KAYNE ANDERSON MUTUAL FUNDS
N-8A, 1996-07-12
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM N-8A

                          NOTIFICATION OF REGISTRATION
                      FILED PURSUANT TO SECTION 8(a) OF THE
                         INVESTMENT COMPANY ACT OF 1940

         The undersigned  investment  company hereby notifies the Securities and
Exchange  Commission  that it registers  under and pursuant to the provisions of
Section 8(a) of the Investment  Company Act of 1940 and in connection  with such
Notification of Registration submits the following information:

Name:             Kayne Anderson Mutual Funds

Address of Principal Business Office (No. & Street, City, State, Zip Code):

                  1800 Avenue of the Stars, 2nd Floor
                  Los Angeles, California 90067

Telephone Number (including area code):  (310) 556-2721

Name and address of agent for service of process:

                  William T. Miller
                  1800 Avenue of the Stars, 2nd Floor
                  Los Angeles, California 90067

Check Appropriate Box:

         Registrant is filing a Registration  Statement pursuant to Section 8(b)
of the Investment Company Act of 1940 concurrently with the filing of Form N-8A:
Yes  [ X ]    No   [   ]

                          -----------------------------

         Pursuant to the requirements of the Investment Company Act of 1940, the
registrant has caused this Notification of Registration to be duly signed on its
behalf in the City of San  Francisco and the State of California on the 10th day
of July, 1996.

                                           Kayne Anderson Mutual Funds

                                            /s/ William T. Miller
                                           -------------------------------------
                                           By:  William T. Miller
                                                    Principal Executive Officer,
                                                    Principal Financial and
                                                    Accounting Officer, and
                                                    sole Trustee
Attest:



Title:   /s/ Alvin J. Portney
      -----------------------
         Secretary



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