U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
1. Name and address of issuer: Advantus Index 500 Fund, Inc.
400 Robert Street North
St. Paul, Minnesota 55101-2098
2. Name of each series or class of funds for which this notice is filed:
Common Stock - Class A, B and C
3. Investment Company Act File Number: 811-7815
Securities Act File Number: 333-12285
4. Last day of fiscal year for which this notice is filed: July 31, 1997
5. Check box if this notice is being filed more than 180 days after the
close of the issuer's fiscal year for purposes of reporting securities
sold after the close of the fiscal year but before termination of the
issuer's 24f-2 declaration: not applicable / /
6. Date of termination of issuer's declaration under rule 24f-2(a)(1), if
applicable (see Instruction A.6): not applicable
7. Number and amount of securities of the same class or series which had
been registered under the Securities Act of 1933 other than pursuant to
rule 24f-2 in a prior fiscal year, but which remained unsold at the
beginning of the fiscal year: not applicable
8. Number and amount of securities registered during the fiscal year other
than pursuant to rule 24f-2: none
9. Number and aggregate sale price of securities sold during the fiscal
year: 814,219.8308 shares, $8,551,744.52
10. Number and aggregate sale price of securities sold during the fiscal
year in reliance upon registration pursuant to rule 24f-2:
814,219.8308 shares, $8,551,744.52
11. Number and aggregate sale price of securities issued during the fiscal
year in connection with dividend reinvestment plans, if applicable (see
Instruction B.7): not applicable
12. Calculation of registration fee:
(i) Aggregate sale price of securities sold during
the fiscal year in reliance on rule 24f-2 (from
Item 10): $ 8,551,744.52
______________
(ii) Aggregate price of shares issued in connection
with dividend reinvestment plans (from Item
11, if applicable): + -0-
______________
(iii) Aggregate price of shares redeemed or
repurchased during the fiscal year
(if applicable): - 75,034.95
_______________
(iv) Aggregate price of shares redeemed or
repurchased and previously applied as a
reduction to filing fees pursuant to
rule 24e-2 (if applicable): + -0-
_______________
(v) Net aggregate price of securities sold and
issued during the fiscal year in reliance
on rule 24f-2 [line (i), plus line (ii),
less line (iii), plus line (iv)]
(if applicable): 8,476,709.57
_______________
(vi) Multiplier prescribed by Section 6(b) of the
Securities Act of 1933 or other applicable law
or regulation (see Instruction C.6): x 1/33 of 1%
_______________
(vii) Fee due [line (i) or line (v) multiplied by
line (vi)]: 2,568.70
_______________
Instruction: Issuers should complete lines (ii), (iii), (iv), and (v) only if
the form is being filed within 60 days after the close of the issuer's fiscal
year. See Instruction C.3.
13. Check box if fees are being remitted to the Commission's lockbox
depository as described in section 3a of the Commission's Rules of
Informal and Other Procedures (17 CFR 202.3a). /X/
Date of mailing or wire transfer of filing fees to the Commission's
lockbox depository: September 29, 1997
SIGNATURES
This report has been signed below by the following persons on behalf of the
issuer and in the capacities and on the dates indicated.
By (Signature and Title)* /s/Paul H. Gooding
_______________________________________
Paul H. Gooding
President
_______________________________________
Date: September 30, 1997
* Please print the name and title of the signing officer below the signature.
[Dorsey & Whitney LLP Letterhead]
September 25, 1997
Advantus Index 500 Fund, Inc.
400 Robert Street North
St. Paul, Minnesota 55101
Dear Sirs:
We have acted as independent general counsel to Advantus Index
500 Fund, Inc., a Minnesota corporation (the "Fund"), in connection with the
Fund's Registration Statement (File No. 333-12285). This opinion is addressed
to you in connection with a filing by the Fund of a notice (the "Notice")
pursuant to Rule 24f-2 under the Investment Company Act of 1940. In that
connection, we have examined such documents and have reviewed such questions
of law as we have considered necessary and appropriate for the purposes of
this opinion, and, based thereon, we advise you that, in our opinion:
1. The Fund has been duly incorporated pursuant to Chapter 302A
of the Minnesota Statutes and is validly existing as a corporation in good
standing under Minnesota law; and
2. The 814,220 common shares, $.01 par value, of the Fund sold
by the Fund in reliance upon registration pursuant to Rule 24f-2 during the
fiscal year ended July 31, 1997, as set forth in the Notice, were legally
issued, have been fully paid and are nonassessable, if issued and sold upon
the terms and in the manner set forth in the Registration Statement of the
Fund.
Very truly yours,
/s/ Dorsey & Whitney LLP
DORSEY & WHITNEY LLP
MJR
