NATIONAL INVESTORS CASH MANAGEMENT FUND INC
24F-2NT, 2000-06-26
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 24F-2
                        ANNUAL NOTICE OF SECURITIES SOLD
                             PURSUANT TO RULE 24F-2

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1.   Name and address of issuer:
                                                National Investors Cash Management Fund, Inc.
                                                100 Wall Street
                                                New York, NY 10005

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2.   The name of each series or class of securities for which this Form is filed
     (if the Form is being filed for all series and classes of securities of the
     issuer, check the box but do not list series or classes):

                                                                                                                [ X ]

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3.   Investment Company Act File Number:
                                                                                                            811-07871

     Securities Act File Number:
                                                                                                            333-14527

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4(a). Last day of fiscal year for which this Form is filed:
                                                                                                              4/30/00
                                                           -----------------------------------------------------------

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4(b). [   ] Check box if this Form is being filed late (i.e., more than 90 calendar days after the end of the
      issuer's fiscal year).  (See Instruction A.2)


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4(c). [   ] Check box if this is the last time the issuer will be filing this Form.

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5.   Calculation of registration fee:

     (i)      Aggregate sale price of securities sold during the
              fiscal year pursuant to Section 24(f):                                                   $9,125,156,302

     (ii)     Aggregate price of securities redeemed or repurchased
              during the fiscal year:                                       $9,035,843,304

     (iii)    Aggregate price of securities redeemed or repurchased
              during any prior fiscal year ending no earlier than
              October 11, 1995 that were not previously used to
              reduce registration fees payable to the Commission:           $0
                                                                             -

     (iv)     Total available redemption credits [add Items 5(ii)
              and 5(iii)]:                                                                             $9,035,843,304

     (v)      Net sales -- if Item 5(i) is greater than Item 5(iv)
              [subtract Item 5(iv) from Item 5(i)]:                                                       $89,312,998

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     (vi)     Redemption credits available for use in future years
              -- if Item 5(i) is less than Item 5(iv) [subtract Item
              5(iv) from Item 5(i)]:                                        $(0)
                                                                             ---
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     (vii)    Multiplier for determining registration fee (See
              Instruction C.9):                                                                              x.000264
                                                                                                              -------

     (viii)   Registration fee due [multiply Item 5(v) by Item
              5(vii)] (enter "0" if no fee is due):                                                       =$23,578.63
                                                                            =

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6.   Prepaid Shares

     If the  response  to Item 5(i) was  determined  by  deducting  an amount of
     securities that were  registered  under the Securities Act of 1933 pursuant
     to Rule 24e-2 as in effect before October 11, 1997,  then report the amount
     of securities  (number of shares or other units) deducted here: 0. If there
     is a number of shares or other units that were registered  pursuant to Rule
     24e-2 remaining unsold at the end of the fiscal year for which this form is
     filed that are available for use by the issuer in future fiscal years, then
     state that number here: 0.

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7.   Interest due -- if this Form is being filed more than 90 days after the end of the issuer's fiscal year (see
     Instruction D):

                                                                                                                  +$0
                                                                                                                  ---
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8.   Total of the amount of the registration fee due plus any interest due [line 5(viii) plus line 7]:

                                                                                                          =$23,578.63

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9.   Date the registration fee and any interest payment was sent to the Commission's lockbox depository:

                                                                                          June 26, 2000
     Method of Delivery:
         [X] Wire Transfer
         [   ] Mail or other means

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                                                             SIGNATURES

     This report has been signed below by the following  person on behalf of the issuer and in the capacity and on the date
     indicated.

     By (Signature and Title)*:                 /s/ Christopher J. Kelley
                                                ----------------------------------------------------------------------
                                                Christopher J. Kelley, Secretary

     Date:                June 26, 2000
                 -----------------------------------

                            *Please print the name and title of the signing officer below the signature.
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