SECURITIES AND EXCHANGE COMMISSION
WASHINGTON , D.C. 20549
RULE 24f-2 NOTICE
USAA MUTUAL FUND, INC.
(Name of Registrant)
10750 Robert F. McDermott Freeway
San Antonio, Texas 78288
(Location of principal executive offices)
Growth Fund
Aggressive Growth Fund
Income Stock Fund
Income Fund
Money Market Fund
Short-Term Bond Fund
Growth & Income Fund
(Title of securities with respect to which Notice is filed)
File No. 2-49560
1. Notice filed for fiscal year: July 31, 1995
2. Number 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 but which remained unsold at the beginning of such fiscal year: NONE
3. Amount of securities, if any, registered during such fiscal year
other than pursuant to Rule 24f-2: NONE
4. Amount of securities sold during such fiscal year:
Aggressive
Growth Fund Growth Fund Income Stock Fund Income Fund
----------- ----------- ----------------- -----------
Shares 13,616,807 Shares 4,377,650 Shares 17,038,685 Shares 17,307,906
Amount $235,002,529 Amount $85,382,314 Amount $236,760,308 Amount $200,958,674
Short-Term Growth &
Money Market Fund Bond Fund Income Fund
----------------- ---------- -----------
Shares 2,059,833,675 Shares 6,373,295 Shares 6,986,643
Amount $2,059,833,675 Amount $61,901,106 Amount $75,855,700
5.Number and amount of securities sold during such fiscal year in
reliance upon registration pursuant to Rule 24f-2:
Aggressive
Growth Fund Growth Fund Income Stock Fund Income Fund
---------- ----------- ----------------- -----------
Shares 13,616,807 Shares 4,377,650 Shares 17,038,685 Shares 17,307,906
Amount $235,002,529 Amount $85,382,314 Amount $236,760,308 Amount $200,958,674
Short-Term Growth &
Money Market Fund Bond Fund Income Fund
----------------- ---------- -----------
Shares 2,059,833,675 Shares 6,373,295 Shares 6,986,643
Amount $2,059,833,675 Amount $61,901,106 Amount $75,855,700
The actual aggregate sales price for which such securities were sold for
each series was:
Aggressive
Growth Fund Growth Fund Income Stock Fund Income Fund
----------- ----------- ----------------- -----------
Amount $235,002,529 Amount $85,382,314 Amount $236,760,308 Amount $200,958,674
Short-Term Growth &
Money Market Fund Bond Fund Income Fund
----------------- ---------- -----------
Amount $2,059,833,675 Amount $61,901,106 Amount $75,855,700
During the fiscal year ended July 31, 1995, the actual aggregate redemption
price of securities of the same series redeemed by the Registrant was:
Aggressive
Growth Fund Growth Fund Income Stock Fund Income Fund
----------- ----------- ----------------- -----------
Amount $107,994,095 Amount $93,572,852 Amount $231,854,455 Amount $325,567,007
Short-Term Growth &
Money Market Fund Bond Fund Income Fund
----------------- ---------- -----------
Amount $1,592,204,003 Amount $38,082,313 Amount $34,218,990
No portion of such aggregate redemption price (each series) has been
applied by the Registrant pursuant to Rule 24e-2(a) in a filing made
pursuant to Section 24(e)(1) of the Investment Company Act of 1940.
Pursuant to Rule 24f-2(c), the registration fee with respect to the
securities sold is calculated as follows:
Sales Redemptions
----- -----------
Growth Fund $235,002,529 $107,994,095
Aggressive Growth Fund 85,382,314 93,572,852
Income Stock Fund 236,760,308 231,854,455
Income Fund 200,958,674 325,567,007
Money Market Fund 2,059,833,675 1,592,204,003
Short-Term Bond Fund 61,901,106 38,082,313
Growth & Income Fund 75,855,700 34,218,990
------------- -------------
$2,955,694,306 - $2,423,493,715 =
$532,200,591 / 2,900 = $183,517.45
Based on the calculations above, a wire in the amount of $183,517.45
will be transferred on September 21, 1995.
6. The required opinion of counsel follows.
DATED: September 21, 1995 USAA MUTUAL FUND, INC.
BY: SHERRON KIRK,
September 15, 1995
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Rule 24f-2 Notice for USAA Mutual Fund, Inc. -
1933 Act File No. 2-49560
Gentlemen:
As counsel to USAA Mutual Fund, Inc. (the "Company"), we have been
requested to render this opinion in connection with the filing by the
Company of a Rule 24f-2 Notice (the "Notice") with respect to its fiscal
year ended July 31, 1995.
Reference is made to paragraph 5 of the Notice wherein the Company
reports the number of shares (the "Shares") representing interests in the
Aggressive Growth Fund, Growth Fund, Growth & Income Fund, Income Stock
Fund, Income Fund, Short-Term Bond Fund and Money Market Fund series of the
Company sold during the fiscal year ended July 31, 1995 in reliance upon
Rule 24f-2 under the Investment Company Act of 1940, as amended.
We have examined the Company's Articles of Incorporation dated
October 10, 1980, as amended, the By-Laws of the Company, as amended, the
Notice, certain resolutions adopted by the Directors of the Company, and
such other documents as we deemed necessary for purposes of this opinion.
Based upon the foregoing, and assuming that all of the Shares were
sold, issued and paid for in accordance with the terms of the Company's
Prospectuses and Statements of Additional Information contained in the
Company's Registration Statement on Form N-1A in effect at the time of
sale, in our opinion the Shares were legally issued and are fully paid and
non-assessable.
Very truly yours,
GOODWIN, PROCTER & HOAR