UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington , D.C. 20549
FORM 24f-2
Annual Notice of Securities Sold
Pursuant to Rule 24F-2
Read instructions at end of Form before preparing Form. Please print or type.
1. Name and address of issuer: USAA MUTUAL FUND, INC.
10750 Robert F. McDermott Freeway
San Antonio, Texas 78288
2. 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):
Growth Fund Short-Term Bond Fund
Aggressive Growth Fund Growth & Income Fund
Income Stock Fund Science & Technology Fund
Income Fund First Start Growth Fund
Money Market Fund
3. Investment Company Act File Number: 811-2429
Securities Act File Number: 2-49560
4(a). Last day of the fiscal year for which this Form is filed:
July 31, 1998
4(b). Check box if this Form is being filed late (ie., more than 90 calendar
days after the end of the issuer's fiscal year). (See Instruction A.2):
Not Applicable
4(c). Check box if this is the last time the issuer will be filing the Form:
Not Applicable.
5. Calculation of registration fee:
(i) Aggregate sale price of securities sold
during the fiscal year pursuant to
section 24(f): $ 5,701,289,422
(ii) Aggregate price of securities redeemed
or repurchased during the fiscal year: $ 4,636,674,989
(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): - $ 4,636,674,989
---------------
(v) Net sales -- if Item 5(i) is greater
than Item 5(iv) [subtract Item 5(iv)
from Item 5(i)]: $ 1,064,614,433
______________________________________________________________
(vi) Redemption credits available for use
in future years $ 0
-- if Item 5(i) is less than Item 5(iv)
[subtract Item 5(iv) from Item 5(i)]:
______________________________________________________________
(vii) Multiplier for determining registration
fee (See Instruction C.9): x 0.000295
---------------
(viii) Registration fee due [multiply Item 5(v)
by Item 5(vii)] (enter "0" if no fee is
due): = 314,061
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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: n/a. 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: n/a.
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): + $ n/a
----------------
8. Total of the amount of the registration fee due plus
any interest due [line 5(viii) plus line 7]: = $ 314,061
================
9. Date the registration fee and any interest payment was sent to the
Commission's lockbox depository: September 21, 1998
Method of Delivery:
__X__ Wire Transfer
_____ Mail or other means
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)* ____________________________
Sherron Kirk, Treasurer
____________________________
Date: September 23, 1998
__________________
* Please print the name and title of the signing officer below
the signature.
