USAA MUTUAL FUND INC
24F-2NT, 1999-09-24
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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


          Read instructions at end of Form before preparing Form.


1.    Name and address of issuer:    USAA MUTUAL FUND, INC.
                                     10750 Robert F. McDermott Freeway
                                     San Antonio, Texas 78288

2.    The name of each series or class of securities for which this Form is
      filed:

                 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, 1999

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 this Form:
      Not Applicable.

5.    Calculation of registration fee:

      (i)    Aggregate sale price of securities
             sold during the fiscal year in
             pursuant to section 24(f):                           $6,833,135,116

      (ii)   Aggregate price of securities
             redeemed or repurchased during
             the fiscal year:                    $6,348,366,380

      (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):                       - $6,348,366,380
                                                                  --------------

      (v)    Net sales -- if Item 5(i) is
             greater than Item 5(iv) [subtract
             Item 5(iv) from Item 5(i)]:                          $  484,768,736

      ---------------------------------------------------------
      (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
      ---------------------------------------------------------

      (vii)  Multiplier for determining
             registration fee (See Instruction
             C.9):                                              x       0.000278
                                                                  --------------

      (viii) Registration fee due [multiply Item
             5(v) by Item 5(vii)] (enter "0" if
             no fee is due):                                    =        134,766
                                                                  ==============

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
      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]:                  = $      134,766
                                                                  ==============

9.    Date  the registration fee  and  any  interest  payment  was  sent  to the
      Commission's lockbox depository:  September 22, 1999

                 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 24, 1999
                ------------------

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






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