ICON FUNDS
485BXT, 1999-11-22
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CONFORMED SUBMISSION TYPE:	485BXT
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19991122
EFFECTIVENESS DATE:	19991122

FILER:

	COMPANY DATA:
		COMPANY CONFORMED NAME:
		CENTRAL INDEX KEY:
		STANDARD INDUSTRIAL CLASSIFICATION:
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		485BXT
		SEC ACT:
		SEC FILE NUMBER:	333-14927
		FILM NUMBER:

	FILING VALUES:
		FORM TYPE:		485BXT
		SEC ACT:
		SEC FILE NUMBER:	811-07883
		FILM NUMBER:

	BUSINESS ADDRESS:
		STREET 1:		12835 ARAPAHOE ROAD
		STREET 2:		TOWER II, PENTHOUSE
		CITY:			ENGLEWOOD
		STATE:			CO
		ZIP:			80112
		BUSINESS PHONE:		3037901600

	MAIL ADDRESS:
		STREET 1:		12835 ARAPAHOE ROAD
		STREET 2:		TOWER II, PENTHOUSE
		CITY:			ENGLEWOOD
		STATE:			CO
		ZIP:			80112


                                               REGISTRATION NO. 333-14927
                                               REGISTRATION NO. 811-7883
<PAGE>
- ---------------------------------------------------------------------------


                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D. C. 20549

                                    FORM N-1A

             REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933


                       Pre-Effective Amendment No.......

                        Post-Effective Amendment No. 5

         REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940

                               Amendment No. 5

                                   ICON Funds
               (Exact Name Of Registrant As Specified In Charter)

           12835 East Arapahoe Road Tower II Englewood, Colorado 80112
                     (Address of Principal Executive Office)

       Registrant's Telephone Number, including Area Code: (303) 790-1600

                              Erik L. Jonson
           12835 East Arapahoe Road Tower II Englewood, Colorado 80112

                     (Name and Address of Agent for Service)

                                  With copy to:
                        Charles W. Lutter, Jr., Attorney
                   103 Canyon Oaks, San Antonio, TX 78232-1305

It is proposed that this filing will become effective:

/   / immediately upon filing pursuant to paragraph (b)

/ X / on December 21, 1999 pursuant to paragraph (b)

/   / 60 days after filing pursuant to paragraph (a)(1)

/   / on (date)  pursuant to paragraph (a)(1)

/   / 75 days after filing pursuant to paragraph (a)(2)

/   / on (date) pursuant to paragraph (a)(2) of Rule 485


This  post-effective amendment designates a new effective date of for a
previously filed  post-effective  amendment  (Post-Effective Amendment No. 4).


<PAGE>

- ------------------------------------------------------------------------------

			Designation of New Effective Date
			for Previously filed Amendment

	Post-Effective Amendment No. 4 under the Securities Act of 1933 and the
Investment Company Act of 1940 ("the Amendment") was filed pursuant to
paragraph (a) of Rule 485 on September 23, 1999 and pursuant to that paragraph
would become effective on November 22, 1999.

	The Registrant hereby designates December 21, 1999 as the new date upon
which the Amendment shall become effective.

	All other information contained in the Registrant's Registration
Statement as previously filed through the Amendment is incorporated by reference
without change.


<PAGE>

                                   SIGNATURES

     PURSUANT  TO  THE  REQUIREMENTS  OF THE  SECURITIES ACT OF 1933 AND
THE INVESTMENT COMPANY ACT OF 1940,  THE  REGISTRANT  CERTIFIES THAT IT
MEETS ALL OF THE  REQUIREMENTS FOR  EFFECTIVENESS OF THIS  REGISTRATION
STATEMENT PURSUANT TO RULE  485(b)  UNDER THE  SECURITIES ACT OF 1933 AND
HAS DULY  CAUSED THIS  POST-EFFECTIVE  AMENDMENT  NO.  5  TO BE  SIGNED
ON  ITS  BEHALF BY THE UNDERSIGNED,THEREUNTO  DULY  AUTHORIZED,  IN THE
CITY OF  ENGLEWOOD,  STATE OF  COLORADO, ON THE 19TH DAY OF NOVEMBER, 1999.


                                         ICON FUNDS
                                      By: /s/ Craig T. Callahan
                                             --------------------
                               							(CRAIG T. CALLAHAN, President


     PURSUANT  TO  THE   REQUIREMENTS  OF  THE  SECURITIES  ACT  OF  1933,
THIS AMENDMENT  TO THE  REGISTRATION  STATEMENT HAS BEEN SIGNED BELOW ON
NOVEMBER 19,1999 BY THE FOLLOWING PERSONS IN THE CAPACITIES INDICATED:

/s/ Craig T. Callahan
- ----------------------------------   President and Trustee
CRAIG T. CALLAHAN

/s/ R. Michael Sentel*
- ----------------------------------    Trustee
R. MICHAEL SENTEL

/s/ James W. Hire*
- ----------------------------------    Trustee
JAMES W. HIRE

/s/ Glen F. Bergert*
- ----------------------------------    Trustee
GLEN F. BERGERT

/s/ Erik L. Jonson
- ----------------------------------   Vice President and
                                     Chief Accounting Officer
ERIK L. JONSON                       Chief Financial Officer


*  By: /s/Charles W. Lutter, Jr.
       -------------------------
       Charles W. Lutter, Jr.
       Attorney-in-Fact

* By Power of Attorney. See File Number 333-14927, September 23, 1999.
Incorporated by Reference.



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