<PAGE>
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:
Papp America-Pacific Rim Fund, Inc.
4400 N. 32nd Street, Suite 280
Phoenix, Arizona 85108
- --------------------------------------------------------------------------------
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): [X]
Papp America-Pacific Rim Fund, Inc.
Common stock
- --------------------------------------------------------------------------------
3. Investment Company Act File 811-8005
Number:
Securities Act File Number: 333-19235
- --------------------------------------------------------------------------------
4(a). Last day of fiscal year for which this notice is filed: December 31, 1997
- --------------------------------------------------------------------------------
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)
- --------------------------------------------------------------------------------
4(c). [_] Check box if this is the last time the issuer will be filing this
Form.
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
5. Calculation of registration fee:
<S> <C> <C> <C> <C>
(i) Aggregate Sale price of securities sold during the $15,912,799
fiscal year pursuant to section 24(f):
(ii) Aggregate price of securities redeemed or repurchased
during the fiscal year: $2,571,490
(iii) Aggregate price of securities redeemed or repurchased
during any prior fiscal year ending no earlier than $0
October 11, 1995 that were not previously used to
reduce registration fees payable to the Commission:
(iv) Total available redemption credits [add Items 5(ii) -$2,571,490
and 5(iii):
(v) Net sales - if item 5(i) is greater than Item 5(iv) $13,341,309
[subtract Item 5(iv) from Item 5(i)]:
--------------------------------------------------------------------------
(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(l)]:
--------------------------------------------------------------------------
(vii) Multiplier for determining registration fee (See x .000295
Instruction C.9):
</TABLE>
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
(viii) Registration fee due [multiply Item 5(v) by =$3,935.69
Item 5(vii)] (enter "0" if no fee is due):
- --------------------------------------------------------------------------------
Prepaid Shares
6.
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:____. 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:____.
- --------------------------------------------------------------------------------
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):
- --------------------------------------------------------------------------------
8. Total of the amount of the registration fee due plus $3,935.69
any interest due [line 5(viii) plus line 7]
- --------------------------------------------------------------------------------
9. Date the registration fee and any interest payment was sent to the
Commission's lockbox depository:
March 10, 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)* /s/ Robert L. Mueller
---------------------------------
Robert L. Mueller
Vice President and Secretary
---------------------------------
Date March 10, 1998
-----------------
*Please print the name and title of the signing officer below the signature.
- --------------------------------------------------------------------------------