MONUMENT SERIES FUND INC
24F-2NT, 2000-01-11
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          Commonwealth Shareholder Services, Inc.
              1500 Forest Avenue, Suite 223
              Richmond, Virginia  23229



January 12, 2000


Filing Desk
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C.  20549

         RE: MONUMENT SERIES FUNDS, INC.
             File No. 811-8199 AND 333-26223

Gentlemen:

         Transmitted herewith is the above-referenced Fund's 24f-2
Notice on Form 24f-2 on behalf of the Monument  Medical  Sciences Fund (formerly
the Washington Regional Growth Fund), Monument Telecommunications Fund (formerly
the Monument  Regional  Aggressive  Growth Fund) and Monument  Internet Fund. We
have remitted the necessary filing fee to the Commission's lockbox depository in
the amount of $15,652.04.

         Please call me at 1-800-527-9500 if you have any questions.

                                   Sincerely,


                                  /s/ Darryl S. Peay
                                   Darryl S. Peay
                                   Vice President and Chief
                                   Operating Officer

Enclosures

cc:      David A. Kugler




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         Annual Notice of Securities Sold Pursuant to Rule 24F-2

                        U.S.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: MONUMENT SERIES FUNDS, INC.
                                 7920 Norfolk Avenue
                                 Suite 500
                                 Bethesda, MD  20814


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

     Monument Medical Sciences Fund (formerly the Washington Regional Growth
        Fund)
     Monument Telecommunications Fund (formerly the Regional Aggressive Growth
        Fund)
     Monument Internet Fund


3.Investment Company Act File Number:  811-8199


  Securities Act File Number:  033-26223

4.(a) Last day of fiscal year for which this notice is filed:

     October 31, 1999


4(b).  Check box if this notice is being filed more than 90 days after the close
of the issuer's fiscal year.


4(c). Check box if this is the last time the issuer will be filing this Form.



<PAGE>



5. Calculation of registration fee:

     (i)  Aggregate  sale  price of  securities  sold  during  the  fiscal  year
          pursuant to section 24(f):                        $76,529,669

     (ii) Aggregate price of securities redeemed or
          repurchased during the fiscal year:               $17,241,619

    (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:                                      $ N/A

    (iv) Total available redemption credits (add Items 5(ii)
          and 5 (iii)                                       $17,241,619

     (v)  Net sales - if Item 5(i) is  greater  than Item 5(iv)  (subtract  Item
          5(iv) from Item 5(i)                              $59,288,050

     (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)                                      $ N/A

     (vii) Multiplier for determining registration
           fee (see Instructions C-9)                        .000264

     (viii) Registration fee due (multiply Item 5(v) by Item 5(vii) (enter "O if
            no fee is due):                                 $15,652.04




<PAGE>



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,  the  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 0.00 (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:                                               $15,652.04


9.   Date the registration fee and any interest payment was sent to the
     Commission's lockbox depository:                             Jan 7, 2000

          Method of Delivery:
                 X Wire Transfer (January 7, 2000) _____ Mail or other means



<PAGE>





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/ Darryl S. Peay
                                   Darryl S. Peay Administrator




Date  January 12, 2000

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





<PAGE>


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