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: Spirit of America Investment Fund, Inc.
477 Jericho Turnpike
Syosset, NY 11791
2. Name of each series or class of funds for which this notice 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]
3. Investment Company Act File Number: 811-8231
Securities Act File Number: 333-27925
4(a). Last day of fiscal year for which this notice is filed:
October 31, 1998
4(b). [ ] Check box if this notice is being filed late (i.e., more than 90
calender days after the end of the issuer?s fiscal year). (See Instruction A.2)
Note:If the Form is being filed late, interest must be paid on the registration
fee due
4(c). [ ] Check box if this is the last time the issuer will be filing this
Form.
5. CALCULATION OF REGISTRATION FEE:
(i) Aggregate sale price of securities sold
during the fiscal year pursuant to section
24(f): $ 8,863,208
(ii) Aggregate price of shares redeemed
or repurchased during the fiscal year: $ 272,163
(iii) Aggregate price of shares 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)]: $ 272,163
(v) Net Sales- if item 5(i) is greater than item 5(iv)
[subtract item 5(iv) from item 5(i): $ 8,591,045
(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 .000278
(viii)Registration fee due [multiply Item 5(v) by item
5(vii)] (enter "0" if no fee is due): =$ 2,388.31
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 [effective date of rescission of rule 24e-2],
then report the amount of securities (number of shares or units) deducted here:
0 . 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 years, then state that
number here: 0 .
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): +$ 0
8. Total of the amount of the registration fee due plus any interest
due [line 5(viii) plus line 7]: =$ 2,388.31
9. Date the registration fee and any interest payment was sent to the
Commission's lockbox depository: January 21, 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) \s\ Constance Ferreira
Constance Ferreira, Secretary
Date: January 12, 1999
* Please print the name and title of the signing officer below the signature.
