Form 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
1. Name and address of issuer: SAMCO Fund, Inc.
600 Fifth Avenue, 26th Floor
New York, NY 10020
2. Name of each series or class of funds for which this notice is filed:
X
X
(If the form is being filed for all series and classes of securities of
the issuer, check the box but do not list series of classes):
3. Investment Company Act File Number: 811-8323
Securities Act File Number: 333-33365
4a. Last day of fiscal year for which this notice is filed: 10/31/98
4b. 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)
Note: If the firm is being filed late, interest must be paid on the
registration fee due.
4c. 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): $43,299,880
(ii) Aggregate price of securities redeemed or repurchased during the
fiscal year:
$0
(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):
$0
(v) Net Sales- if Item 5(i) is greater than Item 5(iv) [subtract Item
5(iv) from Item 5(i): $43,299,880
(vi) Redemption credits available for use in future years- if Item 5(i)
is less than 5(iv) [subtract Item 5(iv) from Item 5(i): $0
(vii)Multiplier for determining registration fees(See Instruction C.9):
.000278
(viii) Registration fee due [multiply Item 5(v) by Item 5(vii)] (enter
"0" if no fee is due): $12,037.37
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: $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
by the issuer in future fiscal years, the 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]: $0
9. Date the registration fee and any interest payment was sent to the
Commission's lockbox depository: 1/27/99
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 dated indicated.
Date: January 28, 1999
By /s/ William E. Vastardis
William E. Vastardis
Secretary
SAMCO FUND, INC.
Certificate of Secretary
I, William E. Vastardis, do hereby certify that I am the Secretary of
SAMCO Fund, Inc., a Maryland corporation (the "Company"), and, in connection
with the filing on behalf of the Company of a Rule 24f-2 Notice, as such term is
defined in the Investment Company Act of 1940, as amended, and the preparation
by Dechert Price and Rhoads, as counsel to the Company, of a legal opinion to
accompany the Rule 24f-2 Notice, I do hereby further certify that the Company
sold the following total of shares which include shares sold through dividend
reinvestment: the Company sold a total of 4,280,534 shares of its SAMCO Fixed
Income Portfolio Stock, all having a par value of $.001 per share (collectively,
the "Shares"), during the fiscal year ended October 31, 1998, for which the
Company received payment in full of cash consideration in excess of par value
prior to the issuance of the Shares in accordance with the resolutions
authorizing their sale, I do hereby further certify that the Company had a total
of 4,,280,534 shares of its SAMCO Fixed Income Portfolio Stock outstanding on
October 31, 1998, and I do hereby further certify that at no time during the
fiscal year ended October 31, 1998 did the Company have in excess of 500,000,000
shares of its SAMCO Fixed Income Portfolio Stock outstanding.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of
the Company this 27th day of January, 1999.
/s/ William E. Vastardis
William E. Vastardis
Secretary
