UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
1. Name and address of issuer:
PPM America Funds
225 West Wacker Drive, Suite 1200
Chicago, IL 60606
2. The 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 issues, check the box but do not list series or
classes): []
PPM America Value Equity Fund
PPM America Small Cap Value Equity Fund
3. Investment Company Act File Number:
811-09001
Securities Act File Number:
333-63295
4(a). Last day of fiscal year for which this Form is filed:
December 31, 1998
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.
5. Calculation of registration fee:
(i) Aggregate sale price of securities sold
during the fiscal year pursuant to
section 24(f): ......................... $ 15,113,704
(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)]: ............................ $ 15,113,704
(vi) Redemption credits available for use in
future years -- if Item 5(i) is less
than Items 5(iv) [subtract Item 5(iv)
from Item 5(i)]: ....................... $( 0 )
(vii) Multiplier for determining registration
fee (See Instruction C.9): ............. x 0.000278
(viii) Registration fee due [multiply Item 5(v)
by item 5(vii)] (enter "0" if no fee is
due): .................................. = $ 4,201.61
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: __________ 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): ....................... + $ 0
8. Total of the amount of the registration fee due
plus any interest due [line 5(viii) plus line 7]: = $ 4,201.61
9. Date the registration fee and any interest
payment was sent to the Commission's lockbox
depository: ..................................... March 26, 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/ Mark Mandich
----------------------------------------------------
Mark Mandich, Chief Financial Officer
----------------------------------------------------
Date: March 26, 1999
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*Please print the name and title of the signing officer below the signature.
