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 High Yield Bond Fund
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, 1999
4(b). [] Checkbox 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): $ 62,393,205
(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)]: $ 62,393,205
(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 0.000264
(viii) Registration fee due [multiply Item 5(v) by item 5(vii)]
(enter "0" if no fee is due): = $ 16,471.81
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:
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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: .
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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]: = $ 16,471.81
9. Date the registration fee and any interest payment was sent to the
Commission's lockbox depository: March 29, 2000
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 29, 2000
*Please print the name and title of the signing officer below the signature.
