BEARGUARD FUNDS INC
N-8A, 1999-04-14
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          SECURITIES AND EXCHANGE COMMISSION
                Washington, D.C.  20549
                       FORM N-8A
             NOTIFICATION OF REGISTRATION
         FILED PURSUANT TO SECTION 8(a) OF THE
            INVESTMENT COMPANY ACT OF 1940
                           
     
     The undersigned investment company hereby notifies
the Securities and Exchange Commission that it
registers under and pursuant to the provisions of
Section 8(a) of the Investment Company Act of 1940 and
in connection with such notification of registration
submits the following information:
     
Name:  Bearguard Funds, Inc.

Address of Principal Business Office:

985 University Avenue, Suite 26
Los Gatos, California  95032

Telephone number (including area code):  (408) 399-9200

Name and Address of Agent for Service of Process:

Paul L. McEntire
Skye Investment Advisors LLC
985 University Avenue, Suite 26
Los Gatos, California  95032

Check Appropriate Box:

Registrant is filing a Registration Statement pursuant
to Section 8(b) of the Investment Company Act of 1940
concurrently with the filing of Form N-8A:

                YES [X]         NO
<PAGE>                           


     Pursuant to the requirements of the Investment Company
Act of 1940, the Registrant caused this notification of
registration to be duly signed on its behalf in the City
of Los Gatos and State of California on the 12th day of
April, 1999.
     

                              
                              
                              
                              By: /s/ Paul L. McEntire
                                ----------------------------   
                                Paul L. McEntire, President

Attest:  /s/ Thomas F. Burns, Jr.
     -----------------------------
     Thomas F. Burns, Jr.

Title:  Treasurer and Secretary




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