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U.S. 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:
GENERAL SECURITIES, INCORPORATED
5100 EDEN AVENUE, SUITE 204
EDINA, MINNESOTA 55436
______________________________________________________________________________
2. Name of each series or class of funds for which this notice is filed:
REGISTRANT HAS ONLY ONE CLASS AND NO SERIES.
_____________________________________________________________________________
3. Investment Company Act File Number:
811-594
Securities Act File Number: 2-77092
_____________________________________________________________________________
4. Last day of fiscal year for which this notice is filed:
NOVEMBER 30
______________________________________________________________________________
5. Check box if this notice is being filed more than 180 days after the close
of the issuer's fiscal year for purposes of reporting securities sold
after the close of the fiscal year but before termination of the issuer's
24f-2 declaration:
NOT APPLICABLE / /
______________________________________________________________________________
6. Date of termination of issuer's declaration under rule 24f-2(a)(1), if
applicable (see instruction A.6):
NOT APPLICABLE
______________________________________________________________________________
7. Number and amount of securities of the same class or series which had been
registered under the Securities Act of 1933 other than pursuant to rule
24f-2 in a prior fiscal year, but which remained unsold at the beginning
of the fiscal year:
NONE
______________________________________________________________________________
8. Number and amount of securities registered during the fiscal year other
than pursuant to rule 24f-2:
NONE
______________________________________________________________________________
9. Number and aggregate sale price of securities sold during the fiscal
year:
161,653 AT $2,338,462
______________________________________________________________________________
10. Number and aggregate sale price of securities sold during the fiscal
year in reliance upon registration pursuant to rule 24f-2.
161,653 AT $2,338,462
______________________________________________________________________________
11. Number and aggregate sale price of securities issued during the fiscal
year in connection with dividend reinvestment plans, if applicable (see
instruction B.7):
25,125 AT $350,616
______________________________________________________________________________
12. Calculation of registration fee:
(i) Aggregate sale price of securities sold during $2,338,462
the fiscal year in reliance on rule 24f-2 ___________________
(from Item 10):
(ii) Aggregate price of shares issued in connection + 350,616
with dividend reinvestment plans (from Item 11, ___________________
if applicable):
(iii) Aggregate price of shares redeemed or repurchased - $2,208,218
during the fiscal year (if applicable): ___________________
(iv) Aggregate price of shares redeemed or repurchased + 0
and previously applied as a reduction to filing ___________________
fees pursuant to rule 24e-2 (if applicable):
(v) Net aggregate price of securities sold and issued $480,860
during the fiscal year in reliance on rule 24f-2 ___________________
line (i), plus line (ii), less line (iii), plus
line (iv) (if applicable):
(vi) Multiplier prescribed by Section 8(b) of the x 1/2900
Securities Act of 1933 or other applicable law or ___________________
regulation (see instruction C.6): $ 166
(vii) Fee due (line (i) or line (v) multiplied by ___________________
line (vi)):
_______________________________________________________________________________
13. Check box if fees are being remitted to the Commission's lockbox
depository as described in section 3a of the Commission's Rules of
Informal and Other Procedures (17 CFR 202.3a).
/X/
Date of mailing or wire transfer of filing fees to the Commission's
lockbox depository:
JANUARY 24, 1996
_______________________________________________________________________________
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 /c/ JOHN P. ROBINSON
_______________________________________________
PRESIDENT
_______________________________________________
Date JANUARY 26, 1996
________________________
