PRINCIPAL PACIFIC BASIN FUND INC
24F-2NT, 2001-01-12
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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:
           Principal Pacific Basin Fund, Inc.
           The Principal Financial Group
           Des Moines, IA  50392-0200

      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):
           -------------
                X
           -------------

      3    Investment Company Act File Number:          811-09803
           Securities Act File Number:                  333-31258

      4 a  Last day of fiscal year for which this notice if filed:
           October 31, 2000

      4 b  Check this 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)
           -------------
               N/A
           -------------
           Note: If the Form is being filed late, interest must be paid on the
           registration fee due.

      4 c Check box if this is the last  time the  issuer  will be  filing  this
          Form.
           -------------
               N/A
           -------------

      5    Calculation of registration fee:

           (i)          Aggregate sale price of securities sold during the
                        fiscal year in reliance on rule 24f-2:          $638,388

           (ii)         Aggregate price of shares redeemed or
                        repurchased during the fiscal year:       6,983

           (iii)        Aggregate price of shares 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)]:                      6,983


           (v)          Net Sales - If Item 5(i) is greater than Item 5(iv)
                        [subtract Item 5(iv) from Item 5(i)]:            631,405

        -----------------------------------------------------------   ----------

           (vi)         Redemption  credits available for use in future years --
                        if Item  5(i) is less  than Item  5(iv)  [subtract  Item
                        5(iv) from Item 5(i)]" N/A

        ------------------------------------------------------------------------

           (vii)        Multiplier for determining registration fee (See
                        Instruction c.9):                                0.00025

           (viii)       Registration fee due [Multiply Item 5(v) by Item
                        5(vii)] (enter "0" if no fee is due):             157.85
                                                                  ==============

      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  [effective  date of
           rescisision  of rule  24e-2],  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 the 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]:

                                                                          157.85
                                                                  ==============

      9    Date the registration fee and any interest payment was sent to the
           Commission's lockbox depository:

           -------------
             01/12/01
           -------------

           Method of Delivery:

           -------------
                X       Wire Transfer
           -------------
           -------------
               N/A      Mail or other means
           -------------


                                    Signature

This  report has been  signed  below by the  following  persons on behalf of the
issuer and in the capacities and on the dates indicated:

Principal Pacific Basin Fund, Inc.



By      /s/ A. S. Filean
        -------------------------------
        A.S. Filean, Vice President
        and Secretary


Date:      12th day of January 2001



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