APPENDIX I. U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
Read instruction at end of Form before preparing Form.
Please print or type.
1. Name and address of issuer:
Davis Series, Inc.
124 East Marcy Street
Santa Fe, NM 87501
2. Name of each series or class of funds for which this notice is filed.
Davis Growth Opportunity Fund, Classes A, B & Y
Davis Government Bond Fund, Classes A, B & Y
Davis Government Money Market Fund, Classes A, B, C & Y
Davis Financial Fund, Classes A, B & Y
Davis Convertible Securities Fund, Classes A, B & Y
Davis Real Estate Fund, Classes A, B & Y
3. Investment Company Act File Number:
811-2679
Securities Act File Number:
2-57209
4. Last day of fiscal year for which this notice is filed:
December 31, 1996
5. Check box if this notice is being filed more than 180 days after the
close of the issuers 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:
/ /
6. Date of termination of issuer's declaration under rule 24f-2(a)(1), if
applicable (see instruction A.6):
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:
196,510,394 $303,354,695
<PAGE>
10. Number and aggregate sale price of securities sold during the fiscal
year in reliance upon registration pursuant to rule 24f-2:
196,510,394 $303,354,695
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):
5,150,402 $25,430,001
12. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the fiscal
year in reliance on rule 24f-2 (from Item 10): $303,354,695
____________
(ii) Aggregate price of shares issued in connection with
dividend reinvestment plans (from Item 11, if applicable):
+ 25,430,001
____________
(iii) Aggregate price of shares redeemed or repurchased during the
fiscal year (if applicable): -238,191,252
____________
(iv) Aggregate price of shares redeemed or repurchased and previously
applied as a reduction to filing fees pursuant to rule 24e-2
(if applicable): + None
____________
(v) Net aggregate price of securities sold and issued during the fiscal
year in reliance on rule 24f-2 line i), plus line (ii), less
line (iii), plus line (iv) (if applicable): $90,593,444
____________
(vi) Multiplier prescribed by Section 6(b) of the Securities Act of
1933 or other applicable law or regulation (see instruction C.6):
x 1/3300
____________
(vii) Fee due line (i) or lines (v) multiplied by line (vi):
$ 27,452.56
____________
____________
Instruction: Issuers should complete lines (ii), (iii), (iv), and (v) only if
the form is being files within 60 days after the close of the
issuer's fiscal year. See Instruction C.3.
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 (17CFR 202.3a)
/X/
Date of mailing or wire transfer of filing fees to the Commission's
lockbox depository:
2/26/97
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/ Carl R. Luff
----------------------------
Carl R. Luff
Treasurer
Date 2/28/97
-------
Please print the name and title of the signing officer below the signature.
Exhibit: Opinion of Counsel dated January 6, 1997
-----------------
January 6, 1997
Davis Series, Inc.
c/o Carl R. Luff
Vice President and Treasurer
124 East Marcy Street
Santa Fe, NM 87501
Re: Investment Company Act Rule 24f-2 Notice for Year ended
December 31, 1996
Dear Sir or Madam:
We have examined such documents and records as we deem necessary
to render this opinion, including your Articles of Incorporation.
From such examination, we are of the opinion that Davis
Series, Inc.:
1. Is legally organized and existing under the laws of the State of
Maryland and was so organized and existing throughout the
period in which the sales occurred of the subject shares; and
2. Was authorized to issue the shares of its common stock sold
throughout the period covered by the Notice.
On the basis of our examination of all relevant documents, in our
opinion, the shares of your common stock sold in the one-year period
ended December 31, 1996 were part of your authorized, but unissued,
shares of common stock which, when sold, were legally issued and, when
issued and fully paid for in accordance with the terms of their offering,
constituted fully paid and non-assessable shares of your outstanding
common stock.
We hereby consent to the use of this opinion as an exhibit to the above-
referenced Notice.
Very truly yours,
D'ANCONA & PFLAUM
By: /s/ Sheldon R. Stein
_________________________
Sheldon R. Stein, Partner
SRS:AD:sls
