February 21, 1995
SECURITIES AND EXCHANGE COMMISSION
450 Fifth Street, N. W.
Judiciary Plaza
Washington, D. C. 20549
RE: Rule 24f-2 Notice for United Funds, Inc. (United Accumulative Fund, United
Bond Fund, United Income Fund, United Science and Technology Fund) File
Nos. 2-21867 and 811-2552/CIK#217420
Dear Sir or Madam:
1. This Notice is being filed for the fiscal year ended December 31, 1994;
2. At the beginning of such fiscal year United Bond Fund, United Science and
Technology Fund, United Accumulative Fund and United Income Fund had no
securities registered under the Securities Act of 1933, other than pursuant
to this section;
3. During such fiscal year United Bond Fund, United Science and Technology
Fund, United Income Fund and United Accumulative Fund registered no
securities other than pursuant to this section;
4. United Bond Fund sold 6,077,476 shares during such fiscal year*; and United
Income Fund sold 17,223,202 shares during such fiscal year**; and United
Accumulative Fund sold 4,792,033 shares during such fiscal year***; and
United Science and Technology Fund sold 4,101,127 shares during such fiscal
year****; and
5. The 6,077,476 shares of United Bond Fund were sold during such fiscal year
in reliance upon registration pursuant to this section.
The 17,223,202 shares of United Income Fund were sold during such fiscal
year in reliance upon registration pursuant to this section.
The 4,792,033 shares of United Accumulative Fund were sold during such
fiscal year in reliance upon registration pursuant to this section.
The 4,101,127 shares of United Science and Technology Fund were sold during
such fiscal year in reliance upon registration pursuant to this section.
This notice is accompanied by an opinion of counsel for United Bond Fund, United
Income Fund, United Accumulative Fund and United Science and Technology Fund as
prescribed by paragraph (b)(1)(v) of Rule 24f-2. We have wired $53,453.25 in
payment of the filing fee for United Income Fund and $2,438.89 in payment of the
filing fee for United Science & Technology Fund as prescribed by paragraph (c)
of said Rule. An additional filing fee as prescribed by paragraph (c) is not
required for United Bond Fund and United Accumulative Fund since during such
fiscal year the issuers' net redemptions exceeded sales.
Very truly yours,
Sharon K. Pappas
Secretary
*During such fiscal year ended December 31, 1994, United Bond Fund sold
6,077,476 shares in reliance upon registration pursuant to Rule 24f-2 at an
actual aggregate sale price of $36,518,090 and redeemed 19,918,276 shares at
an aggregate repurchase price of $118,675,179. None of such redeemed shares
were previously applied by the issuer pursuant to Section 24e-2(a) in
filings made pursuant to Section 24(e)(1) of the Investment Company Act of
1940. Since the shares redeemed during the issuer's fiscal year exceeded
shares sold, a filing fee as prescribed in Section 6(b) of the Securities
Act of 1933 is not required.
**During such fiscal year ended December 31, 1994, United Income Fund sold
17,223,202 shares in reliance upon registration pursuant to Rule 24f-2 at an
actual aggregate sale price of $427,435,360 and redeemed 10,996,133 shares
at an aggregate repurchase price of $272,422,022. None of such redeemed
shares were previously applied by the issuer pursuant to Section 24e-2(a) in
filings made pursuant to Section 24(e)(1) of the Investment Company Act of
1940. The filing fee, calculated in the manner specified in Section 6(b) of
the Securities Act of 1933, is based on the actual sale price of
$427,435,360 for which shares were sold during the issuer's previous fiscal
year reduced by the actual redemption price of $272,422,022 for which shares
were redeemed by the issuer during such previous fiscal year.
***During such fiscal year ended December 31, 1994, United Accumulative Fund
sold 4,792,033 shares in reliance upon registration pursuant to Rule 24f-2
at an actual aggregate sale price of $34,385,640 and redeemed 13,397,312
shares at an aggregate repurchase price of $96,048,779. None of such
redeemed shares were previously applied by the issuer pursuant to Section
24e-2(a) in filings made pursuant to Section 24(e)(1) of the Investment
Company Act of 1940. Since the shares redeemed during the issuer's fiscal
year exceeded shares sold, a filing fee as prescribed in Section 6(b) of the
Securities Act of 1933 is not required.
****During such fiscal year ended December 31, 1994, United Science and
Technology Fund sold 4,101,127 shares in reliance upon registration pursuant
to Rule 24f-2 at an actual aggregate sale price of $61,082,518 and redeemed
3,619,095 shares at an aggregate repurchase price of $54,009,785. None of
such redeemed shares were previously applied by the issuer pursuant to
Section 24e-2(a) in filings made pursuant to Section 24(e)(1) of the
Investment Company Act of 1940. The filing fee, calculated in the manner
specified in Section 6(b) of the Securities Act of 1933, is based on the
actual sale price of $61,082,518 for which shares were sold during the
issuer's previous fiscal year reduced by the actual redemption price of
$54,009,785 for which shares were redeemed by the issuer during such
previous fiscal year.
February 21, 1995
United Funds, Inc. (United Bond Fund, United Income Fund,
United Accumulative Fund and United Science and Technology Fund)
6300 Lamar Avenue
P. O. Box 29217
Shawnee Mission, Kansas 66201-9217
Dear Sir or Madam:
In connection with the public offering of shares of Capital Stock, par value
$1.00 per share, of United Funds, Inc. (United Bond Fund, United Income Fund,
United Accumulative Fund and United Science and Technology Fund), I have
examined such corporate records and documents and have made such further
investigation and examination as I deemed necessary for the purpose of this
opinion.
It is my opinion that the 6,077,476 shares of Capital Stock of United Bond Fund,
the 17,223,202 shares of Capital Stock of United Income Fund, the 4,792,033
shares of Capital Stock of United Accumulative Fund and the 4,101,127 shares of
United Science and Technology Fund, registration of which the notice makes
definite in number, were legally issued, fully paid and nonassessable.
I hereby consent to the filing of this opinion with the Rule 24f-2 Notice.
Very truly yours,
Sharon K. Pappas
Attorney at Law
