TRIFLEX FUND INC
485BXT, 1998-12-04
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<PAGE>
     AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON DECEMBER 4, 1998

                                            REGISTRATION NOS. 2-61491; 811-02818
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------

                        SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549

                              -------------------
                                   FORM N-1A
                         REGISTRATION STATEMENT UNDER THE                    / /
                             SECURITIES ACT OF 1933
                                        
                         POST-EFFECTIVE AMENDMENT NO.  32                    /X/
                                     AND/OR
                           REGISTRATION STATEMENT UNDER                      / /
                       THE INVESTMENT COMPANY ACT OF 1940
                                AMENDMENT NO.  28                            /X/
                         [Check appropriate box or boxes]

                              -------------------
                               TRIFLEX FUND, INC.
               [Exact Name of Registrant as Specified in Charter]
                                        
        2450 SOUTH SHORE BOULEVARD, SUITE 400, LEAGUE CITY, TEXAS 77573
             [Address of Principal Executive Offices]   [Zip Code]
                                        
      Registrant's Telephone Number, Including Area Code:  (281) 334-2469



            NAME AND ADDRESS OF                         WITH COPY TO:
            AGENT FOR SERVICE:
                                                       JERRY L.  ADAMS
             TERESA E. AXELSON                   GREER, HERZ & ADAMS, L.L.P.
   2450 SOUTH SHORE BOULEVARD, SUITE 400               ONE MOODY PLAZA
         LEAGUE CITY, TEXAS 77573                  GALVESTON, TEXAS 77550

                                                    FREDERICK R.  BELLAMY
                                               SUTHERLAND ASBILL & BRENNAN LLP
                                                1275 PENNSYLVANIA AVENUE, NW
                                                WASHINGTON, D.C.  20004-2415

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

It is proposed that this filing will become effective (check appropriate box):
     / /  immediately upon filing pursuant to paragraph (b) of Rule 485
     /X/  on JANUARY 1, 1999 pursuant to paragraph (b) of Rule 485
     / /  60 days after filing pursuant to paragraph (a)(1) of Rule 485
     / /  on (date) pursuant to paragraph (a)(1) of Rule 485
     / /  75 days after filing pursuant to paragraph (a) of Rule 485
     / /  on (date) pursuant to paragraph (a)(2) of Rule 485

          If appropriate, check the following box:
     /X/  this Post-Effective Amendment designates a new effective date for a
          previously filed Post-Effective Amendment

Title of Securities Being Registered ....Common Stock, par value $.01 per share.

<PAGE>

This Post-Effective Amendment is being filed solely for the purpose of delaying
the effective date of Post-Effective Amendment No. 31 to the Registration
Statement for the Triflex Fund, Inc. filed on October 6, 1998, and incorporates
by reference Parts A, B, and C filed therein.

<PAGE>

                                      SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 and the Investment 
Company Act of 1940, Registrant, TRIFLEX FUND, INC., certifies that it meets all
of the requirements for effectiveness of this POST-EFFECTIVE AMENDMENT NO. 32 to
the Registration Statement pursuant to Rule 485(b) under the Securities Act of
1933 and has duly caused it to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of League City and State of Texas, on the
3rd day of December, 1998.

TRIFLEX FUND, INC.

By: /s/ Michael W. McCroskey
- ---------------------------------------
    Michael W. McCroskey, President
     
Pursuant to the requirements of the Securities Act of 1933, this POST-EFFECTIVE
AMENDMENT NO. 32 has been signed below by the following persons in the
capacities and on the dates indicated:

PRINCIPAL EXECUTIVE AND FINANCIAL OFFICER:   PRINCIPAL ACCOUNTING OFFICER:

/s/ Michael W. McCroskey                     /s/ Brenda T. Koelemay
- ---------------------------------------      ----------------------------------
Michael W. McCroskey, President              Brenda T. Koelemay, Treasurer
Date:  December 3, 1998                      Date:  December 3, 1998
       --------------------------------             ---------------------------

                                    DIRECTORS


/s/ Ralph S. Clifford                    /s/ Paul D. Cummings
- ---------------------------------------  ---------------------------------------
* Ralph S. Clifford by                   * Paul D. Cummings by 
Michael W. McCroskey, Power of Attorney  Michael W. McCroskey, Power of Attorney
Date:  December 3, 1998                  Date:  December 3, 1998
       --------------------------------        ---------------------------------

/s/ Jack T. Currie                       /s/ Ira W. Painton
- ---------------------------------------  ---------------------------------------
* Jack T. Currie by                      * Ira W. Painton by 
Michael W. McCroskey, Power of Attorney  Michael W. McCroskey, Power of Attorney
Date:  December 3, 1998                  Date:  December 3, 1998
       --------------------------------         --------------------------------

/s/ Donald P. Stevens                    /s/ Steven H. Stubbs
- ---------------------------------------  ---------------------------------------
* Donald P Stevens by                    * Steven H. Stubbs by
Michael W. McCroskey, Power of Attorney  Michael W. McCroskey, Power of Attorney
Date:  December 3, 1998                  Date:  December 3, 1998
       --------------------------------         --------------------------------

/s/ Michael W. McCroskey
- ---------------------------------------
Michael W. McCroskey


* PURSUANT TO A POWER OF ATTORNEY EXECUTED BY THE BOARD OF DIRECTORS DATED
DECEMBER 16, 1994.  ATTACHED AS EXHIBIT 99.B17 TO POST-EFFECTIVE AMENDMENT
NO. 10.



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