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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
Read instructions at end of Form before preparing Form.
Please print or type.
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1. Name and address of issuer: State Bond Investment Funds, Inc.
100 North Minnesota Street
New Ulm, MN 56073
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2. Name of each series or class of funds for which this notice is filed:
State Bond Diversified Fund
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3. Investment Company Act File Number: 811-1256
Securities Act File Number: 2-22365
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4. Last day of fiscal year for which this notice is filed:
December 31, 1995
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5. Check box if this notice is being filed more then 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:
[_]
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6. Date of termination of issuer's declaration under rule 24f-2(a)(1), if
applicable (see Instruction A.6:
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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:
0
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8. Number and amount of securities registered during the fiscal year other
than pursuant to rule 24f-2:
0
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9. Number and aggregate sale price of securities sold during the fiscal
year:
535,737.322 shares; $5,213,193
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10. Number and aggregate sale price of securities sold during the fiscal
year in reliance upon registration pursuant to rule 24f-2:
535,737.322 shares; $5,213,193
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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):
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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): $ 5,213,193
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(ii) Aggregate price of shares issued in connection
with dividend reinvestment plans (from item 11,
if applicable): +
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(iii) Aggregate price of shares redeemed or repurchased
during the fiscal year (if applicable): - 5,624,366
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(iv) Aggregate price of shares redeemed or repurchased
and previously applied as a reduction to filing
fees pursuant to rule 24e-2 (if applicable): +
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(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): (411,173)
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(vi) Multiplier prescribed by Section 6(b) of the
Securities Act of 1933 or other applicable law or
regulation (see Instruction C.6): x 1/2900
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(vii) Fee due [line (i) or line (v) multiplied by line
(vi): 0
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Instruction: Issuers should complete lines (ii), (iii), (iv), and (v) only
if the form is being filed within 60 days after the close of
the issuer's fiscal year. See Instruction C.3.
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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).
[_]
Date of mailing or wire transfer of filing fees to the Commission's
lockbox depository:
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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/Kevin L. Howard, Vice President & Secretary
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Kevin L. Howard, Vice President & Secretary
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Date Feb. 23, 1996
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*Please print the name and title of the signing officer below the signature.
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February 23, 1996
State Bond Investment Funds, Inc.
100 North Minnesota Street
New Ulm, MN 56073
Re: State Bond Diversified Fund, 1933 Act Registration Statement No. 2-22365
Dear Sirs:
This opinion is furnished in connection with the filing by State Bond Investment
Funds, Inc. (the "Fund") of a Notice (the "Notice") pursuant to Rule 24f-2 (the
"Rule") under the Investment Company Act of 1940 relating to the registration by
the Fund under the Securities Act of 1933 (the "1933 Act") of an indefinite
number of shares. The Fund is a corporation organized under the laws of the
State of Maryland on April 17, 1964. In reliance upon the Rule, $5,213,193 of
shares were sold in the fiscal year ended December 31, 1995 (the "Shares"). The
Shares are described in the prospectus included in the registration statement on
Form N1-A, as amended.
I have examined all such corporate records of the Fund and such other documents
and such laws as I consider appropriate as a basis for the opinion hereinafter
expressed. On the basis of such examination, it is my opinion that:
1. The Fund is a corporation duly organized and validly existing under the laws
of the state of Maryland.
2. The Shares, the registration of which the Notice makes definite in number,
are validly issued, fully paid and non-assessable.
Sincerely,
/s/Kevin L. Howard
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Kevin L. Howard, Esq.
