Securities and Exchange Commission
Washington, D.C. 20549
Rule 24f-2 Notice
for
SHORT TERM INCOME FUND, INC.
600 Fifth Avenue
New York, New York 10020
under the
Investment Company Act of 1940
Form N-1A File No. 2-65315
(i) Fiscal year for which this Notice is filed:
September 1, 1994 to August 31, 1995
(ii) Number or amount of securities of the same class or series, if any,
which had been registered under the Securities Act of 1933 other than
pursuant to Rule 24f-2 under the Investment Company Act of 1940 but
which remained unsold at the beginning of such fiscal year:
Money Market Portfolio - None
U.S. Government Portfolio - None
(iii) Number or amount of securities, if any, registered during such fiscal
year other than pursuant to Rule 24f-2:
Money Market Portfolio - 92,872,375.29
U.S. Government Portfolio - 65,332,103.59
(iv) Number or amount of securities sold during such fiscal year:
Money Market Portfolio common stock - 1,212,777,827.74
U.S. Government Portfolio common stock - 1,684,701,146.88
(v) Number or amount of securities sold during such fiscal year in reliance
upon Rule 24f-2:
Money Market Portfolio common stock - 1,119,905,452.45*
U.S. Government Portfolio common stock - 1,619,369,043.29*
Exhibit: Opinion of Messrs. Battle Fowler LLP
- --------------------------------------------
* The filing fee of -0- is calculated in accordance with Rule 24f-2(c) and
Section 6(b) of the Securities Act of 1933 and based on the following: the
actual aggregate sales price of the 2,739,274,495.74 shares (of which
1,119,905,452.45 were shares of the Money Market Portfolio common stock and
1,619,369,043.29 were shares of the U.S. Government Portfolio common stock) sold
during such fiscal year in reliance upon Rule 24f-2 was $2,739,274,495.74: the
actual aggregate dollar amount of shares redeemed during the fiscal year was
$2,884,533,762.22 (of which $1,467,078,747.08 were redemptions of the Money
Market Portfolio common stock and $1,417,455,015.14 were redemptions of the U.S.
Government Portfolio common stock), 145,259,266.48 of which were previously used
for reduction in filings made pursuant to Rule 24e-2(a) and 2,739,274,495.74 of
which is being so used for reduction pursuant to this Rule 24f-2 Notice.
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SIGNATURE
Pursuant to the requirements of Rule 24f-2, Short Term Income Fund,
Inc. has duly caused this Rule 24f-2 Notice to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of New York and State of New
York, on this 13th day of October, 1995.
SHORT TERM INCOME FUND, INC.
By: /s/Steven W. Duff
Steven W.Duff
President
BATTLE FOWLER LLP
75 East 55th Street
New York, New York 10022
October 18, 1995
Short Term Income Fund, Inc.
600 Fifth Avenue
New York, New York 10020
Gentlemen:
We have acted as counsel to Short Term Income Fund, Inc. (the "Fund") in
connection with the preparation of the Rule 24f-2 Notice (the "Notice") covering
2,739,274,495.74 shares of Common Stock, par value $.001 per share, of the Fund.
We have examined copies of the Certificate of Incorporation and By-laws of
the Fund, the Registration Statement, and such other corporate records and
documents, including the consent of the Board of Directors and the minutes of
the meeting of the Board of Directors of the Fund, as we have deemed necessary
for the purpose of this opinion. We have also examined such other documents,
papers, statutes and authorities as we deemed necessary to form a basis for the
opinion hereinafter expressed. In our examination of such material, we have
assumed the genuineness of all signatures and the conformity to original
documents of fact material to such opinion and we have relied upon statements
and certificates of officers and representatives of the Fund and others.
Based upon the foregoing, we are of the opinion that the 2,739,274,495.74
shares of Common Stock, par value $.001 per share of the Fund, the registration
of which the Notice makes definitive, were legally issued, fully paid and
non-assessable.
We hereby consent to the filing of this opinion as an exhibit to the Rule
24f-2 Notice.
Very truly yours,
BATTLE FOWLER LLP
