U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
Notification of Late Filing
SEC FILE NUMBER:
811-8734
(Check One):
[ ] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] For 11-K
[ ] Form 10-Q and From 10-QSB [X] Form N-SAR
For Period Ended: March 13, 1997
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-P
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ X] Transition Report on Form N-SAR
Nothing in this form shall be construed to imply that the
Commission has verified any information contained herein.
If the notification relates to a portion of the filing checked
above, identify the Item(s) to which the notification relates:
Part I - Registrant Information
Full Name of Registrant:
CountryBaskets Index Fund, Inc.
Address of Principal Executive Office (Street and Number):
31 West 52nd Street
New York, NY
Part II - Rules 12b-25 [b] and [c]
If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25[b], the
following should be completed (Check box if appropriate)
[a] The reasons described in reasonable detail in Part III of
this form could not be eliminated without unreasonable effort or
expense;
X [b] The subject annual report, semi-annual report, transition
report on Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof
will be filed on or before the fifteenth calendar day following the
prescribed due date; or the subject quarterly report or transition
report on Form 10-Q, or portion thereof will be filed on or before the
fifth calendar day following the prescribed due date; and
[c] The accountant's statement or other exhibit required
by Rule 12b-25[c] has been attached if applicable.
Part III - Narrative
State below in reasonable detail the reasons why Form 10-K and Form 10-
KSB, 20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report
or portion thereof could not be filed within the prescribed period.
The Form N-SAR for the period ended March 13, 1997 could not be
filed due to limited staff available in view of liquidation and the
desire to reduce costs and expenses by filing for all Series.
Part IV - Other Information
(1) Name and telephone number of person to contact in regard to this
notification
Joe Cheung 212-469-7590
(2) Have all other periodic reports required under section 13 or 15(d)
of the Securities Exchange Act of 1934 or section 30 of the Investment
Company Act of 1940 during the preceding 12 months or for such shorter
period that the registrant was required to file such report(s) been
filed? If the answer is no, identify reports
[ X ] Yes [ ] No
(3) Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal year will
be reflected by the earnings statements to be included in the subject
report or portion thereof?
[ ] Yes [ X ] No
COUNTRYBASKETS INDEX FUNDS, INC.
has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized
Date: May 12, 1997 By: Joseph Cheung
Joseph Cheung
Treasurer
