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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.
1. Name and address of issuer:
FRANK RUSSELL INVESTMENT COMPANY
2. Name of each series or class of securities for which this Form is filed
(leave this item blank if the Form is being filed for all series and classes
of securities of the issuer):
SEE ATTACHED EXHIBIT A
3. Investment Company Act File Number: 811-3153
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<S> <C>
Securities Act File Number: 2-71299
4(a). Last day of fiscal year for which this Form is filed:
12/31/97
4(b). [_] Check box if this Form is being filed late (i.e., more than 90 days after the end of the issuer's fiscal year). N/A
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Note: If the Form is being filed more than 90 days after the end of the
issuer's fiscal year, interest must be paid on the registration fee due.
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<S> <C> <C> <C>
4(c). [_] Check box if this is the last time the issuer will be filing this Form. N/A
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5. Calculation of registration fee:
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<S> <C> <C>
(i) Aggregate sale price of securities
sold during the fiscal year
pursuant to section 24(f): $15,097,381,931
(see attached Exhibit B) ----------------
(ii) Aggregate price of securities
redeemed or repurchased during the
fiscal year (see Exhibit C) ($12,598,631,071)
----------------
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<S> <C> <C>
(iii) Aggregate price of securities
redeemed or repurchased during any
prior fiscal year ending no
earlier than October 11, 1995 that
were not previously used to reduce
registration fees payable to the
Commission: $ 0
-----------------
(iv) Total available redemption credits
[add Items 5(ii) and 5(iii)]:
$ 12,598,631,071
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(v) Net sales -- if Item 5(i) is
greater than Item 5(iv) [subtract
Item 5(iv) from Item 5(i)]: $ 2,498,750,860
-----------------
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(vi) Redemption credits available for
use in future years -- if Item
5(i) is less than Item 5(iv)
[subtract Item 5(iv) from Item 5(i) $( 0 )
-----------------
- ----------------------------------------------------------------------------
(vii) Multiplier for determining
registration fee (See Instruction
C.8): x .000295
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(viii) Registration fee due [multiply
Item 5(v) by Item 5(vii)] (enter
"0" if no fee is due): =$ 737,131.50
=================
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6. Interest due -- if this Form is being filed more than 90 days after the end
of the issuer's fiscal year (see instruction D):
+$ 0
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7. Total amount of the registration fee due plus any interest due
[Item 5(vii) plus Item 6]:
=$ 0
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8. Date the registration fee and any interest payment was sent to the
Commission's lockbox depository: March 18, 1998
Account Number: 0000352601
Method of Delivery:
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[X] Wire transfer
[ ] Mail or other means
SIGNATURES
This Form 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/ Rick Chase
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Rick Chase, Assistant Treasurer
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Dated: March 20, 1998
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* Please print the name and title of the signing officer below the
signature.
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Equity I Fund
Equity II Fund
Equity III Fund
Equity Q Fund
International Fund
Emerging Markets Fund
Equity T Fund
Fixed Income I Fund
Fixed Income II Fund
Fixed Income III Fund
Money Market Fund
Diversified Equity Fund
Special Growth Fund
Equity Income Fund
Quantitative Equity Fund
International Securities Fund
Real Estate Securities Fund
Diversified Bond Fund
Volatility Constrained Fund
Multistrategy Bond Fund
Limited Volatility Tax Free Fund
U.S. Government Money Market Fund
Tax Free Money Market Fund
Equity Balanced Strategy Fund
Aggressive Strategy Fund
Balanced Strategy Fund
Moderate Strategy Fund
Conservative Strategy Fund
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<CAPTION>
EXHIBIT B AGGREGATE SALE PRICE AGGREGATE PRICE
FUND NUMBER OF SHARES OF SECURITIES SOLD NUMBER OF SHARES DOLLARS REINVESTED OF SECURITIES SOLD
(A) (B) [(A)+(B)]
<S> <C> <C> <C> <C> <C>
Equity I 9,571,549 $ 318,926,605.00 8403086 $ 251,274,449.00 $ 570,201,054.00
Equity II 4,308,085 $ 138,816,106.00 1960489 $ 61,436,762.00 $ 200,252,868.00
Equity III 1,592,373 $ 53,105,282.00 1960469 $ 57,577,559.00 $ 110,682,841.00
Equity Q 8,963,097 $ 322,888,554.00 5185592 $ 181,290,822.00 $ 504,179,376.00
Fixed I 13,731,606 $ 290,844,536.00 1875831 $ 39,542,171.00 $ 330,386,707.00
Fixed II 7,036,585 $ 129,605,569.00 641394 $ 11,742,346.00 $ 141,347,915.00
Fixed III 16,294,869 $ 168,283,128.00 2096517 $ 21,580,122.00 $ 189,863,250.00
International 10,420,072 $ 390,495,921.00 1995915 $ 68,774,542.00 $ 459,270,463.00
Emerging Markets 14,335,518 $ 190,158,016.00 247790 $ 3,101,136.00 $ 193,259,152.00
Equity T 6,151,525 $ 77,842,503.00 32047 $ 433,594.00 $ 78,276,097.00
Money Market 8,643,687,722 $ 8,643,687,722.00 1300153 $ 1,300,153.00 $ 8,644,987,875.00
Diversified Equity 8,152,332 $ 378,954,046.00 3725976 $ 158,438,826.00 $ 537,392,872.00
Special Growth (Class S) 4,899,155 $ 218,414,199.00 1184723 $ 51,369,028.00 $ 269,783,227.00
Special Growth (Class C) 52,918 $ 2,414,652.00 2 $ 99.00 $ 2,414,751.00
Equity Income (Class S) 1,660,711 $ 73,122,240.00 911814 $ 36,860,520.00 $ 109,982,760.00
Equity Income (Class C) 11,673 $ 500,212.00 4 $ 178.00 $ 500,390.00
Quantitative Equity (Class S) 9,083,437 $ 338,710,044.00 3377852 $ 119,025,818.00 $ 457,735,862.00
Quantitative Equity (Class C) 57,845 $ 2,137,628.00 3 $ 102.00 $ 2,137,730.00
Diversified Bond (Class S) 12,348,179 $ 285,135,050.00 1005608 $ 23,212,199.00 $ 308,347,249.00
Diversified Bond (Class C) 71,904 $ 1,676,993.00 1 $ 14.00 $ 1,677,007.00
Volatility Constrained Bond 4,531,595 $ 86,344,318.00 318828 $ 6,058,602.00 $ 92,402,920.00
Multistrategy Bond 19,095,215 $ 195,040,097.00 2374545 $ 24,254,657.00 $ 219,294,754.00
International Securities (Class S) 5,602,508 $ 329,786,927.00 778773 $ 42,316,642.00 $ 372,103,569.00
International Securities (Class C) 15,385 $ 911,652.00 1 $ 48.00 $ 911,700.00
Limited Volatility Tax Free 2,531,242 $ 53,259,367.00 103927 $ 2,187,639.00 $ 55,447,006.00
Real Estate Securities (Class S) 7,684,555 $ 230,371,098.00 1795828 $ 53,609,701.00 $ 283,980,799.00
Real Estate Securities (Class C) 10,282 $ 312,091.00 2 $ 56.00 $ 312,147.00
U.S. Gov't Money Market 667,733,205 $ 667,733,205.00 9531602 $ 9,531,602.00 $ 677,264,807.00
Tax Free Money Market 267,746,557 $ 267,746,557.00 1922212 $ 1,922,212.00 $ 269,668,769.00
Equity Balanced Strategy 313,780 $ 3,028,465.00 27548 $ 244,906.00 $ 3,273,371.00
Aggressive Strategy 552,414 $ 5,431,416.00 35751 $ 329,624.00 $ 5,761,040.00
Balanced Strategy 358,855 $ 3,571,839.00 19490 $ 185,934.00 $ 3,757,773.00
Moderate Strategy 39,036 $ 387,800.00 1213 $ 11,694.00 $ 399,494.00
Conservative Strategy 2,231 $ 22,309.00 58 $ 573.00 $ 22,882.00
9,748,648,015 $ 13,869,767,601.00 52815044 $ 1,227,614,330.00 $15,097,381,931.00
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EXHIBIT C
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<CAPTION>
FUND NUMBER OF SHARES AGGREGATE PRICE OF
SECURITIES REDEEMED
<S> <C> <C>
Equity I (12,432,666) (416,468,295)
Equity II (3,821,843) (128,686,967)
Equity III (2,899,570) (93,209,130)
Equity Q (11,469,089) (424,121,094)
Fixed I (10,089,965) (213,616,474)
Fixed II (7,319,010) (135,131,042)
Fixed III (10,407,483) (107,669,883)
International (9,560,991) (360,640,598)
Emerging Markets (8,321,103) (108,152,054)
Equity T (165,626) (2,158,852)
Money Market (8,215,637,309) (8,215,637,309)
Diversified Equity (4,803,561) (223,677,073)
Special Growth (Class S) (3,197,051) (141,074,274)
Special Growth (Class C) (5,846) (276,164)
Equity Income (Class S) (1,899,152) (84,411,404)
Equity Income (Class C) (6,565) (288,276)
Quantitative Equity (Class S) (3,446,417) (203,662,362)
Quantitative Equity (Class C) (3,888) (155,726)
Diversified Bond (Class S) (8,175,529) (188,567,724)
Diversified Bond (Class C) (11,128) (260,391)
Volatility Constrained Bond (4,334,448) (82,601,508)
Multistrategy Bond (9,058,823) (92,355,378)
International Securities (Class S) (3,744,190) (219,850,134)
International Securities (Class C) (2,782) (161,903)
Limited Volatility Tax Free (1,870,802) (39,334,693)
Real Estate Securities (Class S) (4,804,495) (145,560,311)
Real Estate Securities (Class C) (1,234) (38,088)
U.S. Gov't Money Market (729,577,537) (729,577,537)
Tax Free Money Market (241,151,219) (241,151,219)
Equity Balanced Strategy (3,196) (30,112)
Aggressive Strategy (7,701) (75,895)
Balanced Strategy (2,777) (27,476)
Moderate Strategy (175) (1,727)
Conservative Strategy -- --
(9,310,233,171) (12,598,631,071)
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