<PAGE>
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):
3. Investment Company Act File Number: 811-3153
Securities Act File Number: 2-71299
4(a). Last day of fiscal year for which this Form is filed:
12/31/99
4(b). [X] Check box if this Form is being filed late (i.e., more than 90 days
after the end of the issuer's fiscal year).
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.
4(c). [ ] Check box if this is the last time the issuer will be filing this
Form. N/A
5. Calculation of registration fee:
(i) Aggregate sale price of securities
sold during the fiscal year
pursuant to section 24(f): $ 29,507,876,345.00
(see attached Exhibit 1) -------------------
(ii) Aggregate price of securities
redeemed or repurchased during the
fiscal year (see Exhibit C) ($27,203,498,512.00)
-------------------
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(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)]: ($27,203,498,512.00)
------------------
(v) Net sales -- if Item 5(i) is
greater than Item 5(iv) [subtract
Item 5(iv) from Item 5(i)]: $ 2,304,377,833.00
------------------
(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 .000264
-------------------
(viii) Registration fee due [multiply
Item 5(v) by Item 5(vii)] (enter
"0" if no fee is due): = $ 608,355.75
===================
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):
+ $ 1,666.73
-------------------
7. Total amount of the registration fee due plus any interest due [Item
5(vii) plus Item 6]:
= $ 610,022.48
===================
8. Date the registration fee and any interest payment was sent to the
Commission's lockbox depository: April 20, 2000
Account Number: 910-8739
----------
Method of Delivery:
[X] Wire transfer
[ ] Mail or other means
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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
Rick Chase, Assistant Treasurer
-------------------------------
Dated: April 18, 2000
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* Please print the name and title of the signing officer below the signature.
<PAGE>
EXHIBIT 99.1
EXHIBIT 1
SEC REGISTRATION - 1999
<TABLE>
<CAPTION>
SHARES DIVIDEND SHARES
SOLD/ISSUED REINVESTMENT REPURCHASED CASHFLOW
FRIC FUNDS (a) (b) (c) (d)=(a+b-c)
- ------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Equity I I 524,846,194.61 145,014,832.71 518,303,863.82 151,557,163.50
Equity I E 51,240,355.59 4,159,720.61 5,805,278.98 49,594,797.22
Equity I Y
Equity II I 260,037,697.55 34,319,947.03 177,850,712.32 116,506,932.26
Equity II E 35,655,422.34 1,407,290.63 7,131,219.01 29,931,493.96
Equity II Y
Equity III I 55,750,691.19 15,141,548.60 94,785,860.87 (23,893,621.08)
Equity III E 9,866,749.40 577,161.03 1,591,539.83 8,852,370.60
Equity III Y
Fixed Income I I 402,032,770.76 54,266,469.05 310,432,757.78 145,866,482.03
Fixed Income I E 43,403,233.39 1,271,655.28 7,315,054.54 37,359,834.13
Fixed Income I Y
Short Term Bond S 397,530,575.53 20,215,779.92 432,403,776.45 (14,657,421.00)
Short Term Bond E 10,084,247.53 270,678.50 1,538,076.77 8,816,849.26
Short Term Bond C 1,907,284.93 22,239.67 1,119,605.00 809,919.60
International I 342,619,061.19 64,807,829.52 389,448,580.16 17,978,310.55
International E 31,654,516.72 1,313,854.43 7,643,545.68 25,324,825.47
International Y
Fixed Income III I 204,642,164.31 26,842,914.88 196,406,576.08 35,078,503.11
Fixed Income III E 3,101,918.68 104,010.68 709,421.64 2,496,507.72
Fixed Income III Y
Money Market T 21,077,851,251.71 50,168,028.84 20,706,309,716.16 421,709,564.39
Equity Q I 402,155,727.33 176,156,898.99 437,835,104.74 140,477,521.58
Equity Q E 38,091,730.87 4,077,267.17 10,725,568.40 31,443,429.64
Equity Q Y
Emerging Markets S 140,982,144.18 2,639,322.75 152,293,937.55 (8,672,470.62)
Emerging Markets E 8,574,611.85 12,647.93 3,674,301.24 4,912,958.54
Emerging Markets C 1,465,830.83 366.33 167,473.50 1,298,723.66
Tax Managed Large Cap S 237,975,377.87 2,509,751.59 43,064,196.53 197,420,932.93
Tax Managed Large Cap C 349,436.44 1,111.73 47,732.62 302,815.55
Tax Managed Small Cap S 27,851,689.39 0.00 487,572.32 27,364,117.07
Tax Managed Small Cap C 240,107.01 0.00 29,050.03 211,056.98
Diversified Equity S 440,700,374.61 127,170,528.35 450,865,230.00 117,005,672.96
Diversified Equity E 9,964,657.84 1,251,360.00 8,037,011.75 3,179,006.09
Diversified Equity C 15,432,439.61 1,252,073.39 1,856,159.56 14,828,353.44
Real Estate Securities S 247,786,345.64 34,444,124.85 227,746,357.17 54,484,113.32
Real Estate Securities E 9,450,876.85 312,099.06 2,587,822.44 7,175,153.47
Real Estate Securities C 2,033,787.71 59,646.62 227,264.14 1,866,170.19
Special Growth S 222,630,054.63 34,120,596.85 238,216,492.65 18,534,158.83
Special Growth E 4,106,850.43 308,601.13 5,986,057.93 (1,570,606.37)
Special Growth C 5,765,498.85 342,464.46 629,352.38 5,478,610.93
Equity Income S 62,668,123.33 18,018,791.24 121,986,225.83 (41,299,311.26)
Equity Income E 854,988.78 81,645.23 522,270.89 414,363.12
Equity Income C 1,521,771.68 68,589.23 478,871.26 1,111,489.65
Diversified Bond S 346,135,215.22 31,387,247.63 356,342,923.87 21,179,538.98
Diversified Bond E 3,336,464.21 226,473.57 4,228,774.92 (665,837.14)
Diversified Bond C 5,278,424.69 108,525.62 564,457.80 4,822,492.51
Volatility Constrained S 0.00 0.00 0.00 0.00
International Securities S 289,151,145.25 45,572,150.28 357,980,163.02 (23,256,867.49)
International Securities E 2,885,159.85 244,374.55 3,101,765.68 27,768.72
International Securities C 6,967,060.62 329,260.28 758,961.08 6,537,359.82
Multistrategy Bond Fund S 231,503,881.55 25,159,102.73 210,087,844.07 46,575,140.21
Multistrategy Bond Fund E 1,968,428.14 174,341.25 1,293,714.31 849,055.08
Multistrategy Bond Fund C 7,563,813.52 139,269.45 826,445.62 6,876,637.35
U.S. Gov't. Money Market T 539,953,678.33 7,535,578.05 523,557,852.41 23,931,403.97
Tax Exempt Bond S 95,714,734.92 4,417,039.19 98,546,321.75 1,585,452.36
Tax Exempt Bond E 6,103,456.73 12,977.76 3,153,047.68 2,963,386.81
Tax Exempt Bond C 722,134.85 6,618.56 243,299.37 485,454.04
Tax Free Money Market T 486,976,237.67 4,432,871.42 439,388,797.08 52,020,312.01
Quantitative Equity S 468,506,161.19 146,301,474.77 476,897,253.21 137,910,382.75
Quantitative Equity E 4,482,832.09 868,459.44 5,391,670.25 (40,378.72)
Quantitative Equity C 14,227,038.37 1,297,102.26 1,830,988.23 13,693,152.40
Aggressive Strategy E 107,829,313.83 5,705,859.09 23,658,743.58 89,876,429.34
Aggressive Strategy D 5,173,737.02 196,765.83 3,547,495.01 1,823,007.84
Aggressive Strategy C 28,710,463.68 513,770.51 1,831,084.86 27,393,149.33
Balanced Strategy E 162,202,404.56 12,726,960.89 57,343,595.01 117,585,770.44
Balanced Strategy D 7,761,358.92 279,747.59 4,289,414.94 3,751,691.57
Balanced Strategy C 38,468,392.87 774,941.42 1,579,216.44 37,664,117.85
Moderate Strategy E 33,625,382.03 1,938,598.33 9,947,211.17 25,616,769.19
Moderate Strategy D 2,110,424.68 75,005.14 2,646,865.77 (461,435.95)
Moderate Strategy C 4,515,652.63 95,232.31 575,763.92 4,035,121.02
Conservative Strategy E 16,886,081.32 915,577.87 5,163,669.60 12,637,989.59
Conservative Strategy D 1,171,630.42 57,686.15 833,393.20 395,923.37
Conservative Strategy C 1,729,013.24 44,406.51 67,105.42 1,706,314.33
Equity Balanced Strategy E 111,250,337.73 7,739,847.61 34,267,607.94 84,722,577.40
Equity Balanced Strategy D 3,495,408.76 162,828.27 5,425,507.94 (1,767,270.91)
Equity Balanced Strategy C 16,146,442.96 325,929.83 1,867,918.46 14,604,454.33
- ------------------------------------------------------------------------------------------------------------------------------
TOTAL 28,385,378,473 1,122,497,872 27,203,498,512 2,304,377,834
========================================================================================================----------------------
Rate: 0.000264 608,355.75
======================
</TABLE>
