ALGER FUND
485BPOS, 1996-12-02
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              As filed with the Securities and Exchange Commission
                               on October 4, 1996

                         Securities Act File No. 33-4959
                    Investment Company Act File No. 811-6880

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington D. C. 20549

          REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933     |X|

                        Pre-Effective Amendment No.                   | |

                      Post-Effective Amendment No. 22                 |X|

                                     and/or

      Registration Statement Under the Investment Company Act of 1940 |X|

                              Amendment No. 24                        |X|

                        (Check appropriate box or boxes)

                                 THE ALGER FUND
- --------------------------------------------------------------------------------
               (Exact Name of Registrant as Specified in Charter)

           75 MAIDEN LANE
           NEW YORK, NEW YORK                                   10038
- --------------------------------------------------------------------------------
(Address of Principal Executive Offices)                     (Zip Code)

Registrant's Telephone Number, including Area Code: 212-806-8800

                              MR. GREGORY S. DUCH
                          FRED ALGER MANAGEMENT, INC.
                                 75 MAIDEN LANE
                               NEW YORK NY 10038
- --------------------------------------------------------------------------------
                    (Name and Address of Agent for Service)

                                Page 1 of _____ Pages
                           Exhibit Index at Page_____
<PAGE>

It is proposed that this filing will become effective (check appropriate box):

| |  immediately upon filing pursuant to paragraph (b), or

|X|  on December 31, 1996 pursuant to paragraph (b), or

| |  60 days after filing pursuant to paragraph (a), or

| |  on [date] pursuant to paragraph (a) of Rule 485

|X|  This post-effective  amendment  designates  a  new  effective  date  for a 
     previous post-effective amendment.

                                   ----------

                       DECLARATION PURSUANT TO RULE 24f-2

     Registrant  has  registered  an  indefinite  number or amount of securities
under the Securities Act of 1933, as amended, pursuant to Rule 24f-2(a)(1) under
the  Investment  Company  Act of 1940,  as  amended.  The Rule 24f-2  Notice for
Registrant's fiscal year ended October 31, 1995 was filed on December 28, 1995.

<PAGE>

                       Designation of New Effective Date
                         for Previously filed Amendment

     Post-Effective  Amendment Number 21 under the Securities Act of 1933 and 23
under the  Investment  Company Act of 1940 was filed  pursuant to Rule 485(a) on
October 4, 1996 and  pursuant to that rule would  become  effective  December 3,
1996.

     The Registrant  hereby  designates  December 31, 1996 as the date when such
amendment shall become effective.

     All information  contained in the  Registrant's  Registration  Statement as
previously filed through Post-Effective  Amendments Nos. 21 under the Securities
Act of 1933 and 23 under the Investment  Company Act of 1940 are incorporated by
reference without change.

<PAGE>

                                   SIGNATURES

     Pursuant  to  the  requirements  of the  Securities  Act of  1933  and  the
Investment  Company  Act of 1940,  as amended,  Registrant  has duly caused this
Amendment  to  be  signed  on  its  behalf  by  the  undersigned,  thereto  duly
authorized,  in the  City of New  York  and  State of New York on the 2nd day of
December, 1996.

                                        THE ALGER FUND
                                        
                                        By: /s/David D. Alger President
                                               ------------------------
                                               David D. Alger President


ATTEST: /s/Gregory S. Duch, Treasurer
           --------------------------
           Gregory S. Duch, Treasurer


     Pursuant to the  requirements of the Securities Act of 1933, this Amendment
has been signed  below by the  following  persons in the  capacities  and on the
dates indicated.

Signature                    Title                              Date
- ---------                    -----                              ----

*                            Chairman of the Board              December 2, 1996
- ------------------------     
Fred M. Alger
                            
/s/David D. Alger            President and Trustee              December 2, 1996
- ------------------------     (Chief Executive Officer)
David D. Alger

/s/Gregory Duch              Treasurer                          December 2, 1996
- ------------------------     (Chief Financial and Accounting
Gregory Duch                 Officer)

*                            Trustee                            December 2, 1996
- ------------------------
Nathan E. Saint-Amand

*                            Trustee                            December 2, 1996
- ------------------------
Stephen E. O'Neil

*                            Trustee                            December 2, 1996
- ------------------------
Arthur M. Dubow

*                            Trustee                            December 2, 1996
- ------------------------
John T. Sargent

*By: /s/Gregory S. Duch
     -------------------
Gregory S. Duch
Attorney-in-Fact



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