February 28, 1994
VIA EDGAR
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street N.W.
Washington, DC 20549
Attn: Office of Filings, Information and Consumer Services
Re: Smith Barney Shearson Investment Funds Inc. (the "Company")
Rule 24f-2 Notice
File No. 2-74288
Dear Staff Member:
Pursuant to Rule 24f-2 under the Investment Company Act of 1940, as
amended, enclosed for filing on behalf of the Fund are the following:
1. One copy of the Fund's 24f-2 Notice for its fiscal year ended
December 31, 1993.
2. One copy of the legal opinion with respect to the Fund's shares,
the registration of which is made definite pursuant to the above-
mentioned Notice.
3. A wire transfer has been executed on behalf of the Smith Barney
Shearson European Fund for the fee required by Rule 24f-2:
Government Securities Fund $ 0.00
Investment Grade Bond Fund 0.00
Directions Value Fund 0.00
Special Equities Fund 0.00
European Fund 12,339.37
Kindly show receipt of this transmission through an acknowledgment
via Compuserve Mailbox Number 72741,322.
Sincerely,
/s/ Paul D. Furcinito
Paul D. Furcinito
Senior Legal Product Manager
Enclosures
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
RULE 24f-2 NOTICE
FOR
Smith Barney Shearson Investment Funds Inc.
Smith Barney Shearson Government Securities Fund
Smith Barney Shearson Investment Grade Bond Fund
Smith Barney Shearson Directions Value Fund
Smith Barney Shearson Special Equities Fund
Smith Barney Shearson European Fund
(Name of Registrant)
Two World Trade Center, New York, New York 10048
(Address of principal executive offices)
COMMON STOCK $.001 PAR VALUE PER SHARE
(Title of securities with respect to which Notice is filed)
File No. 2-74288
The following information is required pursuant to Rule 24f-2(b)(1):
(i). Period for which Notice is filed:
January 1, 1993 through December 31, 1993.
(ii) Number of Securities of the same class or series which had been
registered under the Securities Act of 1933 other than pursuant to
Rule 24f-2 which remained unsold at the beginning of such fiscal
year:
(1) Government Securities Fund
101,578,179.10 Shares
(2) Investment Grade Bond Fund
13,692,066.82 Shares
(3) Directions Value Fund
10,260,432 Shares
(4) Special Equities Fund
5,106,984.47 Shares
(of these shares, 2,422,037.44 are being used to reduce
the registration fee with respect to this Rule 24f-2 Notice, leaving
7,838,394.56 unsold)
(5) European Fund
0 Shares
(iii) Number of Amount of securities, if any, registered during such
fiscal year other than pursuant to Rule 24f-2:
(1) Government Securities Fund
27,777,500.40 Shares
(2) Investment Grade Bond Fund
657,719.25 Shares
(3) Directions Value Fund
3,658,451.57 Shares
(4) Special Equities Fund
717,869.34 Shares
(5) European Fund
281,857.30 Shares
(iv) Number and amount of securities sold during such fiscal year*:
(1) Government Securities Fund (2) Investment Grade Bond Fund
CLASS A CLASS A
1,054,136 Shares 814,955 Shares
$ 10,635,497.16 $ 10,549,728.17
CLASS B CLASS B
6,495,924 Shares 7,479,308 Shares
$ 65,355,298 $ 95,869,084
CLASS D CLASS D
20,640 Shares 15,619 Shares
$ 207,781 $ 209,421
(3) Directions Value Fund (4) Special Equities Fund
CLASS A CLASS A
440,287 Shares 1,956,806 Shares
$ 5,918,389.65 $32,308,829.10
CLASS B CLASS B
906,457 Shares 6,238,027 Shares
$ 12,414,682 $ 119,893,345
CLASS D
9,084 Shares
$ 204,530
(5) European Fund
CLASS A
1,006,830 Shares
$12,650,038
CLASS B
2,857,157 Shares
$ 36,736,827
* Excludes shares issued upon reinvestment of dividend
(v) Number and amount of securities sold during such fiscal year in
reliance upon registration pursuant to Rule 24f-2*: See Exhibit A
(1) Government Securities Fund (2) Investment Grade Bond Fund
CLASS A CLASS A
1,054,136 Shares 814,955 Shares
$ 10,635,497.16 $ 10,549,728.17
CLASS B CLASS B
6,495,924 Shares 7,479,308 Shares
$ 65,355,298 $ 95,869,084
CLASS D CLASS D
20,640 Shares 15,619 Shares
$ 207,781 $ 209,421
(3) Directions Value Fund (4) Special Equities Fund
CLASS A CLASS A
440,287 Shares 1,295,248.39 Shares
$ 5,918,389.65 $21,384,550.91
CLASS B CLASS B
906,457 Shares 4,486,607.12 Shares
$ 12,414,682 $ 86,232,558.84
CLASS D
24.05 Shares
$ 541.60
(5) European Fund
CLASS A
1,006,830 Shares
$12,650,038
CLASS B
2,857,157 Shares
$ 36,736,827
*Excludes shares issued upon reinvestment of dividends.
An opinion of counsel with respect to the legality of the above
shares accompanies this Notice.
DATED: December 31, 1993
SMITH BARNEY SHEARSON INVESTMENT FUNDS
INC.
By:
Christina Haage,
Assistant Treasurer
EXHIBIT A
GOVERNMENT SECURITIES FUND
The actual aggregate sales price for which Shares of the Fund
were sold and the actual redemption price of the Shares redeemed
during the fiscal year ended December 31, 1993 and the
calculation of the registration fee pursuant to Rule 24f-2(c) of
the Investment Company Act of 1940 is set forth below.
No portion of such aggregate redemption price has been applied by
the Registrant pursuant to Rule 24e-2(a) in a filing made
pursuant to Rule 24(e)(1) of the Investment Company Act of 1940.
Pursuant to Rule 24f-2(c), the registration fee with respect to
the Securities sold is calculated as follows: $76,198,576.16 -
($ 0 + 342,626,189.00) = (266,427,612.90) x .00034483 = $0
Therefore, no registration fee is required.
EXHIBIT A
INVESTMENT GRADE BOND FUND
The actual aggregate sales price for which Shares of the Fund
were sold and the actual redemption price of the Shares redeemed
during the fiscal year ended December 31, 1993 and the
calculation of the registration fee pursuant to Rule 24f-2(c) of
the Investment Company Act of 1940 is set forth below.
No portion of such aggregate redemption price has been applied by
the Registrant pursuant to Rule 24e-2(a) in a filing made
pursuant to Rule 24(e)(1) of the Investment Company Act of 1940.
Pursuant to Rule 24f-2(c), the registration fee with respect to
the Securities sold is calculated as follows: $ 106,628,233.17 -
($ 0 + 121,255,913.00) = ( 14,627,679.90) x .00034483 = $ 0
Therefore, no registration fee is required.
EXHIBIT A
DIRECTIONS VALUE FUND
The actual aggregate sales price for which Shares of the Fund
were sold and the actual redemption price of the Shares redeemed
during the fiscal year ended December 31, 1993 and the
calculation of the registration fee pursuant to Rule 24f-2(c) of
the Investment Company Act of 1940 is set forth below.
No portion of such aggregate redemption price has been applied by
the Registrant pursuant to Rule 24e-2(a) in a filing made
pursuant to Rule 24(e)(1) of the Investment Company Act of 1940.
Pursuant to Rule 24f-2(c), the registration fee with respect to
the Securities sold is calculated as follows: $ 18,333,071.65 -
($ 0 + 75,731,010.00) = (57,397,938.35) x .00034483 = $ 0
Therefore, no registration fee is required.
EXHIBIT A
SPECIAL EQUITIES FUND
The actual aggregate sales price for which Shares of the Fund
were sold and the actual redemption price of the Shares redeemed
during the fiscal year ended December 31, 1993 and the
calculation of the registration fee pursuant to Rule 24f-2(c) of
the Investment Company Act of 1940 is set forth below.
No portion of such aggregate redemption price has been applied by
the Registrant pursuant to Rule 24e-2(a) in a filing made
pursuant to Rule 24(e)(1) of the Investment Company Act of 1940.
Pursuant to Rule 24f-2(c), the registration fee with respect to
the Securities sold is calculated as follows: $ 152,406,704.10 -
($ 44,788,636.14 + 107,618,068.00) = 0 x .00034483 = $ 0
Therefore, no registration fee is required.
EXHIBIT A
EUROPEAN FUND
The actual aggregate sales price for which Shares of the Fund
were sold and the actual redemption price of the Shares redeemed
during the fiscal year ended December 31, 1993 and the
calculation of the registration fee pursuant to Rule 24f-2(c) of
the Investment Company Act of 1940 is set forth below.
No portion of such aggregate redemption price has been applied by
the Registrant pursuant to Rule 24e-2(a) in a filing made
pursuant to Rule 24(e)(1) of the Investment Company Act of 1940.
Pursuant to Rule 24f-2(c), the registration fee with respect to
the Securities sold is calculated as follows: $49,386,865.00 -
($ 0 + 13,602,952.00) = 35,783,913,00 x .00034483 = $ 12,339.37
Therefore, a registration fee for the amount calculated has been
wire transfered.
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