NEW ALTERNATIVES FUND INC
24F-2NT, 1997-02-12
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                                   FORM 24F2
                       Annual Notice of Securities Sold
                            Pursuant to Rule 24f-2



1.   Name and address of issuer: New Alternatives Fund Inc.
                                 150 Broadhollow Rd
                                 Melville, NY 11747


2.   Name of each series or class of funds for which this notice is filed:


3.   Investment Company Act File Number: 811-3287

         Securities Act File Number: 2-74436


4.   Last day of fiscal year for which this notice is filed: 12/31/96


5.   Check box if this notice is being filed more than 180 days after the
     close of the issuer's fiscal year for purposes of reporting
     securities sold after the close of the fiscal year but before
     termination of the issuer's 24-f2 declaration:

                             [ ]

6.   Date of termination of issuer's declaration under rule 24-f2 (a)(1), 
     if applicable (see Instruction A.6):


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7.   Number and amount of securities of the same class of series which had
     been registered under the Securities Act of 1933 other than pursuant
     to rule 24f-2 in a prior fiscal year, but which remained unsold at
     the beginning of the fiscal year:

                              Indefinite


8.   Number and amount of securities registered during the fiscal year other
     than pursuant to rule 24f-2:

                               N/A


9.   Number and aggregate sale price securities sold during the fiscal year:

                             $2,427,524.58


10.  Number and aggregate sale price securities sold during the fiscal year in
     reliance upon registration pursuant to rule 24f-2:

                             $2,427,524.58


11.  Number and aggregate sale price of securities issued during the
     fiscal year in connection with dividend reinvestment plans, if
     applicable (see Instruction B.7):

                             N/A


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12.  Calculation of registration fee:

         (i)      Aggregate sale price of securities sold during the fiscal
                  year in reliance on rule 24f-2 (from Item 10):

                               $2,427,524.58

         (ii)     Aggregate price of share issued in connection with dividend
                  reinvestment plans (from Item 11, if applicable):

                               + N/A

         (iii)    Aggregate price of shares redeemed or repurchase during the
                  fiscal year (if applicable):

                               - N/A


         (iv)     Aggregate price of shares redeemed or repurchased and
                  previously applied as a reduction to filing fees pursuant to
                  rule 24-e-2 (if applicable):

                              + N/A

         (v)      Net aggregate price of securities sold and issued during the
                  fiscal year in reliance on rule 24F-2 {line (i), plus line
                  (ii), less line (iii), plus line (iv)} (if applicable):

                              $2,427,524.58

         (vi)     Multiplier prescribed by Section 6(b) of the Securities Act
                  of 1933 or other applicable law or regulation (see
                  Instruction C.6):

                              X 1/2900

         (vii)    Fee due {line (i) or line (v) multiplied by line (vi)}:

                              $837.08
                              ---------------------------------

Instructions: Issuers should complete lines (ii), (iii), (iv), and (v)
              only if the form is being filed within 60 days after the close
              of the issuers's fiscal year. See Instruction C.3.


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13.  Check box if fees are being remitted to the Commission's lockbox
     depository as described in section 3a of the Commission's Rules of
     Informal and Other Procedures (17 CFR 202.3a).

                                    [X]

     Date of mailing or wire transfer of filing fees to the Commissions's 
     lockbox depository:     February 4th, 1997


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                                  SIGNATURES


This report has been signed below by the following persons on behalf of the
issuer and the capacities and on the dates indicated.

By: (Signature and Title)* /S
                             ------------------------------------------------
                                      David J Schoenwald, President


Date:  February 7th, 1997

          *Please print the name and title of the signing officer below the
           signature.




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