MAXIM SERIES FUND INC
24F-2NT, 1995-12-27
DRILLING OIL & GAS WELLS
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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

1.    Name and Address of Issuer:

      Maxim Series Fund, Inc.
      8515 East Orchard Road
      Englewood, CO 801112.Name of each series or class of funds for which this
 notice is filed:

      Maxim Vista Growth & Income Portfolio3.Investment Company Act File 
Number:  811-3364

      Securities Act File Number:  2-75503<PAGE>
4.Last day of fiscal year for 
which this notice is filed:

      October 31, 19955.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 24f-2 declaration:
      
6.   Date of termination of issuer's declaration under rule 24f-2(a)(1),
      if applicable (see Instruction A.6):

                N/A7.Number and amount 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 in a prior year, but which remained unsold at the
      beginning of the fiscal year:

                N/A8.Number and amount of securities registered during the 
fiscal year
      other than pursuant to rule 24f-2:

                N/A9.Number and aggregate sale price of securities sold 
during the fiscal
      year:
           Number of securities sold:  50,481,605
           Aggregate price:  $54,737,972<PAGE>
10.Number and aggregate sale price 
of securities sold during the fiscal
      year in reliance upon registration pursuant to rule 24f-2:
           Number of securities sold:  50,481,605
           Aggregate price:  $54,737,972.0011.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<PAGE>
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):
$    54,737,972.00    
      (ii) Aggregate price of shares issued in connection with dividend
      reinvestment plans (from Item 11, if applicable):
+          N/A        
      (iii) Aggregate price of shares redeemed or repurchased during the
      fiscal year (if applicable):
- -    10,483,734.00    
      (iv) Aggregate price of shares redeemed or repurchased and previously
      applied as a reduction to filing fees pursuant to rule 24e-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):
   44,254,238.00    
      (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)]:
        3,615.08    
____________________

      Instruction:  Issuer should complete lines (ii), (iii), (iv), and (v)
      only if the form is being filed within 60 days after the close of the
      issuer's fiscal year.  See Instruction C.3.
13.  Check box if fees are being remitted to the Commission's lockbox
      depository as described in section 3a of the Commissions Rules of
      Informal and Other Procedures (17 CFR 202.3a).         

      Date of mailing or wire transfer of filing fees to the Commission's
      lockbox depository:
                          SIGNATURES

This report 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)*      ________________________________
                               G.R. Derback, Treasurer
                               Maxim Series Fund, Inc.         

Date  _________________

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



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