MAXIM SERIES FUND INC
24F-2NT, 1998-01-21
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

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1.           Name and Address of Issuer:

              Maxim Series Fund, Inc.
              8515 East Orchard Road
              Englewood, Colorado 80111
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2.    The name of each  series or class of  securities  for  which  this Form is
      filed (If the Form is being filed for all series and classes of securities
      of the issuer, check the box but do not list series or classes): |_|

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

              Securities Act File Number:        2-75503
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4(a). Last day of fiscal year for which this notice is filed:

              October 31, 1997
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4(b). |_|  Check box if this Form is being filed late (i.e., more than
      90 calendar days after the end of the issuer's fiscal year). (See
      Instruction A.2)

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4(c). |_|   Check box if this is the last time the issuer will be filing
     this Form

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5. Calculation of registration fee:

      (i)  Aggregate sale price of
           securities sold during the
           fiscal year pursuant to section
           24(f):                                           $ 36,274,831

      (ii) Aggregate price of securities redeemed or
           repurchased during the fiscal
          year:                                             $  7,753,385

      (iii) Aggregate  price of securities  redeemed or  repurchased  during any
         prior  fiscal year ended no earlier than October 11, 1995 that were not
         previously used to reduce  registration fees payable to the Commission:
                                                            $ 0 .




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       (iv) Total available redemption credits [add Items 5(ii) and
             5(iii)]
                                                            $ 7,753,385
                                                            -------------

       (v)Net sales ---- if Item 5(i) is greater than Item 5(iv)[subtract  Item
         5(iv) from Item 5(i)]:                             $ 28,521,446
                                                            --------------
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      (vi) Redemption credits available for use in future years $ (0) .
           if Item 5(i) is less than Item 5(iv)             --------------
           [subtract Item 5(iv) from Item 5(i)]:

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      (vii) Multiplier for determining registration fee (see Instruction C.
         9):
         X         0.000295

      (viii) Registration fee due [multiply Item 5(v) by Item 5(vii)] 
               (enter "0" if no fee is due):                  $ 8,413.83
                                                             ------------

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6.           Prepaid Shares

      If the  response to Item 5(i) was  determined  by  deducting  an amount of
      securities that were registered  under the Securities Act of 1933 pursuant
      to rule 24e-2 as in effect before October 11, 1997, then report the amount
      of securities  (number of shares or other units)  deducted  here: N/A . If
      there is a number of shares or other units that were  registered  pursuant
      to rule 24e-2  remaining  unsold at the end of the  fiscal  year for which
      this  form is filed  that are  available  for use by the  issuer in future
      fiscal years, then state that number here: N/A .

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7.    Interest  due -- if this Form is being  filed  more than 90 days after the
      end of the issuer's fiscal year (see Instruction D):
                                   + $               0                  .
                                        ---------------------------------

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8. Total of the amount of the  registration  fee due plus any interest due [line
5(viii) plus line 7]:
                                        = $           8,413.83          .
                                             ----------------------------


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9.    Date  the  registration  fee an  any  interest  payment  was  sent  to the
      Commission's lockbox depository

            Method of Delivery:

                        |X| Wire Transfer
                        |_| Mail or other means

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                                   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)*                                /s/ G.R. Derback
                                                       G.R. Derback, Treasurer
                                                       Maxim Series Fund, Inc.

Date  1/12/98

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



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