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:
Permanent Portfolio Family of Funds, Inc.
625 Second Street, Suite 102
Petaluma, California 94952
2. Name of each series or class of funds for which this notice is filed:
Permanent Portfolio Family of Funds, Inc., includes four series:
the Permanent Portfolio; the Treasury Bill Portfolio;
the Versatile Bond Portfolio; and the Aggressive Growth Portfolio
3. Investment Company Act File Number: 811-3379
Securities Act File Number: 2-75661
4. Last day of fiscal year for which this notice is filed: January 31, 1996
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 24f-2
declaration:
[ ]
6. Date of termination of issuer's declaration under rule 24f-2(a)(1), if
applicable (see Instruction A.6):
7. 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 fiscal year, but which remained unsold at the beginning of
the fiscal year: 0
8. Number and amount of securities registered during the fiscal year other than
pursuant to rule 24f-2: 0
9. Number and aggregate sale price of securities sold during the fiscal year:
$64,833,480
10. Number and aggregate sale price of securities sold during the fiscal year
in reliance upon registration pursuant to rule 24f-2:
$64,833,480
<PAGE>
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):
$ 5,140,608
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):
$ 64,833,480
-----------
(ii) Aggregate price of shares issued in connection with dividend
reinvestment plans (from Item 11, if applicable):
+ 5,140,608
-----------
(iii)Aggregate price of shares redeemed or repurchased during the fiscal year
(if applicable):
- 83,195,474
-----------
(iv) Aggregate price of shares redeemed or repurchased and previously applied
as a reduction to filing fees pursuant to rule 24e-2 (if applicable):
+ 0
-----------
(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):
(13,221,386)
-----------
(vi) Multiplier prescribed by Sectin 6(b) of the Securities Act of 1933 or
other applicable law or regulation (see Instruction C.6):
x
-----------
(vii)Fee due [line (i) or line (v) multiplied by line (vi)]:
100
------------
------------
(Minimum Fee)
Instruction: Issuers 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 Commission's 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)* /s/ Michael Joseph Cuggino
------------------------------------------------------
Michael J. Cuggino, Treasurer
------------------------------------------------------
Date 3-27-96
--------
* Please print the name and title of the signing officer below the signature.
<PAGE>
LAW OFFICES OF
MARTIN & HUDSON
625 SECOND STREET
SUITE 102
PETALUMA, CALIFORNIA 94952
TELEPHONE (707) 778-3590 FAX (707) 778-8804
March 25, 1996
Permanent Portfolio Family of Funds, Inc.
625 Second Street, Suite 102
Petaluma, California 94952
Gentlemen:
At your request, we have examined the Registration Statement on Forms N-1
and N-1A (File No. 2-75661), as amended by Amendments No. 1, 2 and 3 and
Post-Effective Amendments No. 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15,
16, 17, 18 and 19 (collectively, the "Registration Statement"), which you (the
"Company") have filed with the Securities and Exchange Commission (the
"Commission") in connection with the registration under the Securities Act of
1933, as amended, and the Investment Company Act of 1940, as amended (the "1940
Act"), of an indefinite amount of shares of your authorized but unissued common
stock, $.001 par value per share, in four portfolios, the Permanent Portfolio,
the Treasury Bill Portfolio, the Versatile Bond Portfolio and the Aggressive
Growth Portfolio (the "Stock") and the Rule 24f-2 Notice (the "Notice") to be
filed with the Commission with respect to the amount of Stock which the Notice
makes definite in number for the fiscal year February 1, 1995 through January
31, 1996 (the "1995 Stock").
In rendering this opinion, we have examined the Company's Articles of
Incorporation, as amended, the Company's Bylaws, as amended, and the minutes of
all meetings and written consents of the Company's board of directors and
stockholders at which resolutions (the "Resolutions") pertaining to the 1995
Stock were adopted.
On the basis of the foregoing examination and solely in reliance thereon,
we are of the opinion that, assuming receipt by the Company of payment in full
therefor, the shares of the 1995 Stock issued pursuant to the Registration
Statement were duly and legally issued, fully paid and nonassessable.
We are admitted to practice law in the State of California and the Company
is incorporated under the laws of the State of Maryland; and we do not purport
to be an expert in the laws of any other states. Accordingly, the opinion
expressed above is qualified to that extent. Further, we express no opinion as
to compliance with the securities or "blue sky" laws of any state in which the
shares of the 1994 Stock were offered and sold or as to the effect, if any,
which non-compliance with such laws might have on the validity of issuance of
the 1995 Stock.
<PAGE>
Permanent Portfolio Family
of Funds, Inc.
March 25, 1996
Page 2
We consent to the filing of this opinion as an exhibit to the Notice and to
the references to this firm in the Notice, and we consent to the filing of this
opinion as an exhibit to any filing made under any state securities act for the
purpose of making definite, registering, qualifying or obtaining an exemption
from registration or qualification of the securities described in the
Registration Statement in connection with the offering described therein. This
opinion is intended solely for such purposes and may not be relied upon for any
other purpose whatsoever.
Respectfully submitted,
/s/ Robert B. Martin, Jr.
Robert B. Martin, Jr.
of MARTIN & HUDSON
RBM:mm
