February 28,
1995
Securities and Exchange Commission
450 Fifth Street, NW
Washington, DC 20549
Attn.: Mr. Frank Donaty, Jr.
Mrs. Patricia P. Williams
Re: Daily Cash Accumulation Fund, Inc./Reg. No. 2-46891;
811-2346
To the Securities and Exchange Commission:
Enclosed for your information and files is a copy of an
electronic
("EDGAR") filing made pursuant to Rule 24f-2 of the Investment
Company Act
of 1940 (the "1940 Act") on February 27, 1995 on behalf of Daily
Cash
Accumulation Fund, Inc. (the "Fund") accompanied by an opinion of
counsel
for the registration of additional shares of the Fund. No filing
fee is
payable. The Fund has previously registered an indefinite number
of
shares pursuant to Rule 24f-2.
The purpose of the Notice is to make definite the
registration of
7,074,792,010 shares in reliance on Rule 24f-2
Very truly
yours,
/s/ Katherine
P. Feld
Katherine P.
Feld
Vice
President &
Associate
Counsel
(212)
323-0252
KPF/gl
Enclosures
cc: Allan B. Adams, Esq.
Lynn Coluccy
Gloria LaFond
SEC/140.24F
<PAGE>
Rule 24f-2 Notice for Daily Cash Accumulation Fund, Inc.
3410 South Galena Street, Denver, CO 80231
(Registration No. 2-46891, File No. 811-2346)
NOTICE IS HEREBY GIVEN that Daily Cash Accumulation Fund,
Inc. having
previously filed by post-effective amendment of its registration
statement
a declaration that an indefinite number of its shares of capital
stock,
par value $.10 per share, were being registered pursuant to Rule
24f-2 of
the Investment Company Act of 1940, now elects to continue such
indefinite
registration.
(i) This Notice is being filed for the fiscal year
ended December
31, 1994.
(ii) 11,129,284,897 shares which had been registered
other than
pursuant to this Rule remained unsold at the
beginning of the
above fiscal year.
(iii) 575,623,789 shares were registered other than
pursuant to this
Rule during the above fiscal year.
(iv) The number of shares sold during the above fiscal
year was
7,074,792,010. (1)
(v) 7,074,792,010 shares were sold during the above
fiscal year in
reliance upon registration pursuant to this Rule.
Pursuant to the requirements of the Investment Company Act
of 1940,
the undersigned registrant has caused this notice to be signed on
its
behalf this 22nd day of February, 1995.
Daily Cash
Accumulation Fund, Inc.
By /s/ Robert G. Zack
Robert G. Zack, Assistant
Secretary
________________
(1) The calculation of the aggregate sales price is made pursuant
to Rule
24f-2 of the Investment Company Act of 1940. Based upon an actual
aggregate sales price for which such securities were sold during
the
previous fiscal year of $7,074,792,010, reduced by an actual
redemption
price of securities of the issuer redeemed during such previous
fiscal
year of $7,826,247,089, no filing fee is payable. Shares redeemed
in
excess of shares sold during the fiscal year ended December 31,
1994 to
be re-registered pursuant to Rule 24e-2 total 751,455,079.
SEC/140.24F
<PAGE>
MYER, SWANSON, ADAMS & WOLF,
P.C.
Attorney At Law
The Colorado State Bank
Building
1600 Broadway - Suite 1850
Denver, Colorado 80202-4918
Telephone (303) 866-9800
Facsimile (303) 866-9818
February 22, 1995
Daily Cash Accumulation Fund, Inc.
3410 South Galena Street
Denver, Colorado 80231
Gentlemen:
This is to certify that we have examined the Articles of
Incorporation of
Daily Cash Accumulation Fund, Inc., (the "Fund") as amended, and
its by-
laws, as amended. From such investigation, we can advise as
follows:
1. That the Fund is duly organized under the laws of
the State of
Maryland and is a de jure corporation in good standing under the
laws of
the State of Maryland.
2. That the Fund is authorized by its Articles of
Incorporation to
issue Fifteen Billion (15,000,000,000) shares of stock having a par
value
of Ten Cents ($.10) per share, the same being all of one class.
3. We are informed that the number of shares sold
during the year
ending December 31, 1994 in reliance upon registration pursuant to
Rule
24f-2 under the Investment Act of 1940, as amended, was
7,074,792,010.
It is our opinion that the foregoing shares were legally issued,
fully
paid and non-assessable shares.
Sincerely,
/s/ Allan B. Adams
Allan B. Adams
of MYER, SWANSON, ADAMS &
WOLF, P.C.
