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November 22, 1995
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
RE: RULE 24F-2 NOTICE FOR KEYSTONE HARTWELL GROWTH FUND
(FORMERLY NAMED KEYSTONE AMERICA HARTWELL GROWTH FUND)
(THE "FUND"); REGISTRATION STATEMENT NO. 2-25215/811-1380)
Sirs and Madams:
Pursuant to Rule 24f-2(b)(1) under the Investment Company Act of 1940 (the
"Act"), you are hereby notified as follows:
(i) The fiscal year of the Fund for which this Notice is filed is the
year ended September 30, 1995.
(ii) The number of shares of the Fund registered under the Securities Act
of 1933 other than pursuant to Rule 24f-2 remaining unsold at the
beginning of such fiscal year was 86,165.
(iii) The number of shares of the Fund registered during such fiscal year
other than pursuant to Rule 24f-2 was 232,748.
(iv) The number of shares of the Fund sold during such fiscal year was
194,469:
Class A Shares Class B Shares Class C Shares Total
125,650 38,891 29,928 194,469
$2,354,839 $776,306 $588,072 $3,719,217
(v) The number of shares of the Fund sold during such fiscal year in
reliance upon registration pursuant to Rule 24f-2 was:
194,469
$3,719,217
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Securities and Exchange Commission
Page 2
November 22, 1995
* Pursuant to Rule 24f-2(c), the filing fee for
this Notice was calculated as follows:
(a) Actual aggregate sales price of
shares sold pursuant to Rule 24f-2
during the fiscal year: $3,719,217
(b) Reduced by the difference between:
(1) The actual aggregate redemption
price of shares of the Fund
redeemed during the fiscal
year: $4,210,024
and
(2) The actual aggregate redemption
price of such redeemed shares
previously applied pursuant to
Rule 24e-2(a) in filings made
pursuant to Section 24(e)(1) of
the Act: $ -0-
($490,807)
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(c) Net aggregate sales price: ($490,807)
(d) Fee computed at 1/29 of 1%: $ -0-
If you have any questions or would like further information, please call me
at (617) 338-3686.
Sincerely yours,
Melina M.T. Murphy
Assistant Secretary
Enclosure
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November 22, 1995
Keystone Hartwell Growth Fund
200 Berkeley Street
Boston, MA 02116-5034
RE: NOTICE PURSUANT TO RULE 24F-2 UNDER THE INVESTMENT COMPANY
ACT OF 1940 (1940 ACT)
Gentlemen:
I am a Senior Vice President of and General Counsel to Keystone
Investment Management company (formerly named Custodian Funds, Inc.), investment
adviser to Keystone Hartwell Growth Fund (the "Fund"). You have asked for my
opinion with respect to the issuance of an additional 194,469 shares of the Fund
under the Fund's Declaration of Trust, as amended and restated ("Declaration of
Trust"), and pursuant to the Fund's indefinite registration of its shares under
Rule 24f-2 under the 1940 Act. The Fund is filing its Rule 24f-2 Notice to which
this opinion is appended to make the issuance of such shares definite in number
for its fiscal year ended September 30, 1995.
To my knowledge, a Prospectus is on file with the Securities and
Exchange Commission as part of Post-Effective Amendment No. 49 to the
Registration Statement covering the public offering and sale of the Fund's
shares for the period during which such shares were issued.
In my opinion such shares, if issued and sold in accordance with the
Fund's Declaration of Trust, By-Laws, as amended ("By-Laws"), and offering
Prospectus, were legally issued, fully paid and nonassessable by the Fund,
entitling the holders thereof to the rights set forth in the Declaration of
Trust and By-Laws and subject to the limitations stated therein.
My opinion is based upon my examination of the Fund's Declaration of
Trust; a review of the minutes of the Fund's Board of Trustees, signed by the
Secretary of the Fund, authorizing the registration of shares pursuant to Rule
24f-2 under the 1940 Act and the issuance of such additional shares; and the
Fund's Prospectus. In my examination of such documents, I have assumed the
genuineness of all signatures and the conformity of copies to originals.
I hereby consent to the use of this opinion in connection with the
Fund's Rule 24f-2 Notice making definite the number of such additional shares
issued.
Sincerely yours,
Rosemary D. Van Antwerp
Senior Vice President
and General Counsel
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