FORM 24F-2
ANNUAL NOTICE OF SECURITIES SOLD
PURSUANT TO RULE 24F-2
1. Name and address of issuer:
Investors Research Fund
3757 State Street, Suite 204
Santa Barbara, CA 93105
2. 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): [] Common Stock
3. Investment Company Act File Number: 811-00861
Securities Act File Number: 002-14675
4. (a) Last day of fiscal year for which this Form is filed:
9/30/99
4. (b) [ ] Check box if this Form is being filed late (i.e.,
more than 90 days after the end of the issuer's
fiscal year).
NOTE: If the Form is being filed more than 90 days after the end
Of the issuer's fiscal year, interest must be paid on the
Registration fee due.
4. (c) [ ] Check box if this is the last time the issuer
will be filing this Form.
5. Calculation of registration fee
(i) Aggregate sale price of securities sold
during the fiscal year pursuant to
section 24(f): $916,105
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(ii) Aggregate price of securities redeemed
or repurchased during the fiscal year: $7,682,949
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(iii)Aggregate price of securities redeemed
or repurchased during any prior fiscal
year ending no earlier than October 11,
1995 that were not previously used to
reduce registration fees payable to
the Commission: $10,520,893
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(iv) Total available redemption credits
[add Items 5(ii) and 5(iii)] : -$18,203,842
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(v) Net sales--if Item 5(i) is greater
than Item 5(iv) [subtract Item 5(iv)
from Item 5(i)]: $-0-
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(vi) Redemption credits available for use in
future years-if Item 5(i) is less than
Item 5(iv)[subtract Item 5(iv) from
Item 5(i)]: $17,287,737
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(vii)Multiplier for determining registration
fee: x .000264
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(viii)Registration fee due (multiply Item 5(v)
by Item 5(vii)] enter "0" if no fee is due): = $-0-
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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 [effective date
of rescission of rule 24e-2], then report the amount of securities
(number of shares or other units) deducted here: $728,330. If there
are a number of shares 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: $-0-.
7. Interest due-if this Form is being filed more than 90 days after
the end of the issuer's fiscal year:
$-0-
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8. Total of the amount of the registration fee due plus any interest due
[Item 5(viii) plus Item 7]:
$-0-
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9. Date the registration fee and any interest payment was sent
to the Commission's lockbox depository:
Method of Delivery:
[ ] Wire Transfer
[ ] Mail or other means
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/ HUGH J. HAFERKAMP
-----------------------------------------
Hugh J. Haferkamp
President
Date 11/26/99
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