UNITED STATES
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: Pilgrim America Investment Funds, Inc.
40 North Central Avenue, Suite 1200
Phoenix, Arizona 85004
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): X
3. Investment Company Act File Number: 811-1939
Securities Act File Number: 2-34552
4(a). Last day of fiscal year for which this Form is filed: 06/30/98
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)
Note: If the form is being filed late, 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:
<TABLE>
<S> <C> <C> <C>
(i) Aggregate sale price of securities sold
during the fiscal year pursuant to
section 24(f): $ 538,643,938
(ii) Aggregate price of securities redeemed or
repurchased during the fiscal year: $ 270,226,393
(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: $ 0
(iv) Total available redemption credits [add
items 5(ii) and 5(iii)]: -$270,226,393
(v) Net sales--if Item 5(i) is greater than
Item 5(iv) [subtract Item 5(iv) from
Item 5(i)]: $ 268,417,545
(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)]: $ 0
(vii) Multiplier for determining registration
fee (See Instruction C.9) x .000295
(viii) Registration fee due [multiply Item 5(v)
by Item 5(vii)] (enter "0" if no fee is
due): =$ 79,183.18
</TABLE>
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: _______. 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: __________.
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
8. Total of the amount of the registration fee due plus
any interest due [line 5(viii) plus line 7]: = $ 79,183.18
9. Date the registration fee and any interest payment was
sent to the Commission's lockbox depository: September 25, 1998
Method of Delivery:
X 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)*
Robyn L. Ichilov, Treasurer
Date: September 25, 1998
*Please print the name and title of the signing officer below the signature.
