MUTUAL SELECTION FUND INC
NT-NSAR, 1996-02-29
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                       Form 12b-25
            U.S. Securities and Exchange Commission
                  Washington, D.C. 20549


                       Form 12b-25
                  NOTIFICATION OF LATE FILING

 ( )Form 10-K ( )Form 20-F ( )Form 11-K ( )Form 10-Q (X)Form N-SAR
              For period ended 12-31-95

              ( )Transition Report on Form 10-K
              ( )Transition Report on Form 20-F
              ( )Transition Report on Form 11-K
              ( )Transition Report on Form 10-Q
              ( )Transition Report on Form N-SAR
               For the Transition Period ended________________

          Nothing in this form shall be construed to imply
     that the Commission has verified any information contained
     herein.

           If the notification relates to a portion of the filing
checked above, identify the Item(s) to which the notification
relates:_____________________________________


Part I Registration Information

      Full Name of Registrant: Mutual Selection Fund, Inc.
                               File 811-2300
      Former Name If Applicable:__________________________
      Address of Principal Executive Office (Street & Number):
              26l0 Park Avenue
              Muscatine, IA 5276l

Part II Rules 12b-25(b) and (c)

	If the subject report could not be filed without
reasonable effort or expense and the registrant seeks relief
pursuant to Rule 12b-25(b), the following should be completed.
(Check box if appropriate.)

(X) (a) The reasons described in reasonable detail in Part III
        of this form could not be eliminated without reasonable
        effort or expense;

(X) (b) The subject annual report, semi-annual report, transition
        report on Form 10-K, Form 20-F, 11-K, or Form N-SAR, or
        portion thereof will be filed on or before the fifteenth
        calendar day following the prescribed due date; or the
        subject quarterly report or transistion report on Form
        10-Q, or portion thereof will be filed on or before the
        fifth calendar day following the prescribed due date; 
        and

( )     The accountant's statement or other exhibit required by
        Rule 12b-25(c) has been attached if applicable.

Part III Narative
         State below in reasonable detail the reasons why 
         Form 10-K, 20-F, 11-K, 10-Q, N-SAR or the transition report
         or portion thereof could could not be filed within the
         prescribed time period.
            
            This is our first electronic filing.  N-Sar software
         2.0 not compatible with EDGARlink 4.40.  We have ordered
         updated N-SAR software.

Part IV Other Information

        (1) Name and telephone number of person to contact in
            regard to this notification:

                   Jane A. Miller 3l9 264-8000, ext. 372

        (2) Have all other periodic reports required under
            Section 30 of the Investment Company Act of 1940
            during the preceding 12 months or for such shorter
            period that the registrant was required to file
            such report(s) been filed?  If the answer is no,
            identify report(s).
                                     (X) Yes    ( ) No

        (3) Is it anticipated that any significant change in
            results of operations from the corresponding period
            for the last fiscal year will be reflected by the
            earnings statements to be included in the subject
            report or portion thereof?

                                      ( ) Yes    (X) No

            If so; attach an explanation of the anticipated
            change, both narratively and quantitatively, and,
            if appropriate, state the reasons why a reasonable
            estimate of the results cannot be made.

            
            MUTUAL SELECTION FUND, INC.
              (Name of Registrant as specified in charter)

            has caused this notification to be signed on its behalf
            by the undersigned thereunto duly authorized.

            Date 2-29-96          By David M. Stanley
                                     President



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