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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24f-2
ANNUAL NOTICE OF SECURITIES SOLD
PURSUANT TO RULE 24f-2
READ INSTRUCTIONS AT END OF FORM BEFORE PREPARING FORM.
PLEASE PRINT OR TYPE.
________________________________________________________________________________
1. Name and address of issuer:
AIM SUMMIT FUND, INC.
11 GREENWAY PLAZA, SUITE 1919
HOUSTON, TEXAS 77046-1173
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2. Name of each series or class of funds for which this notice is filed:
AIM SUMMIT FUND, INC.
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3. Investment Company Act File Number: 811-3443
Securities Act File Number: 2-76909
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4. Last day of fiscal year for which this notice is filed: OCTOBER 31, 1995
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5. Check box if this notice is being filed more than 180 days after the close
of the issuer's fiscal year for purposes of reporting securities sold after the
close of the fiscal year but before termination of the issuer's 24f-2
declaration:
[ ]
________________________________________________________________________________
6. Date of termination of issuer's declaration under rule 24f-2(a)(1), if
applicable (see Instruction A.6):
________________________________________________________________________________
7. Number and amount of securities of the same class or series which had been
registered under the Securities Act of 1933 other than puruant to rule 24f-2 in
a prior fiscal year, but which remained unsold at the beginning of the fiscal
year:
--0-- --0--
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8. Number and amount of securities registered during the fiscal year other
than pursuant to rule 24f-2:
--0-- --0--
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9. Number and aggregate sale price of securities sold during the fiscal year:
14,611,953 $141,920,998
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10. Number and aggregate sale price of securities sold during the fiscal year
in reliance upon registration pursuant to rule 24f-2:
14,611,953 $141,920,998
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11. Number and aggregate sale price of securities issued during the fiscal
year in connection with dividend reinvestment plans, if applicable (see
Instruction B.7):
________________________________________________________________________________
12. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the
fiscal year in reliance of rule 24f-2 (from Item 10): $141,920,998
____________
(ii) Aggregate price of shares issued in connection with
dividend reinvestment plan (from Item 11, if
applicable): +
____________
(iii) Aggregate price of shares redeemed or repurchased
during the fiscal year (if applicable): - 65,375,064
____________
(iv) Aggregate price of shares redeemed or repurchased and
previously applied as a reduction to filing fees
pursuant to rule 24e-2 (if applicable): +
____________
(v) Net aggregate price of securities sold and issued
during the fiscal year in reliance on rule 24f-2
[line (i), plus line (ii), less line (iii), plus
line (iv)] (if applicable): 76,545,934
____________
(vi) Multiplier prescribed by Section 6(b) of the
Securities Act of 1933 or other applicable law or
regulation (see Instruction C.6): x 1/2900
____________
(vii) Fee due [line (i) or line (v) multiplied by line
(vi)]: $ 26,395.15
____________
Instruction: Issuers should complete lines (ii), (iii), (iv), and (v) only
if the form is being filed within 60 days after the close of the issuer's
fiscal year. See instruction C.3.
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13. Check box if fees are being remitted to the Commission's lockbox
depository as described in section 3a of the Commission's Rules of Informal and
Other Procedures (17 CFR 202.3a).
[ XX ]
Date of mailing or wire transfer of filing fees to the Commission's lockbox
depository: 12-21-95
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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/ Mary J. Benson
____________________________________________________
Mary J. Benson, Assistant Treasurer
____________________________________________________
Date December 22, 1995
_____________________
* Please print the name and title of the signing officer below the signature.
________________________________________________________________________________
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[LETTERHEAD OF BALLARD SPAHR ANDREWS & INGERSOLL]
December 20, 1995
AIM Summit Fund, Inc.
11 Greenway Plaza, Suite 1919
Houston, TX 77046
Re: Rule 24f-2 Notice for AIM Summit Fund, Inc.
(Securities Act File No. 2-76909)
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Gentlemen:
We have acted as counsel to AIM Summit Fund, Inc. (the
"Fund"), a corporation organized under the laws of the State of Maryland and
registered with the Securities and Exchange Commission under the Investment
Company Act of 1940 as an open-end management investment company.
We have been informed that a registration statement on Form
N-1A, as amended ("Registration Statement") relating to an indefinite number of
shares of common stock of the Fund, par value $.01 per share (the "Shares") has
been filed with the Securities and Exchange Commission under the Securities Act
of 1933 (Securities Act File No. 2-76909).
We further understand that, pursuant to the provisions of Rule
24f-2, the Fund is filing with the Securities and Exchange Commission a notice
(the "Notice") making definite the registration of such Shares sold in reliance
on Rule 24f-2 for the fiscal year ended October 31, 1995. Specifically, we
have been informed by the Fund that a total of 14,611,953 Shares were issued
from time to time during such fiscal year under Prospectuses which were
included as part of the Registration Statement. The Fund has requested our
opinion in connection with the filing of such Notice, for inclusion in such
filing.
In connection with our giving this opinion, we have examined a
copy of the Charter of the Fund, as amended, and originals or copies, certified
or otherwise identified to our satisfaction, of such other documents, records
and other instruments as we have deemed necessary or advisable for purposes
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AIM Summit Fund, Inc.
December 20, 1995
Page 2
of this opinion. As to various questions of fact material to our opinion, we
have relied upon information provided by officers of the Fund.
Based on the foregoing, we are of the opinion that the
14,611,953 Shares issued by the Fund during its fiscal year ended October 31,
1995 were, when issued for payment as described in the Fund's Prospectuses
referred to above, legally issued, fully paid and non-assessable by the Fund.
Very truly yours,
/s/ BALLARD SPAHR ANDREWS & INGERSOLL
BALLARD SPAHR ANDREWS & INGERSOLL
