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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.
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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, 1996
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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: [ ]
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6. Date of termination of issuer's declaration under rule 24f-2(a)(1), if
applicable (see Instruction A.6):
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7. Number and amount of securities of the same class or series which had been
registered under the Securities Act of 1933 other than pursuant to rule
24f-2 in a prior fiscal year, but which remained unsold at the beginning
of the fiscal year:
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8. Number and amount of securities registered during the fiscal year other
than pursuant to rule 24f-2:
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9. Number and aggregate sale price of securities sold during the fiscal year:
16,166,774 $186,595,135
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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:
16,166,774 $186,595,135
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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):
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12. Calculation of registration fee:
<TABLE>
<S> <C> <C>
(i) Aggregate sale price of securities sold during the fiscal year
in reliance of rule 24f-2 (from Item 10): $186,595,135
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(ii) Aggregate price of shares issued in connection with dividend
reinvestment plan (from Item 11, if applicable): +
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(iii) Aggregate price of shares redeemed or repurchased during
the fiscal year (if applicable): (67,087,550)
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(iv) Aggregate price of shares redeemed or repurchased and
previously applied as a reduction to filing fees pursuant to
rule 24e-2 (if applicable): +
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(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): 119,507,585
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(vi) Multiplier prescribed by Section 6(b) of the Securities Act of
1933 or other applicable law or regulation (see Instruction
C.6): x 1/3300
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(vii) Fee due [line (i) or line (v) multiplied by line (vi)]: $36,214.42
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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:
DECEMBER 19, 1996
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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/ DANA R. SUTTON
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Dana R. Sutton,
Vice President & Assistant Treasurer
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Date December 20, 1996
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* Please print the name and title of the signing officer below the
signature.
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LAW OFFICES
BALLARD SPAHR ANDREWS & INGERSOLL BALTIMORE, MD
1735 MARKET STREET, 51ST FLOOR CAMDEN, NJ
PHILADELPHIA, PENNSYLVANIA DENVER, CO
19103-7599 HARRISBURG, PA
TELEPHONE: 215-665-8500 SALT LAKE CITY, UT
FAX: 215-864-8999 WASHINGTON, DC
December 17, 1996
AIM Summit Fund, Inc.
11 Greenway Plaza, Suite 1919
Houston, TX 77046-1173
Re: Rule 24f-2 Notice for AIM Summit Fund, Inc.
(Securities Act File No. 2-76909)
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, 1996. Specifically, we
have been informed by the Fund that a total of 16,166,774 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
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AIM Summit Fund, Inc.
December 17, 1996
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our satisfaction, of such other documents, records and other instruments
as we have deemed necessary or advisable for purposes 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
16,166,774 Shares issued by the Fund during its fiscal year ended October 31,
1996 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
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BALLARD SPAHR ANDREWS & INGERSOLL
