<PAGE> 1
<TABLE>
<S> <C>
- --------------------------------------------------------------------------------
| U.S. 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: The Arch Fund, Inc. |
| 3435 Stelzer Road |
| Columbus, Ohio 43219-3035 |
| ------------------------------------- |
|------------------------------------------------------------------------------ |
| 2. Name of each series or class of funds for which this notice is filed: |
| |
| See Attached |
| |
|------------------------------------------------------------------------------ |
| 3. Investment Company Act File Number: 811-3567 |
| ---------------------------- |
| |
| Securities Act File Number 2-79285 |
| ---------------------------- |
|------------------------------------------------------------------------------ |
| 4. Last day of fiscal year for which this notice is filed: November 30, 1995 |
| ----------------- |
| |
|------------------------------------------------------------------------------ |
| 5. Check box if this notice is being filed more than 180 days after the close |
| of the issuer's fiscal year for purpose 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: |
| |
| ------------------------- |
|----------------------------------------------------------------------------- |
| 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: |
| 0 |
|----------------------------------------------------------------------------- |
| 8. Number and amount of securities registered during the fiscal year other |
| than pursuant to rule 24f-2: |
| Shares 44,573 |
| Price $43,602,285 |
| ------------------------- |
|----------------------------------------------------------------------------- |
| 9. Number and aggregate sale price of securities sold during the fiscal year: |
| |
| Shares 2,959,622,572 |
| Price $3,235,792,067 |
| ------------------------- |
-------------------------------------------------------------------------------
</TABLE>
<PAGE> 2
<TABLE>
<S> <C>
- -------------------------------------------------------------------------------
|10. Number and aggregate sale price of securities sold during the fiscal |
| year in reliance upon registration pursuant to rule 24f-2: |
| |
| Shares 2,959,577,999 |
| Price $3,192,189,782 |
| ------------------------- |
|-----------------------------------------------------------------------------|
|11. Number and aggregate price of securities issued during the fiscal year |
| in connection with the dividend reinvestment plans, if applicable: |
| Shares 16,911,860 |
| Price $40,428,852 |
| ------------------------- |
|-----------------------------------------------------------------------------|
|12. Calculation of registration fee: |
| |
| (i)Aggregate sale price of securities sold during |
| the fiscal year in reliance on rule 24f-2: $3,192,189,782 |
| |
| (ii)Aggregate price of shares issued in connection |
| with dividend reinvestment plans: $40,428,852 |
| -------------- |
| (iii)Aggregate price of shares redeemed or repurchased |
| during the fiscal year: $3,000,906,231 |
| -------------- |
| (iv)Aggregate price of shares redeemed or repurchased |
| and previously applied as a reduction to filing |
| fees pursuant to rule 24e-2: $0.00 |
| -------------- |
| (v)Net aggregate price of securities sold and issued |
| during the fiscal year in reliance on rule 24e-2: $231,712,403 |
| -------------- |
| (vi)Multiplier prescribed by Section 6(b) of the |
| Securities Act of 1933 or other applicable |
| law or registration: /2900 |
| -------------- |
| (vii)Fee Due: $79,900.83 |
| -------------- |
|-----------------------------------------------------------------------------|
|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 |
| |
| [ ] |
| |
| Date of mailing or wire transfer of filing fees to the Commission's |
| lockbox depository: |
| |
| 01/29/96 |
|-----------------------------------------------------------------------------|
| SIGNATURES |
| |
| This report has been signed below by the following persons on behalf of |
| the issuer and in the capacities and on the dates indacated. |
| |
| By (Signature and Title)* /s/ Walter B. Grimm |
| ----------------------------------------- |
| |
| Walter B. Grimm, Assistant Secretary |
| ----------------------------------------- |
| |
| Date 01/29/96 ________ |
| |
| * Please print the name and title of the signing officer below the |
| signature. |
| |
- -------------------------------------------------------------------------------
</TABLE>
<PAGE> 3
THE ARCH FUND, INC.
------------------
U.S. GOVERNMENT SECURTIES
-------------------------
Class E Shares
Class E - Special Series 1 Shares Class E - Special Series 3 Shares
Class E - Special Series 2 Shares
TREASURY MONEY MARKET
---------------------
Class B Shares
Class B - Special Series 1 Shares
Class B - Special Series 2 Shares
TAX-EXEMPT MONEY MARKET
-----------------------
Class J Shares
Class J - Special Series 1 Shares
GROWTH & INCOME EQUITY
----------------------
Class C Shares
Class C - Special Series 1 Shares Class C - Special Series 3 Shares
Class C - Special Series 2 Shares
GOVERNMENT & CORPORATE BOND
---------------------------
Class D Shares
Class D - Special Series 1 Shares Class D - Special Series 3 Shares
Class D - Special Series 2 Shares
MISSOURI TAX-EXEMPT BOND
------------------------
Class K Shares
Class K - Special Series 1 Shares
Class K - Special Series 2 Shares
MONEY MARKET
------------
Class A Shares
Class A - Special Series 1 Shares
Class A - Special Series 2 Shares
EMERGING GROWTH
---------------
Class F Shares
Class F - Special Series 1 Shares Class F - Special Series 3 Shares
Class F - Special Series 2 Shares
BALANCED
--------
Class G Shares
Class G - Special Series 1 Shares Class g - Special Series 3 Shares
Class G - Special Series 2 Shares
INTERNATIONAL EQUITY
--------------------
Class H Shares
Class H - Special Series 1 Shares Class H - Special Series 3 Shares
Class H - Special Series 2 Shares
SHORT INTERMEDIATE MUNICIPAL
----------------------------
Class I Shares
Class I - Special Series 1 Shares
<PAGE> 4
ARCH FUNDS INC. 24f-2 FEES
NOVEMBER 30, 1995
FILE: FC\CHRIS\AR24F-2
<TABLE>
<CAPTION>
SUMMARY
-------
PURCHASED PURCHASED CARRYFORWARD
FUND (REINVESTED) REDEMPTIONS REDEMPTIONS
- ---------------------------- --------------- ----------------- --------------- -----------------
<S> <C> <C> <C> <C>
US GOVERNMENT 12,394,349 2,029,261 6,345,525
TREASURY MONEY MARKET 839,832,064 3,013,118 831,082,824
TAX-EXEMPT MONEY MARKET 192,059,372 216,746 199,307,731 (33,509,524)
GROWTH & INCOME 52,143,509 7,546,386 61,695,190
GOVERNMENT & CORPORATE 22,014,582 6,496,071 42,323,482
MISSOURI TAX-EXEMPT 78,325,142 610,700 76,051,599 (10,092,761)
MONEY MARKET 1,902,144,644 11,376,917 1,740,810,431
EMERGING GROWTH 70,576,822 5,971,760 12,457,399
BALANCED 26,233,404 3,130,438 26,478,191
INTERNATIONAL EQUITY 16,123,096 28,077 3,928,946
SHORT INTERMEDIATE MUNICIPAL 23,945,082 9,378 424,913
================== ================= =============== =================
TOTAL 3,235,792,067 40,428,852 3,000,906,231 (43,602,285)
</TABLE>
<TABLE>
<CAPTION>
INCREASE/ FUNDS SHARES SHARES TOTAL
FUND (DECREASE) THAT INCREASED (REINVESTED) SHARES
- ---------------------------- ------------- ----------------- ------------- ------------ -------------
<S> <C> <C> <C> <C> <C>
US GOVERNMENT 8,078,085 8,078,085 1,156,552 193,708 1,350,260
TREASURY MONEY MARKET 11,762,358 11,762,358 839,832,064 3,013,118 842,845,182
TAX-EXEMPT MONEY MARKET (40,541,137) 0 192,059,613 216,746 192,276,360
GROWTH & INCOME (2,005,295) 0 3,553,184 558,779 4,111,963
GOVERNMENT & CORPORATE (13,812,829) 0 2,156,859 646,557 2,803,416
MISSOURI TAX-EXEMPT (7,208,518) 0 6,819,355 53,264 6,872,619
MONEY MARKET 172,711,130 172,711,130 1,902,144,644 11,376,917 1,913,521,561
EMERGING GROWTH 64,091,183 64,091,183 5,411,069 549,194 5,960,263
BALANCED 2,885,651 2,885,651 2,500,588 299,781 2,800,370
INTERNATIONAL EQUITY 12,222,227 12,222,227 1,588,686 2,857 1,591,543
SHORT INTERMEDIATE MUNICIPAL 23,529,547 23,529,547 2,399,958 938 2,400,896
============= ================= ============== ============ ==============
TOTAL 231,712,403 295,280,182 2,959,622,572 16,911,860 2,976,534,432
</TABLE>
<PAGE> 5
<TABLE>
<S> <C> <C>
24F-2 FEE 0.0003
CHANGE IN ASSETS 231,712,403 79,900.83
===========
FEE 79,900.83
</TABLE>
<TABLE>
<CAPTION> % CONTRIBUTED PROPORTIONAL
TO INCREASE FEE
----------------- -----------------
<S> <C> <C>
US GOVERNMENT 2.74% 2,185.88
TREASURY MONEY MARKET 3.98% 3,182.81
TAX-EXEMPT MONEY MARKET 0.00% 0.00
GROWTH & INCOME 0.00% 0.00
GOVERNMENT & CORPORATE 0.00% 0.00
MISSOURI TAX-EXEMPT 0.00% 0.00
MONEY MARKET 58.49% 46,734.47
EMERGING GROWTH 21.71% 17,342.64
BALANCED 0.98% 780.84
INTERNATIONAL EQUITY 4.14% 3,307.25
SHORT INTERMEDIATE MUNICIPAL 7.97% 6,366.94
----------------- -----------------
TOTAL 100.00% 79,900.83
</TABLE>
<PAGE> 6
Drinker Biddle & Reath
Philadelphia National Bank Building
1345 Chestnut Street
Philadelphia, PA 19107-3496
(215) 988-2700
January 26, 1996
The Arch Fund, Inc.
3435 Stelzer Road
Columbus, Ohio 43219
Re: Rule 24f-2 Notice for The Arch Fund, Inc.
(Registration No. 2-79285)
-----------------------------------------
Ladies and Gentlemen:
We have acted as counsel for The Arch Fund, Inc., a Maryland
corporation (the "Fund"), in connection with the registration of 2,959,622,572
shares of its Common Stock under the Securities Act of 1933. During the Fund's
fiscal year ended November 30, 1995 (the "Fiscal Year"), all of said shares
were registered in accordance with Rule 24f-2 under the Investment Company Act
of 1940. In giving the opinion stated below, we have reviewed the Fund's
Articles of Incorporation, as amended, its Articles Supplementary and By-Laws,
resolutions adopted by its Board of Directors and shareholders and such other
legal and factual matters as we have deemed appropriate.
During the Fiscal Year, the Fund was authorized to issue a
total of 7,000,000,000 shares of Common Stock, par value of $.001 per share.
From time to time during the Fiscal Year certain of such shares were classified
among the Institutional, Trust, Investor A and Investor B classes. We have
been informed by the Fund that at no time during the Fiscal Year did the number
of issued and outstanding shares of any class exceed the number of shares of
such class that the Fund was authorized to issue.
<PAGE> 7
The Arch Fund, Inc.
January 26, 1996
Page Two
- -------------------
We express no opinion concerning the laws of any jurisdiction
other than the Maryland General Corporation Law and the Federal Law of the
United States of America.
Based on the foregoing, we are of the opinion that the
aforementioned shares of the Fund registered pursuant to Rule 24f-2 during the
Fiscal Year were, when issued for payment as described in the Fund's
prospectuses, legally issued, fully paid, and non-assessable by the Fund.
We hereby consent to the filing of this opinion with the
Securities and Exchange Commission as part of the Fund's Rule 24f-2 Notice.
Very truly yours,
/s/ Drinker Biddle & Reath
DRINKER BIDDLE & REATH
