March 27, 1995
U.S. Securities and Exchange Commission
Attn: Filing Desk
450 5th Street, N.W.
Washington, DC 20549
RE: Rule 24(f)-2 Notice for Municipal Fund for California Investors, Inc.
File No. 2-79510
Dear Gentlemen and Ladies:
Pursuant to Rule 24(f)-2 of the Investment Company Act of 1940, the above
referenced Fund hereby files the following:
1. Rule 24(f)-2 Notice; and
2. Opinion of Counsel.
We will obtain confirmation of this filing via our CompuServe account,
72741,733. If there are any questions on this filing I can be reached at
(302) 791-2919.
Very Truly Yours,
Wendy McGee
Legal Assistant
Enclosures
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
RULE 24f-2 NOTICE
FOR
Municipal Fund for California Investors, Inc.
(Name of Registrant)
Securities Act of 1933 File No. 2-79510
400 Bellevue Parkway
Wilmington, DE 19809
(Address of Principal Executive Offices)
Class A Common Stock, Par Value $.001
Class B Common Stock, Par Value $.001
(Securities with Respect to which Notice is Filed)
1. The following information is set forth pursuant to the requirements of
Rule 24f-2 (b) (1):
(i) Fiscal year for which notice is filed:
February 01, 1994 through January 31, 1995.
(ii) The number or amount of securities of the same class or series, if any,
which had been registered under the Securities Act of 1933 other than
pursuant to Rule 24f-2 but which remained unsold at the beginning of
such fiscal year.
None
(iii) The number or amount of securities, if any, registered during such
fiscal year pursuant to Rule 24e-2.
Class A Class B
$753,122,672 $236,006
(iv) The number or amount of securities sold during such fiscal year:*
Class A Class B
1,537,870,237 shares 375,627 shares
$1,537,870,237 $3,840,132
(See Exhibit A) (See Exhibit A)
(v) The number or amount of securities sold during such fiscal year in
reliance upon registration pursuant to Rule 24f-2*:
Class A Class B
784,747,565 shares 352,654
$784,747,565 $3,604,126
(See Exhibit A) (See Exhibit A)
* Excludes shares issued upon reinvestment of dividends.
2. An opinion of counsel with respect to the validity of the shares
accompanies this notice.
Dated: March 27, 1995
MUNICIPAL FUND FOR CALIFORNIA INVESTORS, INC.
By: Edward J. Roach
Vice President and Treasurer
See Exhibit A attached.
<PAGE>
EXHIBIT A
The actual aggregate sales price for which the Fund Shares were sold and the
actual redemption price of the Fund Shares redeemed by the Registrant
during the fiscal year ended January 31, 1995, and the calculation of the
registration fee pursuant to Rule 24f-2(c) of the Investment Company Act of
1940 are set forth below:
<TABLE>
(a) (b) (c) (d)
Aggregate Sales
Price of Aggregate Sales
Portfolio Securities Aggregate Redemption Price of Porfolio
Sold in Reliance Price of Portfolio Securities on Which
Name of Gross Portfolio 24e-2 Portfolio Upon Rule 24f-2 Securities Redeemed Fee Will Be Based
Portfolio Securities Sold Securities ((a) minus (b)) During Fiscal Year ((c) minus (d))
<S> <C> <C> <C> <C> <C>
California
Money Fund
(Class A) $1,537,870,237 $753,122,672 $784,747,565 $1,517,300,379 $(732,552,814)
California
Intermediate
Municipal Fund
(Class B) 3,840,132 236,006 3,604,126 4,976,578 (1,372,452)
Total $1,541,710,369 $753,358,678 $788,351,691 $1,522,276,957 $(733,925,266)
</TABLE>
No portion of the aggregate redemption price has been applied by Registrant
pursuant to Rule 24e-2(a) in a filing made pursuant to Section 24(e)(1)
of the Investment Company Act of 1940. Pursuant to Rule 24f-2(c)
of the Investment Company Act of 1940, as amended, the registration
fee with respect to the Portfolio Shares sold is calculated
as follows: $788,351,691 - $1,522,276,957 = (733,925,266) x .00034483 = $0
Therefore, no registration fee is due.
March 27, 1995
Municipal Fund for California Investors, Inc.
Bellevue Park Corporate Center
Suite 100
400 Bellevue Parkway
Wilmington, DE 19809
Re: Rule 24f-2 Notice for Municipal Fund for
California Investors, Inc.
(Registration No. 2-79510)
Gentlemen:
We have acted as counsel for Municipal Fund for California
Investors, Inc., a Maryland corporation (the "Company"), in
connection with the registration of its Class A Common Stock,
Class A Common Stock - Special Series 1, and Class B Common Stock
made definite by the Company's March 27, 1995 Rule 24f-2 Notice
accompanying this opinion (collectively, the "Shares").
In giving the opinion stated below, we have reviewed the
Company's Charter, its By-Laws, resolutions adopted by its Board
of Directors and shareholders, certificates and such other legal
and factual matters as we have deemed appropriate; and we have
relied upon the Rule 24f-2 Notice referred to above and a
certificate of the Company's transfer agent as to certain matters
including whether at any time during the Company's fiscal year
ended January 31, 1995 the number of issued and outstanding
Shares of any class or series of the Company's Common Stock
exceeded the number of such Shares that the Company was then
authorized to issue. 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
Shares were, when issued for payment as described in the
Company's Prospectuses, legally issued, fully paid and
non-assessable by the Company.
We hereby consent to the filing of this opinion with the
Securities and Exchange Commission as part of the Company's Rule
24f-2 Notice.
Very truly yours,
DRINKER BIDDLE & REATH
