UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 24F-2
ANNUAL NOTICE OF SECURITIES SOLD
PURSUANT TO RULE 24F-2
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1. Name and address of issuer:
Citizens Funds
(Formerly known as "Citizens Investment Trust")
230 Commerce Way Suite 300
Portsmouth, NH 03801
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2. The name of each series or class of securities for which this Form is
filed (If the Form is being filed for all series and classes of
securities of the issuer, check the box but do not list series or
classes): [X]
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3. Investment Company Act File Number:
811-3626
Securities Act File Number:
2-80886
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4(a). Last day of fiscal year for which this Form is filed:
June 30, 1998
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4.(b).[ ] Check box if this Form is being filed late (i.e., more than 90
calendar days after the end of the issuer's fiscal year). (See
Instruction A.2)
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4.(c) [ ] Check box if this is the last time the issuer will be filing this
Form.
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5. Calculation of registration fee:
(i) Aggregate sale price of securities sold during
the fiscal year pursuant to section 24(f): $ 570,166,542
(ii) Aggregate price of securities redeemed or
repurchased during the fiscal year: $ 470,092,745
(iii) Aggregate price of securities redeemed or
repurchased during any prior fiscal year
ending no earlier than October 11, 1995
that were not previously used to reduce
registration fees payable to the
Commission: $ 0
(iv) Total available redemption credits [add
items 5(ii) and 5(iii): -$ 470,092,745
(v) Net sales - if Item 5(i) is greater than
Item 5(iv) [subtract Item 5(iv) from
Item 5(i)]: $ 100,073,797
(vi) Redemption credits available for use in
future years - if Item 5(i) is less than
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Item 5(iv) [subtract Item 5(iv) from Item
5(i)]: $ ( )
(vii)Multiplier for determining registration
fee (See Instruction C.9): x .000295
(viii)Registration fee due [multiply Item 5(v)
by Item 5(vii)] (enter "0" if no fee
is due): =$ 29,522
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6. Prepaid Shares
If the response to Item 5(i) was determined by deducting an amount of
securities that were registered under the Securities Act of 1933 pursuant
to rule 24e-2 as in effect before October 11, 1997, then report the
amount of securities (number of shares or other units) deducted here:
_______. If there is a number of shares or other units that were
registered pursuant to rule 24e-2 remaining unsold at the end of the
fiscal year for which this form is filed that are available for use by
the issuer in future fiscal years, then state that number here: ________.
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7. Interest due - if this Form is being filed more than 90 days after the
end of the issuer's fiscal year (see Instruction D): +$ 0
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8. Total of the amount of the registration fee due plus any interest due
[line 5(viii) plus line 7]:
=$ 29,522
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9. Date the registration fee and any interest payment was sent to the
Commission's lockbox depository:
September 23, 1998
Method of Delivery:
[X] Wire Transfer CIK: 0000711202
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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) Joseph F. Keefe
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Joseph F. Keefe, Secretary
Date September 23, 1998
