GREENSPRING FUND INC
24F-2NT, 1996-02-26
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	Form 24F-2
	Annual Notice of Securities Sold
	Pursuant to Rule 24f-2

1.	Name and Address of Issuer:

	Greenspring Fund, Incorporated
	2330 West Joppa Road, Suite 110
	Lutherville, MD 21093

2.	Name of each series or class of funds for which this notice is filed:

	Greenspring Fund, Incorporated

3.	Investment Company Act File Number:  811-3627

	Securities Act File Number:  2-81956

4.	Last day of fiscal year for which this notice is filed:

	December 31, 1995

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 pursuant 
to rule 24f-2 in a prior fiscal year, but which remained unsold at the 
beginning of the fiscal year:

	None

8.	Number and amount of securities registered during the fiscal year other 
than pursuant to rule 24f-2:

	None

9.	Number and aggregate sale price of securities sold during the fiscal year:

	$24,026,989.56 ($.01 par value)



10.	Number and aggregate sale price of securities sold during the fiscal year 
in reliance upon registration pursuant to rule 24f-2:

	$24,026,989.56 ($.01 par value)

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):

	$3,419,562.72

12.	Calculation of registration fee:

	(i)	Aggregate sale price of securities sold during the 
		fiscal year in reliance on rule 24f-2 (from Item 10):	$  24,026,989.56

	(ii)	Aggregate price of shares issued in connection with
		with dividend reinvestment plans (from Item 11, if
		applicable):	3,419,562.72

	(iii)	Aggregate price of shares redeemed or repurchased
		during the fiscal year (if applicable)	12,970,297.77

	(iv)	Aggregate price of shares redeemed or repurchased
		and previously applied as a reduction to filing fees
		pursuant to 24e-2 (if applicable):	                     

	(v)	Net aggregate price of securities sold and issued
		during the fiscal year in reliance on rule 24f-2
		((i) + (ii) - (iii) + (iv)) (if applicable):	14,476,254.51

	(vi)	Multiplier prescribed by Section 6(b) of the Securities
		Act of 1933 or other applicable law or regulation (see
		Instruction C.6):	        .00034483
	
	(vii)	Fee due ((v) * (vi))	          4,991.85

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). [ ]

	Date of mailing or wire transfer of filing fees to the Commission's lockbox 
depository:  February 27, 1996




	Signatures

By (Signature and Title)	Michael T. Godack                   

				Sr. Vice President and Secretary   

Date				February 26, 1996                     		


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