September 28, 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 New York
Investors, Inc.
(Registration No. 2-82278)
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,
Lisa King
Attorney
Enclosures
September 28, 1995
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, DC 20549
RE: Rule 24f-2 Notice for Municipal Fund for New York
Investors, Inc.
(Registration No. 2-82278)
Ladies and Gentlemen:
In accordance with the provisions of Rule 24f-2 under the
Investment Company Act of 1940, Municipal Fund for New York
Investors, Inc. (the "Company") hereby files its Rule 24f-2
Notice.
The following information is required pursuant to
Rule 24f-2(b) (1):
(i) Notice is being filed for the fiscal year ended:
July 31, 1995
(ii) Number or amount of securities 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:
Portfolio Name Number of Shares
Municipal Fund for New York Investors 159,767,869
(iii) Number or amount of securities registered during such
fiscal year pursuant to Rule 24e-2:
Portfolio Name Number of Shares
Municipal Fund for New York Investors None
(iv) Number or amount of securities sold during such fiscal
year (excluding shares issued upon reinvestment of
dividends) during such fiscal year (See Exhibit A
attached hereto):
Name of Number of Aggregate Sales
Portfolios Portfolio Shares Price
Municipal Fund for
New York Investors 1,040,249,529 $1,040,249,529
(v) Number or amount of securities sold during such
fiscal year in reliance upon registration pursuant
to Rule 24f-2 (excluding shares issued upon
reinvestment of dividends):
Portfolio Name Number of Shares
Municipal Fund for
New York Investors 880,479,660
An opinion of counsel with respect to the issuance of the above
shares accompanies this Notice.
Very truly yours,
Edward J. Roach
Vice President and Treasurer
Enclosures
<PAGE>
EXHIBIT A
The actual aggregate sales price for which the Portfolio Shares
were sold and the actual redemption price of the Portfolio Shares
redeemed by the Registrant during the fiscal year ended July 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) (e)
Aggregate Sales
Price of Aggregate Sales
Portfolio Securities Aggregate Redemption Price of Portfolio
Sold in Reliance Price ofPortfolio Securities on
Gross Portfolio 24e-2 Portfolio Upon Rule 24f-2 Securities Redeemed Which Fee Will Be
Securities Sold Securities ((a) minus (b)) During Fiscal Year Based ((c) minus (d))
Name of
Portfolio
<S> <C> <C> <C> <C> <C>
Municipal
Fund for
New York
Investors $1,040,249,529 $159,769,869 $880,479,660 1,073,881,693 (193,402,033)
</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, the registration fee with respect to the
Portfolio Shares sold is calculated as follows:
$880,479,660 - $1,073,881,693 = $(193,402,033) / 2900 = 0.
Therefore, no registration fee is due.
September 28, 1995
Municipal Fund for New York Investors, Inc.
Bellevue Park Corporate Center
Suite 100
400 Bellevue Parkway
Wilmington, DE 19809
Re: Rule 24f-2 Notice for Municipal Fund for
New York Investors, Inc. (Registration No. 2-82278)
Gentlemen:
We have acted as counsel for Municipal Fund for New York
Investors, Inc., a Maryland corporation (the "Fund"), in
connection with the registration under the Securities Act of
1933, as amended, of shares of the Fund's Class A Common Stock,
Class A Common Stock - Special Series 1 and Class A Common
Stock-Special Series 2 made definite by the Fund's
September 28, 1995 Rule 24f-2 Notice accompanying this opinion
(collectively, the "Shares").
In giving the opinion stated below, we have reviewed the Fund's
Charter, its By-Laws, resolutions adopted by its Board of
Directors and shareholders and such other legal and factual
matters as we have deemed appropriate; we have relied upon a
certificate of the Fund's transfer agent as to certain matters
including whether at any time during the Fund's fiscal year ended
July 31, l995 the number of issued and outstanding Shares of any
class or series of the Fund's Common Stock exceeded the number of
such Shares that the Fund was then authorized to issue; and we
have assumed the accuracy of the information in the Rule 24f-2
Notice. 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 Fund's
prospectus, 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,
DRINKER BIDDLE & REATH
