NEW YORK VENTURE FUND, INC.
SECURITIES ACT OF 1933-FILE NUMBER #2-29858
RULE 24f-2 NOTICE (INVESTMENT COMPANY ACT OF 1940)
New York Venture Fund, Inc. hereby files its Rule 24f-2 notice in respect
to payment of the filing fee due for the shares of common stock sold as
described below:
NAME AND ADDRESS OF ISSUER
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New York Venture Fund, Inc.
124 East Marcy Street
Santa Fe, New Mexico 87501
FISCAL YEAR FOR WHICH NOTICE FILED
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August 1, 1994 through July 31, 1995 (hereinafter referred to as the
"fiscal period").
NUMBER OF SHARES (hereinafter referred to as "shares") REGISTERED
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OTHER THAN UNDER RULE 24f-2 AND REMAINING UNSOLD OF JULY 31, 1994.
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None
NUMBER OF SHARES REGISTERED DURING THE FISCAL PERIOD UNDER THE
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SECURITIES ACT OF 1933 OTHER THAN UNDER 24f-2
- ---------------------------------------------
None
NUMBER OF SHARES SOLD DURING THE FISCAL PERIOD
- ----------------------------------------------
34,538,901
NUMBER OF SHARES SOLD DURING THE FISCAL PERIOD PURSUANT TO
- ----------------------------------------------------------
REGISTRATION UNDER RULE 24f-2
- -----------------------------
34,538,901
CALCULATION OF FEE
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(A) Shares Sold pursuant to 24f-2 Aggregate Sales Price
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34,538,901 $431,725,572
(B) Shares Redeemed Aggregate Redemption Price
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(14,391,476) ($178,496,290)
Net aggregate sales price: (A) minus (B) equals = $253,229,282
Fee Due: (1/29 of 1% of $253,229,282 equals $87,320.44 )
Executed this 25th day of September, 1995
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By: /s/ Carl R. Luff
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Carl R. Luff, Treasurer
Exhibit: Opinion of Counsel dated August 3, 1995
August 3, 1995
New York Venture Fund, Inc.
c/o Mr. Carl R. Luff
Selected/Venture Advisers, L.P.
124 East Marcy Street
Santa Fe, NM 87501
Re: Investment Company Act Rule 24f-2 Notice for Year ended
July 31, 1995
Dear Sir or Madam:
We have examined such documents and records as we deem necessary
to render this opinion, including your Articles of Incorporation.
From such examination, we are of the opinion that New York Venture
Fund, Inc. is:
1. Legally organized and existing under the laws of the State
of Maryland and was so organized and existing throughout
the period in which the sales occurred of the subject
shares; and
2. Was authorized to issue the shares of its common stock
sold throughout the period covered by the Notice.
On the basis of our examination of all relevant documents, in
our opinion, the shares of your common stock sold in the one-year
period ended July 31, 1995, were part of your authorized, but unissued,
shares of common stock which, when sold, were legally issued and, when
issued and fully paid for in accordance with the terms of their
offering, constituted fully paid and non-assessable shares of your
outstanding common stock.
We hereby consent to the use of this opinion as an exhibit to
the above-referenced Notice.
Very truly yours,
D'ANCONA & PFLAUM
By: /s/ Sheldon R. Stein
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Sheldon R. Stein
SRS/sls
cc: Arthur Don
