U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20594
FORM 24F-2
ANNUAL NOTICE OF SECURITIES SOLD
PURSUANT TO RULE 24F-2
READ INSTRUCTIONS AT END OF FORM BEFORE PREPARING FORM.
PLEASE PRINT OR TYPE.
1. NAME AND ADDRESS OF ISSUER:
The New Economy Fund
333 South Hope Street
Los Angeles, CA 90071
2. NAME OF EACH SERIES OR CLASS OF FUNDS FOR WHICH THIS NOTICE IS FILED:
3. INVESTMENT COMPANY ACT FILE NUMBER: 811-3735
SECURITIES ACT FILE NUMBER: 2-83848
4. LAST DAY OF FISCAL YEAR FOR WHICH THIS NOTICE IS FILED:
November 30, 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):
N/A
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:
N/A
8. NUMBER AND AMOUNT OF SECURITIES REGISTERED DURING THE FISCAL YEAR OTHER THAN
PURSUANT TO RULE 24F-2:
N/A
9. NUMBER AND AGGREGATE SALE PRICE OF SECURITIES SOLD DURING THE FISCAL YEAR:
50,144,726 shares $747,511,000
10.NUMBER AND AGGREGATE SALE PRICE OF SECURITIES SOLD DURING THE FISCAL YEAR
IN RELIANCE UPON REGISTRATION PURSUANT TO RULE 24F-2:
50,144,726 shares $747,511,000
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):
10,606,653 shares $145,052,000
12. CALCULATION OR REGISTRATION FEE:
(i) Aggregate sale price of securities sold during the
fiscal year in reliance on rule 24f-2 (from Item 10): $747,511,000
(ii) Aggregate price of shares issued in connection
with dividend reinvestment plans (from Item 11,
if applicable): +145,052,000
(iii) Aggregate price of shares redeemed or repurchased
during the fiscal year (if applicable): -454,846,000
(iv) Aggregate price of shares redeemed or repurchased
and previously applied as a reduction to filing fees
pursuant to rule 24e-2 (if applicable): +
(v) Net aggregate price of securities sold and issued
during the fiscal year in reliance on rule 24f-2
[line (i), plus line (ii), less line (iii), plus line (iv)]
(if applicable) $437,717,000
(vi) Multiplier prescribed by Section 6(b) of the Securities
Act of 1933 or other applicable law or regulation
(see Instruction C.6): x 1/2900
(vii) Fee due [line (i) or line (v) multiplied by line (vi)]: $150,936.90
INSTRUCTION: ISSUERS SHOULD COMPLETE LINES (II), (III), (IV), (IV), AND (V)
ONLY IF THE FORM IS BEING FILED WITHIN 60 DAYS AFTER THE CLOSE OF THE ISSUER'S
FISCAL YEAR. See Instruction C.3.
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).
[ X ]
Date of mailing or wire transfer of filing fees to the Commission's lockbox
depository:
January 16, 1996
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)*
Chad L. Norton
Secretary
Date January 23, 1996
* Please print the name and title of the signing officer below the
signature.
<PAGE>
January
22nd
1 9 9 6
(213) 669-6000
611943
619,595-999
The New Economy Fund
333 South Hope Street
Los Angeles, CA 90071
Gentlemen:
At your request, we have examined your Registration
Statement on Form N-1 and Post-Effective Amendment No. 18
thereto on Form N-1A as filed by you with the Securities and
Exchange Commission (the "Commission") in connection with the
registration under the Securities Act of 1933, as amended, of
an indefinite number of shares of Beneficial Interest, no par value,
pursuant to Rule 24f-2 under the Investment Company Act
of 1940. We have also examined the form of Rule 24f-2 Notice
proposed to be filed by you with the Commission not later than
the end of January 1996, which indicates that during the fiscal
year ended November 30, 1995 you issued and sold 60,751,379
shares of stock pursuant to said indefinite registration (the
"Shares"). We are familiar with the proceedings taken by you
in connection with the authorization and issuance of the
Shares.
Based upon our examination and upon our knowledge of
your corporate activities, and assuming, without independent
verification, that the Shares were sold in compliance with
applicable Blue Sky laws and in the manner referred to in the
Registration Statement, it is our opinion that the Shares
constitute legally issued, fully paid and nonassessable shares
of your Common Stock.
We consent to the filing of this opinion as an
exhibit to the Rule 24f-2 Notice.
Respectfully submitted,
/S/ O'Melveny & Myers
