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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. 12)*
Rockies Fund, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
773411103
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(CUSIP Number)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
(continued on following page(s))
Page 1 of 5 Pages
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Page 2 of 5 Pages
SCHEDULE 13G
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CUSIP NO. 773411103
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
D.A. Davidson & Co.
81-0139474
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [__]
(b) [__]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
5. SOLE VOTING POWER
NUMBER OF 233,367 (as of December 31, 1997)
SHARES
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY
EACH
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH
8. SHARED DISPOSITIVE POWER
233,367 (as of December 31, 1997)
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
233,367 (as of December 31, 1997)
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[__]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
36.4% based upon total shares outstanding as of December 31, 1997 were
640,256 according to management of the company
12. TYPE OF REPORTING PERSON*
BD
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Page 3 of 5 Pages
ITEM 1(a). Name of Issuer
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Rockies Fund, Inc.
ITEM 1(b). Address of Issuer's Principal Executive Offices
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4465 North Park Drive
Colorado Springs, CO 80907
ITEM 2(a). Name of Person Filing
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D.A. Davidson & Co.
ITEM 2(b). Address of Principal Business Office
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Davidson Building
P.O. Box 5015
Great Falls, MT 59403
ITEM 2(c). Citizenship
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Montana
ITEM 2(d). Title of Class of Securities
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Common Stock
ITEM 2(e) CUSIP Number
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773411103
ITEM 3. If this statement is filed pursuant to Rules 13d-1(b), or 13(d)-2(b),
check whether the person filing it is a:
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(a) [ X ] Broker or Dealer registered under Section 15 of the Act
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in section 3(a)(19) of the Act
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Page 4 of 5 Pages
(d) [ ] Investment Company registered under section 8 of the
Investment Advisers Act of 1940
(e) [ ] Investment Adviser registered under section 203 of the
Investment Advisers Act of 1940
(f) [ ] Employee Benefit Plan, Pension Fund which is
subject to the provisions of the Employee Retirement
Income Security Act of 1974 or Endowment Fund
(g) [ ] Parent Holding Company, in accordance with ss.
240.13d-1(b)(ii)(G)
(h) [ ] Group, in accordance with ss. 240.13d-1(b)(1)(ii)(H)
ITEM 4. Ownership
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(a) Amount Beneficially Owned
233,367 (as of December 31, 1997)
(b) Percent of Class
36.4%
(c) Number of Shares as to Which Such Person Has:
(i) sole power to vote or to direct the vote
233,367 (as of December 31, 1997)
(ii) shared power to vote or to direct the vote
(iii) sole power to dispose or to direct the disposition of
233,367
(iv) shared power to dispose or to direct the disposition of
ITEM 5. Ownership of Five Percent or Less of a Class
--------------------------------------------
Not applicable
ITEM 6. Ownership of More than Five Percent on Behalf of Another Person
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No other person has the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of such
securities
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Page 5 of 5 Pages
ITEM 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company
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Not applicable
ITEM 8. Identification and Classification of Members of the Group
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Not applicable
ITEM 9. Notice of Dissolution of Group
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Not applicable
ITEM 10. Certification
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By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the Issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: February 27, 1988
D.A. DAVIDSON & CO.
By: /s/ Vincent M. Purpura
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Vincent M. Purpura
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Its: President and C.O.O.
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