SELIGMAN MUNICIPAL FUND SERIES INC
24F-2NT, 1997-12-11
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                     U.S. SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549


                                   FORM 24F-2
                        Annual Notice of Securities Sold
                             Pursuant to Rule 24f-2



1.      Name and address of issuer:         Seligman Municipal Fund Series, Inc.
                                            100 Park Avenue
                                            New York, NY 10017


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

       See Attachment I


3.      Investment Company Act File Number:                          811-3828

        Securities Act File Number:                                   2-86008


4.      Last day of fiscal year for which this notice is filed:       9/30/97


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:


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:


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


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

        SHARES      SALE PRICE
    15,448,944     123,003,337







<PAGE>


Securities and Exchange Commission                            December 11, 1997
Division of Investment Management
                                                                  -2-

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

        SHARES      SALE PRICE
    15,448,944     123,003,337

11.    Number and aggregate  sale price of  securities  issued during the fiscal
       year in connection with dividend reinvestment plans, if applicable:
       SHARES       SALE PRICE
    5,146,526       41,023,553
12.     Calculation of registration fee:
<TABLE>
<CAPTION>
<S>                                                                                       <C>
        (i)    Aggregate sale price of securities sold during the fiscal year in
               reliance on rule 24f-2 (from Item 10):                                      $    123,003,337

        (ii)   Aggregate price of shares issued in connection with dividend
               reinvestment plans (from Item 11):                                          +     41,023,553

        (iii)  Aggregate price of shares redeemed or repurchased during the fiscal year
               (if applicable):                                                            -    164,026,890

        (iv)   Aggregate price of shares redeemed or repurchased and previously applied
               as a reduction to filing fees pursuant to rule 24e-2 (if applicable):      +               0

        (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),                    0
               plus line (iv)}

        (vi)    Multiplier prescribed by Section 6(b) of the Securities Act of 1933 or
                other applicable law or regulation:                                        x       0.000303

        (vii)   Fee due {line (i) or line (v) multiplied by line (vi)}:
                                                                                           $              0
</TABLE>

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:

                                                          NO FEES DUE
                                   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)

                                      /s/
                                 Thomas G. Rose
                                    Treasurer
Date:   December 11, 1997


<PAGE>




                      SELIGMAN MUNICIPAL FUND SERIES, INC.


                                   FORM 24F-2
                        Annual Notice of Securities Sold
                             Pursuant to Rule 24f-2

                                  Attachment I

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

National  Series - Class A National  Series - Class D Colorado  Series - Class A
Colorado  Series - Class D  Georgia  Series - Class A  Georgia  Series - Class D
Louisiana  Series - Class A Louisiana Series - Class D Maryland Series - Class A
Maryland Series - Class D Massachusetts  Series - Class A Massachusetts Series -
Class D Michigan Series - Class A Michigan  Series - Class D Minnesota  Series -
Class A Minnesota  Series - Class D Missouri  Series - Class A Missouri Series -
Class D New York  Series - Class A New York Series - Class D Ohio Series - Class
A Ohio  Series - Class D Oregon  Series - Class A Oregon  Series - Class D South
Carolina Series - Class A South Carolina Series - Class D


<PAGE>




                      SELIGMAN MUNICIPAL FUND SERIES, INC.


        The undersigned,  Treasurer of Seligman  Municipal Fund Series,  Inc., a
Maryland corporation (the "Company"), does hereby certify as follows:

        1. From October 1, 1996 through  September 30, 1997,  the Company issued
an  aggregate of  20,595,470  shares of its Capital  Stock,  $0.001 par value as
follows:

                 National Series             6,098,912
                 Colorado Series               688,536
                 Georgia Series                909,079
                 Louisiana Series              445,303
                 Maryland Series               546,755
                 Massachusetts Series        2,394,016
                 Michigan Series             2,467,794
                 Minnesota Series            1,359,594
                 Missouri Series               968,714
                 New York Series             1,407,650
                 Ohio Series                 1,356,585
                 Oregon Series                 610,174
                 South Carolina Series       1,342,357

        2. In respect of the  issuance of such  20,595,470  shares,  the Company
received  aggregate  cash  consideration  (net  of  any  sales  commissions)  of
$162,890,373 as follows:

                 National Series             47,355,630
                 Colorado Series              5,032,659
                 Georgia Series               7,273,607
                 Louisiana Series             3,637,873
                 Maryland Series              4,385,736
                 Massachusetts Series        18,695,048
                 Michigan Series             20,862,214
                 Minnesota Series            10,477,827
                 Missouri Series              7,423,098
                 New York Series             11,310,062
                 Ohio Series                 10,965,205
                 Oregon Series                4,694,582
                 South Carolina Series       10,776,832

        3.  With  respect  to each  share  issued,  the  Company  received  cash
consideration not less than the net asset value per share on the date issued and
not less than $0.001.


<PAGE>


                                                                  -2-

        4. At no time during the period from October 1, 1996  through  September
30, 1997, were any shares of the Company's  Capital Stock issued and outstanding
in excess of the following numbers of authorized shares:

                 National Series          100,000,000
                 Colorado Series          100,000,000
                 Georgia Series           100,000,000
                 Louisiana Series         100,000,000
                 Maryland Series          100,000,000
                 Massachusetts Series     100,000,000
                 Michigan Series          100,000,000
                 Minnesota Series         100,000,000
                 Missouri Series          100,000,000
                 New York Series          100,000,000
                 Ohio Series              100,000,000
                 Oregon Series            100,000,000
                 South Carolina Series    100,000,000

        In Witness  Whereof,  I have hereunto signed my name as Treasurer of the
Company.

Date:   December 11, 1997

                    ----------/s/--------------
                         Thomas G. Rose
                            Treasurer




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