UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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:
IAI Investment Funds VII, Inc.
3700 First Bank Place
601 Second Avenue South
Minneapolis, MN 55402
2. The name of each series or class of securities for which this
Form is filed (If the Form is being filed for all series and
classes of securities of the issuer, check the box but do not
list series or classes): [ ]
IAI Growth and Income Fund
3. Investment Company Act File Number:
811-02147
Securities Act File Number:
002-39560
4(a).Last day of fiscal year for which this Form is filed:
09/15/00
4(b).[ ]Check box if this Form is being filed late (i.e., more than 90
calendar days after the end of the issuer's fiscal year).
(See Instruction A.2)
Note: If the Form is being filed late, interest must be paid on the
registration fee due.
4(c).[ X ]Check box if this is the last time the issuer will be filing
this Form.
5. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the
fiscal year pursuant to section 24(f):
$ 6,452,197
(ii) Aggregate price of securities redeemed or
repurchased during the fiscal year:
$ 6,832,429
(iii) Aggregate price of securities redeemed or
repurchased during any prior fiscal year ending no
earlier than October 11, 1995 that were not previously
used to reduce registration fees payable to the
Commission: $ 39,243,578
(iv) Total available redemption credits [add Items 5(ii) and
5(iii)]:
$ 46,076,007
(v) Net sales - if Item 5(i) is greater than Item 5(iv)
[subtract Item 5(iv) from Item 5(i)]:
$ 0
(vi) Redemption credits available for use in future years
- if Item 5(i) is less than Item 5(iv) [subtract Item 5(iv)
from Item 5(i)]:
$(39,623,810)
(vii) Multiplier for determining registration fee (See
Instruction C.9):
X 0.0264%
(viii)Registration fee due [multiply Item 5(v) by Item 5(vii)]
(enter "0" if no fee is due):
= $ 0
6. Prepaid Shares
If the response to item 5(i) was determined by deducting an amount
of securities that were registered under the Securities Act of 1933
pursuant to rule 24e-2 as in effect before [effective date of
rescission of rule 24e-2], then report the amount of securities
(number of shares or other units)deducted here: N/A. If there is
a number of shares or other units that were registered pursuant to
rule 24e-2 remaining unsold at the end of the fiscal year for which
this form is filed that are available for use by the issuer in
future fiscal years, then state that number here : 0 .
7. Interest due - if this Form is being filed more than 90 days after
the end of the issuer's fiscal year (see Instruction D):
+$ 0
8. Total of the amount of the registration fee due plus any interest
due [line 5(viii) plus line 7]:
=$ 0
9. Date the registration fee and any interest payment was sent to the
Commission's lockbox depository: n/a
Method of Delivery:
[ ] Wire Transfer
[ ] Mail or other means
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/ Jill Stevenson
Treasurer
IAI Mutual Funds
Date 12/14/00
* Please print the name and title of the signing officer below the signature.
