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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
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1. Name and address of Issuer:
SIFE Trust Fund
100 North Wiget Lane
Walnut Creek, CA 94598
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2. Name of each series or class of funds for which this notice is filed:
Class A-I Shares
Class A-II Shares
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3. Investment Company Act File No.:
Securities Act File No.: 2-17277
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4. Last day of fiscal year for which this notice is filed:
December 31, 1996
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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: / /
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6. Date of termination of issuer's declaration under rule 24f-2(a)(1), if
applicable (see instruction A.6): Not applicable
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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:
None
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8. Number and amount of securities registered during the fiscal year other
than pursuant to rule 24f-2:
None
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9. Number and aggregate sale price of securities sold during the fiscal year:
$72,757,265
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10. Number and aggregate sale price of securities sold during the fiscal year
in reliance upon registration pursuant to rule 24f-2:
Class A-I Shares: $55,568,657
Class A-II Shares $17,188,608
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Total: $72,757,265
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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):
$137,234,962
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12. Calculation of registration fee:
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<CAPTION>
<S> <C> <C>
Class A-I Class A-II
(i) Aggregate sale price of securities sold during the fiscal year in reliance
upon rule 24f-2 (from Item 10): $55,568,657 $17,188,608
(ii) Aggregate price of shares issued in connection with dividend reinvestment
plans (from Item 11, if applicable):
$134,730,736 $2,504,226
(iii) Aggregate price of shares redeemed or repurchased during the fiscal year (if
applicable): $68,443,396 $514,559
(iv) Aggregate price of shares redeemed or repurchased and previously applied as a not not
reduction to filing fees pursuant to rule 24e-2 (if applicable): applicable 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): $190,299,393 $19,692,834
(vi) Multiplier prescribed by Section 6(b) of the Securities Act of 1933 or other
applicable law or regulation (see instruction C.8): 0.000303 0.000303
(1/3300) (1/3300)
(vii) Fee due (line (i) or line (v) multiplied by line (vi): $57,661 $5,967
</TABLE>
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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 C.F.R. 202.3a) / X /
Date of mailing or wire transfer of filing fees to the Commission's
lockbox depository:
May 14, 1997
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: BRUCE W. WOODS/s/ Date: MAY 14, 1997
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Bruce W. Woods
President & CEO
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Exhibit to 24f-2 Notice
May 14, 1997
SIFE Trust Fund
c/o SIFE, a California Corporation
490 North Wiget Lane
Walnut Creek, CA 94598
Re: Rule 24f-2 Notice for SIFE Trust Fund
File No. 2-17277
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Ladies and Gentlemen:
I am the duly appointed and acting General Counsel of SIFE Trust Fund. (the
"Trust Fund"), and have acted as such in connection with the preparation and
filing of a Rule 24f-2 Notice, dated May 14, 1997, filed with the Securities and
Exchange Commission pursuant to Section 24(f) of the Investment Company Act of
1940, as amended (the "1940 Act"), and Rule 24f-2 promulgated thereunder,
regarding certain Class A-I and Class A-II shares representing beneficial
interests in SIFE Trust Fund issued pursuant to participating agreements
(collectively the "Shares").
In my opinion, the Shares which were registered and sold by the Trust Fund
pursuant to Section 24(f) of the 1940 Act in the fiscal year ended December 31,
1996 were, when sold and paid for in accordance with the provisions of the
participating agreements described in the preceding paragraph, legally issued,
fully paid and non-assessable.
I am a member of the bar of the State of California, and my opinion is limited
to the laws of that state and the federal laws of the United States of America.
Neither this opinion nor any extract herefrom or reference hereto shall be
published or delivered to any other person or relied upon for any other purpose
without my express written consent; provided, however, that I understand that
this opinion is being given in connection with the filing of the Trust Fund's
Rule 24f-2 Notice, dated May 14, 1997, and hereby consent to the inclusion of my
opinion as an exhibit thereto.
Very truly yours,
ROBERT LINDERMAN/s/
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Robert Linderman
General Counsel
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