UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-23C-1
STATEMENT BY REGISTERED CLOSED-END
INVESTMENT COMPANY WITH RESPECT TO PURCHASES OF ITS OWN
SECURITIES PURSUANT TO RULE N-23C-1 DURING THE LAST CALENDAR MONTH
REPORT FOR CALENDAR MONTH ENDING: June 30, 1999
For: Z-Seven Fund, Inc.
<TABLE>
<CAPTION>
Approximate Asset Name of
Date of Number of Price Value or Approximate Seller or
Each Identification Shares Per Asset Coverage Per Share of Seller's
Transaction of Security Purchased Share at Time of Purchase Broker
- ----------- -------------- --------- ------ ------------------------ -----------
<C> <S> <C> <C> <C> <C>
06/02/99 Z-Seven 20,000 7.2500 7.3966 Herzog
06/03/99 Z-Seven 7,500 7.3750 7.3883 Herzog
06/07/99 Z-Seven 5,000 7.3750 7.4258 Herzog
06/11/99 Z-Seven 7,500 7.3125 7.3955 Herzog
</TABLE>
REMARKS: None
Name of Registrant: Z-Seven Fund, Inc.
By: Aleshia Mesneak, Accountant
Statement Date: July 7, 1999
