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Form 24F-2
Annual Notice of Securities Sold Pursuant to Rule 24F-2
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.
1. Name and address of issuer: Flag Investors Communications Fund, Inc.,
One South Street, Baltimore, MD 21202
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): [X]
3. Investment Company Act File Number: 811-3883
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Securities Act File Number: 2-87336
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4(a). Last day of fiscal year for which this Form is filed: December 31, 1998
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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.)
N/A
Note: If the Form is being filed late, interest must be paid on the registration
fee due.
4(c).[ ] Check box if this is the last time the issuer will be filing this
Form.
N/A
5. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the
fiscal year pursuant to section 24(f): $344,017,968.00
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(ii) Aggregate price of securities redeemed or
repurchased during the fiscal year: $156,173,100.00
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(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: $29,951,071.24
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(iv) Total available redemption credits
[add Items 5(ii) and 5(iii)]: -$186,124,171.24
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(v) Net sales -- if Item 5(i) is greater than Item 5(iv)
[subtract Item 5(iv) from Item 5(i)]: $157,893,796.76
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(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)]: $ (0.00)
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(vii) Multiplier for determining registration fee
(See Instruction C.9): x .000278
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(viii) Registration fee due [multiply Item 5(v) by Item
5(vii)] (enter "0" if no fee is due): =$43,894.48
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6. Prepaid Shares
If the response to Item 5(i) was determined by deducting an amount of
securities that were registered under the Securities Act of 1933
pursuant to rule 24e-2 as in effect before October 11, 1997, then
report the amount of securities (number of shares or other units)
deducted here: N/A. If there is a number of shares or other units that
were registered pursuant to rule 24e-2 remaining unsold at the end of
the fiscal year for which this form is filed that are available for use
by the issuer in future fiscal years, then state that number here: N/A.
7. Interest due -- if this Form is being filed more than 90 days after the
end of the issuer's fiscal year (see Instruction D):
+$ 0.00
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8. Total of the amount of the registration fee due plus any interest due
[line 5(viii) plus line 7]:
=$43,894.48
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9. Date the registration fee and any interest payment was sent to the
Commission's lockbox depository: March 25, 1999
Method of Delivery:
[X] Wire Transfer
[ ] Mail or other means
SIGNATURES
This report has been signed below by the following person on behalf of the
issuer and in the capacities and on the dates indicated.
By (Signature and Title)* /s/ Joseph A. Finelli
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Joseph A. Finelli, Treasurer
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*Please print the name and title of the signing officer
below the signature.
Date: March 25, 1999
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<TABLE>
<CAPTION>
FLAG INVESTORS COMMUNICATIONS FUND, INC.
SCHEDULE A
PROCEEDS AGGREGATE
SHARES FROM SALE OF DRP DRP SHARES REDEMPTION
CLASS* SOLD SHARES SHARES VALUE REDEEMED PRICE
<S> <C> <C> <C> <C> <C> <C>
Flag A 7,977,108 $210,746,973.00* 1,383,390 $37,846,228.00 4,236,213 $100,876,700.00
Flag B 3,461,232 86,906,479.00 162,054 4,455,460.00 421,723 10,210,390.00
Flag C 96,807 2,839,788.00 1,030 29,394.00 1,875 54,186.00
Flag D 0 0.00 22,620 556,267.00 1,620,465 45,031,824.00
Institutional 23,201 622,784.00 521 14,595.00 0 0.00
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11,558,348 $301,116,024.00* 1,569,615 $42,901,944.00 6,280,276 $156,173,100.00
* Includes Front-end sales loads of $2,696,511.00 on Class A Shares.
1998 AGGREGATE SALES 1997 NET REDEMPTION 1998 REDEMPTIONS
CARRY FORWARD
13,127,963 shares @ $344,017,968.00 2,590,968 shares @ $29,951,071.24 6,280,276 shares @ $156,173,100.00
Computation of Fee: ($344,017,968.00 - $186,124,171.24) x .000278 = $43,894.48
</TABLE>
