U.S. 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: Monitrend Mutual Fund
2000 Richard Jones Road,
Suite 123
Nashville, Tennessee 37215
2. Name of each series or class of funds for which this
notice is filed:
Monitrend Mutual Fund Common Stock, no par value per
share, consisting of the following series: PIA Adjustable
Rate Government Series, PIA-Monitrend Government Income
Series, Gold Series, Growth Series, Gaming and Leisure
Series, Technology Series and Growth & Income Series
3. Investment Company Act File Number: 811-4010
Securities Act File Number: 2-90810
4. Last day of fiscal year for which this notice is filed:
November 30, 1995
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 (see Instruction A.6):
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:
0
8. Number and amount of securities registered during the
fiscal year other than pursuant to rule 24f-2:
0
9. Number and aggregate sale price of securities sold during
the fiscal year:
338,268 shares - $3,432,332
10. Number and aggregate sale price of securities sold during
the fiscal year in reliance upon registration pursuant to
rule 24f-2:
338,268 shares - $3,432,332
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):
14,458 shares - $162,737
12. Calculation of registration fee:
(i) Aggregate sale price of securities
sold during the fiscal year in
reliance on rule 24f-2 (from
Item 10): $ 3,432,332
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(ii) Aggregate price of shares issued in
connection with dividend
reinvestment plans (from Item 11,
if applicable): + 162,737
(iii) Aggregate price of shares redeemed
or repurchased during the fiscal
year (if applicable): - 4,531,974
(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), plus line (iv)] (if
applicable): - 936,905
(vi) Multiplier prescribed by
Section 6(b) of the Securities Act
of 1933 or other applicable law or
regulation (see Instruction C.6): x 1/2900
(vii) Fee due [line (i) or line (v)
multiplied by line (vi)]: $ 0
========
Instruction: Issuers should complete lines (ii), (iii), (iv)
and (v) only if the form is being filed within 60 days after
the close of the issuer's fiscal year. See Instruction C.3.
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:
N/A
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/ Michael Miola
Assistant Treasurer
Date January 29, 1996
*Please print the name and title of the signing officer below
the signature.
FOLEY & LARDNER
A T T O R N E Y S A T L A W
FIRSTAR CENTER
777 EAST WISCONSIN AVENUE
MILWAUKEE, WISCONSIN 53202-5367
A MEMBER OF GLOBALEX
WITH MEMBER OFFICES IN
MADISON BERLIN
CHICAGO TELEPHONE (414) 271-2400 BRUSSELS
WASHINGTON, D.C. DRESDEN
JACKSONVILLE TELEX 26-819 FRANKFURT
ORLANDO LONDON
TALLAHASSEE (FOLEY LARD MIL) PARIS
TAMPA SINGAPORE
WEST PALM BEACH FACSIMILE (414) 297-4900 STUTTGART
TAIPEI
WRITER'S DIRECT LINE
January 29, 1996
Monitrend Mutual Fund
272 Closter Dock Road
Closter, New Jersey 07624
Gentlemen:
We have acted as counsel for you in connection with the
preparation of an amended Registration Statement on Form N-1A relating to
the sale by you of an indefinite amount of shares of beneficial interest,
no par value, of the PIA Adjustable Rate Government Securities Series,
Gaming and Leisure Series, Technology Series, Growth Series, Government
Series, Gold Series and Growth & Income Series of Monitrend Mutual Fund
in the manner set forth in the amended Registration Statement. In this
connection, we have examined: (a) the amended Registration Statement on
Form N-1A; (b) the Rule 24f-2 Notice for Monitrend Mutual Fund dated
January 29, 1996; (c) Monitrend Mutual Fund's Declaration of Trust, as
amended; (d) corporate proceedings relative to the authorization for
issuance of shares of beneficial interest of the PIA Adjustable Rate
Government Securities Series, Gaming and Leisure Series, Technology
Series, Growth Series, Government Series, Gold Series and Growth & Income
Series; and (e) such other proceedings, documents and records as we deemed
necessary to enable us to render this opinion.
Based on the foregoing, we are of the opinion that the shares of
beneficial interest of the PIA Adjustable Rate Government Securities
Series, Gaming and Leisure Series, Technology Series, Growth Series,
Government Series, Gold Series and Growth & Income Series sold in the fiscal
year ended November 30, 1995 in reliance upon registration pursuant to
Rule 24f-2 under the Investment Company Act of 1940 and in the manner set
forth in the amended Registration Statement were legally issued, fully
paid and nonassessable. We have not examined the share register books of
Monitrend Mutual Fund. In opining that the shares of beneficial interest
sold in the fiscal year ended November 30, 1995 were fully paid, we have
relied upon a certificate of an officer of Monitrend Mutual Fund's
Administrator as to the consideration received for such shares.
We hereby consent to the use of this opinion in connection with
the filing of the Rule 24f-2 Notice for Monitrend Mutual Fund for its
fiscal year ended November 30, 1995. In giving this consent, we do not
admit that we are experts within the meaning of Section 11 of the
Securities Act of 1933, as amended, or within the category of persons
whose consent is required by Section 7 of said Act.
Very truly yours,
FOLEY & LARDNER
