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 Funds
1299 Ocean Avenue
Santa Monica, CA 90401
2. Name of each series or class of funds for which this notice is filed:
Monitrend Growth & Income Series
Monitrend Gold Series
Monitrend Government Income Series
Monitrend Growth Series
Monitrend Gaming & Leisure Series
Monitrend Technology Series
Monitrend PIA Adjustable Rate Government Securities Series
3. Investment Company Act File Number: 811-04010
Securities Act File Number: 2-90810
4. Last day of fiscal year for which this notice is filed:
November 30, 1996
5. Check box if this notice is being filed more than 180 days after
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: 2,147,104 shares - $22,332,261
10. Number and aggregate sale price of securities sold during the
fiscal year in reliance upon registration pursuant to rule 24f-2:
2,147,104 shares - $22,332,261
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): 0 (already included in line #9)
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): $ 22,332,261
(ii) Aggregate price of shares issued in connection with
dividend reinvestment plans (from item 11,
if applicable): + 0
(iii) Aggregate price of shares redeemed or repurchased
during the fiscal year (if applicable): - 0
(iv) Aggregate price of shares redeemed or repurchased and
previously applied as a reduction to filing fees pursuant
to rule 24e-2 (if 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): + 22,332,261
(vi) Multiplier prescribed by Section 6(b) of the Securities
Instruction C.6): x 1/3200
(vii) Fee due[line (I) or line (v) multiplied by line (vi)]
$ 6,767.35
Instruction: Issuers should complete lines (ii), (iii), (iv), and (v) only
if the form is being filedwithin 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). X
Date of mailing or wire transfer of filing fees to the Commission's
lockbox depository: February 25, 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 (Signature and Title)* Michael Miola, Asst. Secretary
Date February 25, 1997
*Please print the name and title of the signing officer below the signature.
F O L E Y & L A R D N E R
A T T O R N E Y S A T L A W
CHICAGO,FIRSTAR CENTER,SAN DIEGO
JACKSONVILLE,777 EAST WISCONSIN AVE.,SAN FRANCISCO
LOS ANGELES,MILWAUKEE, WI 53202-5367,TALLAHASSEE
MADISON,TELEPHONE (414) 271-2400,TAMPA
ORLANDO,FAX(414) 297-4900,WASHINGTON, D.C.
SACRAMENTO,WEST PALM BEACH
WRITER'S DIRECT LINE
414/297-5660
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 Summation
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 __________,
1997; (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 Summation 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 Summation Series
sold in the fiscal year ended November 30, 1996 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, 1996 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, 1996. 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
