FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
1. Name and address of issuer: GAM Funds, Inc. 135
East 57th Street, New York, New York 10022
2. Name of each series or class of funds for which this notice
is filed: GAM International Fund - Class A and D GAM
Global Fund - Class A and Class D GAM Pacific Basin Fund -
Class A and Class D GAM North America Fund - Class A
GAM Japan Capital Fund - Class A GAM Europe Fund - Class A
GAM Asian Capital Fund - Class A GAMerica Fund -
Class A
3. Investment Company Act File Number: 811-4062
Securities Act File Number: 2-92136
4(a). Last day of fiscal year for which this notice is filed:
December 31, 1997
4(b). Check box if this notice is being filed late.
4(c). Check this box if this is the last time the issuer will
be filing this Form.
5. Calculation of registration fee:
(i) Aggregate sale price of securities sold
during the fiscal year pursuant to section 24f-2:
$1,116,808,501
(ii) Aggregate price of securities redeemed or
repurchased during the fiscal year:
$473,603,205
(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:
$0
(iv) Total available redemption credits.
[add Items 5(ii) and 5(iii)]:
- $473,603,205
(v) Net Sales - If Item 5(i) is greater than Item 5(iv)
[subtract Item 5(iv) from Item 5(i)]:
$643,205,296
(vi) Redemption credits available for use in future years
$(0) - If Item 5(i) is less than 5(iv)
[subtract Item 5(iv) from Item 5(i)]:
(vii) Multiplier for determining registration fee (See
Instruction C.9): x .00030303
(viii) Registration fee due [multiply Item 5(v) by Item
5(vii)] (enter "0" if no fee is due):
=
$194,911
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 avialable 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
8. Total of the amount of registration fee due plus any
interest due [line 5(viii) plus line 7]
= $194,911
9. Date the registration fee and any interest payment was sent
to the Commission's lockbox depository:
Method of Delivery:
x Wire Transfer
Mail or other means
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\ Gordon Swartz
Gordon Swartz, Secretary
Date: 3/12/98
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