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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
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1. Name and address of issuer:
MIM MUTUAL FUNDS, INC.
4500 ROCKSIDE ROAD
INDEPENDENCE, OHIO 44131-6809
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2. Name of each series or class of funds for which this notice is filed:
MIM MUTUAL FUNDS, INC.
Money Market Fund, AFA Equity Fund, Stock Income Fund, Stock Growth
Fund, Bond Income Fund, Stock Appreciation Fund
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3. Investment Company Act File Number: 811-4233
Securities Act File Number: 2-95878
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4. Last day of the fiscal year for which this notice is filed:
SEPTEMBER 30, 1995
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5. Check box if this notice is being filed more than 180 days after the close
of the issuer's fiscal year for purpose of reporting securities sold after
the close of the fiscal year but before termination of the issuer's 24f-2
declaration:
[ ]
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6. Date of termination of issuer's declaration under rule 24f-2(a)(1), if
applicable:
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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:
Money Market Fund 6,588,637 Stock Growth Fund 136,001
Stock Income Fund 209,226
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8. Number and amount of securities registered during the fiscal year other
than pursuant to rule 24f-2:
NONE
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9. Number and aggregate sale price of securities sold during the fiscal year:
8,926,341.68 Price
4,364,143.327 Shares
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10. Number and aggregate sale price of securities sold during the fiscal
year in reliance upon registration pursuant to rule 24f-2:
8,926,341.68 Price
4,364,143.327 Shares
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11. Number and aggregate sale price of securities issued during the fiscal
year in connection with dividend reinvestment plans, if applicable:
Not Available
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12. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the fiscal
year in reliance on rule 24f-2: 8,926,341.68
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(ii) Aggregate price of shares issued in connection with
dividend reinvestment plans: 0
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(iii) Aggregate price of shares redeemed or repurchased during
the fiscal year: 88,524,037.31
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(iv) Aggregate price of shares redeemed or repurchased and
previously applied as a reduction to filing fees pursuant
to rule 24f-2: 0
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(v) Net aggregate price of securities sold and issued during
the fiscal year in reliance on rule 24f-2: (79,597,695.63)
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(vi) Multiplier prescribed by Section 6(b) of the Securities Act
of 1933 or other applicable law or registration: /2900
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(vii) Fee Due: 0
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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.
[ ]
Date of mailing or wire transfer of filing fees to the Commission's lockbox
depository:
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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.
/s/ Gregory B. Getts, Ph.D.;
By (Signature and Title)* _____________________________________________________________
Secretary/Treasurer
_____________________________________________________________
Date 11/28/95
____________________________
* Please print the name and title of the signing officer below the signature.
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VEDDER, RICE, KAUFMAN & KAMMHOLZ
NOVEMBER 24, 1995
Board of Directors
MIM Mutual Funds, Inc.
4500 Rockside Road
Cleveland, Ohio 44131-6809
Re: RULE 24F-2 NOTICE FOR MIM MUTUAL FUNDS, INC.
FILE NO. 2-95878
Dear Sirs:
Reference is made to the Rule 24f-2 Notice being filed by MIM Mutual Funds,
Inc. (hereinafter called the "Fund") and the 4,364,143.327 shares of capital
stock, par value $.001 per share, of the Fund specified therein as having been
sold during the period ended September 30, 1995, in reliance upon the prior
declaration by the Fund of registration of an indefinite amount of securities
pursuant to Rule 24f-2 under the Investment Company Act of 1940.
It is our opinion that the Fund is a corporation existing under the laws of
the State of Maryland and is authorized to issue a total of one billion nine
hundred million (1,900,000,000) shares.
It is our further opinion that said 4,364,143.327 shares of capital stock to
which said Rule 24f-2 Notice relates are legally issued, fully paid and
non-assessable.
In rendering this opinion, we have relied upon an Officer's Certificate
executed by the Secretary/Treasurer of the Fund as to certain factual matters
that have not been independently verified.
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Vedder, Price, Kaufman & Kammholz
Board of Directors
MIM Mutual Funds, Inc.
November 24, 1995
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We hereby consent to the use of this opinion in connection with the Rule
24f-2 Notice to be filed with the Securities and Exchange Commission.
Very truly yours,
VEDDER, PRICE, KAUFMAN & KAMMHOLZ
BY: /S/ CATHY G. O'KELLY
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Cathy G. O'Kelly
COK/seh
cc: Gregory B. Gretts
