MIM MUTUAL FUNDS INC
485BPOS, 1996-02-01
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AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION  1933 ACT FILE NO. 2-95878
ON JANUARY 31, 1996                                   1940 ACT FILE NO. 811-4233
                        SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C.  20549

                                     FORM N-1A
                         REGISTRATION STATEMENT UNDER THE
                               SECURITIES ACT OF 1933
                                                                 
                           Pre-Effective Amendment No. ___       
                                                                  
                           Post-Effective Amendment No. 16       X

                                         AND

                           REGISTRATION STATEMENT UNDER THE
                            INVESTMENT COMPANY ACT OF 1940       
                                   Amendment No. 18              X

                                MIM MUTUAL FUNDS, INC.
                      (Exact Name of Registrant as Specified in Charter)
                                  4500 Rockside Road, Suite 440
                             Cleveland, Ohio  44131-6809
                      (Address of Principal Executive Offices, Zip Code)

             REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (216) 642-3000
                  Cathy G. O'Kelly                           with a copy to:
            Vedder, Price, Kaufman & Kammholz                 Gregory B. Getts
      222 North LaSalle Street, Suite 2600             Secretary and Treasurer
           Chicago, Illinois  60601-1003                MIM Mutual Funds, Inc.
       (Name and Address of Agent for             4500 Rockside Road, Suite 440
       Service)                                   Cleveland, Ohio  44131-6809

                                  DECLARATION PURSUANT TO RULE 24f-2
Pursuant to  Rule  24f-2  under  the  Investment  Company  Act  of  1940,  the
Registrant hereby terminates its declaration of registration  of an indefinite
number  or amount  of  Shares of  beneficial interest  in the  Fund  under the
Securities Act of 1933.   The Rule 24f-2  Notice for Registrant's fiscal  year
ended September 30, 1995 was filed with the Securities and Exchange Commission
on or about November 28, 1995.

It is proposed that this filing will become effective (check appropriate box)

                X    immediately upon filing pursuant to paragraph (b); or
                        
                      on (date) pursuant to paragraph (b); or
                        
                      60 days after filing pursuant to paragraph (a)(1); or

                      on (date) pursuant to paragraph (a)(1); or
                          
                      75 days after filing pursuant to paragraph (a)(2); or
                        
                      on (date) pursuant to paragraph (a)(2) of Rule 485.

If appropriate, check the following box:
              this post-effective  amendment  designates a  new  effective
              date for a previously filed post-effective amendment<PAGE>





   This  Post-Effective  Amendment  is  filed  for  the  sole  purpose   of
terminating the declaration made  pursuant to Rule 24f-2 under  the Investment
Company Act of 1940.<PAGE>





            SIGNATURES


Pursuant to  the requirements of  the Securities  Act of 1933,  the Registrant
certifies  that this  amendment to  its Registration  Statement meets  all the
requirements  for  effectiveness  of  paragraph  (b)  of  Rule  485,  and  the
Registrant has caused this  Registration Statement to be signed  on its behalf
by the undersigned thereunto duly authorized  in the City of Cleveland,  State
of Ohio, on the 13th day of December, 1995.

            MIM MUTUAL FUNDS, INC.

            By:  /s/Harvey M. Salkin            
                  Harvey M. Salkin, President

Pursuant to the requirements of the Securities Act  of 1933, this Registration
Statement has been signed below by the following persons in the capacities and
on the date indicated.

                            President (Principal            December 13, 1995
  /s/Harvey M. Salkin       Executive Officer) and
  Harvey M. Salkin          Director

  /s/Gregory B. Getts       Treasurer (Principal            December 13, 1995
  Gregory B. Getts          Financial and Accounting
                            Officer)

  /s/A. Dale Flowers        Director                        December 13, 1995
  A. Dale Flowers

  /s/Bernard H. Klein       Director                        December 13, 1995
  Bernard H. Klein

  /s/Walter O. Rom          Director                        December 13, 1995
  Walter O. Rom<PAGE>


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