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:
VAM Institutional Funds, Inc.
90 South Seventh Street, Suite 4300
Minneapolis, MN 55402
2. Name of each series or class of securities for which this Form is filed
(If the Form is being filed for all series and classes of securities of
the issuer, check the box but do not list series or classes): [ ]
Segall Bryant & Hamill Growth and Income Fund
3. Investment Company Act File Number: 811-4546 Securities Act File
Number: 2-95930 4.(a) Last day of fiscal year for which this notice is
filed: April 30, 1998
4.(b) Check box if this Form is being filed late (i.e., more than 90 calendar
days after the end of the issuer's fiscal year). (See Instruction A.2)
[ ] Note: If the Form is being filed late, interest must be paid on the
registration fee due.
4.(c) Check box if this is the last time the issuer will be filing this Form.
[X]
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5. Calculation of registration fee:
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(i) Aggregate sale price of securities sold during the fiscal
year pursuant to section 24(f): $ 2,378,418
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(ii) Aggregate price of securities redeemed or repurchased during
the fiscal year: $ 1,338,497
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(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-
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(iv) Total available redemption credits [add Items 5 (ii) and 5 (iii)]: -$ 1,338,497
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(v) Net sales -- if Item 5 (i) is greater than Item 5 (iv) [subtract
Item 5 (iv) from Item 5 (i)]: $ 1,039.921
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(vi) Redemption credits available for use in future years -- If Item 5 (i)
is less than Item 5 (iv) [subtract Item 5 (iv) from Item 5 (i)]: $( )
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(vii) Multiplier for determining registration fee (see Instruction C.9): x .000295
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(viii)Registration fee due [multiply Item 5 (v) by Item 5 (vii)] (enter "0"
if no fee is due): = $ 306.78
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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:________________ . 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 available for use by the
issuer in future fiscal years, then state that number
here:___________________ .
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): + $
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8. Total of the amount of the registration fee due plus any interest due [line
5 (viii) plus line 7]: = $ 306.78
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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/ Thomas J. Abood
Thomas J. Abood/Secretary
Date July 22, 1998
*Please print the name and title of the signing officer below the
signature.
