February 21, 1995
SECURITIES AND EXCHANGE COMMISSION
450 Fifth Street, N. W.
Judiciary Plaza
Washington, D. C. 20549
RE: Rule 24f-2 Notice for United Gold & Government Fund, Inc.
File Nos. 2-96520 and 811-4261/CIK#764842
Dear Sir or Madam:
1. This Notice is being filed for the fiscal year ended December 31, 1994;
2. At the beginning of such fiscal year the issuer had no securities
registered under the Securities Act of 1933, other than pursuant to this
section;
3. During such fiscal period the issuer registered no securities other than
pursuant to this section;
4. The issuer sold 1,361,695 shares during such fiscal year*; and
5. The 1,361,695 shares were sold during such fiscal year in reliance upon
registration pursuant to this section.
This Notice is accompanied by an opinion of counsel as prescribed by paragraph
(b)(1)(v) of Rule 24f-2. An additional filing fee prescribed by paragraph (c)
of said Rule is not enclosed since during such fiscal year net redemptions
exceeded sales
Very truly yours,
Sharon K. Pappas
Secretary
*During the fiscal year ended December 31, 1994, the issuer sold 1,361,695
shares in reliance upon registration pursuant to Rule 24f-2 at an actual
aggregate sale price of $12,898,882 and redeemed 1,522,587 shares at an
aggregate repurchase price of $14,012,233. None of such redeemed shares were
previously applied by the issuer pursuant to Section 24e-2(a) in filings made
pursuant to Section 24(e)(1) of the Investment Company Act of 1940. Since the
shares redeemed during the issuer's fiscal year exceeded shares sold, a filing
fee as prescribed in Section 6(b) of the Securities Act of 1933 is not required.
February 21, 1995
United Gold & Government Fund, Inc.
6300 Lamar Avenue
P. O. Box 29217
Shawnee Mission, Kansas 66201-9217
Dear Sir or Madam:
In connection with the public offering of shares of Capital Stock, par value
$1.00 per share, of United Gold & Government Fund, Inc. (the "Fund"), I have
examined such corporate records and documents and have made such further
investigation and examination as I deemed necessary for the purpose of this
opinion.
It is my opinion that the 1,361,695 shares of Capital Stock of the Fund,
registration of which the notice makes definite in number, were legally issued,
fully paid and nonassessable.
I hereby consent to the filing of this opinion with the Rule 24f-2 Notice.
Very truly yours,
Sharon K. Pappas
Attorney at Law
SKP:ss
