ROCKWOOD GROWTH FUND INC
24F-2NT, 1995-12-29
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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

 (1) Name and address of issuer:  The Rockwood Growth Fund, Inc.,
                                  ------------------------------
     545 Shoup Avenue, No. 303, P.O. Box 50313, Idaho Falls,
     -------------------------------------------------------
     Idaho 83405.
     ------------

 (2) Name of each series or class of funds for which this notice 
     is filed:  The Rockwood Growth Fund, Inc.
                ------------------------------

 (3) Investment Company Act File Number:  33-2430
                                          -------
     Securities Act File Number:  811-4534
                                  --------

 (4) Last day of fiscal year for which this notice is filed:  

     October 31, 1995.
     -----------------

 (5) Is this notice being filed more than 180 days after the
     close of the issuer's fiscal year for purposes of reporting
     securities sold after the close of the fiscal year but
     before termination of the issuer's 24f-2 declaration: No.
                                                           ---

 (6) Date of termination of issuer's declaration under rule
     24f-2(a)(1), if applicable:  N/A.
                                  ----

 (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:  N/A.
            ----

 (8) Number and amount of securities registered during the fiscal
     year other than pursuant to rule 24f-2: N/A.
                                             ----

 (9) Number and aggregate sale price of securities sold during
     the fiscal year:  1780.729, $32,573.31.
                       ---------------------
(10) Number and aggregate sale price of securities sold during
     the fiscal year in reliance upon registration pursuant to
     rule 24f-2:  1780.729, $32,573.31.
                  ---------------------

(11) Number and aggregate sale price of securities issued during
     the fiscal year in connection with dividend reinvestment
     plans, if applicable:  N/A.
                            ____

(12) Calculation of registration fee:

     (i)  Aggregate sale price of securities sold during the 
          fiscal year in reliance on rule 24f-2 (from Item 10):

                                                      $32,573.31
                                                      ----------

    (ii)  Aggregate price of shares issued in connection with
          dividend reinvestment plans (from Item 11, if
          applicable):
                                                     + -0-
                                                     ------

   (iii)  Aggregate price of shares redeemed or repurchased
          during the fiscal year (if applicable):
                                                     -$57,231.50
                                                      ----------

    (iv)  Aggregate price of shares redeemed or repurchased and
          previously applied as a reduction to filing fees
          pursuant to rule 24e-2 (if applicable):
                                                     + -0-
                                                     ------

     (v)  Net aggregate price of securities sold and issued
          during the fiscal year in reliance on rule 24f-2 [line
          (i), plus line (ii), plus line (iii), plus line (iv)]
          (if applicable):
                                                     -$24,658.19
                                                      ----------

   (vi)  Multiplier prescribed by Section 6(b) of the Securities
         Act of 1933 or other applicable law or regulation:
  
                                                     x N/A
                                                     ------

  (vii)  Fee due [line (i) or line (v) multiplied by line (vi)]:

                                                     $100.00
                                                     =======

(13) Are fees being remitted to the Commission's lockbox
     depository as described in section 3a of the Commission's
     Rules of Informal and Other Procedures:  Yes.
                                              ----

     Date of mailing or wire transfer of filing fees to the
     Commission's lockbox depository:  Mailed December 18, 1995.
                                       -------------------------

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: ROSS H. FARMER
                              -------------------------
                              Ross H. Farmer, President

Date: December 28, 1995.


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