File No. 2-98199
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-1A
REGISTRATION STATEMENT
under
THE SECURITIES ACT OF 1933
POST-EFFECTIVE AMENDMENT NO. 16
THE AMERICAN FUNDS INCOME SERIES
(Exact name of registrant as specified in charter)
333 South Hope Street, Los Angeles, California 90071
(Address of Principal Executive Offices)
JULIE F. WILLIAMS
333 South Hope Street, Los Angeles, California 90071
(Name and address of agent for service)
COPIES TO:
Cary I. Klafter
Morrison & Foerster
345 California Street
San Francisco, California 94104
The Registrant has filed a declaration pursuant to Rule 24f-2
registering an indefinite number of shares
under the Securities Act of 1933. On October 14, 1994, it filed
its 24f-2 Notice for fiscal 1994.
CALCULATION OF REGISTRATION FEE
<TABLE>
<CAPTION>
Title of class Number of Proposed Proposed
of securities shares maximum maximum Amount of
being being offering price aggregate registration
registered registered per unit offering price fee
<S> <C> <C> <C> <C>
Capital 8,763,453 $13.75* $ 290,000** $ 100***
</TABLE>
* Public offering price on August 11, 1995.
** The calculation of the maximum aggregate offering price is made pursuant to
Rule 24e-2(a) of the Investment Company Act of 1940. During Registrant's 1994
fiscal year, 34,055,830 shares were redeemed or repurchased of which 25,313,467
shares were used for reductions pursuant to Rule 24f-2 of the Investment
Company Act of 1940. The 8,742,363 shares remaining have been used to reduce
the maximum offering price of the 8,763,453 shares being registered.
*** Minimum fee pursuant to Rule 24e-2(a)2 promulgated under the Investment
Company Act of 1940.
/X/ It is proposed that this filing will become effective on August 17, 1995
pursuant to paragraph (b) of Rule 485.
Page 1 of 6
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, and the
Investment Company Act of 1940, the Registrant certifies that it meets all of
the requirements for effectiveness of this Registration Statement pursuant to
Rule 485(b) under the Securities Act of 1933 and has duly caused this amendment
to its registration statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Los Angeles, and State of California,
on the 11th day of August, 1995.
THE AMERICAN FUNDS INCOME SERIES
/s/ Paul G. Haaga, Jr.
Paul G. Haaga, Jr., Chairman
Pursuant to the requirements of the Securities Act of 1933, this amendment
to registration statement has been signed below on August 11, 1995 by the
following persons in the capacities indicated.
<TABLE>
<CAPTION>
<S> <C> <C>
Signature Title
(1) Principal Executive Officer:
/s/ Abner D. Goldstine President
(Abner D. Goldstine)
(2) Principal Financial Officer and
Principal Accounting Officer:
/s/ Mary C. Cremin Treasurer
(Mary C. Cremin)
(3) Trustees:
H. Frederick Christie* Trustee
Diane C. Creel /1/ Trustee
Martin Fenton, Jr.* Trustee
Leonard R. Fuller /1/ Trustee
/s/ Abner D. Goldstine President and Trustee
Abner D. Goldstine
/s/ Paul G. Haaga, Jr. Chairman of the Board
Paul G. Haaga, Jr.
Herbert Hoover III* Trustee
Richard G. Newman Trustee
Peter C. Valli Trustee
</TABLE>
/1/ Powers of Attorney attached hereto.
*By /s/ Julie F. Williams
Julie F. Williams, Attorney-in-fact
Exhibit -- Opinion of Morrison & Foerster
-2-
POWER OF ATTORNEY
I, Diane C. Creel, the undersigned Trustee of The American Funds Income
Series, a Massachusetts business trust, revoking all prior powers of attorney
given as a Trustee of The American Funds Income Series do hereby constitute and
appoint Mary C. Cremin, Michael J. Downer, Paul G. Haaga, Jr., Kimberly S.
Verdick and Julie F. Williams, or any of them, to act as attorneys-in-fact for
and in my name, place and stead (1) to sign my name as Trustee of said Trust to
any and all Registration Statements of The American Funds Income Series, File
No. 2-98199, under the Securities Act of 1933 as amended and/or the Investment
Company Act of 1940, as amended, and any and all amendments thereto, said
Registration Statements and amendments to be filed with the Securities and
Exchange Commission, and to any and all reports, applications or renewal of
applications required by any State in the United States of America in which
this Trust is registered to sell shares, and (2) to deliver any and all such
Registration Statements and amendments, so signed, for filing with the
Securities and Exchange Commission under the provisions of the Securities Act
of 1933 as amended and/or the Investment Company Act of 1940, as amended,
granting to said attorneys-in-fact, and each of them, full power and authority
to do and perform every act and thing whatsoever requisite and necessary to be
done in and about the premises as fully to all intents and purposes as the
undersigned might or could do if personally present, hereby ratifying and
approving the acts of said attorneys-in-fact.
EXECUTED at Los Angeles, California, this 12th day of December, 1994.
/s/ Diane C. Creel
Diane C. Creel, Trustee
POWER OF ATTORNEY
I, Leonard R. Fuller, the undersigned Trustee of The American Funds Income
Series, a Massachusetts business trust, revoking all prior powers of attorney
given as a Trustee of The American Funds Income Series do hereby constitute and
appoint Mary C. Cremin, Michael J. Downer, Paul G. Haaga, Jr., Kimberly S.
Verdick and Julie F. Williams, or any of them, to act as attorneys-in-fact for
and in my name, place and stead (1) to sign my name as Trustee of said Trust to
any and all Registration Statements of The American Funds Income Series, File
No. 2-98199, under the Securities Act of 1933 as amended and/or the Investment
Company Act of 1940, as amended, and any and all amendments thereto, said
Registration Statements and amendments to be filed with the Securities and
Exchange Commission, and to any and all reports, applications or renewal of
applications required by any State in the United States of America in which
this Trust is registered to sell shares, and (2) to deliver any and all such
Registration Statements and amendments, so signed, for filing with the
Securities and Exchange Commission under the provisions of the Securities Act
of 1933 as amended and/or the Investment Company Act of 1940, as amended,
granting to said attorneys-in-fact, and each of them, full power and authority
to do and perform every act and thing whatsoever requisite and necessary to be
done in and about the premises as fully to all intents and purposes as the
undersigned might or could do if personally present, hereby ratifying and
approving the acts of said attorneys-in-fact.
EXECUTED at Los Angeles, California, this 12th day of December, 1994.
/s/ Leonard R. Fuller
Leonard R. Fuller, Trustee
August 15, 1995
The American Funds Income Series
333 South Hope Street
Los Angeles, California 90071
Re: Issuance and Sale of 8,763,453 Shares of U.S. Government Securities Fund;
Registration on Form N-1A Pursuant to Rule 24e-2
Ladies and Gentlemen:
The American Funds Income Series (the "Fund") has requested our opinion on
connection with the registration for offer and sale by the Fund of 8,763,453
shares of capital stock of the Fund (the "Stock"). We understand that a copy
of this opinion will be provided to the Securities and Exchange Commission
pursuant to Item 24(b)(10) of Part C of Form N-1A under the Investment Company
Act of 1940, as amended.
We have examined documents relating to the organization of the Fund and
the authorization for registration and issuance of shares of the Fund.
Based upon and subject to the foregoing, we are of the opinion that:
The issuance and sale of the Stock by the Fund have been duly and validity
authorized by all appropriate corporate action and, assuming that the Stock
will be registered by post-effective amendment to the Fund's Form N-1A
Registration Statement, and that the delivery of the Stock and that the payment
therefor will be in accordance with the description set forth in the Fund's
current prospectus under the Securities Act of 1933, the Stock will be duly
authorized and validly issued, fully paid and nonassessable when sold.
We consent to the submission of a copy of this opinion to the Securities
and Exchange Commission in connection with the filing of the Fund's
Post-Effective Amendment No. 16 to Form N-1A under the Securities Act of 1933
(SEC file no. 2-98199).
The opinion given above is subject to the condition that the Fund will
comply with the provisions of any applicable laws, regulations and permits of
any state or foreign country in which any of the Stock is sold.
Very truly yours,
Morrison & Foerster
