February 27, 1995
U.S. Securities and Exchange Commission
Attn: Filing Desk
450 5th Street, N.W.
Washington, DC 20549
RE: Rule 24(f)-2 Notice for Plan Investment Fund, Inc.
File No. 2-99584
Dear Gentlemen and Ladies:
Pursuant to Rule 24(f)-2 of the Investment Company Act of 1940, the
above referenced Fund hereby files the following:
1.Rule 24(f)-2 Notice; and
2.Opinion of Counsel.
We will obtain confirmation of this filing via our CompuServe account,
72741,733. If there are any questions on this filing I can be reached
at (302) 791-2919.
Very Truly Yours,
Wendy McGee
Legal Assistant
Enclosures
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
RULE 24f-2 NOTICE
FOR
PLAN INVESTMENT FUND, INC.
(Name of Registrant)
Securities Act of 1933 File No. 2-99584
676 St. Clair Street
Chicago, IL 60611
(Address of Principal Executive Offices)
Money Market Portfolio PC's, $.001 par value
Short Term Portfolio PC's, $.001 par value
(Securities with Respect to which Notice is Filed)
1.The following information is set forth pursuant to the
requirements of Rule 24f-2 (b) (1):
(i)Fiscal year for which notice is filed:
For the fiscal year ended December 31, 1994.
(ii)The number or amount of securities of the same class or series,
if any, which had been registered under the Securities Act of
1933 other than pursuant to Rule 24f-2 but which remained
unsold at the beginning of such fiscal year.
None.
(iii)The number or amount of securities, if any, registered during
such fiscal year other than pursuant to Rule 24f-2.
Money Market Portfolio: $190,945,256 PC's 190,945,256
Short-Term Portfolio: $ 14,841,647 PC's 1,471,860
(iv)The number or amount of securities sold during such fiscal
year: (See Exhibit A)
Money Market Portfolio (1) $6,086,561,540
Short-Term Portfolio (2) $96,971,954
(v)The number or amount of securities sold during such fiscal year
in reliance upon registration pursuant to Rule 24f-2*: (See
Exhibit A)
Money Market Portfolio: $5,895,616,284
PC's: (1) 5,895,616,284
Short-Term Portfolio: $ 82,130,307
PC's: (2) 8,241,176
2.An opinion of counsel with respect to the validity of the PC's
accompanies this notice.
3.Filing Fee with respect to shares specified in 1(v) above:
Filing fee (bank check enclosed) $-0-
Dated: February 27, 1995
Plan Investment Fund, Inc.
By:
Peter Norton
Assistant Secretary
<PAGE>
EXHIBIT A
The actual aggregate sales price for which the Portfolio Shares were sold and
the actual redemption price of the Portfolio Shares redeemed by the Registrant
during the fiscal year ended December 31, 1994, and the calculation of the
registration fee pursuant to Rule 24f-2(c) of the Investment Company Act
of 1940 are set forth below:
<TABLE>
(a) (b) (c) (d)
Aggregate Sales
Price of Aggregate Sales
Portfolio Securities Aggregate Redemption Price of Porfolio
Sold in Reliance Price of Portfolio Securities on Which
Name of Gross Portfolio 24e-2 Portfolio Upon Rule 24f-2 Securities Redeemed Fee Will Be Based
Portfolio Securities Sold Securities ((a) minus (b)) During Fiscal Year ((c) minus (d))
<S> <C> <C> <C> <C> <C>
Plan
Investment
Fund
Money Market
Portfolio $6,086,561,540 $190,945,256 $5,895,616,284 $6,121,061,465 $(225,445,181) (A)
Short-Term
Portfolio $96,971,954 $14,841,647 $82,130,307 $183,832,374 $(101,702,067) (B)
($)
(shares) 9,713,036 1,471,860 8,241,176 18,429,870 (10,188,694)
</TABLE>
No portion of the aggregate redemption price has been applied by Registrant
pursuant to Rule 24e-2(a) in a filing made pursuant to Section 24(e)(1) of
the Investment Company Act of 1940. Pursuant to Rule 24f-2(c) of the
Investment Company Act of 1940, the registration fee with respect to the
Portfolio Shares sold is calculated as follows:
A) $5,895,616,284 - $6,121,061,465 = $(225,445,181) x .00034483 = $0
B) $82,130,307 - $183,832,374 = $(101,702,067) x .00034483 = $0
Therefore, no registration fee is due.
February 17, 1995
Plan Investment Fund, Inc.
676 North St. Clair Street
Chicago, Illinois 60611
Re: Rule 24f-2 Notice
for Plan Investment Fund, Inc.
1933 Act File No. 2-99584
Gentlemen:
You have requested that we, as counsel to Plan Investment Fund, Inc. ("PIF"),
render an opinion in connection with the filing by PIF of a notice required
by Rule 24f-2 under the Investment Company Act of 1940 (the "Notice") for
PIF's fiscal year ended December 31, 1994. Paragraph 1.(iv) of the Notice
states that, during the fiscal year ended December 31, 1994, PIF sold a total
amount of (i) $6,086,561,540 of participation certificates ("PCs"), par value
$.001 per PC, of PIF's Money Market Portfolio ("Money Market PCs"), exclusive
of PCs issued upon reinvestment of dividends, and (ii) $96,971,954 of PCs, par
value $.001 per PC, of PIF's Short-Term Portfolio ("Short-Term PCs"),
exclusive of PCs issued upon reinvestment of dividends.
Exhibit A to the Notice states that, during the fiscal year ended December 31,
1994, the actual aggregate sales price of Money Market PCs, exclusive of PCs
issued upon reinvestment of dividends, sold by PIF and the actual aggregate
redemption price of Money Market PCs redeemed by PIF was $5,895,616,284 and
$6,121,061,465, respectively. Exhibit A to the Notice also states that,
during the fiscal year ended December 31, 1994, the actual aggregate sales
price of Short-Term PCs, exclusive of PCs issued upon reinvestment of
dividends, sold by PIF and the actual aggregate redemption price of Short-Term
PCs redeemed by PIF was $82,130,307 and $183,832,374, respectively. As stated
in Exhibit A to the Notice, the amount of securities sold during the fiscal
year in reliance upon registration under the Securities Act of 1933 pursuant
to Rule 24f-2 under the Investment Company Act of 1940 was $5,895,616,284
(5,895,616,284 PCs) for the Money Market Portfolio and $82,130,307 (8,241,176
PCs) for the Short-Term Portfolio.
We have examined PIF's Amended and Restated Articles of Incorporation, its
By-laws, resolutions adopted by its Board of Trustees, and other records and
documents of PIF that we have deemed necessary for the purpose of this
opinion. We have also examined certain other documents, papers, statutes
and authorities as we have deemed necessary to form a basis for the opinion
hereinafter expressed.
On the basis of the foregoing, and assuming that all of the Money Market PCs
and the Short-Term PCs were sold in accordance with the terms of PIF'S
prospectus in effect at the time of sale, we are of the opinion that the Money
Market PCs and the Short-Term PCs were legally issued by PIF, and are fully
paid and non-assessable.
Very truly yours,
SEYFARTH, SHAW, FAIRWEATHER & GERALDSON
BXR/DSS
1044124