GALAXY FUND /DE/
485BPOS, 2000-05-05
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<PAGE>

             As filed with the Securities and Exchange Commission on May 5, 2000
                                                 Securities Act File No. 33-4806
                                        Investment Company Act File No. 811-4636

================================================================================
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549
                                    FORM N-1A
             REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
                                                                             /X/

                           PRE-EFFECTIVE AMENDMENT NO.

                         POST-EFFECTIVE AMENDMENT NO. 47
                                                                             /X/
                                       and
                                                                             /X/
         REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
                                                                             /X/
                                Amendment No. 48

                                 The Galaxy Fund
               (Exact Name of Registrant as Specified in Charter)
                               4400 Computer Drive
                      Westborough, Massachusetts 01581-5108
                    (Address of Principal Executive Officers)
                         Registrant's Telephone Number:
                                 (877) 289-4252

                             W. Bruce McConnel, III
                           DRINKER BIDDLE & REATH LLP
                                One Logan Square
                             18th and Cherry Streets
                        Philadelphia, Pennsylvania 19103
                     (Name and Address of Agent for Service)

                                    Copy to:
                          Jylanne Dunne, Vice President
                                    PFPC Inc.
                               4400 Computer Drive
                      Westborough, Massachusetts 01581-5108

It is proposed that this filing will become effective (check appropriate box):

      [ ] immediately upon filing pursuant to paragraph (b)
      [X] on June 1, 2000 pursuant to paragraph (b)
      [ ] 60 days after filing pursuant to paragraph (a)(i)
      [ ] on (date) pursuant to paragraph (a)(i)
      [ ] 75 days after filing pursuant to paragraph (a)(ii)
      [ ] on (date) pursuant to paragraph (a)(ii) of Rule 485.

If appropriate, check the following box:

      [X] this post-effective amendment designates a new effective date for a
previously filed post-effective amendment.

            Title of Securities Being Registered: Shares of Beneficial Interest.


<PAGE>

The purpose of this Post-Effective Amendment to the Registrant's Registration
Statement on Form N-1A is to designate June 1, 2000 as the new effective date
for Post-Effective Amendment No. 43 to the Registrant's Registration Statement
on Form N-1A ("Post-Effective Amendment No. 43") as filed pursuant to Rule
485(a)(i) with the Securities and Exchange Commission on February 23, 2000 and
which has not yet become effective. Pursuant thereto, Post-Effective Amendment
No. 43, including the prospectuses and statements of additional information
included therein, are incorporated herein in their entirety.

                                      -2-
<PAGE>

                                 THE GALAXY FUND

                                POWER OF ATTORNEY
                                -----------------

         KNOW ALL MEN BY THESE PRESENTS, that the undersigned hereby appoints
John T. O'Neill and W. Bruce McConnel, III, and either of them, his true and
lawful attorney-in-fact and agent, with full power of substitution and
resubstitution, for him and in his name, place and stead, in his capacity as
trustee or officer, or both, of The Galaxy Fund (the "Trust"), to execute any
and all amendments to the Trust's Registration Statement on Form N-1A pursuant
to the Investment Company Act of 1940, as amended, and the Securities Act of
1933, as amended (the "Acts"), and all instruments necessary or incidental in
connection therewith pursuant to said Acts and any rules, regulations, or
requirements of the Securities and Exchange Commission in respect thereof, and
to file the same with the Securities and Exchange Commission, and either of said
attorneys shall have full power and authority, to do and perform in the name and
on behalf of the undersigned in any and all capacities, every act whatsoever
requisite or necessary to be done, as fully and to all intents and purposes as
he might or could do in person, hereby ratifying and confirming all that said
attorneys, or either of them, may lawfully do or cause to be done by virtue
hereof.

Dated:  December 4, 1996                  /s/Dwight E. Vicks, Jr.
                                          --------------------------
                                          Dwight E. Vicks, Jr.


<PAGE>

                                 THE GALAXY FUND

                                POWER OF ATTORNEY
                                -----------------

         KNOW ALL MEN BY THESE PRESENTS, that the undersigned hereby appoints
John T. O'Neill and W. Bruce McConnel, III, and either of them, his true and
lawful attorney-in-fact and agent, with full power of substitution and
resubstitution, for him and in his name, place and stead, in his capacity as
trustee or officer, or both, of The Galaxy Fund (the "Trust"), to execute any
and all amendments to the Trust's Registration Statement on Form N-1A pursuant
to the Investment Company Act of 1940, as amended, and the Securities Act of
1933, as amended (the "Acts"), and all instruments necessary or incidental in
connection therewith pursuant to said Acts and any rules, regulations, or
requirements of the Securities and Exchange Commission in respect thereof, and
to file the same with the Securities and Exchange Commission, and either of said
attorneys shall have full power and authority, to do and perform in the name and
on behalf of the undersigned in any and all capacities, every act whatsoever
requisite or necessary to be done, as fully and to all intents and purposes as
he might or could do in person, hereby ratifying and confirming all that said
attorneys, or either of them, may lawfully do or cause to be done by virtue
hereof.

Dated:  December 5, 1996                       /s/Donald B. Miller
                                               ---------------------
                                               Donald B. Miller


<PAGE>

                                 THE GALAXY FUND

                                POWER OF ATTORNEY
                                -----------------

         KNOW ALL MEN BY THESE PRESENTS, that the undersigned hereby appoints
John T. O'Neill and W. Bruce McConnel, III, and either of them, his true and
lawful attorney-in-fact and agent, with full power of substitution and
resubstitution, for him and in his name, place and stead, in his capacity as
trustee or officer, or both, of The Galaxy Fund (the "Trust"), to execute any
and all amendments to the Trust's Registration Statement on Form N-1A pursuant
to the Investment Company Act of 1940, as amended, and the Securities Act of
1933, as amended (the "Acts"), and all instruments necessary or incidental in
connection therewith pursuant to said Acts and any rules, regulations, or
requirements of the Securities and Exchange Commission in respect thereof, and
to file the same with the Securities and Exchange Commission, and either of said
attorneys shall have full power and authority, to do and perform in the name and
on behalf of the undersigned in any and all capacities, every act whatsoever
requisite or necessary to be done, as fully and to all intents and purposes as
he might or could do in person, hereby ratifying and confirming all that said
attorneys, or either of them, may lawfully do or cause to be done by virtue
hereof.

Dated:  December 5, 1996                       /s/Brother Louis DeThomasis
                                               ---------------------------
                                               Brother Louis DeThomasis


<PAGE>

                                 THE GALAXY FUND

                                POWER OF ATTORNEY
                                -----------------

         KNOW ALL MEN BY THESE PRESENTS, that the undersigned hereby appoints
John T. O'Neill and W. Bruce McConnel, III, and either of them, his true and
lawful attorney-in-fact and agent, with full power of substitution and
resubstitution, for him and in his name, place and stead, in his capacity as
trustee or officer, or both, of The Galaxy Fund (the "Trust"), to execute any
and all amendments to the Trust's Registration Statement on Form N-1A pursuant
to the Investment Company Act of 1940, as amended, and the Securities Act of
1933, as amended (the "Acts"), and all instruments necessary or incidental in
connection therewith pursuant to said Acts and any rules, regulations, or
requirements of the Securities and Exchange Commission in respect thereof, and
to file the same with the Securities and Exchange Commission, and either of said
attorneys shall have full power and authority, to do and perform in the name and
on behalf of the undersigned in any and all capacities, every act whatsoever
requisite or necessary to be done, as fully and to all intents and purposes as
he might or could do in person, hereby ratifying and confirming all that said
attorneys, or either of them, may lawfully do or cause to be done by virtue
hereof.

Dated:  December 5, 1996                       /s/Bradford S. Wellman
                                               ----------------------
                                               Bradford S. Wellman


<PAGE>

                                 THE GALAXY FUND

                                POWER OF ATTORNEY
                                -----------------

         KNOW ALL MEN BY THESE PRESENTS, that the undersigned hereby appoints
John T. O'Neill and W. Bruce McConnel, III, and either of them, his true and
lawful attorney-in-fact and agent, with full power of substitution and
resubstitution, for him and in his name, place and stead, in his capacity as
trustee or officer, or both, of The Galaxy Fund (the "Trust"), to execute any
and all amendments to the Trust's Registration Statement on Form N-1A pursuant
to the Investment Company Act of 1940, as amended, and the Securities Act of
1933, as amended (the "Acts"), and all instruments necessary or incidental in
connection therewith pursuant to said Acts and any rules, regulations, or
requirements of the Securities and Exchange Commission in respect thereof, and
to file the same with the Securities and Exchange Commission, and either of said
attorneys shall have full power and authority, to do and perform in the name and
on behalf of the undersigned in any and all capacities, every act whatsoever
requisite or necessary to be done, as fully and to all intents and purposes as
he might or could do in person, hereby ratifying and confirming all that said
attorneys, or either of them, may lawfully do or cause to be done by virtue
hereof.

Dated:  December 5, 1996                       /s/James M. Seed
                                               --------------------
                                               James M. Seed
<PAGE>

                                   SIGNATURES

     Pursuant to the requirements of the Securities Act of 1933, as amended, and
the Investment Company Act of 1940, as amended, Registrant hereby certifies that
it meets all the requirements for effectiveness of this Registration Statement
pursuant to Rule 485(b) under the Securities Act of 1933, as amended and has
duly caused this Post-Effective Amendment No. 47 to its Registration Statement
to be signed on its behalf by the undersigned, thereto duly authorized, in
Bonita Springs, Florida, on the 5th day of May, 2000.

                                        THE GALAXY FUND
                                        Registrant


                                        /s/ John T. O'Neill
                                        --------------------------
                                        President
                                        John T. O'Neill

          Pursuant to the requirements of the Securities Act of 1933, this
Post-Effective Amendment No. 47 to the Registration Statement has been signed
below by the following persons in the capacities and on the dates indicated.

Signature                         Title                              Date
- ---------                         -----                             ----

/s/ John T. O'Neill               Trustee, President             May 5, 2000
- ---------------------------       and Treasurer
John T. O'Neill

*/s/ Dwight E. Vicks, Jr.         Chairman of the Board          May 5, 2000
- ---------------------------       of Trustees
Dwight E. Vicks, Jr.

*/s/ Donald B. Miller             Trustee                        May 5, 2000
- ---------------------------
Donald B. Miller

*/s/ Louis De Thomasis            Trustee                        May 5, 2000
- ---------------------------
Louis De Thomasis

*/s/ Bradford S. Wellman          Trustee                        May 5, 2000
- ---------------------------
Bradford S. Wellman

*/s/ James M. Seed                Trustee                        May 5, 2000
- ---------------------------
James M. Seed

*By: /s/ John T. O'Neill
     ----------------------
     John T. O'Neill
     Attorney-In-Fact





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