VOLUMETRIC FUND, INC.
A No-Load Fund
87 Violet Drive Pearl River, NY 10965
914-623-7637 800-541-3863
Securities and Exchange Commission
450 Fifth Street
Washington, DC 20549
Attention: 1933 Act Filings
Rule 24f-2 Notice for Volumetric Fund Registration
Statement No. 33-12703
Dear Sir or Madam:
May 14, 1996
On March 27th, 1995, Post Effective Amendment No. 8 to the Registration
Statement of Volumetric Fund, Inc. became effective by the SEC. The Amendment
represents the Fund's election to register an indefinite number of shares for
the fiscal year ended December 31, 1995, and thereafter, this Notice filed
pursuant to Rule 24f-2, is for the fiscal year ended December 31, 1995.
The following information is furnished:
Shares Dollar Amount
------ -------------
(a) Total number of shares
sold during fiscal year
ended December 31, 1995,
in reliance upon registration
under Rule 24f-2: 44,401 $ 696,197
(b) Less shares redeemed during
fiscal year ended
December 31, 1995: (79,904) (1,256,959)
-------- -----------
(35,503) $( 560,762)
======== ===========
CALCULATION OF FEE
Since this filing is submitted more than 60 days after the end of our fiscal
year, gross sales in lieu of net sales are used for the calculation of fee.
1/29 of 1% of sales: 0.01 * 696,197 / 29 = $240.06
A check of $240.06 is enclosed for the above fee. The opinion of counsel is
enclosed.
Very truly yours,
/s/ Gabriel Gibs
Gabriel Gibs, President
Enclosures
(5 copies of letter & opinion)
RAYMOND T. MUNDY
Attorney-At-Law
232 Route 306
Monsey, New York 10952
914-354-2361
May 13, 1996
Gabriel Gibs, President
Volumetric Fund, Inc.
87 Violet Drive
Pearl River, New York 10965
Dear Mr. Gibs,
This letter is in response to your request for my opinion in connection
with the filing by the Fund of a "Rule 24f-2 Notice" pursuant to Rule 24f-2
promulgated under the Investment Company Act of 1940. In such notice you
have reported the sale during the fiscal year ended December 31, 1995 of an
aggregate of 44,401 shares of your common stock (the "Shares").
In rendering this opinion, I have examined a copy of the Articles of
Incorporation and By-Laws of the Fund, the Fund's registration statement and
amendments thereto, the Rule 24f-2 Notice, the original or reproduced copies
of all such records of the Fund, agreements, certificates of officers of the
Fund and others, and such other documents, papers, statutes and authorities
as I deemed necessary to form a basis for the opinion hereinafter expressed.
As to matters of fact relevant to such opinion, I have relied upon the Rule
24f-2 Notice and statements and certificates of officers and representitives
of the Fund and others. I have assumed the genuineness of all signatures and
the conformity to the original documents of copies supplied to me as
reproduced copies.
Based upon the foregoing, I am of the opinion that the Shares referred to
in the Rule 24f-2 Notice were validly issued and are fully paid and non-
assessable.
I consent to the filing of this opinion with the Rule 24f-2 Notice
referred to above. In giving such permission, I do not admit thereby that I
come within the catagory of persons whose consent is required under Section 7
of the Securities Act of 1933 or the rules and regulations of the Securities
and Exchange Commission thereunder.
Very Truly Yours,
/s/ Raymond T. Mundy
Raymond T. Mundy
