KEYSTONE INTERNATIONAL FUND INC
485B24E, 1995-09-27
OIL ROYALTY TRADERS
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<PAGE>

AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON SEPTEMBER 27, 1995
                                                              File No. 2-21640/
                                                                       811-1231

                SECURITIES AND EXCHANGE COMMISSION
                      Washington, D.C. 20549


                             FORM N-1A


REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933                ---

  Pre-Effective Amendment No.                                          ---

  Post-Effective Amendment No. 62                                       X
                                                                       ---
                                      and

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940

  Amendment No. 24                                                     ---


                        KEYSTONE INTERNATIONAL FUND INC.
               (Exact name of Registrant as specified in Charter)


             200 Berkeley Street, Boston, Massachusetts 02116-5034
              (Address of Principal Executive Offices) (Zip Code)

Registrant's Telephone Number, including Area Code:(617) 338-3200

              Rosemary D. Van Antwerp, Esq., 200 Berkeley Street,
                        Boston, Massachusetts 02116-5034
                    (Name and Address of Agent for Service)


It is proposed that this filing will become effective

 X    immediately upon filing pursuant to paragraph (b)

- ---   on (date) pursuant to paragraph (b)

- ---   60 days after filing pursuant to paragraph (a)(1)

- ---   on (date) pursuant to paragraph (a)(1)

- ---   75 days after filing pursuant to paragraph (a)(2)

- ---   on (date) pursuant to paragraph (a)(2) of Rule 485.
<PAGE>

        CALCULATION OF REGISTRATION FEE UNDER THE SECURITIES ACT OF 1933

                             Proposed     Proposed
Title of                     Maximum      Maximum
Securities     Amount        Offering     Aggregate   Amount of
Being          Being         Price        Offering    Registration
Registered     Registered    Per Unit*    Price**     Fee
- ------------------------------------------------------------------
Shares of      6,262,176     $7.28        $289,993    $100
$1.00 Par
Value
- ------------------------------------------------------------------

* Computed under Rule 457(d) on the basis of the offering price per share at the
close of business on September 22, 1995.

** The calculation of the maximum aggregate offering price is made pursuant to
Rule 24e-2 under the Investment Company Act of 1940. 14,595,196 shares of the
Fund were redeemed during its fiscal year ended September 30, 1994. Of such
shares, 8,372,854 were used for a reduction pursuant to Rule 24f-2 (c) during
the fiscal year ended September 30, 1994. The remaining 6,222,342 shares are
being used for a reduction in this filing.

         The Registrant has filed a declaration pursuant to Rule
24f-2 under the Investment Company Act of 1940. The Registrant's fiscal year end
was changed to October 31 from September 30. A Rule 24f-2 Notice for the
Registrant's fiscal year ended September 30, 1994 was filed on November 29,
1994. A Rule 24f-2 Notice for Registrant's one month fiscal year ended October
31, 1994 was filed on December 1, 1994.
<PAGE>



                        KEYSTONE INTERNATIONAL FUND INC.

                                  CONTENTS OF

                       POST-EFFECTIVE AMENDMENT NO. 62 to

                             REGISTRATION STATEMENT





         This Post-Effective Amendment No. 62 to Registration Statement No.
2-21640/811-1231 incorporates by reference, without change, all other
information contained in Post-Effective Amendment No. 61 to Registration
Statement No. 2-21640/811-1231.
<PAGE>

                                   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 Amendment to its 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 Boston, in The
Commonwealth of Massachusetts, on the 27th day of September, 1995.


                                              KEYSTONE INTERNATIONAL FUND INC.


                                              By:
                                                 ----------------------------
                                                 George S. Bissell*
                                                 Chairman of the Board


                                             *By:
                                                 ----------------------------
                                                 Melina M.T. Murphy**
                                                 Attorney-in-Fact


Pursuant to the requirements of the Securities Act of 1933, this Amendment to
the Registration Statement has been signed below by the following persons in the
capacities indicated on the 27th day of September, 1995.


SIGNATURES                                    TITLE
- ----------                                    -----

                                              Chairman of the Board and Director
- ----------------------------
George S. Bissell*


                                              Chief Executive Officer, President
- ----------------------------                  and Director
Albert H. Elfner, III*                        


                                              Treasurer (Chief Financial Officer
- ----------------------------                  and Principal Accounting Officer)
Kevin J. Morrissey*                           



                                             *By
                                                 ----------------------------
                                                 Melina M.T. Murphy**
                                                 Attorney-in-Fact
<PAGE>

SIGNATURES                                    TITLE
- ----------                                    -----

                                              Director
- ----------------------------
Frederick Amling*

                                              Director
- ----------------------------
Charles A. Austin, III*

                                              Director
- ----------------------------
Edwin D. Campbell*

                                              Director
- ----------------------------
Charles F. Chapin*

                                              Director
- ----------------------------
Leroy Keith, Jr.*

                                              Director
- ----------------------------
K. Dun Gifford*

                                              Director
- ----------------------------
F. Ray Keyser, Jr.*

                                              Director
- ----------------------------
David M. Richardson*

                                              Director
- ----------------------------
Richard J. Shima*

                                              Director
- ----------------------------
Andrew J. Simons*



                                             *By:
                                                 ----------------------------
                                                 Melina M.T. Murphy**
                                                 Attorney-in-Fact


**Melina M.T. Murphy, by signing her name hereto, does hereby sign this document
on behalf of each of the above-named Directors and officers of the Registrant
pursuant to powers of attorney duly executed by such persons and attached hereto
as Exhibit 24(b)(19).
<PAGE>


                               INDEX TO EXHIBITS

                                                               Page Number
                                                               In Sequential
Exhibit Number             Exhibit                             Numbering System
- --------------             -------                             ----------------
     1                Articles of Organization(1)

     2                By-Laws(1)

     4                Specimen Stock Certificate(1)

     5  (A)           Management Agreement(7)
        (B)           Advisory Agreement(7)

     6                Principal Underwriting Agreement(7)
        (A)           Dealers Agreement(4)

     8                Custodian, Fund Accounting and
                        Recordkeeping Agreement(2)
                      Amendments to Custody Agreement(5)

    10                Opinion and Consent of Counsel

    11                Independent Auditors' Consent(8)

    14                Copies of Model Plans(6)

    15                Distribution Plan(3)

    16                Performance Data Schedules(8)

    17                Financial Data Schedule(8)

    19                Powers of Attorney

- --------------

         (1)Incorporated herein by reference to Post-Effective Amendment No. 29
to Registration Statement No. 2-21640/811-1231.

         (2)Incorporated herein by reference to Post-Effective Amendment No. 31
to Registration Statement No. 2-21640/811-1231.

         (3)Incorporated herein by reference to Post-Effective Amendment No. 40
to Registrant Statement No. 2-21640/811-1231.

         (4)Incorporated herein by reference to Post-Effective Amendment No. 54
to Registration Statement No. 2-21640/811-1231.

         (5)Incorporated herein by reference to Post-Effective Amendment No. 58
to Registration Statement No. 2-21640/811-1231

         (6)Incorporated herein by reference to Post-Effective Amendment No. 66
to Registration Statement No. 2-10527

         (7)Incorporated herein by reference to Post-Effective Amendment No. 59
to Registration Statement No. 2-21640/811-1231

         (8)Incorporated herein by reference to PEA No. 61 to Registration
Statement No. 2-21640/811-1231


<PAGE>
                                                                   EXHIBIT 99.10

                                                              September 27, 1995



Keystone International Fund Inc.
200 Berkeley Street
Boston, Massachusetts  02116-5034

Gentlemen:

         I am a Senior Vice President of and General Counsel to Keystone
Investment Management Company (formerly named Keystone Custodian Funds, Inc.),
investment adviser to Keystone International Fund Inc. (the "Fund"). You have
asked for my opinion with respect to the proposed issuance of 6,262,176
additional shares of the Fund.

         To my knowledge, a Prospectus is on file with the Securities and
Exchange Commission (the "Commission") as part of Post-Effective Amendment No.
61 to the Fund's Registration Statement, which covers the public offering and
sale of the Fund shares currently registered with the Commission.

         In my opinion, such additional shares, if issued and sold in accordance
with the Fund's Articles of Incorporation and offering Prospectus, will be
legally issued, fully paid, and nonassessable by the Fund, entitling the holders
thereof to the rights set forth in the Articles of Incorporation and subject to
the limitations set forth therein.

         My opinion is based upon my examination of the Fund's Articles of
Incorporation and By-Laws; a review of the minutes of the Fund's Board of
Directors authorizing the issuance of such additional shares; and the Fund's
Prospectus. In my examination of such documents, I have assumed the genuineness
of all signatures and the conformity of copies to originals.

         I hereby consent to the use of this opinion in connection with
Post-Effective Amendment No. 62 to the Fund's Registration Statement, which
covers the registration of such additional shares.


                                               Very truly yours,



                                               Rosmary D. Van Antwerp
                                               Senior Vice President and
                                               General Counsel


                                                                   EXHIBIT 99.19

<PAGE>

                               POWER OF ATTORNEY

         I, the undersigned, hereby constitute Roger T. Wickers, Rosemary D. Van
Antwerp, Jean S. Loewenberg, Dorothy E. Bourassa, James M. Wall and Melina M. T.
Murphy, each of them singly, my true and lawful attorneys, with full power to
them and each of them to sign for me and in my name in the capacity indicated
below any and all registration statements, including, but not limited to, Forms
N-8A, N-8B-1, S-5, N-1 and N-1A, as amended from time to time, and any and all
amendments thereto to be filed with the Securities and Exchange Commission for
the purpose of registering from time to time all investment companies of which I
am now or hereafter a Director or Trustee and/or Chairman of the Board and Chief
Executive Officer and for which Keystone Custodian Funds, Inc. serves as Adviser
or Manager and registering from time to time the shares of such companies, and
generally to do all such things in my name and in my behalf to enable such
investment companies to comply with the provisions of the Securities Act of
1933, as amended, the Investment Company Act of 1940, as amended, and all
requirements and regulations of the Securities and Exchange Commission
thereunder, hereby ratifying and confirming my signature as it may be signed by
my said attorneys to any and all registration statements and amendments thereto.



                                               /s/ George S. Bissell
                                                   George S. Bissell
                                                   Director/Trustee,
                                                   Chairman of the Board



Dated: December 14, 1994
<PAGE>



                               POWER OF ATTORNEY

         I, the undersigned, hereby constitute Roger T. Wickers, Rosemary D. Van
Antwerp, Jean S. Loewenberg, Dorothy E. Bourassa, James M. Wall and Melina M. T.
Murphy, each of them singly, my true and lawful attorneys, with full power to
them and each of them to sign for me and in my name in the capacity indicated
below any and all registration statements, including, but not limited to, Forms
N-8A, N-8B-1, S-5, N-1 and N-1A, as amended from time to time, and any and all
amendments thereto to be filed with the Securities and Exchange Commission for
the purpose of registering from time to time all investment companies of which I
am now or hereafter a Director or Trustee and/or Chief Executive Officer and for
which Keystone Custodian Funds, Inc. serves as Adviser or Manager and
registering from time to time the shares of such companies, and generally to do
all such things in my name and in my behalf to enable such investment companies
to comply with the provisions of the Securities Act of 1933, as amended, the
Investment Company Act of 1940, as amended, and all requirements and regulations
of the Securities and Exchange Commission thereunder, hereby ratifying and
confirming my signature as it may be signed by my said attorneys to any and all
registration statements and amendments thereto.



                                           /s/ Albert H. Elfner, III
                                               Albert H. Elfner, III
                                               Director/Trustee,
                                               President and Chief
                                               Executive Officer
<PAGE>

                               POWER OF ATTORNEY

         I, the undersigned, hereby constitute Roger T. Wickers, Rosemary D. Van
Antwerp, Jean S. Loewenberg, Dorothy E. Bourassa, James M. Wall and Melina M. T.
Murphy, each of them singly, my true and lawful attorneys, with full power to
them and each of them to sign for me and in my name in the capacity indicated
below any and all registration statements, including, but not limited to, Forms
N-8A, N-8B-1, S-5, N-1 and N-1A, as amended from time to time, and any and all
amendments thereto to be filed with the Securities and Exchange Commission for
the purpose of registering from time to time all investment companies of which I
am now or hereafter a Director, Trustee or officer and for which Keystone
Custodian Funds, Inc. serves as Adviser or Manager and registering from time to
time the shares of such companies, and generally to do all such things in my
name and in my behalf to enable such investment companies to comply with the
provisions of the Securities Act of 1933, as amended, the Investment Company Act
of 1940, as amended, and all requirements and regulations of the Securities and
Exchange Commission thereunder, hereby ratifying and confirming my signature as
it may be signed by my said attorneys to any and all registration statements and
amendments thereto.



                                           /s/ Kevin J. Morrissey
                                               Kevin J. Morrissey
                                               Treasurer



Dated: December 14, 1994
<PAGE>

                               POWER OF ATTORNEY

         I, the undersigned, hereby constitute Roger T. Wickers, Rosemary D. Van
Antwerp, Jean S. Loewenberg, Dorothy E. Bourassa, James M. Wall and Melina M. T.
Murphy, each of them singly, my true and lawful attorneys, with full power to
them and each of them to sign for me and in my name in the capacity indicated
below any and all registration statements, including, but not limited to, Forms
N-8A, N-8B-1, S-5, N-1 and N-1A, as amended from time to time, and any and all
amendments thereto to be filed with the Securities and Exchange Commission for
the purpose of registering from time to time all investment companies of which I
am now or hereafter a Director or Trustee and for which Keystone Custodian
Funds, Inc. serves as Adviser or Manager and registering from time to time the
shares of such companies, and generally to do all such things in my name and in
my behalf to enable such investment companies to comply with the provisions of
the Securities Act of 1933, as amended, the Investment Company Act of 1940, as
amended, and all requirements and regulations of the Securities and Exchange
Commission thereunder, hereby ratifying and confirming my signature as it may be
signed by my said attorneys to any and all registration statements and
amendments thereto.



                                           /s/ Frederick Amling
                                               Frederick Amling
                                               Director/Trustee



Dated: December 14, 1994
<PAGE>

                               POWER OF ATTORNEY

         I, the undersigned, hereby constitute Roger T. Wickers, Rosemary D. Van
Antwerp, Jean S. Loewenberg, Dorothy E. Bourassa, James M. Wall and Melina M. T.
Murphy, each of them singly, my true and lawful attorneys, with full power to
them and each of them to sign for me and in my name in the capacity indicated
below any and all registration statements, including, but not limited to, Forms
N-8A, N-8B-1, S-5, N-1 and N-1A, as amended from time to time, and any and all
amendments thereto to be filed with the Securities and Exchange Commission for
the purpose of registering from time to time all investment companies of which I
am now or hereafter a Director or Trustee and for which Keystone Custodian
Funds, Inc. serves as Adviser or Manager and registering from time to time the
shares of such companies, and generally to do all such things in my name and in
my behalf to enable such investment companies to comply with the provisions of
the Securities Act of 1933, as amended, the Investment Company Act of 1940, as
amended, and all requirements and regulations of the Securities and Exchange
Commission thereunder, hereby ratifying and confirming my signature as it may be
signed by my said attorneys to any and all registration statements and
amendments thereto.



                                           /s/ Charles A. Austin III
                                               Charles A. Austin III
                                               Director/Trustee



Dated: December 14, 1994
<PAGE>

                               POWER OF ATTORNEY

         I, the undersigned, hereby constitute Roger T. Wickers, Rosemary D. Van
Antwerp, Jean S. Loewenberg, Dorothy E. Bourassa, James M. Wall and Melina M. T.
Murphy, each of them singly, my true and lawful attorneys, with full power to
them and each of them to sign for me and in my name in the capacity indicated
below any and all registration statements, including, but not limited to, Forms
N-8A, N-8B-1, S-5, N-1 and N-1A, as amended from time to time, and any and all
amendments thereto to be filed with the Securities and Exchange Commission for
the purpose of registering from time to time all investment companies of which I
am now or hereafter a Director or Trustee and for which Keystone Custodian
Funds, Inc. serves as Adviser or Manager and registering from time to time the
shares of such companies, and generally to do all such things in my name and in
my behalf to enable such investment companies to comply with the provisions of
the Securities Act of 1933, as amended, the Investment Company Act of 1940, as
amended, and all requirements and regulations of the Securities and Exchange
Commission thereunder, hereby ratifying and confirming my signature as it may be
signed by my said attorneys to any and all registration statements and
amendments thereto.



                                           /s/ Edwin D. Campbell
                                               Edwin D. Campbell
                                               Director/Trustee



Dated: December 14, 1994
<PAGE>

                               POWER OF ATTORNEY

         I, the undersigned, hereby constitute Roger T. Wickers, Rosemary D. Van
Antwerp, Jean S. Loewenberg, Dorothy E. Bourassa, James M. Wall and Melina M. T.
Murphy, each of them singly, my true and lawful attorneys, with full power to
them and each of them to sign for me and in my name in the capacity indicated
below any and all registration statements, including, but not limited to, Forms
N-8A, N-8B-1, S-5, N-1 and N-1A, as amended from time to time, and any and all
amendments thereto to be filed with the Securities and Exchange Commission for
the purpose of registering from time to time all investment companies of which I
am now or hereafter a Director or Trustee and for which Keystone Custodian
Funds, Inc. serves as Adviser or Manager and registering from time to time the
shares of such companies, and generally to do all such things in my name and in
my behalf to enable such investment companies to comply with the provisions of
the Securities Act of 1933, as amended, the Investment Company Act of 1940, as
amended, and all requirements and regulations of the Securities and Exchange
Commission thereunder, hereby ratifying and confirming my signature as it may be
signed by my said attorneys to any and all registration statements and
amendments thereto.



                                           /s/ Charles F. Chapin
                                               Charles F. Chapin
                                               Director/Trustee



Dated: December 14, 1994
<PAGE>

                               POWER OF ATTORNEY

         I, the undersigned, hereby constitute Roger T. Wickers, Rosemary D. Van
Antwerp, Jean S. Loewenberg, Dorothy E. Bourassa, James M. Wall and Melina M. T.
Murphy, each of them singly, my true and lawful attorneys, with full power to
them and each of them to sign for me and in my name in the capacity indicated
below any and all registration statements, including, but not limited to, Forms
N-8A, N-8B-1, S-5, N-1 and N-1A, as amended from time to time, and any and all
amendments thereto to be filed with the Securities and Exchange Commission for
the purpose of registering from time to time all investment companies of which I
am now or hereafter a Director or Trustee and for which Keystone Custodian
Funds, Inc. serves as Adviser or Manager and registering from time to time the
shares of such companies, and generally to do all such things in my name and in
my behalf to enable such investment companies to comply with the provisions of
the Securities Act of 1933, as amended, the Investment Company Act of 1940, as
amended, and all requirements and regulations of the Securities and Exchange
Commission thereunder, hereby ratifying and confirming my signature as it may be
signed by my said attorneys to any and all registration statements and
amendments thereto.



                                           /s/ K. Dun Gifford
                                               K. Dun Gifford
                                               Director/Trustee



Dated: December 14, 1994
<PAGE>

                               POWER OF ATTORNEY

         I, the undersigned, hereby constitute Roger T. Wickers, Rosemary D. Van
Antwerp, Jean S. Loewenberg, Dorothy E. Bourassa, James M. Wall and Melina M. T.
Murphy, each of them singly, my true and lawful attorneys, with full power to
them and each of them to sign for me and in my name in the capacity indicated
below any and all registration statements, including, but not limited to, Forms
N-8A, N-8B-1, S-5, N-1 and N-1A, as amended from time to time, and any and all
amendments thereto to be filed with the Securities and Exchange Commission for
the purpose of registering from time to time all investment companies of which I
am now or hereafter a Director or Trustee and for which Keystone Custodian
Funds, Inc. serves as Adviser or Manager and registering from time to time the
shares of such companies, and generally to do all such things in my name and in
my behalf to enable such investment companies to comply with the provisions of
the Securities Act of 1933, as amended, the Investment Company Act of 1940, as
amended, and all requirements and regulations of the Securities and Exchange
Commission thereunder, hereby ratifying and confirming my signature as it may be
signed by my said attorneys to any and all registration statements and
amendments thereto.



                                           /s/ Leroy Keith, Jr.
                                               Leroy Keith, Jr.
                                               Director/Trustee



Dated: December 14, 1994
<PAGE>

                               POWER OF ATTORNEY

         I, the undersigned, hereby constitute Roger T. Wickers, Rosemary D. Van
Antwerp, Jean S. Loewenberg, Dorothy E. Bourassa, James M. Wall and Melina M. T.
Murphy, each of them singly, my true and lawful attorneys, with full power to
them and each of them to sign for me and in my name in the capacity indicated
below any and all registration statements, including, but not limited to, Forms
N-8A, N-8B-1, S-5, N-1 and N-1A, as amended from time to time, and any and all
amendments thereto to be filed with the Securities and Exchange Commission for
the purpose of registering from time to time all investment companies of which I
am now or hereafter a Director or Trustee and for which Keystone Custodian
Funds, Inc. serves as Adviser or Manager and registering from time to time the
shares of such companies, and generally to do all such things in my name and in
my behalf to enable such investment companies to comply with the provisions of
the Securities Act of 1933, as amended, the Investment Company Act of 1940, as
amended, and all requirements and regulations of the Securities and Exchange
Commission thereunder, hereby ratifying and confirming my signature as it may be
signed by my said attorneys to any and all registration statements and
amendments thereto.



                                           /s/ F. Ray Keyser,Jr.
                                               F. Ray Keyser, Jr.
                                               Director/Trustee



Dated: December 14, 1994
<PAGE>

                               POWER OF ATTORNEY

         I, the undersigned, hereby constitute Roger T. Wickers, Rosemary D. Van
Antwerp, Jean S. Loewenberg, Dorothy E. Bourassa, James M. Wall and Melina M. T.
Murphy, each of them singly, my true and lawful attorneys, with full power to
them and each of them to sign for me and in my name in the capacity indicated
below any and all registration statements, including, but not limited to, Forms
N-8A, N-8B-1, S-5, N-1 and N-1A, as amended from time to time, and any and all
amendments thereto to be filed with the Securities and Exchange Commission for
the purpose of registering from time to time all investment companies of which I
am now or hereafter a Director or Trustee and for which Keystone Custodian
Funds, Inc. serves as Adviser or Manager and registering from time to time the
shares of such companies, and generally to do all such things in my name and in
my behalf to enable such investment companies to comply with the provisions of
the Securities Act of 1933, as amended, the Investment Company Act of 1940, as
amended, and all requirements and regulations of the Securities and Exchange
Commission thereunder, hereby ratifying and confirming my signature as it may be
signed by my said attorneys to any and all registration statements and
amendments thereto.



                                           /s/ David M. Richardson
                                               David M. Richardson
                                               Director/Trustee



Dated: December 14, 1994
<PAGE>

                               POWER OF ATTORNEY

         I, the undersigned, hereby constitute Roger T. Wickers, Rosemary D. Van
Antwerp, Jean S. Loewenberg, Dorothy E. Bourassa, James M. Wall and Melina M. T.
Murphy, each of them singly, my true and lawful attorneys, with full power to
them and each of them to sign for me and in my name in the capacity indicated
below any and all registration statements, including, but not limited to, Forms
N-8A, N-8B-1, S-5, N-1 and N-1A, as amended from time to time, and any and all
amendments thereto to be filed with the Securities and Exchange Commission for
the purpose of registering from time to time all investment companies of which I
am now or hereafter a Director or Trustee and for which Keystone Custodian
Funds, Inc. serves as Adviser or Manager and registering from time to time the
shares of such companies, and generally to do all such things in my name and in
my behalf to enable such investment companies to comply with the provisions of
the Securities Act of 1933, as amended, the Investment Company Act of 1940, as
amended, and all requirements and regulations of the Securities and Exchange
Commission thereunder, hereby ratifying and confirming my signature as it may be
signed by my said attorneys to any and all registration statements and
amendments thereto.



                                           /s/ Richard J. Shima
                                               Richard J. Shima
                                               Director/Trustee



Dated: December 14, 1994
<PAGE>

                               POWER OF ATTORNEY

         I, the undersigned, hereby constitute Roger T. Wickers, Rosemary D. Van
Antwerp, Jean S. Loewenberg, Dorothy E. Bourassa, James M. Wall and Melina M. T.
Murphy, each of them singly, my true and lawful attorneys, with full power to
them and each of them to sign for me and in my name in the capacity indicated
below any and all registration statements, including, but not limited to, Forms
N-8A, N-8B-1, S-5, N-1 and N-1A, as amended from time to time, and any and all
amendments thereto to be filed with the Securities and Exchange Commission for
the purpose of registering from time to time all investment companies of which I
am now or hereafter a Director or Trustee and for which Keystone Custodian
Funds, Inc. serves as Adviser or Manager and registering from time to time the
shares of such companies, and generally to do all such things in my name and in
my behalf to enable such investment companies to comply with the provisions of
the Securities Act of 1933, as amended, the Investment Company Act of 1940, as
amended, and all requirements and regulations of the Securities and Exchange
Commission thereunder, hereby ratifying and confirming my signature as it may be
signed by my said attorneys to any and all registration statements and
amendments thereto.



                                           /s/ Andrew J. Simons
                                               Andrew J. Simons
                                               Director/Trustee



Dated: December 14, 1994



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