UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER
33-6867
(Check One): / / Form 10-K / / Form 20-F / / Form 11-K CUSIP NUMBER
/ / Form 10-Q /X/ Form N-SAR 140908-10-4
140908-40-1
For Period Ended: 04-30-97
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ X ] Transition Report on Form N-SAR
For the Transition Period Ended: N/A
If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
N/A
PART I - REGISTRANT INFORMATION
Capstone International Series Trust
Full Name of Registrant
N/A
Former Name if Applicable
5847 San Felipe, Suite 4100
Address of Principal Executive Office (Street and Number)
Houston, Texas 77057
City, State and Zip Code
PART II - RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)
(a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
/X/ (b) The subject annual report, semi-annual report, transition report on Form
10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof, will be filed
on or before the fifteenth calendar day following the prescribed due
date; or the subject quarterly report of transition report on Form 10-Q,
or portion thereof will be filed on or before the fifth calendar day
following the prescribed due date; and
(c) The accountant's statement or other exhibit required by Rule 12b-25(c)
has been attached if applicable.
PART III - NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period.
The semi-annual reports were not finalized in a timely manner in order to file
the Form N-SAR.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Iris R. Clay (713) 260-9065
(2) Have all other periodic reports required under Section 13 or 15(d) of
the Securities Exchange Act of 1934 or Section 30 of the Investment
Company Act of 1940 during the preceding 12 months or for such shorter
period that the registrant was required to file such report(s) been
filed? If answer is no, identify report(s). /X/ Yes / / No
(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject
report or portion thereof? / / Yes /X/ No
If so, attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the reasons
why a reasonable estimate of the results cannot be made.
Capstone International Series Trust
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date July 1, 1997 By /s/IRIS R. CLAY
Iris R. Clay, Secretary