UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
ANNUAL NOTICE OF SECURITIES SOLD
PURSUANT TO RULE 24f-2
1. Name and address of issuer: Sit U.S. Government Securities Fund, Inc.
4600 Norwest Center, 90 S. 7th Street
Minneapolis, MN 55402
2. Name of each series or class of securities for which this Form is filed
(If the Form is being filed for all series and classes of securities of
the issuer, check the box but do not list series or classes): [ ]
3. Investment Company Act File Number: 811-04995
Securities Act File Number: 33-11549
4.(a) Last day of fiscal year for which this Form is filed: 3-31-98
4.(b) [ ] Check box if this Form is being filed late (i.e. more than 90
calendar days after the close of the issuer's fiscal year). (See
Instruction A.2)
NOTE: IF THE FORM IS BEING FILED LATE, INTEREST MUST BE PAID ON THE
REGISTRATION FEE DUE.
4.(c) [ ] Check box if this is the last time the issuer will be filing this
Form.
SEC2393 (9-97)
<PAGE>
5. Calculation of registration fee:
<TABLE>
<S> <C> <C>
(i) Aggregate sale price of securities sold during
the fiscal year pursuant to section 24(f): $ 58,687,305.27
--------------
(ii) Aggregate price of securities redeemed or
repurchased during the fiscal year $ 31,053,376.80
--------------
(iii) Aggregate price of securities redeemed or
repurchased during any prior fiscal year
ending no earlier than October 11, 1995 that
were not previously used to reduce
registration fees payable to the Commission: $ 0
--------------
(iv) Total available redemption credits [add Items
5(ii) and 5(iii): -$ 31,053,376.80
--------------
(v) Net sales - if Item 5(i) is greater than Item
5(iv) [subtract Item 5(iv) from Item 5(I)]: $ 27,813,928.47
--------------
(vi) Redemption credits available for use in future $ ( )
years -- if Item 5(i) is less than Item 5(iv) ---------------
[subtract Item 5(iv) from Item 5(i)]:
(vii) Multiplier for determining registration fee x .000295
(See Instruction C.9): --------------
(viii) Registration fee due [multiply Item 5(v) by =$ 8,205.11
Item 5(vii)] (enter "0" if no fee is due): ==============
</TABLE>
6. Prepaid Shares
If the response to Item 5(i) was determined by deducting an amount
of securities that were registered under the Securities Act of
1933 pursuant to rule 24e-2 as in effect before [effective date of
rescisison of rule 24e-2], then report the amount of securities
(number of shares of other units) deducted here: ______. If there
is a number of shares or other units that were registered pursuant
to rule 24e-2 remaining unsold at the end of the fiscal year for
which this form is filed that are available for use by the issuer
in future fiscal years, then state that number here: ______.
7. Interest due - if this Form is being filed more than 90 days after
the end of the issuer's fiscal year (See Instruction D):
+$ 0
--------------
8. Total of the amount of the registration fee due plus any interest
due [line 5(viii) plus line 7]:
=$ 8,205.11
==============
9. Date the registration fee and any interest payment was sent to the
Commission's lockbox depository:
Date: April 21, 1998
Method of delivery: [X] Wire Transfer CIK# 0000809981
[ ] Mail or other means
<PAGE>
SIGNATURES
This report has been signed below by the following persons on behalf of
the issuer and in the capacities and on the dates indicated.
By (Signature and Title)* /s/ Paul E. Rasmussen
---------------------------------------------
Paul E. Rasmussen, Vice President
Date: April 21, 1998
*Please print the name and title of the signing officer below the
signature.
