CONCORDE 1500 THREE LINCOLN CENTRE, 5430 LBJ FREEWAY
VALUE FUND DALLAS, TEXAS 75240-2387
214/387-VALU (8258) FAX: 214/701-0530
November 21, 1995
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
RE: Rule 24f-2 Notice for Concorde Value Fund, Inc.
- File No. 33-17423
Gentlemen:
Pursuant to Rule 24f-2 under the Investment Company Act of 1940, the
undersigned submits the following Rule 24f-2 Notice:
1. This Rule 24f-2 Notice is filed for the fiscal year ended
September 30, 1995.
2. 196,647 shares of the undersigned were registered under the
Securities Act of 1933 other than pursuant to Rule 24f-2 prior
to the beginning of the fiscal year ended September 30, 1995 and
remain unsold at the beginning of such fiscal year.
3. No securities of the undersigned were registered under the
Securities Act of 1933 during the fiscal year ended September
30, 1995 other than pursuant to Rule 24f-2.
4. The amount of Common Stock sold during the fiscal year ended
September 30, 1995 was $537,308.
5. The amount of Common Stock sold pursuant to Rule 24f-2 during
the fiscal year ended September 30, 1995, was $537,308, based on
the actual aggregate sales price for such securities. The
amount of Common Stock redeemed during the fiscal year ended
September 30, 1995, was $1,761,226, based on the actual
redemption price for such securities.
No filing fee is payable because the aggregate redemption price exceeded
the aggregate purchase price. Attached is the required opinion of legal
counsel.
Sincerely,
Concorde Value Fund, Inc.
/s/ Elizabeth L. Foster
Elizabeth L. Foster
Secretary
ajc
Enclosures
FOLEY & LARDNER
A T T O R N E Y S A T L A W
FIRSTAR CENTER
777 EAST WISCONSIN AVENUE
MILWAUKEE, WISCONSIN 53202-5367
A MEMBER OF GLOBALEX
WITH MEMBER OFFICES IN
MADISON BERLIN
CHICAGO TELEPHONE (414) 271-2400 BRUSSELS
WASHINGTON, D.C. DRESDEN
JACKSONVILLE TELEX 26-819 FRANKFURT
ORLANDO LONDON
TALLAHASSEE (FOLEY LARD MIL) PARIS
TAMPA SINGAPORE
WEST PALM BEACH FACSIMILE (414) 297-4900 STUTTGART
TAIPEI
WRITER'S DIRECT LINE
November 21, 1995
Concorde Value Fund, Inc.
1500 Three Lincoln Centre
5430 LBJ Freeway
Dallas, TX 75240
Gentlemen:
We have acted as counsel for you in connection with the
preparation of a Registration Statement on Form N-1A and amendments
thereto relating to the sale by you of an indefinite amount of Concorde
Value Fund, Inc. Common Stock, $.01 par value (such Common Stock being
hereinafter referred to as the "Stock"), in the manner set forth in the
Registration Statement. In this connection, we have examined: (a) the
Registration Statement on Form N-1A and all amendments thereto; (b) the
Rule 24f-2 Notice for Concorde Value Fund, Inc. dated November 21, 1995;
(c) corporate proceedings relative to the authorization for issuance of
shares of the Stock; and (d) such other proceedings, documents and records
as we deemed necessary to enable us to render this opinion.
Based on the foregoing, we are of the opinion that the shares of
Stock sold in the fiscal year ended September 30, 1995 in reliance upon
registration pursuant to Rule 24f-2 under the Investment Company Act of
1940 and in the manner set forth in the Registration Statement were
legally issued, fully paid and nonassessable. We have not examined the
stock register books of Concorde Value Fund, Inc. In opining that the
shares of Stock sold in the fiscal year ended September 30, 1995 were
fully paid, we have relied upon a certificate of an officer of Concorde
Value Fund, Inc. as to the consideration received for such shares.
We hereby consent to the use of this opinion in connection with
the filing of the Rule 24f-2 Notice for Concorde Value Fund, Inc. for its
fiscal year ended September 30, 1995. In giving this consent, we do not
admit that we are experts within the meaning of Section 11 of the
Securities Act of 1933, as amended, or within the category of persons
whose consent is required by Section 7 of said Act.
Very truly yours,
FOLEY & LARDNER
