U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
Read instructions at end of Form before preparing Form.
Please print or type.
1. Name and address of issuer:
William Blair Mutual Funds, Inc.
222 West Adams Street
Chicago, IL 60606
2. Name of each series or class of funds for which this notice is
filed:
William Blair Mutual Funds, Inc.
Growth Fund
Ready Reserves Fund
Income Fund
International Growth Fund
Limited Term Tax - Free Fund
3. Investment Company Act File Number:
Securities Act File Number: 33 - 17463
4. Last day of fiscal year for which this notice is filed: 12/31/95
5. Check box if this notice is being filed more then 180 days after the close of
of the issuer's fiscal year for purposes of reposting securities sold after
the close of the fiscal year but before termination of the issuer's 24f-2
declaration:
[ ]
6. Date of termination declaration under rule 24f-2(a)(1), if applicable:
7. Number and amount of securities of the same class or series which had been
registered under the Securities Act of 1933 other than pursuant to rule 24f-2
in a prior fiscal year, but which remained unsold at the beginning of the
year:
-0- Growth Fund; -0- Ready Reserves Fund; 5,508,543 shares Income Fund;
-0- International Growth Fund and -0- Limited term Tax - Free Fund
8. Number of securities registered during the fiscal year other than pursuant
to rule 24f-2:
-0- Growth Fund; -0- Ready Reserves Fund; -0- shares Income Fund;
-0- International Growth Fund and -0- Limited Term Tax - Free Fund
9. Number and aggregate sale price of securities sold during the fiscal year:
<TABLE>
<CAPTION>
Shares Amount
<S> <C> <C>
Growth Fund 9,647,252 106,708,846
Ready Reserves Fund 2,514,548,149 2,514,548,149
Income Fund 2,337,462 23,930,025
International Growth Fund 1,668,463 20,617,834
Limited Term Tax - Free Fund 749,225 7,367,450
2,528,970,551 2,673,172,304
</TABLE>
10. Number and aggregate sale price of securities sold during the fiscal year in
reliance upon registration pursuant to rule 24f-2:
<TABLE>
<CAPTION>
Shares Amount
<S> <C> <C>
Growth Fund 9,647,252 106,708,846
Ready Reserves Fund 2,514,548,149 2,514,548,149
Income Fund 0 0
International Growth Fund 1,668,463 20,617,834
Limited Term Tax - Free Fund 749,225 7,367,450
2,526,633,089 2,649,242,279
</TABLE>
11. Number and aggregate sale price of securities issued during the fiscal year
in connection with dividend reinvestment plans, if applicable:
<TABLE>
<CAPTION>
Shares Amount
<S> <C> <C>
Growth Fund 1,092,128 12,713,997
Ready Reserves Fund 31,116,812 31,116,812
Income Fund 0 0
International Growth Fund 55,116 716,907
Limited Term Tax - Free Fund 43,826 430,195
32,976,265 44,977,911
</TABLE
12. Calculation of registration fee.
</TABLE>
<TABLE>
Growth Ready Income International Limited Term
Fund Reserves Fund Fund Growth Fund Tax-Free Fund
<S> <C> <C> <C> <C> <C>
(i) Aggregate sale price of securities sold during
the fiscal year reliance on rule 24f-2: 106,708,846 2,514,548,149 0 20,617,834 7,367,450
(ii) Aggregate price of shares issued in connection
with dividend reinvestment plans: 12,713,997 31,116,812 0 716,907 430,195
(iii) Aggregate price of shares redeemed or repurchased
during the fiscal year (if applicable): 32,390,586 2,362,949,334 3,690,697 shares 7,349,442 3,333,459
(iv) Aggregate price of shares redeemed or repurchased
and previously applied as a reduction to filing
fees pursuant to rule 24e-2: 0 0 3,690,697 shares 0 0
(v) Net aggregate price of securities sold and issued
during the fiscal year in reliance on rule 24f-2
[line (i),plus line (ii), less line (iii),
plus line (iv)]: 87,032,257 182,715,627 0 13,985,299 4,464,186
(vi) Multiplier prescribed by Section 6(b) of the
Securities Act of 1983 or other applicable
law or regulation (see Instruction C.6): 1%/29 1%/29 1%/29 1%/29 1%/29
(vii) Fee due [line (i) or line (v) multiplied
by line (vi)]: 30,011.12 63,005.39 0.00 4,822.52 1,539.37
</TABLE>
13. Check box if fees are being remitted to the Commission's lockbox depository
as described in section 3a of the Commission's Rules of Informal and Other
Procedures (17 CFR 202.3a).
[X]
Date of mailing or wire transfer of filing fees to the Commission's lockbox
depository: February 20, 1996
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) Terence M. Sullivan Vice - President
Date: February 20, 1996
