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Prairie Municipal Bond Fund, Inc.
125 West 55th Street
New York, New York 10019
Via EDGAR
April 28, 1995
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W
Washington, D.C. 20549
Re: Rule 24f-2 Notice for Prairie Municipal Bond Fund, Inc. FILE NOS.
33-18954 ; 811-5414
Ladies & Gentlemen:
This notice is filed on behalf of Prairie Municipal Bond Fund, Inc.
(the "Fund") pursuant to Rule 24f-2 under the Investment Company Act of 1940.
1. Fiscal period for which this Notice is filed : March 1, 1994 through
February 28, 1995
2. Number of shares registered under the Securities Act of 1933 other
than pursuant to Rule 24f-2 which remained unsold on March 1, 1994:
0
3. Number of shares registered under the Securities Act of 1933 for the
fiacal year ended February 28, 1995 other than pursuant to Rule 24f-2:
191,690
4. Total number of shares sold during the fiscal year ended February
28, 1995: 18,657,011.772
5. Total number of shares sold* for the fiscal year ended February 28,
1995 in reliance upon Rule 24f-2: 18,465,321.772
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*CALCULATION OF FEE
<TABLE>
<CAPTION>
SHARES AGGREGATE $ AMOUNT
<S> <C> <C>
Shares sold: 18,465,321.772 220,088,754.33
Shares redeemed: (618,907.289) 7,342,155.05
Net of Sales for calculation of Fee: 17,846,414.483 212,746,599.28
Fee at 1/29 of 1% = $73,360.89
</TABLE>
The Registration Fee of $73,360.89 has been wired to the Securities and Exchange
Commission's account at Mellon Bank.
Also transmitted herewith is the required Opinion of Counsel.
Very truly yours,
/s/ Domenick Publiese
Secretary
cc: D. Stephens (Stroock & Stroock & Lavan)
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EXHIBIT INDEX
99.5 - Opinion of Stroock & Stroock & Lavan
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[STROOCK & STROOCK & LAVAN LETTERHEAD]
April 27, 1995
Prairie Municipal Bond Fund, Inc.
c/o Concord Holding Corporation
125 West 55th Street
New York, New York 10019
Ladies and Gentlemen:
We are general counsel to your company (the "Fund"). This letter is in
response to your request for our opinion in connection with the filing by you
of a "Rule 24f-2 Notice" pursuant to Rule 24f-2 promulgated under the
Investment Company Act of 1940, as amended. In such notice you have reported
the sale during the fiscal period ended February 28, 1995 of an aggregate of
18,465,321.772 of your shares (the "Shares").
We have acted as counsel to the Fund since its organization and in connection
with the filing by the Fund of a registration statement, and amendments
thereto, with the Securities and Exchange Commission under the Securities Act
of 1933, as amended. In so acting, we have examined a copy of the Fund's
charter documents, the Rule 24f-2 Notice, the original or reproduced or
certified copies of all such records of the Fund, agreements, certificates of
officers and representatives of the Fund and others, and such other documents,
papers, statutes and authorities as we deemed necessary to form a basis for the
opinion hereinafter expressed. As to matters of fact relevant to such opinion,
we have relied upon the Rule 24f-2 Notice and statements and certificates of
officers and representatives of the Fund and others. We have assumed the
genuineness of all signatures and the conformity to the original documents of
the copies of documents supplied to us as originals or reproduced copies.
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[STROOCK & STROOCK & LAVAN LETTERHEAD]
Prairie Municipal Bond Fund, Inc.
Page 2
Based upon the foregoing, we are of the opinion that the Shares referred to in
the Rule 24f-2 Notice were validly issued, fully paid and non-assessable by the
Fund.
We consent to the filing of this opinion with the Rule 24f-2 Notice referred to
above. In giving such permission, we do not admit hereby that we come within
the catagory of persons whose consent is required under Section 7 of the
Securities Act of 1933, as amended, or the rules and regulations of the
Securities and Exchange Commission thereunder.
Very truly yours,
/s/ Stroock & Stroock & Lavan
STROOCK & STROOCK & LAVAN
