WEXFORD TRUST/PA
POS AMI, 1995-12-06
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                          Form N-1A
                              
             SECURITIES AND EXCHANGE COMMISSION
                   Washington, D.C.  20549
                              
                          FORM N-1A
                              
   REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

Pre-Effective Amendment No.
_________
       
Post-Effective Amendment No.   10
       
       
       
                              
                           and/or
                              
 REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF
                            1940
AMENDMENT NO. 10
       

              (Check appropriate box or boxes.)

                        WEXFORD TRUST
     (Exact Name of Registrant as Specified in Charter)
                              
         12300 Perry Highway, WEXFORD, PA 15090-8318
          (Address of Principal Executive Offices)
                              
     Registrant's Telephone Number, including Area Code
                412/935-5520 or 800/860-3863
                              
   Ronald H. Muhlenkamp, 12300 Perry Highway, Wexford, PA
                         15090-8318
           (Name and Address of Agent for Service)

It is proposed that this filing will become effective (check
appropriate box)

    immediately upon filing pursuant to paragraph (b)
    on (date) pursuant to paragraph (b)
XX  60 days after filing pursuant to paragraph (a)(1)
    on (date) pursuant to paragraph (a)(1)
    75 days after filing pursuant to paragraph (a)(2)
    on (date) pursuant to paragraph (a)(2) of rule 485.

if appropriate, check the following box:
  this  post-effective amendment designates a new  effective
date for a previously filed post-effective amendment.

Registrant  has  elected under Rule 24(f)2  to  register  an
indefinite  number  of shares under the  Securities  Act  of
1933.  As of December 31, 1994 Registrant had issued a total
of  1,027,377 shares for total consideration of $16,277,218.
Registrant has previously filed Notice of sale of shares  in
accordance with Rule 24(f)-2.
                              
                              
          INCORPORATION BY REFERENCE, WEXFORD TRUST
                              

The following documents are incorporated by reference from
Post Effective Amendment #8 which was filed on November 11,
1995, File # 33-20158:

1) Prospectus
2) Statement of Additional Information
3) Part C (Except for the accountants Consent and Financial
 Statement)


                              
                              
                         SIGNATURES


Pursuant to the requirements of the Securities Act  of  1933
and  the  Investment Company Act of 1940 the registrant  has
duly caused this Registration Statement to be signed on  its
behalf  by the undersigned, thereto duly authorized, in  the
Village   of  Wexford,  the  State  of  Pennsylvania,   this
6 day of November, 1995.
			Ronald H. Muhlenkamp
      Wexford Trust By Ronald H. Muhlenkamp, President


BY:			Ronald H. Muhlenkamp
         Ronald H. Muhlenkamp, President &  Trustee



BY:			Edgar Belle
                    Edgar Belle, Trustee



BY:			John H. Kunkle
                 John H. Kunkle, Treasurer
                              









RE REGISTRATION OF MUHLENKAMP FUND OF THE WEXFORD TRUST


Exhibits.

11) Accountants Consent


                              
                              
                              
                              
                Independent Auditor's Consent





The Board of Directors
   and Shareholders
Wexford Trust:

We consent to the use in the Post-Effective Amendment Number
8 to Registration Statement No. 33-20158 on Form N-1A under
the Securities Act of 1933  (Amendment Number 8 to
Registration Statement No. 811-5469 on Form N-1A under the
Investment Company Act of 1940)  of our report dated January
20, 1995 on the financial statements and the financial
highlights of the Muhlenkamp Fund, the sole series of the
Wexford Trust, as of December 31, 1994 and for the periods
indicated therein, which are incorporated by reference in
and are part of such registration statements.

We also consent to the reference to our firm as the auditor
under the heading "Custodian, Auditor and Distributor" in
the prospectus.


Schneider Downs & Co., Inc.
Pittsburgh, Pennsylvania
December 4, 1995







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