FORM 24F-2
Annual Notice of Securities Sold
Pusuant to Rule 24f-2
________________________________________________________________________________
1. Names and address of issuer:
Yamaichi Funds, Inc.
Two World Trade Center, Suite 9828
New York, New York 10488
2. Name of each series or class of funds for which this notice is filed:
Yamaichi Global Fund
3. Investment Company Act File Number:
Securities Act File Number: 33-20478
4. Last day of fiscal year for which this notice is filed:
December 31, 1995
5. Check box if this notice is being filed more than 180 days after the close
of the issuer's fiscal year for purposes of reporting securities sold after
the close of the fiscal year but before termination of the issuer's 24f-2
declaration:
[ ]
6. Date of termination of issuer's declaration under rule 24f-2(a)(1), if
applicable (see Instruction A.6):
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 fiscal year:
3,352,398
8. Number and amount of securities registered during the fiscal year other
than pursuant to rule 24f-2:
None.
9. Number and aggregate sale price of securities sold during the fiscal year:
Shares 468.378 $4,300
10. Number and aggregate sale price of securities [*35] sold during the fiscal
year in reliance upon registration pursuant to rule 24f-2:
Shares 468.378 $4,300
11. Number and aggregate sale price of securities issued during the fiscal
year in connection with dividend reinvestment plans, if applicable
(see Instruction B.7):
Shares 31,354.527 $289,088.76
12. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the fiscal year in
reliance on rule 24f-2 (from Item 10): $4,300 +
(ii) Aggregate price of shares issued in connection with dividend
reinvestment plans (from Item 11, if applicable): $289,088.76 +
(iii) Aggregate price of shares redeemed or repurchased during the fiscal
year (if applicable): $(1,148,726.28) +
(iv) Aggregate price of shares redeemed or repurchased and previously
applied as a reduction to filing fees pursuant to rule 24e-2
(if applicable): $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) (if applicable): $(855,337.52)
(vi) Multiplier prescibed by Section 6(b) of the Securities Act of 1933 or
other applicable law or regulation (see Instruction C.6): 1/2900
(vii) Fee due [line (i) or line (v) multiplied by line (vi)]: $0
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). [ ]
Date of mailing or wire transfer of filing fees to the Commission's
lockbox depository:
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) Edward S. Burke
President & Treasurer
/s/ Edward S. Burke
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Date: February 29, 1996
SULLIVAN & CROMWELL
New York Telephone: (212) 558-4000
TELEX 62694 (International) 127816 (Domestic)
Cable Address: LADYCOURT, New York
Facsimile: (212) 558-4000 (125 Broad Steeet)
(212) 558-4000 (250 Park Avenue)
125 Broad Steeet, New York, New York 10004-2498
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250 Park Avenue, New York, New York 10177-0021
1701 Pennsylvania Avenue, N.W., Washington, D.C. 20006-5606
44 South Flower Street, Los Angeles 90071-2901
6, Place Vendome, 75001 Paris
St. Olave's House, 9a Ironmonger Lane, London EC2V 8EY
101 Collins Street, Melbourne 3000
2-1, Marunouchi 1-Chome, Chiyoda-Ku, Tokyo 100
Nine Queen's Road, Central, Hong Kong
February 28, 1996
Yamaichi Funds, Inc.,
Two World Trade Center,
New York, New York 10048.
Dear Sirs:
You have requested our opinion in connection with
the notice which you propose to file pursuant to Rule 24f-2
under the Investment Company Act of 1940 with respect to
31,822.905 shares of Common Stock, $0.01 par value (the
"Shares")
As your counsel, we are familiar with your
organization and corporate status and validity of your
Common stock.
We advise you that, in our opinion, the Shares
were legally and validly issued, and are fully paid and non-
assessable.
The foregoing opinion is limited to the General
Corporation Law of the State of Maryland, and we are
expressing no opinion as to the effect of the laws of any
other jurisdiction.
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Yamaichi Funds, Inc. -2-
We consent to the filing of this opinion with the
Securities and Exchange Commission in connection with the
notice referred to above. In giving such consent, we do not
thereby admit that we come within the category of persons
whose consent is required under Section 7 of the Securities
Act of 1933.
Very truly yours,
/s/ SULLIVAN & CROMWELL
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SULLIVAN & CROMWELL
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