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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 24F-2
ANNUAL NOTICE OF SECURITIES SOLD
PURSUANT TO RULE 24F-2
1. NAME AND ADDRESS OF ISSUER:
Northstar High Yield Fund
Two Pickwick Plaza
Greenwich, Connecticut 06830
2. NAME OF EACH SERIES OR CLASS OF SECURITIES FOR WHICH THIS FORM IS FILED
(IF THE FORM IS BEING FILED FOR ALL SERIES AND CLASSES OF SECURITIES OF
THE ISSUER, CHECK THE BOX BUT DO NOT LIST SERIES OR CLASSES): [ ]
Northstar High Yield Fund - Class A, Class B, Class C and Class T
shares.
3. INVESTMENT COMPANY ACT FILE NUMBER: 811-5496
SECURITIES ACT FILE NUMBER: 33-20506
4(A). LAST DAY OF FISCAL YEAR FOR WHICH THIS FORM IS FILED:
December 31, 1997
4(B). [ ] CHECK BOX IF THIS FORM IS BEING FILED LATE (I.E. MORE THAN
90 CALENDAR DAYS AFTER THE END OF THE ISSUER'S FISCAL YEAR).
(SEE INSTRUCTION A.2.)
NOTE: IF THE FORM IS BEING FILED LATE, INTEREST MUST BE PAID ON THE
REGISTRATION FEE DUE.
4(C). [ ] CHECK BOX IF THE LAST TIME THE ISSUER WILL BE FILING THIS
FORM.
5. CALCULATION OF REGISTRATION FEE:
(I) AGGREGATE SALE PRICE OF SECURITIES SOLD
DURING THE FISCAL YEAR PURSUANT TO SECTION 24(f): $64,625,374
(II) AGGREGATE PRICE OF SECURITIES REDEEMED OR
REPURCHASED DURING THE FISCAL YEAR: $45,594,760
(III) AGGREGATE PRICE OF SECURITIES REDEEMED
OR REPURCHASED DURING ANY PRIOR FISCAL YEAR
ENDING NO EARLIER THAN OCTOBER 11,1995 THAT
WERE NOT PREVIOUSLY USED TO REDUCE REGISTRATION
FEES PAYABLE TO THE COMMISSION: $0
(IV) TOTAL AVAILABLE REDEMPTION CREDITS [ADD
ITEMS 5(II) AND 5(III)]: $45,594,760
(V) NET SALES - IF ITEM 5(I) IS GREATER THAN ITEM
5(IV), [SUBTRACT ITEM 5(IV) FROM ITEM 5(I)]: $19,030,614
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(VI) REDEMPTION CREDITS AVAILABLE FOR USE IN
FUTURE YEARS - IF ITEM 5(I) IS LESS THAN ITEM 5(IV) [SUBTRACT
ITEM 5(IV) FROM ITEM 5(I)]:
(VII) MULTIPLIER FOR DETERMINING REGISTRATION
FEE (SEE INSTRUCTION C.9): x .000295
(VIII) REGISTRATION FEE DUE [MULTIPLY ITEM 5(V) BY
ITEM 5(VII)] (ENTER "0" IF NO FEE IS DUE): $5,614.03
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6. PREPAID SHARES
IF THE RESPONSE TO ITEM 5(I) WAS DETERMINED BY DEDUCTING AN AMOUNT OF
SECURITIES THAT WERE REGISTERED UNDER THE SECURITIES ACT OF 1933
PURSUANT TO RULE 24E-2 AS IN EFFECT BEFORE [EFFECTIVE DATE OF
RESCISSION OF RULE 24E-2], THEN REPORT THE AMOUNT OF SECURITIES (NUMBER
OF SHARES OR OTHER UNITS) DEDUCTED HERE: 0 . IF THERE IS A NUMBER OF
SHARES OR OTHER UNITS THAT WERE REGISTERED PURSUANT TO 24E-2 REMAINING
UNSOLD AT THE END OF THE FISCAL YEAR FOR WHICH THIS FORM IS FILED THAT
ARE AVAILABLE FOR USE BY THE ISSUER IN FUTURE FISCAL YEARS, THEN STATE
THAT NUMBER HERE: 0 .
7. INTEREST DUE - IF THIS FORM IS BEING FILED MORE THAN 90 DAYS AFTER THE
END OF THE ISSUER'S FISCAL YEAR (SEE INSTRUCTION D): $0
8. TOTAL OF THE AMOUNT OF THE REGISTRATION FEE DUE PLUS ANY INTEREST
DUE [LINE 5(VIII) PLUE LINE 7]: $5,614.03
9. DATE THE REGISTRATION FEE AND ANY INTEREST PAYMENT WAS SENT TO THE
COMMISSION'S LOCKBOX DEPOSITORY: MARCH 16, 1998
METHOD OF DELIVERY:
[ x ] WIRE TRANSFER
[ ] MAIL OR OTHER MEANS
SIGNATURES
THIS REPORT HAS BEEN SIGNED BELOW BY THE FOLLOWING PERSONS ON BEHALF OF THE
ISSUER AND IN THE CAPACITY AND ON THE DATE INDICATED.
By: /S/ Stephanie L. Beckner*
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Signature
Stephanie L. Beckner, Secretary
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Name and Title
Date: March 17, 1998
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*PLEASE PRINT THE NAME AND TITLE OF THE SIGNING OFFICER BELOW THE SIGNATURE.
