UNITED STATES
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.
1. Name and address of issuer: Reynolds Funds, Inc.
Wood Island, 3rd Floor
80 Sir Francis Drake Blvd.
Larkspur, CA 94939
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): [X]
3. Investment Company Act File Number: 811-05549
Securities Act File Number: 033-21718
4(a). Last day of fiscal year for which this Form is filed:
9/30/97
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 this is 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): $57,018,892
(ii) Aggregate price of securities
redeemed or repurchased
during the fiscal year: $41,270,330
(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)]: -$41,270,330
(v) Net sales - if Item 5(i) is
greater than Item 5(iv)
[subtract Item 5(iv) from
Item 5(i)]: $15,748,562
(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)]: $ (-0-)
(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): =$4,645.83
6. Prepaid Shares
If the response to Item 5(i) was determined by deducting an
amount of securities that were registered under the Securities
Act of 1933 pursuant to rule 24e-2 as in effect before
October 11, 1997, then report the amount of securities (number
of shares or other units) deducted here: -0-. If there is a
number of shares or other units that were registered pursuant to
rule 24e-2 remaining unsold at the end of the fiscal year for
which this form is filed that are available for use by the
issuer in future fiscal years, then state that
number here: -0-
7. Interest due - if this Form is being filed more than 90 days
after the end of the issuer's fiscal year (see Instruction D):
+$ -0
8. Total of the amount of the registration fee due plus any
interest due [line 5(viii) plus line 7]:
=$4,645.83
9. Date the registration fee and any interest payment was sent to
the Commission's lockbox depository:
12/22/97
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 capacities and on the dates indicated.
By (Signature and Title)*
Frederick L. Reynolds, President
Date 12/16/97
*Please print the name and title of the signing officer below the
signature.
