U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
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1. Name and address of issuer:
Scudder Mutual Funds, Inc.
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345 Park Avenue
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New York, NY 10154
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2. Name of each series or class of funds for which this notice is filed:
Scudder Gold Fund
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3. Investment Company Act File Number:
811-5565
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Securities Act File Number:
33-22059
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4. Last day of fiscal year for which this notice is filed:
06-30-96
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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:
[ ]
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6. Date of termination of issuer's declaration under Rule 24f-2(a)(1), if applicable (see
Instruction A.6):
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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:
Number: 0
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Amount: $0
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8. Number and amount of securities registered during the fiscal year other than pursuant to Rule 24f-2:
Number: 1,063,720
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Amount: $12,785,914
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9. Number and aggregate sale price of securities sold during the fiscal year:
Number: 16,651,785
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Aggregate Sale Price: $245,536,569
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10. Number and aggregate sale price of securities sold during the fiscal year in reliance upon registration
pursuant to Rule 24f-2:
Number: 15,588,065
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Aggregate Sale Price: $232,750,655
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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):
Number: 1,267,675
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Aggregate Sale Price: $14,863,510
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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): $232,750,655
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(ii) Aggregate price of shares issued in connection with
dividend reinvestment plans (from Item 11, if +$14,863,510
applicable):
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(iii) Aggregate price of shares redeemed or repurchased
during the fiscal year (if applicable): -$242,408,708
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(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
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(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 $5,205,457
(iv)) (if applicable):
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(vi) Multiplier prescribed by Section 6(b) of the
Securities Act of 1933 or other applicable law or
regulation (see Instruction C.6): x 1/2900
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(vii) Fee due (line (i) or line (v) multiplied by line $1794.99
(vi)):
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Instruction: Issuers should complete lines (ii), (iii), (iv), and (v) only if the form is being filed within 60
days after the close of the issuer's fiscal year. See Instruction C.3.
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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). [ X ]
Date of mailing or wire transfer of filing fees to the Commission's lockbox
depository: August 27, 1996
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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)*: /s/Thomas F. McDonough
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Thomas F. McDonough, Secretary
Date: August 27, 1996
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*Please print the name and title of the signing officer below the signature.
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2
WILLKIE FARR & GALLAGHER New York
Washington,D.C.
London
Paris
August 26, 1996
Scudder Mutual Funds, Inc.
345 Park Avenue
New York, NY 10154
Re: Rule 24f-2 Notice for Scudder Mutual Funds, Inc.
(the "Registrant") for: Scudder Gold Fund (the "Fund")
(Securities Act File No. 33-22059; Investment Company
Act File No. 811-5565)
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Ladies and Gentlemen:
The Registrant, a Maryland corporation, on behalf of the Fund, is filing with
the Securities and Exchange Commission a Rule 24f-2 notice containing the
information specified in paragraph (b)(1) of Rule 24f-2 under the Investment
Company Act of 1940, as amended (the "Rule"). We understand that the Registrant
has previously filed a registration statement on Form N-1A (the "Registration
Statement") under the Securities Act of 1933, as amended, adopting the
declaration authorized by paragraph (a)(1) of the Rule to the effect that an
indefinite number of shares of capital stock of the Fund (the "Shares") were
being registered by such registration statement. The effect of the Rule 24f-2
notice, when accompanied by the filing fee, if any, payable as prescribed by
paragraph (c) of the Rule and by this opinion, will be to make definite in
number the number of Shares sold by the Fund in reliance upon the Rule (the
"Rule 24f-2 Shares") during the fiscal year ended June 30, 1996.
As to the various questions of fact material to the opinion expressed herein we
have relied upon and assumed the genuineness of the signatures on, the
conformity to originals of, and the authenticity of, all documents, including
but not limited to certificates of officers of the Registrant, submitted to us
as originals or copies, which facts we have not independently verified.
Capitalized terms used herein but not otherwise defined have the meanings
ascribed to them in the Registration Statement.
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Scudder Mutual Funds, Inc.
August 26, 1996
Page 2
On the basis of the foregoing, and assuming compliance with the Securities Act
of 1933, as amended, the Investment Company Act of 1940, as amended, and
applicable state laws regulating the sale of securities, and assuming further
that all of the Rule 24f-2 Shares sold during the fiscal year ended June 30,
1996 were sold in accordance with the terms of the Registrant's Prospectus and
Statement of Additional Information in effect at the time of sale at a sales
price in each case in excess of the par value of the Rule 24f-2 Shares, we are
of the opinion that such Rule 24f-2 Shares were legally issued, fully paid and
non-assessable by the Registrant.
We are members of the Bar of the State of New York and do not hold ourselves out
as being conversant with the laws of any jurisdiction other than those of the
United States of America and the State of New York. We note that we are not
licensed to practice law in the State of Maryland, and to the extent that any
opinion expressed herein involves the law of the State of Maryland, such opinion
should be understood to be based solely upon our review of the documents
referred to above, the published statutes of the State of Maryland, and where
applicable, published cases, rules or regulations of regulatory bodies of the
State of Maryland.
We hereby consent to the filing of this opinion with the Securities and Exchange
Commission in connection with the Rule 24f-2 notice.
Very truly yours,
/s/Willkie Farr & Gallagher
