U.S. 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.
Please print or type.
1. Name and address of issuer: Global Utility Fund,
Inc., 100 Mulberry Street, Gateway Center Three,
Newark, New Jersey 07102-4077.
2. Name of each series or class of funds 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: 811-5695.
Securities Act File Number: 33-37356.
4(a). Last day of fiscal year for which this Form is
filed:
September 30, 1999.
(b). [x] 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.
(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): $ 24,049,930
(ii) Aggregate price of securities redeemed
or repurchased during the fiscal year
(if applicable): $ 78,301,700
(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. $ 80,229,805
(iv) Total available redemption credits
[add items 5(ii) and 5(iii)]. $ 158,601,505
(v) Net sales - If item 5(i) is greater
than Item 5(iv) [subtract item 5(iv)
from item 5(i)]. $ 0
(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)]. $ 134,551,575
(vii) Multiplier for determining registration
fee (See instruction C.9): x .000264
(viii)Registration fee due
[multiply item 5(v) by item 5(vii)]
enter "0" if no fee is due. =$ 0
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:
2,362,015. 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 of
the issuer's fiscal year (See Instruction D): +$ 0
8.Total amount of the registration
fee due
plus any interest due [line 5(viii) plus
line 7]: =$ 0
9. Date the registration fee and any
interest payment was
sent to the Commission's lockbox depository:
Method of Delivery:
[ ] 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) /s/ David F. Connor
Secretary
Date January 5, 2000
T/DFC/GUF/24f-2_12-99
