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.
Please print or type.
1. Name and address of issuer: American Gas Index Fund
4922 Fairmont Avenue
Bethesda, Maryland 20814
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): ____
3. Investment Company Act File Number: 811-5702
Securities Act File Number: 33-25678
4(a).Last day of fiscal year for which this notice is filed: March 31, 1998
(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:
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(I) Aggregate sale price of securities sold during
the fiscal year pursuant to section 24f-2: $54,917,321
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(ii) Aggregate price of securities redeemed or
repurchased during the fiscal year: $72,300,100
(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: $33,319,779
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(iv) Total available redemption credits
[add Items 5(ii) and 5(iii)]: $105,619,879
(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)]: ($50,702,558)
(vii) Multiplier for determining registration
fee (See Instruction C.9): X 0.000295
(viii) Registration fee due [multiply Item 5(v)
by Item 5(vii)] (enter "0" if no
fee is due): = $0
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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: __________. 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: __________.
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]:
= $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
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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/ Edward J. Karpowicz
Edward J. Karpowicz
Controller
Date: 6/15/98
* Please print the name and title of the signing officer below the signature.
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