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APPENDIX 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
OMB APPROVAL
OMB Number: 3235-0456
Expires: August 31, 2000
Estimated average burden
hours per response . . . . . . . 1
1. Name and address of issuer:
The Achievement Funds
One Freedom Valley Drive
Oaks, PA 19456
2. The name of each series or class of securities for
3. which this notice
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): [ ]
Short-Term Municipal Bond Fund
3. Investment Company Act File Number: 811- 5712
Securities Act File Number: 33 -26205
4(a). Last day of fiscal year for which this Form is filed:
April 30, 1999
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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.
[ x ]
5. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the fiscal
year pursuant to section 24(f): $ 340.64
(ii) Aggregate price of securities redeemed or repurchased
during the fiscal year: $ 5,248,244.13
(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)]: $ 5,248,244.13
(v) Net Sales - if Item 5(i) is greater than Item 5(iv)
[subtract Item 5(iv) from Item 5(i)] ($5,247,903.49)
(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 .000278
(viii) Registration fee due [multiply item 5(v) by
Item 5(vii)] (enter "0" if no fee is due):
+ $ 0
6. 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):
+ $_________
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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
SIGNATURES
This report has been signed below by the following person on
behalf of the issuer and in the capacities and on the dates indicated.
By (Signature and Title)* /s/Jeffrey Fries
Jeffrey Fries, Controller, Chief Financial Officer
Date: July 20, 1999
