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December 27, 1995
VIA EDGAR
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Attention: Division of Investment Management
Office of Disclosure and Review
Re: Rule 24f-2 Notice
North American Funds
File No. 33-27958
Dear Sirs/Madams:
On behalf of North American Funds ("Trust"), an open-end management investment
company, accompanying this letter for filing is the notice required by Rule
24f- 2 under the Investment Company Act of 1940 for the period November 1, 1994
to the end of its fiscal year, October 31, 1995. Pursuant to Rule 24f-2 (b)
(1) (v), the notice is accompanied by an opinion of counsel stating that the
shares so registered were legally issued, fully paid and non-assessable. Also,
pursuant to Rule 24f-2 (c) insofar as sales exceeded redemptions for the fiscal
year, the registration fee due of $33,081.81 was transferred to the
Commission's account at Mellon Bank by federal wire transfer. The wire was
sent at approximately 3:30 p.m. Eastern Standard Time on December 21, 1995 and
was assigned reference number 14610. Please direct any questions regarding
this filing to Kim Skidmore at (617) 266-6008, extension 370.
Very truly yours,
/s/ Betsy Seel
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Betsy Seel
Counsel
enclosures
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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
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1. Name and address of issuer:
North American Funds
116 Huntington Ave
Boston, MA 02116
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2. Name of each series or class of funds for which this notice is filed:
Class A, B and C shares of the following series of
the North American Funds: Global Growth Fund
Growth Fund
Growth and Income Fund
International Growth
and Income Fund
Asset Allocation Fund
Strategic Income Fund
Investment Quality Bond
Fund
U.S. Government
Securities Fund
National Municipal
Bond Fund
Money Market Fund
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3. Investment Company Act File Number: 811-5797
Securities
Act File Number: 33-27958
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4. Last day of fiscal year for which this notice is filed: October 31, 1995
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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 year but before termination of the issuer's 24F-2 declaration:
Not Applicable / /
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6. Date of termination of issuer's declaration under rule 24F-2(a)(1), if
applicable (see Instruction A.6):
Not Applicable
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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:
None
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8. Number and amount of securities registered during the fiscal year other than
pursuant to rule 24f-2:
None
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9. Number and aggregate sale price of securities sold during the fiscal year:
139,033,820 $454,092,617
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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:
139,033,820 $454,092,617
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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):
3,451,559 $26,590,354
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12. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the fiscal $454,092,617
year in reliance on rule 24F-2 (From Item 10): ------------
(ii) Aggregate price of shares issued in connection with + 26,590,354
dividend reinvestment plans (from Item 11, if applicable): ------------
(iii) Aggregate price of shares redeemed or repurchased -384,745,731
during fiscal year (if applicable): ------------
(iv) Aggregate price of shares redeemed or repurchased + 0
and previously applied as a reduction to filing fees pursuant ------------
to rule 24e-2 (if applicable):
(v) Net aggregate price of securities sold and issued during 95,937,240
the fiscal year in reliance on rule 24f-2 [line (i), plus ------------
line (ii), less line (iii), plus line (iv)] if applicable:
(vi) Multiplier prescribed by Section 6(b) of the Securities x 1/2900
Act of 1933 or other applicable law or regulation (See ------------
instruction C.6):
(vii) Fee due [line (i) or line (v) multiplied by line (vi)]: $ 33,081.81
------------
Instruction: Issuers should complete line (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 (17CFR 202.3a): /x/
Date of mailing or wire transfer of filing fees to the Commission's lockbox
depository: 12/21/95
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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.
North American Funds
By (Signature and Title) /s/ Betsy Seel
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Betsy Seel
Assistant Secretary
Date: December 27, 1995
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NORTH AMERICAN FUNDS
December 27, 1995
Trustees
North American Funds
Dear Trustees:
This opinion is written in reference to the shares of common stock (the
"Shares") of North American Funds (the "Fund") covered by the Rule 24f-2 notice
dated December 27, 1995, to be filed with the Securities and Exchange
Commission. I have examined such documents, reviewed such questions of law,
and received such certification of facts by an officer of the Fund as I deemed
necessary for purposes of this opinion. On the basis of such examination,
review and certification and in reliance on the compliance procedures adopted
by the Fund, it is my opinion that the shares of the Fund covered by the Rule
24f-2 notice referred to above have been legally issued and are fully paid and
non-assessable.
I hereby consent to the filing of this letter with the Rule 24f-2 notice.
Very truly yours,
/s/ Betsy Seel
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Betsy Seel
Counsel
