[The Fontaine Trust Letterhead]
U.S. Securities and Exchange Commission
Washington, D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
1. Name and address of issuer:
The Fontaine Trust
210 W Pennsylvania Ave Ste 240
Towson MD 21204
2. The name of each series or class of securities for which this
Form is being 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: 811-5835
Securities Act File Number: 33-29678
4. (a) Last Day of fiscal year end for which this Form is filed:
December 31, 1997
(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).
(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): $2,950,753
(ii) Aggregate price of securities redeemed or repurchased during
the fiscal year: $7,629,691
(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); $7,629,691
(v) Net sales - if item 5(i) is greater than item 5(iv) subtract
item 5(iv) from item 5(i):
(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): $4,678,938
(vii) Multiplier for determining registration fee: .000303030303
(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) dedted here:
If there is a number of shares or other units that were registed
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:
8. Total of the amount of the registration fee due plus any interest
due (line 5(vii) plus line 7): 0
9. Date the registration fee and any interest payment was sent to
the Commission's lockbox depository:
Method of deliver: 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:
/s/ Richard H. Fontaine
Richard H. Fontaine, President
DATE: 2/20/98
