UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 24-F
Annual Notice of Securities Sold
Persuant to Rule 24f-2
OMB APPROVAL
OMB Number: 3235-0456
Expires: April 30, 1998
Estimated average burden hours per response.....0
Read instructions at end of Form before preparing Form.
Please print or type.
1. Name and address of issuer:
MAXUS EQUITY FUND
28601 CHAGRIN BLVD
CLEVELAND, OH 44122
2. Name of each series or class of funds for which this notice is filed:
SHARES OF BENEFICIAL INTEREST
3. Investment Company Act File Number: 811-5865
Securities Act File Number: 33-300003
4. Last day of fiscal year for which this notice is filed:
December 31, 1996
5. Check box if 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 fiscal year but before termination of the issuer's 24f-2
declaration:
6. Date of termination of issuer's declaration under rule 24f-2(a)(1), if
applicable (see Instruction A.6):
N/A
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:
N/A
8. Number and amount of securities registered during the fiscal year other than
pursuant to rule 24f-2:
N/A
9. Number and aggregate sale price of securities sold during the fiscal year:
Number of shares - 971,171
Aggregate sale price - $14,894,261
<PAGE>
10. Number and aggregate sale price of securities sold during the fiscal year in
reliance upon registration pursuant to rule 24f-2:
Number of shares - 971,171
Aggregate sale price - $14,894,261
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):
N/A
12. Calculation of registration fee:
(i) Aggregate sale price of securities sold
during the fiscal year in reliance on
rule 24f-2 (from item 10): $14,894,261
---------------
(ii) Aggregate price of shares issued in connection
with a dividend reinvestment plans (from Item 11,
if applicable): + -0-
---------------
(iii) Aggregate price of shares redeemed or repurchased
during the fiscal year (if applicable): - 11,393,387
---------------
(iv) Aggregate price of shares redeemed or repurchased
and previously applied as a reduction to filing
fees pursuant to rule 24e-2 (if applicable): + -0-
---------------
(v) Net aggregate price of securities sold and issued
during the fiscal year in reliance on rule 24f-2 [line
(i), plus line (iii), plus line (iv)] (if applicable): 3,500,874
---------------
(vi) Multiplier prescribed by Section 6(b) of the
Securities Act of 1933 or other applicable law
or regulation (see Instruction C.6): x 1/3300
---------------
(vii) Fee due [line (i) or line (v) multiplied
by line (vi)]: $ 1,060.87
---------------
Instruction: Issuers should complete lines (ii), (iii), (vi), 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.
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 (17 CFR 202.3a).
Date of mailing or wire transfer of filing fees to the Commission's lockbox
depository:
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)* ___________________________
Richard A. Barone, Chairman
Date February 1997
--------------
*Please print the name and title of the
signing officer below the the signature.
<PAGE>
OFFICERS CERTIFICATE
Richard A. Barone, Chairman of Maxus Equity Fund, hereby certifies:
WHEREAS, in connection with the filing by Maxus Equity Fund (the
"Fund") of its Rule 24f-2 Notice with the Securities and Exchange commission in
respect of the sale by the Fund of its shares of beneficial interest during the
1996 fiscal year (the "Shares"), the Fund is required to submit an opinion of
counsel to the effect that, among other things, the Shares were fully paid; and
WHEREAS, the Fund has requested Benesch, Friedlander, Coplan & Aronoff
LLP ("Counsel") to provide such opinion; and WHEREAS, since such opinion depends
upon facts not within the knowledge of Counsel, the undersigned is willing to
certify such facts to Counsel to enable Counsel to render such opinion, it being
understood that Counsel will rely upon such Certificate in rendering such
opinion.
NOW, THEREFORE, the undersigned, Richard A. Barone, Chairman of the
Fund, hereby certifies that full cash consideration for all the Shares was
received by the Fund at the time of their issuance in the amount of the then net
asset value for those shares, as provided in the Fund's Registration Statement.
IN WITNESS WHEREOF, the undersigned has executed this Officer's
Certificate this ____ day of February, 1997.
-------------------------------------
Richard A. Barone, Chairman
<PAGE>
BENESCH 2300 BP America Building
FRIEDLANDER 200 Public Square
COPLAN Cleveland, Ohio 44114-2378
& ARONOFF (216) 363-4500
Attorneys At Law P.L.L. Fax (216) 363-4588
Michael J. Meaney Writer's Direct Dial Number
(216) 363-4436
VIA MESSENGER
February 17, 1997
Mr. Robert W. Curtin
Maxus Investment Group
Suite 500
28601 Chagrin boulevard
Cleveland, OH 44122
Re: Maxus Income Fund, Maxus Equity Fund and
Maxus Laureate Fund - Rule 24f-2 Notices
Dear Bob:
Enclosed are 24f-2 Notices for Maxus Income Fund, Maxus Equity Fund and Maxus
Laureate Fund relating to the SEC filing fee for all shares sold during 1996.
SEC Rule 24f-2 sets forth a procedure under which an investment company may
register an indefinite number of securities and, after the end of the fiscal
year, pay a fee based on the actual dollar amount of shares sold, less
redemptions. These sales are required to be reported on these Notices.
Please have Richard sign the Notices and return them to me for filing together
with two cashiers checks payable to the Securities and Exchange Commission in
the amounts of $1,060.87 from Maxus Equity Fund and $427.95 from Maxus Laureate
Fund.
In addition, please have Richard sign the enclosed Officer's Certificates which
I need to support our legal opinions which must be filed with the SEC along with
the Notices.
Very truly yours,
Michael J. Meaney
Enclosures
<PAGE>
