PEOPLES INDEX FUND INC
24F-2NT, 1994-12-27
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                     PEOPLES INDEX FUND, INC.
                         c/o THE DREYFUS CORPORATION
                                200 PARK AVENUE
                              NEW YORK, NY  10166



Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, NW
Washington, DC  20549


      24f-2 Notice - PEOPLES INDEX FUND, INC.
      Registration Statement No. 33-31809 - CIK #0000857114

Gentlemen:

    On January 5, 1990, the Registration Statement of Peoples Index Fund, Inc.
was declared effective by the SEC.  The Amendment represented the Fund's
election to register an indefinite number of shares and this Notice, filed
pursuant to Rule 24f-2, is for the fiscal year ended October 31, 1994.

    The following information is furnished:

    (a)   Shares registered under Securities Act
          of 1933 other than pursuant to Rule 24f(2):               None


                                                  SHARES        DOLLAR AMOUNT

    (b)   Total number of shares sold during
          fiscal year ended 10/31/94 subject
          to registration under Rule 24f-2:     9,481,323     $153,302,049

    (c)   Less shares redeemed during
          fiscal year ended 10/31/94:          12,068,037      192,893,713
                                              ------------      --------------

    Net Sales During Fiscal Year [(b) - (c)]:  ( 2,586,714)    ($ 39,591,664)
                                              ============    ==============


                                   CALCULATION OF FEE

    Since the shares redeemed exceed the shares sold, no registration fee is
required.  An opinion of counsel is enclosed.

                                                   Very truly yours,

JJP/ems

                                                   John J. Pyburn,
                                                   Assistant Treasurer
cc:  Mr. J. deMichaelis, SEC
     Mr. K. Brennan, C&L
     Mr. S. Rosenberg, BONY


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