<PAGE> 1
[REINHART BOERNER VAN DEUREN NORRIS & RIESELBACH, S.C.]
January 29, 1997
Direct Dial:
414-298-8233
The Board of Directors of
The Chaconia Income & Growth
Fund, Inc.
c/o American Data Services, Inc.
24 West Carver Street
Huntington, NY 11743
Gentlemen: Re: Legal Opinion to Rule 24f-2
Notice for The Chaconia Income &
Growth Fund, Inc. (the "Fund")
This opinion is given pursuant to Rule 24f-2 of the Investment Company Act
of 1940.
We have examined the minute books of the Fund and other agreements,
instruments and documents which we have deemed necessary as a basis for the
opinions hereinafter expressed. As to various questions of fact material to
our opinion, we have relied upon a certificate of an officer of the Fund.
The shares of the Fund's capital stock sold during the fiscal year ended
December 31, 1996, as more particularly described in the Fund's Rule 24f-2
Notice, were validly issued and are fully paid and nonassessable.
This opinion is rendered solely for your information and assistance in
connection with the Rule 24f-2 Notice described above and may not be relied
upon by any other person or for any purpose without our prior written consent.
Yours very truly,
REINHART, BOERNER, VAN DEUREN,
NORRIS & RIESELBACH, s.c.
BY /s/ Ulice Payne, Jr.
Ulice Payne, Jr.
<PAGE> 2
OFFICER'S CERTIFICATE
The undersigned, the Secretary of The Chaconia Income & Growth Fund, Inc.,
a Maryland corporation (the "Fund"), hereby certifies to Reinhart, Boerner, Van
Deuren, Norris & Rieselbach, s.c. as follows:
1. This Certificate is being furnished in connection with the execution
and filing of a notice with the United States Securities and Exchange
Commission pursuant to Rule 24f-2 of the Investment Company Act of 1940.
2. The consideration received by the Fund for the issuance of shares of
the Fund's capital stock during the fiscal year ending December 31, 1996 was
fully received and such consideration was received in the form of money, other
tangible or intangible property, services actually performed for the
Corporation (but not future services) or a promissory note.
This certificate is furnished to enable Reinhart, Boerner, Van Deuren,
Norris & Rieselbach, s.c. to issue its legal opinion pursuant to the
requirements under Rule 24f-2 of the Investment Company Act of 1940.
Dated January 29th, 1997.
/s/ Ulice Payne, Jr.
------------------------------
Ulice Payne, Jr., Secretary
<PAGE> 1
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.
- -------------------------------------------------------------------------------
1. Name and address of issuer:
The Chaconia Income & Growth Fund, Inc.
c/o American Data Services, Inc.
24 West Carver Street
Huntington, NY 11743
- -------------------------------------------------------------------------------
2. Name of each series or class of funds for which this notice is filed:
Common stock/mutual fund
- -------------------------------------------------------------------------------
3. Investment Company Act File Number: 811-6194
Securities Act File Number: 33-37426
- -------------------------------------------------------------------------------
4. Last day of fiscal year for which this notice is filed: December 31, 1996
- -------------------------------------------------------------------------------
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 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):
- -------------------------------------------------------------------------------
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
- -------------------------------------------------------------------------------
8. Number and amount of securities registered during the fiscal year other than
pursuant to rule 24f-2:
None
- -------------------------------------------------------------------------------
<PAGE> 2
- -------------------------------------------------------------------------------
9. Number and aggregate sale price of securities sold during the fiscal year:
The issuer sold 701,154.334 shares at an aggregate sale price equal to
$8,265,294.24.
- -------------------------------------------------------------------------------
10. Number and aggregate sale price of securities sold during the fiscal year in
reliance upon registration pursuant to rule 24f-2:
The issuer sold 474,665.096 shares at an aggregate sale price of
$5,807,966.39, all of which were sold pursuant to Rule 24f-2.
- -------------------------------------------------------------------------------
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):
The issuer sold 226,489.238 shares at an aggregate sale price of
$2,457,327.85 during the fiscal year in connection with dividend
reinvestment plans.
- -------------------------------------------------------------------------------
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): $ 5,807,969.39
(ii) Aggregate price of shares issued in connection with
dividend reinvestment plans (from Item 11, if applicable): + 2,457,327.85
(iii) Aggregate price of shares redeemed or repurchased during
the fiscal year (if applicable): -13,839,551.37
(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 (ii),
less line (iii), plus line (iv)] (if applicable): (5,574,257.13)
(vi) Multiplier prescribed by Section 6(b) of the Securities Act
of 1933 or other applicable law or regulation
(see Instruction C.6): x 1/2900
(vii) Fee due [line (i) or line (v) multiplied by line (vi)]: $ (1,922.16)
==============
INSTRUCTION: Issuers should complete lines (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.
- -------------------------------------------------------------------------------
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:
- -------------------------------------------------------------------------------
2
<PAGE> 3
- -------------------------------------------------------------------------------
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)* /s/ Ulice Payne, Jr.,
--------------------------------
Ulice Payne, Jr., Secretary
Date: January 29, 1997
*Please print the name and title of the signing officer below the signature
- -------------------------------------------------------------------------------
3
