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Philip W. Coolidge, Esq.
6 St. James Avenue, 9th Floor
Boston, Massachusetts 02116
(617) 423-0800
August 29, 1997
Green Century Funds
29 Temple Place
Boston, Massachusetts 02111
RE: Rule 24f-2 Notice for Green Century Funds
with respect to the Green Century Balanced Fund and the Green Century
Equity Fund
This opinion is being furnished in connection with the registration,
pursuant to Rule 24f-2 under the Investment Company Act of 1940, as amended
(the "1940 Act"), of an indefinite number of Shares of Beneficial Interest (par
value $0.01 per share) (the "Shares") of the Green Century Funds, a
Massachusetts business trust (the "Trust"), under the Securities Act of 1933,
as amended (the "1933 Act"). I understand that the Trust proposes to file a
notice (the "Notice") with the Securities and Exchange Commission (the
"Commission") with respect to the Trust's fiscal year ended June 30, 1997,
pursuant to such Rule 24f-2 under the 1940 Act. This opinion is being
furnished with a view to your filing it with the Commission in conjunction with
the filing of the Notice.
This opinion is limited solely to the laws of the Commonwealth of
Massachusetts applied by courts in such Commonwealth. I understand that the
foregoing limitation is acceptable to you.
Based upon and subject to the foregoing, please be advised that it is my
opinion that the Shares covered by the Notice were legally issued and (to the
extent still outstanding) are fully paid and non-assessable, except that, as
set forth in the Trust's registration statement as currently in effect filed
with the Commission pursuant to the 1933 Act, shareholders of the Trust may
under certain circumstances be held personally liable for its obligations.
Very truly yours,
/s/ Philip W. Coolidge
Philip W. Coolidge, Esq.
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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:
Green Century Funds
29 Temple Place
Boston, MA 02111
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2. NAME OF EACH SERIES OR CLASS OF FUNDS FOR WHICH THIS NOTICE IS FILED:
Green Century Balanced Fund
Green Century Equity Fund
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3. INVESTMENT COMPANY ACT FILE NUMBER:
811-06351
SECURITIES ACT FILE NUMBER:
33-41692
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4. LAST DAY OF FISCAL YEAR FOR WHICH THIS NOTICE IS FILED:
Green Century Balanced Fund - June 30, 1997
Green Century Equity Fund - July 31, 1997
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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 FISCAL YEAR BUT BEFORE TERMINATION OF THE ISSUER'S
24F-2 DECLARATION:
[ ]
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6. DATE OF TERMINATION OF ISSUER'S DECLARATION UNDER RULE 24f-2(a)(1), IF APPLICABLE (SEE INSTRUCTION A.6):
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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:
0
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8. NUMBER AND AMOUNT OF SECURITIES REGISTERED DURING THE FISCAL YEAR OTHER THAN PURSUANT TO RULE 24f-2:
0
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9. NUMBER AND AGGREGATE SALE PRICE OF SECURITIES SOLD DURING THE FISCAL YEAR:
Green Century Balanced Fund 178,968 $2,238,592
Green Century Equity Fund 248,224 $3,530,696
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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:
Green Century Balanced Fund 178,968 $2,238,592
Green Century Equity Fund 248,224 $3,530,696
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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):
Green Century Balanced Fund 50,015 $626,390
Green Century Equity Fund 329 $ 4,505
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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): $ 5,769,288
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(ii) Aggregate price of shares issued in connection with
dividend reinvestment plans (from Item 11, if applicable): + 630,895
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(iii) Aggregate price of shares redeemed or repurchased
during the fiscal year (if applicable): - 594,991
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(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
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(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): + 5,805,192
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(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
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(vii) Fee due [line (i) or line (v) multiplied by line (vi)]: $ 1,759
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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.
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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 (17 CFR 202.3a).
[X]
DATE OF MAILING OR WIRE TRANSFER OF FILING FEES TO THE COMMISSION'S LOCKBOX DEPOSITORY: August 28, 1997
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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.
By (Signature and Title)* /s/ Kristina Curtis
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Kristina Curtis, Treasurer
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Date August 29, 1997
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*Please print the name and title of the signing officer below the signature.
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