UNITED STATES
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: Sit Mutual Funds, Inc.
4600 Norwest Center, 90 S. 7th Street
Minneapolis, MN 55402
2. Name of each series or class of securities for which this Form is 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: 811-06373
Securities Act File Number: 33-42101
4.(a)Last day of fiscal year for which this Form is filed: 6-30-99
4.(b)[ ] Check box if this Form is being filed late (i.e. more than 90 calendar
days after the close of the issuer's fiscal year). (See Instruction
A.2)
NOTE: IF THE FORM IS BEING FILED LATE, INTEREST MUST BE PAID ON THE
REGISTRATION FEE DUE.
4.(c)[ ] Check box if this is the last time the issuer will be filing this Form.
SEC2393 (9-97)
<PAGE>
5. Calculation of registration fee:
(i) Aggregate sale price of
securities sold during the
fiscal year pursuant to
section 24(f): $ 145,685,449.20
--------------
(ii) Aggregate price of securities
redeemed or repurchased during
the fiscal year $ 140,644,467.10
--------------
(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): -$ 140,644,467.10
--------------
(v) Net sales - if Item 5(i) is
greater than Item 5(iv)
[subtract Item 5(iv) from Item
5(I)]: $ 5,040,982.10
--------------
(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)]:
(vii) Multiplier for determining
registration fee (See x .000278
Instruction C.9 ---------------
(viii) Registration fee due
[multiply Item 5(v) by Item
5(vii)] (enter "0" if no fee
is due): =$ 1,401.39
==============
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 [effective date of
rescisison of rule 24e-2], then report the amount of securities
(number of shares of other units) deducted here: ______. If there is a
number of shares or other units that were registered 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 (See Instruction D):
+$ ______________
8. Total of the amount of the registration fee due plus any interest due
[line 5(viii) plus line 7]:
=$ 1,401.39
==============
9. Date the registration fee and any interest payment was sent to the
Commission's lockbox depository:
Date: August 4, 1999
Method of delivery: [X] Wire Transfer CIK # 0000877880
[ ] Mail or other means
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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/ Paul E. Rasmussen__________________
___Paul E. Rasmussen, Vice President______
Date : August 4, 1999
*Please print the name and title of the signing officer
below the signature.
