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November 20, 1995
Securities and Exchange Commission
Judiciary Plaza
450 5th Street, N.W.
Washington, D.C. 20549
RE: RULE 24F-2 NOTICE FOR KEYSTONE INSTITUTIONAL ADJUSTABLE
RATE FUND (THE "FUND"); REGISTRATION STATEMENT NO.
33-42864/811-6412
Dear Sirs/Madams:
Pursuant to Rule 24f-2(b)(1) under the Investment Company Act of 1940
(the "Act"), you are hereby notified as follows:
(i) The fiscal year of the Fund for which this Notice is filed is the
year ended September 30, 1995.
(ii) The number of shares of the Fund registered under the Securities Act
of 1933 other than pursuant to Rule 24f-2 that remained unsold at the
beginning of such fiscal year was -0-.
(iii) The number of shares of the Fund registered during such fiscal year
other than pursuant to Rule 24f-2 was 3,598,908.
(iv) The number of shares of the Fund sold during such fiscal year was
552,714*.
Class Y Shares Class Z Shares Total
529,838 22,876 552,714
$5,084,803 $219,375 $5,304,178
(v) The number of shares of the Fund sold during such fiscal year in
reliance upon registration pursuant to Rule 24f-2 was -0-.
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Securities and Exchange Commission
Page 2
November 20, 1995
* Pursuant to Rule 24f-2(c), the filing fee for this Notice was calculated as
follows:
(a) Actual aggregate sales price of
shares sold pursuant to Rule 24f-2
during the fiscal year: $-0-
(b) Reduced by the difference between:
(1) The actual aggregate
redemption price of shares of
the Fund redeemed during the
fiscal year: $5,418,125
and
(2) The actual aggregate
redemption price of such
redeemed shares previously
applied pursuant to Rule
24e-2(a) in filings made
pursuant to Section 24(e)(1)
of the Act: $-0-
($5,418,125)
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(c) Net aggregate sales price: ($5,418,125)
(d) Fee computed at 1/50 of 1%: - 0 -
If you have any questions or would like further information, please
call me at (617) 338-3433.
Sincerely yours,
/s/ James M. Wall
James M. Wall
#105101EB
