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:
Frontier Funds, Inc.
101 West Wisconsin Avenue
Pewaukee, WI 53072-3433
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: 811-6449
Securities Act File Number: 33-43616
4. Last day of fiscal year for which this notice is filed:
September 30, 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
9. Number and aggregate sale price of securities sold during the
fiscal year:
The issuer sold 43,429.735 shares at an aggregate sale price equal
to $297,031.68.
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 43,429.735 shares at an aggregate sale price of
$297,031.68, 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):
None
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): $297,031.68
(ii) Aggregate price of shares issued in
connection with dividend reinvestment
plans (from Item 11, if applicable): + 0
(iii) Aggregate price of shares redeemed
or repurchased during
the fiscal year (if applicable): -123,792.53
(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): 173,239.15
(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)]: $59.74
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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.
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:
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)*<F1>
/s/ James R. Fay
-----------------------
James R. Fay, President
Date 1/29/97
*<F1>Please print the name and title of the signing officer below the
signature
REINHART, BOERNER, VAN DEUREN
NORRIS & RIESELBACH, S.C.
January 29, 1997
Direct Dial:
414-298-8233
The Board of Directors
of Frontier Funds, Inc.
101 West Wisconsin Avenue
Pewaukee, WI 53072-3433
Gentlemen: Re: Legal Opinion to Rule 24f-2 Notice
for Frontier Funds, 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 the President of the Fund.
The shares of the Fund's capital stock sold during the fiscal year ending
September 30, 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.
OFFICER'S CERTIFICATE
The undersigned, the President of Frontier Funds, 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 September 30, 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 29, 1997.
/s/ James R. Fay
-----------------------
James R. Fay, President
