ANNUAL NOTICE OF SECURITIES SOLD PURSUANT TO RULE 24F-2
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 24F-2
ANNUAL NOTICE OF SECURITIES SOLD
PURSUANT TO RULE 24f-2
Read instructions at end of Form before preparing Form.
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1. Name and address of issuer: THE PREFERRED GROUP OF MUTUAL FUNDS
FIRST FINANCIAL PLAZA
411 HAMILTON BOULEVARD, SUITE 1200
PEORIA, ILLINOIS 61602
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2. The name of each series or class of securities for which the 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]
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3. Investment Company Act File Number: 811-06602
Securities Act File Number: 33-46479
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4. (a). Last day of fiscal year for which this Form is filed:
JUNE 30, 1998
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4. (b). [ ] Check box if this Form is being files late (i.e., more than
90 calendar days after the end 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.
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4. (c). [ ] Check box if this is the last time the Issuer will be filing
this Form.
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5. Calculation of registration fee:
(i) Aggregate sale price of securities sold
during the fiscal year in reliance on
rule 24f-2: $1,444,575,293
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(ii) Aggregate price of securities redeemed
or repurchased during the fiscal year: $1,396,988,176
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(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-
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(iv) Total avaiable redemption credits [add
items 5(ii) and 5(iii)]: $1,396,988,176
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(v) Net sales - if item 5(i) is greater than
item 5(iv) [subtract item 5(iv) from
item 5(i)]: $ 47,587,117
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(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)]: $ ( - )
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______________________________________________________________________
(vii) Multiplier for determining registration fee
(See instruction C.9): x.000295
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(viii) Registration fee due [multiply item 5(v) by
item 5(vii)] enter "0" if no fee is due): $ 14,038.20
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6. Prepaid Shares
If the response to item 5(i) was determined by deducting an amount of
securities that were registered under the Securities and Exchange Act
of 1933 pursuant to rule 24e-2 as in effect before October 11, 1997,
the report the amount of securities (number of shares or 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 the number here:_____.
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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):
+$ -
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8. Total of the amount of the registration fee due plus any interest due
[line 5(iii) plus line 7]:
$ 14,038.20
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9. Date the registratrion fee and any interest payment was sent to the
Commission's lockbox depository:
Method of Delivery:
[x] Wire Transfer
[ ] 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.
/s/ Fred L. Kaufman
By (Signature and Title)* ---------------------------------------------
FRED L. KAUFMAN, VICE PRESIDENT AND TREASURER
Date September 14, 1998
*Please print the name and title of the signing officer below
the signature.
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