Annual Notice of Securities Sold Pursuant to Rule 24F-2
U.S. 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: Jackson National Capital Management Funds
5901 Executive Drive
Lansing, MI 48911
2. Name of each series or class of funds for which this
notice is filed: Jackson National Money Market Fund
Jackson National Tax-Exempt Fund
Jackson National Income Fund
Jackson National Growth Fund
Jackson National Total Return Fund
3. Investment Company Act File Number: 811-6611
Securities Act File Number: 33-46590
4. Last day of fiscal year for which this notice is filed: October 31, 1995
5. Check box if this notice is being filed more than 180
days after the close of 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) N/A
7. Number and amount of securities of the same class or
series which had been registered under the Securities
Act of 1993 other than pursuant to rule 24F-2 in a prior
fiscal year, but which remained unsold at the beginning
of the fiscal year: N/A
8. Number and amount of securities registered during the
fiscal year other than pursuant to rule 24F-2: N/A
9. Number and aggregate sale price of securities sold
during the fiscal year.
SHARES
SALE PRICE
---------------------
---------------------
Money Market Fund
42,399,944.360
42,399,944.36
Tax-Exempt Fund
192,085.723
1,743,895.00
Income Fund
203,803.670
1,986,281.33
Growth Fund
324,371.308
3,861,770.88
Total Return Fund
295,242.914
3,203,279.21
============
===========
43,415,447.975
53,195,170.78
10. Number and aggregate sale price of securities sold
during the fiscal year in reliance upon registration
pursuant to rule 24F-2:
SHARES
SALE PRICE
---------------------
---------------------
Money Market Fund
42,399,944.360
42,399,944.36
Tax-Exempt Fund
192,085.723
1,743,895.00
Income Fund
203,803.670
1,986,281.33
Growth Fund
324,371.308
3,861,770.88
Total Return Fund
295,242.914
3,203,279.21
============
===========
43,415,447.975
53,195,170.78
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): N/A
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):
$53,195,173
(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):
-53,195,173
(iv) Aggregate price of shares redeemed or repurchased
and previously applied as a reduction to filing fees
pursuant to rule 24F-2 (if applicable):
+ 0
(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): - 0
(vi) Multiplier prescribed by Section 6(b) of the
Securities Act of 1933 or other applicable law or
regulation (see Instruction C.6):
x .0002
(vii) Fee due [line (I) or line (v) multiplied by line
(vi)]: 0
Instructions: Issuers should complete lines (ii), (iii), (iv) and (v) only
if the form is being filed within sixty 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): Larry C Jordan/s/, Vice President
Date: December 22, 1995
VEDDER, PRICE, KAUFMAN & KAMMHOLZ
222 NORTH LA SALLE STREET
CHICAGO, ILLINOIS 60601-1003
312-609-7500
CATHY 0. O'KELLY
312-609-7657
December 21, 1995
Board of Trustees
Jackson National Capital
Management Funds
5901 Executive Drive
Lansing, Michigan 48909
Re: 24f-2 Notice for Jackson National Capital Management Funds
File Nos. 33-46590 and 811-6611
Dear Trustees:
We have acted as counsel to Jackson National Capital Management Funds
(the "Fund") since its organization in connection with its public offering of
an indefinite number of units of beneficial interest, no par value
("Shares"), from each of the five authorized series of the Fund.
Based upon the foregoing, it is our opinion that the Shares issued, as
reported on the accompanying Notice pursuant to Rule 24f-2 reporting sales
and redemptions during the period November 1, 1994 through October 31, 1995,
were legally issued, fully paid and nonassessable.
In rendering this opinion, we have relied upon an Officer's Certificate
executed by a Vice President of the Fund representing, among other things,
that all Shares of the Fund have been issued at the net asset value per share
next determined after the Fund's receipt of an order in proper form and
payment therefor from the investor, as described in the Fund's Prospectus and
Statement of Additional Information.
We hereby consent to the filing of this opinion with the Securities and
Exchange Commission pursuant to Rule 24f-2 promulgated under Section 24(f) of
the Investment Company Act of 1940, together with the Fund's Rule 24f-2
Notice.
Very truly yours,
VEDDER, PRICE, KAUFMAN & KAMMHOLZ
By: Cathy G. O'Kelly/s/
Cathy G. O'Kelly
COK/seh
