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:
BJB Investment Funds
330 Madison Avenue
New York, New York 10017
2. Name of each series or class of funds for which this notice is filed:
BJB Global Income Fund
BJB International Equity Fund
3. Investment Company Act File Number: 811-6652
Securities Act File Number: 33-47507
4. Last day of fiscal year for which this notice is filed: October 31, 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:
BJB Global Income Fund Number: 1,887,344
<PAGE>
8. Number and amount of securities registered during the fiscal year other
than pursuant to rule 24f-2:
BJB Global Income Fund Number: 1,160,080
BJB International Equity Fund Number: 390,899
9. Number and aggregate sale price of securities sold during the fiscal
year:
Number: 1,139,807
Aggregate Sale Price: $12,947,746
10. Number and aggregate sale price of securities sold during the fiscal year
in reliance upon registration pursuant to rule 24f-2:
Number: 641,661* Aggregate Sale Price $7,258,886*
Number of Shares Aggregate Sale Price
1,139,807 $12,947,746
* Total sold (Item #9)
less credit from shares
registered during the
fiscal year other than pursuant
to Rule 24f-2 for:
BJB Global Income Fund (Item #8) (107,247) ($1,256,073)
BJB International Equity Fund (Item #8) (390,899) ($4,432,787)
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641,661 $7,258,886
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):
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): $ 7,258,886
(ii) Aggregate price of shares issued in
connection with dividend reinvestment
plans (from Item 11, if applicable): +
<PAGE>
(iii) Aggregate price of shares redeemed or
repurchased during the fiscal year (if
applicable): - 7,258,886
(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
(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 1/3300
(vii) Fee due [line (i) or line (v) multiplied
by line (vi)]: $ 0
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)* /s/ Bernard Spilko
------------------
Bernard Spilko, Chief Financial Officer
Date December 20, 1996
*Please print the name and title of the signing officer below the signature.
[BAKER & McKENZIE LETTERHEAD]
December 19, 1996
BJB Investment Funds
89 South Street, P.O. 1537
Boston, MA 02205-1537
Dear Sirs:
We refer to the Rule 24f-2 Notice (the "Rule 24f-2 Notice") with
respect to the most recent Post-Effective Amendment (the "Post-Effective
Amendment") to the Registration Statement on Form N-1A relating to the shares
of beneficial interest, par value $.001 per share, of BJB Investment Funds, a
Massachusetts business trust (the "Trust"). The Post-Effective Amendment
registered an indefinite number of shares of beneficial interest of the Trust
pursuant to Rule 24f-2 under the Investment Company Act of 1940, as amended.
The Rule 24f-2 Notice makes definite the number of shares of beneficial
interest of the Trust sold during the Trust's fiscal year ended October 31,
1996 that were so registered under the Post-Effective Amendment.
We have examined and relied upon copies of the Post-Effective
Amendment and the Rule 24f-2 Notice and have examined and relied upon
originals, or copies certified to our satisfaction, of such corporate records,
documents, certificates and other instruments as in our judgment are necessary
or appropriate to enable us to render the opinion set forth below.
Based on the foregoing, we are of the opinion that the shares of
beneficial interest of the Trust, the registration of which the Rule 24f-2
Notice makes definite in number, were duly authorized, legally issued, fully
paid and nonassessable.
We hereby consent to the use of this opinion in connection with
the filing of the Rule 24f-2 Notice. In giving such consent, we do not
thereby admit that we come within the category of persons whose consent is
required under section 7 of the Securities Act of 1933, as amended, or the
rules and regulations of the Securities and Exchange Commission thereunder.
Very truly yours,
/s/ Baker & McKenzie
