U.S. Securities and Exchange Commission
Washington, DC 20549
Attention: 1933 Act Filing
Rule 24f-2 Notice for The HomeState Group Pennsylvania Growth Fund, Registration
Statement No. 33-48940
Gentlemen:
On October 1, 1992, Pre-Effective Amendment No. 3 to the Registration Statement
of the HomeState Group - HomeState Pennsylvania Growth Fund was declared
effective by the SEC. The Amendment represented the Fund's election to register
an indefinite number of shares for the fiscal year ended June 30, 1993, and
thereafter, and this Notice, filed pursuant to Rule 24f-2, is for the fiscal
year ended June 30, 1995.
The following information is furnished:
(a) Shares registered under the Securities Act
of 1933 other than pursuant to Section 24(f)
which remained unsold on June 30, 1994: -0-
(b) Shares registered during fiscal year other
than pursuant to Section 24(f): -0-
Total of (a) and (b): -0-
Shares Dollar Amount
(c) Total number and amount of shares
sold during fiscal year: 670,899 $9,021,148
(d) Total number and amount of shares
sold during fiscal year in reliance upon
Section 24(f): 670,899 $9,021,148
CALCULATION OF FEE:
Aggregate sales price of shares sold, multiplied by filing fee under Section
6(b) of the Securities Act of 1933:
$9,021,148 (aggregate sales price of shares sold) x 0.00034483 (filing fee) =
$3,110.76.
An opinion of counsel is enclosed.
Very truly yours,
/s/ Scott L. Rehr
Scott L. Rehr
President
The HomeState Group
Duane, Morris & Heckscher
Attorneys at Law
305 N. Front Street
P.O. Box 1003
Harrisburg, PA 17108-1003
(717) 237-5500
December 27, 1995
The HomeState Group
Pennsylvania Growth Fund
1857 William Penn Way
Suite 203
Lancaster, PA 17601
Dear Sirs:
We are general counsel to your trust (the "Trust"). This letter is in response
to your request for our opinion in connection with the filing by you of a "Rule
24f-2 Notice" pursuant to Rule 24f-2 promulgated under the Investment Company
Act of 1940, as amended (the "1940 Act"). In such notice you will report the
sale during the fiscal year ended June 30, 1995 of an agregate 670,899 shares of
your common stock (the "Shares").
We have acted as counsel to the Trust since its organization and in connection
with the filing by the Trust of a registration statement, and amendments
thereto, with the United States Securities and Exchange Commission under the
Securities Act of 1933, as amended, and the 1940 Act. In so acting, we have
examined a copy of the Trust Indenture of the Trust, a draft of the Rule 24f-2
Notice, the orginal or reproduced or certified copies of all such records of the
Trust, agreements, certificates of officers and representatives of the Trust and
others, and such other documents, papers, statutes and authorities as we deemed
necessary to form a basis for the opinion hereinafter expressed. As to matters
of fact relevant to such opinion, we have relied upon the draft Rule 24f-2
Notice and statements and certificates of officers and representatives of the
Trust and others for the truth, accuracy and completeness of the matters stated
therein without conducting any independent investigation. In addition, we have
assumed and relied upon the accuracy, completeness, authenticity and genuineness
of all documents and certificates examined and all signatures thereon and the
conformity to the original documents of the copies of documents supplied to us
as originals or reproduced copies.
Based upon and subject to the foregoing, we are of the opinion that the Shares
referred to in the draft Rule 24f-2 Notice were validly issued, fully paid and
non-assessable.
We consent to the filing of this opinion with the Rule 24f-2 Notice referred to
above. In giving such permission, we do not admit hereby that we come within the
category of persons whose consent is required under Section 7 of the Securities
Act of 1933 or the rules and regulations of the Securities and Exchange
Commission thereunder.
Very truly yours,
/s/ Duane, Morris & Heckscher
Duane, Morris & Heckscher
