DOMINION FUNDS INC
24F-2NT, 1998-08-31
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                      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.

1.   Name and address of issuer:
 
Dominion Funds, Inc.
 
2.  The name of each series or class of securities for which this 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):
 
Dominion Insight Growth Fund Series

3. Investment Company Act File Number:       811-6727

   Securities Act File Number:               33-49808

4(a) Last day of fiscal year for which this Form is filed:  6/30/98

4(b) Check box if this Form is being filed 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.

4(c) Check box if this is the last time the issuer will be filing this Form. 
     [  ]
 
5.   Calculation of registration fee:
 
     (i)   Aggregate sale price of securities sold during the fiscal year
           pursuant to section 24(f):

           $2,216,074

     (ii)  Aggregate price of securities redeemed or repurchased during the
           fiscal year:

           $8,564,554

     (iii) Aggregate price of securities redeemed or repurchased during any
           prior fiscal year ending 

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     no earlier than October 11, 1995 that were not previously used to reduce 
     registration fees payable to the Commission:

           $0

     (iv)   Total available redemption credits [add Items 5(ii) and 5(iii):
            
            $8,564,554
                       
     (v)    Net sales -- if Item 5(i) is greater than Item 5(iv) [subtract
            Item 5(iv) from Item 5(i)]: 
            
     (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)]:
            
            $ (6,348,480)
            
     (vii)  Multiplier for determining registration fee (See Instruction C.9):
            
            x  .000295
 
     (viii) Registration fee due [multiply Item 5(v) by Item 5(vii)] (enter
            "0" if no fee is due):

            =  $ 0

6.   Prepaid Shares
 
     If the response to Item 5(i) was determined by deducting an amount of 
securities that were registered under the Securities Act of 1933 pursuant to 
rule 24e-2 as in effect before October 11, 1997, then 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 that number here: _________ . 
 
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):

     +  $ 0
 
8.   Total of the amount of the registration fee due plus any interest due [line
5(viii) plus line 7]:
 
     =  $ 0 
 
9.   Date the registration fee and any interest payment was sent to the
Commission's lockbox depository:

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                Method of Delivery:
 
                           [   ] Wire Transfer
 
                           [   ] Mail or other means
 

 
                                     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.
 
DOMINION FUNDS, INC.

By: /s/  Brian E. White
    --------------------------
    Brian E. White,
    President
 
 
Date: August 28, 1998






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