Rule 24f-2 Notice
The Legends Fund, Inc.
REGISTRATION STATEMENT ON FORM N1-A, NO. 33-50434
This notice is filed by The Legends Fund, Inc. (the "Fund") in connection with
its registration of an indefinite number of shares ("Shares") under the
above-referenced registration statement pursuant to Rule 24f-2 of the Investment
Company Act of 1940. To maintain compliance with Rule 24f-2, the Fund declares
that:
(1) This notice is filed for the fiscal year ended 1995.
(2) No securities registered under the Securities Act of 1933, other than
pursuant to Rule 24f-2, remained unsold at the beginning of fiscal year
1995.
(3) During fiscal year 1995, other than securities registered pursuant to Rule
24f-2, no securities were registered.
(4) $68,969,583 of shares were sold during fiscal year 1994.
(5) $68,969,583 of shares were sold during fiscal year 1994 in reliance upon
registration pursuant to Rule 24f-2.*
THE LEGENDS FUND, INC.
By: /s/Kevin L. Howard
-------------------
Kevin L. Howard
Secretary
August 24, 1995
* The calculation of the filing fee is set forth on the attached page to this
Notice.
The filing fee is calculated as follows:
1 - [ 2 - 3 ], where
1 equals the actual aggregate sales price of Shares sold in reliance on
Rule 24f-2,
2 equals the actual aggregate redemption price of redeemed Shares during
fiscal year 1995,
3 equals the actual aggregate redemption price previously applied under
Section 24e-2(a) of the 1940 Act.
For fiscal year 1995:
1 = $ 68,969,583
2 = $ 50,517,796
3 = $ 0
$ 18,451,787 = (if positive A, if negative B)
A. $ 18,451,787/2900 = $ 6,363.00 (registration fee due)
(OR)
B. This number being negative, there is no registration fee.
August 24, 1995
The Legends Fund, Inc.
239 S. Fifth Street, 12th Floor
Louisville, KY 40202
Dear Sirs:
This opinion is furnished in connection with the filing by The Legends Fund,
Inc. (the "Fund") of a Notice (the "Notice") pursuant to Rule 24f-2 (the "Rule")
under the Investment Company Act of 1940 relating to the registration by the
Fund under the Securities Act of 1933 (the "1933 Act") of an indefinite number
of shares. These securities were registered by the filing under the 1933 Act of
Registration Statement No. 33-50434 (the "Registration Statement") which became
effective on November 20, 1992. In reliance upon the Rule, $68,969,583 shares
were sold in the fiscal year ended June 30, 1995 (the "Shares"). The Shares are
described in the Prospectus included in the Registration Statement, as amended.
I have examined all such corporate records of the Fund and such other documents
and such laws as I consider appropriate as a basis for the opinion hereinafter
expressed. On the basis of such examination, it is my opinion that:
1. The Fund is a corporation duly organized and validly existing under the
laws of the state of Maryland.
2. The Shares, the registration of which the Notice makes definite in number,
are validly issued, fully paid and non-assessable.
Sincerely,
/s/Kevin L. Howard
---------------------
Kevin L. Howard, Esq.
