NOTIFICATION OF ELECTION UNDER RULE 24f-1
1. Name and address of issuer:
Canandaigua National Collective Investment Fund for Qualified Trusts
(the "Fund"), 72 South Main Street, Canandaigua, New York 14424.
2. Name of each series or class of funds for which this notice is filed:
Equity Portfolio; Bond Portfolio
3. Investment Company Act File Number: 811-7322
Securities Act File Number: 33-53698
4. Number and aggregate sale price of securities sold with respect to
which this Notice of Retroactive Registration is filed:
22,832.942 Shares and Aggregate Sale Price: $418,246.03
5. Period of time during which securities were sold with respect to which
this Notice of Retroactive Registration is filed:
July 1, 1997 through August 8, 1997.
6. Calculation of registration fee:
(i) Aggregate sale price of securities sold with respect to which this
Notice of Retroactive Registration is filed: $418,246.03
(ii) Multiplier prescribed by Section 6(b) of the Securities Act of 1933
or other applicable law or regulation:
1/33rd of 1% of aggregate sales price of securities sold
(iii) Base registration fee due [line (i) multiplied by line (ii)]:
$126.74
(iv) Base registration fee tripled per Rule 24f-1(c): $380.22
7. 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). [X]
Date of mailing or wire transfer of filing fees to the Commission's lockbox
depository: August 11, 1997.
8. ISSUER STATEMENT:
Pursuant to Rule 24f-1(b)(2), the Fund hereby confirms that the
securities with respect to which this Notice of Retroactive Registration is
filed were sold in accordance with its usual method of distributing its
registered securities, under which prospectuses are made available for
delivery to offerees and purchasers of such securities in accordance with
Section 5(b) of the Securities Act of 1933, as amended.
SIGNATURES
This Notification has been signed below by the following person on behalf
of the issuer and in the capacities and on the dates indicated.
By (Signature and Title)* /S/ ROBERT J. SWARTOUT, SECRETARY
Robert J. Swartout,
Secretary and Member, Supervisory Committee
of the Fund
Date: August 11, 1997
* Please print the name and title of the signing officer below the
signature.
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EXHIBIT INDEX
Exhibit
Number Description Location
99.1 Certified Copy of Resolutions Filed
of Supervisory Committee herewith
99.2 Opinion of Counsel Filed
herewith
EXHIBIT 99.1
SECRETARY'S CERTIFICATE
The undersigned hereby certifies that he is the duly-appointed and
acting Secretary to the Supervisory Committee of the Canandaigua National
Collective Investment Fund for Qualified Trusts, that the following
resolutions were duly adopted by said Supervisory Committee by written
consent dated as of August 11, 1997, and that such resolutions have not
been rescinded and are in full force and effect:
RESOLVED, that this Fund take such steps as are necessary to
file an appropriate notice pursuant to Rule 24f-1 under the
Investment Company Act of 1940 with the Securities and Exchange
Commission with respect to the sales of units of beneficial
interest in this Fund which occurred between July 1, 1997 and
August 8, 1997; and be it further
RESOLVED, that the Secretary of this Fund be, and he hereby
is, authorized and directed to take all such actions and to
execute and file all such documents as he may deem necessary or
appropriate to effectuate the intent of the foregoing resolution.
IN WITNESS WHEREOF, the undersigned has executed this Certificate this
11th day of August, 1997.
/S/ ROBERT J. SWARTOUT, SECRETARY
Robert J. Swartout,
Secretary
EXHIBIT 99.2
August 8, 1997
(716) 258-2813
Canandaigua National Collective Investment
Fund for Qualified Trusts
c/o Robert J. Swartout, Secretary
The Canandaigua National Bank and Trust Company
72 South Main Street
Canandaigua, New York 14424
Dear Sirs:
Subject to the filing by the Canandaigua National Collective
Investment Fund for Qualified Trusts (the "Fund") with the Securities and
Exchange Commission of an appropriate Notification of Retroactive
Registration pursuant to Rule 24f-1 under the Investment Company Act of
1940, as amended, with respect to the sales of units of the Fund that
occurred between July 1, 1997 and August 8, 1997, it is our opinion that
the 17,285.171 units of the Equity Portfolio of the Fund issued during the
period from July 1, 1997 through August 8, 1997 and the 5,547.771 units of
the Bond Portfolio of the Fund issued during the same period were legally
issued, fully paid, and non-assessable.
Very truly yours,
/s/ Underberg & Kessler LLP
UNDERBERG & KESSLER LLP
