UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C., 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
1. Name and address of Issuer:
The Canandaigua Funds
(f/k/a The Canandaigua National Collective Investment Fund for
Qualified Trusts)
72 South Main Street, Canandaigua, New York 14424
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): [ X ]
3. Investment Company Act File Number: 811-7322
Securities Act File Number: 033-53698
4(a). Last day of fiscal year for which this Form is filed: December 31,
1997*
4(b). <square>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). <square>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): $1,586,676.72
(ii) Aggregate price of securities redeemed
or repurchased during the fiscal year: $ 522,506.74
(iii) Aggregate price of securities redeemed
or repurchased during any prior
fiscal year ending 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)): -$ 522,506.74
(v) Net sales - if Item 5(i) is greater than Item 5(iv)
(subtract Item 5(iv) from Item 5(i)): $1,064,169.98
(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)): $( -0- )
(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): $ 313.93
6. Prepaid Shares (N/A)
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): (N/A)
+$ -0-
8. Total of the amount of the registration fee due plus any interest due
(line 5(viii) plus line 7):
=$ 313.93
9. Date the registration fee and any interest payment was sent to the
Commission's lockbox depository:
Payment wired March 27, 1998 to SEC's account at Mellon Bank.
Method of Delivery: [ X ] Wire Transfer for CIK #0000893730
[ ] Mail or other means
* NOTE: All calculations set forth herein are based on sales and
redemptions of the issuer's shares for the period from August 9, 1997
through December 31, 1997 only, as the predecessor of the issuer filed
notices on Form 24F-2 and 24F-1 on August 12 and 13, 1997, respectively, to
pay the required registration fees for all shares sold during the period
from January 1, 1997 through June 30, 1997 and from July 1, 1997 through
August 8, 1997, respectively, pursuant to the requirements of Rules 24f-2
and 24f-1 as then in effect.
SIGNATURES
This report has been signed below by the following person on behalf of the
issuer and in the capacities and on the dates indicated.
By: /s/STEVEN H. SWARTOUT
Steven H. Swartout, Secretary and Treasurer
The Canandaigua Funds
Date: March 27, 1998
