U.S. SECURITIES & 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 Hanover Investment Funds, Inc.
237 Park Avenue
New York, NY 10017
2 Name of each series or class of funds for which this notice is filed:
The Short Term U.S. Government Fund The Small Capitalization Growth
Fund
The U.S. Government Securities Fund The American Value Fund
The Tax Free Income Fund The New Jersey Tax Free Income
Fund
The New York Tax Free Income Fund The International Equity Fund
The Blue Chip Growth Fund The International Bond Fund
3 Investment Company Act File Number: 811-7328
Securities Act File Number: 33-54012
4 Last day of fiscal year for which
this notice is filed: November 30, 1995
5 Check box if this notice is being filed more than
180 days after the close of issuer's fiscal year
for purposes of reporting securities sold after
the close of the fiscal year but before
termination of the issuer's 24f-2 declaration __________________
6 Date of termination of issuer's
declaration under rule 24f-2(a)(1),
if applicable: Not applicable
7 Number and amount of securities of the same class or
series which had been registered under the Securities
Act of 1933 other than pursuant to rule 24f-2 in a
prior fiscal year, but which remained unsold at the
beginning of the fiscal year: None
8 Number and amount of securities registered during
the fiscal year other than pursuant to rule 24f-2:
None
9 Number and aggregate sale price of securities sold
during the fiscal year:
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Shares Amounts
_____ ______
The Short Term U.S. Government Fund 1,600,521 $15,568,521
The U.S. Government Securities Fund 1,565,032 15,166,036
The Tax Free Income Fund -- --
The New York Tax Free Income Fund -- --
The Blue Chip Growth Fund 1,180,600 13,503,924
9 Number and aggregate sale prices of securities sold
during the fiscal year (continued):
Shares Amounts
_____ ______
The Small Capitalization Growth Fund 1,651,930 $16,956,383
The American Value Fund 717,505 7,267,885
The New Jersey Tax Free Income Fund -- --
The International Equity Fund -- --
The International Bond Fund -- --
6,715,588 $68,462,749
10 Number and aggregate sale price of securities sold
during the fiscal year in reliance upon registration
pursuant to rule 24f-2:
The Hanover Investment Funds, Inc. 6,715,588 $68,462,749
11 Number and aggregate sale price of securities
issued during the fiscal year in connection
with dividend reinvestment plans, if applicable:
The Short Term U.S. Government Fund 40,865 $394,455
The U.S. Government Securities Fund 13,955 136,120
The Tax Free Income Fund -- --
The New York Tax Free Income Fund -- --
The Blue Chip Growth Fund 3,996 41,014
The Small Capitalization Growth Fund -- --
The American Value Fund 4,188 44,599
The New Jersey Tax Free Income Fund -- --
The International Equity Fund -- --
The International Bond Fund __ __
63,004 $616,188
12 Calculation of registration fee:
(i) Aggregate sale price of securities
sold during the fiscal year in
reliance on rule 24f-2 (from Item 10) $68,462,749
(ii) Aggregate price of shares issued
in connection with dividend reinvestment
plans (from item 11, if applicable): 616,188
(iii) Aggregate price of shares redeemed or
repurchased during the fiscal year
(if applicable): 72,037,897
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(iv) Aggregate price of shares redeemed
or repurchased and previously applied
as a reduction to filing fees pursuant
to rule 24e-2 (if applicable): 0
(v) Net aggregate price of securities sold
and issued during the fiscal year in
reliance on rule 24f-2 (line (i), plus
line (ii), less line (iii), plus line (iv)) (2,958,960)
(vi) Multiplier prescribed by Section 6(b)
of the Securities Act of 1933 or other
applicable law or regulation 1/29 of 1%
(vii) Fee due (line (i) or line (v) multiplied
by line (vi)): no fee due
13 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:) ________________
Date of mailing or wire transfer of filing
fees to the Commission's lockbox depository: Not applicable
_______________________________
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:
By (Signature and Title) /s/ Donald E. Brostrom
Donald E. Brostrom, Asst. Treasurer
Date January 26, 1996
