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.
Please print or type.
1. Name and address of issuer:
Nicholas-Applegate Capital Management
2. Name of each series or class of funds for which this notice is filed:
See Attached Exhibit A
3. Investment Company Act File Number: 811-9074
Securities Act File Number: 33-94896
4. Last day of fiscal year for which this notice is filed:
March 31, 1996
5. Check box if this notice is being filed more than 180 days after the
close of the 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 (see instruction A.6):
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: 0
8. Number and amount of securities registered during the fiscal year
other than pursuant to rule 24f-2: 0
9. Number and aggregate sales price of securities sold during the fiscal
year:
41,466,734 Shares $334,933,476
<PAGE>
10. Number and aggregate sales price of securities sold during the fiscal
year in reliance upon registration pursuant to rule 24f-2:
41,466,734 Shares $334,933,476
11. Number and aggregate sales price of securities issued during the
fiscal year in connection with dividend reinvestment plans, if
applicable (see instruction B.7):
1,438,524 Shares $18,002,770
12. Calculation of registration fee:
(I) Aggregate sales price of securities sold
during the fiscal year in reliance on
rule 24f-2 (from item 10):
$334,933,476
-----------------------
(ii) Aggregate price of shares issued in
connection with dividend reinvestment
plans (from Item 11, if applicable)
+18,002,770
-----------------------
(iii)Aggregate price of shares redeemed or
repurchased during the fiscal year (if
applicable):
-$328,464,077
-----------------------
(iv) aggregate price of shares redeemed or
repurchased and previously applied as a
reduction to filing fees pursuant to
rule 24e-2 (if applicable): +n/a
-----------------------
(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
$24,472,169 (iv)] (if applicable):
$24,472,169
-----------------------
(vi) Multiplier prescribed by Section 6(b) of
the Securities Act of 1933 or other
applicable law or regulation (see
instruction C.6):
x 0.00034483
-----------------------
(vii)Fee due [line (I) or line (v) multiplied
by line (vi)]: $8,438.74
=======================
Instructions: issuers should complete lines (ii), (iii), (iv), and (v) only if
the form is being filed within 60 days after the close of the
issuer's fiscal year. See Instruction C.3.
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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
the Informal and Other Procedures 917 CFR 202.3a). [X]
================================================================================
Date of mailing or wire transfer of file fees to the Commission's
lockbox depository:
May 29, 1996
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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/ Eric M. Banhazl
------------------------------------
Eric M. Banhazl/ Assistant Treasurer
------------------------------------
Date: May 20, 1996
------------------------------------
* Please print the name and title of the signing officer below the signature.
<PAGE>
EXHIBIT A
Core Growth Portfolio A
Core Growth Portfolio B
Core Growth Portfolio C
Core Growth Institutional Portfolio
Core Growth Qualified Portfolio
Income & Growth Portfolio A
Income & Growth Portfolio B
Income & Growth Portfolio C
Income & Growth Institutional Portfolio
Income & Growth Qualified Portfolio
Balanced Growth Portfolio A
Balanced Growth Portfolio B
Balanced Growth Portfolio C
Balanced Growth Institutional Portfolio
Balanced Growth Qualified Portfolio
Worldwide Growth Portfolio A
Worldwide Growth Portfolio B
Worldwide Growth Portfolio C
Worldwide Growth Institutional Portfolio
Worldwide Growth Qualified Portfolio
International Growth Portfolio A
International Growth Portfolio B
International Growth Portfolio C
International Growth Institutional Portfolio
International Growth Qualified Portfolio
Emerging Growth Portfolio A
Emerging Growth Portfolio B
Emerging Growth Portfolio C
Emerging Growth Institutional Portfolio
Emerging Growth Qualified Portfolio
Emerging Countries Portfolio A
Emerging Countries Portfolio B
Emerging Countries Portfolio C
Emerging Countries Institutional Portfolio
Emerging Countries Qualified Portfolio
Government Income Portfolio A
Government Income Portfolio B
Government Income Portfolio C
Government Income Qualified Portfolio
Money Market Portfolio
MiniCap Growth Institutional Portfolio
Fully-Discretionary Institutional Portfolio
Short-Intermediate Institutional Portfolio
<PAGE>
PAUL, HASTINGS, JANOFSKY & WALKER
555 South Flower Street
Los Angeles, California 90071
Telephone (213) 683-6000
May 29, 1996
Nicholas-Applegate Mutual Funds,
600 West Broadway, 30th Floor
San Diego, California 92101
Re: Rule 24f-2 Notice for Fiscal Year
Ended December 31, 1996
SEC File Nos. 811-7428, 33-56094
CIK No. 0000895430
Ladies and Gentlemen:
You have requested that we render an opinion to
Nicholas-Applegate Mutual Funds (the "Fund") as to the matters described in Rule
24f-2(b)(1) under the Investment Company Act of 1940 (the "Act"), which opinion
you are required to file with the Securities and Exchange Commission (the
"Commission") together with a Rule 24f-2 Notice for the fiscal year ended March
31, 1996 (the "Notice").
With respect to factual matters in this opinion, we have
relied upon the accuracy of the representations made to us by the Assistant
Treasurer of the Fund in a certificate executed by him and have not
independently verified the accuracy of such factual information. We have also
examined originals or copies, certified or otherwise identified to our
satisfaction as being true copies, of those records of the Fund, certificates of
public officials, and other documents and matters as we have deemed necessary
for the purpose of this opinion. We have assumed without independent
investigation or verification the authenticity of the documents submitted to us
as originals and the conformity to the original documents of all documents
submitted to us as copies.
Upon the basis of the foregoing and in reliance thereon,
and in reliance upon such other matters as we deem relevant under the
circumstances, it is our opinion that the
<PAGE>
shares of beneficial interest of the Fund issued during the Fund's fiscal year
ended March 31, 1996, the registration of which shares the Notice makes definite
in number, are legally issued, fully paid and nonassessable.
We have not verified, are not passing upon and do not
assume any responsibility for the accuracy or completeness of the statements
contained in the Notice, or for the propriety of the filing of the Notice with
the Commission. Our opinion is limited to the Act and the laws of the State of
Delaware, and we express no opinion as to the applicability or effect of the
laws of any other jurisdiction.
This letter is furnished to you pursuant to your request
and to the requirements imposed upon you by Rule 24f-2(b)(1) under the Act and
is intended solely for your benefit for the purpose of completing the filing of
the Notice with the Commission. This letter may not be used for any other
purpose or furnished to or relied upon by any other persons, or including in any
filing made with any other regulatory authority, without our prior written
consent.
Very truly yours,
s/ PAUL, HASTINGS, JANOFSKY & WALKER
