UNITED STATES
SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-23C-1
STATEMENT BY REGISTERED CLOSED-END
INVESTMENT COMPANY WITH RESPECT TO PURCHASE OF ITS OWN
SECURITIES PURSUANT TO RULE N-23C-1 DURING THE LAST CALENDAR MONTH
REPORT FOR CALENDAR MONTH ENDED MARCH 31, 1996
SHERMAN,DEAN FUND,INC.
-----------------------------------------
(Name of registered closed-end investment company)
Date of Each Transaction: March 29, 1996
Identification of Security: Sherman,Dean Fund,Inc. Common Stock, $1 Par Value,
CUSIP 824150106
Number of Shares Purchased: See Exhibit #1 Attached
Price Per Share: $9.99
Approximate Asset Value or
Approximate Asset Coverage
Per Share at Time of Purchase: $9.99
Name of Seller or of Seller's Broker: See Exhibit #1 Attached
Remarks:
Sherman,Dean Fund, Inc.
_________________________
Name of Registrant
By: David Sherman, Vice President
----------------------------------
Name Title
Date of Statement: April 3, 1996
SHERMAN,DEAN FUND, INC.
EXHIBIT NO. 1 REFERRING TO REPORT ON
FORM N-23C-1 DATED MARCH 31, 1996
SHARES ACCOUN REGISTRATION REGISTRATION
PURCHASED # LINE 1 LINE 2
---------- ------ -------------------- --------------------
240.239 001679 DAVID S. AMEETI
240.238 001676 ROBERT K. AMEETI
240.239 001678 STEVEN C. AMEETI
620.476 001589 SUE LANI ANDRASSY
1,323.322 001010 HINDA RENEE ADRIA MICHELLE
ASKENAZY, C/F ASKENAZY, UGMA MI
234.775 001013 GEORGE A. AUER & HELEN M. AUER,
JTWROS
1.001 001017 BAMERINT & CO. BANK AMERICA
INTERNATIONAL
116.000 001710 PETER BARNES, ttee THE PETER BARNES
REVOCABLE TRUST
289.311 001667 RICHARD J. BARTONE, RICHARD J. BARTONE
ttee TRUST
259.519 001023 LEONARD BASSIS & SHIRLEY BASSIS,
JTWROS
240.240 001024 ALICE BAUM & ARNOLD L. BAUM,
JTWROS
66.102 001026 BEAR STEARNS MUTUAL FUND DEPT-4TH
SECURITIES CORP. FL.
298.950 001034 VICTOR P. BEVEC
1,190.269 001508 MICHELLE D. BIANCHI
103.489 001039 BURTON H. BLOCK
152.351 001041 JAMES C. BORRA & WINIFRED M. BORRA,
JTWROS
139.387 001043 BERNARD J. BOTTOMLEY JUDITH A. BOTTOMLEY,
& JTWROS
424.323 001212 LISBETH
HOUGHTON-BRACKER
105.374 001046 WAYNE BRASINGTON
393.117 001049 MARY SCULL BROWN
55.307 001052 NEIL H. BRUCKNER
2,022.179 001055 BUDDHA'S UNIVERSAL
FOUNDATION
107.476 001056 GARY Y. BUEHLER
254.200 001057 FREDRIC R. BURGESS & ROBERT D. BURGESS,
JTWROS
0.056 001060 STEPHEN F. BUZZA
234.775 001065 BERTRAM E. CARLSON & ADELLA A. CARLSON,
JTWROS
453.110 001067 ROBERT W. CARRY
559.269 001681 CHARLES SCHWAB & FBO:ROBERT H. BAUMAN
CO.INC.
582.353 001683 CHARLES SCHWAB & FBO:WILLIAM R.
CO.,INC. BUSCHE
143.325 001686 CHARLES SCHWAB & FBO:SANFORD R.
CO.,INC. DEMAIN
103.093 001680 CHARLES SCHWAB & FBO:DAVID MICHAEL
CO.,INC. ADELSON
0.732 001703 CHARLES SCHWAB & FBO:CHARLES G.
CO.,INC. HUNTER
PAGE 1
SHERMAN,DEAN FUND, INC.
EXHIBIT NO. 1 REFERRING TO REPORT ON
FORM N-23C-1 DATED MARCH 31, 1996
SHARES ACCOUN REGISTRATION REGISTRATION
PURCHASED # LINE 1 LINE 2
---------- ------ -------------------- --------------------
1.000 001684 CHARLES SCHWAB & FBO:CHRIST CHRISTO
CO.,INC.
450.000 001690 CHARLES SCHWAB & FBO:LOUIS LAURO
CO.,INC.
480.000 001694 CHARLES SCHWAB & FBO:ROB MENDIOLA C/F
CO.,INC. MARCUS
664.894 001697 CHARLES SCHWAB & FBO:SHIRLEY HAYS
CO.,INC. SMITH
193.583 001700 CHARLES SCHWAB & FBO:EDWARD E.VON
CO.,INC. EMSTER
205.761 001689 CHARLES SCHWAB & FBO:MARK T. LAMET
CO.,INC.
316.122 001687 CHARLES SCHWAB & FBO:SHIH-LIH FANG &
CO.,INC. EUNICE FANG
286.453 001691 CHARLES SCHWAB 7 FBO:ALAN H.
CO.,INC. LYNCHOSKY
342.466 001699 CHARLES SCHWAB & FBO:JOHN T.KOTT &
CO.,INC. D.A. KOTT
0.964 001702 CHARLES SCHWAB & FBO:KALIOPE CHRISTO
CO.,INC.
286.453 001692 CHARLES SCHWAB & FBO:MOLLY A.
CO.,INC. LYNCHOSKY
307.010 001693 CHARLES SCHWAB & FBO:PHILLIP L.
CO.,INC. MALOVICH
1,138.224 001688 CHARLES SCHWAB & FBO:OCERETKO
CO.,INC. JAROSLAV
67.768 001682 CHARLES SCHWAB & FBO:JAMES L. BROWN
CO,INC.
720.712 001070 CHARLES WOLF & RETIREMENT PLAN
SONS,INC.
355.664 001072 JOSEPH LIANG-PING ELIZABETH S. CHEN,
CHEN & JTWROS
223.858 001073 WAI FONG CHIN
10.943 001075 WESLEY CHU & JULIA
CHU, JTWROS
270.697 001078 GARY DEEN CLAUSSEN
10.770 001079 ROBERT N. CLUCK
234.775 001084 ESTATE OF DAVID CLAYTON H. CORRIGAN,
ANTHONY CORRIGAN EXECUTOR
122.849 001708 MARILYN M. DALLAIRE
122.849 001094 RAYMOND A. DALLAIRE
389.596 001104 LOUIS DiGIACOMO
295.932 001112 SAJJAD H. DURRANI & B.K. YASMIN DURRANI,
JTWROS
245.698 001114 JOHN A. ECK, ttee Trust Dtd 9/13/68
833.837 001305 DORYCE R. EHRLICH
115.272 001121 ANDREW R. ESTIN
272.996 001123 JACOB EVER & VALERIE A. EVER,
JTWROS
529.618 001124 WYMAN F. EWING
289.377 001128 WARREN FELTON
PAGE 2
SHERMAN,DEAN FUND, INC.
EXHIBIT NO. 1 REFERRING TO REPORT ON
FORM N-23C-1 DATED MARCH 31, 1996
SHARES ACCOUN REGISTRATION REGISTRATION
PURCHASED # LINE 1 LINE 2
---------- ------ -------------------- --------------------
223.858 001129 HOWARD N. FERNBACH & JOANNE C. FERNBACH,
JTWROS
182.612 001130 IRWIN FERNBACK
143.678 001132 DONALD L. FINCH
22.336 001298 DINAH LOW FINE
263.727 001617 FIRST KENTUCKY TRUST JOHN H.
AS AGENT U/A/W HARRALSON,JR. DTD
3/10/66
502.721 001139 MARY LOU FRASER
325.431 001142 ROBERT FRIEDMAN
356.085 001145 MAYNARD D. FUSSELL & CONNIE J. FUSSELL,
JTWROS
10.139 001148 ROBERT E. GATEHOUSE
44.670 001149 ERIC GEDDES & JEAN GEDDES, JTWROS
1,184.812 001532 C. NORMAN GEYER UDEC GRANTOR TRUST,
dtd 11/17/83
730.305 001152 DRURY W. GHEGAN
363.680 001154 FRANK W. GIBSON & TONI E. GIBSON,
JTWROS
12.017 001155 W.H. GILDEMEISTER
223.858 001157 JULIUS GLUCK & CATHERINE GLUCK,
JTWROS
0.478 001158 JAMES S. GOEHLE & CHRISTINE E. GOEHLE,
JTWROS
545.996 001161 JOSEPH T. GOLDEN & ELSA GOLDEN, JTWROS
261.012 001164 STEVEN H. GOLDMAN & NATHAN B. GOLDMAN,
JTWROS
364.243 001165 ARTHUR D. GOLDSTEIN
263.992 001167 RUEBEN D. GONZALEZ & MARIA DE LA CRUZ
GONZALEZ, JTWROS
202.021 001169 CHESTER MYRON GOULD AILEEN MARION GOULD,
& JTWROS
14.784 001175 E. OPAL GREENWALT
262.080 001608 DAVID S. GROENFELDT
469.159 001179 HELEN GROOM
196.000 001194 RAY T. HEBERT
232.754 001198 HANS HERES & MARGARETHE HERES,
JTWROS
482.277 001199 MURRAY HERMAN & EVELYN R. HERMAN,
JTWROS
245.698 001675 NORMA K. NORMA K. HERZLIN
HERZLIN,ttee TRUST dtd 1/19/88
141.512 001206 RAYMOND H. HOLLAND
534.066 001208 DAVID F. HOPKINS
1.829 001210 TIMOTHY HORGAN
61.517 001211 ERNEST J. HORKY
335.946 001216 CHIH HUAI HSU & LISHIA HSU, JTWROS
436.795 001227 ADRIENNE JACOBSON
218.593 001229 MANOJ JAIN
436.795 001709 KATHLEEN M. JONES, THE JONES TRUST, DTD
ttee 1/2/87
PAGE 3
SHERMAN,DEAN FUND, INC.
EXHIBIT NO. 1 REFERRING TO REPORT ON
FORM N-23C-1 DATED MARCH 31, 1996
SHARES ACCOUN REGISTRATION REGISTRATION
PURCHASED # LINE 1 LINE 2
---------- ------ -------------------- --------------------
116.000 001711 VALERIE BARNES
JORDAN
170.756 001238 KAEMMER & CO.
PARTNERSHIP
240.240 001241 MARGARET JESSE KANT
578.949 001242 MARCUS E. KANTZ & CHARLOTTE B. KANTZ,
JTWROS
1.132 001244 SUDHANGSHU B.
KARMAKAR
218.395 001250 ROBERT F. KEPLER & MAVIS A. KEPLER,
JTWROS
240.240 001252 ARTHUR JOSEPH KERR & OLGA MARIA KERR,
JTWROS
61.811 001255 DONALD KILOURIE
240.240 001259 MAURICE EDWARD ELIZABETH SEMPLE
KINKADE & KINKADE, JTWROS
616.974 001262 DIETER J.H. KNOLLMAN
157.522 001264 RUTH KOLANI
229.316 001267 ABE S. KRAMER
103.284 001273 DIANE D. KUPFER C/F KUPFER, UGMA MA
JONATHAN W.
103.284 001274 DIANE D. KUPFER C/F SARAH D. KUPFER,
UGMA MA
56.808 001281 RAYMOND K. LEDBETTER
80.000 001284 WALTER LENER
245.698 001289 ESTATE OF FRANK G. ROBERT H.
LESTER OPPENHEIMER, EXEC.
31.646 001299 BARBARA M. WATROUS
102.881 001301 BARBARA A. LUDOVICI
251.158 001304 DAVID W. LUPIEN, JR.
109.067 001308 NATTAMAI R. MAHANRAM ANUPAMA MAHANRAM,
C/F UGMA NC
15.943 001309 JENO MANN & HELEN MANN, JTWROS
287.785 001311 MARGARET M. & ttees of LOUIS E.
STEPHEN A. MARCHI, MARCHI TRUST
287.784 001312 MARGARET M. MARCHI, MARGARET M. MARCHI
TRUSTEE TRUST
23.000 001314 RICHARD TOPKINS
MARKS
102.249 001316 JULIUS MARMUR & MILDRED ROSENBURG
MARMUR, JTWROS
318.236 001318 EDWARD R. MARRITS
105.715 001321 SHIRLEY A. MASSEY CARRYE E. PALLESCHI,
C/F UGMA MD
27.297 001322 LEON E.L. MATHWICK & MARIE M. MATHWICK,
JTWROS
517.355 001324 PHYLLIS MAYBERRY
851.582 001325 PENNY MAZLOFF
216.216 001329 CLAIRE McILVIAN
61.422 001330 WILLIAM K. McLENNAN
139.707 001516 DORIS ANN MERRITT
PAGE 4
SHERMAN,DEAN FUND, INC.
EXHIBIT NO. 1 REFERRING TO REPORT ON
FORM N-23C-1 DATED MARCH 31, 1996
SHARES ACCOUN REGISTRATION REGISTRATION
PURCHASED # LINE 1 LINE 2
---------- ------ -------------------- --------------------
223.858 001335 ADRIAN W. METZ & PATRICIA ANN METZ,
JTWROS
66.248 001336 BONNIE MIAL
171.704 001341 MICHAEL S. MILLER
226.718 001344 MARTIN MILLMAN & BEVERLY MILLMAN,
JTWROS
240.240 001349 NEAL J. MOSLOW & LINDA A. MOSLOW,
JTWROS
240.240 001350 SANFORD J. MOSTER
299.354 001356 RICHARD J. NERKO & NANCY NERKO, JTWROS
474.813 001706 ANA C. NICHOLAS
149.689 001619 JOHN F. O'CONNELL DECLARATION OF TRUST
JR, ttee 9/7/90
85.253 001372 WILLIAM O'NEIL & JACQUELINE O'NEIL,
JTWROS
177.081 001374 JOAN P. O'REILLY
204.499 001375 MERVYN K. OTSUKA C/F EARL E. OTSUKA, UGMA
CA
111.982 001384 GLEN J. PETERSON
239.869 001323 JANET C. PETERSON
420.184 001588 HARVEY B. PIPER
583.623 001395 GARY PRETSFELDER
45.610 001397 ANNA E. PRICE
305.624 001413 MARQUITA L. PRICE
150.842 001607 PRUDENTIAL CUST A/C FOR
SECURITIES,INC. EXCL.BENEFIT-CUSTOME
SPECIAL RS
7.639 001405 ROLF QUEDNAU
256.615 001668 DELBERT L. RALPHS
51.858 001411 P. RAGHAVA REDDY & SULOCHAN REDDY, TEN
IN COM
262.367 001412 JOEL RELIS
305.623 001414 THEODORE S. REMSTEDT
5.458 001418 RODMAN D. RHODES & JULIA H. RHODES,
JTWROS
5.458 001417 RODMAN D. RHODES
140.785 001419 ALBERT L. RHOTON,JR. C/O PLYMOUTH HOME
NAT'L BANK
545.996 001347 HELEN P. RICHARDSON
327.597 001424 GEORGE STANLEY
ROBERTS
198.189 001427 VENERA ROCLAW
442.253 001428 FAY L.W. RODGERS & JACK D. RODGERS,
JTWROS
234.775 001429 MELVIN I. ROE & MARY S. ROE, JTWROS
229.316 001431 ROY J. RONNFELDT & MR. ROY J.
RONNFELDT, JTWROS
112.387 001435 BERNARD ROSEN
437.420 001445 GEORGE J. SALTZ
98.554 001453 WILLIAM E. SCHLUETER JOAN A. SCHLUETER,
& JTWROS
PAGE 5
SHERMAN,DEAN FUND, INC.
EXHIBIT NO. 1 REFERRING TO REPORT ON
FORM N-23C-1 DATED MARCH 31, 1996
SHARES ACCOUN REGISTRATION REGISTRATION
PURCHASED # LINE 1 LINE 2
---------- ------ -------------------- --------------------
106.919 001456 ELDON H. SCHRODER
196.556 001459 ESTATE OF JOHN E. C/O CAROLINE S.
SEAGLER ARNOLD
126.263 001462 DAVID B. SEARS
126.263 001463 DAVID B. SEARS C/F MATTHEW T. SEARS,
UGMA MN
126.263 001464 DAVID B. SEARS C/F STACY L. SEARS, UGMA
MN
472.162 001466 CLARE SEIDENBERG
545.996 001465 HILDA SEIDENBERG
123.457 001601 VINCENT R. SHERMAN BRITT M. SHERMAN,
C/F UGMA WA
123.457 001600 VINCENT R. SHERMAN CARL R. SHERMAN,
C/F UGMA WA
341.773 001475 ALAN B. SHOWALTER
33.611 001476 HAROLD J. SIEBERT & LELA M. SIEBERT,
JTWROS
240.240 001477 GAIL B. SILVER
236.059 001478 SHIRLEY SILVERT
275.153 001482 ROGER E. SINNOTT
103.254 001483 MICHAEL J. SKINNER & KATHRYN M. SKINNER,
JTWROS
56.860 001484 JOHN P. SLATER
776.773 001486 WANDA W. SMITH
116.000 001468 SMITH BARNEY, INC.
896.301 001497 F.H.M. SPRUITENBERG MARTHER K.
& SPRUITENBERG, JTWROS
922.733 001507 ROBERT B. STEWART
1.967 001510 JOHANNES G. STRAVER
322.517 001513 MARTY SUGARMAN
123.253 001515 ROBERT S. SULLIVAN & ANN M. SULLIVAN,
JTWROS
266.296 001517 WILLIAM SUTAR
12.715 001707 ROSALIND L. THOMAS
135.685 001658 ELLSWORTH B. KATHRYN E.
THORNDIKE & THORNDIKE, JTWROS
310.945 001528 TUONG TRAN
40.000 001531 TZEDAKAH VOCHESED C/O EUGENE SANDER,
DAMIDOP FUND TREASURER
464.094 001535 ROSE MARIE UVARO & THERESA D'ALLEVA,
JTWROS
1,097.602 001381 JACK J. VERDOES & ROSE PERKINS, JTWROS
101.523 001539 SANDRA VOGEL
398.153 001541 WALDO C. WAGNER, for MARGARET M.
conservator WAGNER
287.087 001542 JOHN K. WALDRON
100.962 001545 ROBERT Y. WEBBER
249.439 001625 MILTON WECHSLER
458.635 001547 EDWARD G. WEED & FAY E. WEED, JTWROS
105.485 001551 DANIEL M. WEINBACH
304.358 001552 BRIAN P. WEINREIS
PAGE 6
SHERMAN,DEAN FUND, INC.
EXHIBIT NO. 1 REFERRING TO REPORT ON
FORM N-23C-1 DATED MARCH 31, 1996
SHARES ACCOUN REGISTRATION REGISTRATION
PURCHASED # LINE 1 LINE 2
---------- ------ -------------------- --------------------
237.657 001553 JACK WEINSTEIN, ttee SIMON B. WEINSTEIN
REV. TRUST
360.359 001554 JOHN A. WEISTO
322.140 001670 ROBERT E. WETTER, OF ESTATE OF TILLIE
PER. REP. WETTER
28.687 001559 EDWARD R. WHITE & HELEN P. WHITE,
JTWROS
172.117 001562 ESTHER E. WILLIAMS
405.266 001565 CHARLES RANDALL
WILSON
727.540 001568 MASAKO WIMPEE
115.272 001570 RUTH WINTERFIELD
16.267 001573 DANNY WONG & TINA F. CHIN, JTWROS
165.051 001575 TEDDY YADLOSKY
294.835 01576 ESTATE OF MILDRED E. EROL S. YALAZ,
YALAZ ADMINISTRATOR
218.395 001578 LOUIS YUSH & SARAH P. YUSH,
JTWROS
404.037 001580 JOSEPH W. ZANCHELLI
118.624 001581 PHILIPPE E. ZIMMERN
========== ====== ==================== ====================
Total: 60,580.683
PAGE 7
