<PAGE> 1
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549 November 14, 1995
Rule 24F-2 notice for
The Cardinal Group
1933 Act registration number 33-59984
Pursuant to Rule 24f-2 under the Investment Company Act of 1940, the
registrant, The Cardinal Group, hereby advises as follows:
1. The fiscal period for which this notice is filed is the
period ended September 30, 1995.
2. The number of securities of the same class registered under
the Securities Act of 1933 other than pursuant to Rule 24f-2
which remain unsold at the beginning of said fiscal period
is none.
3. The number of such securities registered during said fiscal
period other than pursuant to Rule 24f-2 is none.
4. The number of such securities sold during said fiscal period
is 301,261. *
5. The number of such securities sold during said fiscal period
in reliance upon registration pursuant to Rule 24f-2 is
301,261. *
* Calculation of filing fee does not include 44,785 shares issued in
reinvestment of dividends.
<TABLE>
<CAPTION>
Number Aggregate
of shares sales price
--------- -----------
<S> <C> <C>
Units of Beneficial Interest
without par value, sold
during the fiscal period ended
September 30, 1995 301,261 $3,294,345
Aggregate Redemption Price of
Units of Beneficial Interest,
without par value redeemed
during the fiscal period
ended September 30, 1995 (603,243) ($6,342,725)
Aggregate Redemption Price
previously applied pursuant to
Rule 24e-2(a) 0 $0
</TABLE>
<PAGE> 2
The Cardinal Group 24f-2 Notice (continued)
<TABLE>
<CAPTION>
Number Aggregate
of shares sales price
--------- -----------
<S> <C> <C>
Net Aggregate Sales Price (301,982) ($3,048,380)
Amount of filing fee at 1/29 of
one percent of Aggregate Net
Sales Price(1) $0.00
</TABLE>
The Cardinal Group
By /S/ J. M. Schrack
---------------------------------
J. M. Schrack, Treasurer
- -------------
(1) The filing fee allocated between the two series of The Cardinal Group based
upon the actual sales and redemptions experienced by each series.
