Form 24f-2
Annual Notice of Securities Sold Pursuant to Rule 24F-2
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:
The Laidlaw Covenant Fund
100 Park Avenue
New York, NY 10017
- ---------------------------------------------------------------------------
2. Name of each series or class of funds for which this notice is filed:
The Laidlaw Covenant Fund
- ---------------------------------------------------------------------------
3. Investment Company Act File Number: 811-7604
Securities Act File Number: 33-60510
- ---------------------------------------------------------------------------
4. Last day of fiscal year for which this notice is filed:
December 31, 1995
- ---------------------------------------------------------------------------
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):
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:
Not applicable.
- ---------------------------------------------------------------------------
8. Number and amount of securities registered during the fiscal year
other than pursuant to rule 24f-2:
Not applicable.
- ---------------------------------------------------------------------------
9. Number and aggregate sale price of securities sold during the fiscal
year:
54,934 shares of beneficial interest with an aggregate offering of
$815,009.
- ---------------------------------------------------------------------------
10. Number and aggregate sale price of securities sold during the fiscal
year in reliance upon registration pursuant to rule 24f-2:
54,934 shares of beneficial interest with an aggregate offering of
$815,009.
- ---------------------------------------------------------------------------
11. Number and aggregate sale price of securities issued during the fiscal
year in connection with dividend reinvestment plans, if applicable (see
Instruction B.7):
Not applicable.
- --------------------------------------------------------------------------
12. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the fiscal year in
reliance upon rule 24f-2 (from Item 10):
$ 815,009
(ii) Aggregate price of shares issued in connection with dividend
reinvestment plans (from Item 11, if applicable):
+ 0
(iii) Aggregate price of shares redeemed or repurchased during the
fiscal year (if applicable):
- 1,368,123
(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)] (if applicable):
$ (553,114)
(vi) Multiplier prescribed by Section 6(b) of the Securities Act of
1933 or other applicable law or regulation (see Instruction C.6)
x .00034483
(vii) Fee due [line (i) or line (v) multiplied by line (vi)]:
$ 0
Instruction : 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.
- ---------------------------------------------------------------------------
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/
Larry A. Silverstein, Treasurer
Date: February 27, 1996
* Please print the name and title of the signing officer below the
signature.
a:la24f2.dos
Direct Dial: (215) 564-8047
February 27, 1996
The Laidlaw Covenant Fund
100 Park Avenue
New York, New York 10017
Re: The Laidlaw Covenant Fund
Gentlemen:
We have examined the Agreement and Declaration of Trust of The
Laidlaw Covenant Fund (the "Trust"), an Indiana business trust, the by-laws
of the Trust, the minutes of meetings of the Trustees of the Trust, and the
various pertinent documents relating to the Trust's organization and
operation that we deem material. We have also examined the Notification of
Registration and the Registration Statement under the Securities Act of
1933 ("Securities Act") and the Investment Company Act of 1940
("Investment Company Act"), and all amendments thereto, as well as other
items we deem material to this opinion.
You have now advised us that the Trust is about to file, pursuant
to the provisions of Rule 24f-2 under the Investment Company Act, a Notice
for the purpose of registering under the Securities Act the 54,934 shares
of beneficial interest ("Shares") sold by the Trust pursuant to Rule 24f-2
during its fiscal year ending December 31, 1995. You have informed us that
the shares were sold in accordance with the Trust's usual method of
distributing its shares whereby currently effective prospectuses are made
available for delivery to offerees and purchasers of shares in accordance
with Section 5(b) of the Securities Act.
Based upon the foregoing information and examination, it is our
opinion that the 54,934 Shares sold in the fiscal year ending December 31,
1995, pursuant to Rule 24f-2, have been legally issued and are fully-paid,
non-assessable and legally outstanding shares of the Trust.
We hereby consent to the use of this opinion as an exhibit to the
Notice under Rule 24f-2 of the Trust, covering the registration of the said
Shares under the Securities Act and the applications and registration
statements, and amendments thereto, filed in accordance with the securities
laws of the several states in which Shares of the Trust are offered, and we
further consent to reference in the Prospectus of the Trust to the fact
that this opinion concerning the legality of the issue has been rendered by
us.
Very truly yours,
STRADLEY, RONON, STEVENS & YOUNG, LLP
By: /s/
Joseph V. Del Raso
a:la-op.dos
a:la-24f2.tem
