SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
RULE 24f-2 NOTICE
FOR
LEHMAN BROTHERS FUNDS, INC.
(Name of Registrant)
3 World Financial Center
New York, NY 02109
(Address of principal executive offices)
Lehman Brothers Daily Income Fund-Select Shares
Lehman Brothers Daily Income Fund-CDSC Shares
Lehman Brothers Municipal Income Fund-Select Shares
Lehman Brothers Municipal Income Fund-CDSC Shares
Lehman Selected Growth Stock Portfolio-CDSC Shares
(Title of securities with respect to which Notice is filed)
Securities Act File No. 33-62312
Investment Company Act File No. 811-7706
The following information is required pursuant to Rule 24f-
2(b)(1):
(i). Fiscal year for which Notice is filed:
August 1, 1993 through July 31, 1994
(ii). Number or 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 but which remained unsold at the beginning of
such fiscal year:
None
(iii). Number or amount of securities, if any,
registered during
such fiscal year other than pursuant to Rule 24f-2:
None
(iv). Amount of securities sold during such fiscal
year:*
Lehman Brothers Lehman Brothers
Daily Income Fund- Daily Income
Fund-
Select Shares CDSC Shares
4,591,206,543.11 Shares 0 Shares
$4,591,206,543.11 $0
(See Exhibit A) (See Exhibit A)
Lehman Brothers Lehman Brothers
Municipal Income Fund- Municipal Income
Fund-
Select Shares CDSC Shares
1,214,632,907.91 Shares 9,788.31 Shares
$1,214,632,907.91 $9,788.31
(See Exhibit A) (See Exhibit A)
Lehman Selected Growth Stock Portfolio
Portfolio Shares
2,712,257.241 Shares
$26,711,937.05
(See Exhibit A)
An opinion of counsel with respect to the legality of the
above shares
accompanies this Notice.
DATED: September 22, 1994
LEHMAN BROTHERS FUNDS, INC.
By: /s/ Michael Kardok
Michael Kardok
Treasurer
* Excludes shares issued upon reinvestment of dividends.
2
lehman/retail/filings/9424f-2.doc
EXHIBIT A
The actual aggregate sales price for which the Portfolio
Shares were sold and
the actual redemption price of the Portfolio Shares redeemed
by the Registrant
during the fiscal year ended July 31, 1994, and the
calculation of the
registration fee pursuant to Rule 24f-2(c) of the Investment
Company Act of
1940 is set forth below.
Series of Portfolio
(a)Aggregate Sales Price of Securities Portfolio Sold
During the Fiscal Year
(b)24e-2 Shares Applied
(c)Aggregate Redemption Price of Portfolio Securities
Redeemed
(d)Aggregate Sales Price of Portfolio Securities on
Which Fee will be based ((a) minus
((b) - (c))
Lehman Brothers Daily Income
Fund
SELECT SHARES
(a)$4,591,206,543.11-(b)$0-(c)$3,792,217,038.07-
(d)$798,989,505.04
Lehman Brothers Daily Income
Fund
CDSC SHARES
(a)$0-(b)$0-(c)$0-(d)$0
Lehman Brothers Municipal
Income Fund
SELECT SHARES
(a)$1,214,632,907.91-
(b)$0(c)$954,395,614.09(d)$260,237,293.82
Lehman Brothers Municipal
Income Fund
CDSC SHARES
(a)$9,788.31-(b)$0-(c)$0-(d)$9,788.31
Lehman Brothers Selected
Growth Stock Portfolio
PORTFOLIO SHARES
(a)$26,711,937.05-(b)$0-(c)$57,611.10-(d)$26,654,325.95
TOTAL:
(a)$5,832,561,176.38
(b)$0
(c)$4,746,670,263.26
(d)$1,085,890,913.12
No portion of such aggregate redemption price has been
applied by
Registrant pursuant to Rule 24e-2(a) in a filing made
pursuant to Rule
24(e)(1) of the Investment Company Act of 1940. Pursuant to
Rule 24f-2(c),
the registration fee with respect to the Securities sold is
calculated as
follows: $5,832,561,176.38 - $4,746,670,263.26 =
$1,085,890,913.12 X
.00034483 = $374,447.77.
lehman/retail/filings/24f2exa.doc
September 22, 1994
VIA EDGAR
Lehman Brothers Funds, Inc.
3 World Financial Center
New York, NY 10285
Re: Rule 24f-2 Notice
Gentlemen:
In connection with the filing by Lehman Brothers
Funds, Inc. (the
"Company"), a Maryland corporation, of a Notice (the
"Notice") pursuant to
Rule 24f-2 under the Investment Company Act of 1940, as
amended (the "Act"),
for the Company's fiscal year ended July 31, 1994, you have
requested that the
undersigned provide the necessary legal opinion as required
by said Rule.
In accordance with Rule 24f-2, the Company has
registered an indefinite
number of shares of common stock, par value $.001 per share,
under the
Securities Act of 1933. The purpose of the Notice is to
make definite the
registration of the following shares of each portfolio of
the Company
(collectively the "Shares") sold in reliance upon the Rule
during the fiscal
year ended July 31, 1994.
Lehman Brothers Daily Income Fund-Select Shares
4,591,206,543.11
Lehman Brothers Daily Income Fund-CDSC Shares
0.00
Lehman Brothers Municipal Income Fund-Select Shares
1,214,632,907.91
Lehman Brothers Municipal Income Fund-CDSC Shares
9,788.31
Lehman Selected Growth Stock Portfolio-Portfolio Shares
2,712,257.241
I am the Associate General Counsel of The Shareholder
Services Group,
Inc., one of the Company's Administrators, and in such
capacity, from time to
time and for certain purposes, provides legal counsel to the
Company. I have
examined copies of the Company's Articles of Incorporation,
its By-Laws,
resolutions adopted by its Board of Directors, and such
other records and
documents as I have deemed necessary for purposes of this
opinion.
Furthermore, I have examined a Certificate of the Treasurer
of the Company to
the effect that the Company received cash consideration for
each of the Shares
in accordance with the aforementioned charter documents and
resolutions.
On the basis of the foregoing, and assuming all of the
Shares were sold
in accordance with the terms of the Company's Prospectuses
and Statements of
Additional Information in effect at the time of the sale, I
am of the opinion
that the Shares were legally issued, fully paid and non-
assessable. This
opinion is for the limited purposes expressed above and
should not be deemed
to be an expression of opinion as to compliance with the
Securities Act, the
Act or applicable state "blue sky" or securities laws in
connection with the
sales of the Shares.
We hereby consent to the filing of this opinion with
the Securities and
Exchange Commission as part of the Company's Rule 24f-2
Notice.
Very truly yours,
/s/ Patricia L. Bickimer
Patricia L. Bickimer
Vice President and
Associate General Counsel
lehman\retail\filings\opn24f2.doc
