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, New York 10209
(Address of principal executive offices)
Daily Income Fund-Select Shares
Daily Income Fund-CDSC Shares
Municipal Income Fund-Select Shares
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, 1994 through July 31, 1995
(ii). Number or amount of securities of the same class or series which
had been registered under the Securities Act of 1933, as amended, 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(excludes shares
issued upon reinvestment of dividends):
(1) Daily Income Fund-Select Shares
3,904,923,625 Shares
$3,904,923,625
(2) Daily Income Fund-CDSC Shares
74,550 Shares
$74,550
(3) Municipal Income Fund-Select Shares
1,351,615,104 Shares
$1,351,615,104
(4) Municipal Income Fund-CDSC Shares
0 Shares
$0
(5) Lehman Selected Growth Stock Portfolio-CDSC Shares
1,317,908 Shares
$13,970,294
(v). Number and amount of securities sold during such fiscal year in reliance
upon registration pursuant to Rule 24f-2 (excludes shares issued upon
reinvestment of dividends):
(1) Daily Income Fund-Select Shares
3,904,923,625 Shares
$3,904,923,625
(2) Daily Income Fund-CDSC Shares
74,550 Shares
$74,550
(3) Municipal Income Fund-Select Shares
1,351,615,104 Shares
$1,351,615,104
(4) Municipal Income Fund-CDSC Shares
0 Shares
$0
(5) Lehman Selected Growth Stock Portfolio-CDSC Shares
1,317,908 Shares
$13,970,294
An opinion of counsel with respect to the legality of the above shares
accompanies this Notice.
DATED: September 29, 1995
LEHMAN BROTHERS FUNDS, INC.
By:/S/ Michael Kardok
Michael Kardok
Treasurer
(1) The aggregate sales price for which such securities were sold was
$3,904,923,625 During the fiscal year ended July 31, 1995 the actual
aggregate redemption price of securities of the same class redeemed by the
Registrant was $4,053,366,317. No portion of such redemption price has been
applied by the Registrant pursuant to Rule 24e-2(a) in a filing made pursuant
to Section 24(e)(1) of the Investment Company Act of 1940, as amended.
Pursuant to Rule 24f-2(c), the registration fee with respect to the securities
sold is calculated as follows: $3,904,923,625 - $4,053,366,317 =
($148,442,692) / 2900 = ($51,187).
(2) The aggregate sales price for which such securities were sold was
$74,550. During the fiscal year ended July 31, 1995 the actual aggregate
redemption price of securities of the same class redeemed by the Registrant
was $52,333. No portion of such redemption price has been applied by the
Registrant pursuant to Rule 24e-2(a) in a filing made pursuant to Section
24(e)(1) of the Investment Company Act of 1940, as amended. Pursuant to Rule
24f-2(c), the registration fee with respect to the securities sold is
calculated as follows: $74,550 - $52,333 =
$22,217 / 2900 = $7.66.
(3) The aggregate sales price for which such securities were sold was
$1,351,615,104. During the fiscal year ended July 31, 1995 the actual
aggregate redemption price of securities of the same class redeemed by the
Registrant was $1,327,648,068. No portion of such redemption price has been
applied by the Registrant pursuant to Rule 24e-2(a) in a filing made pursuant
to Section 24(e)(1) of the Investment Company Act of 1940, as amended.
Pursuant to Rule 24f-2(c), the registration fee with respect to the securities
sold is calculated as follows: $1,351,615,104 - $1,327,648,068 = $23,967,036 /
2900 = $8,264.50.
(4) The aggregate sales price for which such securities were sold was
$0. During the fiscal year ended July 31, 1995 the actual aggregate
redemption price of securities of the same class redeemed by the Registrant
was $9,865. No portion of such redemption price has been applied by the
Registrant pursuant to Rule 24e-2(a) in a filing made pursuant to Section
24(e)(1) of the Investment Company Act of 1940, as amended. Pursuant to Rule
24f-2(c), the registration fee with respect to the securities sold is
calculated as follows: $0 - $9,865 = ($9,865) / 2900 = ($3.40).
(5) The aggregate sales price for which such securities were sold was
$13,970,294. During the fiscal year ended July 31, 1995 the actual aggregate
redemption price of securities of the same class redeemed by the Registrant
was $12,263,903. No portion of such redemption price has been applied by the
Registrant pursuant to Rule 24e-2(a) in a filing made pursuant to Section
24(e)(1) of the Investment Company Act of 1940, as amended. Pursuant to Rule
24f-2(c), the registration fee with respect to the securities sold is
calculated as follows: $13,970,294 - $12,263,903 = $1,706,391 / 2900 = $588.41
TOTAL: Pursuant to Rule 24f-2(c), the aggregate registration fee with
respect to the securities sold is calculated as follows: $5,270,583,573 -
$5,393,340,486 = ($122,756,913) / 2900 =($42,329.97). Therefore, no
registration fee is required.
4
lehman/retail/filings/24f295.doc
September 29, 1995
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 "1940
Act"), for the Company's fiscal year ended July 31, 1995, 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 "1933 Act"). 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, 1995.
Daily Income Fund-Select Shares
3,904,923,625 shares
Daily Income Fund-CDSC Shares
74,550 shares
Municipal Income Fund-Select Shares
1,351,615,104 shares
Municipal Income Fund-CDSC Shares
0 shares
Lehman Selected Growth Stock Portfolio
1,317,909 shares
I am the Associate General Counsel of The Shareholder Services Group,
Inc., the Company's administrator, 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 1933 Act, the 1940
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\24f2leg.doc
lehman\retail\filings\24f2leg.doc
