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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
ANNUAL NOTICE OF SECURITIES SOLD
PURSUANT TO RULE 24F-2
1. Name and address of issuer:
THE PARKSTONE ADVANTAGE FUND
3435 STELZER RD.
COLUMBUS, OHIO 43219
2. Name of each series or class of funds for which this notice is filed:
See Attached Schedlue A
3. Investment Company Act File Number: 811-7850
Securities Act File Number: 33-65690
4. Last day of the fiscal year for which this notice is filed:
DECEMBER 31, 1996
5. Check box if this notice is being filed more than 180 days after the close of
the issuer's fiscal year for purpose 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:
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:
NONE
8. Number and amount of securities registered during the fiscal year other than
pursuant to rule 24F-2:
NONE
9. Number and aggregate sale price of securities sold during the fiscal year:
Price $30,409,371
Shares 7,254,883
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10. Number and aggregate sale price of securities sold during the fiscal year in
reliance upon registration pursuant to rule 24f-2:
Price $30,409,371
Shares 7,254,883
11. Number and aggregate sale price of securities issued during the fiscal year
in connection with dividend reinvestment plans, if applicable:
Price $3,070,829
Shares 363,487
12. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the fiscal
year in reliance on rule 24F-2: $ 30,409,371
------------
(ii) Aggregate price of shares issued in connection with
dividend reinvestment plans: $ 3,070,829
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(iii) Aggregate price of shares redeemed or repurchased
during the fiscal year: $ 10,781,322
------------
(iv) Aggregate price of shares redeemed or repurchased
and previously applied as a reduction to filing fees
pursuant to rule 24F-2: 0
------------
(v) Net aggregate price of securities sold and issued during
the fiscal year in reliance on rule 24F-2: $ 22,698,878
------------
(vi) Multiplier prescribed by Section 6(b) to the Securities
Act of 1933 or other applicable law or registration: 1/3300
------------
(vii) Fee Due: $6,878.45
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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
[ X ]
Date of mailing or wire transfer of filing fees to the Commission's lockbox
depository:
02/26/97
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/ SCOTT ENGLEHART
--------------------------------
Scott Englehart, Vice President
--------------------------------
Date 2/26/97
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* Please print the name and title of the signing officer below the signature.
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PARKSTONE ADVANTAGE FUND-SCHEDULE A
- -----------------------------------
PRIME OBLIGATIONS FUND
BOND FUND
EQUITY FUND
SMALL CAPITALIZATION FUND
INTERNATIONAL DISCOVERY FUND
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HOWARD & HOWARD ATTORNEYS, P.C.
The Pinehurst Office Center, Suite 101
1400 North Woodward Avenue
Bloomfield Hills, Michigan 48304-2856
Telephone: (810) 645-1483
Facsimile: (810) 645-1568
February 24, 1997
The Parkstone Advantage Fund
Suite 1000
3435 Stelzer Road
Columbus, Ohio 43219-8000
Attention: Dana A. Gentile
Vice President
RE: Rule 24f-2 Notice Dated February 26, 1997
Dear Ms. Gentile:
We serve as counsel to The Parkstone Advantage Fund (the "Trust"), a
Massachusetts business trust. This letter is furnished at your request in
connection with the filing by the Trust of a Notice dated February 26, 1997 (the
"Notice"), pursuant to Rule 24f-2 promulgated by the Securities and Exchange
Commission under the Investment Company Act of 1940, as amended, and the
registration by the Trust of an indefinite number of units of beneficial
interest under the Securities Act of 1933, as amended. In the Notice, the Trust
reported the net sale during the fiscal year ended December 31, 1996, of an
aggregate of $22,698,878.00 in units of beneficial interest (the "Shares") of
the Trust.
We have examined the Notice and originals or copies, certified or otherwise
identified to our satisfaction, of such other records, certificates and other
documents as we considered necessary or appropriate for purposes of the opinion
hereinafter expressed. As to matters of fact relative to such opinion, we have
relied upon the accuracy of the Notice and the statements made therein.
The Shares which are currently being registered pursuant to the Notice
referred to above may be legally and validly issued from time to time in
accordance with the Declaration of Trust of The Parkstone Advantage Fund upon
receipt of consideration sufficient to comply with the Declaration of Trust and
subject to compliance with the Securities Act of 1933, as amended, the
Investment Company Act of 1940, as amended, and applicable state laws regulating
the sale of securities. Such Shares, when so issued, will be fully paid and
non-assessable by the Trust.
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The Parkstone Advantage Fund
February 24, 1997
Page 2
We hereby consent to the filing of this opinion with the Notice. This
opinion is rendered pursuant to the requirements of Rule 24f-2, and it may be
relied upon only by you and the Securities and Exchange Commission, and may not
be used, quoted, or referred to or filed with any other person without our prior
written permission.
Very truly yours,
HOWARD & HOWARD ATTORNEYS, P.C.
/s/ ROBERT C. ROSSELOT
Robert C. Rosselot
RCR/lat
Enclosures
cc: Mr. George L. Landreth
Mr. Jeffrey N. Marshall
David E. Riggs, Esquire
Melanie Mayo, West, Esquire
