PARKSTONE ADVANTAGE FUND
24F-2NT, 1999-03-30
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                                                  ------------------------------
  U.S. SECURITIES AND EXCHANGE COMMISSION                  OMB APPROVAL
           WASHINGTON, D.C. 20549                 ------------------------------
                                                   OMB Number: 3235-0456
                 FORM 24f-2                        Expires: August 31, 2000
      ANNUAL NOTICE OF SECURITIES SOLD               Estimated average burden
           PURSUANT TO RULE 24f-2                  hours per response.......1
                                                  ------------------------------

            READ INSTRUCTIONS AT END OF FORM BEFORE PREPARING FORM.
                             PLEASE PRINT OR TYPE.


- --------------------------------------------------------------------------------
1.     Name and address of issuer:    THE PARKSTONE ADVANTAGE FUND
                                      3435 STELZER RD.
                                      COLUMBUS, OHIO 43219
- --------------------------------------------------------------------------------
2.     The name of each series or class of securities for which this Form is 
       filed (If the Form is being filed for all series and classes of 
       securities of the issuer, check the box but do not list series or
       classes):                                                   See Exhibit A

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3.     Investment Company Act File Number: 811-7850
                                           --------

       Securities Act File Number: 33-65690
                                   --------
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4(a).  Last day of fiscal year for which this notice is filed: December 31, 1998
                                                               -----------------


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4(b).   Check box if this Form is being filed late (i.e., more than 
        90 calendar days after the end of the issuer's fiscal year). 
        (See Instruction A.2).                                              [ ]


Note: If the Form is being filed late, interest must be paid on the 
registration fee due.
- --------------------------------------------------------------------------------
4(c).  Check box if this is the last time the issuer will be filing this 
       Form.                                                                [ ]

- --------------------------------------------------------------------------------
5.     Calculation of registration fee:

       (i)    Aggregate sale price of securities sold during
              the fiscal year pursuant to section 24(f):        +       $12,764
                                                                   ------------
         
       (ii)   Aggregate price of securities redeemed or   
              repurchased during the fiscal year:                -   $2,315,942
                                                                   ------------

       (iii)  Aggregate price of securities redeemed or 
              repurchased during any prior fiscal year    
              ending no earlier than October 11, 1995
              that were not previously used to reduce 
              registration fees payable to the Commission:                   $0
                                                                 --------------
                                                            
       (iv)   Total available redemption credits (add
              Items 5(ii) and 5(iii):                            -   $2,315,942
                                                                 --------------

        (v)    Net Sales -- if Item 5(i) is greater than 
               Item 5(iv) [subtract Item 5(iv) from Item 5(i)]:               $0
                                                                  --------------
      -----------------------------------------------------------------
       (vi)   Redemption credits available for use in future                 $0
              years - if Item 5(i) is less than Item 5(iv)       --------------
              [subtract Item 5(iv) from Item 5(i)]:
      -----------------------------------------------------------------

       (vii)  Multiplier for determining registration fee 
              (See instruction C.9):                                 x 0.000278
                                                                       --------

       (viii) Registration fee due [multiply item 5(v) by 
              item 5(vii)] enter "0" if no fee is due):              =    $0.00
                                                                       ========
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6.      Prepaid Shares

        If the response to item 5(i) was determined by deducting an amount of
        securities that were registered under the Securities Act of 1933
        pursuant to rule 24e-2 as in effect before [effective date of rescission
        of rule 24e-2], then report the amount of securities (number of shares
        or other units) deducted here: _______. If there is a number of shares
        or other units that were registered pursuant to rule 24e-2 remaining
        unsold at end of the fiscal year for which this form is filed that are
        available for use by the issuer in future fiscal years, then state that
        number here: _______.

- --------------------------------------------------------------------------------
7.      Interest due -- if this Form is being filed more than
        90 days after the end of the issuer's fiscal year (see 
        Instruction D):                                                     $0
                                                                   -----------

- --------------------------------------------------------------------------------
8.      Total of the amount of the registration fee due plus any 
        interest due (Item 5(vii) plus Item 7):                  =       $0.00
                                                                   -----------

- --------------------------------------------------------------------------------
9.      Date the registration fee and any interest payment was sent to the
        Commission's lockbox depository:     N/A
                                          ------------

        Method of Delivery:        

                      [ ] Wire Transfer
                      [ ] Mail or other means

- --------------------------------------------------------------------------------

                                  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/ Gary Tenkman
                          ------------------------------------------------------

                                 Gary Tenkman, Treasurer        
                          ------------------------------------------------------

Date      3/29/99
     ---------------------


 *Please print the name and title of the signing officer below the signature.









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                                   EXHIBIT A

                          THE PARKSTONE ADVANTAGE FUND
                          ----------------------------

                          PRIME OBLIGATIONS
                          MID CAPITALIZATION
                          SMALL CAPITALIZATION
                          BOND
                          INTERNATIONAL DISCOVERY


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