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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
Read instructions at end of Form before preparing Form.
Please print or type.
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1. Name and address of issuer:
Columbia High Yield Fund, Inc.
1301 SW Fifth
Portland, OR 97201
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2. Name of each series or class of funds for which this notice is
filed:
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3. Investment Company Act File Number:
811-7834
Securities Act File Number: 33-65478
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4. Last day of fiscal year for which this notice is filed:
December 31, 1995
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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: [ ]
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6. Date of termination of issuer's declaration under rule
24f-2(a)(1), if applicable (see instruction A.6):
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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:
0
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8. Number and amount of securities registered during the fiscal year
other than pursuant to rule 24f-2:
0
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9. Number and aggregate sale price of securities sold during the
fiscal year.
1,176,046 shares
$11,217,136
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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:
1,176,046 shares
$11,217,136
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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):
146,858 shares
$1,406,479
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12. Calculation of registration fees:
(i) Aggregate sale price of securities sold during the fiscal
year in reliance on rule 24f-2 (from Item 10):
$ 11,217,136
(ii) Aggregate price of shares issued in connection with dividend
reinvestment plans (from Item 11, if applicable):
+ $ 1,406,479
(iii) Aggregate price of shares redeemed or repurchased during
the fiscal year (if applicable):
- $ 3,499,959
(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):
$ 9,123,656
x 1/29 of 1%
(vi) Multiplier prescribed by Section 6(b) of the Securities Act
of 1933 or other applicable law or regulation (see
Instruction C.6):
(vii) Fee due [line (i) or line (v) multiplied by line (vi)]:
$3,146.09
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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.
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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 (17 CFR 202.3a):
[x]
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Date of mailing or wire transfer of filing fees to the
Commission's lockbox depository:
February 22, 1996
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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)*
GEORGE L. HANSETH
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George L. Hanseth, Vice President
Date February 23, 1996
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*Please print the name and title of the signing officer below the signature.
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STOEL RIVES LLP
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ATTORNEYS
Standard Insurance Center
900 SW Fifth Avenue, Suite 2300
Portland, Oregon 97204-1268
Telephone (503) 224-3380
Fax (503) 220-2480
TDD (503) 221-1045
February 23, 1996
Columbia High Yield Fund, Inc.
1301 SW Fifth Avenue
PO Box 1350
Portland, OR 97207
Re: Rule 24f-2 Notice
At your request we have reviewed the Form 24f-2 Notice - Annual Notice
of Securities Sold Pursuant to Rule 24f-2 to be filed with the Securities
and Exchange Commission (the "Rule 24f-2 Notice") by Columbia High Yield
Fund, Inc. (the "Fund").
We have reviewed copies of the Articles of Incorporation and Bylaws of
the Fund, the resolutions adopted by the Fund's Board of Directors
authorizing the issuance of shares of the Fund's common stock (the
"Shares"), and the audited financial statements of the Fund showing the
issuance and redemption of shares of Common Stock in fiscal 1995.
Based upon our review of the documents referred to above and
consideration of other matters we deemed necessary, it is our opinion that
the Shares issued in fiscal 1995 in reliance on the Registration Statement
of the Fund under the Securities Act of 1933, Registration No. 33-65478, as
reflected in the Rule 24f-2 Notice, were legally issued and are fully paid
and nonassessable.
Very truly yours,
STOEL RIVES LLP
STOEL RIVES LLP