Form 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
1. Name and address of issuer: AMT Capital Fund, Inc.
600 Fifth Avenue, 26th Floor
New York, NY 10020
2. Name of each series or class of funds for which this notice is filed:
HLM International Equity Portfolio
U.S. Selected Growth Portfolio
3. Investment Company Act File Number: 811-7928
Securities Act File Number: 33-66840
4. Last day of fiscal year for which this notice is filed: 10/31/96
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:
6. Date of termination of issuer's declaration under rule 24f-2(a)(1), if
applicable (see Instruction A.6):
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
8. Number and amount of securities registered during the fiscal year other than
pursuant to rule 24f-2: $0
9. Number and aggregate sale price of securities sold during the fiscal year:
HLM International Equity Portfolio 14,950,392 $174,317,309
U.S. Selected Growth Portfolio 207,878 $ 2,279,806
10. Number and aggregate sale price of securities sold during the fiscal year
in reliance upon registration pursuant to rule 24f-2:
HLM International Equity Portfolio 14,950,392 $174,317,309
U.S. Selected Growth Portfolio 207,878 $ 2,279,806
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):
HLM International Equity Portfolio 301,337 $3,510,073
U.S. Selected Growth Portfolio 182,058 $2,213,827
12. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the fiscal year in
reliance on rule 24f-2 (from Item 10): $176,597,115
(ii) Aggregate price of shares issued in connection with dividend
reinvestment plans (from Item 11, if applicable): $ 5,723,900
(iii) Aggregate price of shares redeemed or repurchased during fiscal year
(if applicable): $ 59,239,864
(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): $123,081,151
(vi) Multiplier prescribed by Section 6(b) of the Securities Act of 1933
or other applicable law or regulation (see Instruction C.6): 1/3300
(vii) Fee due [line (i) or line (v) multiplied by line (vi)]: $37,297.32
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/
Date of mailing or wire transfer of filing fees to the Commission's lockbox
depository: 12/26/96
SIGNATURES
This report has been signed below by the following persons on behalf of the
issuer and in the capacities and on the dated indicated.
By: /s/William E. Vastardis
William E. Vastardis
Secretary and Treasurer
Date: December 27, 1996
DECHERT PRICE & RHOADS
477 Madison Avenue
New York, New York 10022
December 24, 1996
AMT Capital Fund, Inc.
600 Fifth Avenue
New York, New York 10020
Dear Sirs:
As counsel for AMT Capital Fund, Inc. (the "Fund") during the fiscal year
ended October 31, 1996, we familiar with the Fund's registration under the
Investment Company Act of 1940 and with the registration statement relating to
its Shares of Common Stock (the `Shares") under the Securities Act of 1933
(File No. 33-66840) (the "Registration Statement"). We have also examined
such other corporate records, agreements, document and instruments as we
deemed appropriate.
Based upon the foregoing, it is our opinion that the Shares sold at the public
offering price and delivered by the Fund against receipt of the net asset
value of the Shares in compliance with the terms of the Registration Statement
and the requirements of applicable law during the Fund's fiscal year ended
October 31, 1996, were, when sold, duly and validly authorized, legally and
validly issued, and fully paid and non-assessable.
We consent to the filing of this opinion in connection with the Notice pursuant
to Rule 24f-2 under the Investment Company Act of 1940 for the fiscal year ended
October 31, 1996 to be filed on behalf of the Fund with the Securities and
Exchange Commission.
Very truly yours,
/s/ DECHERT PRICE & RHOADS
