STRONG HIGH YIELD MUNICIPAL BOND FUND INC
24F-2NT, 1999-11-09
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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:
        STRONG HIGH-YIELD MUNICIPAL BOND FUND, INC.
        100 Heritage Reserve
        Menomonee Falls, Wisconsin 53051

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): [ X ]

3.      Investment Company Act File Number:
        811-7930
        Securities Act File Number:
        33-66838

4.      (a)  Last day of fiscal year for which this Form is filed:
        8/31/99

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

        (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):              $533,775,975.83

        (ii) Aggregate  price of securities  redeemed or repurchased  during the
        fiscal year: $518,615,027.96

        (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:
        $0.00

        (iv)  Total available redemption credits [add items 5(ii) and 5(iii)]:
         $518,615,027.96

        (v)    Net sales - if item 5(i) is  greater  than item  5(iv)  [subtract
               item 5(iv) from item 5(i)]: $15,160,947.87

        (vi)  Redemption  credits  available  for use in future years -- if item
              5(i) is less than item 5(iv) [subtract item 5(iv) from item 5(i)]:
              $0.00

        (vii) Multiplier for determining registration fee (see instruction C.9):
               .000278

        (viii) Registration fee due [multiply item 5(v) by item 5(vii)]  (enter
        "0" if no fee is due): $4,214.74

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
        rescisison of rule 24e-2]," then report the amount of securities (number
        of  shares or other  units)  deducted  here:  0. If there is a number of
        shares  or other  units  that were  registered  pursuant  to rule  24e-2
        remaining  unsold at the 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: 0.

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): $0.00

8.      Total of the amount of the  registration  fee due plus any  interest due
        [line 5(viii) plus line 7]: $4,214.74

9.      Date  the  registration  fee and any  interest  payment  was sent to the
        Commission's lockbox depository:
        11/8/99

        Method of delivery:
        [X]  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/ John W. Widmer, Treasurer
        John W. Widmer, Treasurer
        Date:  11/8/99
        * Please print the name and title of the signing officer below the
        signature.


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