May 24, 1995
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Re: Rule 24f-2 Notice for Nicholas Equity Income Fund, Inc.
File No. 33-69804
Gentlemen:
Pursuant to Section 24 of the Investment Company Act of 1940,
as amended, and Rule 24f-2 ("24f-2") promulgated thereunder, this
letter constitutes the "Rule 24f-2 Notice" of Nicholas Equity Income
Fund, Inc. ("Fund"), relating to the sale of common stock of the
Fund, $0.0001 par value per share ("Shares"), during the fiscal year
ended March 31, 1995:
Number of shares registered under the Securities
Act of 1933, as amended, other than pursuant
to Rule 24f-2, which remained unsold at the
beginning of the fiscal year: -0-
Number of Shares registered during the fiscal
year other than pursuant to Rule 24f-2: -0-
Number of Shares sold during the fiscal year
other than pursuant to Rule 24f-2: -0-
Number of Shares sold during the fiscal year
in reliance upon Rule 24f-2: 697,797
Enclosed herewith is the opinion of counsel required under
paragraph (b) of Rule 24f-2. A wire transfer in the amount of
$1,880.71 has been made to Mellon Bank in Pittsburgh, Pennsylvania
to cover fees required under paragraph (c) of Rule 24f-2; such fees
have been determined as follows:
Aggregate sales price of 697,797 Shares sold
during fiscal year: $ 6,522,780
Less: Aggregate sales price of 159,402 Shares
redeemed during fiscal year: (1,068,273)
_________
$ 5,454,507
Fee calculation:
0.0003448 x $5,454,507 = $1,880.71
Very truly yours,
NICHOLAS EQUITY INCOME FUND, INC.
By /s/ Thomas J. Saeger
Thomas J. Saeger, Executive
Vice President & Secretary
May 24, 1995
VIA EDGAR TRANSMISSION
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
VIA FEDERAL EXPRESS
OFICS Filer Support
SEC Operations Center
6432 General Green Way
Alexandria, VA 22312-2413
Re: Rule 24f-2 Notice for
Nicholas Equity Income Fund, Inc.
File No. 33-69804
Ladies/Gentlemen:
On behalf of Nicholas Equity Income Fund, Inc. ("Fund"), and
pursuant to Section 24 of the Investment Company Act of 1940, as
amended, and Rule 24f-2 promulgated thereunder, including
Regulation S-T relating to electronic filings, enclosed for filing
are the Rule 24f-2 Notice and accompanying opinion of counsel for
the Fund's fiscal year ended March 31, 1995. A wire transfer in
the amount of $1,880.71 in payment of the filing fee (calculated
pursuant to Rule 24f-2(c)) has been made to the Mellon Bank in
Pittsburgh, Pennsylvania in accordance with Rule 3a of the SEC's
rules relating to informal and other procedures. In addition, as
prescribed by Rule 902(g) of Regulation S-T, a paper copy of the
Rule 24f-2 Notice and accompanying opinion of counsel are being
filed by copy of this letter.
Please acknowledge receipt of the enclosed paper filing upon
the attached copy of this letter and return the same to us in the
envelope provided. Should you have any questions or require
further information concerning the enclosed, please telephone the
undersigned (collect) at (414) 271-6560. Thank you for your
attention to this matter.
Very truly yours,
MICHAEL BEST & FRIEDRICH
Kate M. Fleming
KMF/ljg
Enclosure
