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.
________________________________________________________________________
1. Name and address of issuer:
LEXINGTON INTERNATIONAL FUND, INC.
PARK 80 WEST PLAZA TWO
SADDLE BROOK, NJ 07663
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2. Name of each series or class of funds for which this notice is filed:
(Fund consists of a single portfolio)
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3. Investment Company Act File Number: 811-8172
Securities Act File Number: 033-72226
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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:
[ ]
________________________________________________________________________
6. Date of termination of issuer's declaration under rule 24f-2(a)(1),
if applicable (see Instruction A.6):
Not applicable.
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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:
Not applicable.
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8. Number and amount of securities registered during the fiscal year
other than pursuant to rule 24f-2:
Not applicable.
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9. Number and aggregate sale price of securities sold during the
fiscal year:
Number of Shares Sold: 179,998 Sales price: $1,853,463
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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:
Number of Shares Sold: 179,998 Sales price: $1,853,463
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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):
Number of Shares Issued: 39,453 Sales price: $417,018
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12. Calculation of registration fee:
(i) Aggregate sale price of securities
sold during the fiscal year in $ 1,853,463
reliance on rule 24f-2 (from Item 10): ____________________
(ii) Aggregate price of shares issued in
connection with dividend reinvestment + 417,018
plans (from Item 11, if applicable): ____________________
(iii) Aggregate price of shares redeemed or
repurchased during the fiscal year - 2,646,241
(if applicable): ____________________
(iv) Aggregate price of shares redeemed or
repurchased and previously applied as
a reduction to filing fees pursuant + 0
to rule 24e-2 (if applicable): ____________________
(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 (375,760)
(iv)] (if applicable): ____________________
(vi) Multiplier prescribed by Section 6(b)
of the Securities Act of 1933 or other
applicable law or regulation (see x 1/2900
Instruction C.6): ____________________
(vii) Fee due [line (i) or line (v) 0
multiplied by line (vi)]: ____________________
____________________
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.
________________________________________________________________________
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).
[ ]
Date of mailing or wire transfer of filing fees to the Commission's
lockbox depository:
________________________________________________________________________
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* Richard M. Hisey
____________________________________________
RICHARD M. HISEY, VICE PRESIDENT & TREASURER
Date: February 09, 1996
*Please print the name and title of the signing officer below the signature.
Kramer, Levin, Naftalis, Nessen, Kamin & Frankel
919 Third Avenue
New York, NY 10022-3852
(212) 715-9100
Facsimile
(212) 715-8000
Writer's Direct No.
(212) 715-9100
February 20, 1996
Lexington International Fund, Inc.
Park 80 West Plaza Two
Saddle Brook, New Jersey 07662
Re: Lexington International Fund, Inc.
Registration No. 33-72226
Gentlemen:
We have acted as counsel to Lexington International Fund,
Inc., a Maryland corporation (the "Company"), in connection with the
public offering of the Company's shares of Common Stock, par value $.001
per share, and on various other securities and general corporate
matters. We understand that, pursuant to Rule 24f-2 under the
Investment Company Act of 1940, as amended, the Company has registered
an indefinite number of shares of Common Stock under the Securities Act
of 1933, as amended. We further understand that, pursuant to the
provisions of Rule 24f-2, the Company is filing with the Securities and
Exchange Commission the Notice attached hereto making definite the
registration of shares of Common Stock (the "Shares") sold in reliance
upon Rule 24f-2 during the fiscal year ended December 31, 1995.
We have reviewed, insofar as it relates or pertains to the
Company, the Company's Registration Statement on Form N-1A filed with
the Securities and Exchange Commission under the Securities Act of 1933
and the Investment Company Act of 1940, as amended to the date hereof,
pursuant to which Shares were sold (the "Registration Statement"). We
have also examined originals or copies certified or otherwise identified
to our satisfaction of such documents, corporate records and other
instruments we have deemed necessary or appropriate for the purpose of
this opinion. For purposes of such examination, we have assumed the
genuineness of all signatures and original documents and the conformity
to the original documents of all copies submitted.
We are members only of the New York Bar and do not purport
to be experts on the laws of any other state. Our opinion herein as to
Maryland law is based upon a limited inquiry thereof that we have deemed
appropriate under the circumstances.
Based upon the foregoing, we are of the opinion that the
Shares have been duly and validly authorized and, assuming that the
Shares have been issued and sold in accordance with the Company's
Articles of Incorporation, as amended, and Registration Statement, and
that the consideration received therefor was not less than the par value
thereof, the Shares which the Rule 24f-2 Notice attached hereto makes
definite in number were legally issued, fully paid and non-assessable.
We consent to the filing of this opinion with the Rule 24f-2
Notice attached hereto.
Very truly yours,
Kramer, Levin, Naftalis, Nessen, Kamin & Frankel
