PRINCIPAL AGGRESSIVE GROWTH FUND INC /IA/
24F-2NT, 1998-02-27
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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:
              Principal Aggressive Growth Fund, Inc.
              The Principal Financial Group
              Des Moines, IA  50392-0200

        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 issues,  check the box but do not list series or
              classes):
              -------------------
                      X
              -------------------

        3     Investment Company Act File Number:    811-08176
              Securities Act File Number:             33-72444

        4 a    Last day of fiscal year for which this  notice if filed: 
              December 31, 1997

        4 b   Check this box if this Form is being filed late  (i.e.,  more than
              90 calendar days after the end of the issuer's fiscal year).  
              (See Instruction A.2)
              -------------------
                     N/A
              -------------------
              Note:  If the Form is being filed late,  interest  must be paid on
              the registration fee due.

        4 c   Check box if this is the last time the issuer  will be filing this
              Form.
              -------------------
                     N/A
              -------------------

        5     Calculation of registration fee:

              (i)        Aggregate  sale  price of  securities  
                         sold during the fiscal year in reliance 
                         on rule 24f-2:                                       $0

              (ii)       Aggregate price of shares redeemed 
                         or repurchased during the fiscal year:     0

              (iii)      Aggregate  price  of  shares  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

              (iv)       Total available redemption credits 
                         [Add items 5(ii) and 5(iii)]:                         0


              (v)        Net Sales - If Item 5(i) is greater  
                         than Item  5(iv) [subtract Item 5(iv) 
                         from Item 5(i)]:                                      0

          ----------------------------------------------------------------------

              (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)]"                                N/A

          ----------------------------------------------------------------------

              (vii)      Multiplier for determining registration
                         fee (See Instruction c.9):                     0.000295

              (viii)     Registration fee due [Multiply Item
                         5(v)  by  Item 5(vii)](enter "0" if no 
                         fee is due):                                       0.00
                                                                        ========

        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
              rescisision  of rule 24e-2],  then report the amount of securities
              (number of shares or other units) deducted here: ____________.  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 the number  here:
              ____________.

        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
                                                                        --------

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

                                                                            0.00
                                                                        ========

        9     Date the registration fee and any interest payment was sent to the
              Commission's lockbox depository:

              -------------------
                     N/A
              -------------------

              Method of Delivery:

              -------------------
                     N/A         Wire Transfer
              -------------------
              -------------------
                     N/A         Mail or other means
              -------------------

                                    Signature

              This  report has been  signed  below by the  following  persons on
              behalf  of  the  issuer  and in the  capacities  and on the  dates
              indicated:



Principal Aggressive Growth Fund, Inc.



By      /s/ A. S. Filean
        --------------------------------------------
        A.S. Filean, Vice President
        and Secretary


Date:     27th day of February, 1998


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