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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
READ INSTRUCTIONS AT END OF FORM BEFORE PREPARING FORM.
PLEASE PRINT OR TYPE.
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1. Name and address of issuer:
Norwest Select Funds
Two Portland Square
Portland, ME 04101
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2. Name of each series or class of funds for which this notice is filed:
Intermediate Bond Fund
ValuGrowth Stock Fund
Small Company Stock Fund
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3. Investment Company Act File Number: 811-8202
Securities Act File Number: 33-74176
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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:
[ ]
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6. Date of termination of issuer's declaration under Rule 24f-2(a)(1), if
applicable (see Instruction A.6):
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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:
Zero (0)
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8. Number and amount of securities registered during the fiscal year other
than pursuant to Rule 24f-2:
Zero (0)
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9. Number and aggregate sale price of securities sold during fiscal year*:
Shares Dollars
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Intermediate Bond Fund 258,247 $2,777,859
ValuGrowth Stock Fund 278,963 3,122,097
Small Company Stock Fund 181,172 1,921,609
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TOTAL 718,382 $7,821,565
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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:
Zero (0)
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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):
Zero (0)
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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): $ 0*
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(ii) Aggregate price of shares issued in connection
with dividend reinvestment plans (from Item 11, if
applicable): + N/A
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(iii) Aggregate price of shares redeemed or
repurchased during the fiscal year (if applicable): - N/A
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(iv) Aggregate price of shares redeemed or
repurchased and previously applied as a reduction to
filing fees pursuant to Rule 24e-2 (if applicable): + N/A
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(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): 0
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(vi) Multiplier prescribed by Section 6(b) of the
Securities Act of 1933 or other applicable law or
regulation (see Instruction C.6): x 1/2900
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(vii) Fee due [line (i) or line (v) multiplied by
line (vi)]: $ 0*
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*DURING THE FISCAL PERIOD COVERED HEREBY, THE
REGISTRANT OFFERED ITS SHARES SOLELY TO UNMANAGED
SEPARATE ACCOUNTS OF A SINGLE INSURANCE COMPANY. A
REGISTRATION FEE HAS BEEN OR WILL BE PAID ON
THE SECURITIES ISSUED BY THE SEPARATE ACCOUNTS
WHICH ARE ALREADY REGISTERED UNDER THE
SECURITIES ACT OF 1933. ACCORDINGLY, NO REGISTRATION
FEE IS DUE IN CONNECTION WITH THIS FILING.
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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.
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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:
N/A
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SIGNATURES
This report has been signed by the following persons on behalf of the
issuer and in the capacities and on the dates indicated.
By (Signature and Title)* /s/ Christopher J. Kelley, Assistant Secretary
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Date February 21, 1996
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* Please print the name and title of the signing officer below the signature.
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Securities and Exchange Commission
Washington, D.C. 20549
RULE 24f-2 NOTICE
NORWEST SELECT FUNDS
Two Portland Square
Portland, ME 04101
SIGNATURE
Pursuant to the requirements of Rule 24f-2 under the Investment Company Act
of 1940, Norwest Select Funds has duly caused this Rule 24f-2 Notice to be
signed on its behalf by the undersigned, thereunto duly authorized, in the City
of Portland, and State of Maine, on this 16th day of February, 1996.
Norwest Select Funds
By: /s/ John Y. Keffer
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John Y. Keffer
President
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LAW OFFICE OF
DECHERT PRICE & RHOADS
477 MADISON AVENUE
NEW YORK, NY 10022-5891
TELEPHONE: (212) 326-3500
FAX: (212) 308-2041
February 27, 1996
Norwest Select Funds
Two Portland Square
Portland, Maine 04101
Dear Sirs:
As counsel for Norwest Select Funds (the "Fund") during the fiscal year
ended December 31, 1995, we are familiar with the Fund's registration under the
Investment Company Act of 1940 and with the registration statement relating to
its Shares of Beneficial Interest (the "Shares") under the Securities Act of
1933 (File No. 33-74176) (the "Registration Statement"). We have also examined
such other corporate records, agreements, documents 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
had the requirements of applicable law during the Fund's fiscal year ended
December 31, 1995, were, when sold, duly and validly authorized, legally and
validly issued, and fully paid and nonassessable.
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 December 31, 1995 to be filed on behalf of the Fund with the
Securities and Exchange Commission.
Very truly yours,
/s/ Dechert Price & Rhoads
