Form 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
1. Name and address of issuer: TIFF Investment Program, Inc.
2405 Ivy Road
Charlotesville, VA 22903
2. Name of each series or class of funds for which this notice 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 of classes):
3. Investment Company Act File Number: 811-8234
4. Securities Act File Number: 33-73408
4a. Last day of fiscal year for which this notice is filed: 12/31/98
4b. Check 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)
Note: If the firm is being filed late, interest must be paid on the
registration fee due.
4c. 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): $348,144,597
(ii) Aggregate price of securities redeemed or repurchased during the (iii)
fiscal year:$268,892,242 (iv) 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
(v) Total available redemption credits (add Items 5(ii) and 5(iii): $0
(vi) Net Sales- if Item 5(i) is greater than Item 5(iv) [subtract Item 5(iv)
from Item 5(i): $79,252,355
(vii) Redemption credits available for use in future years- if Item 5(i) is
less than 5(iv) [subtract Item 5(iv) from Item 5(i):
$0
(viii) Multiplier for determining registration fees (See Instruction C.9):
0.000278
(ix) Registration fee due [multiply Item 5(v) by Item 5(vii)] (enter "0"
if no fee is due): $22,032.15
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 October 11, 1997, 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, the 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
(i) Total of the amount of the registration fee due plus any interest due
(line 5(viii) plus line 7]: $22,032.15
8.
9. Date the registration fee and any interest payment was sent to the
Commission's lockbox depository: March 17, 1999
10. 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 dated indicated.
Date: March 17, 1999
By /s/ William E. Vastardis
William E. Vastardis
Secretary
TIFF INVESTMENT PROGRAM, INC.
Certificate of Treasurer
I, William E. Vastardis, do hereby certify that I am the Treasurer of
TIFF Investment Program, Inc. a Maryland corporation (the "Company"), and, in
connection with the filing on behalf of the Company of a Rule 24f-2 Notice, as
such term is defined in the Investment Company Act of 1940, as amended, I do
hereby further certify that the Company sold the following total of shares which
include shares sold through dividend reinvestment: the Company sold a total of
6,389,737 shares of its TIFF U.S. Equity Fund, 4,643,229 shares of its TIFF
International Equity Fund, 1,313,135 shares of its TIFF Emerging Markets Fund,
5,824,475 shares of its TIFF Bond Fund, 9,046,294 shares of its TIFF Short-Term
Fund, and 2,543,621 of its Multi-Asset Fund, each having a par value of $.001
per share (collectively, the "Shares"), during the fiscal year ended December
31, 1998, for which the Company received payment in full of cash consideration
in excess of par value prior to the issuance of the Shares in accordance with
the resolutions authorizing their sale, and I do hereby further certify that the
Company had a total of 20,013,187 shares of its TIFF U.S. Equity Fund,
23,280,346 shares of its TIFF International Equity Fund, 11,216,434 shares of
its TIFF Emerging Markets Fund, 19,210,571 shares of its TIFF Bond Fund,
7,513,632 shares of its TIFF Short-Term Fund, and 25,566,716 shares of its TIFF
Multi-Asset Fund outstanding on December 31, 1998. I also certify that at no
time during the fiscal year ended December 31, 1998 did the Company have in
excess of 500,000,000 shares of its TIFF U.S. Equity Fund Stock issued and
outstanding, nor did it have in excess of 500,000,000 shares of its TIFF
International Equity Fund Stock issued and outstanding, nor did it have in
excess of 500,000,000 shares of its TIFF Emerging Markets Fund Stock issued and
outstanding, nor did it have in excess of 500,000,000 shares of its TIFF Bond
Fund, nor did it have in excess of 500,000,000 shares of its Short-Term Fund,
and nor did it have in excess of 500,000,000 shares of its TIFF Multi-Asset
Fund.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of
the Company this 16 day of March, 1999.
/s/William E. Vastardis
----------------------------
William E. Vastardis
Treasurer
