June 27, 1996
US Securities and Exchange Commission
Office of Filings
RE: Interactive Investments 24f-2 filing
To whom it may concern:
Enclosed please find the following items in connection with the filing of
our
form 24f-2:
1. Executed Form 24f-2;
2. Opinion of counsel;
3. The fee of $702.23 payable to the United States Securities and Exchange
Commission.
Kindly date-stamp and return to the undersigned in the enclosed, self-
addressed
stamped envelope the duplicate copy of this letter enclosed herewith.
Please direct comments to the filing to me at the above address and
telephone
number. Thank You.
Sincerely,
/s/ Kevin M. Landis
Kevin M. Landis
President
<PAGE>
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
1. Name and address of issuer:
Interactive Investments
446 Martil Way
Milpitas, CA 95035
(408) 956-0567
2. Name of each series or class of funds for which this notice is filed:
Technology Value Fund
3. Investment Company Act File Number:
33-73832
4. Last day of fiscal year for which this notice is filed:
12/31/95
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:
N. A.
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 remain unsold at the
beginning of the fiscal year:
none
8. Number and amount of securities registered during the fiscal year
other than pursuant to rule 24f-2:
none
9. Number and aggregate sale price of securities sold during the fiscal
year:
Shares sold: 131,106.690
Aggregate sale price: $2,036,471.15
10. Number and aggregate sale price of securities sold during the fiscal
year in reliance upon registration pursuant to rule 24f-2:
none
11. Number and aggregate sale price of securities issued during the fiscal
year in connection with dividend reinvestment plans, if applicable:
none
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):
$2,036,471.15
(ii) Aggregate price of shares issued in connection with
dividend reinvestment plans (from item 11, if applicable):
$___________
(iii) Aggregate price of shares redeemed or repurchased during the
fiscal year (if applicable):
$___________
(iv) Aggregate price of shares redeemed or repurchased and
previously applied as a reduction to filing fees pursuant 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)
minus line (iii) plus line (iv)] (if applicable):
$2,036,471.15
(vi) Multiplier prescribed by Section 6(b) of the Securities Act of
1933 or other applicable law or regulation:
1 / 2900
(vii) Fee due [line (i) or line (v) multiplied by line (vi)]:
$702.23
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 an on the dates indicated.
INTERACTIVE INVESTMENTS
By: /s/ Kevin M. Landis
Kevin M. Landis
Title: President
Dated: June 27, 1996.
<PAGE>
Mirkin & Woolf, P.A.
Attorneys at Law
Flagler Federal Tower, Suite 580
1700 Palm Beach Lakes Blvd.
West Palm Beach, Florida 33401
phone 561.687.4460
fax 561.687.3447
June 25, 1996
Interactive Investments
446 Martil Way
Milpitas, CA 95035
Gentlemen:
You have informed us that, in accordance with Rule 24f-2 of the Investment
Company Act of 1940, as amended, (the "1940 Act"), Interactive Investments,
a Delaware business trust (the "Trust") intends to file a Rule 24f-2 Notice
with the United States Securities and Exchange Commission (the "S.E.C.").
The Rule 24f-2 Notice will set forth, among other things, that during the
Fund's fiscal year ended December 31, 1995, the Fund elected to register an
indefinite number of shares of beneficial interest, sold 131,106.69 shares
of
beneficial interests under Rule 24f-2 and made definite the number of
shares
of beneficial interest registered under the Securities Act of 1933, as
amended
(the "1933 Act") for the fiscal year.
You have also informed us that all such shares were issued in accordance
with
the provisions related thereto in the registration statement, as amended,
filed by the Fund under the 1933 Act and the 1940 Act.
We have acted as legal counsel to the Fund during the period of time
referred
to above and, as such, have reviewed the Certificate of Trust, as amended,
and the Declaration of Trust of the Fund, its registration statement and
amendments thereto as filed with the S.E.C. under the 1940 Act and the 1933
Act, and other documents as we deem material to our opinion.
Based on the foregoing, we are of the opinion that the shares of beneficial
interest of the Fund, sold pursuant to Rule 24f-2 during the fiscal year
ending December 31, 1995, were fully-paid, non-assessable and legally
issued
shares of beneficial interest of the Trust.
We hereby consent to the filing of this opinion with the United States
Securities and Exchange Commission as an exhibit or accompaniment to the
aforementioned Rule 24f-2 Notice.
Very truly yours,
Mirkin & Woolf, P.A.
/s/ Mirkin & Woolf, P.A.
