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:
KPM Funds, Inc.
2. Name of each series or class of the funds for which this notice is
filed:
KPM Equity Portfolio
KPM Fixed Income Portfolio
3. Investment Company Act File Number:
811-8488
Securities Act File Number:
33-78234
4. Last day of fiscal year for which this notice is filed:
June 30, 1996
5. Check box if this notice is being filed more than 180 days after the
closed 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)(l):
Not applicable
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 year, but which remained 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:
$16,365,783
10. Number and aggregate sale price of securities sold during the fiscal
year in reliance upon registration pursuant to rule 24f-2:
$16,365,783
<PAGE>
11. Number and aggregate sale price of securities issued during the fiscal
year in connection with dividend and reinvestment plans, if applicable:
$930,244
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):
$16,365,783
(ii) Aggregate price of shares issued in connection with dividend
reinvestment plans (from item 11):
$930,244
(iii) Aggregate price of shares redeemed or repurchased during the
fiscal year:
$3,661,232
(iv) Aggregate price of shares redeemed or repurchased and
previously applied as a reduction to filing fees pursuant to
rule 24e-2:
none
(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):
$13,634,795
(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)]:
$4,702
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 (17CFR 202.3a.
[x]
Date of mailing or wire transfer of filing fees to the Commission's
lockbox depository:
August 23, 1996
SIGNATURES
This report has been signed below by the following persons on behalf of the
issuer and in the capacities and of the dates indicated.
By-/s/ Randall D. Greer, CFA-----------
Title-Chairman-------------------------
Date--August 23, 1996------------------
CLINE, WILLIAMS, WRIGHT, JOHNSON & OLDFATHER
LAW FIRM
1900 FIRSTIER BANK BUILDING
LINCOLN, NE 68508-2095
402-474-6900
August 23, 1996
KPM Funds, Inc.
10250 Regency Circle
Suite 200
Omaha, NE 68114
RE: REGISTRATION OF SECURITIES PURSUANT TO RULE 24F-2
1933 Act Reg. No. 33-78234
Ladies and Gentlemen:
Our opinion has been requested in connection with the registration of
shares of KPM Funds, Inc. (the "Fund"), pursuant to Rule 24f-2. We have
conducted such legal and factual inquiries as we have deemed necessary under the
circumstances. Based upon such inquires, all shares sold by the Fund during the
fiscal year ended June 30, 1996 were legally issued, fully paid and
nonassessable.
We consent to the filing of this opinion in connection with the Notice to
be filed with the Securities and Exchange Commission pursuant to Rule 24f-2.
Very truly yours,
JOHN C. MILES
For the Firm
