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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24f-2
Annual Notice of Securities Sold
Read instructions at end of Form before preparing Form.
Please print or type.
1. Name and address of issuer:
Flag Investors Real Estate Securities Fund, Inc.
One South Street
Baltimore, Maryland 21202
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 issuer, check the box but do not list series or
classes): [ X ]
3. Investment Company Act File Number: 811-8500
Securities Act File Number: 33-78648
4(a). Last day of fiscal year for which this Form is filed: December 31, 1999
4(b). [ ] 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 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.
5. Calculation of registration fee:
(i) Aggregate sale price of securities sold
during the fiscal year pursuant to
section 24(f):
$ 5,223,202
(ii) Aggregate price of securities redeemed or
repurchased during the fiscal year:
$ 18,159,727
(iii) 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: $ -
(iv) Total available redemption credits [add Items
5(ii) and 5(iii)]: $ 18,159,727
(v) Net sales -- if Item 5(i) is greater than
Item 5(iv) [subtract Item 5(iv) from Item
5(i): $ -
(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)]: $ (12,936,525)
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(vii) Multiplier for determining registration
fee (See Instruction C.9): x 0.000264
(viii) Registration fee due [multiply Item 5(v) by
Item 5(vii)] (enter "0" if no fee is due): $ -
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 rescission of Rule 24e-2], then
report the amount of securities (number of shares or other
units) deducted 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]: = $ -
9. Date the registration fee and any interest payment
was sent to the Commission's lockbox depository:
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Method of delivery: [ ] Wire Transfer [ ] Mail or other means
SIGNATURES
This Form has been signed below by the following persons on behalf of the issuer
and in the capacities and on the dates indicated.
By (Signature and Title)* /s/ Amy M. Olmert
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Amy M. Olmert, Secretary
Date: March 27, 2000
* Please print the name and title of the signing officer below the signature.
