Form 24f-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
1. Name and address of issuer: Saratoga Capital Management 1501 Franklin Avenue
Mineola, NY 11501-4803
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 or classes: |X|
3. Investment Company Act File Number:811-08542 Securities Act File Number:
33-79708
4. (a) Last day of fiscal year for which this notice is filed: August
31, 1998 (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 (c) | | Check box if this is the last time the issuer will be filing
this Form.
5. Calculation of registration fee: (i) Aggregate sales price of
securities sold during the fiscal year pursuant to section 24(f): $178,587,344
(ii) Aggregate price of securities redeemed or repurchased during the fiscal
year: $99,489,136 (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: $ 0
(iv) Total available redemption credits (add items 5(ii) and 5(iii): $99,489,136
(v) Net sales - if item 5(i) is greater than 5 (iv), subtract item 5(iv) from
item 5(i): $79,098,208 (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): $ 0
(vii) Multiplier for determining registration fee (See instruction C.9): times
.000295 (viii) Registration fee due [(multiply item 5(v) by item 5(vii)] (Enter
"0" if no fee is due): $23,333.97
6. Prepaid Shares If the response to item 5(I)
was determined by deducting the 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: -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 years, then state the 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
8. Total of the amount of the registration
fee due plus interest due [line 5(vii) plus line 7]: $23,333.97
9. Date the registration fee and any interest payment was sent to the
Commission's lock boxdepository: November 9, 1998 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 dates
indicated:
By: (Signature and Title) /s/ Carol J. Highsmith Carol J. Highsmith,
Asst. Secretary Date: November 10, 1998
