BRAMWELL FUNDS INC
24F-2NT, 1996-08-29
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                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 24F-2
                        Annual Notice of Securities Sold
                             Pursuant to Rule 24f-2

Read instructions at end of Form before preparing Form. Please print or type.
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1.   Name and address of issuer:
          THE BRAMWELL FUNDS, INC. - The Bramwell Growth Fund
          745 Fifth Avenue
          New York, NY  10151
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2.   Name of each series or class of funds for which this notice is filed:
          The Bramwell Growth Fund Common Stock, Par Value .0001 per share


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3.   Investment Company Act File Number:

          Securities Act File Number:     33-79742

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4.   Last day of fiscal year for which this notice is filed:
          June 30, 1996

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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:
          |-|


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6.   Date of  termination of issuer's  declaration  under rule  24f-2(a)(1),  if
     applicable (see Instruction A.6):
          Not applicable


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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 remained unsold at the beginning of
     the fiscal year:

          None

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8.   Number and amount of  securities  registered  during the fiscal  year other
     than pursuant to rule 24f-2:
          None

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9.   Number and aggregate sale price of securities  sold during the fiscal year:
           10,437,428 shares
          $141,226,265 aggregate sale price

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<PAGE>



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10.  Number and aggregate  sale price of securities  sold during the fiscal year
     in reliance upon registration pursuant to rule 24f-2:
           10,437,428 shares
          $141,226,265 aggregate sale price

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11.  Number and aggregate sale price of securities issued during the fiscal year
     in  connection  with  dividend   reinvestment  plans,  if  applicable  (see
     Instruction B.7):
           22,178 shares
          $298,517 aggregate sale price

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   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):  $141,226,265

      (ii) Aggregate price of shares issued in connection with dividend 
           reinvestment plans (from Item 11, if applicable):  +298,517

     (iii) Aggregate price of shares redeemed or repurchased during the fiscal
           year (if applicable):  -79,729,768

       (iv)Aggregate  price of shares  redeemed or repurchased and previously
           applied as a  reduction  to filing  fees  pursuant  to rule 24e-2 (if
           applicable): +0  

       (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)]if applicable):  61,795,014 

       (vi)Multiplier  prescribed by Section 6(b) of the  Securities Act of 1933
           or other applicable law or regulation (see Instruction C.6): x1/2900

       (vii)Fee due [line (i) or line (v) multiplied by line (vi)]:  $21,308.63


Instruction:  Issuers should complete lines (ii),  (iii),  (iv), and (v) only if
the form is being filed  within 60 days after the close of the  issuer's  fiscal
year. See Instruction C.3.

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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).
          |X|
       Date of  mailing  or wire  transfer  of filing  fees to the  Commission's
lockbox depository:

          8/28/96

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                                   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/ Elizabeth R. Bramwell

                                      President

       Date August 15, 1996
  *Please print the name and title of the signing officer below the signature.

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<PAGE>

                             DECHERT PRICE & RHOADS
                               477 Madison Avenue
                         New York, New York 10022-5891







                                 August 28, 1996


The Bramwell Funds, Inc.
745 Fifth Avenue
New York, New York   10151


         Re:      The Bramwell Funds, Inc.
                  Registration Statements Nos. 33-79742/811-8546;
                  Rule 24f-2 Notice for the Fiscal Year Ended June 30, 1996


Ladies and Gentlemen:

     As  counsel  for  The  Bramwell  Funds,  Inc.  (the  "Fund"),   a  Maryland
corporation,  during the fiscal year ended June 30, 1996,  we are familiar  with
the Fund's  registration  under the Investment  Company Act of 1940 and with the
registration  statement  relating  to shares of common  stock of its  series The
Bramwell  Growth Fund (the "Shares")  under the Securities Act of 1933 (File No.
33- 79742) (the "Registration Statement").

     As counsel for the Company,  we have  examined and relied upon such records
of the Fund as we have deemed necessary to render the opinion  expressed herein,
including the Rule 24f-2 Notice to which this opinion  pertains,  and the Fund's
audited financial statements for the fiscal year ended June 30, 1996. Based upon
such  examination,  we are of the opinion  that the shares  which the Rule 24f-2
Notice reports as having been sold in reliance upon registration pursuant to the
Rule during the fiscal year ended June 30, 1996, were legally issued, fully paid
and non-assessable.

                                Very truly yours,



                            /s/ DECHERT PRICE & RHOADS



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