UNITED STATES
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:
The Commerce Funds
4900 Sears Tower
Chicago, Illinois 60606
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: 811-8598
Securities Act File Number: 33-80966
4(a) Last day of fiscal year for which this Form is filed:
October 31, 1998
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): $540,313,808
------------
(ii) Aggregate price of securities
redeemed or repurchased during the
fiscal year: $265,950,623
------------
<PAGE>
(iii)Aggregate price of securities redeemed or repurchase during any
prior fiscal year ending 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): -$265,950,623
-----------
(v) Net sales - if Item 5(i) is greater than Item 5(iv) [subtract
Item 5(iv) from Item 5(i)]:
$274,363,185
------------
(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): + .000278
---------
(viii) Registration fee due [multiply Item 5(v) by Item 5(vii)]
(enter "0" if no fee is due):
=$76,273
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6. Prepaid Shares
If the response to item 5(i) was determined by deducting an amount of
securities that were registered under the Securities Act of 1933
pursuant to rule 24e-2 as in effect before [effective date of
rescission of rule 24e-2], then report the amount of securities (number
of shares or other units) deducted here: _________. If there is a
number of shares or other units that were registered pursuant to
rule 24e-2 remaining unsold at the end of the fiscal year for which
this form is filed that are available for use by the issuer in future
fiscal years, then state that number here:________.
<PAGE>
7. Interest due -- if this Form is being filed more than 90 days after the
end of the issuer's fiscal year (see Instruction D):
+$ 0
------------
8. Total of the amount of the registration fee due plus any interest due
[line 5(viii) plus line 7]:
=$ 76,273
-----------
9. Date the registration fee and any interest payment was sent to the
Commission's lockbox depository:
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
issuers and in the capacities and on the dates indicated.
By (Signature and Title)*
John Perlowski
_________________________
John Perlowski, Treasurer
Date: January 7, 1999
*Please print the name and title of the signing officer below the signature
