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UNITED STATES
APPENDIX I 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.
1. Name and address of issuer:
The Milestone Funds
One Odell Plaza
Yonkers, NY 10701
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: 811-8620
Securities Act File Number: 33-81574
4(a). Last day of fiscal year for which this Form is filed:
November 30, 1997
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.
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5. Calculation of registration fee:
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(i) Aggregate sale price of securities
sold during the fiscal year
pursuant to section 24(f): $12,332,920,897
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(ii) Aggregate price of securities
redeemed or repurchased during
the fiscal year: $11,327,102,717
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(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
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(iv) Total available redemption credits
[add items 5(ii) and 5(iii): -$11,327,102,717
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(v) Net sales - if Item 5(i) is greater
than Item 5(iv) [subtract Item 5(iv)
from Item 5(i)]: $ 1,005,818,180
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(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)]: $( 0 )
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(vii) Multiplier for determining
registration fee (See instruction
C.9): X .000295
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(viii) Registration fee due (multiply Item
5(v) by Item 5(vii)] (enter "0" if no
fee is due): =$ 296,716.36
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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 rescisison 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 if 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: 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
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8. Total of the amount of the registration fee due plus any
interest due [line 5(viii) plus line 7]: =$ 296,716.36
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9. Date the registration fee and any interest payment was sent
to the Commission's lockbox depository:
February 25, 1998
Method of Delivery:
/X/ Wire Transfer
/ / Mail or other means
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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/ Jeffrey R. Hanson, Secretary
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Jeffrey R. Hanson, Secretary
Date February 24, 1998
*Please print the name and title of the signing officer below the signature.
