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 THE FORM BEFORE PREPARING FORM.
PLEASE PRINT OR TYPE.
1. Name and address of issuer: Kiewit Mutual Fund
1000 Kiewit Plaza
Omaha, NE 68131
2. Name of each series or class of funds
for which this notice is filed: Money Market Portfolio
Short-Term Government
Portfolio
Intermediate-Term Bond
Portfolio
Tax-Exempt Portfolio
Equity Portfolio
3. Investment Company Act File Number: 811-8648
Securities Act File Number: 33-84762
4. Last day of fiscal year for which this
notice is filed: June 30, 1997
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 I---I
24f-2 declaration: I I
I---I
6. Date of termination of issuer's
declaration under rule 24f-2(a)(1), if
applicable (see Instruction A.6): N/A
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: 0
8. Number and amount of securities
registered during the fiscal year 0 shares
other than pursuant to rule 24f-2: $ 0
9. Number and aggregate sale price of
securities sold during the fiscal 2,382,616,519 shares
year: $2,409,517,052
10. Number and aggregate sale price of
securities sold during the fiscal year
in reliance upon registration pursuant 2,382,616,519 shares
to rule 24f-2: $2,409,517,052
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): N/A
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): $2,409,517,052
--------------
(ii) Aggregate price of shares issued
in connection with dividend
reinvestment plans (from Item
11, if applicable): + 0
--------------
(iii) Aggregate price of shares
redeemed or repurchased during
the fiscal year (if applicable): - $2,409,517,052
--------------
(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): 0
--------------
(vi) Multiplier prescribed by Section
6(b) of the Securities Act of
1933 or other applicable law or
regulation (see Instruction
C.6): x 1/3300
--------------
(vii) Fee due [line (i) or line (v)
multiplied by line (vi)]: $ 0
==============
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.
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). I---I
I I
Date of mailing or wire transfer of I---I
filing fees to Commission's lockbox
depository:
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/ Kenneth D. Gaskins
-----------------------------
Kenneth D. Gaskins, Secretary
Date: August 21, 1997
-----------------
* Please print the name and title of the signing officer below the
signature.
SCHEDULE A
KIEWIT MUTUAL FUND
<TABLE>
<CAPTION>
Shares Sold Shares Redeemed
------------------------ ----------------------------
Shares Amount Shares Amount
------------------------ ----------------------------
<S> <C> <C> <C> <C>
Money Market Portfolio 2,342,756,681 $2,342,756,681 2,340,726,795 $2,340,726,795
Short-Term Government
Portfolio 2,356,942 4,737,101 33,817,610 67,915,970
Intermediate-Term Bond
Portfolio 2,520,937 5,104,754 13,901,805 28,230,931
Tax-Exempt Portfolio 67 138 6,049,330 12,352,098
Equity Portfolio 589,643 10,320,355 316,887 5,784,946
------------- -------------- -------------- --------------
2,348,224,270 2,362,919,029 2,394,812,427 2,455,010,740
============= ============== ============== ==============
Shares Reinvested
------------------------
Shares Amount
------------------------
Money Market Portfolio 23,288,239 $23,288,239
Short-Term Government
Portfolio 4,500,804 9,029,717
Intermediate-Term Bond
Portfolio 3,543,504 7,161,800
Tax-Exempt Portfolio 3,003,856 6,114,715
Equity Portfolio 55,846 1,003,552
---------- -----------
34,392,249 $46,598,023
========== ===========
</TABLE>
Law Offices
Stradley, Ronon, Stevens & Young, LLP
2600 One Commerce Square
Philadelphia, Pennsylvania 19103-7098
Direct Dial: (215) 564-8047
August 20, 1997
Kiewit Mutual Fund
c/o Peter Kiewit Son's, Inc.
One Thousand Kiewit Plaza
Omaha, NE 68131
RE: KIEWIT MUTUAL FUND (THE "FUND")
Gentlemen:
You have informed us that, in accordance with Rule 24f-2
under the Investment Company Act of 1940, as amended (the "1940
Act"), Kiewit Mutual Fund, a Delaware business trust (the
"Fund"), intends to file a Rule 24f-2 Notice with the United
States Securities and Exchange Commission (the "SEC"), setting
forth, among other things, that for the Fund's fiscal year ended
June 30, 1997, the Fund, having elected to register an indefinite
number of shares of beneficial interest, sold 2,382,616,519
shares of the Fund, under Rule 24f-2, and making definite the
number of shares of beneficial interest registered under the
Securities Act of 1933 (the "1933 Act") for such period. You
have also informed us that all such shares were issued in
accordance with the provisions relating thereto in the
registration statement filed by the Fund under the 1933 and 1940
Acts.
We have acted as legal counsel to the Fund during the period
of time referred to above and, as such, have reviewed the
Declaration of Trust of the Fund; its Bylaws; the registration
statement the Fund has filed with the SEC under the 1940 and 1933
Acts, and such minutes of the corporate proceedings and other
documents as we deem material to our opinion.
Based on the foregoing, we are of the opinion that the
2,382,616,519 shares of the Fund, sold under such Rule during the
Fund's fiscal year ended June 30, 1997, were fully-paid, non-
assessable and legally issued shares of beneficial interest of
the Fund.
We hereby consent to the filing of this opinion with the SEC
as an exhibit or accompaniment to the aforementioned Rule 24f-2
Notice, as an exhibit to the Fund's amendment to its registration
statement under the 1933 Act, and to any reference to us in the
prospectus of the Fund as legal counsel who has passed upon the
legality of the offering of such shares of beneficial interest.
We also consent to the filing of this opinion with the securities
regulatory agencies of any states or other jurisdiction in which
such shares of beneficial interest are offered for sale.
Very truly yours,
STRADLEY, RONON, STEVENS & YOUNG, LLP
By: JOSEPH V. DEL RASO
Joseph V. Del Raso,
Partner
