November 15, 1995
SECURITIES AND EXCHANGE COMMISSION
450 Fifth Street, Northwest
Judiciary Plaza
Washington, D. C. 20549
RE: Rule 24f-2 Notice for United Asset Strategy Fund, Inc.
File No. 33-55753 and 811-7217/CIK #929922
Dear Sir or Madam:
1. This Notice is being filed for the fiscal year ended September 30, 1995;
2. At the beginning of such fiscal year the issuer had no securities registered
under the Securities Act of 1933, other than pursuant to this section;
3. During such fiscal period the issuer registered no securities other than
pursuant to this section;
4. 4,404,731 shares of the issuer were sold during such fiscal period, and*
5. 4,404,731 shares were sold during such fiscal period in reliance upon
registration pursuant to this section.
This Notice is accompanied by an opinion of counsel as prescribed by paragraph
(b)(1)(v) of Rule 24f-2. We have wired $4,222.83 in payment of the filing fee
prescribed by paragraph (c) of said Rule.
Very truly yours,
Sharon K. Pappas
Secretary
*During such fiscal year the issuer sold 4,404,731 shares in reliance upon
registration pursuant to Rule 24f-2 at an actual aggregate sale price of
$22,939,173 and redeemed 345,001 shares at an aggregate repurchase price of
$1,825,037. None of such redeemed shares were previously applied by the issuer
pursuant to Section 24e-2(a) in filings made pursuant to Section 24(e)(1) of the
Investment Company Act of 1940. The filing fee, calculated in the manner
specified in Section 6(b) of the Securities Act of 1933, is based on the actual
sale price of $22,939,173 for which shares were sold during the issuer's
previous fiscal period reduced by the actual redemption price of $1,825,037 for
which shares were redeemed by the issuer during such previous fiscal year.
November 15, 1995
United Asset Strategy Fund, Inc.
6300 Lamar Avenue
P. O. Box 29217
Shawnee Mission, Kansas 66201-9217
Dear Sir or Madam:
In connection with the public offering of shares of Capital Stock, par value
$1.00 per share, of United Asset Strategy Fund, Inc. (the "Fund"), I have
examined such corporate records and documents and have made such further
investigation and examination as I deemed necessary for the purpose of this
opinion.
It is my opinion that the 4,404,731 shares of Capital Stock of the Fund,
registration of which the Notice makes definite in number, were legally issued,
fully paid and nonassessable.
I hereby consent to the filing of this opinion with the Rule 24f-2 Notice.
Very truly yours,
Sharon K. Pappas
Attorney at Law
SKP:sa
