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.
1. Name and address of issuer: Fairport Funds
4000 chester Avenue
Cleveland, OH 44103
2. Name of each series or class of funds for which this
notice is filed:
SERIES
Fairport Midwest Growth Fund
Fairport Growth and Income Fund
Fairport Government Securities Fund
3. Investment Company Act File Number: 811-8774
Securities Act File Number: 33-84186
4. Last day of fiscal year for which this notice is filed:
October 31, 1996
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 issuers's 24f-2 declaration:
[ ]
6. Date of termination of issuer's declaration under Rule
24f-2(a)(1), if applicable (see instruction A.6):
Not Applicable
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 other than pursuant to Rule 24f-2: 0
9. Number and aggregate sale price of securities sold during
the fiscal year:
1,353,333 shares were sold for an aggregate price of $18,290,701
10. Number and aggregate sale price of securities sold during the
fiscal year in reliance upon registration pursuant to Rule 24f-2:
1,353,333 shares were sold for an aggregate price of $18,290,701
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):
122,970 shares were reinvested for an aggregate price of $1,550,005
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).....................$18,290,701
(ii) Aggregate price of shares issued
in connection with dividend reinvestment plans
(from item 11, if applicable).................+ 1,550,005
(iii) Aggregate price of shares redeemed
or repurchased during the fiscal year
(if applicable)...............................- 25,867,583
(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)............... (6,026,877)
(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 Commision'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:
December 17, 1996
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)
Michele R. Fogarty, Secretary &
Treasurer
Date: December 17, 1996
* Please print the name and title of the signing officer below
the signature.
Baker & Hostetler
65 East State Street, Suite 2100
Columbus, Ohio 43215-4260
(614) 228-1541
December 24, 1996
Fairport Funds
4000 Chester Avenue
Cleveland, Ohio 44103
Subject: Fairport Funds --Rule 24f-2 Notice dated December 24, 1996
Ladies & Gentlemen:
In connection with the registration by Fairport Funds (the "Trust")
under the Securities Act of 1933 of an indefinite number of units of
beneficial interest, it is our opinion that the 1,476,303 units of
beneficial interest of the Trust made definite by the above-captioned
Notice were legally issued, fully paid and non-assessable, assuming
that such units of beneficial interest were issued for the consideration
described in the Trust's Registration Statement on Form N-1A, as the
same may be amended from time to time.
Sincerely,
Baker & Hostetler
