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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2 NT/A
Annual Notice of Securities Sold
Pursuant to Rule 24F-2
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1. Name and address of issuer: Prairie Funds
Three First National Plaza
Chicago, Illinois 60670
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2. Name of each series or class of funds for which this notice is filed:
Prairie Funds (Money Market, U.S. Government Money Market, Municipal Money
Market, Equity Income, Growth, Special Opportunities, International Bond,
Intermediate Municipal Bond, Managed Assets Income, Bond, International Equity,
Managed Assets)
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3. Investment Company Act File Number: 811-7231
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Securities Act File Number: 33-56217
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4. Last day of the fiscal year
for which this notice is filed: December 31, 1995
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5. Check box if this notice is being filed more than 180 days after the close
of the issuer's fiscal year for purpose of reporting securities sold after
the close of the fiscal year but before termination of the issuer's 24F-2
declaration:
[ ]
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6. Date of termination of issuer's declaration under rule 24F-2(a)(1), if
applicable:
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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
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8. Number and amount of securities registered during the fiscal year other than
pursuant to rule 24F-2:
0
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9. Number and aggregate sale price of securities sold during the fiscal year:
Shares 1,680,685,951.00
Price $2,549,473,379.16
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10. Number and aggregate sale price of securities sold during the fiscal year in
reliance upon registration pursuant to rule 24f-2:
Shares 1,680,685,951.00
Price $2,549,473,379.16
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11. Number and aggregate sale price of securities issued during the fiscal year
in connection with dividend reinvestment plans, if applicable:
Shares 15,463,891.00
Price $45,832,069.00
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12. Calculation of registration fee:
(i) Aggregate sale price of securities sold during
the fiscal year in reliance on rule 24F-2: $2,549,473,379.16
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(ii) Aggregate price of shares issued in connection
with dividend reinvestment plans: $45,832,069.00
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(iii) Aggregate price of shares redeemed or
repurchased during the fiscal year: $1,713,318,329.00
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(iv) Aggregate price of shares redeemed or
repurchased and previously applied as
a reduction to filing fees pursuant
to rule 24E-2: $0.00
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(v) Net aggregate price of securities sold
and issued during the fiscal year in
reliance on rule 24F-2: $881,987,119.16
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(vi) Multiplier prescribed by Section 6(b) of
the Securities Act of 1933 or other
applicable law or registration: /2900
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(vii) Fee Due: $304,133.49
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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
[ ]
Date of mailing or wire transfer of filing fees to the Commission's lockbox
depository:
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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/ D'Ray Brewer
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D'Ray Brewer, Vice President
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Date July 31, 1996
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* Please print the name and title of the signing officer below the
signature.
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<PAGE> 3
PRAIRIE FUNDS 24F-2
DECEMBER 31, 1995
SUMMARY
<TABLE>
<CAPTION>
PURCHASED/W
----------- INCREASE/
FUND PURCHASED COMMISSIONS REINVESTED REDEMPTIONS (DECREASE)
- ---- ---------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Money Market (117290) 803,017,143.00 803,027,143.00 6,673,012.00 725,296.634.00 84,603,521.00
U.S. Government Money Market(2) 250,085,862.00 250,085,862.00 2,488,380.00 311,695,323.00 0.00
Municipal Money Market (117300) 634,326,763.00 534,326,783.00 3,305,612.00 482,251,105.00 55,381,290.00
Equity Income (292951) 258,157,716.00 258,169,108.55 6,638,209.00 24,256,920.00 240,550,397.56
Growth (292954) 300,831,887.00 300,837,724.39 15,027,099.00 68,303,488.00 247,561,335.39
Special Opportunities (292952) 69,942,654.00 69,944,501.32 1,194,408.00 12,875,093.00 78,263,816.32
International Bond (292953) 15,584,504.00 15,586,054.94 380,496.00 1,490,370.00 14,476,180.94
Intermediate Municipal Bond (2056) 48,746,625.00 48,762,421.58 2,914,315.00 57,221,370.00 (5,544,633.42)
Managed Assets Income (117299) 9,561,626.00 9,640,999.33 2,415,006.00 9,697,497.00 2,358,608.33
Bond (292950) 129,396,150.00 129,398,056.48 2,974,473.00 13,804,756.00 118,567,773.48
International Equity (292955) 100,265,824.00 100,273,228.10 1,535,547.00 6,823,304.00 95,985,471.10
Managed Assets (292958) 9,391,817.00 9,421,496.47 85,512.00 602,469.00 8,904,539.47
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TOTAL 2,549,318,590.00 2,549,473,379.16 45,832,059.00 1,713,381,325.00 881,987,119.16
CHANGE IN ASSETS 881,987,119.16
DIVIDED BY 24F-2 FEE 2900
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FEE 304,133.49
% CONTRIBUTED PROPORTIONAL
TO INCREASE FEE
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Money Market (117290) 8.94% 27,180.78
U.S. Government Money Market(2) 0.00% 0.00
Municipal Money Market (117300) 5.85% 17,792.48
Equity Income (292951) 25.41% 77,282.22
Growth (292954) 26.15% 79,534.64
Special Opportunities (292952) 8.27% 25,144.01
International Bond (292953) 1.53% 4,650.80
Intermediate Municipal Bond (2056) 0.00% 0.00
Managed Assets Income (117299) 0.25% 757.72
Bond (292950) 12.52% 38,092.56
International Equity (292955) 10.14% 30,837.49
Managed Assets (292958) 0.94% 2,860.78
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100.00% 304,133.48
</TABLE>
<TABLE>
<CAPTION>
(INCLUDE
FUNDS REDEMPTION NET REINVEST) (NO REINVEST)
FUND THAT INCREASED CREDITS INCREASE SHARES SHARES COMMISSIONS
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<S> <C> <C> <C> <C> <C> <C>
Money Market (117290) 84,603,521.00 0.00 84,603,521.00 809,900,155.00 800,027,143.00 0.00
U.S. Government Money Market(2) 0.00 0.00 0.00 252,574,242.00 260,085,882.00 0.00
Municipal Money Market (117300) 55,381,290.00 0.00 56,381,290.00 537,632,395.00 534,326,783.00 0.00
Equity Income (292951) 240,550,397.55 0.00 240,560,397.55 25,722,814.00 25,174,977.00 11,392.55
Growth (292954) 247,561,335.39 0.00 247,581,336.39 30,894,343.00 29,824,967.00 5,837.39
Special Opportunities (292952) 78,263,816.32 0.00 78,263,818.32 8,859,478.00 8,758,689.00 1,857.32
International Bond (292953) 14,476,180.94 0.00 14,476,180.94 1,520,001.00 1,485,975.00 1,550.94
Intermediate Municipal Bond (2056) 0.00 0.00 0.00 4,285,890.00 4,046,196.00 15,796.58
Managed Assets Income (117299) 2,358,508.33 0.00 2,358,508.33 894,617.00 713,770.00 79,374.33
Bond (292950) 118,667,773.48 0.00 118,567,773.48 13,078,322.00 12,800,587.00 1,908.48
International Equity (292955) 95,985,471.10 0.00 95,986,471.10 9,896,250.00 8,757,348.00 7,404.10
Managed Assets (292958) 8,904,539.47 0.00 8,904,359.47 891,435.00 880,756.00 20,079.47
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TOTAL 946,652,833.58 0.00 946,652,833.58 1,696,149,642.00 1,680,685,951.00 154,789.16
</TABLE>
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[STROOCK & STROOCK & LAVAN LETTERHEAD]
EXHIBIT 23
August 9, 1996
Prairie Funds
Three First National Plaza
Chicago, Illinois 60670
Ladies and Gentlemen:
We are general counsel to your company (the "Fund"). This letter is in response
to your request for our opinion in connection with the filing by you of a
revised "Rule 24f-2 Notice" pursuant to Rule 24f-2 promulgated under the
Investment Company Act of 1940, as amended. In such notice you have reported the
sale during the fiscal year ended December 31, 1995 of an aggregate amount of
shares of each Series of the Fund as set forth on Exhibit A hereto (the
"Shares").
We have acted as counsel to the Fund since its organization and in connection
with the filing by the Fund of a registration statement, and amendments
thereto, with the Securities and Exchange Commission under the Securities Act
of 1933, as amended. In so acting, we have examined a copy of the Fund's
charter documents, the Rule 24f-2 Notice, the original or reproduced or
certified copies of all such records of the Fund, agreements, certificates of
officers and representatives of the Fund and others, and such other documents,
papers, statutes and authorities as we deemed necessary to form a basis for the
opinion hereinafter expressed. As to matters of fact relevant to such opinion,
we have relied upon the Rule 24f-2 Notice and statements and certificates of
officers and representatives of the Fund and others. We have assumed the
genuineness of all signatures and the conformity to the original documents of
the copies of documents supplied to us as originals or reproduced copies.
Based upon the foregoing, we are of the opinion that the Shares referred to in
the Rule 24f-2 Notice were validly issued, fully paid and non-assessable by the
Fund.
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[STROOCK & STROOCK & LAVAN LETTERHEAD]
Prairie Funds
August 9, 1996
Page 2
We consent to the filing of this opinion with the Rule 24f-2 Notice referred to
above. In giving such permission, we do not admit hereby that we come within
the category of persons whose consent is required under Section 7 of the
Securities Act of 1933, as amended, or the rules and regulations of the
Securities and Exchange Commission thereunder.
Very truly yours,
/s/ STROOCK & STROOCK & LAVAN
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STROOCK & STROOCK & LAVAN
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[STROOCK & STROOCK & LAVAN LETTERHEAD]
Prairie Funds
August 9, 1996
Page 2
EXHIBIT A
<TABLE>
<CAPTION>
Name of Series Shares
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<S> <C>
Bond Fund 12,800,587.00
Equity Income Fund 25,174,977.00
Growth Fund 29,624,967.00
Intermediate Municipal Bond Fund 4,046,196.00
International Bond Fund 1,485,975.00
International Equity Fund 9,757,346.00
Managed Assets Fund 883,756.00
Managed Assets Income Fund 713,770.00
Money Market Fund 803,027,143.00
Municipal Money Market Fund 534,326,783.00
Special Opportunities Fund 8,758,589.00
U.S. Government Money Market Fund 250,085,862.00
</TABLE>
