PRAIRIE INSTITUTIONAL FUNDS
N-8A, 1994-10-31
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   SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549

     FORM N-8A

     NOTIFICATION OF REGISTRATION
   FILED PURSUANT TO SECTION 8(a) OF THE
    INVESTMENT COMPANY ACT OF 1940


The undersigned investment company hereby notifies the
 Securities and Exchange Commission that it registers under and
 pursuant to the provisions of Section 8(a) of the Investment
 Company Act of 1940 and in connection with such notification of
 registration submits the following information: 

 _______________________________________________________________

 Name:  PRAIRIE INSTITUTIONAL FUNDS
    
 Address of Principal Business Office (No. & Street, City,
State,
  Zip Code): Three First National Plaza, Chicago, Illinois
 60670.

 Telephone Number (including area code): (312) 732-4231

 Name and address of agent for service of process:


  
 
     <PAGE>





 Securities and Exchange Commission
 October 27, 1994
 Page 3



 Bradford M. Markham, Esq.
Three First National Plaza
 Chicago, Illinois 60670

     copy to:

  Lewis G. Cole, Esq.
 Stroock & Stroock & Lavan
   7 Hanover Square
     New York, New York 10004-2696


 Check Appropriate Box:

 Registrant is filing a Registration Statement pursuant to
 Section 8(b) of the Investment Company Act of 1940 concurrently
 with the filing of Form N-8A: 

   Yes /X/ No / /

   



























  
 
     <PAGE>





 Securities and Exchange Commission
 October 27, 1994
 Page 4



     SIGNATURE



Pursuant to the requirements of the Investment Company
 Act of 1940, the registrant has caused this notification of
 registration to be duly signed on its behalf in the City of New
 York and State of New York on the 28th day of October, 1994.


 [SEAL]


PRAIRIE INSTITUTIONAL FUNDS



 Attest: By:/s/Joseph F. Kissel  

Joseph F. Kissel, President


 /s/James W. Bernaiche    
 James W. Bernaiche,
  Secretary


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