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Registration No. 33-88316
______________________________________________________________________________
SECURITIES AND EXCHANGE COMMISSION
450 Fifth Street, N.W.
Washington, D.C. 20549
RULE 24f-2 NOTICE
For the Fiscal Year Ended June 30, 1995
ARTISAN FUNDS, INC.
1000 North Water Street, Milwaukee, Wisconsin 53202
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Shares Sold
During Period Pursuant
Series of the Registrant to Rule 24f-2
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Artisan Small Cap Fund 8,717,000
All shares were sold in reliance upon Rule 24f-2 under the Investment Company
Act of 1940. No shares of common stock of the Registrant registered under the
Securities Act of 1933 (other than pursuant to Rule 24f-2) remained unsold at
the beginning of the fiscal year or were registered during the fiscal year
pursuant to Rule 24e-2.
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<CAPTION>
An opinion of Bell, Boyd & Lloyd is being filed with this Rule 24f-2 Notice.
Calculation of fee:
Less
Aggregate Aggregate
Series Sales Redemptions Net Sales
- - ------ --------- ----------- ---------
<S> <C> <C> <C>
Artisan Small Cap Fund $94,523,183 n/a $94,523,183
Registrant's total net sales price
for computing fee $94,523,183
Filing fee (1/50th of 1%) $ 18,904.64
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SIGNATURE
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Pursuant to the requirements of the Investment Company Act of 1940, the
undersigned registrant has caused this report to be signed on its behalf in the
City of Milwaukee and State of Wisconsin on the 14th day of November, 1995
ARTISAN FUNDS, INC.
By /s/ John M. Blaser
John M. Blaser
Chief Financial Officer,
Treasurer and Secretary
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[LETTERHEAD OF BELL, BOYD & LLOYD]
November 14, 1995
Artisan Funds, Inc.
1000 North Water Street
Milwaukee, Wisconsin 53202
Ladies and Gentlemen:
Rule 24f-2 Notice
We have represented Artisan Funds, Inc., a Wisconsin corporation (the
"Fund"), in connection with the filing with the Securities and Exchange
Commission of the Fund's Rule 24f-2 Notice for the fiscal year ended June 30,
1995 pursuant to rule 24f-2 under the Investment Company Act of 1940 ("Rule 24f-
2"). In this connection, we have examined originals, or copies certified or
otherwise identified to our satisfaction, of such documents, corporate or other
records, certificates and other papers as we deem it necessary to examine for
the purpose of this opinion, including the articles of incorporation and bylaws
of the Fund and resolutions of its board of directors authorizing the issuance
of shares.
Based upon the foregoing examination, we are of the opinion that the
8,717,000 shares of common stock, $.01 par value, of the series of the Fund
designated Artisan Small Cap Fund sold during the 1995 fiscal year in reliance
upon registration pursuant to rule 24f-2 were legally issued, fully paid and
nonassessable except to the extent provided in Section 180.0622(2)(b) of the
Wisconsin Statutes, or any successor provision, which provides that shareholders
of a corporation organized under Chapter 180 of the Wisconsin Statutes may be
assessed up to the par value of their shares to satisfy the obligations of such
corporation to its employees for services rendered, but not exceeding six months
service in the case of any individual employee; certain Wisconsin courts have
interpreted "par value" to mean the full amount paid by the purchaser of shares
upon issuance thereof.
We consent to the filing of this opinion with the Fund's Rule 24f-2
Notice. In giving this consent, we do not admit that we are in the category of
persons whose consent is required under Section 7 of the Securities Act of 1933.
Very truly yours,
