TRANSAMERICA INVESTORS INC
24F-2NT, 1999-03-23
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                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                   FORM 24F-2
             Annual Notice of Securities Sold Pursuant to Rule 24f-2


1.)      Name and address of issuer:

         Transamerica Investors, Inc.
         1150 South Olive Street
         Los Angeles, CA  90015

2.) Name of each series or class of funds for which this notice is filed:

         Investor Shares

3.)      Investment Company Act File Number:                         811-9010
         Securities Act File Number:                                 33-90888

4a.)     Last day of fiscal year for which this notice
         is filed:                                                   12/31/98

4b.)     Check box if this Form is being filed late
         (more than 90 calendar days after the end of the
         issuer's fiscal year)                                       [      ]

4c.)     Check box if this is the last time the issuer will
         be filing this Form                                         [      ]

5.) Calculation of registration fee:

         (i)      Aggregate sale price of securities sold during the
                  fiscal year pursuant to Section 24(f):        $1,040,139,198

         (ii)     Aggregate price of securities redeemed or repurchased
                  during the fiscal year:                        $494,234,732

         (iii)    Aggregate price of securities  redeemed or repurchased  during
                  any prior  fiscal year ending no earlier than October 11, 1995
                  that  were not  previously  used to reduce  registration  fees
                  payable to the Commission: $0





         (iv)     Total available redemption credits (add Items
                  5(ii) and 5(iii):                               $494,234,732

         (v) Net sales - if Item 5(i) is greater than Item 5(iv),
                  subtract Item 5(iv) from Item 5(i):             $545,904,466

         (vi)     Redemption  credits  available  for use in future  years -- if
                  Item 5(i) is less than Item 5(iv), subtract Item 5(iv)
                  from Item 5(i):                              $___________

         (vii)    Multiplier for determining registration fee:   .000278

         (viii)   Registration fee due (multiply Item 5(v) by
                  Item 5(vii) - (enter "0" if no fee is due):    $151,761

6.       Prepaid Shares

         If the response to Item 5(i) was  determined  by deducting an amount of
         securities  that  were  registered  under  the  Securities  Act of 1933
         pursuant  to  Rule  24e-2  as  in  effect  before  (effective  date  of
         rescission of Rule 24e-2), then report the amount of securities (number
         of shares or other  units)  deducted  here:  __________.  If there is a
         number of shares or other units that were  registered  pursuant to Rule
         24e-2  remaining  unsold at the end of the  fiscal  year for which this
         Form is filed that are available for use by the issuer in future fiscal
         years, then state that number here: _________________.

7.)      Interest due -- if this Form is being filed more than 90 days
         after the end of the issuer's fiscal year                   $

8.)      Total of the amount of the registration fee due plus any
         interest due (line 5(viii) plus line 7):                    $151,761

9.)      Date the registration fee and any interest payment was sent
         to the Commission's lockbox depository:                     3-20-98
         Method of Delivery:

         [  X ]            Wire Transfer
         [      ] Mail or other means


<PAGE>





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.



                          TRANSAMERICA INVESTORS, INC.

                        By: ____________________________
                                  Susan Hughes
                                  Treasurer and
                            Chief Accounting Officer


Date:  March 22, 1999
<PAGE>


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