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:
RREEF Securities Fund, Inc.
The RREEF Funds
875 North Michigan Avenue
Suite 4114
Chicago, IL 60611
2. Name of each series or class of funds for which this notice is filed:
RREEF Real Estate Securities Fund
fiscal year other
3. Investment Company Act File Number: 811-9016
Securities Act File Number: 33-90762
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
issuer's 24f-2 declaration:
[ ]
6. Date of termination of issuer's declaration under rule 24f-2(a)(1), if
applicable (see Instruction A.6):
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:
Number of shares: 282,953 Aggregate sale price: $3,071,451
<PAGE>
10. Number and aggregate sale price: $3,071,451
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):
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): $ 3,071,451
(ii) Aggregate price of shares issued in
connection with dividend reinvestment
plans (from Item 11, if applicable): +
(iii) Aggregate price of shares redeemed or
repurchased during the fiscal year (if
applicable): - 3,623
(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): $ 3,067,828
(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)]: $ 929.64
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 Commission's Rules of
Informal and Other Procedures (17 CFR 202.3a).
[X]
<PAGE>
Date of mailing or wire transfer of filing fees to the Commission's
lockbox depository: December 19, 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)* /s/
------------------------
Paula M. Ferkull, Treasurer
Date December 18, 1996
*Please print the name and title of the signing officer below the signature.
[D'ANCONA & PFLAUM LETTERHEAD]
December 20, 1996
VIA EDGAR
RREEF Securities Fund, Inc.
The RREEF Funds
875 North Michigan Avenue
Suite 4114
Chicago, IL 60611
Attention: Kim G. Redding, President
Re: Investment Company Act Rule 24f-2 Notice for Fiscal Year
ended October 31, 1996
Dear Sir or Madam:
We have examined such documents and records as we deem necessary to
render this opinion.
From such examination, we are of the opinion that RREEF Securities Fund,
Inc. is:
1. Legally organized and existing under the laws of the State of
Maryland and was so organized and existing throughout the period in
which the sales occurred of the subject shares; and
2. Was authorized to issue the shares of its common stock sold
throughout the period covered by the Notice.
On the basis of our examination of all relevant documents, in our
opinion, the shares of your common stock sold during the period from the date
of inception through October 31, 1996 were part of your authorized, but
unissued, shares of common stock which, when sold, were legally issued and,
when issued and fully paid for in accordance with the terms of their offering,
constituted fully paid and non-assessable shares of your outstanding common
stock.
We hereby consent to the use of this opinion as an exhibit to the
above-referenced Notice.
Yours very truly,
D'ANCONA & PFLAUM
By: \s\Arthur Don
Arthur Don, Partner
SRS:sls
