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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:
TIME HORIZON FUNDS
3435 STELZER ROAD
COLUMBUS, OHIO 43219
2. Name of each series or class of funds for which this notice is filed:
See Exhibit A
3. Investment Company Act File Number: 811-9024
Securities Act File Number: 33-91448
4. Last day of the fiscal year for which this notice is filed:
JUNE 30, 1997
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:
[ ]
6. Date of termination of issuer's declaration under rule 24f-2(a)(1), if
applicable:
N/A
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:
NONE
8. Number and amount of securities registered during the fiscal year other than
pursuant to rule 24F-2:
NONE
9. Number and aggregate sale price of securities sold during the fiscal year:
Price $61,872,135
Shares 5,494,961
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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:
Price $61,872,135
Shares 5,494,961
11. Number and aggregate sale price of securities issued during the fiscal year
in connection with dividend reinvestment plans, if applicable:
Price $2,163,551
Shares 193,779
12. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the fiscal
year in reliance on rule 24F-2: $61,872,135
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(ii) Aggregate price of shares issued in connection with
dividend reinvestment plans: $ 2,163,551
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(iii) Aggregate price of shares redeemed or repurchased
during the fiscal year: $18,772,120
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(iv) Aggregate price of shares redeemed or repurchased
and previously applied as a reduction to filing fees
pursuant to rule 24F-2: $0
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(v) Net aggregate price of securities sold and issued during
the fiscal year in reliance on rule 24F-2: $45,263,566
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(vi) Multiplier prescribed by Section 6(b) to the Securities
Act of 1933 or other applicable law or registration: 1/3300
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(vii) Fee Due: $ 13,716.23
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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
[ X ]
Date of mailing or wire transfer of Filing fees to the Commission's lockbox
depository:
08/27/97
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/ KEVIN L. MARTIN
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Kevin L. Martin, Treasurer
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Date 8/27/97
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* Please print the name and title of the signing officer below the signature.
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EXHIBIT A
PORTFOLIO 1
A Shares
B Shares
K Shares
PORTFOLIO 2
A Shares
B Shares
K Shares
PORTFOLIO 3
A Shares
B Shares
K Shares
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VEDDER PRICE [Letter Head]
August 25, 1997
Board of Trustees
Time Horizon Funds
555 South Flower Street
Los Angeles, California 90071
Re: Rule 24f-2 Notice for Time Horizon Funds (the "Fund")
File No. 33-91448 and 811-9024
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Ladies and Gentlemen:
We have acted as counsel to the Fund since its organization in connection
with its public offering of an indefinite number of units of beneficial
interest, no par value ("Shares"), from each of the three authorized series of
the Fund.
Assuming that the Fund's Amended and Restated Declaration of Trust dated
June 12, 1995, as amended by written instrument dated April 22, 1996 and the
By-Laws of the Fund adopted June 12, 1995 are presently in full force and effect
and have not been amended in any respect and that the resolutions adopted by the
Board of Trustees of the Fund on June 12, 1995 and April 22, 1996 relating to
organizational matters and the issuance of shares are presently in full force
and effect and have not been amended in any respect, it is our opinion that the
Shares, as reported on the accompanying Notice pursuant to Rule 24f-2 reporting
sales and redemptions during the period ended June 30, 1997, were legally
issued, fully paid and non-assessable. In rendering this opinion, we have relied
upon an Officer's Certificate executed by the Treasurer of the Fund for the
fiscal year ending June 31, 1997 representing that all shares of the Fund have
been issued at the net asset value per share next determined after the Fund's
receipt of an order in proper form and payment therefor from the investor, as
described in the Fund's Prospectus and Statement of Additional Information.
This opinion is solely for the benefit of the Fund, the Fund's Board of
Trustees and the Fund's officers and may not be relied upon by any other person
without our prior written consent. We consent to the use of this opinion in
connection with the aforementioned Notice to be filed pursuant to Rule 24f-2
under the Investment Company Act of 1940.
Sincerely,
/s/ VEDDER, PRICE, KAUFMAN & KAMMHOLZ
VEDDER, PRICE, KAUFMAN & KAMMHOLZ
COK/RJM
