1. Name and address of issuer:
The Penn Street Fund, Inc.
30 Valley Stream Parkway,
Malvern, PA 19355
2. Name of each series or class of funds for which this
notice is filed (If the Form is being filed for all series
and classes of securities of the issuer, check the box but
do not list series or classes): X
3. Investment Company Act File Number:
033-95102
Securities Act File Number:
4(a). Last day of fiscal year for which this notice is filed:
October 31, 1999
4(b) Check box if this notice is being filed late (i.e., more than
90 days after the end of the issuers fiscal year). (See instruction
A.2)
Note: if Form is being filed late, interest must be paid on the
registration fee due.
4(c). Check box if this is the last time the issuer will be filing
the Form.
5. Calculation of registration fee:
(i) Aggregate sales price of securities sold during
the fiscal year, pursuant to section 24(f): $2,795,467
(ii) Aggregate price of securities redeemed or
repurchased during the fiscal year: $10,108,384
(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: $13,699,711
(iv) Total available redemption credits [add
Items 5(ii) and 5(iii): $23,808,095
(v) Net sales - if Item 5(i) is greater than
Item 5(iv) [subtract Item 5(iv) from
Item 5(i)]: $0
(vi) Redemption credits available for use
in future years - if Item 5(i) is less
then Item 5(iv) [subtract Item 5(iv)
from Item 5(i)]: $(21,012,628)
(vii) Multiplier for determining registration
fee (See Instruction C.9): 0.000264
(viii) Registration fee due [multiply Item5(v)
by Item 5(vii)] (enter "0" if no fee
is due): =$0
6. Prepaid Shares
If the response to Item 5(i) was determined by deducting an amount
of securities that were registered under the Securities Act of 1933
pursuant to rule 24e-2 as in effect before [effective date of
rescisison of rule 24e-2], then report the amount of securities
(number of shares or other units) deducted here: N/A. If there
is a number of shares or other units that were registered pursuant
to rule 24e-2 remaining unsold at the end of the fiscal year for
which this form is filed that are available for use by the issuer
in future fiscal years, then state that number here: N/A.
7. Interest due - if this Form is being filed more than 90 days
after the end of the issuer's fiscal year (see Instruction D): +$ 0
8. Total of the amount of the registration fee due plus any
interest due [line 5(viii) plus line 7]: =$ 0
9. Date the registration fee and any interest payment was
sent to the Commission's lockbox depository:
Method of Delivery
Wire Transfer
Mail or other means
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)* David E. Sparks President
Date 1/20/00
* Please print the name and title of the signing officer below
the signature.
