FORM 24F2 Annual Notice of Securities Sold Pursuant to Rule 24f-2 1. Name and address of issuer: New Alternatives Fund, Inc. 150 Broadhollow Road, Suite 306 Melville, NY 11747 2. Name of each series or class of funds for which this notice is filed: 3. Investment Company Act File Number: 811-3287 Securities Act File Number: 2-74436 4. Last day of fiscal year for which this notice is filed: 12/31/04 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 24-f2 declaration: ----- 6. Date of termination of issuer's declaration under rule 24-f2 (a) (1), if applicable. (See instruction A.6) 7. Number and amount of securities of the same class of series which had been registered under the securities Act of 1993 other than pursuant to rule 24f-2 in a prior fiscal year, but which remained unsold at the beginning of the fiscal year: Indefinite 8. Number and amount of securities registered during the fiscal year other than pursuant to rule 24f-2: N/A 9. Number and aggregate sale price securities sold during the fiscal year: 128,553 Shares $3,961,831 10. Number and aggregate sale price securities sold during the fiscal year in reliance upon registration pursuant to rule 24f-2: 128,553 Shares $3,961,831 11. Number and aggregate sale price of securities issued during the fiscal year in connection with dividend reinvestment plans, if applicable (see instructions B.7): 6,525 Shares $218,451 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): $3,961,831 (ii) Aggregate price of share issued in connection with dividend reinvestment plans (from item 11, if applicable): $218,451 (iii) Aggregate price of shares redeemed or repurchased during the fiscal year (if applicable): $2,339,504 (iv) Aggregate price of shares redeemed or repurchased and previously applied as a reduction to filing fees pursuant to rule 24-2-2 (if applicable): +N/A (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): $1,840,778 ---------- (vi) Multiplier prescribed by Section 6(b) of the Securities Act of 1933 or other applicable law or regulation (see instruction C.6), (presently $117.70 per one million--per Section 6B of the Security Act): (vii) Fee due {line (i) or line (v) multiplied by line (vi)}: $ 216.66 -------- --------------------- Instructions: Issuers should complete lines (ii), (iv), and (v) only if the form is being filed within 60 days after the close of the issuer's fiscal year. Se instruction C.3. 13. Check box if fees are being remitted to the Commission's lockbox depositary as described in section 3a of the Commission's Rules of Informal and Other Procedures (17 CFR 202.3a) Date of mailing or wire transfer of filing fees to the Commissioner's lockbox depositary: N/A SIGNATURES This report has been signed below by the following persons on behalf of the issuer and the capacities and on the dates indicated. By: (Signature and Title)* /S/--------------------------------------- David J. Schoenwald Date: January 19, 2005 * Please print the name and title of the signing officer below the signature. Maurice Schoenwald 5270 Gulf of Mexico Drive Longboat Key, Florida 34228 ATTORNEY Florida: Admitted: Phone 1 941 383 4444 New York 1947 New York: Florida 1978 1 631 968 4455 OPINION OF COUNSEL To the Shareholders and Directors of New Alternatives Fund, Inc.: I am an Attorney at Law licensed to practice in the State of New York. I have examined the Charter, By-Laws, Stock Certificates, Prospectus and Registration Statement of NEW ALTERNATIVES FUND, INC. I certify that the when shares are fully paid, they are non-assessable and may be legally issued. New York, NY January 19, 2005 /S/ ----------------------- MAURICE L. SCHOENWALD