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:
	The Timothy Plan
	1304 West Fairbanks Avenue
	Winter Park, Florida 32789


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:     811-8228     

        Securities Act File Number:             33-73248     


4(a).	Last day of fiscal year for which this notice is filed:

	    December 31, 1997         


4(b).   [ ]     Check box if this notice is being filed late (i.e., more than
                90 calender days after the end of the issuer?s fiscal year).
                (See Instruction A.2)

Note:If the 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
                this Form.






5.  CALCULATION OF REGISTRATION FEE:
(i)   Aggregate sale price of securities sold
            during the fiscal year pursuant to section
      24(f):	$ 11,853,063

(ii)  Aggregate price of shares redeemed
            or repurchased during the fiscal year:             $ 1,756,809 
  
(iii) Aggregate price of shares 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)]:	$ 1,756,809 

(v)	Net Sales- if item 5(i) is greater than item 5(iv)
[subtract item 5(iv) from item 5(i):	$ 10,096,254 

(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)]:		$ (    0     )

(vii) Multiplier for determining registration fee
      (See Instruction C.9):	x .000295 

(viii)Registration fee due [multiply Item 5(v) by item
      5(vii)] (enter ?0" if no fee is due):	=$ 2,978.39 



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 October 11, 1997,then report the amount of
securities (number of shares or units) deducted here: 0.

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: 0.


7.	Interest due- if this Form is being filed more than 90 days after
the end of the issuers? 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]:	=$ 2,978.39  
 

9.	Date the registration fee and any interest payment was sent to the 
Commissions? lockbox depository: March 19, 1998

Method of Delivery:
[X]	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)*		 /s/ Arthur D. Ally, President 

                                            Arthur D. Ally, President   

Date:   March  20, 1998


* Please print the name and title of the signing officer below the signature.