UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON DC 20549
FORM 24F-2
ANNUAL NOTICE OF SECURITIES SOLD
PURSUANT TO RULE 24F-2

1.     Name and address of issuer:  
        The Milestone Funds
        115 East Putnam Avenue
        Greenwich, CT 06830
2.     The name of each series or class of securities for which this Form 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- 8620 

        Securities Act File Number: 
                   33- 81574

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

                 November 30, 2009

4(b).  o  Check box if this Form is being filed late (i.e. more than 90 calendar 
              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).  o 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):	$14,454,536,762
(ii) Aggregate price of securities
redeemed or repurchased during the
fiscal year:	$(14,391,066,411)
(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:	$(938,564,034)
(iv) Total available redemption credits
[add Items 5(ii) and 5(iii)]:	$(15,329,630,445)
(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 than Item 5(iv) [subtract Item
5(iv) from Item 5(i)]:	$(875,093,683)
(vii) Multiplier for determining
registration fee (See Instruction
C.9):	X 0.00007130
(viii) Registration fee due [multiply Item
5(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 October 11, 1997 then report the amount
     of securities (number of shares or other 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:

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):

                                                                   + $                                                                                                                                           ____________

8.   Total of the amount of the registration fee due plus any interest due [line
     5(viii) plus line 7]:

                                                                   = $                                                                                                                                           ____________

9.   Date the registration fee and any interest payment was sent to the
     Commission's lockbox depository:

Method of Delivery:
o  Wire Transfer
o  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/ Marc H. Pfeffer
	Marc H. Pfeffer
	Principal Financial Officer
Date:	February 10, 2010

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