<SEC-DOCUMENT>0001019056-15-000598.txt : 20150901
<SEC-HEADER>0001019056-15-000598.hdr.sgml : 20150901
<ACCEPTANCE-DATETIME>20150622141118
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001019056-15-000598
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20150622

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DAXOR CORP
		CENTRAL INDEX KEY:			0000027367
		STANDARD INDUSTRIAL CLASSIFICATION:	SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841]
		IRS NUMBER:				132682108
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		350 FIFTH AVENUE
		STREET 2:		SUITE 7120
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10118
		BUSINESS PHONE:		2122440555

	MAIL ADDRESS:	
		STREET 1:		350 5TH AVENUE
		STREET 2:		SUITE 7120
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10118

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	IDANT CORP
		DATE OF NAME CHANGE:	19730823
</SEC-HEADER>
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    <TD STYLE="width: 70%; font: 10pt Times New Roman, Times, Serif"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify;"><FONT STYLE="font-size: 10pt"><IMG SRC="daxor001_v1.jpg" ALT="(FOLEY LOGO)"></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 1in 0 24pt 3.25in; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;June
        22, 2015</FONT></P>
</td>
    <TD STYLE="width: 30%; font: 10pt Times New Roman, Times, Serif"><P STYLE="font: 10pt  Times New Roman, Times, Serif; margin: 0 0 4pt; text-transform: uppercase"><FONT STYLE="font-size: 10pt"><B>ATTORNEYS
                                         AT LAW</B></FONT></P>
        <P STYLE="font: 10pt  Times New Roman, Times, Serif; margin: 0; text-transform: uppercase"><FONT STYLE="font-size: 10pt">777
        East Wisconsin Avenue</FONT></P>
        <P STYLE="font: 10pt  Times New Roman, Times, Serif; margin: 0; text-transform: uppercase"><FONT STYLE="font-size: 10pt">Milwaukee,
        WI 53202-5306</FONT></P>
        <P STYLE="font: 10pt  Times New Roman, Times, Serif; margin: 0; text-transform: uppercase"><FONT STYLE="font-size: 10pt">414.271.2400
        TEL</FONT></P>
        <P STYLE="font: 10pt  Times New Roman, Times, Serif; margin: 0; text-transform: uppercase"><FONT STYLE="font-size: 10pt">414.297.4900
        FAX</FONT></P>
        <P STYLE="font: 10pt  Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">foley.com</FONT></P>
        <P STYLE="font: 10pt  Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>
        <P STYLE="font: 10pt  Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt; text-transform: uppercase">WRITER&rsquo;S
        DIRECT LINE</FONT></P>
        <P STYLE="font: 10pt  Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt; text-transform: uppercase">414.297.5596</FONT></P>
        <P STYLE="font: 10pt  Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">pfetzer@foley.com EMAIL</FONT></P>
        <P STYLE="font: 10pt  Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>
        <FONT STYLE="font-size: 10pt">CLIENT/MATTER NUMBER<BR>
</FONT>
        <FONT STYLE="font-size: 10pt">103159-0101</FONT></td></tr>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
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    <TD STYLE="width: 50%; font: 10pt Times New Roman, Times, Serif"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B><U>VIA
                                         EDGAR SYSTEM</U></B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Ms. Laura Hatch</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">U.S. Securities and Exchange
        Commission</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Division of Investment Management</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Washington, DC 20549</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P></td>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
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<TD STYLE="width: 1in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Re:</FONT></TD><TD STYLE="padding-right: 1in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><U>Daxor
                                         Corporation, File No. 811-22684</U></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><FONT STYLE="font-size: 10pt">Dear Ms. Hatch</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">On
behalf of our client, Daxor Corporation (&ldquo;<U>Daxor</U>&rdquo;), set forth below is Daxor&rsquo;s response to comments of
the Staff (the &ldquo;<U>Staff</U>&rdquo;) of the Securities and Exchange Commission (the &ldquo;<U>Commission</U>&rdquo;). The
numbered items set forth below repeat (in bold italics) the comments of the Staff, and following such comments are Daxor&rsquo;s
responses (in regular type).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
future filings, please ensure that the Semi-Annual Report to Shareholders on Form N-CSR is filed using the following EDGAR code:
&ldquo;N-CSRS&rdquo;. The Annual Report to Shareholders is filed using the EDGAR code &ldquo;N-CSR&rdquo;.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><U>Response</U>:
As requested, in future filings, Daxor will ensure that the Semi-Annual Report to Shareholders is filed using the EDGAR code &ldquo;N-CSRS&rdquo;.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Daxor
is required to file an Annual Report and Semi-Annual Report with the Commission on Form N-SAR.&nbsp; The Annual Report is filed
using EDGAR code &ldquo;NSARB&rdquo;.&nbsp; The Semi-Annual Report is filed using EDGAR code &ldquo;NSARA&rdquo;.&nbsp; Daxor
should file its Semi-Annual Report on Form N-SAR for the period ended June 30, 2014, and Daxor should amend its Annual Report
on Form N-SAR for the fiscal year ended December 31, 2013 to attach the auditors&rsquo; letter.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><U>Response</U>:
As requested, Daxor will file its Semi-Annual Form N-SAR for the period ended June 30, 2014 using the EDGAR code &ldquo;NSARA,&rdquo;
and its Annual Form N-SAR for the fiscal year ended December 31, 2014 using the EDGAR code &ldquo;NSARB.&rdquo; Daxor will also
amend its Annual Form N-SAR for the fiscal year ended December 31, 2013 and attach the auditors&rsquo; letter.</FONT></P>

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    <TD STYLE="width: 20%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase"><FONT STYLE="font-size: 10pt">Boston</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase"><FONT STYLE="font-size: 10pt">Brussels</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase"><FONT STYLE="font-size: 10pt">CHICAGO</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase"><FONT STYLE="font-size: 10pt">Detroit</FONT></P></TD>
    <TD STYLE="width: 20%; font: 10pt Times New Roman, Times, Serif"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase"><FONT STYLE="font-size: 10pt">JACKSONVILLE</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase"><FONT STYLE="font-size: 10pt">LOS ANGELES</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase"><FONT STYLE="font-size: 10pt">MADISON</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase"><FONT STYLE="font-size: 10pt">MIAMI</FONT></P></TD>
    <TD STYLE="width: 20%; font: 10pt Times New Roman, Times, Serif"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase"><FONT STYLE="font-size: 10pt">MILWAUKEE</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase"><FONT STYLE="font-size: 10pt">NEW YORK</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase"><FONT STYLE="font-size: 10pt">ORLANDO</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase"><FONT STYLE="font-size: 10pt">SACRAMENTO</FONT></P></TD>
    <TD STYLE="width: 20%; font: 10pt Times New Roman, Times, Serif"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase"><FONT STYLE="font-size: 10pt">SAN
                           DIEGO</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase"><FONT STYLE="font-size: 10pt">SAN DIEGO/DEL
        MAR</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase"><FONT STYLE="font-size: 10pt">SAN FRANCISCO</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase"><FONT STYLE="font-size: 10pt">SHANGHAI</FONT></P></TD>
    <TD STYLE="width: 20%; font: 10pt Times New Roman, Times, Serif"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase"><FONT STYLE="font-size: 10pt">SILICON
                           VALLEY</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase"><FONT STYLE="font-size: 10pt">TALLAHASSEE</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase"><FONT STYLE="font-size: 10pt">TAMPA</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase"><FONT STYLE="font-size: 10pt">TOKYO</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase"><FONT STYLE="font-size: 10pt">WASHINGTON, D.C.</FONT></P></TD></TR>
</TABLE>




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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><IMG SRC="daxor001_v1.jpg" ALT="(FOLEY LOGO)">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Laura Hatch</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">June 22, 2015</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt"><FONT STYLE="font-size: 10pt">Page 2</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Daxor
should ensure that its Form N-PX is filed each year by August 31.&nbsp; Each Form N-PX covers the period from July 1 to June 30.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><U>Response</U>:
As requested, Daxor will ensure that its Form N-PX is filed each year by August 31.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reference
is made to the line item &ldquo;Receivables: Broker&rdquo; in the Statement of Assets and Liabilities.&nbsp; The amount reflected
there appears to be the net amount of the restricted cash related to short sales and the amounts payable for securities sold short.&nbsp;
Rule 6-04(7) of Regulation S-X requires Daxor to state separately the amounts held by others in connection with short sales.&nbsp;
In future Annual and Semi-Annual Reports to Shareholders on Form N-CSR, please ensure the amount for this line item reflects the
full amount of the restricted cash related to short sales.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><U>Response</U>:
As requested, in future Annual and Semi-Annual Reports to Shareholders on Form N-CSR, Daxor will ensure the amount for this line
item reflects the full amount of the restricted cash related to short sales.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Were
there any director fees payable to directors?&nbsp; If there were, then in future filings the fees payable should be stated, and
indicate whether it is restricted.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><U>Response</U>:
Please note that there were no director fees payables at December 31, 2014. As requested, in future filings and as applicable,
Daxor will disclose director fees that are payable at each reporting date.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reference
is made to the Statement of Operations.&nbsp; Were there any expenses due to short sales?&nbsp; If there were, then in future
filings the expense should be listed.&nbsp; On supplemental basis, please explain how Daxor accounts for such expenses, and confirm
whether the expense ratio is correct.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><U>Response</U>:
As requested, in future filings and as applicable, Daxor will disclose expenses due to short sales. Daxor is charged commissions
on short sales and this is included in the basis of the short position. Any dividends received on short positions are credited
to the lender and paid over to the lender when the short position is closed. Daxor confirms that the expense ratio is correct.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Laura Hatch</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">June 22, 2015</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt"><FONT STYLE="font-size: 10pt">Page 3</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reference
is made to the line item &ldquo;Cost of treasury stock purchased&rdquo; in the Statement of Changes in Net Assets.&nbsp; In future
Annual and Semi-Annual Reports to Shareholders on Form N-CSR, please include information regarding the actual capital share transactions
for the two fiscal years presented in the Statement of Changes in Net Assets, in a footnote to the financial statements.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><U>Response</U>:
As requested, in future filings, Daxor will include information regarding the actual capital share transactions for the two fiscal
years presented in the Statement of Changes in Net Assets.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reference
is made to the line item &ldquo;Distributions to shareholders from: Payment of dividends&rdquo; in the Statement of Changes in
Net Assets.&nbsp; In future Annual and Semi-Annual Reports to Shareholders on Form N-CSR, please state separately the distributions
to shareholders from (a) investment income &ndash; net, (b) realized gain from investment transactions &ndash; net and (c) other
sources, in accordance with Rule 6-09(3) of Regulation S-X.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><U>Response</U>:
As requested, in future filings, Daxor will state separately the distributions to shareholders from (a) investment income &ndash;
net, (b) realized gain from investment transactions &ndash; net and (c) other sources.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Please
ensure in future filings of the Annual Report to Shareholders on Form N-CSR that the information in the Financial Highlights that
discloses distributions is separated by the source of income, in accordance with Item 4 of Form N-2.&nbsp; This Item references
dividends (from net investment income), distributions (from capital gains) and returns of capital.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><U>Response</U>:
As requested, in future filings, Daxor will ensure that the information in the Financial Highlights that discloses distributions
is separated by the source of income, in accordance with Item 4 of Form N-2.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Please
ensure in future filings of the Annual Report to Shareholders on Form N-CSR that the information in the Financial Highlights that
discloses total return is labelled &ldquo;Total Investment Return,&rdquo; in accordance with Item 4 of Form N-2.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><U>Response</U>:
As requested, in future filings, Daxor will ensure that the information in the Financial Highlights that discloses total return
is labelled &ldquo;Total Investment Return,&rdquo; in accordance with Item 4 of Form N-2.</FONT></P>


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    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><IMG SRC="daxor001_v1.jpg" ALT="(FOLEY LOGO)">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Laura Hatch</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">June 22, 2015</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt"><FONT STYLE="font-size: 10pt">Page 4</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Please
ensure in future filings of the Annual Report to Shareholders on Form N-CSR that the calculation for &ldquo;Total Investment Return&rdquo;
is done properly, as it appears that it was done using average net assets.&nbsp; Instruction 13 of Item 4 of Form N-2 provides
that when calculating &ldquo;total investment return&rdquo; you (a) assume a purchase of common stock at the current market price
on the first day and a sale at the current market price on the last day of each period reported on the table; (b) note that the
total investment return does not reflect sales load; and (c) assume reinvestment of dividends and distributions at prices obtained
by the company&rsquo;s dividend reinvestment plan or, if there is no plan, at the lower of the per share net asset value or the
closing market price of the company&rsquo;s shares on the dividend/distribution date.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><U>Response</U>:
As requested, in future filings, Daxor will ensure that that the calculation for &ldquo;Total Investment Return&rdquo; is done
properly.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Please
ensure in future filings of the Annual Report to Shareholders on Form N-CSR that the information provided in the Notes to Financial
Statements includes the tax-basis components of distributable earnings, in accordance with FASB ASC 946-20-50-11.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><U>Response</U>:
As requested, in future filings, Daxor will ensure that the information provided in the Notes to Financial Statements includes
the tax-basis components of distributable earnings, in accordance with ASC 946-20-50-11. ASC 946-20-50-11 requires all investment
companies to disclose two components of capital on the balance sheet: shareholder capital and distributable earnings. The components
of distributable earnings, on a tax basis, are disclosed in a note to the financial statements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Please
ensure in future filings of the Semi-Annual and Annual Reports to Shareholders on Form N-CSR that Daxor includes a statement of
the aggregate dollar amounts of purchases and sales of investment securities made during the period covered by the report, in
accordance with Section 30(e)(6) of the Investment Company Act.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><U>Response</U>:
Daxor currently provides this information in the Cash Flow Statement and in Footnote 4 of the Notes to Financial Statements, and
believes that this disclosure is sufficient. If the Staff has additional questions or comments regarding this disclosure, we are
happy to have further discussions.</FONT></P>


<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><IMG SRC="daxor001_v1.jpg" ALT="(FOLEY LOGO)">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Laura Hatch</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">June 22, 2015</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt"><FONT STYLE="font-size: 10pt">Page 5</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Please
ensure in future filing of Form N-CSR, under Item 8. &ldquo;Portfolio Managers of Closed-End Management Investment Companies,&rdquo;
that you disclose that Daxor does not have a portfolio manager, but that&nbsp; the Chief Executive Officer manages Daxor&rsquo;s
portfolio.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><U>Response</U>:
As requested, in future filings, Daxor will disclose that it does not have a portfolio manager, but that the Chief Executive Officer
manages Daxor&rsquo;s portfolio.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">* * *</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">If
the Staff has any questions with respect to the foregoing, please contact the undersigned at (414) 297-5596.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 40%">Very truly yours,<BR> <BR> /s/ Peter D. Fetzer<BR> <BR></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>Peter D. Fetzer</TD></TR>
</TABLE>


<DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>


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