UPRIGHT INVESTMENTS TRUST
24F-2NT, 2001-01-09
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                                  UNITED STATES
                       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.

1.       Name and address of issuer:        UPRIGHT INVESTMENTS TRUST
                                            615 WEST MOUNT PLEASANT AVE
                                            LIVINGSTON, NJ  07039

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:      811-08723

         Securities Act File Number:              333-49109

4(a). Last day of fiscal year for which this Form is filed: September 30, 2000

4(b). [ ]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). [ ]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):            $ 816,940

         (ii)     Aggregate price of securities redeemed or
                  repurchased during the fiscal year:               $       0

         (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:
                                                                    $       0

         (iv)     Total available redemption credits [add Items 5(ii)
                  and 5(iii)]:
                                                                    $       0

         (v)      Net sales--if Item 5(i) is greater than Item 5(iv)
                  [subtract Item 5(iv) from Item 5(i)]:
                                                                    $ 816,940


                                                                     <PAGE>
         (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.000264

         (viii) Registration fee due [multiply Item 5(v) by Item 5(vii)]
                  enter A 0" if no fee is due):
                                                                      =$215.67
                                                                        ------

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:  __________.  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):
                                                                    +$ .15
                                                                      ----------

8.       Total of the amount of the  registration  fee due plus any interest due
         [line 5(viii) plus line 7]:
                                                                      =$215.82

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

                  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/ David Y.S. Chiueh

                               David Y.S. Chiueh

Date January 9, 2001

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