EQUITY SECURITIES TRUST MUNICIPAL SYMPHONY SERIES
24F-2NT, 1999-09-28
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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:

            Reich & Tang Distributors, Inc.
            (formerly Reich & Tang Distributors L.P.)
            600 Fifth Avenue
            New York, New York  10020-2302


- -------------------------------------------------------------------------------

   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): / /


            Equity Securities Trust, Series 20, Municipal Symphony Series

- -------------------------------------------------------------------------------

   3.       Investment Company Act File Number:     811-2868


            Securities Act File Number:             333-64071

- -------------------------------------------------------------------------------

   4(a)./ / Last day of fiscal year for which this Form is filed: June 30, 1999

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   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.

- -------------------------------------------------------------------------------

875812.1

<PAGE>

   5.       Calculation of registration fee:

   (i)      Aggregate sale price of securities
            sold during the fiscal year pursuant
            to section 24(f):                                    $157,482,323.30
                                                                  --------------

   (ii)     Aggregate price of securities redeemed
            or repurchased during the fiscal
            year:                                 $2,219,475.10
                                                   ------------

   (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)]:                          $2,219,475.10
                                                                    ------------

   (v)      Net sales -- if Item 5(i) is greater
            than Item 5(iv) [subtract Item
            5(iv) from Item 5(i)]:                               $155,262,848.20
                                                                  --------------

   (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 .000278
                                                                   -------

   (viii)   Registration fee due [multiply Item 5(v)
            by Item 5(vii)] (enter "0" if no fee is
            due):                                                =$ 43,163.07
                                                                   ==========

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   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: 0    .
                     -----
- --------------------------------------------------------------------------------

   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): +$ 0
                                                                      ----
- --------------------------------------------------------------------------------

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

                                                                  =$  43,163.07
                                                                    ===========

- -------------------------------------------------------------------------------

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

                    September 28, 1999
                    Method of Delivery:

                                       /X/  Wire Transfer
                                       / /  Mail or other means

- -------------------------------------------------------------------------------

- -------------------------------------------------------------------------------

- -------------------------------------------------------------------------------

875812.1

<PAGE>

                                   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/PETER J. DEMARCO
                                                  -----------------------------
                                                  Peter J. DeMarco,
                                                  Executive Vice President

              Date:   September 24, 1999

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

875812.1

<PAGE>



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