<PAGE>
RULE 24f-2 NOTICE
FOR
SHORT-TERM INVESTMENTS TRUST
Reg. No. 2-58287 Dated: October 18, 1995
The fiscal year for which this Notice is being filed ended August 31,
1995.
There were 5,491,233,460 shares registered during such fiscal year
pursuant to Section 270.24e-2. There were no shares which had been
registered under the Securities Act of 1933 pursuant to Section 270.24e-2
which remained unsold at the beginning of such fiscal year.
There were 19,070,104,193 shares sold during such fiscal year. Of those
shares sold, 18,861,124,708 shares were sold during this fiscal year in
reliance upon registration pursuant to Section 270.24f-2 and 208,979,485
shares were sold in reliance upon registration pursuant to Section 270.24e-2.
The aggregate sale price of all shares was $19,070,104,193. There were
18,861,124,708 shares repurchased or redeemed during such fiscal year. The
aggregate redemption price of these shares was $18,861,124,708.
Calculation of the required fee is as follows (pursuant to Section 6(b)
of the Securities Act of 1933):
$ 19,070,104,193 Aggregate sale price of shares sold during fiscal
year
$(18,861,124,708) Aggregate redemption price of shares repurchased or
redeemed during fiscal year
$ 208,979,485 Aggregate sale price of shares sold pursuant to
---------------- definite registration
$ 0 DIVIDED BY 2900
----------------
$ 0 Total fee due with this Notice
================
No redeemed or repurchased shares have been previously applied by the
issuer pursuant to Section 270.24e-2(a) in filings made pursuant to Section
270.24e-1 of the Investment Company Act for such period.
This Rule 24f-2 Notice is accompanied by the required opinion of counsel
furnished by Ballard Spahr Andrews & Ingersoll, legal counsel to the issuer.
/s/ DANA R. SUTTON
--------------------------------------
Dana R. Sutton
Vice President and Assistant Treasurer
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[LETTERHEAD OF BALLARD SPAHR ANDREWS & INGERSOLL]
October 20, 1995
Short-Term Investments Trust
11 Greenway Plaza
Suite 1919
Houston, Texas 77046
Re: Rule 24f-2 Notice for Short-Term
Investments Trust - Securities Act
File No. 2-58287
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Gentlemen:
We have acted as counsel to Short-Term Investments Trust (the
"Fund"), a Delaware business trust registered with the Securities and
Exchange Commission under the Investment Company Act of 1940 as an open-end
management, series investment company.
We have been informed that a registration statement on Form N-1A, as
amended (the "Registration Statement") relating to an indefinite number of
shares of beneficial interest in the Fund (the "Shares") has been filed with
the Securities and Exchange Commission under the Securities Act of 1933
(Securities Act File No. 2-58287).
We further understand that, pursuant to the provisions of Rule
24f-2, the Fund is filing with the Securities and Exchange Commission a
notice (the "Notice") making definite the registration of such Shares sold in
reliance on Rule 24f-2 for the fiscal year ended August 31, 1995.
Specifically, we have been informed by the Fund that a total of
19,070,104,193 Shares (representing interests in series portfolios existing
during all or part of such fiscal year) were issued from time to time during
such fiscal year under Prospectuses which were included as part of the
Registration Statement. The Fund has requested our opinion in connection
with the filing of such Notice, for inclusion in such filing.
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Short-Term Investments Trust
October 20, 1995
Page 2
In connection with our giving of this opinion, we have examined a
copy of the Fund's Agreement and Declaration of Trust, as amended, and
originals or copies, certified or otherwise identified to our satisfaction,
of such other documents as we have deemed necessary or advisable for purposes
of this opinion. As to various questions of fact material to our opinion, we
have relied upon information provided by officers of the Fund.
Based upon the foregoing, we are of the opinion that the
19,070,104,193 Shares issued by the Fund during its fiscal year ended August
31, 1995 were, when issued for payment as described in the Fund's
Prospectuses referred to above, legally issued, fully paid and non-assessable
by the Fund.
Both the Delaware Business Trust Act and the Fund's Agreement and
Declaration of Trust, as amended (the "Trust Agreement"), provide that
shareholders of the Fund shall be entitled to the same limitation on personal
liability as is extended under the Delaware General Corporation Law to
stockholders of private corporations for profit. There is a remote
possibility, however, that, under certain circumstances, shareholders of a
Delaware business trust may be held personally liable for that trust's
obligations to the extent that the courts of another state which does not
recognize such limited liability were to apply the laws of such state to a
controversy involving such obligations. The Trust Agreement also provides
for indemnification out of Fund property for all loss and expense of any
shareholder held personally liable for the obligations of the Fund.
Therefore, the risk of any shareholder incurring financial loss beyond his
investment due to shareholder liability is limited to circumstances in which
the Fund itself is unable to meet its obligations and the express disclaimer
of shareholder liabilities is determined not to be effective.
Very truly yours,
/s/ BALLARD SPAHR ANDREWS & INGERSOLL
BALLARD SPAHR ANDREWS & INGERSOLL
