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.
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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
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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): / /
New York Municipal Trust Series 1
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3. Investment Company Act File Number: 811-2868
Securities Act File Number: 2-62505
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4(a). Last day of fiscal year for which this Form is filed: December 31, 1998
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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.
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4(c)./ / Check box if this is the last time the issuer will be filing this Form.
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5. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the fiscal year
pursuant to section 24(f): $ 0
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(ii) Aggregate price of securities redeemed or repurchased during
the fiscal year: $19,443.74
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(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: $ 1,948
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(iv) Total available redemption credits [add items 5(ii) and 5(iii)]:
$21,391.74
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(v) Net sales -- if Item 5(i) is greater than Item 5(iv) [subtract Item
5(iv) from Item 5(i)]:
$ 0
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(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)]:
$(21,391.74)
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(vii) Multiplier for determining registration fee (See Instruction C.9):
x .000278
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(viii) Registration fee due [multiply Item 5(v) by Item 5(vii)] (enter "0"
if no fee is due):
=$ 0
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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: 360 . 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: 761.
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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
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8. Total of the amount of the registration fee due plus any interest
due [line 5(viii) plus line 7]:
=$ 0
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9. Date the registration fee and any interest payment was sent to the Commission's lockbox
depository:
Method of Delivery:
/ / Wire Transfer
/ / Mail or other means
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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
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Peter J. DeMarco, Executive Vice President
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Date: March 29, 1999
*Please print the name and title of the signing officer below the signature.
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