<PAGE> 1
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D. C. 20549
November 14, 1995
Rule 24F-2 Notice for
Cardinal Government Securities Trust
1933 Act registration number 2-67040
Pursuant to Rule 24f-2 under the Investment Company Act of 1940, the
registrant, Cardinal Government Securities Trust, hereby advises as follows:
1. The fiscal year for which this notice is filed is the year ended
September 30, 1995.
2. The number of securities of the same class registered under the
Securities Act of 1933 other than pursuant to Rule 24f-2 which
remain unsold at the beginning of said fiscal year is none.
3. The number of such securities registered during said fiscal year
other than pursuant to Rule 24f-2 is 46,558,264.
4. The number of such securities sold during said fiscal year is
1,052,265,662. *
5. The number of such securities sold during said fiscal year in
reliance upon registration pursuant to Rule 24f-2 is 1,005,707,398. *
* Calculation of filing fee does not include 19,567,048 shares issued in
reinvestment of dividends.
<TABLE>
<CAPTION>
Number Aggregate
of shares sales price
------------ -------------
<S> <C> <C>
Shares of Beneficial Interest,
par value $.01 per share, sold
during the fiscal year ended
September 30, 1995 1,005,707,398 $1,005,707,398
Aggregate Redemption Price of
Shares of Beneficial Interest
redeemed during the fiscal year
ended September 30, 1995 (993,975,623) ($993,975,623)
Aggregate Redemption Price
previously applied pursuant to
Rule 24e-2(a) 0 $0
</TABLE>
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Cardinal Government Securities Trust 24f-2 Notice (continued)
<TABLE>
<CAPTION>
Number Aggregate
of shares sales price
------------ --------------
<S> <C> <C>
Net Aggregate Sales Price 11,731,775 $11,731,775
Amount of filing fee at 1/50 of
one percent of Aggregate Net
Sales Price $ 2,346.36
</TABLE>
Cardinal Government Securities Trust
By /s/ J.M. Schrack
-----------------------------------
J. M. Schrack, Treasurer
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BAKER & HOSTETLER
65 East State Street, Suite 2100
Columbus, Ohio 43215-4260
(614) 228-1541
November 15, 1995
Cardinal Government Securities Trust
115 East Broad Street
Columbus, Ohio 43215
Subject: Rule 24f-2 Notice dated November 14, 1995 --
--------------------------------------------
Cardinal Government Securities Trust
------------------------------------
Ladies and Gentlemen:
In connection with the registration by Cardinal Government Securities
Trust (the "Trust") under the Securities Act of 1933 of an indefinite number of
shares of beneficial interest, $.01 par value, it is our opinion that the
1,005,707,398 shares of beneficial interest, $.01 par value, of the Trust made
definite by the above-captioned Notice were legally issued, fully paid and
non-assessable, assuming that such shares of beneficial interest were issued
for the consideration described in the Trust's Registration Statement on Form
N-1A, as the same may be amended from time to time.
Sincerely,
/s/ Baker & Hostetler
BAKER & HOSTETLER
