NEW ENGLAND CASH
24F-2NT, 1998-09-02
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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.

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1.  Name and address of issuer:

New England Cash Management Trust
399 Boylston Street
Boston, Massachusetts  02116
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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): [X]
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3.  Investment Company Act File Number:  811-2819

Securities Act File Number:   2-68348
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4(a). Last day of fiscal year for which this Form is filed: June 30, 1998
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4(b). [ ] Check box is 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):                                      $1,730,152,298

    (ii)   Aggregate price of securities
           redeemed or repurchased during the
           fiscal year:                          $1,730,152,298

   (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)]:                          $1,730,152,298

     (v)   Net sales - if Item 5(i) is greater
           than Item 5(iv) [subtract Item 5(iv)
           from Item 5(i)]:                                       $   0

    (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)]: ( )

   (vii)   Multiplier for determining registration
           fee (See Instruction C.9):                X  0.000295

  (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: 25,694,161 shares. 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: 326,212,911 shares.


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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/ ROBERT E. O'HARE
                           -------------------------------------
                           Robert E. O'Hare, Assistant Secretary

Date: September 2, 1998

  *PLEASE PRINT THE NAME AND TITLE OF THE SIGNING OFFICER BELOW THE SIGNATURE.



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