U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 24F-2
ANNUAL NOTICE OF SECURITIES SOLD
PURSUANT TO RULE 24F-2
1. NAME AND ADDRESS OF ISSUER:
CALVERT TAX-FREE RESERVES
4550 MONTGOMERY AVE., STE. 1000N
BETHESDA, MD 20814
2. NAME OF EACH SERIES OR CLASS OF FUNDS FOR WHICH THIS
NOTICE IS FILED:
MONEY MARKET CLASS O AND INSTITUTIONAL CLASS
LIMITED TERM PORTFOLIO
LONG TERM PORTFOLIO
CALIFORNIA MONEY MARKET PORTFOLIO
VERMONT MUNICIPAL PORTFOLIO
3. INVESTMENT COMPANY ACT FILE NUMBER:
811-3101
SECURITIES ACT FILE NUMBER:
2-69565
4(A). LAST DAY OF FISCAL YEAR FOR WHICH THIS NOTICE IS FILED:
DECEMBER 31, 1999
4(B). CHECK BOX IF THIS NOTICE IS BEING FILED LATE (I.E., MORE
THAN 90 DAYS AFTER THE END OF THE ISSUER'S FISCAL YEAR).
[ ]
NOTE: IF THE FORM IS BEING FILED MORE THAN 90 DAYS AFTER
THE END OF THE ISSUER'S FISCAL YEAR, 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.
[ ]
5. CALCULATION OF REGISTRATION FEE:
(I). AGGREGATE SALE PRICE OF SECUR-
ITIES SOLD DURING THE FISCAL YEAR
PURSUANT TO SECTION 24(F): $5,817,384,001.00
(II). AGGREGATE PRICE OF SECURITIES
REDEEMED OR REPURCHASED
DURING THE FISCAL YEAR: -$5,897,412,510.00
(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: -$0.00
(IV). TOTAL AVAILABLE REDEMPTION CREDITS
[ADD ITEMS 5(II) AND 5(III)]: -$5,897,412,510.00
(V). NET SALES -- IF ITEM 5(I) IS
GREATER THAN ITEM 5(IV)
[SUBTRACT ITEM 5(IV) FROM ITEM 5(I)]: -$80,028,509.00
(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)]: -$80,028,509.00
(VII). MULTIPLIER FOR DETERMINING REGISTRATION
FEE (SEE INSTUCTION C.8): X .000264
(VIII). REGISTRATION FEE DUE [MULTIPLY ITEM
5(V) BY ITEM 5(VII)] (ENTER "0" IF
NO FEE IS DUE): =$0.00
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6. PREPAID SHARES
IF THE RESPONSE TO ITEM 5(I) WAS DETERMINED BY DEDUCTING AN
AMOUNT OF SECURITIES THAT WERE REGISTERED UNDER THE SECURITIES
ACT OF 1933 PURSUANT TO RULE 24E-2 AS IN EFFECT BEFORE [EFFECTIVE
DATE OF RESCISISON OF RULE 243-2], THEN REPORT THE AMOUNT OF
SECURITIES (NUMBER OF SHARES OR OTHER UNITS) DEDUCTED HERE: _______.
IF THERE IS A NUMBER OF SHARES OR OTHER UNITS THAT WERE REGISTERED
PURSUANT TO RULE 24E-2 REMAINING UNSOLD AT THE END OF THE FISCAL
YEAR FOR WHICH THIS FORM IS FILED THAT ARE AVAILABLE FOR USE BY THE
ISSUER IN FUTURE FISCAL YEARS, THEN STATE THAT NUMBER HERE:________.
7. INTEREST DUE - IF THIS FORM IS BEING FILED MORE THAN 90 DAYS
AFTER THE END OF THE ISSUER'S FISCAL YEAR
+$
8. TOTAL OF THE AMOUNT OF THE REGISTRATION FEE DUE PLUS ANY
INTEREST DUE [LINE 5(VIII) PLUS LINE7]:
=$
9. DATE OF REGISTRATION FEE AND ANY INTEREST PAYMENT WAS SENT TO THE
COMMISSION'S LOCKBOX
DEPOSITORY: N/A
METHOD OF DELIVERY:
[ ] WIRE TRANSFER
[ ] MAIL OR OTHER MEANS
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SIGNATURES
THIS REPORT HAS BEEN SIGNED BELOW BY THE FOLLOWING PERSON ON
BEHALF OF THE ISSUER AND IN THE CAPACITY AND ON THE DATE
INDICATED.
BY (SIGNATURE AND TITLE)* WILLIAM M. TARTIKOFF
/S/ WILLIAM M. TARTIKOFF
GENERAL COUNSEL
DATE: MARCH 29, 2000
*PLEASE PRINT THE NAME AND TITLE OF THE SIGNING OFFICER BELOW THE
SIGNATURE.
