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. Please print or type.
1. Name and address of issuer: USAA TAX EXEMPT FUND, INC.
10750 Robert F. McDermott Freeway
San Antonio, Texas 78288
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|
3. Investment Company Act File Number: 811-3333
Securities Act File Number: 2-75093
4(a). Last day of fiscal year for which this Form is filed: March 31, 1999
4(b). Check box if this Form is being filed late (ie., more than 90 calendar
days after the end of issuer's fiscal year). (See Instruction A.2): NOT
APPLICABLE
4(c). Check box if this is the last time the issuer will be filing this Form:
NOT APPLICABLE
5. Calculation of registration fee:
(i) Aggregate sale price of securities
sold during the fiscal year
pursuant to section 24(f): $ 4,810,681,766
(ii) Aggregate price of securities
redeemed or repurchased during
the fiscal year: $ 3,964,832,422
(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
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(iv) Total available redemption credits
[add Items 5(ii) and 5(iii): - $ 3,964,832,422
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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)]: $ 845,849,344
- --------------------------------------------------------------
(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)]: $ 0
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- --------------------------------------------------------------
(vii) Multiplier for determining
registration fee (See Instruction
C.9): x 0.000278
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(viii)Registration fee due [multiply Item
5(v) by Item 5(vii)](enter "0" if no
fee is due): = $ 235,146
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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 rescission of rule
24e-2], then report the amount of securities (number of shares or other
units) deducted here: 8,337,574. 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: n/a
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): + $ n/a
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8. Total of the amount of the registration fee due plus
any interest due [line 5(viii) plus line 7]: = $ 235,146
===============
9. Date the registration fee and any interest payment was sent to the
Commission's lockbox depository: May 19, 1999
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Method of Delivery:
X Wire Transfer
Mail or other means
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)*
------------------------
Sherron Kirk, Treasurer
Date: May 21, 1999
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* Please print the name and title of the signing officer below the
signature.
