November 14, 1995
Rule 24f-2 Notice for Gradison-McDonald Cash Reserves Trust 1933 Act
Registration No. 2-55297
Pursuant to Rule 24f-2 under the Investment Company Act of 1940, the
registrant, Gradison-McDonald Cash Reserves Trust, hereby advises as follows:
1. The fiscal period for which this notice is filed is the fiscal period
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 remained
unsold at beginning of said year is none.
3. The number of securities registered during said fiscal period other
than pursuant to Rule 24f-2 is 8,252,065 pursuant to Post Effective Amendment
No. 37 effective March 6, l995.
4. The number of securities sold during said period is
5,412,404,275*.
5. The number of securities sold during said fiscal period in reliance
upon registration pursuant to Rule 24f-2 is 5,412,404,275*.
Calculation of Filing Fee
Aggregate Sale
Number of Shares (Redemption) Price
Shares of beneficial
interest, $.01 per share
par value, sold during
the fiscal year ended
September 30, 1995* 5,412,404,275 $5,412,404,275
Shares redeemed during
the fiscal year ended
September 30, 1995 5,244,837,425 5,244,837,425
______________ _____________
Net aggregate sales 167,566,850 167,566,850
Less shares registered
other than pursuant
to Section 24(f) (8,252,065) (8,252,065)
__________ ___________
Unsold balance of
registered shares 159,314,785 159,314,785
___________ ___________
Amount of filing fee at 1/5000
of net aggregate sales price $31,862.96
* Calculation of filing fee does not include an aggregate of
55,329,396 shares issued as dividends.
GRADISON-MCDONALD CASH RESERVES TRUST
|S| Richard M. Wachterman
By: Richard M. Wachterman
Secretary
Gradison Division
McDonald & Company Securities, Inc.
580 Walnut Street
Cincinnati, Ohio 45202
(513) 579-5076
November 14, l995
Gradison-McDonald Cash Reserves Trust
580 Walnut Street
Cincinnati, Ohio 45202
Dear Sir or Madam:
Reference is made to the Notice pursuant to Rule 24f-2 under the
Investment Company Act of l940, as amended, to be filed with the
Securities & Exchange Commission with respect to the shares of
beneficial interest, $.01 per share par value, sold by the Gradison-
McDonald Cash Reserves Trust (the "Trust") during the fiscal year
ended September 30, l995 (such shares are hereinafter referred to
as the "Shares").
I wish to advise you that I have reviewed the Trust's Declaration
of Trust, its By-Laws, the record of proceeding of its
shareholders and trustees from the date of its organization until
the present time, and such other documents and questions of law
as I deem necessary for the purpose of this opinion.
Based upon the foregoing, I am of the opinion that the Trust had
authority to issue the Shares and that, assuming such Shares were
issued pursuant to the terms, provisions and conditions set forth
in the then current Registration Statement of the Trust, under
the Securities Act of l933, as amended, (Registration No. 2-
55297), the Shares were validly issued, fully paid and
nonassessable.
Respectfully submitted,
|S| Richard M. Wachterman
Richard M. Wachterman
General Counsel
