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: Gradison-McDonald Cash Reserves Trust
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: 811-2618
Securities Act File Number: 2-55297
4(a). Last day of fiscal year for which this Form is filed:
September 30, l998
4(b). ___ Check box if 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.
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 securities sold during the
fiscal year pursuant to section 24(f): $ 9,305,660,501
(ii) Aggregate price of securities redeemed or
repurchased during the fiscal year: $8,981,894,940
(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 Item 5(iii)): $ 8,981,894,940
(v) Net sales - If Item 5(i) is greater than Item 5(iv)
[subtract Item 5(iv) from Item 5(i)]: $ 323,765,561
(vi) Redemption credits available for use in $ ( 0 )
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 .000278
(viii) Registration fee due [multiply Item 5(v) by Item
5(vii)] (enter "0" if no fee is due): = $ 90,006.83
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: _______. 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 (see Instruction D):
+$_______
8. Total of the amount of the registration fee due plus any interest due
[line 5(viii) plus line 7]:
=$ 90,006.83
9. Date the registration fee and any interest payment was sent to the
Commission's lockbox depository: December 17, l998.
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)* /S/ Mark A. Frietch
Assistant Treasurer
Date: December 18, 1998
