December 24, 1996
U.S. Securities and Exchange Commission
Attn: Filing Desk
450 5th Street, N.W.
Washington, DC 20549
RE: Rule 24(f)-2 Notice for Astra Strategic Investment Series
File No. 2-19659
Dear Gentlemen and Ladies:
Pursuant to Rule 24(f)-2 of the Investment Company Act of 1940, the above
referenced Fund hereby files the following:
1. Rule 24(f)-2 Notice; and
2. Opinion of Counsel.
We will obtain confirmation of this filing via our CompuServe account,
72741,733. If there are any questions on this filing I can be reached at
(302) 791-2919.
Very Truly Yours,
Wendy McGee
Legal Assistant
Enclosures
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: Astra Strategic Investment Series
Symphony Towers
750 B. Street, Suite 2350
San Diego, CA 92101
2. Name of each series or class of funds for which this notice is filed:
Astra Adjustable US Government Securities Trust I
Astra Adjustable US Government Securities Trust 1-A
Astra Adjustable US Government Securities Trust II
Astra Adjustable US Government Securities Trust III
Astra Adjustable US Government Securities Trust IV
Astra Adjustable Rate Securities Trust I
Astra Adjustable Rate Securities Trust 1-A
Astra Adjustable Rate Securities Trust II
Astra Adjustable Rate Securities Trust III
Astra Adjustable Rate Securities Trust IV
3. Investment Company Act File Number: 811-38
Securities Act File Number: 2-19659
4. Last day of fiscal year for which this notice is filed: 10/31/96
5. Check box if this notice is being filed more than 180 days after the
close of the issuer's fiscal year for purposes of reporting securities
sold after the close of the fiscal year but before termination of
the issuer's 24f-2 declaration:
[ ]
6. Date of termination of issuer's declaration under rule 24f-2(a)(1),
if applicable: N\A
7. Number and amount of securities of the same class or series which had been
registered under the Securities Act of 1933 other than pursuant to rule
24f-2 in a prior fiscal year, but which remained unsold at the beginning
of the fiscal year: None
8. Number and amount of securities registered during the fiscal year other
than pursuant to rule 24f-2:
Number: 93,190,325
Amount: $529,206,717
9. Number and aggregate sale price of securities sold during the fiscal year:
Number: 161,504
Amount: $901,099
10. Number and aggregate sale price of securities sold during the fiscal year
in reliance upon registration pursuant to rule 24f-2:
Number: 0
Amount: $ 0
11. Number and aggregate sale price of securities issued during the fiscal year
in connection with dividend reinvestment plans, if applicable:
Number: 724,652
Amount: $3,646,315
12. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the
fiscal year in reliance on rule 24f-2 (from Item 10): $ 0
(ii) Aggregate price of shares issued in connection with
dividend reinvestment plans (from Item 11, if applicable): + 3,646,315
(iii) Aggregate price of shares redeemed or repurchased
during the fiscal year (if applicable): - 101,656,569
(iv) Aggregate price of shares redeemed or repurchased
and previously applied as a reduction to filing fees
pursuant to rule 24e-2 (if applicable): + 0
(v) Net aggregate price of securities sold and issued
during the fiscal year in reliance on rule 24f-2
[line (i), plus line (ii), less line (iii),
plus line (iv)] (if applicable): $ (98,010,254)
(vi) Multiplier prescribed by Section 6(b) of the
Securities Act of 1933 or other applicable law or
regulation: / 3300
(vii) Fee due [line (i) or line (v) multiplied by
line (vi)]: $ 0
13. Check box if fees are being remitted to the Commission's lockbox
depository as described in section 3a of the Commission's Rules of
Informal and Other Procedures (17 CFR 202.3a).
[ ]
Date of mailing or wire transfer of filing fees to the Commission's lockbox
depository:
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: /s/John Elerding
John Elerding
Secretary
Date: December 23, 1996
JORDEN BURT BERENSON & JOHNSON LLP
Suite 400 East
1025 Thomas Jefferson Street, N.W.
Washington, DC 20007
December 23, 1996
Astra Strategic Investment Series
750 B Street, Suite 2350
San Diego, California 92101
Re: Astra Strategic Investment Series
Registration No 2-19659
Ladies and Gentlemen:
This opinion is furnished in connection with Rule 24f-2 under the
Investment Company Act of 1940 (the "1940 Act"). We understand that,
pursuant to Rule 24f-2 under the 1940 Act, Astra Strategic Investment
Series (the "Trust") has registered an indefinite number of shares of
beneficial interest of the Trust having no par value (the "Shares"), under
the Securities Act of 1933. We further understand that, pursuant to the
provisions of Rule 24f-2, the Trust is filing with the Securities and
Exchange Commission (the "SEC") the Notice attached hereto making definite
the registration of the Shares sold in reliance upon Rule 24f-2 during the
fiscal year ended October 31, 1996.
In connection with rendering this opinion, we have reviewed certain
documents with respect to the Trust, including the Trust's Amended and
Restated Declaration of Trust, Bylaws, minutes provided to us by the Trust,
certain agreements provided to us by the Trust, and such other documents as
we have deemed necessary and appropriate. We have assumed that all such
documents are in full force and effect and have not been rescinded or
modified. We have assumed the genuineness of all signatures and the
authenticity of all documents submitted to us as originals and the
conformity to original documents of all documents submitted to us as
certified or photostatic copies. We have assumed, without independent
investigation or verification, the accuracy of all facts set forth in
certificates executed by public officials and authorized representatives
of the Trust and the accuracy of all facts set forth in oral or written
statements made to us.
We have assumed the validity of all Trust actions represented to us as
having been taken. We have also assumed substantial compliance by the
Trust and its representatives with all applicable legal requirements to
the extent necessary to validate the actions taken or intended to be taken
in connection with the authorization, issuance, classification, designation,
and other Trust actions with respect to the Shares described below. This
opinion is issued as of the date hereof and is necessarily limited by laws
now in effect and facts and circumstances presently brought to our attention
and is subject to any change in law or facts reported or occurring
subsequent to the date hereof.
Based upon and subject to the foregoing, we are of the opinion that the
Shares which are subject of the Notice filed with the SEC today, were
legally issued, fully paid and nonassessable.
We consent to the filing of this opinion with the Notice. This opinion is
rendered solely in connection with the Trust's Rule 24f-2 Notice dated
December 23, 1996, and may not be relied upon for any other purposes without
our written consent first had and obtained.
Very truly yours,
/s/JORDEN BURT BERENSON & JOHNSON LLP
JORDEN BURT BERENSON & JOHNSON LLP
