SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-1A
--
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 /x/
--
Pre-Effective Amendment No.
-----
Post-Effective Amendment No. 64
-----
and/or
--
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 / /
--
Amendment No.
----
(Check appropriate box or boxes.)
MIDWEST TRUST FILE NO. 2-52242 and 811-2538
- ----------------------------------------------------------------------------
(Exact name of Registrant as Specified in Charter)
312 Walnut Street, 21st Floor, Cincinnati, Ohio 45202
- -------------------------------------------------------------------------
(Address of Principal Executive Offices) Zip Code
Registrant's Telephone Number, including Area Code (513) 629-2000
--------------
Robert H. Leshner, 312 Walnut Street, 21st Floor, Cincinnati, Ohio 45202
- --------------------------------------------------------------------------
(Name and Address of Agent for Service)
It is proposed that this filing will become effective (check appropriate
box)
/X/ immediately upon filing pursuant to paragraph (b)
/ / on (date) pursuant to paragraph (b)
/ / 60 days after filing pursuant to paragraph (a)
/ / on (date) pursuant to paragraph (a) of Rule 485
Registrant registered an indefinite number of shares under the Securities Act of
1933 pursuant to Rule 24f-2 under the Investment Company Act of 1940.
Registrant's Rule 24f-2 Notice for the fiscal year ended September 30, 1995 was
filed with the Commission on November 16, 1995.
TOTAL NUMBER OF PAGES: 4
<PAGE>
Calculation of Registration Fee Under the Securities Act of 1933
Proposed Proposed
Title of Maximum Maximum Amount
Securities Amount Offering Aggregate of Regis-
Being Being Price Per Offering tration
Registered Registered Unit Price Fee
- ---------- ---------- --------- ---------- ---------
Short Term Indefinite* N/A N/A N/A
Government
Income Fund
Short Term 9,129,039** $1.00 $290,000 $100
Government
Income Fund
Institutional Indefinite* N/A N/A N/A
Government
Income Fund
Institutional 9,000,000** $1.00 None None
Government
Income Fund
Intermediate Indefinite* N/A N/A N/A
Term Govern-
ment Income
Fund
Adjustable Rate Indefinite* N/A N/A N/A
U.S. Government
Securities Fund
Global Bond Fund Indefinite* N/A N/A N/A
* Registrant continues its election, made by the filing of its initial
Registration Statement, effective December 29, 1980, to register an
indefinite number and amount of securities under Rule 24f-2 under the
Investment Company Act of 1940. Pursuant to paragraph (b)(1) of Rule
24f-2, Registrant filed on November 16, 1995, a Rule 24f-2 Notice for
the fiscal year ended September 30, 1995.
** Registrant elects to calculate the maximum aggregate offering price of
shares of the Trust pursuant to Rule 24e-2 under the Investment Company
Act of 1940.
<PAGE>
Adjustable
Short Term Institutional Intermediate Rate U.S.
Government Government Term Govern- Government Global
Income Income ment Income Securities Bond
Fund Fund Fund Fund Fund
---------- ------------ ------------ ---------- -------
1. Total Number of 312,723,860 160,298,008 2,677,032 3,571,622 54,821
Shares Redeemed
During Fiscal
Year Ended
Sept. 30, 1995
2. Number of Shares 303,884,821 151,298,008 2,677,032 3,571,622 54,821
Used for Reduc-
tions Pursuant to
Paragraph (c) of
Rule 24f-2 During
the Fiscal
Year Ended
Sept. 30, 1995
3. Number of Shares 8,839,039 9,000,000 None None None
Used for Reductions
in this Amendment
Pursuant to Para-
graph (a)(1) of
Rule 24e-2
4. Number of Shares 290,000 None None None None
on Which Registra-
tion Fee is
Calculated
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 and the
Investment Company Act of 1940, the Registrant certifies that it meets all of
the requirements for effectiveness of this Registration Statement pursuant to
Rule 485(b) under the Securities Act of 1933 and has duly caused this
Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Cincinnati, State of Ohio, on the 29th day of
September, 1996.
MIDWEST TRUST
By: /s/ John F. Splain
-------------------------------
JOHN F. SPLAIN, Attorney-in-Fact
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following persons in the
capacities and on the dates indicated.
/s/ Robert H. Leshner
- --------------------- President
ROBERT H. LESHNER and Trustee September 29, 1996
/s/ Mark J. Seger Treasurer September 29, 1996
- ---------------------
MARK J. SEGER
*DALE P. BROWN Trustee
*GARY W. HELDMAN Trustee By: /s/ John F. Splain
-------------------
JOHN F. SPLAIN
*H. JEROME LERNER Trustee Attorney-in-Fact*
September 29, 1996
*RICHARD A. LIPSEY Trustee
*DONALD J. RAHILLY Trustee
*FRED A. RAPPOPORT Trustee
*OSCAR P. ROBERTSON Trustee
*ROBERT B. SUMEREL Trustee
EXHIBIT INDEX
- -------------
1. Opinion of Counsel
2. Financial Data Schedule - Short Term Government Income Fund
3. Financial Data Schedule - Institutional Government Income Fund
GOODWIN, PROCTER & HOAR LLP
COUNSELLORS AT LAW
EXCHANGE PLACE
BOSTON, MASSACHUSETTS 02109-2881
Telephone (617) 570-1000
Telecopier (617) 523-1231
September 26, 1996
Midwest Trust
312 Walnut Street
Cincinnati, Ohio 45202
Gentlemen:
Re: Midwest Trust - Form N-1A Post-Effective Amendment No. 64
---------------------------------------------------------
As special Massachusetts counsel to Midwest Trust (the "Trust"), we have
been requested to render an opinion in connection with the Trust's filing of
Post-Effective Amendment No. 64 to its Form N-1A Registration Statement (the
"Amendment").
The Amendment recites the registration of 9,129,039 shares of the Trust's
Short Term Government Income Fund and 9,000,000 shares of the Trust's
Institutional Government Income Fund, the fee for which is determined pursuant
to Rule 24e-2 under the Investment Company Act of 1940 (the "Act"), as well as
indefinite numbers of shares of the Trust's Short Term Government Income Fund,
Institutional Government Income Fund, Intermediate Term Government Income Fund,
Adjustable Rate U.S. Government Securities Fund and Global Bond Fund, the fees
for which are to be determined pursuant to Rule 24f-2 under the Act (the shares
referred to in this sentence hereinafter the "Shares").
We have examined the Trust's Restated Agreement and Declaration of Trust
dated August 26, 1993 and subsequent amendments thereto, including an amendment
changing the name of the Trust from "Midwest Income Trust", its Bylaws, a
Certificate of the Secretary of the Trust setting forth authorizing resolutions
adopted by the Trustees of the Trust, and the text of the Amendment.
Based upon the foregoing and assuming that all of the Shares are sold
in accordance with the terms of the respective Prospectuses and Statements of
Additional Information with respect thereto that are in effect at the time of
the respective sales of Shares, including receipt by or for the account of the
Trust of the sales price(s) of the Shares, we are of the opinion that under
Massachusetts law, the law of the jurisdiction in which the Trust is organized,
the Shares will be legally issued, will have been fully paid, and will be
nonassessable by the Trust.
We consent to this opinion being filed as an exhibit to the
Amendment.
Very truly yours,
/s/ Goodwin, Procter & Hoar LLP
Goodwin, Procter & Hoar LLP
<PAGE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000066117
<NAME> MIDWEST TRUST
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<NAME> SHORT TERM GOVERNMENT INCOME FUND
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<PERIOD-START> OCT-1-1995
<PERIOD-END> MAR-31-1996
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<INVESTMENTS-AT-VALUE> 83,410,424
<RECEIVABLES> 5,297,369
<ASSETS-OTHER> 831
<OTHER-ITEMS-ASSETS> 7,137
<TOTAL-ASSETS> 88,715,761
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<ACCUMULATED-NII-CURRENT> 0
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<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,374,925
<OTHER-INCOME> 0
<EXPENSES-NET> 426,085
<NET-INVESTMENT-INCOME> 1,948,840
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<NET-CHANGE-FROM-OPS> 1,948,840
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<DISTRIBUTIONS-OF-GAINS> 2,227
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<NUMBER-OF-SHARES-SOLD> 144,615,313
<NUMBER-OF-SHARES-REDEEMED> 144,974,026
<SHARES-REINVESTED> 1,866,066
<NET-CHANGE-IN-ASSETS> 1,505,126
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<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 206,184
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 426,085
<AVERAGE-NET-ASSETS> 85,965,071
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .023
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<PER-SHARE-DIVIDEND> .023
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<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .99
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<AVG-DEBT-PER-SHARE> 0
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<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000066117
<NAME> MIDWEST TRUST
<SERIES>
<NUMBER> 4
<NAME> INSTITUTIONAL GOVERNMENT INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-START> OCT-1-1995
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 29,052,632
<INVESTMENTS-AT-VALUE> 29,052,632
<RECEIVABLES> 42,222
<ASSETS-OTHER> 632
<OTHER-ITEMS-ASSETS> 3,766
<TOTAL-ASSETS> 29,099,252
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 29,869
<TOTAL-LIABILITIES> 29,869
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 29,095,229
<SHARES-COMMON-STOCK> 29,095,229
<SHARES-COMMON-PRIOR> 36,037,070
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (25,846)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 29,069,383
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 967,274
<OTHER-INCOME> 0
<EXPENSES-NET> 69,495
<NET-INVESTMENT-INCOME> 897,779
<REALIZED-GAINS-CURRENT> 2,594
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 900,373
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 897,779
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 78,678,260
<NUMBER-OF-SHARES-REDEEMED> 86,360,340
<SHARES-REINVESTED> 740,239
<NET-CHANGE-IN-ASSETS> (6,939,247)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (28,440)
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<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 34,736
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 88,016
<AVERAGE-NET-ASSETS> 34,661,034
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .026
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<PER-SHARE-DIVIDEND> .026
<PER-SHARE-DISTRIBUTIONS> 0
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<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .40
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</TABLE>
