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U.S. 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:
SUMMIT INVESTORS PLANS
11 GREENWAY PLAZA, SUITE 1919
HOUSTON, TEXAS 77046-1173
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2. Name of each series or class of funds for which this notice is filed:
SUMMIT INVESTORS PLANS
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3. Investment Company Act File Number: 811-3444
Securities Act File Number: 2-76910
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4. Last day of fiscal year for which this notice is filed: OCTOBER 31, 1995
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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 (see Instruction A.6):
________________________________________________________________________________
7. Number and amount of securities of the same class or series which had been
registered under the Securities Act of 1933 other than puruant to rule 24f-2 in
a prior fiscal year, but which remained unsold at the beginning of the fiscal
year:
________________________________________________________________________________
8. Number and amount of securities registered during the fiscal year other
than pursuant to rule 24f-2:
________________________________________________________________________________
9. Number and aggregate sale price of securities sold during the fiscal year:
$128,430,174.60
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10. Number and aggregate sale price of securities sold during the fiscal year
in reliance upon registration pursuant to rule 24f-2:
$128,430,174.60
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11. Number and aggregate sale price of securities issued during the fiscal
year in connection with dividend reinvestment plans, if applicable (see
Instruction B.7):
________________________________________________________________________________
12. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the
fiscal year in reliance of rule 24f-2 (from
Item 10): $128,430,174.60
_______________
(ii) Aggregate price of shares issued in connection with
dividend reinvestment plan (from Item 11, if
applicable): +
_______________
(iii) Aggregate price of shares redeemed or repurchased
during the fiscal year (if applicable): - 88,857,131.40
_______________
(iv) Aggregate price of shares redeemed or repurchased
and previously applied as a reduction to filing
fees pursuant to rule 24e-2 (if applicable): +
_______________
(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): 39,573,043.20
_______________
(vi) Multiplier prescribed by Section 6(b) of the
Securities Act of 1933 or other applicable law or
regulation (see Instruction C.6): x 1/2900
_______________
(vii) Fee due [line (i) or line (v) multiplied by line
(vi)]: $ 13,645.88
_______________
Instruction: Issuers should complete lines (ii), (iii), (iv), and (v) only
if the form is being filed within 60 days after the close of the issuer's
fiscal year. See instruction C.3.
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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).
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Date of mailing or wire transfer of filing fees to the Commission's lockbox
depository: 12-21-95
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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/ Mary J. Benson
____________________________________________________
Mary J. Benson, Assistant Treasurer
____________________________________________________
Date December 22, 1995
____________________
* Please print the name and title of the signing officer below the signature.
________________________________________________________________________________
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LETTERHEAD OF BALLARD SPAHR ANDREWS & INGERSOLL
December 21, 1995
A I M Distributors, Inc.
Eleven Greenway Plaza
Suite 1919
Houston, Texas 77046
Re: Rule 24f-2 Notice - Summit Investors Plans
(Securities Act File No. 2-76910)
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Gentlemen:
We have acted as counsel to A I M Distributors, Inc. ("AIM"),
a Delaware corporation, in its capacity as sponsor of Summit Investors Plans
("Summit"), a unit investment trust registered with the Securities and Exchange
Commission under the Investment Company Act of 1940 ("1940 Act").
AIM has requested our opinion as to the legality of periodic
payment plan certificates ("Certificates") which were issued by Summit during
its fiscal year ended October 31, 1995. We have been informed by Summit that
Certificates in the aggregate face amount of $128,430,174.60 were issued from
time to time during the fiscal year ended October 31, 1995 under Prospectuses
included as part of Summit's Registration Statement on Form S-6, Securities Act
File No. 2-76910.
In connection with giving our opinion, we have examined the
form of Certificate, that certain Custodian Agreement, as amended and restated
on June 1, 1983 ("Custodian Agreement"), between AIM and State Street Bank and
Trust Company (the "Custodian") and originals or copies, certified or otherwise
identified to our satisfaction, of such other documents, records or other
instruments as we have deemed necessary or advisable for purposes of this
opinion. As to various questions of fact material to our opinion, we have
relied upon information provided by officers of AIM.
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A I M Distributors, Inc.
December 21, 1995
Page 2
Based on the foregoing, we are of the opinion that the
Certificates issued by Summit during its fiscal year ended October 31, 1995
were, when issued in the manner described in the Prospectuses referred to above
and when executed by AIM and the Custodian in accordance with their respective
terms, legally issued, fully paid and non-assessable, subject to their
respective terms.
Very truly yours,
/s/ BALLARD SPAHR ANDREWS & INGERSOLL
BALLARD SPAHR ANDREWS & INGERSOLL
