U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
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1. Name and address of issuer:
Scudder Tax Free Trust
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Two International Place
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Boston, MA 02110-4103
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2. Name of each series or class of funds for which this notice is filed:
Scudder Limited Term Tax Free Fund
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3. Investment Company Act File Number:
811-3632
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Securities Act File Number:
2-81105
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4. Last day of fiscal year for which this notice is filed:
October 31, 1996
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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:
[ ]
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6. Date of termination of issuer's declaration under Rule 24f-2(a)(1), if applicable (see
Instruction A.6):
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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:
Number: 24,945,600
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Amount: $267,666,288
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8. Number and amount of securities registered during the fiscal year other than pursuant to Rule 24f-2:
Number: 4,295,379
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Amount: $47,034,400
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9. Number and aggregate sale price of securities sold during the fiscal year:
Number: 4,790,986
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Aggregate Sale Price: $57,374,072
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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:
Number: 5,151,836
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Aggregate Sale Price: $55,279,205
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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):
Number: 187,834
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Aggregate Sale Price: $2,249,313
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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): $55,279,205
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(ii) Aggregate price of shares issued in connection with
dividend reinvestment plans (from Item 11, if +$2,249,313
applicable):
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(iii) Aggregate price of shares redeemed or repurchased
during the fiscal year (if applicable): -$57,528,518
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(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
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(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): $0
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(vi) Multiplier prescribed by Section 6(b) of the
Securities Act of 1933 or other applicable law or
regulation (see Instruction C.6): x1/3300
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(vii) Fee due (line (i) or line (v) multiplied by line $0
(vi)):
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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). [ ]
Date of mailing or wire transfer of filing fees to the Commission's lockbox
depository:
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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/Thomas F. McDonough
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Thomas F. McDonough, Secretary
Date: December 24, 1996
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*Please print the name and title of the signing officer below the signature.
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2
Willkie Farr & Gallagher
One Citicorp Center
153 East 53rd Street
New York, NY 10022-4677
December 27, 1996
Scudder Tax Free Trust
Two International Place
Boston, Massachusetts 02110-4103
Re: Rule 24f-2 Notice for Scudder Tax Free Trust (the
"Trust") for Scudder Limited Term Tax Free Fund (the
"Fund")(Securities Act File No. 2-81105; Investment Company
Act File No. 811-3632)
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Ladies and Gentlemen:
The Trust, a Massachusetts business trust, on behalf of the Fund, is filing with
the Securities and Exchange Commission a Rule 24f-2 notice containing the
information specified in paragraph (b)(1) of Rule 24f-2 under the Investment
Company Act of 1940, as amended (the "Rule"). We understand that the Trust has
previously filed a registration statement on Form N-1A (the "Registration
Statement") under the Securities Act of 1933, as amended, adopting the
declaration authorized by paragraph (a)(1) of the Rule to the effect that an
indefinite number of shares of beneficial interest of the Fund (the "Shares")
were being registered by such registration statement. The effect of the Rule
24f-2 notice, when accompanied by the filing fee, if any, payable as prescribed
by paragraph (c) of the Rule and by this opinion, will be to make definite in
number the number of Shares sold by the Fund in reliance upon the Rule (the
"Rule 24f-2 Shares") during the fiscal year ended October 31, 1996.
As to the various questions of fact material to the opinion expressed herein we
have relied upon and assumed the genuineness of the signatures on, the
conformity to originals of, and the authenticity of, all documents, including
but not limited to certificates of officers of the Trust, submitted to us as
originals or copies, which facts we have not independently verified. Capitalized
terms used herein but not otherwise defined have the meanings ascribed to them
in the Registration Statement.
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Scudder Limited Term Tax Free Fund
December 27, 1996
Page 2
On the basis of the foregoing, and assuming compliance with the Securities Act
of 1933, as amended, the Investment Company Act of 1940, as amended, and
applicable state laws regulating the sale of securities, and assuming further
that all of the Rule 24f-2 Shares sold during the fiscal year ended October 31,
1996 were sold in accordance with the terms of the Trust's Prospectus and
Statement of Additional Information in effect at the time of sale at a sales
price in each case no less than the par value of the Rule 24f-2 Shares, we are
of the opinion that such Rule 24f-2 Shares were legally issued, fully paid and
non-assessable by the Trust. We note, however, that shareholders of a
Massachusetts business trust may under certain circumstances be subject to
assessment at the instance of creditors to pay the obligations of such trust in
the event that its assets are insufficient for the purpose.
We are members of the Bar of the State of New York and do not hold ourselves out
as being conversant with the laws of any jurisdiction other than those of the
United States of America and the State of New York. We note that we are not
licensed to practice law in the Commonwealth of Massachusetts, and to the extent
that any opinion expressed herein involves the law of the Commonwealth of
Massachusetts, such opinion should be understood to be based solely upon our
review of the documents referred to above, the published statutes of the
Commonwealth of Massachusetts, and where applicable, published cases, rules or
regulations of regulatory bodies of the Commonwealth of Massachusetts.
We hereby consent to the filing of this opinion with the Securities and Exchange
Commission in connection with the Rule 24f-2 notice.
Very truly yours,
/s/Willkie Farr & Gallagher
