October 17, 1995
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
In re: Rule 24f-2 Notice for Benham California Tax-Free and Municipal Funds
File No. 2-82734
Gentlemen:
1. This Notice is filed for the fiscal year ended August 31, 1995.
2. The number of registrant's shares which had been registered under the
Securities Act of 1933 other than pursuant to 17 CFR Section 270.24f-2,
but which remained unsold at the beginning of the fiscal year ending
August 31, 1995, was zero.
3. The number of said shares registered during said fiscal year, other
than pursuant to Section 270.24f-2, was zero.
4. The number of said shares sold during said fiscal year, other than
pursuant to Section 270.24f-2, was zero.
5. The number of said shares sold during said fiscal year in reliance upon
Section 270.24f-2 was 477,928,540, 317,103,604, 5,354,285, 9,228,445,
7,668,030, 7,088,252, and 6,093,289 for the Tax-Free Money Market,
Municipal Money Market, Tax-Free Short-Term, Tax-Free
Intermediate-Term, Tax-Free Long-Term, Municipal High-Yield and
Tax-Free Insured Funds, respectively. The aggregate value of said
shares was $477,928,540, $317,103,604, $53,916,751, $99,173,262,
$81,414,531, $62,942,479, and $58,413,409 for the Tax-Free Money
Market, Municipal Money Market, Tax-Free Short-Term, Tax-Free
Intermediate-Term, Tax-Free Long-Term, Municipal High-Yield and
Tax-Free Insured Portfolios, respectively.
6. The fee enclosed herewith is $64.01.
***Please note the dollar figure represented within the "REDEEMED-VALUE-USED"
tag is a negative number. The system would not allow us to indicate so.
<PAGE>
Securities and Exchange Commission October 17, 1995
<TABLE>
<CAPTION>
*Calculation of fee pursuant to Section 270.24f-2(c):
Tax-Free Municipal Tax-Free Tax-Free Tax-Free Municipal
Money Money Short- Intermediate Long- High- Tax-Free
Market Market Term -Term Term Yield Insured
Fund Fund Fund Fund Fund Fund Fund
<S> <C> <C> <C> <C> <C> <C> <C>
Aggregate sale price for
securities sold during
fiscal year ended
August 31, 1995....... $466,211,495 310,209,174 50,256,918 83,210,172 69,814,068 58,165,774 51,954,200
Dividends reinvested.. 11,717,045 6,894,430 3,659,833 15,963,090 11,600,463 4,776,705 6,459,209
----------- ----------- --------- ----------- ----------- ---------- -----------
477,928,540 317,103,604 53,916,751 99,173,262 81,414,531 62,942,479 58,413,409
Aggregate redemption price
of such redeemed securities
redeemed during fiscal year
ended August 31, 1995. (434,739,843) (368,979,533) (70,640,061) (136,048,570) (84,059,454) (62,756,859) (72,174,227)
Aggregate redemption price
of redeemed shares
previously applied by Fund
pursuant to Rule
24e-2(a) filings made
pursuant to Section 24(e)(1)
of Investment Company Act
of 1940............... (120,948,647) (11,411,454) 0 0 (29,704,172) 0 (13,474,294)
------------ --------------- ------------ -------------- ------------- ------------- -------------
Difference............ (77,759,950) (63,287,383) (16,723,310) (36,875,308) (32,349,095) 185,620 (27,235,112)
Fee X 1/29 of 1%....$ 0 0 0 0 0 64.01 0
============ ============= ============ =========== ============ =========== ============
Very truly yours,
BENHAM CALIFORNIA TAX-FREE AND MUNICIPAL FUNDS
/s/ Ann McCoid
Ann McCoid
Controller
Enclosure
</TABLE>
<PAGE>
October 24, 1995
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, DC 20549
RE: Benham California Tax-Free and Municipal Funds (the "Trust")
1933 Act File No. 2-82734
1940 Act File No. 811-3706
Opinion and Consent of Counsel Regarding 24f-2 Notice
Ladies and Gentlemen:
I have examined the accompanying 24f-2 Notice for Benham California Tax-Free and
Municipal Funds. It is my opinion that all shares sold by the Trust during the
fiscal year ended August 31, 1995, pursuant to the indefinite registration under
Rule 24f-2 under the Investment Company Act of 1940, were legally issued, fully
paid, and non-assessable when sold.
I hereby consent to the inclusion of this opinion with the filing of the
attached 24f-2 Notice for the fiscal year ended August 31, 1995.
Sincerely,
BENHAM CALIFORNIA TAX-FREE AND MUNICIPAL FUNDS
/s/ Douglas A. Paul
Douglas A. Paul
Vice President, Secretary, and General Counsel
