FINAL REPORT September 19, 1995
Securities and Exchange Commission
450 5th Street, N.W.
Washington, D.C. 20549-1004
Re: Rule 24f-2 Notice for The First Trust of Insured Municipal
Bonds, Pennsylvania Trust, Series 003, File No. 2-86779
Gentlemen:
As sponsor of The First Trust of Insured Municipal Bonds,
Pennsylvania Trust, Series 003, we are submitting the information
required by Rule 24f-2 promulgated under the investment Company
Act of 1940, as amended. We also are enclosing the opinion of
counsel specified in paragraph (b)(1)(v) of said Rule. The
filing fee indicated below has been, or will be, sent by wire
transfer to the SEC's account in payment of the fee prescribed by
paragraph (c) of said Rule.
(i) Fiscal year for which notice is filed: Year ended
July 31, 1995
(ii) Number of securities registered other than pursuant to
Rule 24f-2 and remaining unsold at the beginning of the
above fiscal year: 0
(iii) Number of securities registered other than pursuant to
Rule 24f-2 during the above fiscal year: 0
(iv) Number of securities sold during the above fiscal year:
309
(v) Number of securities sold in reliance upon registration
pursuant to Rule 24f-2 during the above fiscal year*:
309
___________________________________
(1) Aggregate sales price to the public
of securities sold in reliance upon
registration pursuant to Rule 24f-2: $58,331.06
(2) Less actual aggregate redemption or
repurchase price of securities during
the fiscal year: $58,399.09
(3) Plus actual aggregate redemption or
repurchase price of securities
previously applied in filings pursuant
to Section 24(e)(1): -0-
$(68.03)
Amount of filing fee computed at one
twenty-ninth of one percent (1/29 of 1%)
of above total: $ -0-
Very truly yours,
Nike Securities L.P.
By
Carlos E. Nardo
Senior Vice President
