SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
RULE 24f-2 NOTICE
FOR
Smith Barney Shearson New York Municipals Fund Inc.
(Name of Registrant)
Two World Trade Center, New York, New York 10048
(Address of principal executive offices)
Common Stock $0.01 Par Value
(Title of securities with respect to which Notice is filed)
File No. 2-87001
The following information is required pursuant to Rule 24f-2(b) (1):
(i) Period for which Notice is filed:
January 1, 1993 through December 31, 1993
(ii) Number or 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 but which remain unsold at the beginning of such fiscal year:
214,557 shares
$3,553,064
Of these shares, 214,557 are being used to reduce the registration fee with
respect to this Rule 24f-2 Notice, leaving no shares unsold.
(iii) Number or amount of securities, if any, registered
during such fiscal year other than pursuant to Rule 24f-2:
None
(iv) Number and amount of securities sold during such
fiscal year*:
10,412,365 shares
$188,687,853
(v) Number and Amount of securities sold during such
fiscal year in reliance upon registration pursuant to Rule 24f-2*:
10,197,808 shares
$185,134,789
An opinion of counsel with respect to the legality of the above shares
accompanies this Notice.
Dated: February 25, 1994
Smith Barney Shearson New York Municipals Fund
Inc.
By: /s/ Vincent Nave
Vincent Nave, Treasure
* Excludes shares issued upon reinvestment of dividends.
(1) The actual aggregate sales price for which such securities
were sold was $185,134,789. During the fiscal year ended December 31, 1993,
the actual aggregate redemption price of securities of the same class redeemed
by the Registrant was $74,795,279. No portion of such aggregate redemption
price has been applied by the Registrant pursuant to Rule 24e-2(a) in a filing
make pursuant to Section 24(e) (1) of the Investment Company Act of 1940, as
amended. Pursuant to Rule 24f-2 (c) the registration fee with respect to the
securities sold is calculated as follows: $185,134,789 - $74,795,279 =
$110,339,510 x $.00034483 = $38,048.37.
g:/shared/domestic/clients/shearson/funds/nymu/24f2
February 25, 1994
Smith Barney Shearson New York Municipals Fund Inc.
Two World Trade Center
New York, New York 10048
RE: Rule 24f-2 Notice
Gentlemen:
In connection with the filing by Smith Barney Shearson New York
Municipals Fund Inc., a Maryland Corporation (the "Fund"), of a Notice (the
"Notice") pursuant to Rule 24f-2 under the Investment Company Act of 1940, as
amended (the "1940 Act") , for the Fund's fiscal year ended December 31, 1993,
you have requested that the undersigned provide the legal opinion required by
that Rule.
In accordance with Rule 24f-2 (the "Rule"), the Fund has registered an
indefinite number of shares of common stock, $0.01 par value, under the
Securities Act of 1933, as amended (the "1933 Act"). The purpose of the
Notice is to make definite the registration of 10,197,808 shares of the Fund
(the "Shares") sold in reliance upon the Rule during the fiscal year ended
December 31, 1993.
The undersigned is Vice President and Associate General Counsel of The
Boston Company Advisors, Inc., the Fund's administrator, and in such capacity,
from time to time and for certain purposes, acts as counsel to the Fund. I
have examined copies of the Fund's Articles of Incorporation , its By-Laws,
resolutions adopted by its Board of Directors, and such other records and
documents as I have deemed necessary for purposes of this opinion.
Furthermore, I have examined a Certificate of the Treasurer of the Fund to the
effect that the Fund received the cash consideration for each of the Shares in
accordance with the aforementioned charter documents and resolutions.
On the basis of the foregoing, and assuming all of the Shares were sold
in accordance with the terms of the Fund's Prospectus in effect at the time of
sale, I am of the opinion that the Shares have been duly authorized and
validly issued and are fully paid and non-assessable. This opinion is for the
limited purposes expressed above and should not be deemed to be an expression
of opinion as to compliance with the 1933 Act, the 1940 Act or applicable
State "blue sky" laws in connection with the sales of the Shares.
Very truly yours,
/s/ Lee D. Augsburger
Lee D. Augsburger
Vice President and
Associate General Counsel
