CITIFUNDS TAX FREE RESERVES
24F-2NT, 1998-11-10
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               UNITED STATES                        OMB APPROVAL  
    SECURITIES AND EXCHANGE COMMISSION          OMB Number:  3235-0456
           Washington, D.C. 20549               Expires:  August 31, 2000
                                                Estimated average burden
                                                hours per response...........1
                              
                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:

                    CitiFunds Tax Free Reserves
                    (formerly known as  Landmark Tax Free Reserves)
                    21 Milk Street 5TH Floor
                    Boston, MA   02109


______________________________________________________________________________

2. The name of each series or class of securities for which this Form is filed
(If the Form is being filed for all series and classes of securities of the
issuer, check the box but do not list series or classes):     / /

                   CitiFunds Tax Free Reserves (formerly known
                   as Landmark Tax Free Reserves)


______________________________________________________________________________
3. Investment Company Act File Number: 811-3893

Securities Act File Number: 2-87509


______________________________________________________________________________
4(a). Last day of fiscal year for which this Form is filed: August 31, 1998


______________________________________________________________________________
4(b). / / Check box if this Form is being filed late (i.e., more than 90
        calendar days after the end of the issuer's fiscal year). (See 
        Instruction A.2)

                                   N/A

Note: If the Form is being filed late, interest must be paid on the
registration fee due.
______________________________________________________________________________
4(c). / / Check box if this is the last time the issuer will be filing this
        Form.

                                   N/A




______________________________________________________________________________


<PAGE>


______________________________________________________________________________
5. Calculation of registration fee: 
   (i.) Aggregate sale price of securities
   sold during the $953,303,936 fiscal year 
   pursuant to section 24(f):                                  $953,303,936

(ii.) Aggregate price of securities redeemed 
      or repurchased during the fiscal year:       $861,030,403

(iii.)Aggregate price of securities redeemed 
      or repurchased during any prior fiscal 
      year ending no earlier than October 11, 
      1995 that were not previously used to 
      reduce registration fees payable to the 
      Commission:                                  $------- 

(iv.) Total available redemption credits [add              
      items 5(ii) and 5(iii)]:                                 -$861,030,403 
         

      (v.) Net Sales - if item 5(i) is greater 
           than Item 5(iv) [subtract item 5(iv)
           from item 5(i)]:                                     $92,273,533

     (vi.) Redemption credits available for use     $(-------)
           in future years
           -  If item 5(i) is less than item 
           5(iv) [subtract Item 5(iv) from 
           Item 5(i)]:

     (vii.) Multiplier for determining 
            registration fee (See Instruction                   x 0.000278 
            C.9):

     (viii.) Registration fee due [multiply 
             Item 5(v) by Item 5(vii)] (enter 
             "0" if no fee is due):                                 =$25,652.04

______________________________________________________________________________
6. Prepaid Shares

   If the response to item 5(i) was determined by deducting an amount of
   securities that were registered under the Securities Act of 1933 pursuant to
   rule 24e-2 as in effect before October 11, 1997, then report the amount of
   securities (number of shares or other units) deducted here: 0. If there is a
   number of shares or other units that were registered pursuant to rule 24e-2
   remaining unsold at the end of the fiscal year for which this form is filed
   that available for use by the issuer in future fiscal years, then state that
   number here: 0.

______________________________________________________________________________

7. Interest due - if this Form is being filed more than 90 days after the end
   of the issuer's fiscal year (see instruction D): 
                                                                      +$0

______________________________________________________________________________
8. Total of the amount of the registration fee due plus any interest due 
   [line 5(viii) plus line 7]: 
                                                                 =$25,652.04

______________________________________________________________________________
9. Date the registration fee and any interest payment was sent to the
   Commission's lockbox depository

       Method of Delivery:

                  / /   Wire Transfer on 11/09/98
                  / /   Mail or other means              CIK#0000731762
_____________________________________________________________________________

<PAGE>


                                  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)       John R. Elder, Treasurer

                               John R. Elder, Treasurer

Date 11/10/98 
  Please print the name and title of the signing officer below the signature.



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