SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
RULE 24f-2 NOTICE
USAA INVESTMENT TRUST
(Name of Registrant)
10750 Robert F. McDermott Freeway
San Antonio, Texas 78288
(Location of principal executive offices)
Cornerstone Fund
Gold Fund
International Fund
Balanced Portfolio Fund
GNMA Trust
Treasury Money Market Trust
World Growth Fund
Emerging Markets Fund
(Title of securities with respect to which Notice is filed)
File No. 2-91069
1. Notice filed for fiscal year: May 31, 1995
2. Number 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 remained unsold at the beginning of such
fiscal year: NONE
3. Amount of securities, if any, registered during such fiscal
year other than pursuant to Rule 24f-2: NONE
4. Amount of securities sold during such fiscal year:
Cornerstone Fund Gold Fund International Fund
Shares 7,272,038 Shares 13,346,154 Shares 16,275,076
Amount $158,793,512 Amount $115,671,603 Amount $258,402,056
Treasury Money
Balanced Portfolio Fund GNMA Trust Market Trust
Shares 1,448,995 Shares 5,021,928 Shares 74,528,044
Amount $ 17,722,580 Amount $ 49,043,516 Amount $74,528,044
World Growth Fund Emerging Markets Fund
Shares 8,523,785 Shares 2,812,481
Amount $107,155,693 Amount $25,966,710
5. Number and amount of securities sold during such fiscal year
in reliance upon registration pursuant to Rule 24f-2:
Cornerstone Fund Gold Fund International Fund
Shares 7,272,038 Shares 13,346,154 Shares 16,275,076
Amount $158,793,512 Amount $115,671,603 Amount $258,402,056
Treasury Money
Balanced Portfolio Fund GNMA Trust Market Trust
Shares 1,448,995 Shares 5,021,928 Shares 74,528,044
Amount $ 17,722,580 Amount $ 49,043,516 Amount $ 74,528,044
World Growth Fund Emerging Markets Fund
Shares 8,523,785 Shares 2,812,481
Amount $107,155,693 Amount $ 25,966,710
The actual aggregate sales price for which such securities were
sold for each series was:
Cornerstone Fund Gold Fund International Fund
Amount $158,793,512 Amount $115,671,603 Amount $258,402,056
Treasury Money
Balanced Portfolio Fund GNMA Trust Market Trust
Amount $ 17,722,580 Amount $ 49,043,516 Amount $ 74,528,044
World Growth Fund Emerging Markets Fund
Amount $107,155,693 Amount $ 25,966,710
During the fiscal year ended May 31, 1995, the actual aggregate
redemption price of securities of the same series redeemed by the
Registrant was:
Cornerstone Fund Gold Fund International Fund
Amount $150,382,802 Amount $136,551,541 Amount $ 99,034,150
Treasury Money
Balanced Portfolio Fund GNMA Trust Market Trust
Amount $ 23,628,823 Amount $ 64,465,492 Amount $ 46,837,649
World Growth Fund Emerging Markets Fund
Amount $ 56,812,253 Amount $ 4,257,474
No portion of such aggregate redemption price (each series) has
been applied by the Registrant pursuant to Rule 24e-2(a) in a
filing made pursuant to Section 24(e)(1) of the Investment
Company Act of 1940.
Pursuant to Rule 24f-2(c), the registration fee with respect to
the securities sold is calculated as follows:
Sales Redemptions
Cornerstone Fund $158,793,512 $150,382,802
Gold Fund 115,671,603 136,551,541
International Fund 258,402,056 99,034,150
Balanced Portfolio Fund 17,722,580 23,628,823
GNMA Trust 49,043,516 64,465,492
Treasury Money Market Trust 74,528,044 46,837,649
World Growth Fund 107,155,693 56,812,253
Emerging Markets 25,966,710 4,257,474
$807,283,714 - $581,970,184 = $225,313,530/2,900
= $77,694.32
Based on the calculations above, a wire in the amount of
$77,694.32 will be transferred on July 18, 1995.
6. The required opinion of counsel follows.
DATED: July 19, 1995 USAA INVESTMENT TRUST
BY: SHERRON KIRK
TREASURER
July 11, 1995
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Rule 24f-2 Notice for USAA Investment Trust -
1933 Act File No. 2-91069
Gentlemen:
As counsel to USAA Investment Trust (the "Trust"), we have been
requested to render this opinion in connection with the filing by the Trust
of a Rule 24f-2 Notice (the "Notice") with respect to its fiscal year ended
May 31, 1995.
Reference is made to paragraph 5 of the Notice wherein the Trust
reports the number of shares (the "Shares") representing interests in the
Cornerstone Fund, Gold Fund, International Fund, Balanced Portfolio Fund,
GNMA Trust, Treasury Money Market Trust, World Growth Fund and Emerging
Markets Fund series of the Trust sold during the period ended May 31, 1995
in reliance upon Rule 24f-2 under the Investment Company Act of 1940, as
amended.
We have examined the Trust's Master Trust Agreement dated May 9, 1984,
as amended through May 31, 1995, the By-Laws of the Trust, as amended
through May 31, 1995, the Notice, certain resolutions adopted by the
Trustees of the Trust, and such other documents as we deemed necessary for
purposes of this opinion.
Based upon the foregoing, and assuming that all of the Shares were
sold, issued and paid for in accordance with the terms of the applicable
Prospectus and Statement of Additional Information contained in the Trust's
Registration Statement on Form N-1A in effect at the time of sale, in our
opinion the Shares were legally issued and are fully paid and non-
assessable by the Trust.
Very truly yours,
GOODWIN, PROCTER & HOAR
