U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
<TABLE>
- ---------------------------------------------------------------------------------------------------------------------
<S> <C>
1. Name and address of issuer:
AARP Income Trust
-----------------------------------------------------------------------
Two International Place
-----------------------------------------------------------------------
Boston, MA 02110
-----------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------
2. Name of each series or class of funds for which this notice is filed:
AARP GNMA and U.S. Treasury Fund
-----------------------------------------------------------------------
AARP High Quality Bond Fund
-----------------------------------------------------------------------
-----------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------
3. Investment Company Act File Number:
811-4049
-----------------------------------------------------------------
Securities Act File Number:
2-91577
-----------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------
4. Last day of fiscal year for which this notice is filed:
September 30, 1996
-----------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------
5. Check box if this notice is being filed more than 180 days after the close
of the issuer's fiscal year for purposes of reporting securities sold after
the close of the fiscal year but before termination of the issuer's 24f-2
declaration:
[ ]
- ---------------------------------------------------------------------------------------------------------------------
6. Date of termination of issuer's declaration under Rule 24f-2(a)(1), if applicable (see
Instruction A.6):
------------------
- ---------------------------------------------------------------------------------------------------------------------
7. Number and 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 in a prior fiscal year, but which remained unsold at the beginning of
the fiscal year:
Number: 57,025,800
-----------------------------------------------------------------
Amount: $873,903,277
-----------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------
8. Number and amount of securities registered during the fiscal year other than pursuant to Rule 24f-2:
Number: 53,266,248
-----------------------------------------------------------------
Amount: $789,170,365
-----------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------
9. Number and aggregate sale price of securities sold during the fiscal year:
Number: 26,953,922
-----------------------------------------------------------------
Aggregate Sale Price: $410,143,736
-----------------------------------------------------------------
<PAGE>
- ---------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------
10. Number and aggregate sale price of securities sold during the fiscal year
in reliance upon registration pursuant to Rule 24f-2:
Number: 26,953,922
-----------------------------------------------------------------
Aggregate Sale Price: $410,143,736
-----------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------
11. Number and aggregate sale price of securities issued during the fiscal year
in connection with dividend reinvestment plans, if applicable (see
Instruction B.7):
Number: 14,201,435
-----------------------------------------------------------------
Aggregate Sale Price: $215,197,959
-----------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------
12. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the
fiscal year in reliance on Rule 24f-2 (from Item 10): $410,143,736
------------------------------------------
(ii) Aggregate price of shares issued in connection with
dividend reinvestment plans (from Item 11, if
applicable): +215,197,959
------------------------------------------
(iii) Aggregate price of shares redeemed or repurchased
during the fiscal year (if applicable): -625,341,695
------------------------------------------
(iv) Aggregate price of shares redeemed or repurchased and
previously applied as a reduction to filing fees
pursuant to Rule 24e-2 (if applicable): +0
------------------------------------------
(v) Net aggregate price of securities sold and issued
during the fiscal year in reliance on Rule 24f-2
(line (i), plus line (ii), less line (iii), plus line
(iv)) (if applicable): $0
------------------------------------------
(vi) Multiplier prescribed by Section 6(b) of the
Securities Act of 1933 or other applicable law or
regulation (see Instruction C.6): x 1/3300
------------------------------------------
(vii) Fee due (line (i) or line (v) multiplied by line
(vi)): $0
==========================================
Instruction: Issuers should complete lines (ii), (iii), (iv), and (v) only if the form is being filed within 60
days after the close of the issuer's fiscal year. See Instruction C.3.
- ---------------------------------------------------------------------------------------------------------------------
13. Check box if fees are being remitted to the Commission's lockbox depository as described in
section 3a of the Commission's Rules of Informal and Other Procedures (17 CFR 202.3a). [ ]
Date of mailing or wire transfer of filing fees to the Commission's lockbox
depository:
----------------------------
- ---------------------------------------------------------------------------------------------------------------------
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)*: /s/Thomas F. McDonough
-----------------------------------------------------------------------
Thomas F. McDonough, Secretary
Date: November 27, 1996
-----------------------------------
*Please print the name and title of the signing officer below the signature.
- ---------------------------------------------------------------------------------------------------------------------
</TABLE>
2
LAW OFFICES OF
DECHERT PRICE & RHOADS
TEN POST OFFICE SQUARE - SOUTH
BOSTON, MA 02109-4603
November 26, 1996
AARP Income Trust
Two International Place
Boston, MA 02110
Dear Sirs:
As counsel for AARP Income Trust (the "Fund") during the fiscal year ended
September 30, 1996, we are familiar with the Fund's registration under the
Investment Company Act of 1940 and with the registration statement relating to
its Shares of Beneficial Interest (the "Shares") under the Securities Act of
1933 (File No. 2-91577) (the "Registration Statement"). We have also examined
such other corporate records, agreements, documents and instruments as we deemed
appropriate.
Based upon the foregoing, it is our opinion that the Shares sold at the
public offering price and delivered by the Fund against receipt of the net asset
value of the Shares in compliance with the terms of the Registration Statement
and the requirements of applicable law during the Fund's fiscal year ended
September 30, 1996, were, when sold, duly and validly authorized, legally and
validly issued, and fully paid and non-assessable by the Fund.
We consent to the filing of this opinion in connection with the Notice
pursuant to Rule 24f-2 under the Investment Company Act of 1940 for the fiscal
year ended September 30, 1996 to be filed on behalf of the Fund with the
Securities and Exchange Commission.
Very truly yours,
/s/Dechert Price & Rhoads
