U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
1. Name and address of issuer: Seligman Municipal Series Trust
100 Park Avenue
New York, NY 10017
2. Name of each series or class of funds for which this notice is filed:
California High-Yield Series - Class A California High-Yield Series -
Class D California Quality Series - Class A California Quality Series -
Class D Florida Series - Class A Florida Series - Class D North Carolina
Series - Class A North Carolina Series - Class D
3. Investment Company Act File Number: 811-4250
Securities Act File Number: 2-92569
4. Last day of fiscal year for which this notice is filed: 9/30/97
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:
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:
8. Number and amount of securities registered during the fiscal year other
than pursuant to rule 24f-2:
9. Number and aggregate sale price of securities sold during the fiscal
year:
SHARES SALE PRICE
6,537,959 45,126,685
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Securities and Exchange Commission December 11, 1997
Division of Investment Management
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10. Number and aggregate sale price of securities sold during the fiscal year in
reliance upon registration pursuant to rule 24f-2:
SHARES SALE PRICE
6,537,959 45,126,685
11. Number and aggregate sale price of securities issued during the fiscal
year in connection with dividend reinvestment plans, if applicable:
SHARES SALE PRICE
926,635 6,486,580
12. Calculation of registration fee:
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(i) Aggregate sale price of securities sold during the fiscal year in
reliance on rule 24f-2 (from Item 10): $ 45,126,685
(ii) Aggregate price of shares issued in connection with dividend
reinvestment plans (from Item 11): + 6,486,580
(iii) Aggregate price of shares redeemed or repurchased during the fiscal year
(if applicable): - 51,613,265
(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), 0
plus line (iv)}
(vi) Multiplier prescribed by Section 6(b) of the Securities Act of 1933 or
other applicable law or regulation: x 0.000303
(vii) Fee due {line (i) or line (v) multiplied by line (vi)}:
$ 0
</TABLE>
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:
No Fees Due
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)
Thomas G. Rose
Treasurer
Date: November 26, 1997
SELIGMAN MUNICIPAL SERIES TRUST
The undersigned, Treasurer of Seligman Municipal Series Trust, an
un-incorporated business trust under the laws of Massachusetts (the "Company"),
does hereby certify as follows:
1. From October 1, 1996 through September 30, 1997, the Company issued
an aggregate of 7,464,593 shares of Beneficial Interest, $0.001 par value as
follows:
California High-Yield Series 2,027,086
California Quality Series 4,254,600
Florida Series 777,996
North Carolina Series 404,911
2. In respect of the issuance of such 7,464,593 shares, the Company
received aggregate cash consideration (net of any sales commissions) of
$51,283,225 as follows:
California High-Yield Series 13,126,948
California Quality Series 29,011,609
Florida Series 5,939,073
North Carolina Series 3,205,595
3. With respect to each share issued, the Company received cash
consideration not less than the net asset value per share on the date issued and
not less than $0.001.
4. The Declaration of Trust permits the Trustees to issue unlimited
number of full and fractional shares of Beneficial Interest, $0.001 par value,
in separate series.
In Witness Whereof, I have hereunto signed my name as Treasurer of the
Company.
Date: December 11, 1997
----------/s/--------------
Thomas G. Rose
Treasurer
