<PAGE>
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
ANNUAL NOTICE OF SECURITIES SOLD
PURSUANT TO RULE 24f-2
Read instructions at end of Form before preparing Form.
- --------------------------------------------------------------------------------
1. Name and address of issuer: EXCELSIOR TAX-EXEMPT FUNDS, INC.
73 TREMONT STREET
BOSTON, MA 02108
- --------------------------------------------------------------------------------
2. 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, check the
box but do not list series or classes): [X]
SEE SCHEDULE "A" ATTACHED
- --------------------------------------------------------------------------------
3. Investment Company Act File Number: 811-4101
Securities Act File Number: 2-93068
- --------------------------------------------------------------------------------
4(a). Last day of fiscal year for which this Form is filed: MARCH 31, 1998
- --------------------------------------------------------------------------------
4(b). [_] Check box if this Form is being filed late (i.e., more than 90 days
after the end of the issuer's fiscal year). (See instruction A.2)
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.
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
5. Calculation of registration fee:
(i) Aggregate sale price of securities sold during
the fiscal year pursuant to section 24f-2:
(See Schedules A & B) $ 4,684,113,308
---------------
(ii) Aggregate price of securities redeemed
or repurchased during the fiscal year:
(See Schedule C) $ 4,261,445,427
-------------
(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: $ N/A
--------
(iv) Total available redemption credits [add Items
5(ii) and 5(iii)]: -$ 4,261,445,427
-------------
(v) Net sales - if Item 5(i) is greater than
Item 5(iv) [subtract Item 5(iv) from
Item 5(i)]: $ 422,667,881
-----------
- --------------------------------------------------------------------------------
(vi) Redemption credits available for use in $ ( N/A)
--------
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 C.9): x .000295
--------
(viii) Registration fee due [multiply Item 5(v) by Item
5(vii)] (enter "0" if no fee is due): =$ 124,687.02
-----------
- --------------------------------------------------------------------------------
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 in effect before October 11, 1997, then report
the amount of securities (number of shares or other units) deducted
here: n/a . 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 are available for use by
the issuer in future fiscal years, then state that number here: n/a .
------
- --------------------------------------------------------------------------------
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):
+$ N/A
---------
- --------------------------------------------------------------------------------
8. Total of the amount of the registration fee due plus any interest due
[line 5(viii) plus line 7]:
=$ 124,687.02
-----------
- --------------------------------------------------------------------------------
<PAGE>
________________________________________________________________________________
9. Date the registration fee and any interest payment was sent to the
Commissions's lockbox depository:
JUNE 25, 1998
Method of Delivery:
[X] Wire Transfer
[_] Mail or other means
________________________________________________________________________________
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/ JOHN M. CORCORAN, ASSISTANT TREASURER
-----------------------------------------
JOHN M. CORCORAN, ASSISTANT TREASURER
-------------------------------------
Date JUNE 25, 1998
-------------
*Please print the name and title of the signing officer below the signature.
<PAGE>
SCHEDULE "A"
------------
Name of each series or class of funds for which this notice is filed:
- ---------------------------------------------------------------------
CLASS A SHARES OF COMMON STOCK, PAR VALUE $.001
CLASS B SHARES OF COMMON STOCK, PAR VALUE $.001
CLASS C SHARES OF COMMON STOCK, PAR VALUE $.001
CLASS D SHARES OF COMMON STOCK, PAR VALUE $.001
CLASS E SHARES OF COMMON STOCK, PAR VALUE $.001
CLASS F SHARES OF COMMON STOCK, PAR VALUE $.001
<PAGE>
SCHEDULE "B"
------------
NUMBER AND AGGREGATE SALE PRICE OF SECURITIES SOLD DURING THE FISCAL
- --------------------------------------------------------------------
YEAR IN RELIANCE UPON REGISTRATION PURSUANT TO RULE 24F-2
- ---------------------------------------------------------
Shares: Price:
------ ------
CLASS A: 4,454,235,468 $ 4,454,235,468
CLASS B: 6,372,050 59,944,634
CLASS C: 6,182,806 61,622,593
CLASS D: 6,677,428 57,944,807
CLASS E: 3,835,056 27,133,029
CLASS F: 2,733,984 19,392,724
------------- ---------------
Total 4,480,036,792 $ 4,680,273,255
============= ===============
<PAGE>
SCHEDULE "C"
------------
NUMBER AND AGGREGATE SALE PRICE OF SECURITIES ISSUED DURING THE FISCAL YEAR IN
- ------------------------------------------------------------------------------
CONNECTION WITH DIVIDEND REINVESTMENT PLANS, IF APPLICABLE:
- ----------------------------------------------------------
Shares : Price:
--------- ------
CLASS A: 1,926,989 $ 1,926,989
CLASS B: 64,384 602,980
CLASS C: 83,665 833,374
CLASS D: 40,167 348,885
CLASS E: 759 5,420
CLASS F: 17,281 122,405
--------- -----------
Total 2,133,245 $ 3,840,053
========= ===========
<PAGE>
SCHEDULE "D"
------------
AGGREGATE PRICE OF SHARES REDEEMED OR REPURCHASED DURING THE FISCAL YEAR, IF
- ----------------------------------------------------------------------------
APPLICABLE:
- ----------
Price:
------
CLASS A: $ 4,129,293,577
CLASS B: 43,387,232
CLASS C: 27,800,219
CLASS D: 33,687,486
CLASS E: 8,604,896
CLASS F: 18,672,017
------------------
Total $ 4,261,445,427
==================
