FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24F-2
1. Name and address of issuer: Churchill Cash Reserves Trust, 380
Madison Avenue, Suite 2300, New York, NY 10017
2. Name of each series or class of funds for which this notice is
filed: Not applicable
3. Investment Company Act File Number: 811-4229
Securities Act File Number: 2-95767
4. Last day of fiscal year for which this notice is filed:
September 30, 1995
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 issuers's declaration under rule 24f-
2(a)(1), if applicable: Not 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:
35,060,127
8. Number and amount of securities registered during the fiscal
year other than pursuant to rule 24f-2: 0
9. Number and aggregate sale price of securities sold during the
fiscal year:
Number: 564,447,918
Sale Price: $564,447,918
10. Number and aggregate sale price of securities sold during the
fiscal year in reliance upon registration pursuant to rule
24f-2:
Number: 564,447,918
Sale Price: $564,447,918
11. Number and aggregate sale price of securities issued during the
fiscal year in connection with dividend reinvestment plans, if
applicable:
Number: 2,081
Sale Price: $2,081
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):
$564,447,918
(ii) Aggregate price of shares issued in connection with
dividend reinvestment plans (from Item 11, if
applicable): $2,081
(iii) Aggregate price of shares redeemed or repurchased during
the fiscal year (if applicable): -$564,449,999
(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:
1/29 of 1%
(vii) Fee due [line (i) or line (v) multiplied by line (vi)]:
0
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: Not applicable
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/ Richard F. West, Treasurer
---------------------------
Richard F. West, Treasurer
Date: March 18, 1996