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:
Amana Mutual Funds Trust
1300 North State Street
Bellingham, Washington 98225
2. Name of each series or class of funds for which this notice of
filed:
Shares of Beneficial Interest
3. Investment Company Act File Number: 811- 4276
Securities Act File Number: 2-96942
4. Last day of fiscal year for which this notice is filed: May 31,
1997
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):
N/A
7. Number and amount of securities of the same class or series
which had been registered under the Securities Exchange 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:
0
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:
Income Fund: 338,478 shares, $3,573,470
Growth Fund: 497,832 shares, $3,083,797
10. Number and aggregate sale price of securities sold during the
fiscal year in reliance upon registration pursuant to rule
24f-2:
Income Fund: 338,478 shares, $3,573,470
Growth Fund: 497,832 shares, $3,083,797
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):
Income Fund: 34,497 shares, $533,571
Growth Fund: 11,116 shares, $ 71,472
12. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the
fiscal year on rule 24f-2 (from Item 10):
$ 6,657,267
-------------
(ii) Aggregate price of shares issued in connection with
dividend reinvestment plans (from Item 11, if
applicable):
+ 605,043
-------------
(iii) Aggregate price of shares redeemed or repurchased
during the fiscal year (if applicable):
- 4,510,294
-------------
(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):
2,752,016
-----------
(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)]:
$833.94
------------
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). X
_____
Date of mailing or wire transfer of filing fees to the
Commission's lockbox depository: July 23, 1996
SIGNATURES
This report has been signed by the following persons on behalf of
the issuer and in the capacities and on the dates indicated.
By (Signature and Title) /s/ Teresa K. Anderson
____________________________________
Teresa K. Anderson, CMA
Director of Funds and Operations
Date July 23, 1997
______________________
SOMMER & BARNARD
Attorneys at Law * PC
4000 Bank One Tower
111 Monument Circle
Indianapolis, Indiana 46204
Phone: (317) 630-4000
Fax: (317) 236-9802
July 23, 1997
Amana Mutual Funds Trust
c/o Saturna Capital
1300 North State Street
Bellingham, Washington 98225-4730
Re: Rule 24f-2 Notice Filing
Gentlemen:
In accordance with the registration of an indefinite number
of units ("Units") registered by Amana Mutual Funds Trust (the
"Fund"), we have been asked to provide the opinion of counsel
required to be filed by the fund pursuant to Rule 24f-2(b)(1)(v),
to accompany the notice on Form 24F-2 ("Notice") required to be
filed by the Fund pursuant to Rule 24f-2, promulgated pursuant to
Section 24(f) of the Investment Company Act of 1940, as amended.
In rendering this opinion, we have examined such documents
(including the audited financial statements of the Fund as of
May 31, 1997), records and questions of law as we deemed it
necessary to examine for the purpose of this opinion. Based on
that examination and investigation, it is our opinion that the
Units which are the subject of the Notice have been validly
issued, fully paid and are not liable to further assessments.
Very truly yours,
SOMMER & BARNARD, PC
S&B:pas
cc: Ms. Melissa L. Vander Yacht
