STEIN ROE MUNICIPAL TRUST
24F-2NT, 1999-09-28
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  Rule 24f-2 Notice
 Stein Roe Municipal Trust
 File #2-99356



1.       Stein Roe Municipal Trust
         One Financial Center
         Boston, MA 02111

2.       Name of each series or class of funds for
         which this notice is filed:


         Stein Roe High Yield Municipal Fund, Stein Roe Intermediate
Municipals Fund, Stein Roe Managed Municipals Fund,
Stein Roe Municipal Money Market Fund


3.       Investment Company Act File #      811-4367

         Securities Act File Number #       2-99356

4.       Last day of fiscal year for which this notice
         is filed:                                  6/30/99

5.       Calculation of registration fee:

(i)        Aggregate sale price of securities sold during the
           fiscal year pursuant to section 24(f):       $ 366,652,428.45

(ii)       Aggregate price of securities redeemed or
           repurchased during the fiscal year:        $ 447,845,601.83

(iii)    Aggregate price of shares 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:                    $0.00

(iv)       Total available redemption credits:  $ 447,845,601.83

(v)        Net sales:                                      $0.00
(vi)       Redemption credits available for use in future
           years:                                   $81,193,173.38

(vii)    Multiplier for determining registration fee:   0.000278

(viii)Registration fee due:               $0.00



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 as in effect before
         October 11, 1997, then report the amount of
         securities(number of shares or other units)
         deducted here:                                   0
         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:           0

7.       Interest due -- if this form is being filed more
         than 90 days after the end of the issuer s fiscal
         year:                                         0



8.       Total of the amount of the registration fee due
         plus any interest due:                            0

9.       Date the registration fee and any interest payment
         was sent to the Commission s lockbox depository:     09/27/99

         Method of Payment:                                   Wire Transfer


         This report has been signed below by the following
         persons on behalf of the issuer and in the
         capacities and on the date indicated.




                                                    By ________________________
                                                           Gail Knudsen
                                                          Vice President
September 27, 1999


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