Securities and Exchange Commission
Washington, D.C. 20549
Rule 24f-2 Notice
for
REICH & TANG GOVERNMENT SECURITIES TRUST
600 Fifth Avenue
New York, New York 10020
under the
Investment Company Act of 1940
Form N-1A File No. 33-1696
(i) Fiscal year for which this Notice is filed:
March 1, 1994 to February 28, 1995
(ii) Number or amount of securities of the same class or series, if any,
which had been registered under the Securities Act of 1933 other than
pursuant to Rule 24f-2 under the Investment Company Act of 1940 but
which remained unsold at the beginning of such fiscal year:
None
(iii) Number or amount of securities, if any, registered during such fiscal
year other than pursuant to Rule 24f-2:
206,114.408
(iv) Number or amount of securities sold during such fiscal year:
378,276.570 shares*
(v) Number or amount of securities sold during such fiscal year in reliance
upon Rule 24f-2:
172,162.162
Exhibit: Opinion of Messrs. Battle Fowler LLP
- --------------------------------------------
* The filing fee of $ -0- is calculated in accordance with Rule 24f-2(c) and
Section 6(b) of the Securities Act of 1933 and based on the following: the
actual aggregate sales price of the 378,276.570 shares sold during such fiscal
year in reliance upon Rule 24f-2 was $3,810,650.73; the actual aggregate dollar
amount of shares redeemed during the fiscal year was $11,790,748.71, none of
which were previously used for reduction in filings made pursuant to Rule
24e-2(a) and $3,810,650.73 of which are being so used for reduction pursuant t
this Rule 24f-2 Notice.
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SIGNATURE
Pursuant to the requirements of Rule 24f-2, Reich & Tang Government
Securities Trust has duly caused this Rule 24f-2 Notice to be signed on its
behalf by the undersigned, thereunto duly authorized, in the City of New York
and State of New York, on this 27th day of April, 1995.
REICH & TANG GOVERNMENT SECURITIES TRUST
By:/s/Steven W. Duff
Steven W. Duff
Executive Vice President
BATTLE FOWLER LLP
75 East 55th Street
New York, New York 10022
April 28, 1995
Reich & Tang Government Securities Trust
600 Fifth Avenue
New York, New York 10020
Gentlemen:
We have acted as counsel to Reich & Tang Government Securities Trust, a
Massachusetts Business Trust (the "Fund"), in connection with the preparation
and filing of Registration Statement No. 33-1696 on Form N-1A pursuant to Rule
24e-2 of the Securities Act of 1933 registering the issuance of (the
"Registration Statement") 319,802.489 shares of beneficial interest, par value
$.01 per share, of the Fund.
We have examined copies of the Declaration of Trust and By-Laws of the
Fund, the Registration Statement, and such other corporate records, proceedings
and documents, including the consent of the Board of Trustees and the minutes of
the meeting of the Board of Trustees of the Fund, as we have deemed necessary
for the purpose of this opinion. We have also examined such other documents,
papers, statutes and authorities as we deemed necessary to form a basis for the
opinion hereinafter expressed. In our examination of such material, we have
assumed the genuineness of all signatures and the conformity to original
documents of all copies submitted to us. As to various questions of fact
material to such opinion, we have relied upon statements and certificates of
officers and representatives of the Fund and others.
Based upon the foregoing, we are of the opinion that the 319,802.489
shares of Common Stock, par value $.01 per share, of the Fund, to be issued in
accordance with the terms of the offering, as set forth in the Prospectus and
Statement of Additional Information included as part of the Registration
Statement and in accordance with applicable state securities laws, when so
issued and paid for, will constitute validly authorized and legally issued
shares of Common Stock, fully paid and non-assessable.
We hereby consent to the filing of this opinion as an exhibit to the
Registration Statement and to the reference to us in the Registration Statement
under the heading "Federal Income Taxes" in the Prospectus and in the Statement
of Additional Information, and under the heading "Counsel and Auditors" in the
Statement of Additional Information.
Very truly yours,
BATTLE FOWLER LLP
