SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
RULE 24f-2 NOTICE
for
NUVEEN CALIFORNIA TAX-FREE FUND, INC.
File Number 33-1971
California Tax-Free Value Fund, Class R
Rule 24f-2(b)(1) under the Investment Company Act of 1940 ("1940 Act").
(i) Fiscal year for which notice is filed:
February 28, 1995 (fiscal year end)
(ii) The amount of shares of the same series, if any, which had been
registered under the Securities Act of 1933 ("1933 Act") other than pursuant
to Rule 24f-2 but which remained unsold at the beginning of such fiscal year:
$ - 0 -
(iii) The amount of shares, if any, registered during such fiscal year
other than pursuant to Rule 24f-2:
$ - 0 -
(iv) The amount of shares sold during such fiscal year:
$ 33,434,399
(v) The amount of shares sold during such fiscal year in reliance upon
registration pursuant to Rule 24f-2*:
$ 33,434,399
* Computation of Fee pursuant to Section 6(b) of the 1933 Act
and Rule 24f-2(c) under the 1940 Act:
1. Actual aggregate sale price for which such shares were sold during
the previous fiscal year:
$ 33,434,399
2. Actual aggregate redemption price of such
shares redeemed during such previous fiscal year: ($31,154,367)
3. Actual aggregate redemption price of such
redeemed shares previously applied pursuant to
Section 24e-2(a) under the 1940 Act: ($ -0- )
4. Net Adjustment to aggregate sale price:
($31,154,367)
5. Aggregate sale price to be used as basis computation of fee:
$ 2,280,032
6. Fee of .034483% (.00034483)
$ 786.22
page 1 of 8
California Tax-Free Value Fund, Class A
Rule 24f-2(b)(1) under the Investment Company Act of 1940 ("1940 Act").
(i) Fiscal year for which notice is filed:
February 28, 1995 (fiscal year end)
(ii) The amount of shares of the same series, if any, which had been
registered under the Securities Act of 1933 ("1933 Act") other than pursuant
to Rule 24f-2 but which remained unsold at the beginning of such fiscal year:
$ - 0 -
(iii) The amount of shares, if any, registered during such fiscal year
other than pursuant to Rule 24f-2:
$ - 0 -
(iv) The amount of shares sold during such fiscal year:
$ 3,171,712
(v) The amount of shares sold during such fiscal year in reliance upon
registration pursuant to Rule 24f-2*:
$ 3,171,712
* Computation of Fee pursuant to Section 6(b) of the 1933 Act
and Rule 24f-2(c) under the 1940 Act:
1. Actual aggregate sale price for which such shares were sold during
the previous fiscal year:
$ 3,171,712
2. Actual aggregate redemption price of such
shares redeemed during such previous fiscal year: ($117,370)
3. Actual aggregate redemption price of such
redeemed shares previously applied pursuant to
Section 24e-2(a) under the 1940 Act: ($ -0- )
4. Net Adjustment to aggregate sale price:
($117,370)
5. Aggregate sale price to be used as basis computation of fee:
$ 3,054,342
6. Fee of .034483% (.00034483)
$ 1,053.23
page 2 of 8
California Tax-Free Value Fund, Class C
Rule 24f-2(b)(1) under the Investment Company Act of 1940 ("1940 Act").
(i) Fiscal year for which notice is filed:
February 28, 1995 (fiscal year end)
(ii) The amount of shares of the same series, if any, which had been
registered under the Securities Act of 1933 ("1933 Act") other than pursuant
to Rule 24f-2 but which remained unsold at the beginning of such fiscal year:
$ - 0 -
(iii) The amount of shares, if any, registered during such fiscal year
other than pursuant to Rule 24f-2:
$ - 0 -
(iv) The amount of shares sold during such fiscal year:
$ 191,658
(v) The amount of shares sold during such fiscal year in reliance
upon registration pursuant to Rule 24f-2*:
$ 191,658
* Computation of Fee pursuant to Section 6(b) of the 1933 Act
and Rule 24f-2(c) under the 1940 Act:
1. Actual aggregate sale price for which such shares were sold during
the previous fiscal year:
$ 191,658
2. Actual aggregate redemption price of such
shares redeemed during such previous fiscal year: ($ 1,036)
3. Actual aggregate redemption price of such
redeemed shares previously applied pursuant to
Section 24e-2(a) under the 1940 Act: ($ -0- )
4. Net Adjustment to aggregate sale price:
($1,036)
5. Aggregate sale price to be used as basis computation of fee:
$ 190,622
6. Fee of .034483% (.00034483)
$ 65.73
page 3 of 8
California Insured Tax-Free Value Fund, Class R
Rule 24f-2(b)(1) under the Investment Company Act of 1940 ("1940 Act").
(i) Fiscal year for which notice is filed:
February 28, 1995 (fiscal year end)
(ii) The amount of shares of the same series, if any, which had been
registered under the Securities Act of 1933 ("1933 Act") other than pursuant
to Rule 24f-2 but which remained unsold at the beginning of such fiscal year:
$ - 0 -
(iii) The amount of shares, if any, registered during such fiscal year
other than pursuant to Rule 24f-2:
$ - 0 -
(iv) The amount of shares sold during such fiscal year:
$ 28,589,635
(v) The amount of shares sold during such fiscal year in reliance upon
registration pursuant to Rule 24f-2*:
$ 28,589,635
* Computation of Fee pursuant to Section 6(b) of the 1933 Act
and Rule 24f-2(c) under the 1940 Act:
1. Actual aggregate sale price for which such shares were sold during
the previous fiscal year:
$ 28,589,635
2. Actual aggregate redemption price of such
shares redeemed during such previous fiscal year: ($ 29,032,260 )
3. Actual aggregate redemption price of such
redeemed shares previously applied pursuant to
Section 24e-2(a) under the 1940 Act: ($ -0- )
4. Net Adjustment to aggregate sale price:
($29,032,260)
5. Aggregate sale price to be used as basis computation of fee:
($ 442,625 )
6. Fee of .034483% (.00034483)
$ 0.00
page 4 of 8
California Insured Tax-Free Value Fund, Class A
Rule 24f-2(b)(1) under the Investment Company Act of 1940 ("1940 Act").
(i) Fiscal year for which notice is filed:
February 28, 1995 (fiscal year end)
(ii) The amount of shares of the same series, if any, which had been
registered under the Securities Act of 1933 ("1933 Act") other than pursuant
to Rule 24f-2 but which remained unsold at the beginning of such fiscal year:
$ - 0 -
(iii) The amount of shares, if any, registered during such fiscal year
other than pursuant to Rule 24f-2:
$ - 0 -
(iv) The amount of shares sold during such fiscal year:
$ 4,595,544
(v) The amount of shares sold during such fiscal year in reliance upon
registration pursuant to Rule 24f-2*:
$ 4,595,544
* Computation of Fee pursuant to Section 6(b) of the 1933 Act
and Rule 24f-2(c) under the 1940 Act:
1. Actual aggregate sale price for which such shares were sold during
the previous fiscal year:
$ 4,595,544
2. Actual aggregate redemption price of such
shares redeemed during such previous fiscal year: ($ 71,333 )
3. Actual aggregate redemption price of such
redeemed shares previously applied pursuant to
Section 24e-2(a) under the 1940 Act: ($ -0- )
4. Net Adjustment to aggregate sale price:
($71,333)
5. Aggregate sale price to be used as basis computation of fee:
$ 4,524,211
6. Fee of .034483% (.00034483)
$ 1,560.08
page 5 of 8
California Insured Tax-Free Value Fund, Class C
Rule 24f-2(b)(1) under the Investment Company Act of 1940 ("1940 Act").
(i) Fiscal year for which notice is filed:
February 28, 1995 (fiscal year end)
(ii) The amount of shares of the same series, if any, which had been
registered under the Securities Act of 1933 ("1933 Act") other than pursuant
to Rule 24f-2 but which remained unsold at the beginning of such fiscal year:
$ - 0 -
(iii) The amount of shares, if any, registered during such fiscal year
other than pursuant to Rule 24f-2:
$ - 0 -
(iv) The amount of shares sold during such fiscal year:
$ 279,546
(v) The amount of shares sold during such fiscal year in reliance upon
registration pursuant to Rule 24f-2*:
$ 279,546
* Computation of Fee pursuant to Section 6(b) of the 1933 Act
and Rule 24f-2(c) under the 1940 Act:
1. Actual aggregate sale price for which such shares were sold during
the previous fiscal year:
$ 279,546
2. Actual aggregate redemption price of such
shares redeemed during such previous fiscal year: ($68,234)
3. Actual aggregate redemption price of such
redeemed shares previously applied pursuant to
Section 24e-2(a) under the 1940 Act: ($0.00)
4. Net Adjustment to aggregate sale price:
($68,234)
5. Aggregate sale price to be used as basis computation of fee:
$ 211,312
6. Fee of .034483% (.00034483)
$ 72.87
page 6 of 8
California Tax-Free Money Market Fund
Rule 24f-2(b)(1) under the Investment Company Act of 1940 ("1940 Act").
(i) Fiscal year for which notice is filed:
February 28, 1995 (fiscal year end)
(ii) The amount of shares of the same series, if any, which had been
registered under the Securities Act of 1933 ("1933 Act") other than pursuant
to Rule 24f-2 but which remained unsold at the beginning of such fiscal year:
$ - 0 -
(iii) The amount of shares, if any, registered during such fiscal year
other than pursuant to Rule 24f-2:
$ 54,992,919
(iv) The amount of shares sold during such fiscal year:
$ 573,943,926
(v) The amount of shares sold during such fiscal year in reliance upon
registration pursuant to Rule 24f-2*:
$ 518,951,007
* Computation of Fee pursuant to Section 6(b) of the 1933 Act
and Rule 24f-2(c) under the 1940 Act:
1. Actual aggregate sale price for which such shares were sold during
the previous fiscal year:
$ 518,951,007
2. Actual aggregate redemption price of such
shares redeemed during such previous fiscal year: ($ 934,159,888)
3. Actual aggregate redemption price of such
redeemed shares previously applied pursuant to
Section 24e-2(a) under the 1940 Act: ($ -0- )
4. Net Adjustment to aggregate sale price:
($934,159,888)
5. Aggregate sale price to be used as basis computation of fee:
($415,208,881)
6. Fee of .034483% (.00034483)
$ 0.00
page 7 of 8
SIGNATURE
The undersigned Registrant has duly caused this Rule 24f-2 Notice to be
signed on its behalf by the undersigned in the City of Chicago, State of
Illinois.
Dated: April 24, 1995 NUVEEN CALIFORNIA TAX-FREE FUND, INC.
(name of registrant)
By:
Gifford R. Zimmerman
Vice President and Assistant Secretary
Exhibit: Opinion of Counsel
page 8 of 8
SIGNATURE
The undersigned Registrant has duly caused this Rule 24f-2 Notice to be
signed on its behalf by the undersigned in the City of Chicago, State of
Illinois.
Dated: April 24, 1995 NUVEEN CALIFORNIA TAX-FREE FUND, INC.
(name of registrant)
By: /s/ Gifford R. Zimmerman
Gifford R. Zimmerman
Vice President and Assistant Secretary
Exhibit: Opinion of Counsel
page 8 of 8
April 20, 1995
Nuveen California Tax-Free Fund, Inc.
333 West Wacker Drive
Chicago, Illinois 60606
RE: Rule 24f-2 Notice
Ladies and Gentlemen:
We have acted as counsel to Nuveen California Tax-Free Fund, Inc., a Maryland
corporation (the "Fund"), in connection with the Fund's registration,
pursuant to Rule 24f-2 under the Investment Company Act of 1940, as amended,
of an indefinite number of its Nuveen California Tax-Free Value Fund, Series
A Shares; Nuveen California Tax-Free Value Fund, Series C Shares; Nuveen
California Tax-Free Value Fund, Series R Shares; Nuveen California
Insured Tax-Free Value Fund, Series A Shares; Nuveen California Insured
Tax-Free Value Fund, Series C Shares; Nuveen California Insured Tax-Free
Value Fund, Series R Shares; Nuveen California Tax-Free Money Market Fund,
Service Plan Series Shares; Nuveen California Tax-Free Money Market Fund,
Distribution Plan Series Shares; and Nuveen California Tax-Free Money
Market Fund, Institutional Series Shares, par value $.01 (each a class
of the Fund's common stock sold pursuant to Rule 24f-2 during the Fund's
fiscal year ended February 28, 1995) (collectively, the "Shares"), under
the Securities Act of 1933, as amended. We understand that, pursuant to
such Rule 24f-2, the Fund proposes to file a notice (the "Notice") with
the Securities and Exchange Commission with respect to the fiscal year
ended February 28, 1995, in order to make definite in number the
registration of the Shares in the aggregate amount of $589,213,501.
This opinion is being delivered to you in connection with the Fund's
filing of such Notice.
In connection with this opinion, we have reviewed, among other things,
executed copies of the following documents:
(a) a certificate of the Maryland State Department of Assessments and
Taxation (the "Department") as to the existence and good standing of
the Fund;
(b) copies, certified by the Department; of the Fund's Charter and of all
amendments and all supplements thereto (the "Charter");
(c) a certificate executed by Karen L. Healy, the Assistant Secretary of the
Fund, certifying as to, and attaching copies of, the Fund's Charter,
By-Laws, as amended (the "By-Laws") and certain resolutions adopted by
the Board of Directors of the Fund authorizing the issuance of the
Shares covered by the Notice; and
(d) a certificate executed by H. William Stabenow, the Treasurer of the Fund,
certifying as to, among other things, the issuance of the Shares in
accordance with the Fund's Charter and By-Laws and as to the receipt by
the Fund of the net asset value of the Shares covered by the Notice.
In our capacity as counsel to the Fund, we have examined the originals, or
certified, conformed or reproduced copies, of all records, agreements,
instruments and documents as we have deemed relevant or necessary as
the basis for the opinion hereinafter expressed. In all such examinations,
we have assumed the legal capacity of all natural persons executing
documents, the genuineness of all signatures, the authenticity of all
original or certified copies, and the conformity to original or certified
copies of all copies submitted to us as conformed or reproduced copies.
As to various questions of fact relevant to such opinion, we have relied
upon, and assume the accuracy of, certificates and oral or written statements
of public officials and officers or representatives of the Fund.
Based upon, and subject to, the limitations set forth herein, we are of the
opinion that the Shares covered by the Notice, when issued, were validly
and legally issued and fully paid and nonassessable under the laws of the
State of Maryland.
This opinion expressed herein is limited to the laws of the State of Maryland.
As to matters of Maryland law covered thereby, we have relied solely upon
the opinion of Venable, Baetjer and Howard, LLP, addressed to us and dated
April 20, 1995.
Very truly yours,
FRIED, FRANK, HARRIS, SHRIVER & JACOBSON
Thomas S. Harman
