FORM 24F-2
Annual Notice of Securities Sold
Pusuant to Rule 24f-2
________________________________________________________________________________
1. Names and address of issuer:
EVERGREEN TAX-FREE TRUST (formerly FFB FUNDS TRUST)
2500 Westchester Avenue
Purchase, New York 10577
2. Name of each series or class of funds for which this notice is filed:
EVERGREEN NEW JERSEY TAX FREE INCOME FUND
(formerly FFB NEW JERSEY TAX FREE INCOME FUND)
EVERGREEN PENNSYLVANIA TAX FREE MONEY MARKET FUND
(formerly FFB PENNSYLVANIA TAX FREE MONEY MARKET FUND)
FFB U.S. TREASURY FUND
FFB U.S. GOVERNMENT FUND
FFB CASH MANAGEMENT FUND
FFB TAX-FREE MONEY MARKET FUND
FFB EQUITY FUND
FFB 100% U.S. TREASURY FUND
FFB DIVERSIFIED EQUITY FUND
3. Investment Company Act File Number: 811-4510
Securities Act File Number: 33-2010
4. Last day of fiscal year for which this notice is filed:
February 29, 1996
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 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:
3,223,505,922 Shares $3,586,828,192
8. Number and amount of securities registered during the fiscal year other
than pursuant to Rule 24f-2:
NONE
9. Number and aggregate sale price of securities sold during the fiscal year:
Shares Amount
Evergreen New Jersey
Tax-Free Income Fund 1,026,677 $ 11,070,659
Evergreen Pennsylvania Tax-Free
Money Market Fund 179,632,522 179,632,522
FFB U.S. Treasury Fund 2,866,433,548 2,866,433,548
FFB U.S. Government Fund 950,714,493 950,714,493
FFB Cash Management Fund 2,051,749,906 2,051,749,906
FFB Tax-Free Money Market Fund 292,772,289 292,772,289
FFB Equity Fund 440,523 5,497,712
FFB 100% U.S. Treasury Fund 108,661,548 108,661,548
FFB Diversified Equity Fund 2,859,292 29,587,748
-------------- ---------------
TOTAL 6,454,290,798 $6,496,120,425
10. Number and aggregate sale price of securities [*35] sold during the fiscal
year in reliance upon registration pursuant to rule 24f-2:
6,454,290,798 Shares $ 6,496,120,425
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):
Evergreen New Jersey
Tax-Free Income Fund 88,839 $ 959,013
Evergreen Pennsylvania Tax-Free
Money Market Fund 1,766,790 1,766,790
FFB U.S. Treasury Fund 10,574,294 10,574,294
FFB U.S. Government Fund 3,020,756 3,020,756
FFB Cash Management Fund 4,140,233 4,140,233
FFB Tax-Free Money Market Fund 519,450 519,450
FFB Equity Fund 75,944 1,017,259
FFB 100% U.S. Treasury Fund 385,051 385,051
FFB Diversified Equity Fund 49,526 533,457
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TOTAL 20,620,883 $ 22,916,303
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): $ 6,496,120,425
(ii) Aggregate price of shares issued in connection with dividend
reinvestment plans (from Item 11, if applicable): $ 22,916,303
(iii) Aggregate price of shares redeemed or repurchased during the fiscal
year (if applicable):
FFB New Jersey Tax-Free
Income Fund ( 614,448) ($6,620,815)
FFB Pennsylvania Tax-Free
Money Market Fund (137,207,686) (137,207,686)
FFB U.S. Treasury Fund (3,548,789,143) (3,548,789,143)
FFB U.S. Government Fund (1,178,049,705) (1,178,049,705)
FFB Cash Management Fund (2,785,597,355) (2,785,597,355)
FFB Tax-Free Money Market Fund (401,329,658) (401,329,658)
FFB Equity Fund (1,128,296) (15,099,407)
FFB 100% U.S. Treasury Fund (109,047,598) (109,047,598)
FFB Diversified Equity Fund (2,908,819) (31,655,772)
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TOTAL (8,164,672,708) ($8,213,397,139)
(iv) Aggregate price of shares redeemed or repurchased and previously
applied as a reduction to filing fees pursuant to rule 24e-2
(if applicable): N/A
(v) Net aggregate price of securities sold and issued during the fiscal
year in reliance on rule 24f-2 [line (i), plus line (ii), less line
(iii), plus line (iv) (if applicable): ($ 1,694,360,411)
(vi) Multiplier prescibed by Section 6(b) of the Securities Act of 1933 or
other applicable law or regulation (see Instruction C.6): /2900
(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). [x]
Date of mailing or wire transfer of filing fees to the Commission's
lockbox depository: N/A
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) * John J. Pileggi
President & Treasurer
/s/ John J. Pileggi
-------------------------
Date: April 29, 1996
JAMES P. WALLIN, ESQ.
2500 WESTCHESTER AVENUE
Purchase, New York 10577
April 29, 1996
Evergreen Tax-Free Trust
2500 Westchester Avenue
Purchase, New York 10577
Dear Sirs:
Evergreen Tax-Free Trust (formerly FFB Funds Trust), a Massachusetts
business trust (the "Fund"), is filing with the Securities and Exchange
Commission a Rule 24f-2 Notice on Form 24F-2 containing the information
specified in paragraph (b)(1) of Rule 24f-2 under the Investment Company Act of
1940 (the "Rule"). I have been advised that in its Registration Statement on
Form N-1A, the Fund filed the declaration authorized by paragraph (a)(1) of the
Rule to the effect that an indefinite number of shares of beneficial interest of
the Fund (the "Shares") were registered by the Registration Statement. The
effect of the Rule 24f-2 Notice, when accompanied by the filing fee, if any,
payable as prescribed by paragraph (c) of the Rule and by this Opinion, will be
to make definite in number the number of shares of beneficial interest of the
Fund sold by the Evergreen New Jersey Tax Free Income Fund (formerly FFB New
Jersey Tax-Free Income Fund), Evergreen Pennsylvania Tax-Free Money Market Fund
(formerly FFB Pennsylvania Tax-Free Money Market Fund), FFB U.S. Treasury Fund,
FFB U.S. Government Fund, FFB Cash Management Fund, FFB Tax-Free Money Market
Fund, FFB Equity Fund, FFB 100% U.S. Treasury Fund, and FFB Diversified Equity
Fund the ("Series") during the fiscal year ended February 29, 1996 in reliance
upon the Rule (the "Rule 24f-2 Shares").
I have, as counsel, participated in various proceedings relating to the
Fund and to the Rule 24f-2 Shares. I have examined copies, either certified or
otherwise proved to our satisfaction to be genuine, of the Fund's Declaration of
Trust, as now in effect, the minutes of meetings of the Trustees of the Fund and
other documents relating to the organization and operation of the Fund. I have
also reviewed the form of the Rule 24f-2 Notice being filed by the Fund. I am
generally familiar with the business affairs of the Fund.
The Fund has advised me that the Rule 24f-2 Shares were sold in the manner
contemplated by the prospectus of the Fund current at the time of sale, and that
the Rule 24f-2 Shares were sold for a consideration not less than the net asset
value thereof as required by the Investment Company Act of 1940 and not less
than the par value thereof.
Based upon the foregoing, it is my opinion that the Rule 24f-2 Shares were
legally issued and are fully paid and non-assessable. However, I note that as
set forth in the Registration Statement, the Fund's shareholders might, under
certain circumstances, be liable for transactions effected by the Fund.
I hereby consent to the filing of this Opinion with the Securities and
Exchange Commission together with the Rule 24f-2 Notice of the Fund, and to the
filing of this Opinion under the securities laws of any state.
I am a member of the Bar of the State of New York and do not hold myself
out as being conversant with the laws of any jurisdiction other than those of
the United States of America and the State of New York. I note that I am not
licensed to practice law in The Commonwealth of Massachusetts, and to the extent
that any opinion expressed herein involves the law of Massachusetts, such
opinion should be understood to be based solely upon my review of the documents
referred to above, the published statutes of that Commonwealth and, where
applicable, published cases, rules or regulations of regulatory bodies of that
Commonwealth.
Very truly yours,
/s/James P. Wallin
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James P. Wallin
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