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File No. 33-02633
SECURITIES AND EXCHANGE COMMISSION
450 Fifth Street, N.W.
Washington, D.C. 20549
RULE 24f-2 NOTICE
For the fiscal year ended June 30, 1995
STEINROE INCOME TRUST
P.O. Box 804058, Chicago, Illinois 60680
Series of the Registrant
Pursuant to Rule 24f-2* Shares Sold During Period
------------------------- -------------------------
SteinRoe Income Fund 6,703,080
SteinRoe Government Income Fund 1,605,888
SteinRoe Intermediate Bond Fund 13,047,043
SteinRoe Cash Reserves 746,505,194
SteinRoe Government Reserves 69,531,847
SteinRoe Limited Maturity Income Fund 1,813,785
All shares were sold in reliance upon Rule 24f-2 under the
Investment Company Act of 1940. No shares of beneficial
interest of any series of the Registrant registered under
the Securities Act of 1933 (other than pursuant to Rule 24f-
2) remained unsold at the beginning of the fiscal year or
were registered during the fiscal year pursuant to Rule 24e-
2.
An opinion of Bell, Boyd & Lloyd is being filed with this
Rule 24f-2 Notice.
---------------------------
*Calculation of Fee
Less Aggregate
Series Aggregate Sales Redemptions Net Sales
--------------------- --------------- --------------- -------------
SteinRoe Income Fund $ 62,500,184.00 ($62,890,341.51) ($390,157.51)
SteinRoe Government
Income Fund 15,151,253.01 (22,280,351.84) (12,129,098.83)
SteinRoe Intermediate
Bond Fund 109,708,277.98 (133,792,666.92) (24,084,388.94)
SteinRoe Cash Reserves 746,505,194.39 (826,224,697.60) (79,719,503.21)
SteinRoe Government
Reserves 69,531,847.34 (85,663,161.82) (16,131,314.48)
SteinRoe Limited
Maturity Income Fund 17,365,476.38 (26,198,518.13) (8,833,041.75)
Registrant's total net sales price for computing fee: -0-
Filing fee (net sales divided by 2900) -0-
SIGNATURE
Pursuant to the requirements of the Investment Company Act
of 1940, the undersigned registrant has caused this report
to be signed on its behalf in the City of Chicago and State
of Illinois this 25th day of August, 1995.
STEINROE INCOME TRUST
By GARY A. ANETSBERGER
Senior Vice-President
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BELL, BOYD & LLOYD
THREE FIRST NATIONAL PLAZA
70 WEST MADISON STREET, SUITE 3300
CHICAGO, ILLINOIS 60602-4207
312 372-1121
FAX 312-372-2098
August 25, 1995
SteinRoe Income Trust
One South Wacker Drive
Chicago, Illinois 60606-4685
Ladies and Gentlemen:
Rule 24f-2 Notice
We have represented SteinRoe Income Trust, a Massachusetts
business trust (Trust), in connection with the filing with the
Securities and Exchange Commission of the Trust's Rule 24f-2
Notice for the fiscal year ended June 30, 1995 pursuant to rule
24f-2 under the Investment Company Act of 1940 (rule 24f-2). In
this connection, we have examined originals, or copies certified
or otherwise identified to our satisfaction, of such documents,
corporate or other records, certificates and other papers as we
deem it necessary to examine for the purpose of this opinion,
including the agreement and declaration of trust and bylaws of
the Trust and resolutions of its board of trustees authorizing
the issuance of shares.
Based upon the foregoing examination, we are of the opinion
that the following shares of beneficial interest, without par
value, of the Trust sold during the 1995 fiscal year in reliance
upon registration pursuant to rule 24f-2 were legally issued,
fully paid and nonassessable (although shareholders of the Trust
may be subject to liability under certain circumstances as
described in the prospectuses of the Trust included in its
registration statement on form N-1A):
Shares Sold
Pursuant to
Series of the Trust Rule 24f-2
SteinRoe Cash Reserves 746,505,194
SteinRoe Government Income Fund 1,605,888
SteinRoe Government Reserves 69,531,847
SteinRoe Income Fund 6,703,080
SteinRoe Intermediate Bond Fund 13,047,043
SteinRoe Limited Maturity Income Fund 1,813,785
We consent to the filing of this opinion with the Trust's
Rule 24f-2 Notice. In giving this consent, we do not admit that
we are in the category of persons whose consent is required under
section 7 of the Securities Act of 1933.
Very truly yours,
BELL, BOYD & LLOYD
