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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
Read instructions at end of Form before
preparing Form. Please print or type.
1. Name and address of issuer: IDS Special Tax-Exempt Series Trust
IDS Tower 10
Minneapolis, MN 55440-0010
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2. Name of each series or class of funds for which this notice is
filed:
Series Class(es) of Shares
IDS Insured Tax-Exempt Fund Each fund has 3 classes:
IDS Massachusetts Tax-Exempt Fund Class A
IDS Michigan Tax-Exempt Fund Class B
IDS Minnesota Tax-Exempt Fund Class Y
IDS New York Tax-Exempt Fund
IDS Ohio Tax-Exempt Fund
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3. Investment Company Act File Number: 811-4647
Securities Act File Number: 33-5102
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4. Last day of fiscal year for which this notice is filed:
June 30, 1997
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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:
[ ]
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6. Date of termination of issuer's declaration under rule 24f-2
(a)(1), if applicable (see instruction A.6):
Not Applicable
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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:
70,239,844
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8. Number and amount of securities registered during the fiscal
year other than pursuant to rule 24f-2: 0
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9. Number and aggregate sale price of securities sold during the
fiscal year: $183,238,408
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10. Number and aggregate sale price of securities sold during the
fiscal year in reliance upon registration pursuant to rule
24f-2: $183,238,408
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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): N/A
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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): $183,238,408
(ii) Aggregate price of shares issued in
connection with dividend reinvestment
plans (from Item 11, if applicable): + 0
(iii) Aggregate price of shares redeemed or
repurchased during the fiscal year
(if applicable): - 239,380,248
(iv) Aggregate price of shares redeemed or
repurchased and previously applied as a
reduction to filing fees pursuant to
rule 24e-2 (if applicable): + (70,239,849)
(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): (126,381,689)
(vi) Multiplier prescribed by Section 6(b)
of the Securities Act of 1933 or other
applicable law or regulation
(see Instruction C.6): x 1/3300
(vii) Fee due [line (i) or line (v) multiplied
by line (vi)]: $ 0
Instruction: Issuers should complete lines (ii), (iii), (iv), and (v) only if
the form is being filed within 60 days after the close of the issuer's fiscal
year. See Instruction C.3.
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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):
[ ]
Date of mailing or wire transfer of filing fees to the Commission's lockbox
depository:
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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 ____________________________
Leslie L. Ogg
Vice President, General Counsel and Secretary
Date: August 21, 1997
EXHIBIT INDEX
(b)(10) OPINION OF COUNSEL
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August 21, 1997
IDS Special Tax-Exempt Series Trust
IDS Tower 10
Minneapolis, Minnesota 55440-0010
Gentlemen:
I have examined the Agreement and Declaration of Trust and the By-Laws of the
Trust and all necessary certificates, permits, minute books, documents and
records of the Trust, and the applicable statutes of the State of Massachusetts,
and it is my opinion:
(a) That the Trust is a business trust duly organized and existing
under the laws of the State of Massachusetts with unlimited
shares of beneficial interest, all of $.01 par value, that
such shares may be issued as full or fractional shares and
that on June 30, 1997, 228,801,852 shares were issued and
outstanding;
(b) That all such authorized shares are, under the laws of the
State of Massachusetts, redeemable as provided in the
Agreement and Declaration of Trust and upon redemption shall
have the status of authorized shares and unissued shares;
(c) That the Trust registered on August 13, 1987 an indefinite
number of shares pursuant to Rule 24f-2 and is herewith filing
a Rule 24f-2 Notice covering the shares sold during its Fiscal
Period ended June 30, 1997; and
(d) That shares which were sold at not less than their par value
and in accordance with applicable federal and state securities
laws were legally issued, fully paid and nonassessable.
I hereby consent that the foregoing opinion may be used in connection with the
Rule 24f-2 Notice.
Very truly yours,
Leslie L. Ogg
Attorney at Law
901 S. Marquette Ave., Suite 2810
Minneapolis, Minnesota 55402-3268