EDGAR SUBMISSION September 11, 1995
Securities and Exchange Commission
450 Fifth Street, N.W.
Judiciary Plaza
Washington, D.C. 20549
Re: Rule 24f-2 Notice for
The Tax-Exempt Fund of Maryland
1101 Vermont Avenue, N.W.
Washington, D.C. 20005
File Number 33-5270
EDGAR Series 1
Gentlemen:
In accordance with the provisions of Rule 24f-2, The Tax-Exempt Fund of
Maryland hereby files its Rule 24f-2 Notice.
This "Rule 24f-2 Notice" is being filed for the fiscal year ended July 31,
1995 ("Fiscal Year").
No shares of beneficial interest of the Fund, which have been registered
under the Securities Act of 1933 (other than pursuant to Rule 24f-2), remained
unsold at the beginning of the Fiscal Year.
No shares of beneficial interest of the Fund were registered during the
Fiscal Year, other than pursuant to Rule 24f-2.
778,353 shares of benefical interest of the Fund were sold during the
Fiscal Year all in reliance upon the Declaration of the Fund of an indefinite
amount of securities under Rule 24f-2 ("24f-2 Declaration")
Attached to this Rule 24f-2 Notice, and made a part hereof, is an opinion
of counsel indicating that the securities, the registration of which the Notice
makes definite in number, were legally issued, fully paid and non-assessable.
In accordance with subsection (c) of Rule 24f-2, no fee is due. The fee
computation is based upon the actual sale price for which such securities were
sold during the Fiscal Year, reduced by the difference between:
The Tax-Exempt Fund of Maryland
Page 2
(1) The actual aggregate redemption price of the shares
redeemed by the Fund during the Fiscal Year, and
(2) The actual aggregate redemption price of such redeemed
shares previously applied by the Fund pursuant to Rule
24e-2(a) in filings made pursuant to Section 24(e)(1)
of the Investment Company Act of 1940.
Aggregate Sale Price
For Shares Sold During
Fiscal Year in Reliance Upon
the 24f-2 Declarations $11,539,938.00
Reduced By The
Difference Between
(1) Aggregate Redemption
Price of Shares
Redeemed During the
Fiscal Year $14,834,649.00
and,
(2) Aggregate Redemption
Price of Redeemed Shares
Previously Applied By
Fund Pursuant to Rule
24e-2(a) Filings Made
Pursuant to Section
24(e)(1) of Investment
Company Act of 1940 $ .00
Equals $(3,294,711.00)
Divided by 2,900 Equals fee due of $ 0.00
Any questions regarding this matter should be addressed to the undersigned at
the above address.
Sincerely,
Howard L. Kitzmiller
Vice President and
Secretary/Treasurer
HLK/jlf
EDGAR SUBMISSION September 11, 1995
Securities and Exchange Commission
450 Fifth Street, N.W.
Judiciary Plaza
Washington, D.C. 20549
Re: Rule 24f-2 Notice for
The Tax-Exempt Fund of Virginia
1101 Vermont Avenue, N.W.
Washington, D.C. 20005
File Number 33-5270
EDGAR Series 2
Gentlemen:
In accordance with the provisions of Rule 24f-2, The Tax-Exempt Fund of
Virginia hereby files its Rule 24f-2 Notice.
This "Rule 24f-2 Notice" is being filed for the fiscal year ended July 31,
1995 ("Fiscal Year").
No shares of beneficial interest of the Fund, which have been registered
under the Securities Act of 1933 (other than pursuant to Rule 24f-2), remained
unsold at the beginning of the Fiscal Year.
No shares of beneficial interest of the Fund were registered during the
Fiscal Year, other than pursuant to Rule 24f-2.
951,297 shares of beneficial interest of the Fund were sold during the
Fiscal Year all in reliance upon the Declaration of the Fund of an indefinite
amount of securities under Rule 24f-2 ("24f-2 Declaration")
Attached to this Rule 24f-2 Notice, and made a part hereof, is an opinion
of counsel indicating that the securities, the registration of which the Notice
makes definite in number, were legally issued, fully paid and non-assessable.
In accordance with subsection (c) of Rule 24f-2, no fee is due. The fee
computation is based upon the actual sale price for which such securities were
sold during the Fiscal Year, reduced by the difference between:
The Tax-Exempt Fund of Virginia
Page 2
(1) The actual aggregate redemption price of the shares
redeemed by the Fund during the Fiscal Year, and
(2) The actual aggregate redemption price of such redeemed
shares previously applied by the Fund pursuant to Rule
24e-2(a) in filings made pursuant to Section 24(e)(1)
of the Investment Company Act of 1940.
Aggregate Sale Price
For Shares Sold During
Fiscal Year in Reliance Upon
the 24f-2 Declarations $14,430,073.00
Reduced By The
Difference Between
(1) Aggregate Redemption
Price of Shares
Redeemed During the
Fiscal Year $20,619,162.00
and,
(2) Aggregate Redemption
Price of Redeemed Shares
Previously Applied By
Fund Pursuant to Rule
24e-2(a) Filings Made
Pursuant to Section
24(e)(1) of Investment
Company Act of 1940 $ .00
Equals $(6,189,089.00)
Divided by 2,900 Equals fee due of $ 0.00
Any questions regarding this matter should be addressed to the undersigned
at the above address.
Sincerely,
Howard L. Kitzmiller
Vice President and
Secretary/Treasurer
HLK/jlf
September 11, 1995
The Tax-Exempt Fund of Maryland
1101 Vermont Avenue, N.W.
Washington, D.C. 20005
Re: Rule 24f-2 Notice
Dear Sirs:
You have asked for our opinion with respect to the issuance of 778,353 shares
of The Tax-Exempt Fund of Maryland (the "Fund"), a Massachusetts business
trust, during its fiscal year ended July 31, 1995. We have examined and
considered such information as we deemed relevant to this matter, including
certain provisions of the Massachusetts statutes, the Declaration of Trust,
pertinent resolutions adopted by the Fund's trustees, and the Fund's prospectus
dated November 15, 1994. Assuming the price received for the shares complied
with provisions of the Fund's prospectus, it is our opinion that the 778,353
shares sold during the Fund's fiscal year ended July 31, 1995, were legally
issued in accordance with Massachusetts law, fully paid and non-assessable.
We hereby consent to the use of this letter by the Fund in connection with its
Notice filed pursuant to Rule 24f-2 under the Investment Company Act of 1940
for its fiscal year ended July 31, 1995.
Very truly yours,
THOMPSON, O'DONNELL, MARKHAM,
NORTON & HANNON
John Jude O'Donnell
JJO:cmr
September 11, 1995
The Tax-Exempt Fund of Virginia
1101 Vermont Avenue, N.W.
Washington, D.C. 20005
Re: Rule 24f-2 Notice
Dear Sirs:
You have asked for our opinion with respect to the issuance of 951,297 shares
of The Tax-Exempt Fund of Virginia (the "Fund"), a Massachusetts business
trust, during its fiscal year ended July 31, 1995. We have examined and
considered such information as we deemed relevant to this matter, including
certain provisions of the Massachusetts statues, the Declaration of Trust,
pertinent resolutions adopted by the Fund's trustees, and the Funds prospectus
dated November 15, 1994. Assuming the price received for the shares complies
with provisions of the Fund's prospectus, it is our opinion that the 951,297
shares sold during the Fund's fiscal year ended July 31, 1995, were legally
issued in accordance with Massachusetts law, fully paid and non-assessable.
We hereby consent to the use of this letter by the Fund in connection with its
notice filed pursuant to Rule 24f-2 under the Investment Company Act of 1940
for its fiscal year ended July 31, 1995.
Very truly yours,
THOMPSON, O'DONNELL, MARKHAM,
NORTON & HANNON
John Jude O'Donnell
JJO:cmr
