File No. 33-5270
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-1A
REGISTRATION STATEMENT
under
THE SECURITIES ACT OF 1933
POST-EFFECTIVE AMENDMENT NO. 10
THE AMERICAN FUNDS TAX-EXEMPT SERIES I
(Exact name of registrant as specified in charter)
1101 Vermont Avenue, N.W., Washington, D.C. 20005
(Address of Principal Executive Offices)
Registrant's Telephone Number, Including Area Code:
(202)842-5665
Stephen Hartwell
Washington Management Corporation
1101 Vermont Avenue, N.W., Washington, D.C. 20005
(Name and address of agent for service)
COPIES TO:
John Jude O'Donnell, Esq.
Thompson, O'Donnell, Markham, Norton & Hannon
805 Fifteenth Street, N.W.
Washington, D.C. 20005
(Counsel for the Registrant)
The Registrant has filed a declaration pursuant to Rule 24f-2 registering an
indefinite number of shares of each series under the Securities Act of 1933.
On September 11, 1995, it filed its 24f-2 Notice for fiscal 1995.
CALCULATION OF REGISTRATION FEE - The Tax-Exempt Fund of Maryland: Series 1
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
Title of class Amount Proposed Proposed Amount of
of securities being maximum maximum registration
being registered offering price aggregate fee
registered per share offering price
Shares of 227,580 $16.07* $ 3,657,211** $ 125
Beneficial
Interest
</TABLE>
* Public offering price on August 29, 1995.
** The calculation of the maximum aggregate offering price is made pursuant to
Rule 24e-2. The total amount of securities redeemed or repurchased during the
previous fiscal year ended July 31, 1995, was $14,834,649. $11,539,938 of
shares was used for reductions pursuant to paragraph (c) of Rule 24f-2 during
the fiscal year ended July 31, 1995. $3,294,711 of shares is the amount of the
redeemed shares used for the reduction in this amendment.
/X/ It is proposed that this filing will become effective immediately, pursuant
to paragraph (b) of Rule 485.
CALCULATION OF REGISTRATION FEE - The Tax-Exempt Fund of Virginia: Series 2
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
Title of class Amount Proposed Proposed Amount of
of securities being maximum maximum registration
being registered offering price aggregate fee
registered per share offering price
Shares of 395,389 $16.57* $ 6,551,589** $ 125
Beneficial
Interest
</TABLE>
* Public offering price on August 29, 1995.
** The calculation of the maximum aggregate offering price is made pursuant to
Rule 24e-2. The total amount of securities redeemed or repurchased during the
previous fiscal year ended July 31, 1995, was $20,619,162. $14,430,073 of
shares was used for reductions pursuant to paragraph (c) of Rule 24f-2 during
the fiscal year ended July 31, 1995. $6,189,089 of shares is the amount of the
redeemed shares used for the reduction in this amendment.
/X/ It is proposed that this filing will become effective immediately, pursuant
to paragraph (b) of Rule 485.
SIGNATURE OF REGISTRANT
Pursuant to the requirements of the Securities Act of 1933 and the Investment
Company Act of 1940, the Registrant certifies that it meets all of the
requirements for effectiveness of this Registration Statement pursuant to Rule
485(b) under the Securities Act of 1933 and has duly caused this amended
Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Washington, District of Columbia, on the 11th
day of September 1995.
THE AMERICAN FUNDS TAX-EXEMPT SERIES I
By
(Stephen Hartwell, Chairman of the Board)
Pursuant to the requirements of the Securities Act of 1933, this amendment to
registration statement has been signed below on September 11,1995, by the
following persons in the capacities indicated.
SIGNATURE TITLE
(1) Principal Executive Officer:
Harry J. Lister* President
(2) Principal Financial Officer and
Principal Accounting Officer:
Howard L. Kitzmiller Vice President, Secretary and Treasurer
(3) Trustees:
Stephen Hartwell Chairman of the Board
James H. Lemon, Jr.* Vice Chairman of the Board
Harry J. Lister* President and Trustee
Cyrus A. Ansary* Trustee
Frank M. Ewing* Trustee
Jean Head Sisco* Trustee
T. Eugene Smith* Trustee
Stephen G. Yeonas* Trustee
*By
Howard L. Kitzmiller, Attorney-in-Fact
Counsel reports that the Amendment does not contain disclosures that would
render the Amendment ineligible for effectiveness under the provisions of Rule
485 (b).
Howard L. Kitzmiller
September 11, 1995
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: The American Funds Tax-Exempt Series I (the "Trust") -
Post-Effective Amendment No. 10, File No. 33-5270
Gentlemen:
As counsel to the Trust, I represent pursuant to Rule 485(e) under the
Securities Act of 1933 (the "Act") that the Trust's Post-Effective Amendment
No. 10 to its Registration Statement under the Act does not contain disclosures
which would render it ineligible to become effective pursuant to paragraph (b)
of that Rule.
Very truly yours,
THOMPSON, O'DONNELL, MARKHAM,
NORTON & HANNON
John Jude O'Donnell
JJO:cmr
September 11, 1995
The American Funds Tax-Exempt Series I
1101 Vermont Avenue, N.W.
Washington, D.C. 20005
Re: Post-Effective Amendment No. 10 (the "Amendment")
Dear Sirs:
As counsel for the American Funds Tax-Exempt Series I (the "Trust"), we are
familiar with the Trust's registration under the Investment Company Act of 1940
and with the registration statement relating to the shares of beneficial
interest (the "Shares") of each series under the Securities Act of 1933 (File
No. 33-5270) (the "Registration Statement"). We also have examined such other
trust records, agreements, documents and instruments as we deemed appropriate.
Based upon the foregoing, it is our opinion that the Shares of each Series
being registered pursuant to the Amendment will, when sold at the public
offering price and delivered by the Trust against receipt of the net asset
value of the Shares in accordance with the terms of the Registration Statement
and the requirements of applicable law, have been duly and validly authorized,
legally and validly issues, and fully paid and non-assessable.
We consent to the filing of this opinion in connection with the Amendment
which is filed pursuant to Section 24(e) under the Investment Company Act of
1940 on behalf of the Trust with the Securities and Exchange Commission.
Very truly yours,
THOMPSON, O'DONNELL, MARKHAM,
NORTON & HANNON
John Jude O'Donnell
JJO:cmr
