VAN KAMPEN AMERICAN CAPITAL TAX FREE MONEY FUND
24F-2NT, 1996-08-27
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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: Van Kampen American Capital Tax Free Money Fund
                               One Parkview Plaza
                               Oakbrook Terrace, IL 60181


2. Name of each series or class of funds for which this notice is filed: Class A


3. Investment Company Act File Number: 811-4718


   Securities Act File Number: 33-6745



4. Last day of fiscal year for which this notice is filed: June 30, 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): 


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:       - 0 -


8. Number and amount of securities registered during the year other than
pursuant to rule 24f-2:       0


9. Number and aggregate sale price of securities sold during the fiscal year: 

                 67,200,916                  $67,200,916


10. Number and aggregate sale price of securities issued during the fiscal 
year in reliance upon registration pursuant to rule 24f-2:

                 67,200,916                  $67,200,916


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):

                    762,564                     $762,564

    



<TABLE>
<CAPTION>
12.      Calculation of registration fee:                                                                                          
<S>      <C>                                                                                                         <C>           
(i)      Aggregate sale price of securities sold during the fiscal year in reliance on rule 24f-2 (from Item 10):    $   67,200,916
                                                                                                                     --------------
         Aggregate price of shares issued in connection with dividend reinvestment plans (from Item 11, if                         
(ii)     applicable):                                                                                                +      762,564
                                                                                                                     --------------
(iii)    Aggregate price of shares redeemed or repurchased during the fiscal year (if applicable):                   -   65,505,643
                                                                                                                     --------------
         Aggregate price of shares redeemed or repurchased and previously applied as a reduction to filing fees                   
(iv)     pursuant to rule 24e-2 (if applicable):                                                                     +            0
                                                                                                                     --------------
         Net aggregate price of securities sold and issued during the fiscal year in reliance on rule 24f-2 [line                 
(v)      (i), plus line (ii), less line (iii), plus line (iv)] (if applicable):                                      $    2,457,837
                                                                                                                     --------------
         Multiplier prescribed by Section 6(b) of the Securities Act of 1933 or other applicable law or regulation                 
(vi)     (see Instruction C.6):                                                                                      /         2900
                                                                                                                     --------------
(vii)    Fee due [line (i) or line (v) multiplied by line (vi)]:                                                     $       847.53
                                                                                                                     ==============
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>


 

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. 

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:   August 23, 1996



                               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)*  /s/ Nicholas Dalmaso

                               Nicholas Dalmaso
                               Assistant Secretary



Date: August 26, 1996

*Please print the name and title of the signing officer below the signature. 



             SKADDEN, ARPS, SLATE, MEAGHER & FLOM
                       ONE RODNEY SQUARE
                            BOX 636
               WILMINGTON, DELAWARE 19899-0636
                             ----
                        (302) 651-3000



                                               August 26, 1996



Van Kampen American Capital
  Tax Free Money Fund
One Parkview Plaza
Oakbrook Terrace, IL 60181



                Re: Filing of Form 24f-2



Ladies and Gentlemen:

                We have acted as special counsel to Van Kampen 
American Capital Tax Free Money Fund (the "Trust"), a 
Delaware business trust, which was formerly known as Van 
Kampen Merritt Tax Free Money Fund (the "Former Trust"), a 
voluntary association with transferable shares organized 
and existing under and by virtue of the laws of The 
Commonwealth of Massachusetts commonly known as a 
Massachusetts business trust, in connection with the filing 
of its Form 24f-2 (the "Form 24f-2") with the Securities 
and Exchange Commission (the "Commission").  As of July 31, 
1995, the Former Trust was reorganized from a Massachusetts 
business trust into the Trust as a Delaware business trust, 
and the Trust has adopted and succeeded, pursuant to Rule 
414 under the Securities Act of 1933, as amended (the 
"Securities Act"), to the registration statement and prior 
Rule 24f-2 notices of the Former Trust.


                The Form 24f-2 makes definite registration of  
67,200,916 common shares of beneficial interest, $.01 par 
value per share (the "Shares"), for the Trust's fiscal year 
ended June 30, 1996.

                In connection with this opinion, we have examined 
the originals or copies, certified or otherwise identified 
to our satisfaction, of the following documents:

                (i)  the Agreement and Declaration of Trust of 
the Trust dated May 10, 1995 (the "Declaration of Trust"),

                (ii) the Certificate of Trust of the Trust dated 
May 10, 1995,

                (iii) the By-laws of the Trust dated May 10,1995,

                (iv)  the Agreement and Plan of Reorganization 
dated as of July 31, 1995 providing for the reorganization 
of the Former Trust into the Trust,

                (v)  each Post-Effective Amendment under the 
Securities Act and the Investment Company Act of 1940, as 
amended, to the Registration Statement of the Trust on Form 
N-1A, Commission File Nos. 33-6745 and 811-4718,  filed 
with the Commission after August 29, 1995 and prior to the 
date hereof and the exhibits contained therein,

                (vi) copies of certain resolutions adopted by the 
Board of Trustees of the Trust relating to the 
authorization, issuance and sale of the Shares and furnished 
to us by the Trust,

                (vii)  such other agreements, documents, 
certificates and other records as we have deemed necessary 
or appropriate as a basis for the opinions set forth herein.

                In such examination we have assumed the legal 
capacity of natural persons, the genuineness of all 
signatures, the authenticity of all documents submitted to 
us as originals, the conformity to original documents of 
all documents submitted to us as copies and the authenticity 
of the originals of such latter documents.  As to any facts 
material to such opinion which were not independently 
established, we  have  relied on  statements  or 
representations of officers of the Trust or others.

                Members of this Firm are admitted to the practice 
of law in the State of Delaware, and we express no opinion 
as to the law of any other jurisdiction.

                Based upon and subject to the foregoing, we are 
of the opinion that the issuance and sale of Shares by the 
Trust  have  been validly  authorized and,  assuming 
certificates therefor have been duly executed and delivered 
or the shareholders' accounts have been duly credited and 
the Shares represented thereby have been fully paid for, 
such Shares were validly issued, fully paid and  
nonassessable.

                We hereby consent to the filing of this opinion 
with the Form 24f-2.



                       Very truly yours,


                       /s/ SKADDEN, ARPS, SLATE, MEAGHER & FLOM



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