U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
Final Notice of Securities Sold
Pursuant to Rule 24f-2
1. Name and address of issuer:
The Tocqueville Trust
1675 Broadway
New York, New York 10019
2. Name of each series or class of funds for which this notice
is filed:
The Tocqueville Asia-Pacific Fund
3. Investment Company Act File Number: 811-4840
Securities Act File Number: 33-8746
4. Last day of fiscal year for which this notice is filed: May
1, 1997
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:
NOT APPLICABLE [ ]
6. Date of termination of issuer's declaration under rule 24f-2
(a)(1), if applicable (see Instruction A.6):
NOT APPLICABLE
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:
NONE
8. Number and amount of securities registered during the fiscal
year other than pursuant to rule 24f-2:
NONE
9. Number and aggregate sale price of securities sold during
the fiscal year:
Number of securities sold during the fiscal year: 264,729
Aggregate sale price of securities sold during the fiscal year
$2,401,334
10. Number and aggregate sale price of securities sold during
the fiscal year in reliance upon registration pursuant to
rule 24f-2:
Number of securities sold during the fiscal year: 264,729
Aggregate sale price of securities sold during the fiscal year
$2,401,334
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):
Number of DRIP securities sold during the fiscal year: 0
Aggregate sale price of DRIP securities sold during the fiscal year: 0
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):
$2,401,334
(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):
-$20,076,555
(iv) Aggregate price of shares redeemed or repurchased and
previously applied as a reduction to filing fees pursuant to
rule 24e-2 (if applicable):
+$0
(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):
-$17,675,221
(vi) Multiplier prescribed by Section 6(b) of the Securities
Act of 1933 or other applicable law or regulation (see
Instruction C.6):
x1/3300
(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.
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:
NOT APPLICABLE
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/ Kieran Lyons
Kieran Lyons
Vice President
Date June 27, 1997
*Please print the name and title of the signing officer below
the signature.
Firstar Trust Company
615 E. Michigan Street
Milwaukee, WI 53202
June 27, 1997
U.S. Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C., 20549
Re: The Tocqueville Trust
The Tocqueville Asia-Pacific Fund
Rule 24f-2 Notice
CIK#: 0000801444
1933 Act Registration No: 33-8746
1940 Act File No. : 811-4840
Dear Ladies and Gentlemen:
On behalf of The Tocqueville Asia-Pacific Fund (the
"Registrant") and pursuant to Rule 24f-2 under the Investment
Company Act of 1940, as amended, transmitted herewith for
filing, via EDGAR, are the following documents:
1). One (1) copy of the Registrant's Final Rule 24f-2 Notice for
The Tocqueville Asia-Pacific Fund for the period November 1,
1996 through May 1, 1997.
2). One (1) copy of the Opinion of Counsel for the Registrant
with respect to securities sold during the period November 1,
1996 through May 1, 1997.
Please note that there is no filing fee required.
Any questions with respect to this registration notice should be
directed to the undersigned at 414-287-3851. Thank you for your
assistance in handling this matter.
Respectfully,
Dana L. Armour
Compliance Administrator, Firstar Trust Company
Kramer, Levin, Naftalis & Frankel
919 Third Avenue
New York, N.Y. 10022 - 3852
June 26, 1997
The Tocqueville Trust
1675 Broadway
New York, N.Y. 10019
Re: The Tocqueville Trust (Asia-Pacific Fund)
Registration No: 33-8746
Gentlemen:
We have acted as counsel to the Tocqueville Trust, a
Massachusetts business trust (the "Trust"), in connection with
the public offering of the Trust's shares of beneficial interest
on behalf of The Tocqueville Asia-Pacific Fund (the
"Asia-Pacific Fund"), $.01 par value. We understand that,
pursuant to Rule 24f-2 under the Investment Company Act of 1940,
the Trust has registered an indefinite number of shares of
beneficial interest under the Securities Act of 1933. We
further understand that on behalf of the Asia-Pacific Fund, and
pursuant to the provisions of Rule 24f-2, the Trust is filing
with the Securities and Exchange Commission the Notice attached
hereto making definite the registration of shares of beneficial
interest, (the "Shares") sold in reliance upon Rule 24f-2 during
the fiscal period ended May 1, 1997.
We have reviewed, insofar as they relate or pertain to the
Asia-Pacific Fund, the Trust's Registration Statement on Form
N-1A filed with the Securities and Exchange Commission under the
Securities Act of 1933 and the Investment Company Act of 1940,
as amended to the date hereof, pursuant to which Shares were
sold (the "Registration Statement"). We have also examined
originals or copies certified or otherwise identified to our
satisfaction of such documents, records and other instruments we
have deemed necessary or appropriate for the purpose of this
opinion. For purposes of such examination, we have assumed the
genuineness of all signatures and original documents and the
conformity of the original documents of all copies submitted.
We are members only of the New York Bar and do not purport of
be experts on the laws of any other state. Our opinion herein
as to Massachusetts law is based upon a limited inquiry thereof
that we have deemed appropriate under the circumstances.
Based upon the foregoing, we are of the opinion that the
Shares have been duly and validly authorized and , assuming that
the Shares have been issued and sold in accordance with the
Trust's Declaration of Trust and Registration Statement, and
that the consideration received therefor was not less than the
par value thereof, the Shares which the Rule 24f-2 Notice
attached hereto makes definite in number were legally issued,
fully paid and non-assessable.
We consent to the filing of this opinion with the Rule 24f-2
Notice attached hereto.
Very truly yours,
/s/ Kramer, Levin, Naftalis & Frankel
EXHIBIT A
THE TOCQUEVILLE TRUST
THE TOCQUEVILLE ASIA-PACIFIC FUND
SUMMARY OF 24(F)-2 SALES
November 1, 1996 through May 1, 1997
The Tocqueville Asia - Pacific Fund
Amount Shares
Shares sold $2,401,334 264,729
Dividends reinvested 0 0
Shares redeemed (1,953,941) (210,187)
Merger liquidation ($18,122,614) (2,052,391)
Net decrease ($17,675,221) (197,849)
Net Purchases & Redemptions ($17,675,221) (197,849)
Fee due equal to 1/33 of 1% $0
G:\123DATA\TOCQUE\24F2ASIA.WK4
