<PAGE>
September 22, 1995
VIA EDGAR
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
RE: RULE 24F-2 NOTICE FOR KEYSTONE GOVERNMENT SECURITIES FUND
(FORMERLY KEYSTONE AMERICA GOVERNMENT SECURITIES FUND)
(THE "FUND"); REGISTRATION STATEMENT NO. 33-11052/811-4949
Dear Sirs and Madams:
Pursuant to Rule 24f-2(b)(1) under the Investment Company Act of 1940
(the "Act"), you are hereby notified as follows:
(i) The fiscal year of the Fund for which this Notice is filed is
the year ended July 31, 1995.
(ii) The number of shares of the Fund registered under the
Securities Act of 1933 other than pursuant to Rule 24f-2 that
remained unsold at the beginning of such fiscal year: 869,851.
(iii) The number of shares of the Fund registered during such fiscal
year other than pursuant to Rule 24f-2: 2,302,313.
(iv) The number of shares of the Fund sold during such fiscal
year*:
CLASS A SHARES CLASS B SHARES CLASS C SHARES TOTAL
291,673 804,244 295,567 1,391,484
$2,808,883 $7,568,772 $2,745,502 $13,123,157
(v) The number of shares of the Fund sold during such fiscal year
in reliance upon registration pursuant to Rule 24f-2: - 0 -
<PAGE>
Securities and Exchange Commission
Page 2
September 22, 1995
* Pursuant to Rule 24f-2(c), the filing fee for this Notice was calculated as
follows:
(a) Actual aggregate sales price of
shares sold pursuant to Rule
24f-2 during the fiscal year: $ - 0 -
(b) Reduced by the difference between:
(1) The actual aggregate redemption
price of shares of the Fund
redeemed during the fiscal year: $30,485,604
and
(2) The actual aggregate redemption
price of such redeemed shares
previously applied pursuant to
Rule 24e-2(a) in filings made
pursuant to Section 24(e)(1) of
the Act: $ - 0 -
($30,485,604)
------------
(c) Net aggregate sales price: ($30,485,604)
(d) Fee computed at 1/29 of 1%: $ - 0 -
If you have any questions or would like further information, please
call me at (617) 338-3433.
Sincerely yours,
/s/ James M. Wall
James M. Wall