UNITED STATES
SECURITY AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
1 Name and Address of Issuer:
Saturna Investment Trust
1300 North State Street
Bellingham, WA 28225
2 The name of each series or class of securities for which this
notice is filed (If the Form is being filed for all series and
classes of securities of the issuer, check the box but do not list
series of classes):
Sextant Growth Fund
Idaho Tax Exempt Fund
Sextant Bond Income Fund
Sextant Short Term Bond Fund
Sextant International Fund
3 Investment Company Act File Number: 811-5071
Securities Act File Number: 33-13247
4(a) Last day of fiscal year for which this notice is filed: November 30, 1997
4(b) Check box if this form is being filed late (i.e., more than 90
calendar days after the end of the issuer's fiscal year). (See
instruction A.2)
Note: If the Form is being filed late, interest must be paid on
the registration fee due.
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5 Calculation of registration fee:
(i) Aggregate Sale price of securities
sold during the fiscal year
pursuant to section 24(f) $3,274,668.00
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(ii) Aggregate price of securities redeemed
or repurchased during the fiscal year: $2,401,205.00
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(iii) Aggregate sale price of securities redeemed
or repurchased during any prior fiscal year
ending no earlier than October 11, 1995 that
were not previously used to reduce registr-
ation fees payable to the Commission: 0.00
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(iv) Total available redemption credits
[add Items 5(ii) and 5(iii)]: $2,401,205.00
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(v) Net Sales - if Item 5(i) is greater than
Item 5(iv)[subtract Item 5(vi) from Item
5(i)]: $873,463.00
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(vi) Redemption credits available for use in future
years - if Item 5(i) is less than 5(iv) [subtract
Item 5(iv) from Item 5(i)]: 0.00
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(vii) Multiplier for determining registration fee
(See Instructions C.9): x 0.000295
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(viii)Registration fee due [multiply Item 5(v)
by Item 5(vii) (enter "0" if no fee is due): = $257.67
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6 Prepaid Shares
If the response to Item 5(i) was determined by deducting an amount of securities that were
registered under the Securities Act of 1933 pursuant to rule 24e-2 as in effect before
October 11, 1997, then report the amount of securities (number of shares or other units)
deducted here: N/A. If there is a number of shares or other units that were registered
pursuant to rule 24e-2 remaining unsold at the end of the fiscal year for which this form is
filed that are available for use by the issuer in future years, then state that number here:
N/A.
7 Interest due - if this Form is being filed more
than 90 days after the end of the issuer's fiscal
year (see Instruction D): = $0.00
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8 Total of the amount of the registration fee due plus
any interest due (line 5(viii) plus line 7]: $257.67
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9 Date of the registration fee and any interest payment
sent to the Commission's lockbox depository:
Method of Delivery: Wire Transfer $257.67
Mail or other means
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SIGNATURES
This report has been signed below by the following person on
behalf of the issuer and in the capacities and on the dates indicated:
By (Signature and Title) /s/ Teresa K. Anderson
--------------------------------
Director, Funds & Operations
Date 2/11/97
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