- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
APPENDIX I.
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
U.S. SECURITIES & 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: THORNBURG INVESTMENT TRUST
- --------------------------------------------------------------------------------
119 E. MARCY STREET - SUITE 202
SANTA FE, NEW MEXICO 87501
- --------------------------------------------------------------------------------
2. Name of each series or class of funds for which this notice is filed:
- --------------------------------------------------------------------------------
Thornburg Limited Term U.S. Government Fund - Classes A, C, & I
Thornburg Limited Term Income Fund - Classes A, C, & I
Thornburg Intermediate Muni. Fund - Classes A, C, & I
Thornburg Florida Intermediate Muni. Fund - Classes A & C
Thornburg New Mexico Intermediate Muni. Fund - Classes A & C
Thornburg Value Fund - Classes A & C
- --------------------------------------------------------------------------------
3. Investment Company Act File Number: No. 811-5201
- --------------------------------------------------------------------------------
Securities Act File Number: No. 33-14905
4. Last day of fiscal year for which this notice is filed: September 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 24f-2
declaration:
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
6. Date of termination of issuer's declaration under rule 24f-2(a)(1),
if applicable
(see Instruction A.6): N/A
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:
- --------------------------------------------------------------------------------
Shares Dollars
- --------------------------------------------------------------------------------
Thornburg Limited Term U.S. Government Fund - Class A 1,926,637 $23,944,273
Thornburg Limited Term U.S. Government Fund - Class C 149,217 1,847,259
Thornburg Limited Term U.S. Government Fund - Class I 719 8,724
Thornburg Limited Term Income Fund - Class A 434,668 $5,333,936
Thornburg Limited Term Income Fund - Class C 167,611 2,033,980
Thornburg Limited Term Income Fund - Class I 64,202 766,557
Thornburg Intermediate Muni. Fund - Class A 3,206,323 $43,108,421
Thornburg Intermediate Muni. Fund - Class C 352,952 4,676,873
Thornburg Intermediate Muni. Fund - Class I 51,632 675,632
Thornburg Florida Intermediate Muni. Fund - Class A 2,251,002 $27,017,103
Thornburg Florida Intermediate Muni. Fund - Class C 34,572 413,875
Thornburg New Mexico Intermediate Muni. Fund - Class A 1,300,328 $17,275,663
Thornburg New Mexico Intermediate Muni. Fund - Class C 6,829 90,000
Thornburg Value Fund - Class A 1,135,471 $14,184,988
Thornburg Value Fund - Class C 91,439 1,120,838
- --------------------------------------------------------------------------------
10. Number and aggregate sale price of securities sold during the fiscal year
in reliance upon registration pursuant to rule 24f-2:
Shares Dollars
Thornburg Limited Term U.S. Government Fund - Class A 1,926,637 $23,944,273
Thornburg Limited Term U.S. Government Fund - Class C 149,217 1,847,259
Thornburg Limited Term U.S. Government Fund - Class I 719 8,724
Thornburg Limited Term Income Fund - Class A 434,668 $5,333,936
Thornburg Limited Term Income Fund - Class C 167,611 2,033,980
Thornburg Limited Term Income Fund - Class I 64,202 766,557
Thornburg Intermediate Muni. Fund - Class A 3,206,323 $43,108,421
Thornburg Intermediate Muni. Fund - Class C 352,952 4,676,873
Thornburg Intermediate Muni. Fund - Class I 51,632 675,632
Thornburg Florida Intermediate Muni. Fund - Class A 2,251,002 $27,017,103
Thornburg Florida Intermediate Muni. Fund - Class C 34,572 413,875
Thornburg New Mexico Intermediate Muni. Fund - Class A 1,300,328 $17,275,663
Thornburg New Mexico Intermediate Muni. Fund - Class C 6,829 90,000
Thornburg Value Fund - Class A 1,135,471 $14,184,988
Thornburg Value Fund - Class C 91,439 1,120,838
- --------------------------------------------------------------------------------
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):
Shares Dollars
Thornburg Limited Term U.S. Government Fund - Class A 469,904 $5,800,674
Thornburg Limited Term U.S. Government Fund - Class C 10,922 135,261
Thornburg Limited Term U.S. Government Fund - Class I 11 135
Thornburg Limited Term Income Fund - Class A 69,103 $838,867
Thornburg Limited Term Income Fund - Class C 8,173 98,796
Thornburg Limited Term Income Fund - Class I 969 11,752
Thornburg Intermediate Muni. Fund - Class A 538,669 $7,136,992
Thornburg Intermediate Muni. Fund - Class C 15,345 202,966
Thornburg Intermediate Muni. Fund - Class I 433 5,716
Thornburg Florida Intermediate Muni. Fund - Class A 35,595 $433,132
Thornburg Florida Intermediate Muni. Fund - Class C 876 10,490
Thornburg New Mexico Intermediate Muni. Fund - Class A 320,921 $4,210,070
Thornburg New Mexico Intermediate Muni. Fund - Class C 153 2,031
Thornburg Value Fund - Class A 17,592 $236,260
Thornburg Value Fund - Class C 826 11,016
- --------------------------------------------------------------------------------
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): $ 142,498,122
(ii) Aggregate price of shares issued in connection with dividend reinvestment
plans (from Item 11, if applicable): + 19,134,158
(iii)Aggregate price of shares redeemed or repurchased during the fiscal year
(if applicable): - $123,542,349
(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):
= 38,089,931
(vi) Multiplier prescribed by Section 6(b) of the Securities Act of 1933 or
other applicable law or regulation
(see Instruction C.6): x 1 / 3300
(vii)Fee due {line (I) or line (v) multiplied by line (vi)}:
= $11,542,40
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: November 22, 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 & Title)* /s/ JOHN ARIOLA - ASSISTANT VICE PRESIDENT
JOHN ARIOLA - ASSISTANT VICE PRESIDENT
Date: NOVEMBER 25, 1996
- --------------------------------------------------------------------------------
* Please print the name and title of the signing
officer below the signature.
- --------------------------------------------------------------------------------
WHITE Attorneys and Counselors at Law
KOCH, KELLY William Booker Kelly Margaret A. Foster
& John F. McCarthy, Jr. Julie A. Wittenberger
McCARTHY Benjamin Phillips
A Professional Association David F. Cunningham
Albert V. Gonzales
Janet Clow Special Counsel
Kevin V. Reilly Paul L. Bloom
Charles W. N. Thompson, Jr.
M. Karen Kilgore
Sandra J. Brinck
Aaron J. Wolf
Mary J. Walta
November 18, 1996
Thornburg Investment Trust
119 East Marcy Street, Suite 202
Santa Fe, New Mexico 87501
VIA HAND DELIVERY
Re: THORNBURG INVESTMENT TRUST (formerly "Thornburg Income Trust")
(Thornburg Limited Term U.S. Government Fund, Thornburg Limited
Term Income Fund, Thornburg Intermediate Municipal Fund, Thornburg
Florida Intermediate Municipal Fund, Thornburg New Mexico
Intermediate Municipal Fund, and Thornburg Value Fund)
Registration Statement on Form N-1A No. 33-14905
Ladies and Gentlemen:
You have requested our opinion with respect to the shares of beneficial
interest (the "Shares") of Thornburg Limited Term U.S. Government Fund,
Thornburg Limited Term Income Fund, Thornburg Intermediate Municipal Fund,
Thornburg Florida Intermediate Municipal Fund, Thornburg New Mexico
Intermediate Municipal Fund and Thornburg Value Fund, series of Thornburg
Investment Trust (the "Company"), which are registered with the Securities
and Exchange Commission under the Securities Act of 1933, as amended, by the
above registration statement (the "Registration Statement").
We have examined the Company's Agreement and Declaration of Trust, as
amended to date, and its Bylaws, reviewed the records of its corporate
proceedings and made such other investigations as we have deemed necessary to
enable us to render this opinion.
Based on the foregoing, we are of the opinion that:
1. The Company is duly organized and existing as a business trust under
the laws of the Commonwealth of Massachusetts.
2. The issue and sale of the Shares have been duly and validly
authorized, and assuming that the Shares have been issued, sold and
delivered against payment therefor as provided in the Registration
Statement, are legally and validly issued and outstanding, fully
paid and nonassessable.
433 Paseo de Peralta P.O. Box 787 Santa Fe, New Mexico 87504-0787
(505) 982-4374 Fax Nos. (505) 982-0350; 984-8631
WHITE
KOCH, KELLY
&
McCARTHY
A Professional Association Thornburg Investment Trust
November 18, 1996
Page 2
We consent to be named in the Registration Statement, and in the
Prospectus which constitutes a part thereof, as the attorneys who will pass
upon the legal matters in connection with the issuance of such Shares.
Very truly yours,
/s/
WHITE, KOCH, KELLY & McCARTHY, P. A.
WKKM:clc
