U.S. SECURITIES AND EXCHANGE COMMISSION
450 Fifth Street, N.W.
Washington, DC 20549
RULE 24f-2 NOTICE
Annual Notice
____________________________________________________________________________
1. Name and address of issuer:
CFS Investment Trust
1111 East Warrenville Road
Naperville, IL 60563-1493
2. Name of each series or class of funds for which this notice is filed:
Calamos Convertible Fund - Class A
Calamos Growth and Income Fund - Class A
Calamos Strategic Income Fund - Class A
Calamos Growth Fund - Class A
Calamos Global Growth & Income Fund - Class A
Calamos Convertible Fund - Class C
Calamos Growth and Income Fund - Class C
Calamos Strategic Income Fund - Class C
Calamos Growth Fund - Class C
Calamos Global Growth & Income Fund - Class C
3. Investment Company Act File Number: 33-19228
Securities Act File Number:
4. Last day of fiscal year for which this notice is filed: 3/31/97
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 securiites 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 amoung 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:
10. Number and aggregate sale price of securities sold during the fiscal year
in reliance upon registration pursuant to rule 24f-2:
Calamos Convertible Fund - Class A 824,228 11,931,314
Calamos Growth and Income Fund - Class A 176,257 2,735,811
Calamos Strategic Income Fund - Class A 1,500 16,566
Calamos Growth Fund - Class A 217,109 3,905,631
Calamos Global Growth & Income Fund - Class A 575,477 2,944,288
Calamos Convertible Fund - Class C 219,119 3,118,628
Calamos Growth and Income Fund - Class C 22,630 351,959
Calamos Strategic Income Fund - Class C 0 0
Calamos Growth Fund - Class C 1,060 18,759
Calamos Global Growth & Income Fund - Class C 74,840 391,294
11. Number and aggregate sale price of securities issued during the fiscal hyear
in commection with dividend reinvestment plans, if applicable (see instruction
B.7):
Calamos Convertible Fund - Class A 157,231 2,204,225
Calamos Growth and Income Fund - Class A 49,163 731,921
Calamos Strategic Income Fund - Class A 9,775 105,551
Calamos Growth Fund - Class A 23,916 421,022
Calamos Global Growth & Income Fund - Class A 983 5,101
Calamos Convertible Fund - Class C 33 464
Calamos Growth and Income Fund - Class C 88 1,360
Calamos Strategic Income Fund - Class C 0 0
Calamos Growth Fund - Class C 0 0
Calamos Global Growth & Income Fund - Class C 23 117
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): $25,414,250
(ii) Aggregate price of shares issued in connection with dividend reinvestment
plans (from Item 11, if applicable): +3,469,761
(iii) Aggregate price of shares redeemed or repurchased during the fiscal year
(if applicable): - 5,290,522
(iv) Aggregate price of shares redeemed or repurchased and previously applied as
a reduction to filing fees pursuant to rule 24e-2 (if applicable):
(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): $23,593,489
(vi) Multiplier prescribed by section 6(b) of the Securities Act of 1933 or
other applicable law or regulation (see Instruction C.6): x.00034483
(vii) Fee due [line (I) or line (v) multiplied by line (vi): $8,136
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: 5/30/97
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/ Helen L. Callaghan
Secretary
Date 5/30/97
BELL, BOYD & LLOYD
THREE FIRST NATIONAL PLAZA
70 WEST MADISON STREET, SUITE 3300
CHICAGO, ILLINOIS 60602-4207
312 372-1121
FAX 312 372-2098
CAMERON B. AVERY WASHINGTON, D.C.
DIRECT DIAL: 312 807-4302 202 466-6300
[email protected] FAX 202 463-0678
MAY 30, 1997
CFS Investment Trust
1111 East Warrenville Road
Naperville, Illinois 60563-1448
Ladies and Gentlemen:
Rule 24f-2 Notice
We have represented CFS Investment Trust, a Massachussetts business trust
(the "Trust"), in connection with the filing the Securities and Exchange
Commission of the Trust's Rule 24f-2 Notice for the fiscal year ended March
31, 1997 pursuant to Rule 24f-2 under the Investment Company Act of 1940
(Rule 24f-2"). In this connection, we have examined originals, or copies
certified or otherwise identified to our satisfaction, of such documents or
other records, certificates, and other papers as we deem it neces
Based upon the foregoing examination, we are of the opinion that the following
shares of beneficial interest, without par value, of the Trust sold during
the 1997 fiscal year in reliance upon registration pursuant to rule 24f-2
were legally issued, fully paid and nonassessable (although shareholders of
the Trust may be subject to liability under certain circumstances as
described in the prospectus of the Trust included in its registration
statement on Form N-1A):
Shares Sold During Period
Series of the Registrant Pursuant to Rule 24f-2
Calamos Strategic Income Fund 11,275
Calamos Convertible Fund 1,200,617
Calamos Growth and Income Fund 248,138
Calamos Growth Fund 242,085
Calamos Global Growth and Income Fund 651,323
We consent to the filing of this opinion with the Trust's Rule 24f-2 Notice.
In giving this consent, we do not admit that we are in the category of
persons whose consent is required under Section 7 of the Securities Act of
1933.
Very truly yours,
/s/ Bell, Boyd & Lloyd
