RULE 24f-2 NOTICE
Securities and Exchange Commission
450 Fifth Street, N.W.
Judiciary Plaza
Washington, D.C. 20549
RE: Rule 24f-2 Notice for SMITH HAYES Trust, Inc.
1933 Act No. 33-19894
1940 Act No. 811-5463
Ladies and Gentlemen:
On behalf of the above entitled issuer, I advise you as follows:
1. This Notice is filed for the fiscal year ended June 30,
1995.
2. No securities of the issuer have been registered under the
Securities Act of 1933 other than under Rule 24f-2. All securities
sold by the issuer have been sold in reliance upon Rule 24f-2.
3. The table attached provides the number of shares sold (exclusive of
stock dividends not deemed to be sales), the aggregate sales price
of the shares sold, the number of shares redeemed, the aggregate
redemption price and the aggregate net sales price for each of the
Issuer's Portfolios for the fiscal year ended June 30, 1995.
4. Attached hereto is a legal opinion that all shares sold during the
fiscal year were legally issued, fully paid, and nonassessable.
Dated: August 21, 1995 SMITH HAYES Trust,Inc.
By:--------------------------------
Thomas C. Smith
Chairman
<PAGE>
<TABLE>
<CAPTION>
SMITH HAYES TRUST, INC.
SHARES AGGREGATE SHARES AGGREGATE AGGREGATE
SOLD SALES REDEEMED REDEMPTION NET SALES
<S> <C> <C> <C> <C> <C>
Asset Allocation 8,192.273 $89,077.67 391,623.465 $3,881,092.48 ($3,792,014.81)
Portfolio
Balanced Portfolio 26,126.648 295,170.53 448,429.652 4,899,866.76 (4,604,696.23)
Convertible Portfolio 14,697.652 169,673.55 119,744.166 1,359,579.37 (1,189,905.82)
Government/Quality 75,172.609 767,049.79 527,491.743 5,398,156.53 (4,631,106.74)
Bond Portfolio
Value Portfolio 29,339.030 323,001.22 391,689.929 4,155,153.70 (3,832,152.48)
Small Cap Portfolio 258,890.892 3,211,418.44 193,771.801 2,372,561.32 838,857.12
Money Market Portfolio 14,228,361.180 14,228,361.180 22,067,395.500 22,067,395.500 (7,839,034.32)
Institutional Money 61,906,152.540 61,906,152.540 66,271,043.670 66,271,043.670 (4,364,891.13)
Market Portfolio
Nebraska Tax-Free Portfolio 403,726.098 3,175,403.15 221,835.048 2,085,986.65 1,089,416.50
----------- ------------ ----------- ------------ ------------
TOTAL 76,950,658.922 $84,165,308.070 90,633,024.974 $112,490,835.980 ($28,325,527.91)
============== =============== ============== ================ ================
</TABLE>
CLINE, WILLIAMS, WRIGHT, JOHNSON & OLDFATHER
LAW FIRM
1900 FIRSTIER BANK BUILDING
LINCOLN, NE 68508-2095
402-474-6900
August 24, 1995
SMITH HAYES Trust, Inc.
500 Centre Terrace, 1225 L Street
Lincoln, NE 68508
Re: Registration of Securities Pursuant to Rule 24f-2
1933 Act Reg. No. 33-19894
Ladies and Gentlemen:
Our opinion has been requested in connection with the registration of
shares of SMITH HAYES Trust, Inc. (the "Fund"), pursuant to Rule 24f-2 under the
Investment Company Act of 1940. We have conducted such legal and factual
inquiries as we have deemed necessary under the circumstances. Based upon such
inquiries, all shares sold by the Fund during the fiscal year ended June 30,
1995 were legally issued, fully paid and nonassessable.
We consent to the filing of this opinion in connection with the notice to
be filed with the Securities and Exchange Commission pursuant to Rule 24f-2.
Very truly yours,
JOHN C. MILES
For the Firm
