U.S. SECURITIES 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:
Merriman Investment Trust
2. Name of each series or class of funds for which this notice is filed:
Merriman Flexible Bond Fund
Merriman Growth & Income Fund
Merriman Capital Appreciation Fund
Merriman Asset Allocation Fund
Merriman Leveraged Growth Fund
3. Investment Company Act File Number:
811-5487
Securities Act File Number:
333-20420
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 issuer's 24f-2
declaration: [ ]
6. Date of termination of issuer's declaration under rule 24f-2(a)(1),
if applicable:
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:
1,236,707 $13,834,158
10. Number and aggregate sale price of securities sold during the fiscal year
in reliance upon registration pursuant to rule 24f-2:
1,236,707 $13,834,158
11. Number and aggregate sale price of securities issued during the fiscal year
in connection with dividend reinvestment plans, if applicable:
474,969 $4,972,224
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): $13,834,158
-----------
(ii) Aggregate price of shares issued in connection with
dividend reinvestment plans (from Item 11, if applicable): + 4,972,224
-----------
(iii) Aggregate price of shares redeemed or repurchased during
the fiscal year (if applicable): -23,889,870
-----------
(iv) Aggregate price of shares redeemed or repurchased and
previously applied as a reduction to filing fees pursuant
to rule 24e-2 (if applicable): + 0.00
-----------
(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): (5,083,488)
----------
(vi) Multiplier prescribed by Section 6(b) of the Securities Act
of 1933 or other applicable law or regulation: x .00030303
-----------
(vii) Fee due (line (i) or line (v) multiplied by line (vi): 0.00
----------
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.
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 CRF 202.3a).
Date of mailing or wire transfer of filing fees to the Commission's lockbox
depository:
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) William L. Notaro
Executive Vice President
Date November 21, 1996
SULLIVAN & WORCESTER LLP
ONE POST OFFICE SQUARE
BOSTON, MASSACHUSETTS 02109
(617) 338-2800
Fax No. 617-338-2880
November 19, 1996
Merriman Investment Trust
1200 Westlake Avenue North
Seattle, WA 98109
Ladies and Gentlemen:
This opinion is being delivered to you in connection with your Registration
Statement on Form N-1A under the Securities Act of 1933, as amended, under which
you have registered an indefinite number of shares of beneficial interest, $0.01
par value per share, pursuant to Rule 24f-2 under the Investment Company Act of
1940, as amended. In particular, this opinion relates to the notice which you
are filing under Rule 24f-2 (the "Rule 24f-2 Notice") which makes definite in
number the 1,711,676 shares of beneficial interest, $0.01 par value per share,
which you sold in the year ended September 30, 1996 (the "Shares").
We have made such inquiry of your officers and trustees and have examined
such corporate documents, records and certificates and other documents and such
questions of law as we have deemed necessary for the purposes of this opinion.
In rendering this opinion, we have relied, with your approval, as to all
questions of fact material to this opinion, upon certificates of public
officials and of your officers and have assumed, with your approval, that the
signatures on all documents examined by us are genuine, which facts we have not
independently verified.
Based upon and subject to the foregoing, we are of the opinion that the
Shares were legally and validly issued, fully paid and nonassessable.
With respect to the opinion stated above, we wish to point out that the
shareholders of a Massachusetts business trust may, under some circumstances, be
subject to assessment at the instance of creditors to pay the obligations of
such trust in the event that its assets are insufficient for the purpose.
We hereby consent to your attaching this opinion to the Rule 24f-2 Notice
and making it a part thereof. In giving such consent, we do not thereby admit
that we come within the category of persons whose consent if required under
Section 7 of the Securities Act of 1933, as amended, or the rules and
regulations of the Securities and Exchange Commission thereunder.
Very truly yours,
SULLIVAN & WORCESTER LLP
