MUNICIPAL SECURITIES TRUST MULTI STATE SERIES 29
24F-2NT, 1997-02-27
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                     U.S. SECURITIES AND 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:

     Reich & Tang Distributors L.P.
     600 Fifth Avenue
     New York, New York  10020-2302

2.   Name of each series or class of funds for which this notice is filed:

     Municipal Securities Trust, Multi-State Series 29


3.   Investment Company Act File Number:     11-2868

     Securities Act File Number:             33-20718

4.   Last day of fiscal year for which this notice is filed:  December 31, 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 (see instruction A.6):

     Not 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



C/M:  11939.0008 339671.1

<PAGE>



9.   Number and aggregate sale price of securities sold during the fiscal year:

               0          Shares        $         0
     --------------------                -----------

10.  Number and aggregate sale price of securities sold during the fiscal year
     in reliance upon registration pursuant to rule 24f-2:

               0          Shares         $         0
     --------------------                -----------

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):

           Not Applicable

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)                                 $ 0
                                                       ------------------------

      (ii)  Aggregate price of shares issued in
            connection with dividend reinvestment
            plans (from Item 11, if applicable):                 + 0
                                                       ------------------------

     (iii)  Aggregate price of shares redeemed or
            repurchased during the fiscal year (if
            applicable):                                    - 203,306.11
                                                       ------------------------

      (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):                                         0
                                                       ------------------------

      (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)]:                                       $ 0
                                                       ------------------------


      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:


C/M:  11939.0008 339671.1

<PAGE>



                                   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)*         ______________________________________

                                        Peter J. DeMarco, Authorized Signatory


     Date:  February 24, 1997










  *Please print the name and title of the signing officer below the signature.

C/M:  11939.0008 339671.1


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