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UNITED STATES
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.
1. Name and address of issuer: THE RESERVE FUNDS
1250 BROADWAY
NEW YORK, NY 10001-3701
2. The name of each series or class of securities for which this Form is filed
(If the Form is being filed for all series and classes of securities of the
issuer, check the box but do not list series or classes): [ ]
PRIMARY FUND, U.S. TREASURY FUND, U.S. GOVERNMENT FUND,
STRATEGIST MONEY-MARKET FUND
3. Investment Company Act File Number: 811-2033
Securities Act File Number: 2-36429
4(a) Last day of fiscal year for which this Form is filed: MAY 31, 2000
4(b) [ ] Check box if this Form is being filed late (i.e., more than 90
calendar days after the end of the issuer's fiscal year). (See
Instruction A.2)
4(c) [ ] Check box if this is the last time the issuer will be filing this
Form.
Note: If the Form is being filed late, interest must be paid on the registration
fee due.
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5. Calculation of registration fee:
(i) Aggregate sale price of securities sold
during the fiscal year pursuant to section
24(f): $ 29,385,494,062
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(ii) Aggregate price of securities redeemed or
repurchased during the fiscal year: $28,307,934,225
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(iii) Aggregate price of securities redeemed or
repurchased during any prior fiscal year
ending no earlier than October 11, 1995 that
were not previously used to reduce
registration fees payable to the Commission: $ 0
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(iv) Total available redemption credits [add Items
5(ii) and 5(iii)]: -$28,307,934,225
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(v) Net sales -- if Item 5(i) is greater than
Item 5(iv) [subtract Item 5(iv) from Item
5(i)]: $ 1,077,559,837
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(vi) Redemption credits available for use in
future years -- if Item 5(i) is less than
Item 5(iv) [subtract Item 5(iv) from Item
5(i)]: $( )
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(vi) Multiplier for determining registration fee
(See Instruction C.9): X .000264
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(i) Registration fee due [multiply Item 5(v) by
Item 5(vii)] (enter "0" if no fee is due): =$ 284,475.80
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(vii)
6. Prepaid Shares
If the response to Item 5(i) was determined
by deducting an amount of securities that
were registered under the Securities Act of
1933 pursuant to rule 24e-2 as in effect
before October 11, 1997, then report the
amount of securities (number of shares or
other units) deducted here: _________ . If
there is a number of shares or other units
that were registered pursuant to rule 24e-2
remaining unsold at the end of the fiscal
year for which this form is filed that are
available for use by the issuer in future
fiscal years, then state that number here:
_________ .
7. Interest due -- if this Form is being filed
more than 90 days after the end of the
issuer's fiscal year (see Instruction D): +$ 0
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8. Total of the amount of the registration fee
due plus any interest due [line 5(viii) plus
line 7]: =$ 284,475.80
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9. Date the registration fee and any interest payment was sent to the
Commission's lockbox depository:
Method of Delivery:
[X] Wire Transfer
[ ] Mail or other means
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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/ AGNES MULLADY
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AGNES MULLADY, CONTROLLER
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Date August 18, 2000
*Please print the name and title of the signing officer below the signature.
