FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
1. Name and addresss of issuer:
Smith Barney Inc.
Unit Trust Department
388 Greenwich Street, 23rd Fl.
New York, N.Y. 10013
2. Name of each series or class of fund for which this notice is
filed:
Smith Barney Shearson Unit Trusts
High Yield Taxable Series - 16
3. Investment Company Act File Number:
811-5070
Securities Act File Number:
33-23766
4. Last day of fiscal year for which this notice is filed:
December 31, 1995
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 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:
0 Units $0.00
10. Number and aggregate sale price of securities sold during the
fiscal year in reliance upon registraion pursuant to rule 24f-2:
0 Units $0.00
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):
None
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): $0.00
(ii) Aggregate price of share issued in
connection with dividend reinvestment plans
(from Item 11, if applicable): 0.00
(iii) Aggregate price of shares redeemed or
repurchased during the fiscal year (if
applicable): 0.00
(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 (vi)] (if applicable): 0.00
(vi) Multiplier prescribed by Section 6(b) of
the Securities Act of 1933 or other applicable
law or regulation (see Instruction C.6): 1/2900
(vii) Fee due [line (i) or line (v) multiplied
by line (vi)]: 0.00
13. Check box of fees are being remitted to the Commissions's
lockbox depository as describe 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:
No Fee Due
By Smith Barney Inc.
By /s/ Kevin Kopczynski
First Vice-President
Date: February 28, 1996
Davis Polk & Wardwell
450 Lexington Avenue
New York, New York 10017
(212) 450-4000
February 28, 1996
Smith Barney
Unit Trust Department
388 Greenwich Street, 23rd Fl.
New York, N.Y. 10013
Dear Sirs:
We have acted as special counsel for you of Smith
Barney Shearson Unit Trusts, High Yield Taxable Series - 16. The
accompanying Rule 24f-2 Notice (the "Notice") for the Fund makes
definite in number the registration of Units sold in reliance
upon the Rule during the fiscal period covered by the Notice.
The Units covered by the Notice are hereinafter referred to as
the "Registered Units".
We have examined and are familiar with originals or copies,
certified or otherwise identified to our satisfaction, of such
documents and instruments as we have deemed necessary or
advisable for the purpose of this instrument.
Based upon the foregoing, we are of the opinion that the
Registered Units, assuming due execution and delivery of any
certificates evidencing the Registered have been legally issued
and are fully-paid and non-assessable.
Very truly yours,
/s/ Davis Polk & Wardwell
