<PAGE> 1
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:
HSBC MUTUAL FUNDS TRUST
3435 STELZER RD.
COLUMBUS, OHIO 43219
2. Name of each series or class of funds for which this notice is filed:
SEE ATTACHED SCHEDULE A
3. Investment Company Act File Number: 811-6057
Securities Act File Number: 33-33734
4. Last day of the 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 purpose 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:
$18,078,126 Price
1,224,400 Shares
9. Number and aggregate sale price of securities sold during the fiscal year:
$187,322,223 Price
13,143,134 Shares
<PAGE> 2
10. Number and aggregate sale price of securities sold during the fiscal year in
reliance upon registration pursuant to rule 24F-2:
$169,244,097 Price
11,918,734 Shares
11. Number and aggregate sale price of securities issued during the fiscal year
in connection with dividend reinvestment plans, if applicable:
$1,685,574 Price
147,152 Shares
12. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the fiscal
year in reliance on rule 24F-2: $169,244,097
------------
(ii) Aggregate price of shares issued in connection with
dividend reinvestment plans: $ 1,685,574
------------
(iii) Aggregate price of shares redeemed or repurchased
during the fiscal year: $ 69,244,429
------------
(iv) Aggregate price of shares redeemed or repurchased
and previously applied as a reduction to filing fees
pursuant to rule 24F-2: 0
------------
(v) Net aggregate price of securities sold and issued during
the fiscal year in reliance on rule 24F-2: $101,685,242
------------
(vi) Multiplier prescribed by Section 6(b) of the Securities
Act of 1933 or other applicable law or registration: 1/3300
------------
(vii) Fee Due: $ 30,813.72
------------
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
[ X ]
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)* Steven R. Howard
------------------------------------
Secretary
------------------------------------
Date March 3, 1997
- ----------------------
* Please print the name and title of the signing officer below the signature.
<PAGE> 3
HSBC MUTUAL FUNDS TRUST - SCHEDULE A
------------------------------------
GROWTH & INCOME
SMALL CAP
NEW YORK TAX-FREE BOND
SHORT TERM U.S. GOV'T
FIXED INCOME
INTERNATIONAL EQUITY
SERVICE
INSTITUTIONAL
<PAGE> 1
March 3, 1997
HSBC Mutual Funds Trust
3435 Stelzer Road, Suite 1000
Columbus, OH 43219-8499
Dear Sirs:
We refer to the Rule 24f-2 Notice (the "Rule 24f-2 Notice"), with
respect to the Post-Effective Amendment (the "Post-Effective Amendment") to the
Registration Statement on Form N-1A relating to the shares of beneficial
interest, par value $.001 per share, of HSBC Mutual Funds Trust, a
Massachusetts business trust (the "Trust"). The Post-Effective Amendment
registered an indefinite number of shares of beneficial interest of the Trust
pursuant to Rule 24f-2 under the Investment Company Act of 1940, as amended.
The Rule 24f-2 Notice makes definite the number of shares of beneficial
interest of the Trust sold during the Trust's fiscal year ended December 31,
1996 that were so registered under the Post-Effective Amendment.
We have examined and relied upon copies of the Post-Effective Amendment
and the Rule 24f-2 Notice and have examined and relied upon originals, or copies
certified to our satisfaction, of such corporate records, documents,
certificates and other instruments as in our judgment are necessary or
appropriate to enable us to render the opinion set forth below.
Based on the foregoing, we are of the opinion that the shares of
beneficial interest of the Trust, the registration of which the Rule 24f-2
Notice makes definite in number, were duly authorized, legally issued, fully
paid and nonassessable.
We hereby consent to the use of this opinion in connection with the
filing of the Rule 24f-2 Notice. In giving such consent, we do not thereby
admit that we come within the
<PAGE> 2
HSBC Mutual Funds Trust
March 3, 1997
Page 2
category of persons whose consent is 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,
/s/ BAKER & McKENZIE
