Rule 24f-2 Notice
MUNICIPAL SECURITIES INCOME TRUST
(Fund Name)
Federated Investors Tower
Pittsburgh, Pennsylvania 15222-3779
1933 Act No. 33-36729
(i) fiscal period for which notice is filed August 31, 1995
The number or amount of securities of the
same class or series, if any, which had
been registered under the Securities Act
of 1933, other than pursuant to Rule 24f-2
but which remained unsold at Sepember 1, 1994,
the beginning of the Registrant's fiscal
period -0-
The number or amount of securities, if
any, registered during the fiscal period
of this notice other than pursuant to
Rule 24f-2 -0- -0-
The number or amount of securities
sold during the fiscal period of this
notice 7,909,183
The number or amount of securities sold
during the fiscal period of this notice
in reliance upon registration pursuant
to Rule 24f-2 (see attached Computation
of Fee) 7,909,183
By: /s/Charles H. Field
Charles H. Field
Assistant Secretary
COMPUTATION OF FEE
Actual aggregate sale price of Registrant's
securities sold pursuant to Rule 24f-2 during
the fiscal period for which the 24f-2 notice
is filed (see Section v) ................... $ 52,045,483
Reduced by the difference between:
(a) actual aggregate redemption price
of such securities redeemed by the
issuer during the fiscal period for
which the 24f-2 notice is filed $123,470,581
(b) actual aggregate redemption price
of such redeemed securities
previously applied by the issuer
pursuant to Section 24e(2)(a) for
the fiscal period for which the
24f-2 notice is filed -0- $123,470,581
$(71,425,098)
FEE SUBMITTED (1/29 of 1% of Total amount) $ -0-
CONVERSION OF NET REDEMPTIONS ON
RULE 24f-2 NOTICE TO FILING
UNDER RULE 24e-2
6(b) of the Securities Act of 1933 is
24e-2:
15,702,272
7,909,183
Rule 24e-2 7,793,089(a)
$ 11.60(b)
24e-2 by the fund's current
FEDERATED ADMINISTRATIVE
SERVICES
FEDERATED INVESTORS TOWER
PITTSBURGH, PA 15222-3779
412-288-1900
October 16, 1995
Municipal Securities Income Trust
Federated Investors Tower
Pittsburgh, PA 15222-3779
Gentlemen:
You have requested my opinion for use in conjunction with a Rule 24f-2
Notice for Municipal Securities Income Trust ("Trust") to be filed in respect of
shares of the Trust ("Shares") sold for the fiscal year ended August 30, 1995,
pursuant to the Trust's registration statement filed with the Securities and
Exchange Commission ("SEC") under the Securities Act of 1933 (File No. 33-36729)
("Registration Statement").
In its Registration Statement, the Trust elected to register an indefinite
number of shares pursuant to the provisions of Investment Company Act Rule 24f-
2.
As counsel I have participated in the preparation and filing of the Trust's
amended Registration Statement under the Securities Act of 1933. Further, I have
examined and am familiar with the provisions of the Declaration of Trust dated
August 6, 1990 ("Declaration of Trust"), the Bylaws of the Trust and such other
documents and records deemed relevant. I have also reviewed questions of law and
consulted with counsel thereon as deemed necessary or appropriate by me for the
purposes of this opinion.
On the basis of the foregoing, it is my opinion the Shares sold for the
fiscal year ended August 30, 1995, registration of which the Rule 24f-2 Notice
makes definite in number, were legally issued, fully paid and non-assessable by
the Trust.
I hereby consent to the filing of this opinion as an exhibit to the Rule
24f-2 Notice referred to above, the Registration Statement of the Trust and to
any application or registration statement filed under the securities laws of any
of the States of the United States.
The foregoing opinion is limited to the Federal laws of the United States
and the laws of the Commonwealth of Massachusetts, and I am expressing no
opinion as to the effect of the laws of any other jurisdiction.
Very truly yours,
/s/ Charles H. Field
Charles H. Field
