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:
Merrill Lynch Multi-State Limited Maturity Municipal Series Trust
P.O. Box 9011
Princeton, N.J. 08543-9011
2. Name of each series or class of funds for which this notice
is filed:
Merrill Lynch Arizona Limited Maturity Municipal Bond Fund
Classes A,B,C & D
Merrill Lynch California Limited Maturity Municipal Bond Fund
Classes A,B,C & D
Merrill Lynch Florida Limited Maturity Municipal Bond Fund
Classes A,B,C & D
Merrill Lynch New Jersey Limited Maturity Municipal Bond Fund
Classes A,B,C & D
Merrill Lynch New York Limited Maturity Municipal Bond Fund
Classes A,B,C & D
Merrill Lynch Pennsylvania Limited Maturity Municipal Bond Fund
Classes A,B,C & D
Merrill Lynch Massachusetts Limited Maturity Municipal Bond Fund
Classes A,B,C & D
Merrill Lynch Michigan Limited Maturity Municipal Bond Fund
Classes A,B,C & D
3. Investment Company Act File Number: 811-6282
Securities Act File Number: 33-50417
4. Last day of fiscal year for which this notice is filed:
7/31/96
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 :
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:
Merrill Lynch Arizona Ltd Maturity Municipal Bond Fund 0 shares
Merrill Lynch California Ltd Maturity Municipal Bond Fund 0 shares
Merrill Lynch Florida Ltd Maturity Municipal Bond Fund 0 shares
Merrill Lynch New Jersey Ltd Maturity Municipal Bond Fund 0 shares
Merrill Lynch New York Ltd Maturity Municipal Bond Fund 0 shares
Merrill Lynch Pennsylvania Ltd Maturity Municipal Bond Fund 0 shares
Merrill Lynch Massachusetts Ltd Maturity Municipal Bond Fun 0 shares
Merrill Lynch Michigan Ltd Maturity Municipal Bond Fun 0 shares
8. Number and amount of securities registered during the fiscal
year other than pursuant to rule 24f-2:
Merrill Lynch Arizona Ltd Maturity Municipal Bond Fund 195,538 shares
Merrill Lynch Calif Ltd Maturity Municipal Bond Fun 0 shares
Merrill Lynch Florida Ltd Maturity Municipal Bond Fun 118,652 shares
Merrill Lynch N J Ltd Maturity Municipal Bond Fund 416,514 shares
Merrill Lynch N Y Ltd Maturity Municipal Bond Fund 0 shares
Merrill Lynch Penn Ltd Maturity Municipal Bond Fund 245,588 shares
Merrill Lynch Mass Ltd Maturity Municipal Bond Fund 686,874 shares
Merrill Lynch Michigan Ltd Maturity Municipal Bond Fun 121,542 shares
9. Number and aggregate sale price of securities sold during
the fiscal year:
Merrill Lynch Arizona Limited Maturity Municipal Bond Fund
166,632 shares $ 1,701,973
Merrill Lynch Calif Ltd Maturity Municipal Bond Fund
324,321 shares $ 3,255,287
Merrill Lynch Florida Limited Maturity Municipal Bond Fund
789,712 shares $ 7,961,828
Merrill Lynch New Jersey Limited Maturity Municipal Bond Fund
285,752 shares $ 2,889,818
Merrill Lynch New York Limited Maturity Municipal Bond Fund
692,716 shares $ 7,011,734
Merrill Lynch Pennsylvania Limited Maturity Municipal Bond Fund
258,198 shares $ 2,619,340
Merrill Lynch Massachusetts Limited Maturity Municipal Bond Fund
289,348 shares $ 2,901,808
Merrill Lynch Michigan Limited Maturity Municipal Bond Fund
106,846 shares $ 1,070,396
Total 2,913,525 shares $ 29,412,184
10. Number and aggregate sale price of securities sold during
the fiscal year in reliance upon registration pursuant to
rule 24f-2:
Merrill Lynch Arizona Limited Maturity Municipal Bond Fund
0 shares $0
Merrill Lynch California Limited Maturity Municipal Bond Fund
324,321 shares $ 3,255,287
Merrill Lynch Florida Limited Maturity Municipal Bond Fund
671,060 shares $ 6,938,760
(Based on maximum offering price $10.34)
Merrill Lynch New Jersey Limited Maturity Municipal Bond Fund
0 shares $ 0
Merrill Lynch New York Limited Maturity Municipal Bond Fund
692,716 shares $ 7,011,734
Merrill Lynch Pennsylvania Limited Maturity Municipal Bond Fund
12,610 shares $ 132,153
(Based on maximum offering price $10.48)
Merrill Lynch Massachusetts Limited Maturity Municipal Bond Fund
0 shares $ 0
Merrill Lynch Michigan Limited Maturity Municipal Bond Fund
0 shares $ 0
Total 1,700,707 shares $ 17,337,934
11. Number and aggregate sale price of securities issued during
the fiscal year in connection with dividend reinvestment
plans, if applicable :
Merrill Lynch Arizona Limited Maturity Municipal Bond Fund
10,826 shares $ 105,019
Merrill Lynch California Limited Maturity Municipal Bond Fund
20,263 shares $ 203,723
Merrill Lynch Florida Limited Maturity Municipal Bond Fund
44,281 shares $ 444,297
Merrill Lynch New Jersey Limited Maturity Municipal Bond Fund
24,140 shares $ 245,020
Merrill Lynch New York Limited Maturity Municipal Bond Fund
36,713 shares $ 370,892
Merrill Lynch Pennsylvania Limited Maturity Municipal Bond Fund
20,195 shares $ 205,222
Merrill Lynch Massaschusetts Limited Maturity Municipal Bond Fund
18,800 shares $ 188,134
Merrill Lynch Michigan Limited Maturity Municipal Bond Fund
7,672 shares $ 76,722
Total 182,890 shares $ 1,839,029
12. Calculation of registration fee:
A) Merrill Lynch Arizona Limited Maturity Municipal Bond Fund
(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): + $ 105,019
(iii)Aggregate price of shares redeemed
or repurchased during the fiscal
year (if applicable): - $ 3,573,299
(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 upon
rule 24f-2 [line (i), plus line (ii), $ 0
less line (iii), plus line (iv)]
(if applicable):
(vi) Multiplier prescribed by Section
6(b) of the Securities Act of
1933 or other applicable law or
regulation : x 1/2900
(vii) Fee due [line (i) or line (v)
multiplied by line (vi)]: $ 0
B) Merrill Lynch California Limited Maturity Municipal Bond Fund
(i) Aggregate sale price of securities
sold during the fiscal year in
reliance on rule 24f-2
(from Item 10): $ 3,255,287
(ii) Aggregate price of shares issued
in connection with dividend
reinvestment plans (from Item
11, if applicable): + $ 203,723
(iii) Aggregate price of shares redeemed
or repurchased during the fiscal
year (if applicable): - $ 3,946,778
(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 upon
rule 24f-2 [line (i), plus line (ii), $ 0
less line (iii), plus line (iv)]
(if applicable):
(vi) Multiplier prescribed by Section
6(b) of the Securities Act of
1933 or other applicable law or
regulation : x 1/2900
(vii) Fee due [line (i) or line (v)
multiplied by line (vi)]: $ 0
C) Merrill Lynch Florida Limited Maturity Municipal Bond Fund
(i) Aggregate sale price of securities
sold during the fiscal year in
reliance on rule 24f-2
(from Item 10): $ 6,938,760
(ii) Aggregate price of shares issued
in connection with dividend
reinvestment plans (from Item
11, if applicable): + $ 444,297
(iii)Aggregate price of shares redeemed
or repurchased during the fiscal
year (if applicable): - $ 13,477,715
(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 upon
rule 24f-2 [line (i), plus line (ii), $ 0
less line (iii), plus line (iv)]
(if applicable):
(vi) Multiplier prescribed by Section
6(b) of the Securities Act of
1933 or other applicable law or
regulation : x 1/2900
(vii) Fee due [line (i) or line (v)
multiplied by line (vi)]: $ 0
D) Merrill Lynch New Jersey Limited Maturity Municipal Bond Fund
(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): + $ 245,020
(iii)Aggregate price of shares redeemed
or repurchased during the fiscal
year (if applicable): - $ 4,883,936
(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 upon
rule 24f-2 [line (i), plus line (ii), $ 0
less line (iii), plus line (iv)]
(if applicable):
(vi) Multiplier prescribed by Section
6(b) of the Securities Act of
1933 or other applicable law or
regulation : x 1/2900
(vii) Fee due [line (i) or line (v)
multiplied by line (vi)]: $ 0
E) Merrill Lynch New York Limited Maturity Municipal Bond Fund
(i) Aggregate sale price of securities
sold during the fiscal year in
reliance on rule 24f-2
(from Item 10): $ 7,011,734
(ii) Aggregate price of shares issued
in connection with dividend
reinvestment plans (from Item
11, if applicable): + $ 370,892
(iii) Aggregate price of shares redeemed
or repurchased during the fiscal
year (if applicable): - $ 5,440,463
(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 upon
rule 24f-2 [line (i), plus line (ii), $ 1,942,163
less line (iii), plus line (iv)]
(if applicable):
(vi) Multiplier prescribed by Section
6(b) of the Securities Act of
1933 or other applicable law or
regulation : x 1/2900
(vii) Fee due [line (i) or line (v)
multiplied by line (vi)]: $ 669.71
F) Merrill Lynch Pennsylvania Limited Maturity Municipal Money Fund
(i) Aggregate sale price of securities
sold during the fiscal year in
reliance on rule 24f-2
(from Item 10): $ 132,153
(ii) Aggregate price of shares issued
in connection with dividend
reinvestment plans (from Item
11, if applicable): + $ 205,222
(iii) Aggregate price of shares redeemed
or repurchased during the fiscal
year (if applicable): - $ 2,673,075
(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 upon
rule 24f-2 [line (i), plus line (ii), $ 0
less line (iii), plus line (iv)]
(if applicable):
(vi) Multiplier prescribed by Section
6(b) of the Securities Act of
1933 or other applicable law or
regulation : x 1/2900
(vii) Fee due [line (i) or line (v)
multiplied by line (vi)]: $ 0
G) Merrill Lynch Massachusetts Limited Maturity Municipal Bond Fund
(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): + $ 188,134
(iii) Aggregate price of shares redeemed
or repurchased during the fiscal
year (if applicable): - $ 5,612,169
(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 upon
rule 24f-2 [line (i), plus line (ii), $ 0
less line (iii), plus line (iv)]
(if applicable):
(vi) Multiplier prescribed by Section
6(b) of the Securities Act of
1933 or other applicable law or
regulation : x 1/2900
(vii) Fee due [line (i) or line (v)
multiplied by line (vi)]: $ 0
H) Merrill Lynch Michigan Limited Maturity Municipal Bond Fund
(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): + $ 76,722
(iii) Aggregate price of shares redeemed
or repurchased during the fiscal
year (if applicable): - $ 2,159,920
(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 upon
rule 24f-2 [line (i), plus line (ii), $ 0
less line (iii), plus line (iv)]
(if applicable):
(vi) Multiplier prescribed by Section
6(b) of the Securities Act of
1933 or other applicable law or
regulation : x 1/2900
(vii) Fee due [line (i) or line (v)
multiplied by line (vi)]: $ 0
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).
[ X ]
Date of mailing or wire transfer of filing fees to the
Commission's lockbox depository:
9/24/96
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
/s/Jaclyn Scheck
Jaclyn Scheck, Assistant Secretary
Date 9/24/96
September 24, 1996
Merrill Lynch Multi-State Limited
Maturity Municipal Series Trust
P.O. Box 9011
Princeton, New Jersey 08543-9011
Dear Sir or Madam:
This opinion is furnished in connection
with the notice (the "Notice") to be
filed by Merrill Lynch Multi-State Limited
Maturity Municipal Series Trust, a
Massachusetts business trust (the
"Trust"), with the Securities and
Exchange Commission pursuant
to Rule 24f-2 under the Investment
Company Act of 1940, as amended.
The Notice is being filed to make
definite the registration under the
Securities Act of 1933, as amended,
of 1,700,707 shares of beneficial
interest, par value $0.10 per share,
of the Trust (the "Shares") which
were sold during the Trust's fiscal
year ended July 31, 1996. The Shares
consist of 324,321 shares of beneficial
interest of Merrill Lynch California
Limited Maturity Municipal Bond
Fund (the "California Fund");
671,060 shares of beneficial interest
of Merrill Lynch Florida Limited
Maturity Municipal Bond Fund
(the "Florida Fund"); 692,716 shares
of beneficial interest of Merrill Lynch
New York Limited Maturity Municipal
Bond Fund (the "New York Fund"); and
12,610 shares of beneficial interest
of Merrill Lynch Pennsylvania Limited
Maturity Municipal Bond Fund (the
"Pennsylvania Fund"). The Arizona,
California, Florida, New Jersey,
New York, Pennsylvania, Massachusetts
and Michigan Funds comprise all of
the series of the Trust currently
offering their shares to the public.
As counsel for the Trust, we are
familiar with the proceedings taken
by it in connection with the authorization,
issuance and sale of the Shares. In
addition, we have examined and
are familiar with the Declaration
of Trust of the Trust, the By-Laws
of the Trust and such other documents
as we have deemed relevant to the
matters referred to in this opinion.
Based upon the foregoing, we are
of the opinion that the Shares were
legally issued, fully paid and
non-assessable.
In rendering this opinion, we have
relied as to matters of Massachusetts
law upon an opinion of Bingham,
Dana & Gould, dated September 19,
1996, rendered to the Trust.
We hereby consent to the filing
of this opinion with the Securities
and Exchange Commission as an
attachment to the Notice.
Very truly yours,
