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 Ltd Maturity Muni Bond Fund - Classes A,B,C & D
Merrill Lynch California Ltd Maturity Muni Bond Fund - Classes A,B,C & D
Merrill Lynch Florida Ltd Maturity Muni Bond Fund - Classes A,B,C & D
Merrill Lynch New Jersey Ltd Maturity Muni Bond Fund - Classes A,B,C & D
Merrill Lynch New York Ltd Maturity Muni Bond Fund - Classes A,B,C & D
Merrill Lynch Penn Ltd Maturity Muni Bond Fund - Classes A,B,C & D
Merrill Lynch Mass Ltd Maturity Muni Bond Fund - Classes A,B,C & D
Merrill Lynch Michigan Ltd Maturity Muni 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:
7/31/97
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 Limited Maturity Municipal Bond Fund 28,906 shares
Merrill Lynch California Limited 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 130,762 shares
Merrill Lynch New York Limited Maturity Municipal Bond Fund 0 shares
Merrill Lynch Pennsylvania Limited Maturity Municipal Bond Fund 0 shares
Merrill Lynch Massachusetts Ltd Maturity Muni Bond Fund 397,526 shares
Merrill Lynch Michigan Ltd Maturity Municipal Bond Fund 14,696 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 384,348 shares
Merrill Lynch California Ltd Maturity Municipal Bond Fund 81,094 shares
Merrill Lynch Florida Ltd Maturity Municipal Bond Fund 658,839 shares
Merrill Lynch New Jersey Ltd Maturity Municipal Bond Fund 513,061 shares
Merrill Lynch New York Ltd Maturity Municipal Bond Fund 0 shares
Merrill Lynch Pennsylvania Ltd Maturity Muni Bond Fund 262,306 shares
Merrill Lynch Massachusetts Ltd Maturity Muni Bond Fund 593,743 shares
Merrill Lynch Michigan Ltd Maturity Muni Bond Fund 248,783 shares
9. Number and aggregate sale price of securities sold during
the fiscal year:
Merrill Lynch Arizona Limited Maturity Municipal Bond Fund
50,569 shares $ 500,096
Merrill Lynch California Limited Maturity Municipal Bond Fund
490,819 shares $ 4,939,482
Merrill Lynch Florida Limited Maturity Municipal Bond Fund
783,806 shares $ 7,821,362
Merrill Lynch New Jersey Limited Maturity Municipal Bond Fund
145,388 shares $ 1,562,084
Merrill Lynch New York Limited Maturity Municipal Bond Fund
272,581 shares $ 2,753,492
Merrill Lynch Pennsylvania Limited Maturity Municipal Bond Fund
168,123 shares $ 1,704,055
Merrill Lynch Massachusetts Limited Maturity Municipal Bond Fund
88,663 shares $ 881,071
Merrill Lynch Michigan Limited Maturity Municipal Bond Fund
124,596 shares $ 1,248,506
Total 2,124,545 shares $ 21,410,148
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
409,725 shares $ 4,228,362
(based on MOP of $10.32)
Merrill Lynch Florida Limited Maturity Municipal Bond Fund
124,967 shares $ 1,270,914
(based on MOP of $10.17)
Merrill Lynch New Jersey Limited Maturity Municipal Bond Fund
0 shares $ 0
Merrill Lynch New York Limited Maturity Municipal Bond Fund
272,581 shares $2,753,492
Merrill Lynch Pennsylvania Limited Maturity Municipal Bond Fund
0 shares $ 0
Merrill Lynch Massachusetts Limited Maturity Municipal Bond Fund
0 shares $ 0
Merrill Lynch Michigan Limited Maturity Municipal Bond Fund
0 shares $ 0
Total 807,273 shares $ 8,252,768
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
5,879 shares $ 59,285
Merrill Lynch California Limited Maturity Municipal Bond Fund
44,864 shares $ 209,482
Merrill Lynch Florida Limited Maturity Municipal Bond Fund
32,308 shares $ 321,867
Merrill Lynch New Jersey Limited Maturity Municipal Bond Fund
27,138 shares $ 183,929
Merrill Lynch New York Limited Maturity Municipal Bond Fund
39,868 shares $ 402,314
Merrill Lynch Pennsylvania Limited Maturity Municipal Bond Fund
19,877 shares $ 201,554
Merrill Lynch Massaschusetts Limited Maturity Municipal Bond Fund
12,892 shares $ 128,487
Merrill Lynch Michigan Limited Maturity Municipal Bond Fund
8,600 shares $ 82,466
Total 191,426 shares $ 1,589,384
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): + $ 59,285
(iii)Aggregate price of shares redeemed
or repurchased during the fiscal
year (if applicable): - $ 1,681,090
(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 1/3300
(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): $ 4,228,362
(ii) Aggregate price of shares issued
in connection with dividend
reinvestment plans (from Item
11, if applicable): + $ 209,482
(iii) Aggregate price of shares redeemed
or repurchased during the fiscal
year (if applicable): - $ 6,588,503
(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 1/3300
(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): $ 1,270,914
(ii) Aggregate price of shares issued
in connection with dividend
reinvestment plans (from Item
11, if applicable): + $ 321,867
(iii)Aggregate price of shares redeemed
or repurchased during the fiscal
year (if applicable): - $ 10,815,050
(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 1/3300
(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): + $ 183,929
(iii)Aggregate price of shares redeemed
or repurchased during the fiscal
year (if applicable): - $ 4,070,591
(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 1/3300
(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): $ 2,753,492
(ii) Aggregate price of shares issued
in connection with dividend
reinvestment plans (from Item
11, if applicable): + $ 402,314
(iii) Aggregate price of shares redeemed
or repurchased during the fiscal
year (if applicable): - $ 6,761,289
(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 1/3300
(vii) Fee due [line (i) or line (v)
multiplied by line (vi)]: $ 0
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): $ 0
(ii) Aggregate price of shares issued
in connection with dividend
reinvestment plans (from Item
11, if applicable): + $ 201,554
(iii) Aggregate price of shares redeemed
or repurchased during the fiscal
year (if applicable): - $ 3,165,149
(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 1/3300
(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): + $ 128,487
(iii) Aggregate price of shares redeemed
or repurchased during the fiscal
year (if applicable): - $ 3,308,679
(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 1/3300
(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): + $ 82,466
(iii) Aggregate price of shares redeemed
or repurchased during the fiscal
year (if applicable): - $ 1,162,383
(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 1/3300
(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).
[ ]
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
/s/Jaclyn Scheck
Jaclyn Scheck, Assistant Secretary
Date 9/24/97
BROWN & WOOD LLP
One World Trade center
New York, N.Y. 10048-0557
Telephone: 212-839-5300
Facsimile: 212-839-5599
September 24, 1997
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
807,273 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, 1997. The Shares consist of 409,725
shares of beneficial interest of Merrill Lynch California Limited
Maturity Municipal Bond Fund (the "California Fund"); 124,967
shares of beneficial interest of Merrill Lynch Florida Limited
Maturity Municipal Bond Fund (the "Florida Fund"); and 272,581
shares of beneficial interest of Merrill Lynch New York Limited
Maturity Municipal Bond Fund (the "New York Fund"). The
California, Florida and New York Funds comprise three of the
eight 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 22, 1997, 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,
/s/ Brown & Wood LLP