U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON DC 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24F-2
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1. Name and address of issuer:
Tax Free Fund of Vermont, Inc.
87 North Main Street
Rutland, VT 05701-3257
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2. Name of each series or class of funds for which this Form is filed. (If the
Form is being filed for all series and classes of securitiesof the issuer,
check the box but do not list series or classes)
[X]
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3. Investment Company Act File Number: 811-6328
Securities Act File Number: 33-41043
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4(a). Last day of fiscal year for which this notice is filed:
December 31, 1999
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4(b). [ ] Check box if this form is being filed late (i.e., more than 90 days
calendar days after the end of the issuer's fiscal year). (See
Instruction A.2)
Note: If the form is being filed late, interest must be paid on the registration
fee due.
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4(c). [ ] Check this box if this is the last time the issuer will be
filing this Form.
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<TABLE>
<CAPTION>
5. Calculation of Registration Fee
<S> <C> <C> <C>
(i) Aggregate sale price of securities sold during the
fiscal year pusuant to section 24(f): $1,692,193
(ii) Aggregate price of securities redeemed or
repurchased during the fiscal year: $1,855,693
(iii) Aggregate price of securities redeemed or
repurchased during any prior fiscal year ending
no earlier than October 11, 1995 that were
not previously used to reduce regstration
fees payable to the commission: $ 0
(iv) Total available redemption credits
[add items 5(ii) and 5(iii)]: $1,855,693
(v) Net sales - if item 5(i) is greater than
Item 5(iv) [subtract item 5(iv) from item 5(i)]: $ (163,500)
(vi) Redemption credits available for use in future
years - if item 5(i) is less than item
5(iv)[subtract item 5(iv) from item 5(i)]: $ (163,500)
(vii) Multiplier for determining registration
fee (See Instrutions C.9): .000264
(viii)Registration fee due [multiply item 5(v)
by item 5(vii)](enter "0" if no fee is due): $ 0
</TABLE>
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6. Prepaid Shares
If the Response to item 5(i) was determined by deducting an amount of
securities that were registered under the Securities Act of 1933 pusuant to
rule 24e-2 as in effect before[effective date of recissionof rule 24e-2],
then report the amount of securities (number of shares or other units)
deducted here:_______. If there is a number of shares or other units that
were registerd pusuant to rule 24e-2 remaining unsold at the end of the
fiscal year for which this form is filed are available for use by the
issuer in future fiscal years, then state the number here:______.
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7. Interest due if this Form is being filed more than 90 days after the end of
the isuuer's fiscal year (see Instuction D): 0
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8. Total of the amount of the registration fee due plus any interest due [Line
5(viii) plus line 7]: $ 0
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9. Date the registration fee and any interest payment was sent to the
Commssion's lockbox depository:
Method of Delivery: Credit Balance on deposit in the amount of $760.91
[ X ] Wire Transfer
[ ] Mail or other means
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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)*_____________________________________________________
William H. Hahn, CPA / Advisor
Date: March 27,2000
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*Please print the name and title of the signing officer below the signature.
