Rule 24f-2 Notice
SOUTHTRUST VULCAN FUNDS
(Fund Name)
Federated Investors Tower
Pittsburgh, Pennsylvania 15222-3779
1933 Act No. 33-46190
(i) fiscal period for which notice is filed April 30, 1995
(ii) 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 May 1, 1994,
the beginning of the Registrant's fiscal
period -0-
(iii) 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-
(iv) The number or amount of securities
sold during the fiscal period of this
notice 921,976,346
(v) 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) 921,976,346
WITNESS the due execution hereof this 15th day of June, 1995.
By: /s/Mark A. Sheehan
Mark A. Sheehan
Assistant Secretary
COMPUTATION OF FEE
1. 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) $1,071,194,039
2. 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 $900,390,985
(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 $ 900,390,985
Total amount upon which the fee calculation specified
in Section 6(b) of the Securities Act of 1933 is based $ 170,803,054
FEE SUBMITTED (1/29 of 1% of Total amount) $ 58,898
Federated Administrative
Services
FEDERATED INVESTORS TOWER
PITTSBURGH, PA 15222-3779
412-288-1900
June 15, 1995
SouthTrust Vulcan Funds
Federated Investors Tower
Pittsburgh, PA 15222-3779
Gentlemen:
You have requested my opinion for use in conjunction with a Rule 24f-2
Notice for SouthTrust Vulcan Funds ("Trust") to be filed in respect of shares
of the Trust ("Shares") sold for the fiscal year ended April 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-
46190) ("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 Master
Trust Agreement dated
March 4, 1992, the By-Laws 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 that the Shares sold for
the fiscal year ended April 30, 1995, the 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,
Mark A. Sheehan
Assistant Secretary
SouthTrust Vulcan Funds
