August 16, 1995
Rule 24f-2 Notice for Gradison-McDonald Municipal Custodian Trust
1933 Act Registration No. 33-48613
Pursuant to Rule 24f-2 under the Investment Company Act of 1940, the
registrant, Gradison-McDonald Municipal Custodian Trust, hereby advises
as follows:
1. The fiscal period for which this notice is filed is the fiscal period
ended June 30, 1995.
2. The number of securities of the same class registered under the
Securities Act of 1933 other than pursuant to Rule 24f-2 which remained
unsold at beginning of said year is none.
3. The number of securities registered during said fiscal period other
than pursuant to Rule 24f-2 is none.
4. The number of securities sold during said period is 1,625,919*.
5. The number of securities sold during said fiscal period in reliance
upon registration pursuant to Rule 24f-2 is 1,625,919*.
Calculation of Filing Fee
Aggregate Sale
Number of Shares (Redemption) Price
Shares of beneficial
interest, no par value,
sold during the fiscal
period ended June 30,
1995* 1,625,919 $20,432,668
Shares redeemed during the
fiscal period ended June
30, 1995 2,159,199 26,823,706
Net aggregate sales (533,280) ($ 6,391,038)
Amount of filing fee at 1/2900
of net aggregate sales price $0
* Calculation of filing fee does not include an aggregate of
296,233 shares issued as dividends.
GRADISON-MCDONALD MUNICIPAL CUSTODIAN TRUST
|S| Richard M. Wachterman
By: Richard M. Wachterman
Secretary
Gradison Division
McDonald & Company Securities, Inc.
580 Walnut Street
Cincinnati, Ohio 45202
(513) 579-5076
August 16, l995
Gradison-McDonald Municipal Custodian Trust
580 Walnut Street
Cincinnati, Ohio 45202
Dear Sir or Madam:
Reference is made to the Notice pursuant to Rule 24f-2 under the Investment
Company Act of l940, as amended, to be filed with the Securities & Exchange
Commission with respect to the shares of beneficial interest, without par
value, sold by the Gradison-McDonald Municipal Custodian Trust (the "Trust")
during the period ended June 30, l995 (such shares are hereinafter referred
to as the "Shares").
I wish to advise you that I have reviewed the Trust's Declaration of Trust,
its By-Laws, the record of proceeding of its shareholders and trustees from
the date of its organization until the present time, the applicable
provisions of the laws of the State of Ohio under which the Trust was
organized, and such other documents and questions of law as I deem necessary
for the purpose of this opinion.
Based upon the foregoing, I am of the opinion that the Trust had authority to
issue the Shares and that, assuming such Shares were issued pursuant to the
terms, provisions and conditions set forth in the then current Registration
Statement of the Trust, under the Securities Act of l933, as amended,
(Registration No.33-48613), the Shares were validly issued, fully paid and
nonassessable.
Respectfully submitted,
|S| Richard M. Wachterman
Richard M. Wachterman
General Counsel
