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UNITED STATES
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:
MIDWEST EQUITY TRUST
251 N. Illinois Street, Suite 500
Indianapolis, IN 46204
2. Name of each series or class of securities for which this Form is filed:
Financial Securities Series 1 Units
3. Investment Company Act File Number:
File 811-7058
Securities Act File Number:
File 33-50138
4 (a). Last day of fiscal year for which this Form is filed:
March 31, 1998
(b). [ ] Check box if this Form is being filed late (i.e. more than 90
calendar days after the end of the issuer's fiscal year).
(c). [ ] Check box if this is the last time the issuer will be filing this
Form.
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5. Calculation of registration fees:
(i) Aggregate sales price of securities sold during the
fiscal year pursuant to section 24(f): $686,576.77
(ii) Aggregate price of securities redeemed or repurchased
during the fiscal year: 681,050.68
(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 registration fees payable to the Commission: 50,554.00
(iv) Total available redemption credits: 731,604.68
(v) Net sales - if Item 5(i) is greater than Item 5(iv): - 0 -
(vi) Redemption credits available for use in future years -
if Item 5(i) is less than Item 5(iv): $ 45,027.91
(vii) Multiplier for determining registration fee: .000295
(viii) Registration fee due: $ 0.00
6. Prepaid Shares:
4,118
7. Interest due - if this Form is being filed more than
90 days after the end of the issuer's fiscal year: $ 0.00
8. Total of the amount of the registration fee plus any
interest due: $ 0.00
9. Date the registration fee and any interest payment was
sent to the Commission's lockbox depository:
No fee due.
Method of delivery:
[ ] Wire transfer
[ ] Mail or other means
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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/ J. Douglas Townsend
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J. Douglas Townsend, CPA
Senior Vice President and
Chief Administrative Officer
NatCity Investments, Inc.
Sponsor of the Trust
