U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM 24F-2
ANNUAL NOTICE OF SECURITIES SOLD PURSUANT TO RULE 24F-2
1. Name and address of issuer:
Lord Abbett Securities Trust-Growth & Income Trust
Acquired Fund:
Lord Abbett Fundamental Value Fund, Inc.
767 Fifth Avenue
New York, New York 10153
2. Name of each series or class of funds for which this notice is filed:
Growth & Income Trust (A and C Classes)
3. Investment Company Act File Number:
811-7538 (Investment Company Act File Number for Acquired Fund: Lord
Abbett Fundamental Value Fund, Inc. 811-4648)
Securities Act File Number:
33-58846 (Securities Act File Number for Acquired Fund: Lord Abbett
Fundamental Value Fund, Inc. 33-5188)
4. Last day of fiscal year for which this notice is filed:
October 31, 1996 (includes, for Lord Abbett Fundamental Value Fund,
Inc. and its corresponding Acquiring Series-Growth & Income Trust (A
Class)-the period from July 1, 1996 through October 31, 1996)
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 (see Instruction A.6):
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:
None
1
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8. Number and amount of securities registered during the fiscal year other
than pursuant to rule 24f-2:
None
9. Number and aggregate sale price of securities sold during the fiscal year:
12,143,099 shares $79,425,651
Includes 12,261 shares ($130,100) sold by the Acquired Fund.
10. Number and aggregate sale price of securities sold during the fiscal year
in reliance upon registration pursuant to rule 24f-2:
12,143,099 shares $79,425,651
Includes 12,261 shares ($130,100) sold by the Acquired Fund.
11. Number and aggregate sale price of securities issued during the fiscal year
in connection with dividend reinvestment plans, if applicable (see
Instruction B.7):
356,415 shares $3,621,784
Includes 190,127 shares ($2,542,885) issued by the Acquired Fund.
12. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the fiscal year in
reliance on rule 24f-2 (from Item 10):
$79,425,651
(ii) Aggregate price of shares issued in connection with dividend
reinvestment plans (from Item 11, if applicable):
+3,621,784
(iii) Aggregate price of shares redeemed or repurchased during the fiscal
year (if applicable):
-54,704,378
Includes $43,691,760 for the Acquired Fund.
2
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(iv) Aggregate price of shares redeemed or repurchased and previously
applied as a reduction to filing fees pursuant to rule 24e-2 (if
applicable):
+
(v) Net aggregate price of securities sold and issued during the fiscal
year in reliance on rule 24f-2 [line (i), plus line (ii), less line
(iii), plus line (iv)] (if applicable):
$28,343,057
(vi) Multiplier prescribed by Section 6(b) of the Securities Act of 1933 or
other applicable law or regulation (see Instruction 6.C):
x.0003030303
(vii) Fee due [line (i) or line (v) multiplied by line (vi)]:
$8,588.81
Instruction: ISSUERS SHOULD COMPLETE LINES (II), (III), (IV) AND (V) ONLY
IF THE FORM IS BEING FILED WITHIN 60 DAYS AFTER THE CLOSE OF THE
ISSUER'S FISCAL YEAR. See Instruction C.3.
13. Check box if fees are being remitted to the Commission's lockbox depository
as described in section 3a of the Commissions's Rules of Informal and Other
Procedures (17 CFR 202.3a). X
Date of mailing or wire transfer of filing fees to the Commissions'
lockbox depository: December 30, 1996
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/ Thomas F. Konop
Name: Thomas F. Konop
Title: Vice President, Lord Abbett Securities Trust
Date: December 30, 1996
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DEBEVOISE & PLIMPTON
875 THIRD AVENUE
NEW YORK, NEW YORK 10022
(212) 909-6000
December 30, 1996
Lord Abbett Securities Trust
The General Motors Building
767 Fifth Avenue
New York, New York 10153
Dear Sirs:
We refer to the Rule 24f-2 Notice (the "Rule 24f-2 Notice")
dated today, relating to the Registration Statement on Form N-1A covering shares
of beneficial interest, no par value, of Lord Abbett Securities Trust, a
Delaware business trust (the "Fund"). The Fund has registered an indefinite
number of shares of beneficial interest under such Registration Statement
pursuant to Rule 24f-2 under the Investment Company Act of 1940, as amended. The
Rule 24f-2 Notice makes definite the number of shares of beneficial interest of
the Fund (12,130,838) that were so registered during the fiscal year ended
October 31, 1996.
Pursuant to a reorganization of various Lord Abbett-sponsored
funds which took place on July 12, 1996, Growth & Income Trust series of the
Fund (the "Acquiring Series") acquired the assets and liabilities of Lord Abbett
Fundamental Value Fund, Inc. (the "Acquired Fund") in exchange for Class A
shares of the Acquiring Series.
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L
The Fund is relying on the KEMPER TOTAL RETURN
FUND no-action letter (pub. avail. Feb. 6, 1995), with
respect to the fees and redemption credits of the Acquired
Fund.
We have examined and relied upon originals, or copies
certified to our satisfaction, of such corporate records, documents,
certificates and other instruments as in our judgment are necessary or
appropriate to enable us to
render the opinion set forth below.
We are of the following opinion:
(a) The 12,130,838 shares of beneficial interest of
the Fund, the registration of which the Rule
24f-2
Notice makes definite in number, were legally
issued, fully paid and nonassessable; and
(b) The 12,261 shares of capital stock of the Acquired Fund issued
during the period covered by the Rule 24f-2 Notice were
legally issued, fully paid and
non-assessable.
We hereby consent to the use of this opinion in connection
with the filing of the Rule 24f-2 Notice. In giving such consent, we do not
thereby admit that we come within the category of persons whose consent is
required under Section 7 of the Securities Act of 1933, as amended, or the rules
and regulations of the Securities and Exchange Commission thereunder.
Very truly yours,
DEBEVOISE & PLIMPTON
