FORM 24F-2
Annual Notice of Securities Sold Pursuant to Rule 24F-2
1. Name and address of issuer: Rydex Series Trust
6116 Executive Boulevard,
Suite 400
Rockville, MD 20852
2. Name of each series or class of funds for which this notice
is filed:
Rydex Nova Fund, Rydex Ursa Fund, Rydex U.S. Government
Money Market Fund, Rydex Over-the-Counter, Rydex
Precious Metals Fund, Rydex U.S. Government Bond Fund,
Rydex Juno Fund
3. Investment Company Act File Number: 811-7584
Securities Act File Number: 33-59692
4. Last day of fiscal year for which this notice is filed:
June 30, 1996
5. Check box if this notice if 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
24f2(a)(1), if applicable.
n/a
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 24-2 in a prior fiscal year, but
which remained unsold at the beginning of the fiscal year:
n/a
8. Number and amount of securities registered during the fiscal
year other than pursuant to rule 24f-2:
n/a
9. Number and aggregate sale price of securities sold during
the fiscal year:
4,906,113,382 shares $12,559,977,031
10. Number and aggregate sale price of securities sold during
the fiscal year in reliance upon registration pursuant to<PAGE>
rule 24f-2:
4,906,113,382 shares $12,559,977,031
11. Number and aggregate sale price of securities issued during
the fiscal year in connection with dividend reinvestment
plans, if applicable:
7,673,154 shares $9,759,636
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)
$12,559,977,031
(ii) Aggregate price of shares issued in connection
with dividend reinvestment plans (from item 11, if
applicable)
+9,759,636
(iii)Aggregate price of shares redeemed or repurchased
during the fiscal year
-12,461,277,795
(iv) Aggregate price of shares redeemed or repurchased
and previously applied as a reduction of filing
fees pursuant to rule 24e-2 (if applicable):
+0
(v) Net aggregate price of securities sold and issued
during the fiscal year in reliance on rule 24f-2
[line (l), plus line (ii), less line (iii), plus
line (iv)] (if applicable)
108,458,872
(vi) Multiplier prescribed by Section 6(b) of the
Securities Act of 1933 or other applicable law or
regulation
x.00034482758
(vii)Fee due [line (l) or line (v) multiplied by line
(vi)]:
$37,399.61
13. Check Box if fees being remitted to the Commission's lockbox
depository as described in section 3a of the Commission's
Rule of Informal and Other Procedures<PAGE>
Date of mailing or wire transfer of filing fees to the
Commission's lockbox depository:
August 27, 1996 by wire transfer
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)/s/ Albert P. Viragh
Albert P. Viragh, President
Date: 8/27/96<PAGE>
