Final Rule 24f-2 Notice
TRUST FOR FINANCIAL INSTITUTIONS
(Fund Name)
Federated Investors Tower
Pittsburgh, Pennsylvania 15222-3779
1933 Act No. 33-49771
(i) fiscal period for which notice is filed March 31, 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 April 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 131,746,304
(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) 131,746,304
WITNESS the due execution hereof this 15th day of May, 1995.
By: /s/Robert C. Rosselot
Robert C. Rosselot
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) $134,422,330
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 $365,089,422
(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- 365,089,422
Total amount upon which the fee calculation specified
in Section 6(b) of the Securities Act of 1933 is
based $(230,667,092)
FEE SUBMITTED (1/29 of 1% of Total amount) $ -0-
Trust for Financial Institutions
Page 2
May 15, 1995
Federated Administrative
Services
FEDERATED INVESTORS TOWER
PITTSBURGH, PA 15222-3779
412-288-1900
May 15, 1995
Trust for Financial Institutions
Federated Investors Tower
Pittsburgh, Pennsylvania 15222-3779
Gentlemen:
You have requested my opinion for use in conjunction with the
Final Rule 24f-2 Notice for Trust for Financial Institutions (the "Trust") to
be filed in respect of shares of the Trust (the "Shares") sold for the fiscal
year ended March 31, 1995, pursuant to the Trust's registration statement
filed with the Securities and Exchange Commission (the "SEC") under the
Securities Act of 1933, as amended (File No. 33-49771) (the "Registration
Statement").
In the 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,
as amended. Further, I have examined and am familiar with the provisions of
the Declaration of Trust dated May 28, 1993 (the "Declaration of Trust"), the
Bylaws 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 March 31, 1995, 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,
/s/Robert C. Rosselot
Robert C. Rosselot
Corporate Counsel
RCR/dlm
