January 8, 1996
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Rule 24f-2 Notice for D.L. Babson Bond Trust
File Nos. 811-495 and 2-10002
Sir or Madam:
This 24f-2 Notice is filed to make definite the shares sold by the Fund
during the fiscal year ended November 30, 1995.
Portfolio L
(i) This notice is filed for the fiscal year ended November 30,
1995.
(ii) No shares were registered other than pursuant to the Rule at
the beginning of the fiscal year.
(iii) No shares were registered during the fiscal year other than
pursuant to Rule 24f-2.
(iv) Aggregate sales of shares of the series during the fiscal
year totaled $28,428,269.
*(v) Aggregate sales of shares of the series during the fiscal
year pursuant to this Rule were $28,428,269.
*Aggregate sales of shares $28,428,269
Total redemptions during the Fiscal Year 28,063,464
$364,805
Registration Fee: $127.80
Portfolio S
(i) This notice is filed for the fiscal year ended November 30,
1995.
(ii) No shares were registered other than pursuant to the Rule at
the beginning of the fiscal year.
(iii) No shares were registered during the fiscal year other than
pursuant to Rule 24f-2.
(iv) Aggregate sales of shares of the series during the fiscal
year totaled $8,583,142.
*(v) Aggregate sales of shares of the series during the fiscal
year pursuant to this Rule were $8,583,142.
*Aggregate sales of shares $8,583,142
Total redemptions during the Fiscal Year 9,107,392
($524,250)
Registration Fee: $0
All figures are computed at net asset value because Fund shares are sold
without sales charge.
Attached to this Rule 24f-2 Notice, and made a part hereof, is an opinion of
counsel indicating that the securities, the registration of which this Notice
makes definite in amount, were legally issued, fully-paid and non-assessable.
Very truly yours,
P. Bradley Adams
Vice President & Treasurer
Enclosures
John G. Dyer
Attorney at Law
Three Crown Center
2440 Pershing Road, Suite G-15
Kansas City, MO 64106
816-471-5200
January 12, 1996
D. L. Babson Bond Trust
Three Crown Center
2440 Pershing Road
Kansas City, MO 64108
Gentlemen:
D. L. Babson Bond Trust (the "Fund") is a common law trust
organized and existing under the laws of the State of Missouri. I
am currently acting as "in house" counsel for the Fund, and it is
in my capacity as in-house counsel to the Fund that I am
furnishing you with this opinion.
I have examined the Agreement and Declaration of Trust of D. L.
Babson Bond Trust, the Fund's Registration Statement under the
Securities Act of 1933, and the Fund's Registration Statement
under the Investment Company Act of 1940, as amended, both on
Form N-1A; and such other documents, including the minutes of
Directors and shareholders meetings, which I deem necessary or
appropriate to this opinion.
The Fund is currently authorized to issue an unlimited number of
shares of beneficial interest of two classes known as Portfolio L
and Portfolio S. Each share of Portfolio L has a par value of
twenty-five cents ($0.25) per share and each share of Portfolio S
has a par value of one dollar ($1.00).
As of the close of the Fund's last fiscal year, November 30,
1995, there were outstanding approximately 101,594,585 shares of
Beneficial Interest of Portfolio L and 3,349,915 shares of
Beneficial Interest of Portfolio S.
Pursuant to Rule 24f-2, the Fund has requested this opinion in
order to comply with the notice requirement of the said Rule and
for the purpose of registering under the Securities Act of 1933,
shares of Beneficial Interest of Portfolio L having a value of
$28,428,269 and shares of Beneficial Interest of Portfolio S
having a value of $8,583,142 sold by the fund during its most
recent fiscal year ended November 30, 1995. Such shares were
sold in accordance with the Fund's method of distributing its
registered shares whereby currently effective prospectuses are
made available for delivery to offerees and purchasers of shares
in accordance with Section 5(b) of the Securities Act of 1933.
PAGE 1 OF 2 PAGES
D. L. Babson Bond Trust
January 12, 1996
Based upon the foregoing information and examination, it is my
opinion that the Fund is a valid and subsisting common law trust
under the laws of the State of Missouri, that the proposed
registration of the shares of Beneficial Interest of Portfolio L
having a value of $28,428,269 and shares of Beneficial Interest
Portfolio S having a value of 8,583,142 is proper, that such
shares, which were issued for a consideration which was deemed by
the Board of Directors consistent with the Agreement and
Declaration of Trust, are legally issued, fully-paid, and
non-assessable shares, and that the holders of such shares have
all the rights provided for with respect to such shares by the
Agreement and Declaration of Trust and the laws of the State of
Missouri.
I hereby consent to the use of this opinion as an exhibit to the
Notice under Rule 24f-2 of the Fund, covering the registration of
the said shares under the Securities Act and the applications and
registration statements, and amendments thereto, filed in
accordance with the securities laws of the several states in
which shares of the Fund are offered, and I further consent to
reference in the Prospectus of the fund to the fact that this
opinion concerning the legality of the issue has been rendered by
me.
Sincerely,
John G. Dyer
John G. Dyer
JGD/com
PAGE 2 OF 2 PAGES
