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(Letterhead of Prudential Securities Incorporated)
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
RULE 24F-2 NOTICE FOR
GOVERNMENT SECURITIES EQUITY TRUST SERIES 7
Registration Number 33-51937
May 31, 1995
Pursuant to Regulation 270.24f-2 ("Rule 24f-2")
promulgated under the Investment Company Act of 1940, as
amended, Prudential Securities Incorporated, as Sponsor of the
above captioned trust (the "Trust"), a unit investment trust
which elected to register an indefinite number of units in
accordance with Rule 24f-2, hereby submits the notice and
information required by Rule 24f-2:
(i) The fiscal year for which this notice is filed
is the period beginning on and including April 1, 1994 and
ending on and including March 31, 1995 (the "Period").
(ii) The number or amount of securities of the same
class or series which have been registered under the Securities
Act of 1933, as amended, other than pursuant to Rule 24f-2 but
which remain unsold at the beginning of the Period was none.
(iii) The number or amount of securities registered
during the Period other than pursuant to Rule 24f-2 was none.
(iv) The number of securities sold during the Period
was 2,024,235.*
(v) Based on the number of securities referred to in
paragraph (iv) above, net of redemptions or repurchases
referred to in the footnote, the number of securities sold
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* Actual aggregate sale price for which securities were sold
was $30,265,534.00, less actual aggregate price of
securities redeemed or repurchased, $4,643,028.00, equals
the net aggregate sale price of $25,622,506.00.
The registration fee of $8,835.35 in respect of
$25,622,506.00 of securities is included in this filing
via wire transfer to the designated lockbox.
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during the Period in reliance upon registration pursuant to
Rule 24f-2 was 1,699,295.
Very truly yours,
PRUDENTIAL SECURITIES
INCORPORATED
By Richard R. Hoffmann
Richard R. Hoffmann
First Vice President
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(Letterhead of Cahill Gordon & Reindel)
May 31, 1995
(212) 701-3000
Prudential Securities Incorporated
One Seaport Plaza
New York, New York 10292
Re: Government Securities Equity Trust Series 7
Gentlemen:
We have acted as special counsel for you, as
Sponsor of the above referenced trust, (a Unit Investment
Trust, herein called the "Trust"), in connection with the
issuance under a Trust Indenture and Agreement and related
Reference Trust Agreement (collectively, the "Indenture"),
among you and United States Trust Company of New York, as
Trustee, of units of fractional undivided interest in the
Trust (in the aggregate, the "Units").
During the fiscal year ended March 31, 1995,
certain Units were sold by you upon their initial issuance
and/or in connection with your maintenance of a secondary
market for Units. United States Trust Company of New York,
as Trustee, has confirmed that certificates evidencing the
Units have been executed and delivered by the depositor and
the Trustee or the ownership of Units has been recorded on
the books of the Trustee, in either case in accordance with
the Indenture.
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We have examined copies of such documents
delivered by the United States Trust Company of New York,
the Indenture, the form of certificate evidencing the
Units, the Rule 24f-2 Notice being filed today with the
Securities and Exchange Commission and such other documents
as we have deemed necessary or advisable for purposes of
this opinion. We have assumed that the copies of the
documents we have reviewed and the signatures thereon are
genuine.
Based upon the foregoing, and in reliance upon
such documents delivered by the United States Trust Company
of New York, we are of the opinion that the Units,
registration of which such Rule 24f-2 Notice makes definite
in number, were legally issued, fully paid and
nonassessable.
Very truly yours,
CAHILL GORDON & REINDEL
