SECURITIES AND EXCHANGE COMMISSION
WASHINGTON , D.C. 20549
RULE 24f-2 NOTICE
USAA STATE TAX-FREE TRUST
(Name of Registrant)
10750 Robert F. McDermott Freeway
San Antonio, Texas 78288
(Location of principal executive offices)
Florida Tax-Free Income Fund
Florida Tax-Free Money Market Fund
Texas Tax-Free Income Fund
Texas Tax-Free Money Market Fund
(Title of securities with respect to which Notice is filed)
File No. 33-65572
1. Notice filed for fiscal year: March 31, 1995
2. Number 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 but which remained unsold at the beginning
of such fiscal year: NONE
3. Amount of securities, if any, registered during such fiscal
year other than pursuant to Rule 24f-2: NONE
4. Amount of securities sold during such fiscal year:
Florida Tax-Free Florida Tax-Free
Income Fund Money Market Fund
Shares - 4,140,393 Shares - 102,679,952
Amount $36,242,411 Amount $102,679,952
Texas Tax-Free Texas Tax-Free
Income Fund Money Market Fund
Shares - 808,361 Shares - 6,561,860
Amount $7,898,173 Amount $6,561,860
5. Number and amount of securities sold during such fiscal year
in reliance upon registration pursuant to Rule 24f-2:
Florida Tax-Free Florida Tax-Free
Income Fund Money Market Fund
Shares - 4,140,393 Shares - 102,679,952
Amount $36,242,411 Amount $102,679,952
Texas Tax-Free Texas Tax-Free
Income Fund Money Market Fund
Shares - 808,361 Shares - 6,561,860
Amount $7,898,173 Amount $6,561,860
The actual aggregate sales price for which such securities were
sold for each series was:
Florida Tax-Free Florida Tax-Free
Income Fund Money Market Fund
$ 36,242,411 $ 102,679,952
Texas Tax-Free Texas Tax-Free
Income Fund Money Market Fund
$ 7,898,173 $ 6,561,860
During the fiscal year ended March 31, 1995, the actual aggregate
redemption price of securities of the same series redeemed by the
Registrant was:
Florida Tax-Free Florida Tax-Free
Income Fund Money Market Fund
$ 20,495,179 $ 81,418,906
Texas Tax-Free Texas Tax-Free
Income Fund Money Market Fund
$ 1,857,236 $ 2,747,760
No portion of such aggregate redemption price (each series) has
been applied by the Registrant pursuant to Rule 24e-2(a) in a
filing made pursuant to Section 24(e)(1) of the Investment
Company Act of 1940.
Pursuant to Rule 24f-2(c), the registration fee with respect to
the securities sold is calculated as follows:
Sales Redemptions
Florida Tax-Free Income Fund $ 36,242,411 $20,495,179
Florida Tax-Free Money Market
Fund 102,679,952 81,418,906
Texas Tax-Free Income Fund 7,898,173 1,857,236
Texas Tax-Free Money Market
Fund 6,561,860 2,747,760
------------ -----------
$153,382,396 - 106,519,081 = $46,863,315
X .00034483 = $16,159.88
Based on the calculations above, a wire in the amount of
$ 16,159.88 will be transferred on May 17, 1995.
6. The required opinion of counsel follows.
USAA STATE TAX-FREE TRUST
By Sherron Kirk, Treasurer
DATED: May 18, 1995
May 10, 1995
Securities and Exchange Commission
450 Fifth Street, N.W.
Judiciary Plaza
Washington, D.C. 20549
Re: Rule 24f-2 Notice for USAA State Tax-Free Trust
1933 Act File No. 33-65572
Gentlemen:
As counsel to USAA State Tax-Free Trust (the "Registrant"), we have been
requested to render this opinion in connection with the filing by the Registrant
of a Rule 24f-2 Notice with respect to its fiscal period ended March 31, 1995
(the "Notice").
Reference is made to paragraph 5 of the Notice wherein the Registrant
reports the number of shares (the "Shares") of beneficial interest representing
interests in the Florida Tax-Free Income Fund, Florida Tax-Free Money Market
Fund, Texas Tax-Free Income Fund and Texas Tax-Free Money Market Fund series of
the Registrant sold during the fiscal year March 31, 1995 in reliance upon Rule
24f-2 under the Investment Company Act of 1940, as amended.
We have examined the Master Trust Agreement of the Registrant, as amended,
the By-Laws of the Registrant, as amended, the Notice, certain resolutions
adopted by the Trustees of the Registrant, and such other documents as we deemed
necessary for purposes of this opinion.
Based upon the foregoing, and assuming that all of the shares were sold,
issued and paid for in accordance with the terms of the Prospectuses and
Statements of Additional Information contained in the Registrant's Registration
Statement on Form N-1A in effect at the time of sale, in our opinion the Shares
were legally issued and are fully paid and non-assessable by the Registrant.
Very truly yours,
GOODWIN, PROCTER & HOAR
176620.c1
