U.S. SECURITIES AND EXCHANGE COMMISSION
Washington , D.C. 20549
FORM 24f-2
Annual Notice of Securities Sold
Pursuant to Rule 24F-2
Read instructions at end of Form before preparing Form.
Please print or type.
1. Name and address of issuer USAA STATE TAX-FREE TRUST
10750 Robert F. McDermott Freeway
San Antonio, Texas 78288
2. Name of each series or class of funds for which this notice is
filed:
Florida Tax-Free Income Fund
Florida Tax-Free Money Market Fund
Texas Tax-Free Income Fund
Texas Tax-Free Money Market Fund
3. Investment Company Act File Number 811-7852
Securities Act File Number 33-65572
4. Last day of the fiscal year for which this
notice is filed: March 31, 1996
5. Check this box if this notice is 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: Not Applicable
6. Date of termination of issuer's declaration under rule 24f-2(a)(1),
if applicable (see instruction A.6): Not Applicable
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 24f-2 in a prior fiscal year, but which remained unsold at the
beginning of the fiscal year: Not Applicable.
8. Number and amount of securities registered during the fiscal year
other than pursuant to rule 24f-2: 0 $0
9. Number and aggregate sale price of securities sold during the
fiscal year: 131,068,028 $177,929,115
10.Number and aggregate sale price of securities sold during the
fiscal year in reliance upon registration pursuant to rule 24f2:
131,068,028 $177,929,115
11.Number and aggregate sale price of securities issued during the
fiscal year in connection with dividend reinvestment plans, if
applicable (see Instruction B.7):
2,275,067 $4,625,326
12.Calculation of registration fees:
(i) Aggregate sale price of securities sold during
the fiscal year in reliance on rule 24f-2
(from Item 10) $177,929,115
(ii) Aggregate price of shares issued in connection
with dividend reinvestment plans (from Item 11,
if applicable) + 4,625,326
(iii)Aggregate price of shares redeemed or repurchased
during the fiscal year (if applicable): - 135,632,241
(iv) Aggregate price of shares redeemed or repurchased
and previously applied as a reduction to 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 (i), plus line (ii), less line (iii), plus
line (iv)] (if applicable) $ 46,922,200
(vi) Multiplier prescribed by Section 6(b) of the
Securities Act of 1933 or other applicable
law or regulation (see Instruction C.6): x 1/2900
(vii) Fee due [line (i) or line (v) multiplied by (vi)]: $ 16,180.07
Instruction: Issuers should complete lines (ii), (iii), (iv), and (v)
only if the form is being filed within 60 days after the close of the issuer's
fiscal year. See Instruction C.3.
13.Check box if fees are being remitted to the Commission's lockbox
depository as described in section 3a of the Commission's Rules of
Informal and Other Procedures (17 CFR 202.3a). [ X ]
Date of mailing or wire transfer of filing fees to the Commission's
lockbox depository: May 20, 1996
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)*
Sherron Kirk, Treasurer
Date May 20, 1996
* Please print the name and title of the signing officer below the
signature.
GOODWIN, PROCTER & HOAR LLP
COUNSELLORS AT LAW
EXCHANGE PLACE
BOSTON, MASSACHUSETTS 02109-2881
TELEPHONE (617) 570-1000
TELECOPIER (617) 523-1231
May 15, 1996
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, a Delaware business
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 on Form 24F-2 with respect to its fiscal year ended March 31,1996
(the "Notice").
Reference is made to Item 10 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 ended March 31, 1996 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
applicable Prospectus and Statement 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 LLP
