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 issurer: 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 IncomeFund
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, 1997
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:
159,083,438 $199,868,587
10.Number and aggregate sale price of securities sold during the fiscal year in
reliance upon registration pursuant to rule 24f-2:
159,083,438 $199,868,587
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): 2,701,560 $5,923,668
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): $199,868,587
(ii) Aggregate price of shares issued in connection with
dividend reinvestment plans (from Item 11,
if applicable): + 5,923,668
(iii) Aggregate price of shares redeemed or repurchased during
the fiscal year (if applicable): -160,289,390
(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): $ 45,502,865
(vi) Multiplier prescribed by Section 6(b) of the Securities Act of 1933 or
other applicable law or regulation (see Instruction C.6): x 1/3300
(vii) Fee due [line (i) or line (v) multiplied by line (vi)]: $ 13,788.75
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
issuers 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 22, 1997.
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
Sherron Kirk, Treasurer
Date: May 27, 1997
* 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 21, 1997
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, 1997 (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, 1997 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 nonassessable.
Very truly yours,
GOODWIN, PROCTER & HOAR LLP
