LIMITED TERM TAX EXEMPT BOND FUND OF AMERICA
24F-2NT, 1998-09-25
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            U.S. SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C.  20594
 
                           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:
 
Limited Term Tax-Exempt Bond Fund of America
333 South Hope Street
Los Angeles, CA 90071
 
2.  NAME OF EACH SERIES OR CLASS OF FUNDS FOR WHICH THIS NOTICE IS FILED (if
the Form is being filed for all series and classes of securities of the issuer,
check the box but do not list series or classes:    __
 
3.  INVESTMENT COMPANY ACT FILE NUMBER: 811-7888
    SECURITIES ACT FILE NUMBER:  33-66214
 
4(A).  LAST DAY OF FISCAL YEAR FOR WHICH THIS FORM IS FILED:
  July 31, 1998
 
4(B).  CHECK BOX IF THIS NOTICE IS BEING FILED LATE (I.E., MORE THAN 90
CALENDAR DAYS AFTER THE END OF THE ISSUER'S FISCAL YEAR).  (SEE INSTRUCTION
A.2) 
 
NOTE: IF THE FORM IS BEING FILED LATE, INTEREST MUST BE PAID ON THE
REGISTRATION FEE DUE.
 
4(C).  __ CHECK BOX IF THIS IS THE LAST TIME THE ISSUER WILL BE FILING THIS
FORM.
 
5. CALCULATION OF REGISTRATION FEE:
(i)  Aggregate sale price of securities
     sold during the fiscal year pursuant          $97,814,000
     to section 24(f):
(ii)  Aggregate price of securities
      redeemed or repurchased during the
      fiscal year:                        $74,180,000
(iii) Aggregate price of securities
      redeemed or repurchased during any
      prior fiscal year ending no earlier
      than October 11, 1995 that were not
      previously used to reduce
      registration fees payable to the
      Commission:                         $
(iv)  Total available redemption credits
      [add items 5(ii) and 5(iii):                  $74,180,000
(v)  Net sales -- if Item 5(i) is
     greater than Item 5(iv) [subtract
     Item 5(iv) from Item 5(I)]:                    $23,634,000
(vi)  Redemption credits available for
      use in future years if item 5(i)
      is less than Item 5(iv) [subtract
      Item 5(iv) from Item 5(i)]:           $
(vii)  Multiplier for determining
       registration fee (See
       Instruction C.9):                               x .000295
(viii)  Registration fee due [multiply
        Item 5(v) by Item 5(vii)]
        (enter "0" if no fee is due):                  $6,972.03
 
6.  PREPAID SHARES 
 
If the response to item 5(i) was determined by deducting an amount of
securities that were registered under the Securities Act of 1933 pursuant to
rule 24e-2 as in effect before [effective date of rescission of rule 24e-2],
then report the amount of securities (number of shares or other units) deducted
here: __________ If there is a number of shares or other units that were
registered pursuant to rule 24e-2 remaining unsold at the end of the fiscal
year for which this form is filed that are available for use by the issuer in
future fiscal years, then state that number here:_________
 
7.  Interest due -- if this Form is being filed more than 90 days after the end
of the issuer's fiscal year (see Instruction D):
+$_________ 
 
8.  Total of the amount of the registration fee due plus any interest due [line
5(viiii) plus line 7]:
=$6,972.03
 
9.  Date the registration fee and any interest payment was sent to the
Commission's lockbox depository:
 
 CIK # 0000909427     September 24, 1998
 Method of delivery:
   X  Wire transfer 
   __  Mail or other means 
 
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)* /s/Julie F. Williams
                          Julie F. Williams
                          Secretary
 
Date  September 24, 1998 
 
* Please print the name and title of the signing officer below the signature.


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