<PAGE>
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 24F-2
ANNUAL NOTICE OF SECURITIES SOLD
PURSUANT TO RULE 24f-2
1. Name and Address of Issuer:
Northstar/NWNL Trust
Two Pickwick Plaza
Greenwich, Connecticut 06830
2. Name of each Series or Class of Funds for which this Notice is Filed:
Northstar Multi-Sector Bond Fund
Northstar High Yield Bond Fund
Northstar Income and Growth Fund
Northstar Growth Fund
3. Investment Company Act File Number: 811-8220
Securities Act File Number: 33-73140
4. Last Day of Fiscal Year for which this Notice is Filed:
December 31, 1995
5. Check 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:
/ /
6. Date of termination of issuer's declaration under rule 24f-2(a)(1), if
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:
None
8. Number and amount of securities registered during the fiscal year other
than pursuant to rule 24f-2:
None
9. Number and aggregate sale price of securities sold during the fiscal year:
933,819 $6,977,589
10. Number and aggregate sale price of securities sold during the fiscal year
in reliance upon registration pursuant to rule 24f-2:
933,819 $6,977,589
11. Number and aggregate sale price of securities issued during the fiscal year
in connection with dividend reinvestment plans, if applicable:
190,603 $1,320,558
<PAGE>
12. Calculation of registration fee:
(i) Aggregate sale price of securities sold
during the fiscal year in reliance on
rule 24f-2 (from Item 10): $ 6,977,589
-------------
(ii) Aggregate price of shares issued in
connection with dividend reinvestment
plans (from Item 11): + 1,320,558
-------------
(iii) Aggregate price of shares redeemed or
repurchased during the fiscal year: - 1,593,028
-------------
(iv) Aggregate price of shares redeemed or
repurchased and previously applied as
a reduction to filing fees pursuant
to rule 24e-2: + 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)]: 6,705,119
-------------
(vi) Multiplier prescribed by Section 6(b)
of the Securities Act of 1933 or other
applicable law or regulation: DIVIDED BY 2900
-----------------
(vii) Fee due [line (i) or line (v)
multiplied by line (vi)]: $ 100*
-----------------
-----------------
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.
/X/
Date of mailing or WIRE TRANSFER of filing fees to the Commission's lockbox
depository: February 15, 1996
* Registrant offers its shares exclusively to registered separate accounts
of affiliated insurance companies.
SIGNATURES
This report has been signed below by the following persons on behalf of
the issuer and in the capacity and on the date indicated.
By: /s/ Lisa M. Hurley Date: February 15, 1996
-------------------- ----------------------------
Signature
Lisa M. Hurley, Vice President
----------------------------------
Name and Title
