1. Name and address of issuer: LORD ASSET MANAGEMENT TRUST
440 S. LASALLE STREET, SUITE 3900
CHICAGO, IL 60605
2. Name of each series or class of funds for which this notice has is filed:
3. Investment Company Act File Number: 811-8348
Securities Act File Number: 33-75138
4. Last day of fiscal year for which this notice is filed:
OCTOBER 31, 1996
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 (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:
0
8. Number and amount of securities registered during the fiscal year other than
pursuant to rule 24f-2:
0
9. Number and aggregate sale price of securities sold during the fiscal year:
NUMBER: 351,341
AMOUNT: 4,016,713
10. Number and aggregate sale price of securities sold during the fiscal year in
reliance upon registration pursuant to rule 24f-2.
NUMBER: 351,341
AMOUNT: 4,016,713
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):
NOT APPLICABLE
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):
$4,016,713
-----------
(ii) Aggregate price of shares issued in connection with dividend
reinvestment plans (from Item 11, if applicable):
+ 0
-----------
(iii) Aggregate price of shares redeemed or repurchased during the fiscal
year (if applicable):
-$1,097,457
------------
(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):
$2,919,256
------------
(vi) Multiplier prescribed by Section 6(b) of the Securities Act of 1933 or
other applicable law or regulation (see instruction C.6):
x1/3300
------------
(vii) Fee due [line (i) or line (v) multiplied by line (vi)]:
$884.62
============
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 instructions C.3.
13. Check box if fees are being remitted to the Commission's lockbox depository
as describes 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:
December 13, 1996
SIGNATURES
This report has been signed below by the following person on behalf of the
issuer and in the capacities and on the date indicated.
By (Signature and Title) * ______________________
Thomas S. White, Jr.
Chairman
Date: Decemeber 13, 1996
------------------
*Please print the name and title of the signing officer below the
signature
DECHERT PRICE & RHOADS
1500 K Street, N.W.
Washington, DC 20005-1208
Telephone: (202) 626-3300
Fax: (202) 626-3334
December 12, 1996
Lord Asset Management Trust
440 South LaSalle Street
Chicago, IL 60605-1028
Ladies and Gentlemen:
As counsel for Lord Asset Management Trust (the "Trust") during the fiscal
year ended October 31, 1996, we are familiar with the Trust's registration under
the Investment Company Act of 1940 (File No. 811-8348) and with the registration
statement relating to its shares of beneficial interest (the "shares") under the
Securities Act of 1933 (File No. 33-75138) (the "Registration Statement"). We
have also examined such other corporate records, agreements, documentsand
instruments as we deemed appropriate.
Based upon the foregoing, it is our opinion with respect to the Shares the
registration of whiich is beong made definite by the Notice pursuant to Rule
24f-2 under the Investment Company Act of 1940 ("Notice") being filed by the
Trust for its fiscal year ended October 31, 1996, assuming such Shares were sold
at the public offering price and delivered by the Trust against receipt of the
net asset value of the Shares in compliance with the terms of the Registration
Statement and the requirements of applicable law, that such shares were, when
sold, duly and validly authorized, legally and validly issued, fully paid, and
non-assessable by the Trust.
We consent to the filing of this opinion in connection with the Notice on
Form 24f-2 to be filed by the Trust with the Securities and Exchange Commission
for the Trust's fiscal year ended October 31, 1996.
Very truly yours,
/s/ Dechert Price & Rhoads
