Annual Notice of Securities Sold Pursuant to Rule 24F-2
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:
Equi-Select Series Trust
699 Walnut Street
Des Moines, IA 50309
2. Name of each series or class of funds for which this notice is filed:
Advantage, Growth & Income, International Fixed Income, Money Market,
Mortgage-Backed Securities, OTC, Research, Total Return, and Value +
Growth Portfolios
3. Investment Company Act File Number: 811-8522
Securities Act File Number: 33-79166
4. Last day of fiscal year for which this notice is filed:
December 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): N/A
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:
-0-
$0.00
10. Number and aggregate sale price of securities sold during the fiscal
year in reliance upon registration pursuant to rule 24f-2:
-0-
$0.00
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):
-0-
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): $0
(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): -$0
(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 upon rule 24f-2 [line (i), plus line
(ii), less line (iii), plus line (iv)] (if applicable): $0
(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)]: $0
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).
/ /
Date of mailing or wire transfer of filing fees to the Commission's
lockbox depository:
________
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.
EQUI-SELECT SERIES TRUST
By /s/ David A. Terwilliger
___________________________________
David A. Terwilliger, Vice President and Controller
Date February 26, 1997
February 19, 1997
Board of Trustees
Equi-Select Series Trust
699 Walnut Street
Des Moines, IA 50309
RE: Form 24F-2 Opinion of Counsel
Ladies and Gentlemen:
You have requested our Opinion of Counsel in connection with the
filing of the "Rule 24f-2 Notice" by Equi-Select Series Trust
(the "Trust") with the Securities and Exchange Commission.
We have made such examination of the law and have examined such
records and documents as in our judgment are necessary or
appropriate to enable us to render the opinions expressed below.
We are of the following opinions:
1. The Trust is an unincorporated voluntary association,
commonly known as a business trust, created and validly existing
pursuant to the laws of the Commonwealth of Massachusetts.
2. Upon the acceptance of the purchase payments made by
shareholders for the Trust's shares in accordance with the
Prospectus contained in the Trust's Registration Statement, and
upon compliance with applicable laws, such shares will have been
legally issued, fully paid and non-assessable shares.
The use of this opinion is limited solely in its use as an
exhibit to your Rule 24f-2 Notice.
Respectfully,
NYEMASTER, GOODE, McLAUGHLIN,
WEST, HANSELL & O'BRIEN, P.C.
/s/ G. Thomas Sullivan
G. Thomas Sullivan
GTS\bjg
