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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 issuer:
USAA Life Investment Trust
2. Name of each series or class of funds for which notice is filed:
USAA Life Variable Annuity Money Market Fund
USAA Life Variable Annuity Income Fund
USAA Life Variable Annuity Growth & Income Fund
USAA Life Variable Annuity World Growth Fund
USAA Life Variable Annuity Diversified Assets Fund
3. Investment Company Act File Number:
811-8672
Securities Act File Number:
33-82270
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 (see instruction A.6):
N/A
7. Number and account 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: 0
Sale Price: $0
10. Number and aggregate sale price of securities sold during the fiscal year in
reliance upon registration pursuant to rule 24f-2:
Number: 0
Sale Price: $0
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):
Number: 0
Sale Price: $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 on rule 24f-2 [line (i), plus line (ii), less line (iii), plus line
(iv)] (if applicable): $0
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(vi) Multiplier prescribed by Section 6(b) of the Securities Act of 1933 or
other applicable law or regulation (see Instruction C.6):
x 1/29 of 1%
(vii) Fee due [line (i) or line (v) multiplied by line (vi)]:
$0.00
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Instruction: Issuers should complete lines (ii), (iii), (iv), (v) only if the
form is being filed within 60 days after the close of the issuer's fiscal year.
See Instruction C.3.
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.
By (Signature and Title)* Edwin L. Rosane, President
__________________________
Date 2/28/96
_______
*Please print the name and title of the signing officer below the signature.
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[LETTERHEAD APPEARS HERE]
February 21, 1996
USAA Life Investment Trust
9800 Fredericksburg Road
San Antonio, Texas 78288
Executives:
This opinion is given in connection with the filing with the Securities
and Exchange Commission ("SEC") by USAA Life Investment Trust, a Delaware trust
(the "Trust"), of a notice pursuant to Rule 24f-2 (the "Rule 24f-2 Notice")
under the Investment Company Act of 1940 (the "1940 Act"). In its Registration
Statement on Form N-1a (File Nos. 33-82270 and 811-8672, the "Registration
Statement") filed with the SEC under the Securities Act of 1933 (the "1933 Act")
and the 1940 Act, the Trust registered an indefinite number of securities.
We have examined the following: the Certificate of Trust, dated July 20,
1994; the Master Trust Agreement, dated December 14, 1994; the By-laws of the
Trust; certain Board of Trustees' resolutions; the Notification of Registration
on Form N-8A filed with the SEC under the 1940 Act on August 1, 1994; the
Registration Statement as originally filed with the SEC under the 1933 Act and
the 1940 Act on the same date, and amendments thereto substantially in the form
filed with the SEC; a Certificate of Good Standing issued by the State of
Delaware on February 14, 1996; pertinent provisions of the laws of Delaware; and
such corporate and other records, certificates, representations, documents and
statutes that we have deemed relevant in order to render the opinion expressed
herein.
We are not members of the Delaware bar. Nevertheless, based on the
foregoing examination, we are of the opinion that the shares of the Trust, the
registration of which the Rule 24f-2 Notice makes definite in number, are
legally issued, fully paid and non-assessable.
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[LETTERHEAD APPEARS HERE]
USAA Life Investment Trust
February 21,1996
Page 2
This letter expresses our opinion as to the Delaware Business Trust Act,
addressing matters such as the authorization and issuance of shares, but does
not extend to the securities or "Blue Sky" laws of Delaware or to federal
securities or other laws.
Very truly yours,
[SIGNATURE APPEARS HERE]
Freedman, Levy, Kroll & Simonds
