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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
1. Name and address of issuer:
Kennebec Funds Trust
2. Name of each series or class of funds for which this notice is filed:
Kennebec U.S. Government Fund
Kennebec California Tax-Free Fund
Kennebec Equity Value Fund
3. Investment Company Act File Number: 811-8948
Securities Act File Number: 33-88568
4. Last day of fiscal year for which this notice is filed:
March 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.
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6. Date of termination of issuer's declaration under rule 24f-2f(a)(1),
if applicable (see Instruction A.6):
N/A
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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:
N/A
8. Number and amount of securities registered during the fiscal year other
than pursuant to rule 24f-2:
N/A
9. Number and aggregate sale price of securities sold during the fiscal year:
8,235,836 shares $100,995,943
10. Number and aggregate sale price of securities sold during the fiscal year
in reliance upon registration pursuant to rule 24f-2:
8,235,836 shares $100,995,943
11. Number and aggregate sale price of securities sold during the fiscal year
in connection with dividend reinvestment plans, if applicable
(see Instruction B.7):
4,920 shares $65,019
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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):
$100,995,943
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(ii) Aggregate price of shares issued in connection with dividend
reinvestment plans (from Item 11, if applicable):
+ 65,019
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(iii) Aggregate price of shares redeemed or repurchased during the fiscal
year (if applicable)
- 9,958,106
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(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
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(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):
91,102,856
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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 1/2900
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(vii) Fee due [line (i) or line (v) multiplied by line (vi)]:
$ 31,414.78
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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).
X
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Date of mailing or wire transfer of filing fees to the Commission's
lockbox depository:
May 23, 1996
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SIGNATURES
This report has been signed below by the following person on behalf of the
issuer and in the capacity and on the date indicated.
_____________________________
Name: William N. Paston
Title: Vice President & Treasurer
Date: May 28, 1996
