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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.
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1. Name and address of issuer:
SEFTON FUNDS TRUST
3435 STELZER RD.
COLUMBUS, OHIO 43219
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2. Name of each series or class of funds for which this notice is filed:
SEE ATTACHED SCHEDULE A
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3. Investment Company Act File Number: 811-8948
Securities Act File Number: 33-88568
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4. Last day of fiscal year for which this notice is filed:
MARCH 31, 1997
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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-2(a)(1). If
applicable (see Instruction A.6):
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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:
NONE
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8. Number and amount of securities registered during the fiscal year other than
pursuant to rule 24f-2:
NONE
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9. Number and aggregate sale price of securities sold during the fiscal year:
69,954,775 Price
4,758,205 Shares
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10. Number and aggregate sale price of securities sold during the fiscal year
in reliance upon registration pursuant to rule 24f-2:
69,954,775 Price
4,758,205 Shares
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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):
3,591,649 Price
243,256 Shares
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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): $ 69,954,775
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(ii) Aggregate price of shares issued in connection with
dividend reinvestment plans (from Item 11, if
applicable): $ 3,591,649
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(iii) Aggregate price of shares redeemed or repurchased
during the fiscal year (if applicable): $ 22,680,993
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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): $ 50,865,431
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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): $ 1/3300
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(vii) Fee due [line (i) or line (v) multiplied by line (vi)]: $ 15,413.77
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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 Instruction C.3.
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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 ]
Date of mailing or wire transfer of filing fees to the Commission's lockbox
depository:
May 27, 1997
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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) /s/ Tom Line
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Tom Line, Vice President & Treasurer
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Date May 28, 1997
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SEFTON FUNDS TRUST - SCHEDULE A
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U.S. GOVERNMENT FUND
CALIFORNIA TAX FREE FUND
EQUITY VALUE FUND
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[BAKER & MCKENZIE LETTERHEAD]
May 22, 1997
Sefton Funds Trust
3435 Stelzer Rd.
Columbus, OH 43219
Dear Sirs:
We refer to the Rule 24f-2 Notice (the "Rule 24f-2 Notice") with
respect to the Post-Effective Amendment to the Registration Statement on Form
N-1A relating to the shares of beneficial interest, par value $0.001 per share,
of Sefton Funds Trust, a Delaware business trust (the "Trust"). The
Post-Effective Amendment registered an indefinite number of shares of
beneficial interest of the Trust pursuant to Rule 24f-2 under the Investment
Company Act of 1940, as amended. The Rule 24f-2 Notice makes definite the
number of shares of beneficial interest of the Trust sold that were so
registered under the Post-Effective Amendment.
We have examined and relied upon copies of the Post-Effective
Amendment and the Rule 24f-2 Notice and have examined and relied upon
originals, or copies certified to our satisfaction, of such corporate records,
documents, certificates and other instruments as in our judgment are necessary
or appropriate to enable us to render the opinion set forth below.
Based on the foregoing, we are of the opinion that the shares of
beneficial interest of the Trust, the registration of which the Rule 24f-2
Notice makes definite in number, were duly authorized, legally issued, fully
paid and nonassessable.
We hereby consent to the use of this opinion in connection with the
filing of the Rule 24f-2 Notice. In giving such consent, we do not thereby
admit that we come within the category of persons whose consent is required
under section 7 of the Securities Act of 1933, as amended, or the rules and
regulations of the Securities and Exchange Commission thereunder.
Very truly yours,
/s/ Baker & McKenzie
