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:
The Tuscarora Investment Trust
312 Walnut Street, 21st Floor
Cincinnati, Ohio 45202
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2. Name of each series or class of funds for which this notice is
filed:
Oak Value Fund
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3. Investment Company Act File Number: 811-9000
Securities Act File Number: 33-90358
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4. Last day of fiscal year for which this notice is filed:
June 30, 1996
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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:
NUMBER OF SHARES SALE PRICE
---------------- ----------
681,397 $10,044,743
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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:
NUMBER OF SHARES SALE PRICE
---------------- ----------
681,397 $10,044,743
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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):
NUMBER OF SHARES SALE PRICE
---------------- ----------
6,382 $ 89,729
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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): $10,044,743
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(ii) Aggregate price of shares issued in
connection with dividend reinvestment
plans (from Item 11, if applicable): + 89,729
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(iii) Aggregate price of shares redeemed or
repurchased during the fiscal year
(if applicable): - 1,642,431
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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): + NONE
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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): + 8,492,041
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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 .0003448276
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(vii) Fee due [line (i) or line (v) multiplied
by line (vi)]: $ 2,928.29
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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:
August 13, 1996
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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/ John F. Splain
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John F. Splain, Secretary
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Date August 27, 1996
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*Please print the name and title of the signing officer below the
signature.
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1800 M Street, N.W MORGAN, LEWIS
& BOCKIUS LLP
Washington, D.C. 20036-5869 Counselors at Law
202-467-7000
Fax: 202-467-7176
August 26, 1996
Tuscarora Investment Trust
312 Walnut Street, 21st Floor
Cincinnati, Ohio 45202
Re: Tuscarora Investment Trust
Ladies and Gentlemen:
Tuscarora Investment Trust (the "Trust") is a business trust organized under the
laws of the Commonwealth of Massachusetts. The Trust is an open-end diversified
management investment company registered with the Securities and Exchange
Commission (the "Commission") under the Investment Company Act of 1940
(the "1940 Act"). This opinion relates to units of beneficial interest
("shares") of the Trust, without par value, sold in reliance upon Rule 24f-2
during its fiscal year ended June 30, 1996, the registration of which is made
definite by the filing of the attached Notice.
We have reviewed all proceedings taken by the Trust in connection with the offer
and sale of the shares which have been offered under a Prospectus included as
part of the Trust's Registration Statement on Form N-1A, as amended to the date
hereof, which has been filed with the Commission under the Securities Act of
1933 and the 1940 Act.
We are of the opinion that such shares, when sold and issued in return for the
payment described in the Trust's Registration Statement, were legally issued,
fully paid and non-assessable by the Trust.
Very truly yours,
/s/ Morgan Lewis & Bockius LLP
Morgan, Lewis & Bockius LLP
Philadelphia Washington New York Los Angeles Miami Harrisburg Princeton
London Brussels Frankfurt Tokyo
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