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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
"Rule 24f-2 Notice"
National Financial Services Corporation
(Name of Registrant)
File No. 33-62243
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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: National Financial Services Corporation
82 Devonshire Street, Boston, MA, 02109
2.
Name of each series or class of funds for which this notice is filed:
Fidelity Defined Trusts, Series 1
3.
Investment Company Act File Number: 811-07349
Securities Act File Number: 33-62243
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):
7.
Number and amount of securities of the same class or series which
had been registered under the Securites 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:
Number of Shares: 0
Aggregate Price: 0
8.
Number and amount of securities registered during the fiscal year
other than pursuant to rule 24f-2:
Number of Shares: 0
Aggregate Price: 0
9.
Number and aggregate sale price of securities sold during the fiscal
year:
Number of Shares: 6,075,112
Aggregate Price: 61,313,717.24
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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: 6,075,112
Aggregate Price: 61,313,717.24
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):
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): 61,313,717.24
(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): (2,527,008.10)
(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): 58,786,709.14
(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
(vii)
Fee due [line (i) or line (v) muliplied by line (vi)]: 17,814.15
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.
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).
[n]
Date of mailing or wire transfer of filing fees to the Commission's
lockbox depository:
February 20, 1997
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)* Daniel Waldron
Vice President
Date February 25, 1997
* Please print the name and title of the signing officer below the
signature.
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CHAPMAN AND CUTLER
111 WEST MONROE STREET
CHICAGO, ILLINOIS 60603
February 24, 1997
National Financial Services Corporation
82 Devonshire Street
Boston, Massachusetts 02109
Re: Fidelity Defined Trust, Series 1
Ladies/Gentlemen:
We have served as counsel for National Financial Services
Corporation ("NFSC"), as Sponsor and
Depositor of Fidelity Defined Trusts, Series 1 (the "Fund") in
connection with the preparation,
execution and delivery of a Trust Indenture and Agreement dated
January 3, 1996 relating to such
Fund pursuant to which the Depositor has delivered to and
deposited Securities listed in schedule
A to the Trust Indenture and Agreement with the Trustee and
pursuant to which the Trustee has
issued to or on the order of the Depositor a certificate or
certificates representing an aggregate
number of Units of fractional undivided interest in and ownership of
the Fund created under said
Trust Indenture and Agreement.
In connection therewith, we have examined such pertinent records
and documents and matters of
law as we have deemed necessary in order to enable us to express
the opinions hereinafter set
forth.
Based upon the foregoing, we are of the opinion that the
certificates evidencing the Units in the
Fund constitute valid and binding obligations of the Fund in
accordance with the terms thereof.
Respectfully submitted,
CHAPMAN AND CUTLER
