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:
Voyageur Equity Trust, Series 1
90 South Seventh Street, Suite 4400
Minneapolis, MN 55402
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2. Name of each series or class of funds for which this notice is filed:
Minnesota Big Ten Equity Trust, Series 1
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3. Investment Company Act File Number:
Securities Act File Number:
33-62179
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4. Last day of fiscal year for which this notice is filed:
January 6, 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:
N/A
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6. Date of termination of issuer's declaration under rule 24f-2(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:
-0-
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8. Number and amount of securities registered during the fiscal year other
than pursuant to rule 24f-2.
-0-
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9. Number and aggregate sale price of securities sold during the fiscal year:
7,375,388 units $7,416,319
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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:
7,375,388 units $7,416,319
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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):
N/A
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12. Calculation of registration fee:
<TABLE>
<CAPTION>
<S> <C>
(i) Aggregate sale price of securities sold during the fiscal
year in reliance on rule 24f-2 (from Item 10): $ 7,416,319
-------------
(ii) Aggregate price of shares issued in connection with
dividend reinvestment plans (from Item 11, if applicable): + N/A
(iii) Aggregate price of shares redeemed or repurchased during -------------
the fiscal year (if applicable): - 1,226,403
-------------
(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): 6,189,916
--------------
(vi) Multiplier prescribed by Section 6(b) of the Securities Act
of 1933 or other applicable law or regulation (see Instruction
C.6): X 1/33 OF 1%
--------------
(vii) Fee due [line (i) or line (v) multiplied by line (vii)]: 1,875.73
==============
</TABLE>
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: January 15, 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 date indicated.
By (Signature and Title)*
/s/KENNETH R. LARSEN - TREASURER
-----------------------------
Kenneth R. Larsen - Treasurer
Date /s/JANUARY 15, 1997
*Please print the name and title of the signing officer below the signature.
CHAPMAN AND CUTLER
111 WEST MONROE STREET
CHICAGO, ILLINOIS 60603
January 15, 1997
Voyageur Fund Managers, Inc.
90 South Seventh Street, Suite 4400
Minneapolis, Minnesota 55402
Re: Voyageur Equity Trust, Series 1
Ladies/Gentlemen:
We have served as counsel for Voyageur Fund Managers, Inc. ("Voyageur"), as
Sponsor and Depositor of Voyageur Equity Trust, Series 1 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 $7,416,319 principal amount of 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 of 7,375,388 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
