UNITED STATES
                        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:
      Centennial Government Trust
      6803 S. Tucson Way
      Centennial, CO 80112

2.    Name of each series or class of securities for which this Form is filed (If
      the Form is being filed for all series and class of securities of the
      issuer, check the box but do not list series or classes): /X/

3.    Investment Company Act File Number :  811-03391

      Securities Act File Number: 2-75812

4(a). Last day of fiscal year for which this Form is filed:  06/30/03

4(b). /  /  Check box if this Form is being filed late (i.e., more that 90
      calendar days after the end of the issuer's fiscal year). (See instruction
      A.2)

      Note: If the Form is being filed late, interest must be paid on the
registration fee due.

4(c). /  /  Check box if this is the last time the issuer will be filing this
Form.

5.    Calculation of registration fee:

      (i)   Aggregate sale price of securities sold during
            the fiscal year pursuant to section 24(f):
            $4,302,752,753.00

      (ii)  Aggregate price of securities redeemed or
            repurchased during the fiscal year:
            $4,074,583,366.00

      (iii) Aggregate price of securities redeemed or
            repurchased during any prior fiscal year ending
            no earlier than October 11, 1995 that were not
            previously used to reduce registration fees
            payable to the Commission:
            $0

      (iv)  Total available redemption credits [add items
            5(ii) and 5(iii)]:
            $4,074,583,366.00

      (v)   Net sales - if Item 5(i) is greater than Item
            5(iv) [subtract Item 5(iv) from Item 5(i)]:
            $228,169,387.00

      (vi)  Redemption credits available for use in future
            years -- if Item 5(i) is less than Item 5(iv)
            [subtract Item 5(iv from Item 5(i)]:
            $0
      (vii) Multiplier for determining registration fee
            (See Instructions C.9):
            x .0000809

      (viii)
            Registration fee due [multiple Item 5(v) by
            Item 5(vii)] (enter "0" if no fee is due):
            = $18,458.90

            ============

6.    Prepaid Shares:

      If the response to Item 5(i) was determined by deducting an amount of
      securities that were registered under the Securities Act of 1933 pursuant
      to rule 24e-2 as in effect before October 11, 1997, then report the amount
      of securities (number of shares or other units) deducted here: -0-. If
      there is a number of shares or other units that were registered pursuant
      to rule 24e-2 remaining unsold at the end of the fiscal year for which
      this form is filed that are available for use by the issuer in future
      fiscal years, then state that number here: -0-.

7.    Interest due:                                               $-0-

      If this Form is being filed more than 90 days after the end of the
      issuer's fiscal year (see Instruction D): N/A

8.    Total of the amount of the registration fee due plus any interest due
      [line 5(viii) plus line 7]:
                                                                  = $18,458.90

9.    Date the registration fee and any interest payment was sent to the
      Commission's lockbox depository: 09/25/03

      Method of Delivery:  Wire
      Fed Wire #007188

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:  /s/ Connie Bechtolt
Connie Bechtolt, Assistant Treasurer


cc:   Allan Adams, Esq.












170_24F2_Edgar0603.doc