Rule 24f-2 Notice for Centennial California Tax Exempt Trust

3410 South Galena Street, Denver, Colorado 80231

(Registration No. 33-30471, File No. 811-5871)



     NOTICE IS HEREBY GIVEN that Centennial California Tax Exempt Trust
having previously filed in its registration statement a declaration that
an indefinite number of its securities were being registered pursuant to
Rule 24f-2 of the Investment Company Act of 1940, now elects to continue
such indefinite registration.

     (i)    This Notice is being filed for the fiscal year ended June 30,
            1994.

     (ii)   No shares which had been registered other than pursuant to
            this Rule remained unsold at the beginning of the above fiscal
            year.

     (iii)  No shares were registered other than pursuant to this Rule
            during the above fiscal year.

     (iv)   The number of shares sold during the above fiscal year was
            231,741,608 (1).

     (v)    231,741,608 shares were sold during the above fiscal year in
            reliance upon registration pursuant to this Rule.

     Pursuant to the requirements of the Investment Company Act of 1940,
the undersigned registrant has caused this notice to be signed on its
behalf this 29th day of August, 1994.

                                Centennial California Tax Exempt Trust




                                By ____________________________________
                                    Robert G. Zack, Assistant Secretary


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[FN]
(1) The calculation of the aggregate sales price is made pursuant to Rule
24f-2 of the Investment Company Act of 1940.  Based upon an actual
aggregate sales price for which such securities were sold during the
previous fiscal year of $231,741,608, reduced by an actual redemption
price of securities of the issuer redeemed during such previous fiscal
year of $230,573,994, a filing fee of $403 is payable. 



                        MYER, SWANSON & ADAMS, P.C.
                             Attorneys At Law
                     The Colorado State Bank Building
                        1600 Broadway - Suite 1850
                        DENVER, COLORADO 80202-4918
                         Telephone (303) 866-9800


                                        August 23, 1994

Centennial California Tax Exempt Trust
3410 South Galena Street
Denver, Colorado 80231

Gentlemen:

In connection with the public offering of the no par value shares of
beneficial interest of Centennial California Tax-Exempt Trust, a business
trust organized under the laws of the Commonwealth of Massachusetts (the
"Trust"), as counsel for the Trust, we have examined such records and
documents and have made such further investigation and examination as we
deem necessary for the purposes of this opinion.

We are advised that during the fiscal year ended June 30, 1994,
231,741,608 shares of beneficial interest in the Trust were sold in
reliance on the registration of an indefinite number of shares pursuant
to Rule 24f-2 of the Investment Company Act of 1940.

It is our opinion that the said shares of beneficial interest sold by the
Trust in reliance on Rule 24f-2 of the Investment Company Act of 1940 are
legally issued and, subject to the matters mentioned in the next
paragraph, fully paid and nonassessable by the Trust.

Under Massachusetts law, shareholders of the Trust may, under certain
circumstances, be held personally liable as partners for the obligations
of the Trust.  The Declaration of Trust does, however, contain an express
disclaimer of shareholder liability for acts or obligations of the Trust
and requires that notice of such disclaimer be given in each agreement,
obligation, or instrument entered into or executed by the Trust or the
Trustees.  The Declaration of Trust provides for indemnification out of
the trust property of any shareholder held personally liable for the
obligations of the Trust.  The Declaration of Trust also provides that the
Trust shall, upon request, assume the defense of any claim made against
any shareholder for any act or obligation of the Trust and satisfy any
judgment thereon.

                                        Sincerely,

                                        Allan B. Adams
                                        of MYER, SWANSON & ADAMS, P.C.