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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 P3+H8d+VZQk3i0i4nlTmmg==

<SEC-DOCUMENT>0001064641-04-000007.txt : 20040123
<SEC-HEADER>0001064641-04-000007.hdr.sgml : 20040123
<ACCEPTANCE-DATETIME>20040123103146
ACCESSION NUMBER:		0001064641-04-000007
CONFORMED SUBMISSION TYPE:	24F-2NT
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031231
FILED AS OF DATE:		20040123
EFFECTIVENESS DATE:		20040123

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DIAMONDS TRUST SERIES I
		CENTRAL INDEX KEY:			0001041130
		IRS NUMBER:				133574560
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		24F-2NT
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-31247
		FILM NUMBER:		04539383

	BUSINESS ADDRESS:	
		STREET 1:		PDR SERVICES CORP C/O AMERICAN STOCK EXC
		STREET 2:		86 TRINITY STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10006
		BUSINESS PHONE:		2123061397

	MAIL ADDRESS:	
		STREET 1:		PDR SERVICES CORP C/O AMERI ST EX
		STREET 2:		86 TRINITY STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10006
</SEC-HEADER>
<DOCUMENT>
<TYPE>24F-2NT
<SEQUENCE>1
<FILENAME>twentyfourdiamond.txt
<DESCRIPTION>ANNUAL SECURITIES SOLD
<TEXT>




APPENDIX I
UNITED STATES

OMB APPROVAL

                SECURITIES AND EXCHANGE COMMISSION

OMB Number:   0456

Washington, D.C. 20549

Expires: July 31, 2006



Estimated average burden



hours per response....... 1

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:



The Diamonds Trust, Series 1



c/o State Street Bank & Trust Co.



225 Franklin Street



Boston, MA  02210


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





The Diamonds Trust, Series 1


3. Investment Company Act File Number:



811-9170


     Securities Act File Number



333-31247






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



10/31/2003






4(b).  Check box if this Form is being filed late
(ie., more than 90 calendar days after the end of the
fiscal year). (See Instruction A.2)
N/A





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.




N/A









5.  Calculation of registration fee:


(i)
Aggregate sale price of securities sold during the fiscal year


pursuant to section 24(f):

           $6,167,842,139




(ii)
Aggregate price of securities redeemed or repurchased during
the fiscal year:



                 $5,208,795,987




(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 Item 5(ii) and 5(iii):
                 $5,208,795,987




(v)
Net sales - If Item 5(i) is greater than Item 5(iv)



[subtract Item 5(iv) from Item 5(i) ]
       $959,046,152



(vi)
Redemption credits available for use in future years

                  $(  0   )

- - if Item 5(i) is less than Item 5(iv) [subtract Item 5(iv)
from Item 5(i)]:




(vii)
Multiplier for determining registration fee (See



Instruction C.9):
X
   $0.00008090




(viii)
Registration fee due [multiply Item 5(v) by Item



 5(vii)] (enter 'O' if no fee is due):
=
$77,587








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
[effective date of rescission of rule 24e-2], then
report the amount of securities (number of shares or other units)
deducted here:   N/A
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:






7.  'Interest due - if this Form is being filed more than 90 days
after the end of the issuer's fiscal year
 (see Instruction D):





+
$0




8.  Total of the amount of the registration fee due plus
any interest due [line 5(vii) plus line 7]:


= $77,587







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




Method of Delivery:




Wire Transfer x

1/22/2004

Mail or other means























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.)*




Michael P. Riley



Assistant Vice President






Date__1/21/04___________








*Please print the name and title of the signing officer below
the signature.






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