Notice of Effectiveness

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Notice of Effectiveness
Effectiveness Date:	April 29, 2010 5:30 P.M.

Form:

N-14

CIK:

Company Name:

CALIFORNIA INVESTMENT TRUST

File Number:

SERIES/CLASSES (CONTRACTS) MERGERS

CIK
	Series ID
		Class/Contract	Name
Acquiring:
0000778206			CALIFORNIA INVESTMENT TRUST
	S000016025		Equity Income Fund
		C000044035	Direct Shares
Target:
0000881166			SM&R INVESTMENTS, INC.
	S000010236		SM&R Growth Fund
		C000028308	SM&R Growth Fund - Class T
Target:
0000881166			SM&R INVESTMENTS, INC.
	S000010239		SM&R Equity Income Fund
		C000028315	SM&R Equity Income Fund - Class T
Target:
0000881166			SM&R INVESTMENTS, INC.
	S000010240		SM&R Balanced Fund
		C000028318	SM&R Balanced Fund - Class T

CIK
	Series ID
		Class/Contract	Name
Acquiring:
0000778206			CALIFORNIA INVESTMENT TRUST
	S000016025		Equity Income Fund
		C000088543	Class A
Target:
0000881166			SM&R INVESTMENTS, INC.
	S000010236		SM&R Growth Fund
		C000028306	SM&R Growth Fund - Class A
Target:
0000881166			SM&R INVESTMENTS, INC.
	S000010239		SM&R Equity Income Fund
		C000028313	SM&R Equity Income Fund - Class A
Target:
0000881166			SM&R INVESTMENTS, INC.
	S000010240		SM&R Balanced Fund
		C000028316	SM&R Balanced Fund - Class A

CIK
	Series ID
		Class/Contract	Name
Acquiring:
0000778206			CALIFORNIA INVESTMENT TRUST
	S000016025		Equity Income Fund
		C000088544	Class B
Target:
0000881166			SM&R INVESTMENTS, INC.
	S000010236		SM&R Growth Fund
		C000028307	SM&R Growth Fund - Class B
Target:
0000881166			SM&R INVESTMENTS, INC.
	S000010239		SM&R Equity Income Fund
		C000028314	SM&R Equity Income Fund - Class B
Target:
0000881166			SM&R INVESTMENTS, INC.
	S000010240		SM&R Balanced Fund
		C000028317	SM&R Balanced Fund - Class B

CIK
	Series ID
		Class/Contract	Name
Acquiring:
0000778206			CALIFORNIA INVESTMENT TRUST
	S000016028		U.S. Government Securities Fund
		C000044041	Direct Shares
Target:
0000881166			SM&R INVESTMENTS, INC.
	S000010241		SM&R Government Bond Fund
		C000028321	SM&R Government Bond Fund - Class T

CIK
	Series ID
		Class/Contract	Name
Acquiring:
0000778206			CALIFORNIA INVESTMENT TRUST
	S000016028		U.S. Government Securities Fund
		C000088545	Class A
Target:
0000881166			SM&R INVESTMENTS, INC.
	S000010241		SM&R Government Bond Fund
		C000028319	SM&R Government Bond Fund - Class A

CIK
	Series ID
		Class/Contract	Name
Acquiring:
0000778206			CALIFORNIA INVESTMENT TRUST
	S000016028		U.S. Government Securities Fund
		C000088546	Class B
Target:
0000881166			SM&R INVESTMENTS, INC.
	S000010241		SM&R Government Bond Fund
		C000028320	SM&R Government Bond Fund - Class B

CIK
	Series ID
		Class/Contract	Name
Acquiring:
0000778206			CALIFORNIA INVESTMENT TRUST
	S000016030		The United States Treasury Trust
		C000044045	Direct Shares
Target:
0000881166			SM&R INVESTMENTS, INC.
	S000010244		SM&R Money Market Fund
		C000028326	SM&R Money Market Fund