UNITED STATES

SECURITY 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:

Saturna Investment Trust 

1300 North State Street	

Bellingham, WA 98225

2	The name of each series or class of securities for which this notice 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 of

classes):   						(box checked)

3	Investment Company Act File Number:			811-5071

Securities Act File Number:           		33-13247

4(a)	Last day of fiscal year for which this notice is filed: November 30,
2005

4(b)	Check box if this form is being filed late (i.e., more than 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 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)					$6,848,810.00

(ii)	Aggregate price of securities redeemed or repurchased during the
fiscal year:				$2,449,357.00

(iii)	Aggregate sale 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:				$0.00

(iv)	Total available redemption credits [add Items 5(ii) and
5(iii)]:					$2,449,357.00

(v)	Net Sales - if Item 5(i) is greater than Item 5(iv) [subtract Item
5(iv) from Item 5(i)]:					$4,399,453.00

(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)]:				$0.00

(vii)	Multiplier for determining registration fee (See Instruction
C.9):				x	0.000107

(viii)	Registration fee due [multiply Item 5(v) by Item 5(vii)] (enter
"0" if no fee is due):				=	$470.74

6	Prepaid Shares

If the response to Item 5(i) was determine 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: _____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 years, then state that
number here: _____N/A_______.

7	Interest due - if this Form is being filed moe than 90 days after the
end of the issuer's fiscal year	(see Instruction
D):					=	$0.00

8	Total of the amount of the registration fee due plus any interest due
[line 5(viii) plus line 7]:						$470.74

9	Date of the registration fee and any interest payment was sent to the
Comission's lockbox depository: Method of Delivery: Wire Transfer

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) /s/ Nicholas F. Kaiser

President

Date	02/27/2006