[Federal Register Volume 60, Number 12 (Thursday, January 19, 1995)]
[Notices]
[Pages 3894-3895]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-1285]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. IC-20834; 811-3412]
Fixed Income Trust; Notice of Application
January 12, 1995.
AGENCY: Securities and Exchange Commission (``SEC'').
ACTION: Notice of application for deregistration under the Investment
Company Act of 1940 (the ``Act'').
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APPLICANT: Fixed Income Trust.
RELEVANT ACT SECTION: Order requested under section 8(f).
[[Page 3895]]
SUMMARY OF APPLICATION: Applicant seeks an order declaring it has
ceased to be an investment company.
FILING DATES: The application was filed on August 17, 1994 and amended
on December 22, 1994.
HEARING OR NOTIFICATION OF HEARING: An order granting the application
will be issued unless the SEC orders a hearing. Interested persons may
request a hearing by writing to the SEC's Secretary and serving
applicant with a copy of the request, personally or by mail. Hearing
requests should be received by the SEC by 5:30 p.m. on February 6,
1995, and should be accompanied by proof of service on the applicant,
in the form of an affidavit or, for lawyers, a certificate of service.
Hearing requests should state the nature of the writer's interest, the
reason for the request, and the issues contested. Persons may request
notification of a hearing by writing to the SEC's Secretary.
ADDRESSES: Secretary, SEC, 450 Fifth Street, NW., Washington, DC 20549.
Applicant, c/o The DBL Liquidating Trust, 450 Lexington Avenue, Suite
1400, New York, NY 10017-3911.\1\
\1\The DBL Liquidating Trust is the successor to applicant's
depositor, Drexel Burnham Lambert Incorporated (``Drexel''), for the
purposes set forth in its Second Amended and Restated Joint Plan of
Reorganization under Chapter 11 of the United States Bankruptcy
Code.
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FOR FURTHER INFORMATION CONTACT:
Marianne H. Khawly, Staff Attorney, at (202) 942-0562, or C. David
Messman, Branch Chief, at (202) 942-0564 (Division of Investment
Management, Office of Investment Company Regulation).
SUPPLEMENTARY INFORMATION: The following is a summary of the
application. The complete application may be obtained for a fee from
the SEC's Public Reference Branch.
Applicant's Representations
1. Applicant is a registered unit investment trust under the Act
and was organized as a business trust under the laws of the State of
New York. On March 3, 1982, applicant filed a Notification of
Registration on Form N-8A pursuant to section 8(a) of the Act and a
registration statement on Form N-8B-2 under section 8(b) of the Act and
under the Securities Act of 1933. The registration statement became
effective on April 30, 1982 and applicant's initial public offering
commenced on that date.
2. Applicant consisted of one series, the Zero Coupon Series 1 (the
``series''), and registered 1,084,287 units of a single class of
securities (the ``unit(s)''). As of July 1, 1991, the series had
169,048 units outstanding.
3. The trust terminated in accordance with the terms of the
indenture pursuant to which it was created with the maturity of the
last security held in the portfolio of the trust on July 1, 1991. Upon
receipt of the last proceeds of sale of the securities, the trustee,
United States Trust Company of New York, paid itself any amounts then
owed in respect of accrued fees and expenses and distributed to each
unit holder who had surrendered his or her certificate, by check, such
unit holder's interest in the balance of the principal and interest
accounts.\2\
\2\According to the terms of the indenture agreement, the
proceeds from the sale of securities in the trust were credited to
an account known as the principal account. The trustee also
collected the interest on the securities as it became payable and
credited such interest to a separate account known as the interest
account.
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4. On July 16, 1991, applicant made its final distribution to its
remaining unit holders. The per unit distribution from the principal
and interest accounts was $12.94 and $0.32, respectively. The aggregate
distribution from the principal and interest accounts was $2,187,481.12
and $54,095.36, respectively.
5. Applicant bore approximately $3,859.40 in expenses in connection
with the liquidation. Such expenses included trustee and evaluator
fees, the cost of preparing tax returns and the final annual report,
and postage charges.
6. As of the date of the application, applicant had no assets,
liabilities, or unit holders. Applicant is not a party to any
litigation or administrative proceeding. Applicant is not engaged, nor
proposes to engage, in any business activities other than those
necessary for the winding-up of its affairs.
7. Applicant terminated its existence as a business trust under New
York law on July 16, 1991.
For the SEC, by the Division of Investment Management, under
delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 95-1285 Filed 1-18-95; 8:45 am]
BILLING CODE 8010-01-M