95-2206. Intermediate Term Tax Free Fund of Vermont, Inc.; Notice of Application

[Federal Register Volume 60, Number 19 (Monday, January 30, 1995)]
[Notices]
[Page 5749]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-2206]



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SECURITIES AND EXCHANGE COMMISSION
[Rel. No. IC-20855; 811-7594]


Intermediate Term Tax Free Fund of Vermont, Inc.; Notice of 
Application

January 24, 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: Intermediate Term Tax Free Fund of Vermont, Inc.

RELEVANT ACT SECTIONS: Section 8(f).

SUMMARY OF APPLICATION: Applicant requests an order declaring that it 
has ceased to be an investment company.

FILING DATES: The application was filed on November 25, 1994, and 
amended on January 3, 1995.

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 21, 
1995, and should be accompanied by proof of service on 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 who wish to be 
notified of a hearing may request notification by writing to the SEC's 
Secretary.

ADDRESSES: Secretary, SEC, 450 5th Street, NW., Washington, DC 20549. 
Applicant, Town Road  x 22, P.O. Box 366, Warren, Vermont 05674.

FOR FURTHER INFORMATION CONTACT:
James M. Curtis, Senior Counsel, at [phone], or Robert A. 
Robertson, Branch Chief, [phone] (Office of Investment Company 
Regulation, Division of Investment Management).

SUPPLEMENTARY INFORMATION: The following is a summary of the 
application. The complete application may be obtained for a fee at the 
SEC's Public Reference Branch.

Applicant's Representations

    1. Applicant is registered as an open-end management investment 
company that was organized as a corporation under the laws of Vermont. 
On March 26, 1993, applicant filed a notice of registration on Form N-
8A pursuant to section 8(a) of the Act. On March 22, 1993, applicant 
filed a registration statement under section 8(b) of the Act and under 
the Securities Act of 1933 on Form N-1A to issue an indefinite number 
of shares. Applicant's registration statement was declared effective on 
October 25, 1993, and applicant commenced its initial public offering 
on that date. Mark C. Bennett, PhD, Inc. (``Adviser'') is applicant's 
investment adviser.
    2. As of November 7, 1994, applicant had total net assets of 
$309,185.11 comprising 16,333.075 shares outstanding at a net asset 
value of $18.93 per share. As of November 7, 1994, applicant 
distributed $309,185.11 to its shareholders. Each shareholder received 
his or her proportionate interest based on the net asset value of the 
shares. Organizational expenses totaling $55,000 were paid when 
incurred by Adviser. Therefore, no unamortized organizational expenses 
were charged to applicant.
    3. Liquidation expenses of less than $50.00 for copying and postage 
were paid by Adviser.
    4. Applicant has no securityholders, assets, debts, or other 
liabilities. Applicant is not a party to any litigation or 
administrative proceeding. Applicant is not engaged and does not 
propose to engage in any business activity other than those necessary 
for the winding up of its affairs.
    5. On November 3, 1994, the directors of applicant authorized the 
dissolution of applicant. Applicant filed a statement of intent to 
dissolve with the secretary of state of Vermont on November 23, 1994.

    For the Commission, by the Division of Investment Management, 
under delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 95-2206 Filed 1-27-95; 8:45 am]
BILLING CODE 8010-01-M