94-7508. California Tax-Free Money Trust; Notice of Application

[Federal Register Volume 59, Number 61 (Wednesday, March 30, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-7508]


[[Page Unknown]]

[Federal Register: March 30, 1994]


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SECURITIES AND EXCHANGE COMMISSION
[Rel. No. IC-20158; 811-5945]

 

California Tax-Free Money Trust; Notice of Application

March 24, 1994.
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: California Tax-Free Money Trust.
    Relevant Act Section: Section 8(f).
    Summary of Application: Applicant seeks an order declaring that it 
has ceased to be an investment company.
    Filing Date: The application was filed on March 10, 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 April 
18, 1994 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 may request 
notification of a hearing by writing to the SEC's Secretary.

ADDRESSES: Secretary, SEC, 450 5th Street, N.W., Washington, D.C. 
20549. Applicant, 6 St. James Street, Boston, Massachusetts 02116.

FOR FURTHER INFORMATION CONTACT: Deepak T. Pai, Staff Attorney, at 
[phone], or Robert A. Robertson, Branch Chief, at [phone] 
(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 at the 
SEC's Public Reference Branch.

Applicant's Representations

    1. Applicant is a trust organized under the laws of the State of 
New York. On October 11, 1989, applicant registered as an investment 
company under the Act, and on September 14, 1990 applicant filed a 
registration statement on Form N-1A to register its shares. While in 
operation, applicant had three interestholders: Eagle California Tax-
Free Money Fund, a portfolio of First Funds of America; California Tax-
Free Portfolio, a portfolio of First Cash Funds of America; and 
California Tax-Free Money Market Fund (``CTF''), a portfolio of 
California Investment Trust. Applicant did not issue shares to the 
general public.
    2. At a meeting held on October 30, 1992, applicant's board of 
directors approved the reorganization, termination and deregistration 
of applicant. In this reorganization, two of applicant's 
interestholders would be acquired by California Tax-Exempt Money Market 
Fund (``CTE''), a portfolio of Pacific Horizon Funds, Inc., and 
concurrently, CTE and CTF would acquire their proportionate share of 
applicant's portfolio securities.
    3. On February 19, 1993, at a special meeting, applicant's 
interestholders approved a plan of reorganization. On March 1, 1993, 
pursuant to the plan, CTE acquired all of the assets and liabilities of 
Eagle California Tax-Free Money Fund and California Tax-Free Portfolio 
in exchange for shares of CTE with the same net asset value, and these 
shares were distributed to the shareholders of Eagle California Tax-
Free Money Fund and California Tax-Free Portfolio. Concurrently, 
applicant transferred all of its assets and liabilities to its sole 
interestholders, CTE and CTF, in proportion to their respective 
interests.
    4. One-third of expenses incurred in connection with the 
reorganization were paid by Pacific Horizon, and the balance was paid 
by Bank of America N.T. & S.A., Pacific Horizon's investment adviser, 
and Concord Holding Corporation, Pacific Horizon's administrator.
    5. Applicant has no debts or other liabilities outstanding, and is 
not a party to any litigation or administrative proceeding. Applicant 
has no securityholders at the time of filing of the application.
    6. Applicant is not now engaged, nor does it propose to engage, in 
any business activities other than those necessary for the winding up 
of its affairs. Applicant will be terminated under state law.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 94-7508 Filed 3-29-94; 8:45 am]
BILLING CODE 8010-01-M