[Federal Register Volume 63, Number 130 (Wednesday, July 8, 1998)]
[Notices]
[Pages 36977-36979]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-18004]
[[Page 36977]]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. IC-23296]
Notice of Applications for Deregistration Under Section 8(f) of
the Investment Company Act of 1940
June 30, 1998.
The following is a notice of applications for deregistration under
section 8(f) of the Investment Company Act of 1940 for the month of
June, 1998. A copy of each application may be obtained for a fee at the
SEC's Public Reference Branch, 450 Fifth St., NW., Washington, DC 20549
(tel. 202-942-8090). An order granting each application will be issued
unless the SEC orders a hearing. Interested persons may request a
hearing on any application by writing to the SEC's Secretary at the
address below and serving the relevant 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 July 27, 1998, 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 who wish to be notified of a hearing may
request notification by writing to the Secretary, SEC, 450 Fifth
Street, NW., Washington, 20549. For Further Information Contact: Diane
L. Titus, at (202) 942-0564, SEC, Division of Investment Management,
Office of Investment Company Regulation, Mail Stop 5-6, 450 Fifth
Street, NW., Washington, DC 20549.
Financial Reserves Fund [File No. 811-3476]
Summary: Applicant requests an order declaring that it has ceased
to be an investment company. On August 30, 1994, applicant transferred
its assets and liabilities to The Financial Reserves Portfolio
(``Financial''), a series of The Victory Funds, based on the relative
net asset values per share. The total expenses incurred in connection
with the reorganization of applicant were $115,211 and were paid by
KeyCorp., the parent company of the investment adviser for applicant
and Financial.
Filing Dates: The application was filed on September 26, 1997, and
amended on June 2, 1998.
Applicant's Address: 3435 Stelzer Road, Suite 1000, Columbus, Ohio
43219-8001.
Asia House Funds [File No. 811-8070]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On September 12, 1997, applicant distributed
its net assets to its shareholders at the net asset value per share.
Applicant's investment adviser, Asia House Investments, paid
appropriately $7,386.46, and affiliates, ASEAN Growth Fund and Far East
Growth Fund, paid $6,084.05 and $9,029.49, respectively, in expenses in
connection with the liquidation.
Filing Dates: The application was filed on February 17, 1998 and
amended on June 1, 1998.
Applicant's Address: 100 Church Street, Suite 307B, Evanston, IL
60201.
Van Kampen American Capital Government Target Fund [File No. 811-6127]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On December 16, 1997, applicant made a
liquidating distribution at net asset value. Applicant's investment
adviser, Van Kampen American Capital Asset Management Inc., paid all
expenses in connection with the liquidation.
Filing Dates: The application was filed on December 29, 1997, and
amended on June 2, 1998.
Applicant's Address: One Parkview Plaza, Oakbrook, Terrace, IL
60181.
Triple A and Government Series--1997, Inc. [File No. 811-6656]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On June 29, 1997, applicant made a
liquidating distribution to its shareholders at net asset value.
Applicant has two shareholders that have not yet surrendered their
share certificates. As of June 5, 1998, cash amounting to approximately
$20 was being held in a non-interest-bearing account with PNC Bank for
these shareholders in accordance with applicable state law. Applicant
paid approximately $8,700 in expenses related to the liquidation.
Mitchell Hutchins, applicant's investment adviser, will be responsible
for any additional expenses that may be incurred with respect to the
liquidation.
Filing Dates: The application was filed on November 14, 1997, and
amended on June 12, 1998.
Applicant's Address: 1285 Avenue of the Americas, New York, New
York 10019.
Goldman Sachs Equity Portfolios, Inc. [File No. 811-6036]
Goldman Sachs Money market Trust [File No. 811-2598]
Summary: Each applicant seeks an order declaring that it has ceased
to be an investment company. On April 30, 1997, each applicant
transferred all of its assets and liabilities to the corresponding
series of Goldman Sachs Trust (``Trust''), based on the relative net
asset values per share. The Trust paid $687,143 in reorganization
expenses.
Filing Date: Each application was filed on May 21, 1998.
Applicant's Address: 4900 Sears Tower, Chicago, IL 60606.
Schroder Asian Growth Fund, Inc. [File No. 811-8150]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On March 20, 1998, applicant converted from a
closed-end investment company to an open-end investment company by
transferring all of its assets and liabilities to Schroder All-Asia
Fund, based on the relative net asset value per share of each fund.
Expenses incurred in connection with the conversion totaled
approximately $576,000 and were borne by applicant.
Filing Dates: The application was filed on April 27, 1998, and
amended on June 24, 1998.
Applicant's Address: 787 Seventh Avenue, 34th Floor, New York, New
York 10019.
Franklin Tax-Advantaged International Bond Fund [File No. 811-4849]
Franklin Tax-Advantaged U.S. Government Securities Fund [File No. 811-
5007]
Franklin Tax-Advantaged High Yield Securities Fund [File No. 811-5008]
Summary: Each applicant, a California limited partnership, seeks an
order declaring that it has ceased to be an investment company. As of
June 27, 1997, each of Franklin Tax-Advantaged International Bond Fund
and Franklin Tax-Advantaged U.S. Government Securities Fund had
liquidated all to its assets and distributed the proceeds pro rata to
or as directed by its partners. As of May 30, 1997, Franklin Tax-
Advantaged High Yield Securities Fund had liquidated all of its assets
and distributed the proceeds pro rata to or as directed by its
partners. Expenses incurred in connection with each liquidation were
approximately $7,158, $59,181, and $46,750, respectively, and were
borne by each applicant.
Filing Dates: Each application was filed on March 23, 1998, and
amended on June 4, 1998.
Applicants' Address: 777 Mariner Island Blvd., San Mateo,
California 94404.
[[Page 36978]]
The JPM Institutional Plus Funds [File No. 811-7900]
Summary: Applicant requests an order declaring that it has ceased
to be an investment company. Between January 1994 and June 1994, all of
applicant's public shareholders redeemed their shares at net asset
value. On March 22, 1995, applicant's sole remaining shareholder, SFG
Investors II Limited Partnership, redeemed its shares at net asset
value. Applicant's investment adviser, Morgan Guaranty Trust Company of
New York, paid approximately $21,550 in expenses relating to the
liquidation.
Filing Dates: The application was filed on February 21, 1997, and
amended on June 11, 1997, September 10, 1997, and May 29, 1998.
Applicant's Address: 6 St. James Avenue, Boston, Massachusetts
02116.
CAM Balanced Fund, Inc. [File No. 811-7713]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. Applicant has never made a public offering of
its securities and does not propose to make a public offering or engage
in business of any kind.
Filing Date: The application was filed on May 27, 1998.
Applicant's Address: Three Radnor Corporate Center, Suite 300,
Radnor, Pennsylvania 19087.
Putnam Qualified Dividend Income Fund [File No. 811-6055]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. Applicant has never made a public offering of
its securities and does not propose to make a public offering or engage
in business of any kind.
Filing Date: The application was filed on May 27, 1998.
Applicant's Address: One Post Office Square, Boston, Massachusetts
02109.
The Victory Funds [File No. 811-3378]
Summary of Application: Applicant seeks an order declaring that it
has ceased to be an investment company. One June 5, 1995, applicant
transferred all of its assets to the Victory Portfolios (the
``Acquiring Fund'') in exchange for securities in that company, based
on relative net asset values. Expenses totaled $1,464,629 and were paid
by the parent company of the adviser to both the applicant and the
Acquiring Fund.
Filing Dates: The application was filed on September 26, 1997 and
amended on June 2, 1998.
Applicant's Address: 3435 Stelzer Road, Ste 1000, Columbus, Ohio
43219-8001.
Daily Cash Accumulation Fund, Inc. [File No. 811-2346]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On November 21, 1997, applicant transferred
all of its assets to Money Market Trust, based on the relative net
asset value per share. Applicant and Money Market Trust paid $563,300
and $86,600, respectively, in expenses in connection with the
transaction.
Filing Dates: The application was filed on April 3, 1998 and
amended on June 24, 1998.
Applicant's Address: 6803 South Tucson Way, Englewood, Colorado
80112.
Investors Trust [File No. 811-4945]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On September 26, 1996, pursuant to the
applicable Reorganization Agreement, applicant's five series, Investors
Trust Government Fund, Investors Trust Value Fund, Investors Trust
Growth Fund, Investors Trust Tax Free Fund, and Investors Trust
Adjustable Rate Fund, transferred their assets and stated liabilities
into corresponding Acquiring Funds of the GE Funds. Expenses totaled
$906,750, of which $809,058 was paid by GE Investment Management
Incorporated, the adviser to the Acquiring Funds, and $97,692 was paid
by GNA Capital Management, the adviser to the applicant.
Filing Dates: The application was filed on February 9, 1998 and
amended on May 28, 1998.
Address: Applicant: Suite 5600, Two Union Square, 601 Union Street,
Seattle, WA 98101.
A. T. Ohio Municipal Money Fund [File No. 811-4097]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On August 30, 1997, applicant transferred all
of its assets to The Ohio Municipal Money Market Portfolio, a series of
The Victory Funds, based on the relative net asset value per share.
Keycorp, the parent of applicant's investment adviser, Society Asset
Management Inc., paid $115,211 in expenses in connection with the
transaction.
Filing Date: The application was filed on September 26, 1997, and
applicant has agreed to file an amendment during the notice period.
Applicant's Address: 3435 Stelzer Road, Suite 1000, Columbus, Ohio
43219-8001.
The Exchange Fund of Boston, Inc. [File No. 811-2598]
Fiduciary Exchange Fund, Inc. [File No. 811-1409]
Second Fiduciary Exchange Fund, Inc. [File No. 811-1453]
Diversification Fund, Inc. [File No. 811-1003]
Capital Exchange Fund, Inc. [File No. 811-1339]
Depositors Fund Of Boston, Inc. [File No. 811-1295]
Summary: Each applicant seeks an order declaring that it has ceased
to be an investment company. On October 31, 1997, each applicant
transferred all of its assets and liabilities to corresponding series
of Eaton Vance Series Trust (``Trust''), based on the relative net
asset values per share. Applicant paid approximately $6,000 in
reorganization expenses.
Filing Date: Each application was filed on May 22, 1998, and
Fiduciary Exchange Fund, Inc. has agreed to file an amendment during
the notice period.
Applicants' Address: 24 Federal Street, Boston, MA 02110.
Society's Collective Investment Retirement Fund [File No. 811-4895]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On December 18, 1994, pursuant to an
Agreement and Plan of Reorganization, applicant's two series, the
Balanced Portfolio Series and the U.S. Government Portfolio Series,
transferred their assets into corresponding series of the Victory
Portfolios based on relative net asset values per share. Expenses
totaled $49,951 and were paid by the parent company of the adviser to
both the applicant and the Victory Portfolios.
Filing Dates: The application was filed on October 1, 1997 and
amended on June 2, 1998.
Address: Applicant, 3435 Stelzer Road, Ste 1000, Columbus, Ohio
43219-8001.
Putnam Information Sciences Trust [File No. 811-3672]
Putnam Intermediate Government Income Trust [File No. 811-5556]
Summary: Each applicant seeks an order declaring that it has ceased
to be an investment company. On March 23, 1992, Putnam Information
Sciences Trust transferred all of its assets and liabilities to Putnam
New Opportunities Fund (``New Opportunities Fund''),
[[Page 36979]]
based on the relative net asset values per share. Applicant and New
Opportunities Fund paid approximately $108,400 and $25,600,
respectively, in expenses related to the reorganization. On January 26,
1998, Putnam Intermediate Government Income Trust transferred all of
its assets and liabilities to Putnam Mater Intermediate Income Trust
(the ``Master Fund''), based on the relative net asset values per
share. Applicant and the Master Fund paid approximately $310,696 and
$360,303, respectively, in expenses related to the reorganization.
Filing Date: Each application was filed on May 27, 1998.
Applicants' Address: One Post Office Square, Boston, Massachusetts
02109.
Dean Witter Managers' Select Fund [File No. 811-8053]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On April 27, 1998, applicant distributed its
assets to Dean Witter InterCapital, Inc. (``Dean Witter''), applicant's
investment adviser and sole shareholder. Applicant never made a public
offering of its shares and does not propose to make a public offering
or engage in any business activities.
Filing Date: The application was filed on May 8, 1998.
Applicant's Address: Two World Trade Center, New York, New York
10048.
Oppenheimer Fund [File No. 811-847]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On June 20, 1997, applicant transferred all
of its assets to Oppenheimer Multiple Strategies Fund (the ``Strategies
Fund'') at net asset value. Applicant and Strategies Fund bore $56,000
and $28,000, respectively, in expenses in connection with the
transaction.
Filing Dates: The application was filed on April 21, 1998 and
amended on June 12, 1998.
Applicant's Address: Two World Trade Center, New York, New York
10048-0203.
Oppenheimer Global Emerging Growth Fund [File No. 811-5381]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On June 20, 1997, applicant transferred all
of its assets to Oppenheimer Global Fund (the ``Global Fund'') at net
asset value. Applicant and Global Fund paid $66,754 and $27,923,
respectively, in expenses in connection with the transaction.
Filing Dates: The application was filed on April 21, 1998 and
amended on June 12, 1998.
Applicant's Address: Two World Trade Center, New York, New York
10048-0203.
For the Commission, by the Division of Investment Management,
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 98-18004 Filed 7-7-98; 8:45 am]
BILLING CODE 8010-01-M
