[Federal Register Volume 60, Number 160 (Friday, August 18, 1995)]
[Notices]
[Page 43178]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-20479]
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SECURITIES AND EXCHANGE COMMISSION
[Rel. No. IC-21280; File No. 811-3437]
Jefferson-Pilot Money Market Fund, Inc, et al.
August 11, 1995.
AGENCY: U.S. Securities and Exchange Commission (``SEC'').
ACTION: Notice of application for an order under the Investment Company
Act of 1940 (the ``1940 Act'').
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APPLICANT: Jefferson-Pilot Money Market Fund, Inc. (``JP Money
Market'').
RELEVANT 1940 ACT SECTION: Order requested under Section 8(f) of the
1940 Act.
SUMMARY OF APPLICATION: The Applicant seeks an order declaring that it
has ceased to be an investment company.
FILING DATE: The application was filed on December 16, 1994, and
amended on August 7, 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 Secretary of the SEC 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 September 5,
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
Secretary of the SEC.
ADDRESSES: Secretary, SEC, 450 Fifth Street, N.W., Washington, DC
20549; Applicant, c/o J. Gregory Poole, Esq., Jefferson-Pilot Life
Insurance Company 100 North Greene Street, Greensboro, North Carolina
27401.
FOR FURTHER INFORMATION CONTACT:
Edward P. Macdonald, Staff Attorney, or Patrice M. Pitts, Special
Counsel, Division of Investment Management (Office of Insurance
Products), at (202) 942-0670.
SUPPLEMENTARY INFORMATION: Following is a summary of the application.
The complete application is available for a fee from the Public
Reference Branch of the SEC.
Applicant's Representations
1. JP Money Market is organized as a North Carolina corporation,
and is registered under the 1940 Act as an open-end diversified
management investment company. On April 1, 1982, JP Money Market filed
an initial registration statement on Form N-1 to register shares under
the Securities Act of 1933 (File No. 2-76802), and notified the SEC of
its registration as an investment company by filing a Notice of
Registration on Form N-8A (File No. 811-3437). Applicant's registration
statement was declared effective by the SEC on October 26, 1982.
2. The SEC granted an order on October 21, 1994 (Rel. No. IC-20643)
permitting the substitution of shares of the Variable Insurance
Products Funds' Money Market Portfolio for shares of JP Money Market.
On October 27, 1994, the Applicant redeemed for cash all outstanding
shares of the fund it held on behalf of Jefferson-Pilot Separate
Account A, a separate account organized by Jefferson-Pilot Life
Insurance Company (``JP Life'') and registered under the 1940 Act as a
unit investment trust for the purpose of funding individual variable
annuity contracts. Commencing October 27, 1994, and continuing through
November 7, 1994, JP Life redeemed its shares of JP Money Market at net
asset value. This redemption of shares by JP Life, which represented
its ``seed'' money in JP Money Market, took place over a twelve day
period as the shares were redeemed coincident with the maturity of
short-term securities held by JP Money Market. The shares redeemed for
Jefferson-Pilot Separate Account A and those redeemed for JP Life
constituted all the outstanding shares of Applicant.
3. On December 12, 1994, Applicant's Board of Directors adopted a
resolution directing that JP Money Market be deregistered under the
1940 Act.
4. Applicant is not a party to any litigation or administrative
proceeding and is not now engaged, nor does it intend to engage, in any
business activities other than those necessary for the winding-up of
its affairs.
5. Applicant has no debts. There were no expenses, including
brokerage commissions, incurred in connection with the liquidation. Any
expenses involved in the dissolution of Applicant as a North Carolina
corporation will be borne by JP Management, Applicant's investment
adviser.
6. JP Money Market is current with all of it filings under the Act,
including all Form N-SAR filings.
7. Applicant currently has no assets, has no security holders or
shares outstanding, and is in the process of winding up its affairs.
Applicant has not sold its assets or securities to another investment
company, nor transferred its assets to any other trust, nor has it or
will it merge into or consolidate with another registered investment
company. Applicant has no reason for continuing to be registered as an
investment company. Applicant has no reason for continuing to be
registered as an investment company.
8. Applicant intends to file with the North Carolina Secretary of
State the documents necessary to dissolve itself as a North Carolina
corporation, thereby ceasing to exist as a legal entity.
Conclusion
For the Commission, by the Division of Investment Management,
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 95-20479 Filed 8-17-95; 8:45 am]
BILLING CODE 8010-01-M
