03-22514. Issuer Delisting; Notice of Application of Vestaur Securities, Inc. to Withdraw Its Common Stock, $.01 Par Value, From Listing and Registration on the New York Stock Exchange, Inc. File No. 1-02320

August 29, 2003.

Vestaur Securities, a State of Delaware corporation (“Issuer”), has filed an application with the Securities and Exchange Commission (“Commission”), pursuant to Section 12(d) of the Securities Exchange Act of 1934 (“Act”) ^[1] and Rule 12d2-2(d) thereunder,^[2] to withdraw its Common Stock (“Security”), from listing and registration on the New York Stock Exchange, Inc. (“NYSE” or “Exchange”).

The Issuer's Board of Directors (“Board”) approved resolutions on May 14, 2003 to withdraw the Issuer's Security from listing on the NYSE and approved the listing on the American Stock Exchange (“AMEX”). In making its decision to withdraw the Security from the Exchange, the Board determined that it was in the best interest of the Issuer to delist from the NYSE and list on the AMEX due to considerations of expense and the resulting benefits to the Issuer's shareholders.

The Issuer stated in its application that it has complied with the NYSE's rules governing an issuer's voluntary withdrawal of a security from listing and registration. The Issuer's application relates solely to the Security's withdrawal from listing on the NYSE and from registration under section 12(b) of the Act ^[3] and shall not affect its obligation to be registered under section 12(g) of the Act.^[4]

Any interested person may, on or before September 18, 2003, submit by letter to the Secretary of the Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609, facts bearing upon whether the application has been made in accordance with the rules of the NYSE and what terms, if any, should be imposed by the Commission for the protection of investors. The Commission, based on the information submitted to it, will issue an order granting the application after the date mentioned above, unless the Commission determines to order a hearing on the matter.

For the Commission, by the Division of Market Regulation, pursuant to delegated authority.⁵

Jonathan G. Katz,

Secretary.

Footnotes

1.  15 U.S.C. 78l(d).

2.  17 CFR 240.12d2-2(d).

3.  15 U.S.C. 78l(b).

4.  15 U.S.C. 78l(g).

5.  17 CFR 200.30-3(a)(1).