[Federal Register Volume 63, Number 88 (Thursday, May 7, 1998)]
[Notices]
[Pages 25247-25249]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-12147]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. IC-23166]
Notice of Applications for Deregistration Under Section 8(f) of
the Investment Company Act of 1940
April 30, 1998.
The following is a notice of applicants for deregistration under
section 8(f) of the Investment Company Act of 1940 for the month of
April, 1998. A copy of each application may be obtained for a fee at
the SEC's Public Reference Branch, 450 Fifth St., N.W., 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 May 26, 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, N.W., Washington, DC 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, N.W., Washington, DC 20549.
InterCapital Managed Municipal Trust [File No. 811-7187], TCW/DW
Term Trust 2001 [File No. 811-8222], TCW/DW Emerging Markets
Government Income Trust [File No. 811-8310]
Summary: Each applicant seeks an order declaring that it has ceased
to be an investment company. Each applicant has never made a public
offering of its shares and does not propose to make a public offering
or engage in business of any kind.
Filing Dates: Each application was filed on March 24, 1998.
Applicants' Address: Two World Trade Center, New York, New York
10048.
Putnam Capital Growth and Income Fund [File No. 811-7063]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On February 6, 1995, applicant made a
liquidating distribution to its sole shareholder of record at net asset
value. All other shareholders redeemed or exchanged their shares of
applicant at net asset value prior to February 6, 1995. Applicant did
not incur any expenses in connection with the liquidation, and
unamortized organizational expenses were paid by applicant's investment
adviser.
Filing Dates: The application was filed on October 3, 1995 and
amended on April 2, 1996, September 17, 1996 and March 17, 1998.
Applicant's Address: One Post Office Square, Boston, MA 02109.
Fortis Benefits Separate Account A [File No. 811-2445]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. Applicant is a separate account organized as
a unit investment trust. No assets are currently retained in Applicant;
all assets were redeemed at net asset value. No expenses were incurred
by Applicant in connection with the redemption of its assets.
Filing Date: The application was filed on March 23, 1998.
Applicant's Address: 500 Bielenberg Drive, Woodbury, MN 55125.
Fortis Benefits Separate Account B [File No. 811-2446]
Summary: Applicant seeks an order declaring that it has ceased to
be investment company. Applicant is a separate account organized as a
unit investment trust. No assets are currently retained in Applicant;
all assets were
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redeemed at net asset value.No expenses were incurred by Applicant in
connection with the redemption of its assets.
Filing Date: The application was filed on March 23, 1998.
Applicant's Address: 500 Bielenberg Drive, Woodbury, MN 55125.
Management of Managers Municipal Bond Fund [File No. 811-3755]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company.On December 31, 1987, applicant transferred
all of its assets and liabilities to the Municipal Bond Fund, a series
of Management of Managers Group of Funds, based on the relative net
asset values. The expenses of the reorganization were borne by
applicant.
Filing Dates: The application was filed on November 12, 1997 and
amended on April 22, 1998.
Applicant's Address: 25 Sylvan Road, Westport, CT 06880
Burridge Funds [File No. 811-7801]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On December 30, 1997, applicant made a
liquidating distribution to its shareholder at the net asset value per
share. Applicant's investment adviser, The Burridge Group LLC, has
agreed to pay all expenses incurred in connection with the liquidation,
which are expected to be between $20,000 and $25,000.
Filing Dates: The application was filed on February 13, 1998, and
amended on April 23, 1998.
Applicant's Address: 115 South LaSalle Street, Chicago, Illinois
60603.
The Garzarelli Funds [File No. 811-7877]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. By December 10, 1997, applicant distributed
its assets to its securityholders at the net asset value per share.
Expenses of $127,194 incurred in connection with the liquidation will
be borne by applicant's investment adviser.
Filing Date: The application was filed on December 30, 1997.
Applicant's Address: 100 South Wacker Drive, Suite 2100, Chicago,
Illinois 60606-4002.
AAHSA Trust [811-8680]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. Applicant consists of two separate series,
the Money Market Fund and the Short-Term Bond Fund. On November 27,
1996 all shares of the Money Market Fund were redeemed at net asset
value and seed money was returned to the sponsor. A public offering of
shares of the Short-Term Bond fund was not made and applicant does not
propose to make a public offering of shares of this Fund. No expenses
were incurred in the liquidation of applicant.
Filing Date: The application was filed on December 19, 1997 and
applicant has agreed to file an amendment during the notice period.
Applicant's Address: 901 E Street, N.W., Washington, D.C. 20004.
The Pilot Funds [811-3517]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On May 16, 1997, pursuant to the applicable
Reorganizing Agreements, applicant's eleven series, Pilot Equity Income
Fund, Pilot Short-Term U.S. Treasury Fund, Pilot Short-Term Diversified
Assets Fund, Pilot Diversified Bond Income Fund, Pilot Growth Fund,
Pilot Growth And Income Fund, Pilot Intermediate Municipal Bond Fund,
Pilot Intermediate U.S. Government Securities Fund, Pilot Missouri
Short-Term Exempt Fund, Pilot Municipal Bond Fund, and Pilot Short-Term
Tax-Exempt Diversified Fund, transferred their assets and stated
liabilities into corresponding Acquiring Funds of Nations Fund, Inc.
and Nations Fund Trust based on the net asset value per share. On May
23, 1997, pursuant to applicable Reorganizing Agreements, applicant's
three series, Pilot International Equity Fund, Pilot Small Capitalizing
Equity Fund and Pilot U.S. Government Securities Fund, transferred all
of their assets and stated liabilities to corresponding Acquiring Funds
of Nations Fund, Inc. and Nations Fund Trust based on the net asset
value per share. Each Reorganizing Fund distributed Acquiring Fund
Share to its shareholders in liquidation of the Reorganizing Fund.
NationsBanc Advisors, Inc. and its affiliates bore approximately
$1,348,000, and the remaining Acquiring Funds bore $141,000, in
expenses in connection with the transaction.
Filing Date: The application was filed on April 2, 1998 and
applicant has agreed to file an amendment during the notice period.
Applicant's Address: 3435 Stelzer Road, Columbus, Ohio 43219.
Allied Financial Corporation II [File No. 811-6345], Allied
Investment Corporation II [File No. 811-6354]
Summary: Each applicant requests an order declaring that it has
ceased to be an investment company. On December 31, 1997, Allied
Financial Corporation II merged into Allied Capital Financial
Corporation (``Financial I''), and Allied Investment Corporation II
merged into Allied Investment Corporation (``Investment I'') )
collectively, the ``Mergers''). The shares of common stock of each
applicant issued and outstanding were converted into the right to
receive cash, in the aggregate, in the amount of $0.05. At the time of
the Mergers, Financial I and Investment I were each registered under
the Act as a closed-end management investment company. Subsequently, on
January 5, 1998, Financial I and Investment I each elected to be
regulated as a business development company under the Act. At the time
of the Mergers, applicants, Financial I, and Investment I were wholly-
owned subsidiaries of Applied Capital Corporation (``ACC''), a business
development company. Expenses incurred in connection with the Mergers
totaled approximately $700 for each applicant and were borne by ACC.
Filing Dates: Each application was filed on January 14, 1998. Each
applicant has agreed to file an amendment, the substance of which is
incorporated in this notice, during the notice period.
Applicants' Address: 1666 K Street, N.W., 9th Floor, Washington,
D.C. 20006-2803.
Allied Development Corporation [File No. 811-3553]
Summary: Applicant requests an order declaring that it has ceased
to be an investment company. On December 18, 1997, applicant merged
into its sole shareholder, Allied Capital Corporation (``ACC''), a
business development company (the ``Merger''). On that date, each share
of applicant's outstanding common stock was canceled. Expenses incurred
in connection with the Merger totaled approximately $700 and were borne
by ACC.
Filing Dates: The application was filed on January 14, 1998.
Applicant has agreed to file an amendment, the substance of which is
incorporated in this notice, during the notice period.
Applicant's Address: 1666 K Street, N.W., 9th Floor, Washington,
D.C. 20006-2803.
Colonial Value Investing Portfolios--Equity Portfolio [File No.
811-5461]
Summary: Applicant requests an order declaring that it has ceased
to be an investment company. On June 5, 1992, applicant's three series,
Diversified Return Fund, Inflation Hedge Fund, and Growth Fund,
transferred their assets and liabilities to corresponding series of
Colonial Trust
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III based on the relative net asset value per share. Applicant paid
approximately $60,878 in expenses related to the reorganization.
Filing Dates: The application was filed on April 23, 1997 and
amended on April 16, 1998.
Applicant's Address: One Financial Center, Boston, Massachusetts
02111.
The Brazilian Investment Fund, Inc. [File No. 811-6248]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. By December 31, 1997, applicant completed a
liquidating distribution to its stockholders as net asset value.
Expenses incurred in connection with the liquidation totaled $281,530
and were borne by applicant.
Filing Dates: The application was filed on January 7, 1998.
Applicant has agreed to file an amendment during the notice period, the
substance of which is incorporated in this notice.
Applicant's Address: c/o Morgan Stanley Asset Management Inc., 1221
Avenue of the Americas, New York, New York 10020.
For the Commission, by the Division of Investment Management,
pursuant to delegated authority.
Jonathan G. Katz,
Secretary.
[FR Doc. 98-12147 Filed 5-6-98; 8:45 am]
BILLING CODE 8010-01-M