[Federal Register Volume 63, Number 172 (Friday, September 4, 1998)]
[Notices]
[Pages 47334-47336]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-23851]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. IC-23419]
Notice of Applications for Deregistration Under Section 8(f) of
the Investment Company Act of 1940
August 28, 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
August, 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 September 22, 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 25049.
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.
John Hancock Limited Term Government Fund [File No. 811-1678]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On December 5, 1997, applicant transferred
its assets to John Hancock Intermediate Maturity Government Fund, a
series of John Hancock Bond Trust (``Bond Trust''), based on the
relative net asset values per share. Applicant and Bond Trust paid
approximately $88,325 and $91,699, respectively, in expenses in
connection with the reorganization.
Filing Date: The application was filed on July 21, 1998.
Applicant's Address: 101 Huntington Avenue, Boston, Massachusetts
02199-7603.
ND Insured Income Fund, Inc. [File No. 811-6238]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On April 2, 1998, applicant's sole remaining
shareholder redeemed his shares at net asset value. All other
shareholders redeemed their shares of applicant at net asset value
prior to April 2, 1998. Applicant's investment adviser will pay any
expenses incurred in connection with the liquidation.
Filing Date: The application was filed on July 21, 1998.
Applicant's Address: 1 North Main, Minot, North Dakota 58703.
Putnam Investment Grade Intermediate Municipal Trust [File No. 811-
7628]
Putnam Intermediate Tax Exempt Fund [File No. 811-7151]
Summary: Each applicant seeks an order declaring that it has ceased
to be an investment company. On August 7, 1995, Putnam Investment Grade
Intermediate Municipal Trust transferred its assets and liabilities to
Putnam Intermediate Tax Exempt Fund (the ``Tax Exempt Fund''), based on
the relative net asset value per share of each fund. Applicant and Tax
Exempt Fund paid approximately $118,948, and $27,987, respectively, in
expenses related to the reorganization. On May 10, 1996, Putnam
Intermediate Tax Exempt Fund transferred its assets and liabilities to
Putnam Tax Exempt Income Fund (the``Income Fund''), based on the
relative net asset value per share of each fund. Applicant and the
Income Fund paid approximately $51,248, and $63,752, respectively, in
expenses related to the reorganization.
Filing Date: Each application was filed on July 21, 1998.
Applicant's Address: One Post Office Square, Boston, Massachusetts
02109.
Qualivest Fund [File No. 811-8526]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On November 21, 1997, six of applicant's
series--Small Companies Value Fund, Large Companies Value Fund,
Optimized Stock Fund, Intermediate Bond Fund,
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Diversified Bond Fund, and International Opportunities Fund--each
transferred all of their assets and liabilities to corresponding series
of First American Investment Funds, Inc. (``FAIF''), based on the
relative net asset value per share. On November 21, 1997, and November
26, 1997 (with respect to the Tax-Free Money Market Fund), three of
applicant's series--Money Market Fund, U.S. Treasury Money Market Fund,
and Tax-Free Money Market Fund--each transferred all of their assets
and liabilities to corresponding series of First American Funds, Inc.
(``FAF''), based on the relative net asset value per share. On November
26, 1997, four of applicant's series--Allocated Conservative Fund,
Allocated Balanced Fund, Allocated Growth Fund, and Allocated
Aggressive Growth Fund--each transferred all of their assets and
liabilities to corresponding series of First American Strategy Funds,
Inc. (``FASF''), based on the relative net asset value per share. U.S.
Bank National Association, investment adviser to applicant and FAIF,
FAF, and FASF, paid approximately $218,044 in the aggregate in
connection with the reorganizations.
Filing Date: The application was filed on July 31, 1998.
Applicant's Address: 3435 Stelzer Road, Columbus, Ohio 43219-3035.
TCW/DW Strategic Income Trust [File No. 811-7693]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On March 9, 1998, applicant distributed its
assets to its securityholders at the net asset value per share. Morgan
Stanley Dean Witter Advisors Inc., the parent company of applicant's
manager, paid approximately $16,000 in connection with the liquidation
and paid any unamortized organizational expenses.
Filing Dates: The applicant was filed on July 7, 1998 and amended
on August 19, 1998.
Applicant's Address: Two World Trade Center, New York, New York
10048.
Steadman Technology and Growth Fund [File No. 811-1542]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On June 10, 1998, applicant distributed all
of its assets to Steadman Security Corporation (``Steadman''),
applicant's investment adviser and transfer agent, for distribution to
shareholders. Steadman distributed applicant's assets to shareholders
at net asset value by June 12, 1998. Applicant paid approximately
$11,000 in expenses in connection with the liquidation.
Filing Dates: The application was filed on June 30, 1998, and
amended on July 23, 1998, and August 13, 1998.
Applicant's Address: 1730 K Street, N.W., Washington, D.C. 20006.
FMB Funds, Inc. [File No. 811-6420]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On April 6, 1998, applicant completed the
transfer of all of its assets to corresponding series of The Monitor
Funds at net asset value. Applicant's investment adviser, The
Huntington National Bank, paid $350,000 in expenses in connection with
the transaction.
Filing Dates: The application was filed on June 24, 1998 and
amended on August 11, 1998.
Applicant's Address: 41 South High Street, Columbus, Ohio 43287.
The Walnut Street Funds, Inc. [File No. 811-7552]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On April 29, 1998, applicant completed
distribution of its net assets to its shareholders at net asset value.
Applicant's investment adviser, Conning Asset Management Company, Paid
$78,734 in expenses in connection with the liquidation.
Filing Dates: The application was filed on June 17, 1998 and
amended on August 14, 1998.
Applicant's Address: 400 South Fourth Street, Suite 1000, St.
Louis, Missouri 63102.
Hartford U.S. Government Money Market Fund, Inc. [File No. 811-3661]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On June 30, 1997, applicant transferred all
of its assets and liabilities to HVA Money Market Fund, based on the
relative net asset value per share of each fund. Hartford Life
Insurance Company, applicant's sponsor, paid approximately $40,000 in
connection with the reorganization.
Filing Date: The application was filed on August 22, 1997.
Applicant's Address: Hartford Plaza, Hartford, Connecticut 06115.
Management of Managers Money Market Fund [File No. 811-3754]
Management of Managers Special Equity Fund [File No. 811-3751]
Management of Managers Capital Appreciation Fund [File No. 811-3752]
Management of Managers International Equity Fund [File No. 811-3746]
Management of Managers Short and Intermediate Bond Fund [File No. 811-
3753]
Summary: Each applicant seeks an order declaring that it has ceased
to be an investment company. On December 31, 1987, applicants
transferred all of their assets to corresponding series of the
Management of Managers Group of Funds (``Trust``) based on net asset
value per share. Reorganization expenses were paid pro rata by each
series of the Trust in connection with the transaction.
Filing Dates: Management of Managers Money Market Fund and Special
Equity Fund filed applications on May 21, 1998 and Management of
Mangers Capital Appreciation Fund, International Equity Fund and Short
and Intermediate Bond Fund filed applications on June 17, 1998. All
applications were amended on August 3, 1998.
Applicant's Address: 25 Sylvan Road, Westport, Connecticut 06880.
G.T. Global Developing Markets Fund, Inc. [File No. 811-8138]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On October 31, 1997, G.T. Global Developing
Markets Fund Inc., a closed-end investment company, was converted into
GT Global Developing Markets Fund (``New Fund''), a series of G.T.
Investment Fund, Inc., an open-end investment company. Applicant
transferred all of its assets and liabilities to the New Fund for its
Class A shares based on net asset value per share. Applicant and New
Fund paid $131,706 and $225,973, respectively, in expenses in
connection with the transaction.
Filing Dates: The application was filed on March 3, 1998 and
amended on May 27, 1998 and August 21, 1998.
Applicant's Address: 50 California Street, 27th Floor, San
Francisco, CA 94111.
Templeton Latin America Small Cap Fund, Inc. [File No. 811-8864]
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
[[Page 47336]]
a public offering or engage in business of any kind.
Filing Date: The application was filed on August 7, 1998.
Applicant's Address: 500 East Broward Boulevard, Ft. Lauderdale,
Florida 33394.
For the Commission, by the Division of Investment Management,
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 98-23851 Filed 9-3-98; 8:45 am]
BILLING CODE 8010-01-M