Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940, 32675-32677 [E5-2861]
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Federal Register / Vol. 70, No. 106 / Friday, June 3, 2005 / Notices
and that complying with this
requirement takes each of these funds
on average, 25 hours of a compliance
attorney’s time and, in the aggregate,
approximately 2,500 hours 6 annually.
The Commission staff estimates that
3,028 portfolios of approximately 2,126
investment companies use the services
of one or more subadvisers. Based on
discussions with industry
representatives, the staff estimates that
it will require approximately 6 hours to
draft and execute revised subadvisory
contracts (5 staff attorney hours, 1
supervisory attorney hour), in order for
funds and subadvisers to be able to rely
on the exemption in rule 10f–3. The
staff assumes that all of these funds
amended their advisory contracts when
rule 10f–3 was amended in 2002 by
conditioning certain exemptions upon
such contractual alterations.7
Based on an analysis of investment
company filings, the staff estimates that
approximately 200 new funds register
annually. Assuming that the number of
these funds that will use the services of
subadvisers is proportionate to the
number of funds that currently use the
services of subadvisers, approximately
46 new funds will enter into
subadvisory agreements each year.8 The
Commission staff estimates, based on an
analysis of investment company filings,
that an additional 10 funds, currently in
existence, will employ the services of
subadvisers for the first time each year.
Thus, the staff estimates that a total of
56 funds, with a total of 78 portfolios,9
will enter into subadvisory agreements
each year. Assuming that each of these
funds enters into a contract that permits
it to rely on the exemption in rule 10f–
3, we estimate that the rule’s contract
modification requirement will result in
117 burden hours annually.10
The staff estimates, therefore, that rule
10f–3 imposes an information collection
burden of 4,250 hours.11 This estimate
does not include the time spent filing
6 This estimate is based on the following
calculation: (100 funds × 25 hours = 2,500 hours).
7 Rules 12d3–1, 10f–3, 17a–10, and 17e–1 require
virtually identical modifications to fund advisory
contracts. The Commission staff assumes that funds
would rely equally on the exemptions in these
rules, and therefore the burden hours associated
with the required contract modifications should be
apportioned equally among the four rules.
8 Approximately 23 percent of funds are advised
by subadvisers.
9 Based on existing statistics, we assume that each
fund has 1.4 portfolios advised by a subadviser.
10 This estimate is based on the following
calculations: (78 portfolios × 6 hours = 468 burden
hours for rules 12d3–1, 10f–3, 17a–10, and 17e–1;
468 total burden hours for all of the rules / four
rules = 117 annual burden hours per rule).
11 This estimate is based on the following
calculations: (500 hours + 333 hours + 800 hours
+ 2,500 hours + 117 hours = 4,250 total burden
hours).
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32675
transaction reports on Form N–SAR,
which is encompassed in the
information collection burden estimate
for that form.
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless it displays a currently valid OMB
control number.
General comments regarding the
above information should be directed to
the following persons: (i) Desk officer
for the Securities and Exchange
Commission, Office of Information and
Regulatory Affairs, Office of
Management and Budget, Room 10102,
New Executive Office Building,
Washington, DC 20503, or e-mail to:
David_Rostker@omb.eop.gov; and R.
Corey Booth, Director/Chief Information
Officer, Office of Information
Technology, Securities and Exchange
Commission, 450 5th Street, NW.,
Washington, DC 20549. Comments must
be submitted to OMB within 30 days of
this notice.
Street, NW., Washington, DC 20549–
0609. For Further Information Contact:
Diane L. Titus at (202) 551–6810, SEC,
Division of Investment Management,
Office of Investment Company
Regulation, 450 Fifth Street, NW.,
Washington, DC 20549–0504.
California Limited Maturity Municipals
Portfolio [File No. 811–7218]
Florida Limited Maturity Municipals
Portfolio [File No. 811–7220]
Massachusetts Limited Maturity
Municipals Portfolio [File No. 811–
7222]
National Limited Maturity Municipals
Portfolio [File No. 811–7224]
New Jersey Limited Maturity
Municipals Portfolio [File No. 811–
7226]
New York Limited Maturity Municipals
Portfolio [File No. 811–7228]
Pennsylvania Limited Maturity
Municipals Portfolio [File No. 811–
7230]
Ohio Limited Maturity Municipals
Portfolio [File No. 811–7520]
Dated: May 27, 2005.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. E5–2845 Filed 6–2–05; 8:45 am]
SUMMARY: Each applicant seeks an order
declaring that it has ceased to be an
investment company. On October 8,
2004, each applicant made a liquidating
distribution to its shareholders, based
on net asset value. Applicants incurred
no expenses in connection with the
liquidations.
FILING DATE: The applications were filed
on May 12, 2005.
APPLICANTS’ ADDRESS: The Eaton Vance
Building, 255 State St., Boston, MA
02109.
National Municipals Portfolio [File No.
811–7172]
Florida Municipals Portfolio [File No.
811–7182]
Massachusetts Municipals Portfolio
[File No. 811–7190]
New York Municipals Portfolio [File No.
811–7200]
Ohio Municipals Portfolio [File No.
811–7204]
California Municipals Portfolio [File No.
811–7216]
Mississippi Municipals Portfolio [File
No. 811–7646]
West Virginia Municipals Portfolio [File
No. 811–7648]
Rhode Island Municipals Portfolio [File
No. 811–7650]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. IC–26904]
Notice of Applications for
Deregistration Under Section 8(f) of the
Investment Company Act of 1940
May 27, 2005.
The following is a notice of
applications for deregistration under
section 8(f) of the Investment Company
Act of 1940 for the month of May, 2005.
A copy of each application may be
obtained for a fee at the SEC’s Public
Reference Branch (tel. 202–551–5850).
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 June 22, 2005, 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
PO 00000
Frm 00112
Fmt 4703
Sfmt 4703
SUMMARY: Each applicant seeks an order
declaring that it has ceased to be an
investment company. On October 1,
2004, each applicant made a liquidating
distribution to its shareholders, based
on net asset value. Applicants incurred
no expenses in connection with the
liquidations.
FILING DATE: The applications were filed
on May 12, 2005.
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Federal Register / Vol. 70, No. 106 / Friday, June 3, 2005 / Notices
The Eaton Vance
Building, 255 State St., Boston, MA
02109.
Alabama Municipals Portfolio [File No.
811–7174]
Georgia Municipals Portfolio [File No.
811–7184]
Kentucky Municipals Portfolio [File No.
811–7186]
Maryland Municipals Portfolio [File No.
811–7188]
Missouri Municipals Portfolio [File No.
811–7196]
North Carolina Municipals Portfolio
[File No. 811–7202]
Oregon Municipals Portfolio [File No.
811–7206]
Tennessee Municipals Portfolio [File
No. 811–7210]
Virginia Municipals Portfolio [File No.
811–7214]
Arkansas Municipals Portfolio [File No.
811–8204]
South Carolina Municipals Portfolio
[File No. 811–8206]
Louisiana Municipals Portfolio [File No.
811–8208]
APPLICANTS’ ADDRESS:
SUMMARY: Each applicant seeks an order
declaring that it has ceased to be an
investment company. On September 24,
2004, each applicant made a liquidating
distribution to its shareholders, based
on net asset value. Applicants incurred
no expenses in connection with the
liquidations.
FILING DATE: The applications were filed
on May 12, 2005.
APPLICANTS’ ADDRESS: The Eaton Vance
Building, 255 State St., Boston, MA
02109.
State Street Research Institutional
Funds [File No. 811–9247]
SUMMARY: Applicant seeks an order
declaring that it has ceased to be an
investment company. By January 10,
2005, each of applicant’s series had
made a final liquidating distribution to
its shareholders, based on net asset
value. Expenses of $15,100 incurred in
connection with the liquidation were
paid by State Street Research &
Management Company, applicant’s
investment adviser.
FILING DATES: The application was filed
on April 14, 2005, and amended on May
20, 2005.
APPLICANT’S ADDRESS: One Financial
Center, Boston, MA 02111.
State Street Research Master Investment
Trust [File No. 811–84]
State Street Research Capital Trust [File
No. 811–3838]
State Street Research Exchange Trust
[File No. 811–4256]
State Street Research Money Market
Trust [File No. 811–4295]
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State Street Research Income Trust [File
No. 811–4559]
State Street Research Equity Trust [File
No. 811–4624]
State Street Research Financial Trust
[File No. 811–4911]
State Street Research Securities Trust
[File No. 811–8322]
SUMMARY: Each applicant seeks an order
declaring that it has ceased to be an
investment company. On January 28,
2005, each applicant transferred its
assets to a corresponding series of
BlackRock Funds, based on net asset
value. Expenses of $46,400, $132,100,
$42,900, $46,400, $92,700, $135,600,
$89,200 and $89,200, respectively,
incurred in connection with the
reorganizations were paid by SSRM
Holdings, Inc., the parent of applicants’
investment adviser, and BlackRock, Inc.,
the parent of the acquiring funds’
investment adviser.
FILING DATES: The applications were
filed on April 14, 2005, and amended on
May 20, 2005.
APPLICANTS’ ADDRESS: One Financial
Center, Boston, MA 02111.
First Investors U.S. Government Plus
Fund [File No. 811–4181]
SUMMARY: Applicant seeks an order
declaring that it has ceased to be an
investment company. By December 31,
2004, each of applicant’s three series
had made a final liquidating
distribution to its shareholders, based
on net asset value. Applicant incurred
no expenses in connection with the
liquidation.
FILING DATE: The application was filed
on April 20, 2005.
APPLICANT’S ADDRESS: 95 Wall St., New
York, NY 10005.
High Yield Municipals Portfolio [File
No. 811–7289]
Hawaii Municipals Portfolio [File No.
811–8144]
Florida Insured Municipals Portfolio
[File No. 811–8146]
Kansas Municipals Portfolio [File No.
811–8152]
SUMMARY: Each applicant seeks an order
declaring that it has ceased to be an
investment company. On September 10,
2004, each applicant made a liquidating
distribution to its shareholders, based
on net asset value. Applicants incurred
no expenses in connection with the
liquidations.
FILING DATE: The applications were filed
on April 21, 2005.
APPLICANTS’ ADDRESS: The Eaton Vance
Building, 255 State St., Boston, MA
02109.
Arizona Municipals Portfolio [File No.
811–7176]
PO 00000
Frm 00113
Fmt 4703
Sfmt 4703
Colorado Municipals Portfolio [File No.
811–7178]
Connecticut Municipals Portfolio [File
No. 811–7180]
Michigan Municipals Portfolio [File No.
811–7192]
Minnesota Municipals Portfolio [File
No. 811–7194]
New Jersey Municipals Portfolio [File
No. 811–7198]
Pennsylvania Municipals Portfolio [File
No. 811–7208]
SUMMARY: Each applicant seeks an order
declaring that it has ceased to be an
investment company. On September 17,
2004, each applicant made a liquidating
distribution to its shareholders, based
on net asset value. Applicants incurred
no expenses in connection with the
liquidations.
FILING DATE: The applications were filed
on April 21, 2005.
APPLICANTS’ ADDRESS: The Eaton Vance
Building, 255 State St., Boston, MA
02109.
Putnam Municipal Income Fund [File
No. 811–5763]
SUMMARY: Applicant seeks an order
declaring that it has ceased to be an
investment company. On March 21,
2005, applicant transferred its assets to
a series of Putnam Tax-Free Income
Trust, based on net asset value.
Expenses of approximately $177,010
incurred in connection with the
reorganization were paid by applicant,
the acquiring fund and Putnam
Investment Management, LLC,
applicant’s investment adviser.
FILING DATE: The application was filed
on May 11, 2005.
APPLICANT’S ADDRESS: One Post Office
Sq., Boston, MA 02109.
The Tax Exempt Bond Portfolio [File
No. 811–7848]
The New York Tax Exempt Bond
Portfolio [File No. 811–8462]
SUMMARY: Each applicant seeks an order
declaring that it has ceased to be an
investment company. On September 1,
2001, each applicant transferred its
assets to corresponding series of J.P.
Morgan Mutual Fund Select Trust,
based on net asset value. All expenses
incurred in connection with the
reorganizations were paid by J.P.
Morgan Chase & Co., applicants’
investment adviser.
FILING DATES: The applications were
filed on April 5, 2005, and amended on
May 11, 2005.
APPLICANTS’ ADDRESS: J.P. Morgan
Investment Management Inc., 522 Fifth
Ave., New York, NY 10036.
The Short Term Bond Portfolio [File No.
811–7844]
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Federal Register / Vol. 70, No. 106 / Friday, June 3, 2005 / Notices
The U.S. Fixed Income Portfolio [File
No. 811–7858]
The Diversified Portfolio [File No. 811–
7860]
The U.S. Equity Portfolio [File No. 811–
7880]
The U.S. Small Company Portfolio [File
No. 811–7882]
International Equity Portfolio [File No.
811–7884]
The Emerging Markets Equity Portfolio
[File No. 811–8102]
SUMMARY: Each applicant seeks an order
declaring that it has ceased to be an
investment company. On September 1,
2001, each applicant transferred its
assets to a corresponding series of J.P.
Morgan Institutional Funds, based on
net asset value. All expenses incurred in
connection with the reorganizations
were paid by J.P. Morgan Chase & Co.,
applicants’ investment adviser.
FILING DATES: The applications were
filed on April 5, 2005, and amended on
May 11, 2005.
APPLICANTS’ ADDRESS: J.P. Morgan
Investment Management Inc., 522 Fifth
Ave., New York, NY 10036.
The Federal Money Market Portfolio
[File No. 811–7406]
The Tax Exempt Money Market
Portfolio [File No. 811–7842]
The Prime Money Market Portfolio [File
No. 811–7898]
Each applicant seeks an order
declaring that it has ceased to be an
investment company. On September 1,
2001, each applicant transferred its
assets to a corresponding series of J.P.
Morgan Mutual Fund Trust, based on
net asset value. All expenses incurred in
connection with the reorganizations
were paid by J.P. Morgan Chase & Co.,
applicants’ investment adviser.
FILING DATES: The applications were
filed on April 5, 2005, and amended on
May 11, 2005.
APPLICANTS’ ADDRESS: J.P. Morgan
Investment Management Inc., 522 Fifth
Ave., New York, NY 10036.
Morgan Stanley Multi-State Municipal
Series Trust [File No. 811–6208]
Morgan Stanley Latin American Growth
Fund [File No. 811–6608]
Morgan Stanley Hawaii Municipal Trust
[File No. 811–7263]
SUMMARY:
SUMMARY: Each applicant seeks an order
declaring that it has ceased to be an
investment company. On August 20,
2004, October 22, 2004, and August 20,
2004, respectively, each applicant made
a liquidating distribution to its
shareholders, based on net asset value.
Expenses of $31,100, $39,300 and
$14,200, respectively, incurred in
connection with the liquidations were
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Jkt 205001
paid by Morgan Stanley Investment
Advisors Inc., applicants’ investment
adviser.
FILING DATES: The applications were
filed on March 14, 2005, and amended
on May 6, 2005.
APPLICANTS’ ADDRESS: 1221 Avenue of
the Americas, New York, NY 10020.
Fremont Mutual Funds, Inc. [File No.
811–5632]
SUMMARY: Applicant seeks an order
declaring that it has ceased to be an
investment company. On January 14,
2005, applicant transferred its assets to
corresponding series of Managers Trust
I and The Managers Funds, based on net
asset value. Expenses of approximately
$1,850,000 incurred in connection with
the reorganization were paid by
Fremont Investment Advisors, Inc.,
applicant’s investment adviser, and The
Managers Funds LLC, the acquiring
fund’s investment adviser.
FILING DATES: The application was filed
on April 12, 2005, and amended on May
4, 2005.
APPLICANT’S ADDRESS: 333 Market St.,
26th Floor, San Francisco, CA 94105.
Lake Forest Funds [File No. 811–8906]
SUMMARY: Applicant seeks an order
declaring that it has ceased to be an
investment company. On November 16,
2004, applicant’s Lake Forest Money
Market Fund made a liquidating
distribution to its shareholders, based
on net asset value. On November 22,
2004, applicant’s Lake Forest Core
Equity Fund transferred its assets to
Profit Fund Investment Trust, based on
net asset value. Expenses of $52,164
incurred in connection with the
liquidation and reorganization were
paid by applicant’s investment adviser,
Profit Investment Management.
FILING DATES: The application was filed
on March 7, 2005, and amended on
April 27, 2005.
APPLICANT’S ADDRESS: 8720 Georgia
Ave., Suite 808, Silver Spring, MD
20910.
The Great Hall Unit Investment Trusts
Series [File No. 811–7894]
SUMMARY: Applicant, a unit investment
trust, seeks an order declaring that it has
ceased to be an investment company.
On April 6, 1999, applicant made a final
liquidating distribution to its
unitholders, based on net asset value.
Applicant incurred no expenses in
connection with the liquidation.
FILING DATES: The application was filed
on March 14, 2005, and amended on
May 6, 2005.
APPLICANT’S ADDRESS: First Trust
Portfolios, L.P., 1001 Warrenville Rd.,
Suite 300, Lisle, IL 60532.
PO 00000
Frm 00114
Fmt 4703
Sfmt 4703
32677
Expedition Funds [File No. 811–5900]
SUMMARY: Applicant seeks an order
declaring that it has ceased to be an
investment company. On February 25,
2005, applicant transferred its assets to
corresponding series of Goldman Sachs
Trust, based on net asset value.
Expenses of $269,039 incurred in
connection with the reorganization were
paid by Compass Asset Management,
applicant’s investment adviser, and
Goldman Sachs Asset Management,
L.P., investment adviser to the acquiring
fund.
FILING DATES: The application was filed
on April 8, 2005, and amended on May
13, 2005.
APPLICANT’S ADDRESS: 101 Federal St.,
Boston, MA 02110.
For the Commission, by the Division of
Investment Management, pursuant to
delegated authority.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. E5–2861 Filed 6–2–05; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
Sunshine Act Meeting
Notice is hereby given, pursuant to
the provisions of the Government in the
Sunshine Act, Pub. L. 94–409, that the
Securities and Exchange Commission
will hold the following meeting during
the week of June 6, 2005:
A Closed Meeting will be held on
Monday, June 6, 2005 at 2 p.m.
Commissioners, Counsel to the
Commissioners, the Secretary to the
Commission, and recording secretaries
will attend the Closed Meeting. Certain
staff members who have an interest in
the matters may also be present.
The General Counsel of the
Commission, or his designee, has
certified that, in his opinion, one or
more of the exemptions set forth in 5
U.S.C. 552b(c)(3), (4), (5), (7), (9)(B), and
(10) and 17 CFR 200.402(a)(3), (4), (5),
(7), 9(ii) and (10), permit consideration
of the scheduled matters at the Closed
Meeting.
Commissioner Glassman, as duty
officer, voted to consider the items
listed for the closed meeting in closed
session and that no earlier notice thereof
was possible.
The subject matter of the Closed
Meeting scheduled for Monday, June 6,
2005, will be:
Formal orders of investigations;
Institution and settlement of
injunctive actions;
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]]>Agencies
[Federal Register Volume 70, Number 106 (Friday, June 3, 2005)]
[Notices]
[Pages 32675-32677]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E5-2861]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. IC-26904]
Notice of Applications for Deregistration Under Section 8(f) of
the Investment Company Act of 1940
May 27, 2005.
The following is a notice of applications for deregistration under
section 8(f) of the Investment Company Act of 1940 for the month of
May, 2005. A copy of each application may be obtained for a fee at the
SEC's Public Reference Branch (tel. 202-551-5850). 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 June 22, 2005,
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, DC 20549-0609. For
Further Information Contact: Diane L. Titus at (202) 551-6810, SEC,
Division of Investment Management, Office of Investment Company
Regulation, 450 Fifth Street, NW., Washington, DC 20549-0504.
California Limited Maturity Municipals Portfolio [File No. 811-7218]
Florida Limited Maturity Municipals Portfolio [File No. 811-7220]
Massachusetts Limited Maturity Municipals Portfolio [File No. 811-7222]
National Limited Maturity Municipals Portfolio [File No. 811-7224]
New Jersey Limited Maturity Municipals Portfolio [File No. 811-7226]
New York Limited Maturity Municipals Portfolio [File No. 811-7228]
Pennsylvania Limited Maturity Municipals Portfolio [File No. 811-7230]
Ohio Limited Maturity Municipals Portfolio [File No. 811-7520]
Summary: Each applicant seeks an order declaring that it has ceased to
be an investment company. On October 8, 2004, each applicant made a
liquidating distribution to its shareholders, based on net asset value.
Applicants incurred no expenses in connection with the liquidations.
Filing Date: The applications were filed on May 12, 2005.
Applicants' Address: The Eaton Vance Building, 255 State St., Boston,
MA 02109.
National Municipals Portfolio [File No. 811-7172]
Florida Municipals Portfolio [File No. 811-7182]
Massachusetts Municipals Portfolio [File No. 811-7190]
New York Municipals Portfolio [File No. 811-7200]
Ohio Municipals Portfolio [File No. 811-7204]
California Municipals Portfolio [File No. 811-7216]
Mississippi Municipals Portfolio [File No. 811-7646]
West Virginia Municipals Portfolio [File No. 811-7648]
Rhode Island Municipals Portfolio [File No. 811-7650]
Summary: Each applicant seeks an order declaring that it has ceased to
be an investment company. On October 1, 2004, each applicant made a
liquidating distribution to its shareholders, based on net asset value.
Applicants incurred no expenses in connection with the liquidations.
Filing Date: The applications were filed on May 12, 2005.
[[Page 32676]]
Applicants' Address: The Eaton Vance Building, 255 State St., Boston,
MA 02109.
Alabama Municipals Portfolio [File No. 811-7174]
Georgia Municipals Portfolio [File No. 811-7184]
Kentucky Municipals Portfolio [File No. 811-7186]
Maryland Municipals Portfolio [File No. 811-7188]
Missouri Municipals Portfolio [File No. 811-7196]
North Carolina Municipals Portfolio [File No. 811-7202]
Oregon Municipals Portfolio [File No. 811-7206]
Tennessee Municipals Portfolio [File No. 811-7210]
Virginia Municipals Portfolio [File No. 811-7214]
Arkansas Municipals Portfolio [File No. 811-8204]
South Carolina Municipals Portfolio [File No. 811-8206]
Louisiana Municipals Portfolio [File No. 811-8208]
Summary: Each applicant seeks an order declaring that it has ceased to
be an investment company. On September 24, 2004, each applicant made a
liquidating distribution to its shareholders, based on net asset value.
Applicants incurred no expenses in connection with the liquidations.
Filing Date: The applications were filed on May 12, 2005.
Applicants' Address: The Eaton Vance Building, 255 State St., Boston,
MA 02109.
State Street Research Institutional Funds [File No. 811-9247]
Summary: Applicant seeks an order declaring that it has ceased to be an
investment company. By January 10, 2005, each of applicant's series had
made a final liquidating distribution to its shareholders, based on net
asset value. Expenses of $15,100 incurred in connection with the
liquidation were paid by State Street Research & Management Company,
applicant's investment adviser.
Filing Dates: The application was filed on April 14, 2005, and amended
on May 20, 2005.
Applicant's Address: One Financial Center, Boston, MA 02111.
State Street Research Master Investment Trust [File No. 811-84]
State Street Research Capital Trust [File No. 811-3838]
State Street Research Exchange Trust [File No. 811-4256]
State Street Research Money Market Trust [File No. 811-4295]
State Street Research Income Trust [File No. 811-4559]
State Street Research Equity Trust [File No. 811-4624]
State Street Research Financial Trust [File No. 811-4911]
State Street Research Securities Trust [File No. 811-8322]
Summary: Each applicant seeks an order declaring that it has ceased to
be an investment company. On January 28, 2005, each applicant
transferred its assets to a corresponding series of BlackRock Funds,
based on net asset value. Expenses of $46,400, $132,100, $42,900,
$46,400, $92,700, $135,600, $89,200 and $89,200, respectively, incurred
in connection with the reorganizations were paid by SSRM Holdings,
Inc., the parent of applicants' investment adviser, and BlackRock,
Inc., the parent of the acquiring funds' investment adviser.
Filing Dates: The applications were filed on April 14, 2005, and
amended on May 20, 2005.
Applicants' Address: One Financial Center, Boston, MA 02111.
First Investors U.S. Government Plus Fund [File No. 811-4181]
Summary: Applicant seeks an order declaring that it has ceased to be an
investment company. By December 31, 2004, each of applicant's three
series had made a final liquidating distribution to its shareholders,
based on net asset value. Applicant incurred no expenses in connection
with the liquidation.
Filing Date: The application was filed on April 20, 2005.
Applicant's Address: 95 Wall St., New York, NY 10005.
High Yield Municipals Portfolio [File No. 811-7289]
Hawaii Municipals Portfolio [File No. 811-8144]
Florida Insured Municipals Portfolio [File No. 811-8146]
Kansas Municipals Portfolio [File No. 811-8152]
Summary: Each applicant seeks an order declaring that it has ceased to
be an investment company. On September 10, 2004, each applicant made a
liquidating distribution to its shareholders, based on net asset value.
Applicants incurred no expenses in connection with the liquidations.
Filing Date: The applications were filed on April 21, 2005.
Applicants' Address: The Eaton Vance Building, 255 State St., Boston,
MA 02109.
Arizona Municipals Portfolio [File No. 811-7176]
Colorado Municipals Portfolio [File No. 811-7178]
Connecticut Municipals Portfolio [File No. 811-7180]
Michigan Municipals Portfolio [File No. 811-7192]
Minnesota Municipals Portfolio [File No. 811-7194]
New Jersey Municipals Portfolio [File No. 811-7198]
Pennsylvania Municipals Portfolio [File No. 811-7208]
Summary: Each applicant seeks an order declaring that it has ceased to
be an investment company. On September 17, 2004, each applicant made a
liquidating distribution to its shareholders, based on net asset value.
Applicants incurred no expenses in connection with the liquidations.
Filing Date: The applications were filed on April 21, 2005.
Applicants' Address: The Eaton Vance Building, 255 State St., Boston,
MA 02109.
Putnam Municipal Income Fund [File No. 811-5763]
Summary: Applicant seeks an order declaring that it has ceased to be an
investment company. On March 21, 2005, applicant transferred its assets
to a series of Putnam Tax-Free Income Trust, based on net asset value.
Expenses of approximately $177,010 incurred in connection with the
reorganization were paid by applicant, the acquiring fund and Putnam
Investment Management, LLC, applicant's investment adviser.
Filing Date: The application was filed on May 11, 2005.
Applicant's Address: One Post Office Sq., Boston, MA 02109.
The Tax Exempt Bond Portfolio [File No. 811-7848]
The New York Tax Exempt Bond Portfolio [File No. 811-8462]
Summary: Each applicant seeks an order declaring that it has ceased to
be an investment company. On September 1, 2001, each applicant
transferred its assets to corresponding series of J.P. Morgan Mutual
Fund Select Trust, based on net asset value. All expenses incurred in
connection with the reorganizations were paid by J.P. Morgan Chase &
Co., applicants' investment adviser.
Filing Dates: The applications were filed on April 5, 2005, and amended
on May 11, 2005.
Applicants' Address: J.P. Morgan Investment Management Inc., 522 Fifth
Ave., New York, NY 10036.
The Short Term Bond Portfolio [File No. 811-7844]
[[Page 32677]]
The U.S. Fixed Income Portfolio [File No. 811-7858]
The Diversified Portfolio [File No. 811-7860]
The U.S. Equity Portfolio [File No. 811-7880]
The U.S. Small Company Portfolio [File No. 811-7882]
International Equity Portfolio [File No. 811-7884]
The Emerging Markets Equity Portfolio [File No. 811-8102]
Summary: Each applicant seeks an order declaring that it has ceased to
be an investment company. On September 1, 2001, each applicant
transferred its assets to a corresponding series of J.P. Morgan
Institutional Funds, based on net asset value. All expenses incurred in
connection with the reorganizations were paid by J.P. Morgan Chase &
Co., applicants' investment adviser.
Filing Dates: The applications were filed on April 5, 2005, and amended
on May 11, 2005.
Applicants' Address: J.P. Morgan Investment Management Inc., 522 Fifth
Ave., New York, NY 10036.
The Federal Money Market Portfolio [File No. 811-7406]
The Tax Exempt Money Market Portfolio [File No. 811-7842]
The Prime Money Market Portfolio [File No. 811-7898]
Summary: Each applicant seeks an order declaring that it has ceased to
be an investment company. On September 1, 2001, each applicant
transferred its assets to a corresponding series of J.P. Morgan Mutual
Fund Trust, based on net asset value. All expenses incurred in
connection with the reorganizations were paid by J.P. Morgan Chase &
Co., applicants' investment adviser.
Filing Dates: The applications were filed on April 5, 2005, and amended
on May 11, 2005.
Applicants' Address: J.P. Morgan Investment Management Inc., 522 Fifth
Ave., New York, NY 10036.
Morgan Stanley Multi-State Municipal Series Trust [File No. 811-6208]
Morgan Stanley Latin American Growth Fund [File No. 811-6608]
Morgan Stanley Hawaii Municipal Trust [File No. 811-7263]
Summary: Each applicant seeks an order declaring that it has ceased to
be an investment company. On August 20, 2004, October 22, 2004, and
August 20, 2004, respectively, each applicant made a liquidating
distribution to its shareholders, based on net asset value. Expenses of
$31,100, $39,300 and $14,200, respectively, incurred in connection with
the liquidations were paid by Morgan Stanley Investment Advisors Inc.,
applicants' investment adviser.
Filing Dates: The applications were filed on March 14, 2005, and
amended on May 6, 2005.
Applicants' Address: 1221 Avenue of the Americas, New York, NY 10020.
Fremont Mutual Funds, Inc. [File No. 811-5632]
Summary: Applicant seeks an order declaring that it has ceased to be an
investment company. On January 14, 2005, applicant transferred its
assets to corresponding series of Managers Trust I and The Managers
Funds, based on net asset value. Expenses of approximately $1,850,000
incurred in connection with the reorganization were paid by Fremont
Investment Advisors, Inc., applicant's investment adviser, and The
Managers Funds LLC, the acquiring fund's investment adviser.
Filing Dates: The application was filed on April 12, 2005, and amended
on May 4, 2005.
Applicant's Address: 333 Market St., 26th Floor, San Francisco, CA
94105.
Lake Forest Funds [File No. 811-8906]
Summary: Applicant seeks an order declaring that it has ceased to be an
investment company. On November 16, 2004, applicant's Lake Forest Money
Market Fund made a liquidating distribution to its shareholders, based
on net asset value. On November 22, 2004, applicant's Lake Forest Core
Equity Fund transferred its assets to Profit Fund Investment Trust,
based on net asset value. Expenses of $52,164 incurred in connection
with the liquidation and reorganization were paid by applicant's
investment adviser, Profit Investment Management.
Filing Dates: The application was filed on March 7, 2005, and amended
on April 27, 2005.
Applicant's Address: 8720 Georgia Ave., Suite 808, Silver Spring, MD
20910.
The Great Hall Unit Investment Trusts Series [File No. 811-7894]
Summary: Applicant, a unit investment trust, seeks an order declaring
that it has ceased to be an investment company. On April 6, 1999,
applicant made a final liquidating distribution to its unitholders,
based on net asset value. Applicant incurred no expenses in connection
with the liquidation.
Filing Dates: The application was filed on March 14, 2005, and amended
on May 6, 2005.
Applicant's Address: First Trust Portfolios, L.P., 1001 Warrenville
Rd., Suite 300, Lisle, IL 60532.
Expedition Funds [File No. 811-5900]
Summary: Applicant seeks an order declaring that it has ceased to be an
investment company. On February 25, 2005, applicant transferred its
assets to corresponding series of Goldman Sachs Trust, based on net
asset value. Expenses of $269,039 incurred in connection with the
reorganization were paid by Compass Asset Management, applicant's
investment adviser, and Goldman Sachs Asset Management, L.P.,
investment adviser to the acquiring fund.
Filing Dates: The application was filed on April 8, 2005, and amended
on May 13, 2005.
Applicant's Address: 101 Federal St., Boston, MA 02110.
For the Commission, by the Division of Investment Management,
pursuant to delegated authority.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. E5-2861 Filed 6-2-05; 8:45 am]
BILLING CODE 8010-01-P
