Notice of Applications for Deregistration under Section 8(f) of the Investment Company Act of 1940, 36738-36740 [E7-12944]
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sroberts on PROD1PC70 with NOTICES
36738
Federal Register / Vol. 72, No. 128 / Thursday, July 5, 2007 / Notices
‘‘Mergers of affiliated companies.’’ Rule
17a–8 exempts certain mergers and
similar business combinations
(‘‘mergers’’) of affiliated registered
investment companies (‘‘funds’’) from
prohibitions under section 17(a) of the
Act (15 U.S.C. 80a–17(a)) on purchases
and sales between a fund and its
affiliates. The rule requires fund
directors to consider certain issues and
to record their findings in board
minutes. The rule requires the directors
of any fund merging with an
unregistered entity to approve
procedures for the valuation of assets
received from that entity. These
procedures must provide for the
preparation of a report by an
independent evaluator that sets forth the
fair value of each such asset for which
market quotations are not readily
available. The rule also requires a fund
being acquired to obtain approval of the
merger transaction by a majority of its
outstanding voting securities, except in
certain situations, and requires any
surviving fund to preserve written
records describing the merger and its
terms for six years after the merger (the
first two in an easily accessible place).
The average annual burden of meeting
the requirements of rule 17a–8 is
estimated to be 7 hours for each fund.
The Commission staff estimates that
each year approximately 920 funds rely
on the rule. The estimated total average
annual burden for all respondents
therefore is 6,440 hours.
This estimate represents an increase
of 2,240 hours from the prior estimate
of 4,200 hours. The increase results
from an increase in the estimated
number of mergers of affiliated funds
and fund portfolios.
The average cost burden of preparing
a report by an independent evaluator in
a merger with an unregistered entity is
estimated to be $15,000. The average net
cost burden of obtaining approval of a
merger transaction by a majority of a
fund’s outstanding voting securities is
estimated to be $75,000. The
Commission staff estimates that each
year approximately 15 mergers with
unregistered entities occur and
approximately 22 funds hold
shareholder votes that would not
otherwise have held a shareholder vote
to comply with state law. The total
annual cost burden of meeting these
requirements is estimated to be
$1,875,000.
The estimates of average burden hours
and average cost burdens are made
solely for the purposes of the Paperwork
Reduction Act, and are not derived from
a comprehensive or even a
representative survey or study. An
agency may not conduct or sponsor, and
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a person is not required to respond to,
a collection of information unless it
displays a currently valid OMB control
number.
Written comments are requested on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
Commission, including whether the
information has practical utility; (b) the
accuracy of the Commission’s estimate
of the burdens of the collection of
information; (c) ways to enhance the
quality, utility, and clarity of the
information collected; and (d) ways to
minimize the burden of the collection of
information on respondents, including
through the use of automated collection
techniques or other forms of information
technology. Consideration will be given
to comments and suggestions submitted
in writing within 60 days of this
publication.
Please direct your written comments
to R. Corey Booth, Director/Chief
Information Officer, Securities and
Exchange Commission, C/O Shirley
Martinson, 6432 General Green Way,
Alexandria, VA 22312; or send an email
to: PRA_Mailbox@sec.gov.
Dated: June 26, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–12939 Filed 7–3–07; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. IC–27876]
Notice of Applications for
Deregistration under Section 8(f) of the
Investment Company Act of 1940
June 28, 2007.
The following is a notice of
applications for deregistration under
section 8(f) of the Investment Company
Act of 1940 for the month of June 2007.
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 July 23, 2007, 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
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request, and the issues contested.
Persons who wish to be notified of a
hearing may request notification by
writing to the Secretary, U.S. Securities
and Exchange Commission, 100 F
Street, NE.,Washington, DC 20549–
1090.
FOR FURTHER INFORMATION CONTACT:
Diane L. Titus at (202) 551–6810, SEC,
Division of Investment Management,
Office of Investment Company
Regulation, 100 F Street, NE.,
Washington, DC 20549–4041.
Boyle Fund [File No. 811–8501]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On May 31, 2007,
applicant made its final liquidating
distribution to its shareholders, based
on net asset value. Applicant incurred
no expenses in connection with the
liquidation.
Filing Dates: The application was
filed on June 6, 2007, and amended on
June 25, 2007.
Applicant’s Address: 1401 Woodsong
Dr., Hendersonville, NC 28791.
GAM Avalon Multi-Strategy (TEI), LLC
[File No. 811–21026]
GAM Institutional Multi-Strategy, LLC
[File No. 811–21027]
GAM Multi-Strategy Investments, LLC
[File No. 811–21736]
Summary: Eaach applicant, a closedend investment company, seeks an
order declaring that it has ceased to be
an investment company. Applicants
have never made a public offering of
their securities and do not propose to
make a public offering or engage in
business of any kind.
Filing Dates: The applications were
filed on June 11, 2007, and amended on
June 25, 2007.
Applicants’ Address: 330 Madison
Ave., New York, NY 10017.
Evergreen Income & Growth Fund [File
No. 811–2829]
Evergreen Growth & Income Fund [File
No. 811–4715]
Summary: Each applicant seeks an
order declaring that it has ceased to be
an investment company. On December
22, 1997, each applicant transferred its
assets to corresponding series of
Evergreen Equity Trust, based on net
asset value. Expenses incurred in
connection with the reorganizations
were paid by applicants.
Filing Dates: The applications were
filed on June 11, 2007, and Evergreen
Growth & Income Fund (File No. 811–
4715) filed an amendment on June 20,
2007.
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Federal Register / Vol. 72, No. 128 / Thursday, July 5, 2007 / Notices
Applicants’ Address: 200 Berkeley St.,
Boston, MA 02116.
TIAA–CREF Mutual Funds [File No.
811–8055]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On April 18,
2007, applicant transferred its assets to
TIAA–CREF Institutional Mutual Funds,
based on net asset value. Expenses of
approximately $1,837,497 incurred in
connection with the reorganization were
paid by Teachers Advisors, Inc.,
applicant’s investment adviser.
Filing Date: The application was filed
on May 30, 2007.
Applicant’s Address: 730 Third Ave.,
New York, NY 10017–3206.
GAM Avalon Lancelot, LLC [File No.
811–10245]
Summary: Applicant, a closed-end
investment company, seeks an order
declaring that it has ceased to be an
investment company. On May 31, 2007,
applicant made a final liquidating
distribution to its shareholders, based
on net asset value. Applicant incurred
no expenses in connection with the
liquidation. Applicant’s custodian,
PFPC, Inc., is holding a cash reserve of
$228,525 to pay certain outstanding
accrued expenses.
Filing Date: The application was filed
on June 7, 2007.
Applicant’s Address: 330 Madison
Ave., New York, NY 10017.
The Primary Income Funds, Inc. [File
No. 811–5831]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On May 31, 2007,
applicant made a liquidating
distribution to its shareholders, based
on net asset value. Expenses of $7,500
incurred in connection with the
liquidation were paid by Arnold
Investment Counsel Incorporated,
applicant’s investment adviser.
Filing Date: The application was filed
on June 6, 2007.
Applicant’s Address: 700 North Water
St., Milwaukee, WI 53202.
sroberts on PROD1PC70 with NOTICES
BlackRock Global Value Fund, Inc.
[File No. 811–7561]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On April 30,
2007, applicant transferred its assets to
BlackRock Global Dynamic Equity
Fund, based on net asset value.
Expenses of $389,590 incurred in
connection with the reorganization were
paid by BlackRock, Inc., the parent
company of applicant’s investment
adviser.
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Filing Date: The application was filed
on June 14, 2007.
Applicant’s Address: BlackRock, Inc.,
800 Scudders Mill Rd., Plainsboro, NJ
08536.
Curan Fund, LLC [File No. 811–21091]
Summary: Applicant, a closed-end
investment company, seeks an order
declaring that it has ceased to be an
investment company. On December 31,
2006, applicant made a liquidating
distribution to its shareholders, based
on net asset value. Expenses of
approximately $3,333 incurred in
connection with the liquidation were
paid by Prospero Capital Management,
LLC, investment adviser to applicant.
Filing Dates: The application was
filed on April 20, 2007, and amended on
May 23, 2007.
Applicant’s Address: c/o Prospero
Capital Management, LLC, Wall Street
Plaza, 88 Pine St., 31st Floor, New York,
NY 10005.
Morgan Stanley Total Return Trust
[File No. 811–8600]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On October 23,
2006, applicant transferred its assets to
Morgan Stanley Strategic Fund, based
on net asset value. Expenses of
approximately $280,500 incurred in
connection with the reorganization were
paid by Morgan Stanley Investment
Advisors Inc., applicant’s investment
adviser.
Filing Dates: The application was
filed on May 24, 2007, and amended on
June 20, 2007.
Applicant’s Address: Morgan Stanley
Investment Advisors Inc., 1221 Avenue
of the Americas, New York, NY 10020.
The Catholic Funds, Inc. [File No. 811–
9177]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On March 30,
2007, applicant transferred its assets to
Schwartz Investment Trust, based on
net asset value. Expenses of $149,111
incurred in connection with the
reorganization were paid by Catholic
Financial Services, applicant’s
investment adviser, and Schwartz
Investment Counsel, Inc., investment
adviser for the acquiring fund.
Filing Dates: The application was
filed on May 16, 2007, and amended on
June 14, 2007.
Applicant’s Address: 1100 West Wells
St., Milwaukee, WI 53233.
Morgan Stanley Institutional Fund of
Hedge Funds II LP [File No. 811–21768]
Summary: Applicant, a closed-end
investment company, seeks an order
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36739
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
a public offering or engage in business
of any kind.
Filing Dates: The application was
filed on April 24, 2007, and amended on
May 30, 2007.
Applicant’s Address: c/o Morgan
Stanley Alternative Investment Partners,
One Tower Bridge, 100 Front St., Suite
1100, West Conshohocken, PA 19428.
Pioneer Emerging Growth Fund [File
No. 811–21105]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On September 29,
2004, applicant made a liquidating
distribution to its shareholders, based
on net asset value. Expenses of $1,000
incurred in connection with the
liquidation were paid by Pioneer
Investment Management, Inc.,
applicant’s investment adviser.
Filing Dates: The application was
filed on March 5, 2007, and amended on
May 30, 2007.
Applicant’s Address: 60 State St.,
Boston, MA 02109.
MBIA Capital First Trust Relative
Value Municipal Fund [File No. 811–
21572]
First Trust/Pequot Energy Income Fund
[File No. 811–21688]
Summary: Each applicant, a closedend investment company, seeks an
order declaring that it has ceased to be
an investment company. Applicants
have never made a public offering of
their securities and do not propose to
make a public offering or engage in
business of any kind.
Filing Dates: The applications were
filed on March 16, 2006, and amended
on May 22, 2007.
Applicants’ Address: First Trust
Advisors, L.P., 1001 Warrenville Rd.,
Suite 300, Lisle, IL 60532.
Jefferson National Life Annuity
Account M [File No. 811–21513]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. Applicant
requests deregistration based on
abandonment of registration. Applicant
did not commence operations and is not
now engaged, or intending to engage, in
any business activities other than those
necessary for winding up its affairs.
Filing Date: The application was filed
on May 25, 2007.
Applicant’s Address: 9920 Corporate
Campus Drive, Suite 1000, Louisville,
KY 40223.
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Federal Register / Vol. 72, No. 128 / Thursday, July 5, 2007 / Notices
Jefferson National Life Annuity
Account N [File No. 811–21514]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. Applicant
requests deregistration based on
abandonment of registration. Applicant
did not commence operations and is not
now engaged, or intending to engage, in
any business activities other than those
necessary for winding up its affairs.
Filing Date: The application was filed
on May 25, 2007.
Applicant’s Address: 9920 Corporate
Campus Drive, Suite 1000, Louisville,
KY 40223.
Jefferson National Life Annuity
Account O [File No. 811–21512]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. Applicant
requests deregistration based on
abandonment of registration. Applicant
did not commence operations and is not
now engaged, or intending to engage, in
any business activities other than those
necessary for winding up its affairs.
Filing Date: The application was filed
on May 25, 2007.
Applicant’s Address: 9920 Corporate
Campus Drive, Suite 1000, Louisville,
KY 40223.
For the Commission, by the Division of
Investment Management, pursuant to
delegated authority.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–12944 Filed 7–3–07; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Investment Company Act Release No.
27877; 812–13399]
RealNetworks, Inc.; Notice of
Application
June 28, 2007.
Securities and Exchange
Commission (‘‘Commission’’).
ACTION: Notice of application under
section 3(b)(2) of the Investment
Company Act of 1940 (the ‘‘Act’’).
sroberts on PROD1PC70 with NOTICES
AGENCY:
Summary of Application:
RealNetworks, Inc. (‘‘RealNetworks’’)
seeks an order under section 3(b)(2) of
the Act declaring it to be primarily
engaged in a business other than that of
investing, reinvesting, owning, holding
or trading in securities. RealNetworks,
directly and through its wholly-owned
subsidiaries, creates digital media
services and software.
Filing Date: The application was filed
on June 22, 2007.
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Hearing or Notification of Hearing: An
order granting the requested relief will
be issued unless the Commission orders
a hearing. Interested persons may
request a hearing by writing to the
Commission’s Secretary and serving
applicants with a copy of the request,
personally or by mail. Hearing requests
should be received by the Commission
by 5:30 p.m. on July 23, 2007, and
should be accompanied by proof of
service on applicants, 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
Commission’s Secretary.
ADDRESSES: Secretary, Securities and
Exchange Commission, 100 F Street,
NE., Washington, DC 20549–9303.
Applicant, 2601 Elliott Avenue, Suite
1000, Seattle, Washington 98121.
FOR FURTHER INFORMATION CONTACT: Jaea
F. Hahn, Senior Counsel, at (202) 551–
6870, or Nadya B. Roytblat, Assistant
Director, at (202) 551–6821 (Division of
Investment Management, Office of
Investment Company Regulation).
SUPPLEMENTARY INFORMATION: The
following is a summary of the
application. The complete application
may be obtained for a fee at the
Commission’s Public Reference Desk,
100 F Street, NE., Washington, DC
20549–0102 (tel. 202–551–5850).
Applicant’s Representations
1. RealNetworks, a Washington
corporation, is in the business of
creating digital media services and
software. Consumers use RealNetworks’
services and software to discover, play,
purchase and manage digital content,
including music, games and video.
Broadcasters, cable and wireless
communications companies, media
companies and enterprises use
RealNetworks’ products and services to
create, secure and deliver digital media
to personal computers, MP3 players,
mobile phones and other consumer
electronic devices and to provide
entertainment services to their
subscribers.
2. RealNetworks states that the market
for software and services for media
delivery over the Internet is relatively
new, constantly changing and intensely
competitive. RealNetworks states that it
requires substantial liquid capital to
fund operations, fund research and
development, license content and
technology for its subscription service
and software products, and fund
acquisitions. Because of the pace of
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technological change in the industry
sectors in which RealNetworks
competes, RealNetworks needs to use
cash to develop new products and fund
capital expenditures, enhance its
existing products and technology, and
make strategic acquisitions. In addition,
from time to time, RealNetworks also
makes non-controlling investments in
entities that complement or enhance
RealNetworks’ media delivery and
digital distribution business (‘‘Strategic
Investments’’). RealNetworks seeks to
preserve its capital and maintain
liquidity, pending the use of such
capital for its current and future
operations, by investing in short-term
investment grade and liquid fixed
income and money market investments
that earn competitive market returns
and provide a low level of credit risk
(‘‘Capital Preservation Investments’’).
RealNetworks’ board of directors
(‘‘Board’’) has approved a corporate
investment policy establishing limits
and guidelines governing its cash
management investments, consistent
with the goal of capital preservation
(‘‘Policy’’). RealNetworks states that it
does not invest in securities for shortterm speculative purposes.
Applicant’s Legal Analysis
1. RealNetworks seeks an order under
section 3(b)(2) of the Act declaring that
it is primarily engaged in a business
other than that of investing, reinvesting,
owning, holding or trading in securities,
and therefore not an investment
company as defined in the Act.
2. Under section 3(a)(1)(C) of the Act,
an issuer is an investment company if
it is engaged or proposes to engage in
the business of investing, reinvesting,
owning, holding, or trading in
securities, and owns or proposes to
acquire investment securities having a
value in excess of 40 percent of the
value of the issuer’s total assets
(exclusive of Government securities and
cash items) on an unconsolidated basis.
Section 3(a)(2) of the Act defines
‘‘investment securities’’ to include all
securities except Government securities,
securities issued by employees’
securities companies, and securities
issued by majority-owned subsidiaries
of the owner which (a) are not
investment companies, and (b) are not
relying on the exclusions from the
definition of investment company in
section 3(c)(1) or 3(c)(7) of the Act.
RealNetworks states that as of December
31, 2006, approximately 18% of its total
assets (exclusive of Government
securities and cash items), on an
unconsolidated basis, consisted of
investment securities as defined in
section 3(a)(2) of the Act.
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]]>Agencies
[Federal Register Volume 72, Number 128 (Thursday, July 5, 2007)]
[Notices]
[Pages 36738-36740]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-12944]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. IC-27876]
Notice of Applications for Deregistration under Section 8(f) of
the Investment Company Act of 1940
June 28, 2007.
The following is a notice of applications for deregistration under
section 8(f) of the Investment Company Act of 1940 for the month of
June 2007. 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 July 23, 2007,
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, U.S. Securities and Exchange Commission, 100 F Street,
NE.,Washington, DC 20549-1090.
FOR FURTHER INFORMATION CONTACT: Diane L. Titus at (202) 551-6810, SEC,
Division of Investment Management, Office of Investment Company
Regulation, 100 F Street, NE., Washington, DC 20549-4041.
Boyle Fund [File No. 811-8501]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On May 31, 2007, applicant made its final
liquidating distribution to its shareholders, based on net asset value.
Applicant incurred no expenses in connection with the liquidation.
Filing Dates: The application was filed on June 6, 2007, and
amended on June 25, 2007.
Applicant's Address: 1401 Woodsong Dr., Hendersonville, NC 28791.
GAM Avalon Multi-Strategy (TEI), LLC [File No. 811-21026]
GAM Institutional Multi-Strategy, LLC [File No. 811-21027]
GAM Multi-Strategy Investments, LLC [File No. 811-21736]
Summary: Eaach applicant, a closed-end investment company, seeks an
order declaring that it has ceased to be an investment company.
Applicants have never made a public offering of their securities and do
not propose to make a public offering or engage in business of any
kind.
Filing Dates: The applications were filed on June 11, 2007, and
amended on June 25, 2007.
Applicants' Address: 330 Madison Ave., New York, NY 10017.
Evergreen Income & Growth Fund [File No. 811-2829]
Evergreen Growth & Income Fund [File No. 811-4715]
Summary: Each applicant seeks an order declaring that it has ceased
to be an investment company. On December 22, 1997, each applicant
transferred its assets to corresponding series of Evergreen Equity
Trust, based on net asset value. Expenses incurred in connection with
the reorganizations were paid by applicants.
Filing Dates: The applications were filed on June 11, 2007, and
Evergreen Growth & Income Fund (File No. 811-4715) filed an amendment
on June 20, 2007.
[[Page 36739]]
Applicants' Address: 200 Berkeley St., Boston, MA 02116.
TIAA-CREF Mutual Funds [File No. 811-8055]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On April 18, 2007, applicant transferred its
assets to TIAA-CREF Institutional Mutual Funds, based on net asset
value. Expenses of approximately $1,837,497 incurred in connection with
the reorganization were paid by Teachers Advisors, Inc., applicant's
investment adviser.
Filing Date: The application was filed on May 30, 2007.
Applicant's Address: 730 Third Ave., New York, NY 10017-3206.
GAM Avalon Lancelot, LLC [File No. 811-10245]
Summary: Applicant, a closed-end investment company, seeks an order
declaring that it has ceased to be an investment company. On May 31,
2007, applicant made a final liquidating distribution to its
shareholders, based on net asset value. Applicant incurred no expenses
in connection with the liquidation. Applicant's custodian, PFPC, Inc.,
is holding a cash reserve of $228,525 to pay certain outstanding
accrued expenses.
Filing Date: The application was filed on June 7, 2007.
Applicant's Address: 330 Madison Ave., New York, NY 10017.
The Primary Income Funds, Inc. [File No. 811-5831]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On May 31, 2007, applicant made a liquidating
distribution to its shareholders, based on net asset value. Expenses of
$7,500 incurred in connection with the liquidation were paid by Arnold
Investment Counsel Incorporated, applicant's investment adviser.
Filing Date: The application was filed on June 6, 2007.
Applicant's Address: 700 North Water St., Milwaukee, WI 53202.
BlackRock Global Value Fund, Inc. [File No. 811-7561]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On April 30, 2007, applicant transferred its
assets to BlackRock Global Dynamic Equity Fund, based on net asset
value. Expenses of $389,590 incurred in connection with the
reorganization were paid by BlackRock, Inc., the parent company of
applicant's investment adviser.
Filing Date: The application was filed on June 14, 2007.
Applicant's Address: BlackRock, Inc., 800 Scudders Mill Rd.,
Plainsboro, NJ 08536.
Curan Fund, LLC [File No. 811-21091]
Summary: Applicant, a closed-end investment company, seeks an order
declaring that it has ceased to be an investment company. On December
31, 2006, applicant made a liquidating distribution to its
shareholders, based on net asset value. Expenses of approximately
$3,333 incurred in connection with the liquidation were paid by
Prospero Capital Management, LLC, investment adviser to applicant.
Filing Dates: The application was filed on April 20, 2007, and
amended on May 23, 2007.
Applicant's Address: c/o Prospero Capital Management, LLC, Wall
Street Plaza, 88 Pine St., 31st Floor, New York, NY 10005.
Morgan Stanley Total Return Trust [File No. 811-8600]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On October 23, 2006, applicant transferred
its assets to Morgan Stanley Strategic Fund, based on net asset value.
Expenses of approximately $280,500 incurred in connection with the
reorganization were paid by Morgan Stanley Investment Advisors Inc.,
applicant's investment adviser.
Filing Dates: The application was filed on May 24, 2007, and
amended on June 20, 2007.
Applicant's Address: Morgan Stanley Investment Advisors Inc., 1221
Avenue of the Americas, New York, NY 10020.
The Catholic Funds, Inc. [File No. 811-9177]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On March 30, 2007, applicant transferred its
assets to Schwartz Investment Trust, based on net asset value. Expenses
of $149,111 incurred in connection with the reorganization were paid by
Catholic Financial Services, applicant's investment adviser, and
Schwartz Investment Counsel, Inc., investment adviser for the acquiring
fund.
Filing Dates: The application was filed on May 16, 2007, and
amended on June 14, 2007.
Applicant's Address: 1100 West Wells St., Milwaukee, WI 53233.
Morgan Stanley Institutional Fund of Hedge Funds II LP [File No. 811-
21768]
Summary: Applicant, a closed-end investment company, 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 a public offering or engage in business of any kind.
Filing Dates: The application was filed on April 24, 2007, and
amended on May 30, 2007.
Applicant's Address: c/o Morgan Stanley Alternative Investment
Partners, One Tower Bridge, 100 Front St., Suite 1100, West
Conshohocken, PA 19428.
Pioneer Emerging Growth Fund [File No. 811-21105]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On September 29, 2004, applicant made a
liquidating distribution to its shareholders, based on net asset value.
Expenses of $1,000 incurred in connection with the liquidation were
paid by Pioneer Investment Management, Inc., applicant's investment
adviser.
Filing Dates: The application was filed on March 5, 2007, and
amended on May 30, 2007.
Applicant's Address: 60 State St., Boston, MA 02109.
MBIA Capital First Trust Relative Value Municipal Fund [File No. 811-
21572]
First Trust/Pequot Energy Income Fund [File No. 811-21688]
Summary: Each applicant, a closed-end investment company, seeks an
order declaring that it has ceased to be an investment company.
Applicants have never made a public offering of their securities and do
not propose to make a public offering or engage in business of any
kind.
Filing Dates: The applications were filed on March 16, 2006, and
amended on May 22, 2007.
Applicants' Address: First Trust Advisors, L.P., 1001 Warrenville
Rd., Suite 300, Lisle, IL 60532.
Jefferson National Life Annuity Account M [File No. 811-21513]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. Applicant requests deregistration based on
abandonment of registration. Applicant did not commence operations and
is not now engaged, or intending to engage, in any business activities
other than those necessary for winding up its affairs.
Filing Date: The application was filed on May 25, 2007.
Applicant's Address: 9920 Corporate Campus Drive, Suite 1000,
Louisville, KY 40223.
[[Page 36740]]
Jefferson National Life Annuity Account N [File No. 811-21514]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. Applicant requests deregistration based on
abandonment of registration. Applicant did not commence operations and
is not now engaged, or intending to engage, in any business activities
other than those necessary for winding up its affairs.
Filing Date: The application was filed on May 25, 2007.
Applicant's Address: 9920 Corporate Campus Drive, Suite 1000,
Louisville, KY 40223.
Jefferson National Life Annuity Account O [File No. 811-21512]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. Applicant requests deregistration based on
abandonment of registration. Applicant did not commence operations and
is not now engaged, or intending to engage, in any business activities
other than those necessary for winding up its affairs.
Filing Date: The application was filed on May 25, 2007.
Applicant's Address: 9920 Corporate Campus Drive, Suite 1000,
Louisville, KY 40223.
For the Commission, by the Division of Investment Management,
pursuant to delegated authority.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7-12944 Filed 7-3-07; 8:45 am]
BILLING CODE 8010-01-P
