Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940, 56806-56808 [E7-19579]
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56806
Federal Register / Vol. 72, No. 192 / Thursday, October 4, 2007 / Notices
$355,000 [(2×$80,000) + (4×$43,500) +
(3×$7,000)]. The estimates of annual
burden hours and costs are made solely
for the purposes of the Paperwork
Reduction Act, and are not derived from
a comprehensive or even representative
survey or study of the costs of
Commission rules and forms.
The requirements of this collection of
information are required to obtain or
retain benefits. Responses will not be
kept confidential. 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 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:
Alexander_T._Hunt@omb.eop.gov ; and
(ii) 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.
Comments must be submitted to OMB
within 30 days of this notice.
Dated: September 27, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–19548 Filed 10–3–07; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Submission for OMB Review;
Comment Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of Investor
Education and Advocacy,
Washington, DC 20549–0213
pwalker on PROD1PC71 with NOTICES
Existing Collection; New OMB Control No.:
Rule 607, SEC File No. 270–568, OMB
Control No. 3235-xxxx
Notice is hereby given that pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.) the Securities
and Exchange Commission
(‘‘Commission’’) has submitted to the
Office of Management and Budget
(‘‘OMB’’) a request for approval of the
collection of information discussed
below.
Rule 607 under Regulation E (17 CFR
230.607) entitled, ‘‘Sales material to be
filed,’’ requires sales material used in
connection with securities offerings
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16:20 Oct 03, 2007
Jkt 214001
under Regulation E (17 CFR 230.601 to
610a) to be filed with the Commission
at least five days (excluding weekends
and holidays) prior to its use.1
Regulation E allows the exemption of
securities issued by a small business
investment company (‘‘SBIC’’) which is
registered under the Investment
Company Act of 1940 (‘‘Investment
Company Act’’) (15 U.S.C. 80a–1 et seq.)
or a closed-end investment company
that has elected to be regulated as a
business development company
(‘‘BDC’’) under the Investment Company
Act from registration under the
Securities Act of 1933 (‘‘Securities Act’’)
(15 U.S.C. 77a et seq.), so long as the
aggregate offering price of all securities
of the issuer that may be sold within a
12-month period does not exceed
$5,000,000 and certain other conditions
are met. Commission staff reviews sales
material filed under rule 607 for
materially misleading statements and
omissions. The requirements of rule 607
are designed for investor protection.
Respondents to this collection of
information include SBICs and BDCs
making an offering of securities
pursuant to Regulation E. Each
respondent’s reporting burden under
rule 607 relates to the burden associated
with filing its sales material
electronically. The burden of filing
electronically, however, is negligible
and there have been no filings made
under this rule, so this collection of
information does not impose any
burden on the industry. However, we
are requesting one annual response and
an annual burden of one hour for
administrative purposes. The estimate
of average burden hours is made solely
for purposes of the Paperwork
Reduction Act and is not derived from
a quantitative, comprehensive, or even
representative survey or study of the
burdens associated with Commission
rules and forms.
The requirements of this collection of
information are mandatory. Responses
will not be kept confidential. 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 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
1 Sales material includes advertisements, articles
or other communications to be published in
newspapers, magazines, or other periodicals; radio
and television scripts; and letters, circulars or other
written communications proposed to be sent given
or otherwise communicated to more than ten
persons.
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Regulatory Affairs, Office of
Management and Budget, Room 10102,
New Executive Office Building,
Washington, DC 20503 or e-mail to:
Alexander_T._Hunt@omb.eop.gov; and
(ii) 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.
Comments must be submitted to OMB
within 30 days of this notice.
Dated: September 27, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–19549 Filed 10–3–07; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. IC–28006]
Notice of Applications for
Deregistration Under Section 8(f) of the
Investment Company Act of 1940
September 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 September
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 October 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.
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Federal Register / Vol. 72, No. 192 / Thursday, October 4, 2007 / Notices
Ameritor Investment Fund [File No.
811–747]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On July 24, 2007,
applicant was liquidated, at which time
applicant’s liabilities exceeded its
assets. Expenses of $6,775 incurred in
connection with the liquidation were
paid by applicant and Ameritor
Financial Corporation, applicant’s
investment adviser.
Filing Dates: The application was
filed on July 24, 2007, and amended on
September 14, 2007.
Applicant’s Address: 4400 MacArthur
Blvd., NW., Suite 301, Washington, DC
20007.
UC Co Investment Fund LLC [File No.
811–21599]
Summary: Applicant, a closed-end
investment company, seeks an order
declaring that it has ceased to be an
investment company. On December 15,
2004, applicant made a liquidating
distribution to its shareholders, based
on net asset value. Expenses of $1,035
incurred in connection with the
liquidation were paid by UC Co
Advisors LLC, applicant’s investment
adviser.
Filing Dates: The application was
filed on January 13, 2005, and amended
on April 28, 2005 and September 18,
2007.
Applicant’s Address: c/o Skadden,
Arps, Slate, Meagher & Flom LLP, Four
Times Sq., New York, NY 10036.
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Dryden Municipal Series Fund [File No.
811–4023]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On December 15,
2006, each of applicant’s series
transferred its assets to Dryden National
Municipals Fund, Inc., based on net
asset value. Expenses of $1,002,000
incurred in connection with the
reorganization were paid by applicant’s
series.
Filing Date: The application was filed
on September 4, 2007.
Applicant’s Address: Gateway Center
Three, 100 Mulberry St., Newark, NJ
07102–4077.
Van Kampen Trust for Investment
Grade Florida Municipals [File No.
811–6538]
Summary: Applicant, a closed-end
investment company, seeks an order
declaring that it has ceased to be an
investment company. On June 8, 2007,
applicant transferred its assets to Van
Kampen Trust for Investment Grade
Municipals, based on net asset value.
Applicant’s preferred shares were
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Jkt 214001
converted into preferred shares of the
acquiring fund at a ratio of one-to-one.
Expenses of $548,000 incurred in
connection with the reorganization were
paid by applicant, the acquiring fund
and Van Kampen Asset Management,
applicant’s investment adviser.
Filing Date: The application was filed
on September 5, 2007.
Applicant’s Address: 522 Fifth Ave.,
New York, NY 10036.
Asset Management Fund Large Cap
Equity Institutional Fund, Inc. [File No.
811–620]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On January 8,
2007, applicant transferred its assets to
Large Cap Equity Fund, a portfolio of
Asset Management Fund, based on net
asset value. Expenses of $229,000
incurred in connection with the
reorganization were paid by applicant.
Filing Date: The application was filed
on August 31, 2007.
Applicant’s Address: 675 Third Ave.,
Suite 1130, New York, NY 10017.
ACM Municipal Securities Income
Fund, Inc. [File No. 811–7510]
Summary: Applicant, a closed-end
investment company, seeks an order
declaring that it has ceased to be an
investment company. On May 18, 2007,
applicant transferred its assets to
AllianceBernstein National Municipal
Income Fund, Inc., based on net asset
value. Each holder of applicant’s
preferred shares received corresponding
preferred shares of the acquiring fund
having an aggregate liquidation
preference and value equal to the
aggregate liquidation preference and
value of the respective class of
applicant’s preferred stock. Expenses of
$215,405 incurred in connection with
the reorganization were paid by
applicant.
Filing Dates: The application was
filed on July 24, 2007 and amended on
September 17, 2007.
Applicant’s Address: 1345 Avenue of
the Americas, New York, NY 10105.
The Tocqueville Alexis Trust [File No.
811–8428]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On October 31,
2006, applicant transferred its assets to
The Tocqueville Fund, a series of The
Tocqueville Trust, based on net asset
value. Expenses of $170,265 incurred in
connection with the reorganization were
paid by Tocqueville Asset Management
L.P., applicant’s investment adviser.
Filing Date: The application was filed
on August 20, 2007.
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56807
Applicant’s Address: 40 W 57th St.,
19th Floor, New York, NY 10019.
Franklin Templeton High Yield Trust
[File No. 811–21358]
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 Date: The application was filed
on August 20, 2007.
Applicant’s Address: One Franklin
Parkway, San Mateo, CA 94403–1906.
Value Line U.S. Multinational
Company Fund, Inc. [File No. 811–
7311]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On May 16, 2003,
applicant made a liquidating
distribution to its shareholders, based
on net asset value. Expenses of $10,157
incurred in connection with the
liquidation were paid by applicant.
Filing Dates: The application was
filed on July 17, 2007 and amended on
September 5, 2007.
Applicant’s Address: 220 East 42nd
St., New York, NY 10017.
Advantage Advisers Troon Fund, L.L.C.
[File No. 811–8003]
Summary: Applicant, a closed-end
investment company, seeks an order
declaring that it has ceased to be an
investment company. On August 22,
2007, applicant made a final liquidating
distribution to its shareholders, based
on net asset value. Expenses of $189,970
incurred in connection with the
liquidation were paid by applicant.
Filing Dates: The application was
filed on August 23, 2007, and amended
on September 20, 2007.
Applicant’s Address: c/o
Oppenheimer & Co. Inc., 200 Park Ave.,
24th Floor, New York, NY 10116.
Excelsior Directional Hedge Fund of
Funds NewSub, LLC [File No. 811–
22055]
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 of its securities.
Filing Dates: The application was
filed on April 26, 2007, and amended on
September 18, 2007.
Applicant’s Address: c/o U.S. Trust
Hedge Fund Management, Inc., 225
High Ridge Rd., Stamford, CT 06905.
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Federal Register / Vol. 72, No. 192 / Thursday, October 4, 2007 / Notices
Federated Capital Income Fund, Inc.
[File No. 811–5114]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On May 26, 2003,
applicant transferred its assets to
Federated Capital Income Fund, a
portfolio of Federated Income Securities
Trust, based on net asset value.
Applicant paid $103,804 in expenses
incurred in connection with the
reorganization.
Filing Dates: The application was
filed on April 17, 2007, and amended on
April 18, 2007, September 14, 2007 and
September 17, 2007.
Applicant’s Address: 5800 Corporate
Dr., Pittsburgh, PA 15237–7000.
For the Commission, by the Division of
Investment Management, pursuant to
delegated authority.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–19579 Filed 10–3–07; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Investment Company Act Release No.
28008; 812–13232]
Fidelity Rutland Square Trust, et al.;
Notice of Application
Securities and Exchange
Commission (‘‘Commission’’).
ACTION: Notice of application for an
order under section 12(d)(1)(J) of the
Investment Company Act of 1940
(‘‘Act’’) for an exemption from sections
12(d)(1)(A) and (B) of the Act, and
under sections 6(c) and 17(b) of the Act
for an exemption from section 17(a) of
the Act.
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AGENCY:
SUMMARY OF THE APPLICATION:
Applicants request an order to permit
certain registered open-end management
investment companies to acquire shares
of other registered open-end
management investment companies and
unit investment trusts that are within
and outside the same group of
investment companies.
APPLICANTS: Fidelity Management &
Research Company (‘‘FMR’’), Fidelity
Management Trust Company (‘‘FMTC’’),
Strategic Advisers, Inc. (‘‘SAI’’)
(collectively, the ‘‘Adviser’’); Fidelity
Distributors Corporation (‘‘FDC’’) and
National Financial Services LLC
(‘‘NFS’’) (collectively, the
‘‘Distributor’’); and Fidelity Rutland
Square Trust (the ‘‘Trust’’).
16:20 Oct 03, 2007
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 (telephone (202) 551–5850).
SUPPLEMENTARY INFORMATION:
September 28, 2007.
VerDate Aug<31>2005
The application was filed
on September 6, 2005, and amended on
September 27, 2007.
HEARING OR NOTIFICATION OF HEARING: An
order granting the application 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 October 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 20549–1090;
Applicants, 82 Devonshire Street,
Boston, MA 02109.
FOR FURTHER INFORMATION CONTACT:
Christine Y. Greenlees, Senior Counsel,
at (202) 551–6879, or Michael W.
Mundt, Assistant Director, at (202) 551–
6821 (Office of Investment Company
Regulation, Division of Investment
Management).
FILING DATES:
Jkt 214001
Applicants’ Representations
1. The Trust is a statutory trust
organized under the laws of the state of
Delaware and is registered under the
Act as an open-end management
investment company. The Trust
currently offers three series that intend
to rely on the relief requested by the
application: PAS Small Cap Fund of
Funds, PAS International Fund of
Funds, and PAS U.S. Opportunity Fund
of Funds (‘‘PAS Funds,’’ and each a
‘‘Fund of Funds’’).1 Each PAS Fund
1 Applicants request that the order extend to each
registered open-end management investment
company or series thereof that is part of the same
group of investment companies, as defined in
section 12(d)(1)(G)(ii) of the Act as the Trust (each
included in the term ‘‘Fund of Funds’’) and advised
by the Adviser or any investment adviser
controlling, controlled by, or under common
control with the Adviser (each included in the term
‘‘Adviser’’). Each existing registered open-end
management investment company that currently
intends to rely on the order is named as an
applicant. Any other existing or future registered
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Fmt 4703
Sfmt 4703
operates as a fund of funds and has its
own distinct investment objectives,
policies and restrictions.
2. SAI currently serves as the
investment adviser to each PAS Fund.
FMR and SAI are investment advisers
registered under the Investment
Advisers Act of 1940 (the ‘‘Advisers
Act’’). FMTC is a ‘‘bank’’ within the
meaning of section 202(a)(2) of the
Advisers Act and, accordingly, is
exempt from registration under the
Advisers Act. Any future Adviser will
be registered under the Advisers Act or
exempt from registration. Each of FMR,
FMTC, and SAI is a direct or indirect
subsidiary of FMR Corp., a
Massachusetts corporation. FDC and
NFS are broker-dealers registered under
the Securities Exchange Act of 1934
(‘‘Exchange Act’’). Each of FDC and NFS
is a direct or indirect subsidiary of FMR
Corp. FDC is currently the distributor of
the PAS Funds.
3. Applicants request relief to permit:
(a) A Fund of Funds to acquire shares
of registered open-end management
investment companies that are not part
of the same ‘‘group of investment
companies’’ (as defined in section
12(d)(1)(G)(ii) of the Act) as the Fund of
Funds (the ‘‘Non-Affiliated Investment
Companies’’) and unit investment trusts
(‘‘UITs’’) that are not part of the same
group of investment companies as the
Fund of Funds (‘‘Non-Affiliated Trusts,’’
and together with the Non-Affiliated
Investment Companies, the ‘‘NonAffiliated Underlying Funds’’); (b) the
Non-Affiliated Underlying Funds, their
principal underwriter and brokers and
dealers registered under the Exchange
Act (‘‘Brokers’’) to sell such shares to
the Fund of Funds; (c) a Fund of Funds
to acquire shares of certain other
registered open-end management
investment companies advised by the
Adviser or series thereof and that are
part of the same ‘‘group of investment
companies’’ (as defined in section
12(d)(1)(G)(ii) of the Act) as the Fund of
Funds (‘‘Affiliated Underlying Funds,’’
and together with the Non-Affiliated
Underlying Funds, the ‘‘Underlying
Funds’’); and (d) the Affiliated
Underlying Funds, their principal
underwriter and Brokers to sell such
shares to the Fund of Funds.2 Certain of
the Non-Affiliated Underlying Funds
open-end management investment company that
subsequently relies on the order will do so only in
accordance with the terms and conditions of the
application.
2 With regard to purchases of shares of NonAffiliated Underlying Funds, the requested order
would apply to purchases made by a Fund of Funds
only to the extent that the Fund of Funds could not
rely on the provisions of section 12(d)(1)(F) of the
Act.
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]]>Agencies
[Federal Register Volume 72, Number 192 (Thursday, October 4, 2007)]
[Notices]
[Pages 56806-56808]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-19579]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. IC-28006]
Notice of Applications for Deregistration Under Section 8(f) of
the Investment Company Act of 1940
September 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
September 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 October
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.
[[Page 56807]]
Ameritor Investment Fund [File No. 811-747]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On July 24, 2007, applicant was liquidated,
at which time applicant's liabilities exceeded its assets. Expenses of
$6,775 incurred in connection with the liquidation were paid by
applicant and Ameritor Financial Corporation, applicant's investment
adviser.
Filing Dates: The application was filed on July 24, 2007, and
amended on September 14, 2007.
Applicant's Address: 4400 MacArthur Blvd., NW., Suite 301,
Washington, DC 20007.
UC Co Investment Fund LLC [File No. 811-21599]
Summary: Applicant, a closed-end investment company, seeks an order
declaring that it has ceased to be an investment company. On December
15, 2004, applicant made a liquidating distribution to its
shareholders, based on net asset value. Expenses of $1,035 incurred in
connection with the liquidation were paid by UC Co Advisors LLC,
applicant's investment adviser.
Filing Dates: The application was filed on January 13, 2005, and
amended on April 28, 2005 and September 18, 2007.
Applicant's Address: c/o Skadden, Arps, Slate, Meagher & Flom LLP,
Four Times Sq., New York, NY 10036.
Dryden Municipal Series Fund [File No. 811-4023]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On December 15, 2006, each of applicant's
series transferred its assets to Dryden National Municipals Fund, Inc.,
based on net asset value. Expenses of $1,002,000 incurred in connection
with the reorganization were paid by applicant's series.
Filing Date: The application was filed on September 4, 2007.
Applicant's Address: Gateway Center Three, 100 Mulberry St.,
Newark, NJ 07102-4077.
Van Kampen Trust for Investment Grade Florida Municipals [File No. 811-
6538]
Summary: Applicant, a closed-end investment company, seeks an order
declaring that it has ceased to be an investment company. On June 8,
2007, applicant transferred its assets to Van Kampen Trust for
Investment Grade Municipals, based on net asset value. Applicant's
preferred shares were converted into preferred shares of the acquiring
fund at a ratio of one-to-one. Expenses of $548,000 incurred in
connection with the reorganization were paid by applicant, the
acquiring fund and Van Kampen Asset Management, applicant's investment
adviser.
Filing Date: The application was filed on September 5, 2007.
Applicant's Address: 522 Fifth Ave., New York, NY 10036.
Asset Management Fund Large Cap Equity Institutional Fund, Inc. [File
No. 811-620]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On January 8, 2007, applicant transferred its
assets to Large Cap Equity Fund, a portfolio of Asset Management Fund,
based on net asset value. Expenses of $229,000 incurred in connection
with the reorganization were paid by applicant.
Filing Date: The application was filed on August 31, 2007.
Applicant's Address: 675 Third Ave., Suite 1130, New York, NY
10017.
ACM Municipal Securities Income Fund, Inc. [File No. 811-7510]
Summary: Applicant, a closed-end investment company, seeks an order
declaring that it has ceased to be an investment company. On May 18,
2007, applicant transferred its assets to AllianceBernstein National
Municipal Income Fund, Inc., based on net asset value. Each holder of
applicant's preferred shares received corresponding preferred shares of
the acquiring fund having an aggregate liquidation preference and value
equal to the aggregate liquidation preference and value of the
respective class of applicant's preferred stock. Expenses of $215,405
incurred in connection with the reorganization were paid by applicant.
Filing Dates: The application was filed on July 24, 2007 and
amended on September 17, 2007.
Applicant's Address: 1345 Avenue of the Americas, New York, NY
10105.
The Tocqueville Alexis Trust [File No. 811-8428]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On October 31, 2006, applicant transferred
its assets to The Tocqueville Fund, a series of The Tocqueville Trust,
based on net asset value. Expenses of $170,265 incurred in connection
with the reorganization were paid by Tocqueville Asset Management L.P.,
applicant's investment adviser.
Filing Date: The application was filed on August 20, 2007.
Applicant's Address: 40 W 57th St., 19th Floor, New York, NY 10019.
Franklin Templeton High Yield Trust [File No. 811-21358]
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 Date: The application was filed on August 20, 2007.
Applicant's Address: One Franklin Parkway, San Mateo, CA 94403-
1906.
Value Line U.S. Multinational Company Fund, Inc. [File No. 811-7311]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On May 16, 2003, applicant made a liquidating
distribution to its shareholders, based on net asset value. Expenses of
$10,157 incurred in connection with the liquidation were paid by
applicant.
Filing Dates: The application was filed on July 17, 2007 and
amended on September 5, 2007.
Applicant's Address: 220 East 42nd St., New York, NY 10017.
Advantage Advisers Troon Fund, L.L.C. [File No. 811-8003]
Summary: Applicant, a closed-end investment company, seeks an order
declaring that it has ceased to be an investment company. On August 22,
2007, applicant made a final liquidating distribution to its
shareholders, based on net asset value. Expenses of $189,970 incurred
in connection with the liquidation were paid by applicant.
Filing Dates: The application was filed on August 23, 2007, and
amended on September 20, 2007.
Applicant's Address: c/o Oppenheimer & Co. Inc., 200 Park Ave.,
24th Floor, New York, NY 10116.
Excelsior Directional Hedge Fund of Funds NewSub, LLC [File No. 811-
22055]
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 of its securities.
Filing Dates: The application was filed on April 26, 2007, and
amended on September 18, 2007.
Applicant's Address: c/o U.S. Trust Hedge Fund Management, Inc.,
225 High Ridge Rd., Stamford, CT 06905.
[[Page 56808]]
Federated Capital Income Fund, Inc. [File No. 811-5114]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On May 26, 2003, applicant transferred its
assets to Federated Capital Income Fund, a portfolio of Federated
Income Securities Trust, based on net asset value. Applicant paid
$103,804 in expenses incurred in connection with the reorganization.
Filing Dates: The application was filed on April 17, 2007, and
amended on April 18, 2007, September 14, 2007 and September 17, 2007.
Applicant's Address: 5800 Corporate Dr., Pittsburgh, PA 15237-7000.
For the Commission, by the Division of Investment Management,
pursuant to delegated authority.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7-19579 Filed 10-3-07; 8:45 am]
BILLING CODE 8011-01-P
