Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940, 72531-72533 [E8-28274]

Download as PDF Federal Register / Vol. 73, No. 230 / Friday, November 28, 2008 / Notices 42′ and three of which will be located at approximately 47′, each measuring less than 56″ x 14″ x 4″, (b) radio equipment, and (c) all other equipment necessary to operate the Project, including an equipment cabinet measuring approximately 5.5′ high x 4′ x 3′. Comments: Comments on the proposed project must be sent to Steve Carp, Presidio Trust, 34 Graham Street, P.O. Box 29052, San Francisco, CA 94129–0052, and be received by December 31, 2008. A copy of TMobile’s application is available upon request to the Presidio Trust. FOR FURTHER INFORMATION CONTACT: Steve Carp, Presidio Trust, 34 Graham Street, P.O. Box 29052, San Francisco, CA 94129–0052. E-mail: scarp@presidiotrust.gov. Telephone: 415.561.5300. Dated: November 21, 2008. Karen A. Cook, General Counsel. [FR Doc. E8–28260 Filed 11–26–08; 8:45 am] S BILLING CODE 4310–4R–P 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. Smith Barney Money Funds, Inc. [File No. 811–2490]; Smith Barney Municipal Money Market Fund, Inc. [File No. 811– 3112] Summary: Each applicant seeks an order declaring that it has ceased to be an investment company. On April 16, 2007, applicants transferred their assets to corresponding series of Legg Mason Partners Money Market Trust, based on net asset value. Expenses of $5,595,239 and $774,031, respectively, incurred in connection with the reorganizations were paid by applicants and Legg Mason, Inc., the parent company of applicants’ investment adviser. Filing Date: The applications were filed on October 30, 2008. Applicants’ Address: 55 Water St., New York, NY 10041. SECURITIES AND EXCHANGE COMMISSION Legg Mason Partners Small Cap Core Fund, Inc. [File No. 811–5928] [Release No. IC–28520] Summary: Applicant seeks an order declaring that it has ceased to be an investment company. On April 16, 2007, applicant transferred its assets to a corresponding series of Legg Mason Partners Equity Trust, based on net asset value. Expenses of $50,060 incurred in connection with the reorganization were paid by applicant and Legg Mason, Inc., the parent company of applicant’s investment adviser. Filing Date: The application was filed on October 30, 2008. Applicant’s Address: 55 Water St., New York, NY 10041. Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940 mstockstill on PROD1PC66 with NOTICES November 21, 2008 The following is a notice of applications for deregistration under section 8(f) of the Investment Company Act of 1940 for the month of November 2008. A copy of each application may be obtained for a fee at the Commission’s Public Reference Room, 100 F Street, NE., Washington, DC 20549–1520 (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 December 17, 2008, 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 VerDate Aug<31>2005 17:16 Nov 26, 2008 Jkt 217001 Highland Capital Multi-Strategy Fund [File No. 811–22073] Summary: Applicant, a closed-end investment company, seeks an order declaring that it has ceased to be an investment company. On October 30, 2008, applicant made a liquidating distribution to its shareholders, based on net asset value. Expenses of $2,500 incurred in connection with the liquidation were paid by Highland Capital Management, L.P., applicant’s investment adviser. Filing Date: The application was filed on October 31, 2008. Applicant’s Address: NexBank Tower, 13455 Noel Rd., Suite 800, Dallas, TX 75240. PO 00000 Frm 00090 Fmt 4703 Sfmt 4703 72531 Legg Mason Partners Variable Portfolios V [File No. 811–7893] Summary: Applicant seeks an order declaring that it has ceased to be an investment company. On April 27, 2007, applicant transferred its assets to a corresponding series of Legg Mason Partners Variable Portfolios I, Inc., based on net asset value. Expenses of $51,786 incurred in connection with the reorganization were paid by applicant and Legg Mason, Inc., the parent company of applicant’s investment adviser. Filing Date: The application was filed on October 30, 2008. Applicant’s Address: 125 Broad St., New York, NY 10004. Legg Mason Partners Variable Portfolios I, Inc. [File No. 811–8443]; Legg Mason Partners Variable Portfolios III, Inc. [File No. 811–8372] Summary: Each applicant seeks an order declaring that it has ceased to be an investment company. On April 16, 2007, applicants transferred their assets to corresponding series of Legg Mason Partners Variable Equity Trust and Legg Mason Partners Variable Income Trust, based on net asset value. Expenses of $193,404 and $963,711, respectively, incurred in connection with the reorganizations were paid by applicants and Legg Mason, Inc., the parent company of applicants’ investment adviser. Filing Date: The applications were filed on October 30, 2008. Applicants’ Address: 55 Water St., New York, NY 10041. Everest Funds [File No. 811–10057] Summary: Applicant seeks an order declaring that it has ceased to be an investment company. On July 9, 2008, applicant made a liquidating distribution to its shareholders, based on net asset value. Expenses of $12,094 incurred in connection with the liquidation were paid by applicant. Filing Date: The application was filed on October 29, 2008. Applicant’s Address: 5805 S 86th Circle, Omaha, NE 68127. Excelsior Funds, Inc. [File No. 811– 4088]; Excelsior Tax-Exempt Funds, Inc. [File No. 811–4101] Summary: Each applicant seeks an order declaring that it has ceased to be an investment company. Between March 24, 2008 and May 5, 2008, each applicant’s series transferred their assets to corresponding series of Columbia Funds Series Trust and Columbia Funds Series Trust I, based on net asset value. Expenses of $3,731,778 and $829,865, respectively, incurred in connection E:\FR\FM\28NON1.SGM 28NON1 72532 Federal Register / Vol. 73, No. 230 / Friday, November 28, 2008 / Notices with the reorganizations were paid by applicants, the acquiring funds, and Columbia Management Advisors, LLC. Filing Date: The applications were filed on October 3, 2008. Applicants’ Address: One Financial Center, Boston, MA 02111. Excelsior Funds Trust [File No. 811– 8490] Summary: Applicant seeks an order declaring that it has ceased to be an investment company. On March 24, 2008, and March 31, 2008, applicant’s five series transferred their assets to corresponding series of Columbia Funds Series Trust I, based on net asset value. Expenses of $210,965 incurred in connection with the reorganization were paid by applicant, the acquiring fund, and Columbia Management Advisors, LLC. Filing Date: The application was filed on October 3, 2008. Applicant’s Address: One Financial Center, Boston, MA 02111. Legg Mason Partners Funds Trust [File No. 811–5034] Summary: Applicant seeks an order declaring that it has ceased to be an investment company. On March 2, 2007, applicant transferred its assets to corresponding series of Legg Mason Partners Managed Municipals Fund, Inc., Legg Mason Partners California Municipals Fund, Inc. and Legg Mason Partners Municipal Funds, based on net asset value. Expenses of $138,448 incurred in connection with the reorganization were paid by applicant and Legg Mason, Inc., the parent company of applicant’s investment adviser. Filing Date: The application was filed on October 30, 2008. Applicant’s Address: 125 Broad St., New York, NY 10004. mstockstill on PROD1PC66 with NOTICES Legg Mason Partners Lifestyle Series, Inc. [File No. 811–7435] Summary: Applicant seeks an order declaring that it has ceased to be an investment company. On April 16, 2007, applicant transferred its assets to corresponding series of Legg Mason Partners Equity Trust and Legg Mason Partners Variable Equity Trust, based on net asset value. Expenses of $1,411,223 incurred in connection with the reorganization were paid by applicant and Legg Mason, Inc., the parent company of applicant’s investment adviser. Filing Date: The application was filed on October 30, 2008. Applicant’s Address: 55 Water St., New York, NY 10041. VerDate Aug<31>2005 17:16 Nov 26, 2008 Jkt 217001 Legg Mason Partners Arizona Municipals Fund, Inc. [File No. 811– 5066] Summary: Applicant seeks an order declaring that it has ceased to be an investment company. On February 2, 2007, applicant transferred its assets to Legg Mason Partners Managed Municipals Fund, Inc., based on net asset value. Expenses of $43,975 incurred in connection with the reorganization were paid by applicant and Legg Mason, Inc., the parent company of applicant’s investment adviser. Filing Date: The application was filed on October 30, 2008. Applicant’s Address: 125 Broad St., New York, NY 10004. Legg Mason Partners World Funds, Inc. [File No. 811–6290] Summary: Applicant seeks an order declaring that it has ceased to be an investment company. On April 16, 2007, applicant transferred its assets to corresponding series of Legg Mason Partners Equity Trust and Legg Mason Partners Income Trust, based on net asset value. Expenses of $168,703 incurred in connection with the reorganization were paid by applicant and Legg Mason, Inc., the parent company of applicant’s investment adviser. Filing Date: The application was filed on October 30, 2008. Applicant’s Address: 55 Water St., New York, NY 10041. Smith Barney Institutional Cash Management Fund, Inc. [File No. 811– 9012] Summary: Applicant seeks an order declaring that it has ceased to be an investment company. On April 16, 2007, applicant transferred its assets to corresponding series of Legg Mason Partners Institutional Trust, based on net asset value. Expenses of $306,567 incurred in connection with the reorganization were paid by applicant and Legg Mason, Inc., the parent company of applicant’s investment adviser. Filing Date: The application was filed on October 30, 2008. Applicant’s Address: 55 Water St., New York, NY 10041. Western Asset Zenix Income Fund Inc. [File No. 811–5484] Summary: Applicant, a closed-end investment company, seeks an order declaring that it has ceased to be an investment company. On September 23, 2008, applicant transferred its assets to Western Asset High Income Fund II Inc., based on net asset value. Expenses of PO 00000 Frm 00091 Fmt 4703 Sfmt 4703 $105,000 incurred in connection with the reorganization were paid by Legg Mason Partners Fund Advisor, LLC, applicant’s investment adviser. Applicant’s transfer agent is holding shares of the acquiring fund for the shareholders of applicant who held shares in certificated form. Once the old certificates are submitted to the transfer agent, these shareholders will receive their shares of the acquiring fund. Filing Date: The application was filed on October 10, 2008. Applicant’s Address: 55 Water St., New York, NY 10041. VLC Trust [File No. 811–4788] Summary: Applicant seeks an order declaring that it has ceased to be an investment company. On October 17, 2008, applicant transferred its assets to Narragansett Insured Tax-Free Income Fund, based on net asset value. Expenses of approximately $107,714 incurred in connection with the reorganization were paid by applicant and Aquila Investment Management LLC, the manager of the acquiring fund. Filing Date: The application was filed on October 22, 2008. Applicant’s Address: One Regency Plaza, Suite One, Providence, RI 02903. Liquid Reserves Portfolio [File No. 811– 5813]; Tax Free Reserves Portfolio [File No. 811–6118]; U.S. Treasury Reserves Portfolio [File No. 811–6277] Summary: Each applicant seeks an order declaring that it has ceased to be an investment company. On April 16, 2007, each applicant transferred its assets to a corresponding series of Master Portfolio Trust, based on net asset value. Applicants incurred no expenses in connection with the reorganizations. Filing Date: The applications were filed on October 30, 2008. Applicants’ Address: 55 Water St., New York, NY 10041. MuniHoldings New York Fund, Inc. [File No. 811–21628]; Enhanced Government Fund II, Inc. [File No. 811– 21830] 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 Date: The applications were filed on October 14, 2008. Applicants’ Address: BlackRock, Inc., 800 Scudders Mill Rd., Plainsboro, NJ 08536. E:\FR\FM\28NON1.SGM 28NON1 Federal Register / Vol. 73, No. 230 / Friday, November 28, 2008 / Notices Turnaround Investment Trust [File No. 811–21275] Summary: Applicant seeks an order declaring that it has ceased to be an investment company. On February 15, 2008, applicant made a liquidating distribution to its shareholders, based on net asset value. Expenses of $38,895 incurred in connection with the liquidation were paid by applicant. Filing Date: The application was filed on October 14, 2008. Applicant’s Address: 975 Willagillespie, Suite 200, Eugene, OR 97401. Citigroup Alternative Investments Trust [File No. 811–21854] Summary: Applicant, a closed-end investment company, seeks an order declaring that it has ceased to be an investment company. On June 6, 2008 and June 24, 2008, applicant made liquidating distributions to its shareholders, based on net asset value. Expenses of approximately $342,703 incurred in connection with the liquidation were paid by applicant and Citigroup Alternative Investments LLC, applicant’s investment adviser. Applicant has set aside funds in a liquidating trust account to pay approximately $20,000 in outstanding debts and liabilities. Filing Dates: The application was filed on August 14, 2008, and amended on October 24, 2008. Applicant’s Address: 731 Lexington Ave., 28th Floor, New York, NY 10022. mstockstill on PROD1PC66 with NOTICES Phoenix Multi-Portfolio Fund [File No. 811–5436] Summary: Applicant seeks an order declaring that it has ceased to be an investment company. On October 20, 2006, applicant’s Phoenix Tax-Exempt Bond Fund series transferred its assets to a corresponding series of Phoenix Insight Funds Trust, based on net asset value. On June 27, 2007, applicant’s Phoenix Emerging Markets Bond Fund and Phoenix Real Estate Securities Fund series transferred their assets to corresponding series of Phoenix Opportunities Trust, based on net asset value. On September 24, 2007, applicant’s Phoenix International Strategies Fund transferred its assets to a corresponding series of Phoenix Opportunities Trust, based on net asset value. Expenses of $27,152 incurred in connection with the reorganization of applicant’s Phoenix Tax-Exempt Bond Fund series were paid by Phoenix Investment Counsel Inc., applicant’s investment adviser. Total expenses of $160,962 incurred in connection with the reorganization of applicant’s VerDate Aug<31>2005 17:16 Nov 26, 2008 Jkt 217001 remaining three series were paid by the acquiring series of Phoenix Opportunities Trust. Filing Date: The application was filed on September 26, 2008. Applicant’s Address: 56 Prospect St., PO Box 150480, Hartford, CT 06115– 0480. StateShares, Inc. [File No. 811–22000] Summary: Applicant seeks an order declaring that it has ceased to be an investment company. Applicant has never made a public offering of its securities and does not propose to make a public offering or engage in business of any kind. Filing Date: The application was filed on October 14, 2008. Applicant’s Address: 420 Lexington Ave., Suite 2550, New York, NY 10170. Western Asset Funds II, Inc. [File No. 811–6088] Summary: Applicant seeks an order declaring that it has ceased to be an investment company. On April 16, 2007, applicant transferred its assets to corresponding series of Legg Mason Partners Income Trust, based on net asset value. Expenses of $32,580 incurred in connection with the reorganization were paid by applicant and Legg Mason, Inc., the parent company of applicant’s investment adviser. Filing Date: The application was filed on October 30, 2008. Applicant’s Address: 55 Water St., New York, NY 10041. For the Commission, by the Division of Investment Management, pursuant to delegated authority. Florence E. Harmon, Acting Secretary. [FR Doc. E8–28274 Filed 11–26–08; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–58989; File No. SR–BATS– 2008–010] Self-Regulatory Organizations; BATS Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to Fees of Other Market Centers Related to Clearly Erroneous Rulings November 20, 2008. Pursuant to section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 notice is hereby given that on November 1 15 2 17 PO 00000 U.S.C. 78s(b)(1). CFR 240.19b–4. Frm 00092 Fmt 4703 19, 2008, BATS Exchange, Inc. (‘‘BATS’’ or the ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change as described in Items I, II, and III below, which Items have been prepared by the Exchange. BATS has designated the proposed rule change as one establishing or changing a member due, fee, or other charge imposed by the Exchange under section 19(b)(3)(A)(ii) of the Act 3 and Rule 19b–4(f)(2) thereunder,4 which renders the proposed rule change effective upon filing with the Commission. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The Exchange is proposing to implement the proposed rule change immediately. The text of the proposed rule change is available at the Exchange’s Web site at http:// www.batstrading.com, at the principal office of the Exchange, and at the Commission’s Public Reference Room. II. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the Exchange included statements concerning the purpose of and basis for the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant parts of such statements. A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose BATS Rule 11.17, which covers the breaking of trades determined to be clearly erroneous, includes a provision, paragraph (c)(2)(E), that assesses a fee of $500.00 for unsuccessful appeals of clearly erroneous adjudications by the Exchange. The Exchange is now adding a sentence to the rule to provide that in instances where the Exchange, on behalf of a Member, requests a determination by another market center that a transaction is clearly erroneous, the Exchange will pass any resulting 3 15 4 17 Sfmt 4703 72533 U.S.C. 78s(b)(3)(A)(ii). CFR 240.19b–4(f)(2). E:\FR\FM\28NON1.SGM 28NON1

Agencies

[Federal Register Volume 73, Number 230 (Friday, November 28, 2008)]
[Notices]
[Pages 72531-72533]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-28274]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. IC-28520]


Notice of Applications for Deregistration Under Section 8(f) of 
the Investment Company Act of 1940

November 21, 2008
    The following is a notice of applications for deregistration under 
section 8(f) of the Investment Company Act of 1940 for the month of 
November 2008. A copy of each application may be obtained for a fee at 
the Commission's Public Reference Room, 100 F Street, NE., Washington, 
DC 20549-1520 (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 December 17, 2008, 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.

Smith Barney Money Funds, Inc. [File No. 811-2490]; Smith Barney 
Municipal Money Market Fund, Inc. [File No. 811-3112]

    Summary: Each applicant seeks an order declaring that it has ceased 
to be an investment company. On April 16, 2007, applicants transferred 
their assets to corresponding series of Legg Mason Partners Money 
Market Trust, based on net asset value. Expenses of $5,595,239 and 
$774,031, respectively, incurred in connection with the reorganizations 
were paid by applicants and Legg Mason, Inc., the parent company of 
applicants' investment adviser.
    Filing Date: The applications were filed on October 30, 2008.
    Applicants' Address: 55 Water St., New York, NY 10041.

Legg Mason Partners Small Cap Core Fund, Inc. [File No. 811-5928]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On April 16, 2007, applicant transferred its 
assets to a corresponding series of Legg Mason Partners Equity Trust, 
based on net asset value. Expenses of $50,060 incurred in connection 
with the reorganization were paid by applicant and Legg Mason, Inc., 
the parent company of applicant's investment adviser.
    Filing Date: The application was filed on October 30, 2008.
    Applicant's Address: 55 Water St., New York, NY 10041.

Highland Capital Multi-Strategy Fund [File No. 811-22073]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. On October 
30, 2008, applicant made a liquidating distribution to its 
shareholders, based on net asset value. Expenses of $2,500 incurred in 
connection with the liquidation were paid by Highland Capital 
Management, L.P., applicant's investment adviser.
    Filing Date: The application was filed on October 31, 2008.
    Applicant's Address: NexBank Tower, 13455 Noel Rd., Suite 800, 
Dallas, TX 75240.

Legg Mason Partners Variable Portfolios V [File No. 811-7893]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On April 27, 2007, applicant transferred its 
assets to a corresponding series of Legg Mason Partners Variable 
Portfolios I, Inc., based on net asset value. Expenses of $51,786 
incurred in connection with the reorganization were paid by applicant 
and Legg Mason, Inc., the parent company of applicant's investment 
adviser.
    Filing Date: The application was filed on October 30, 2008.
    Applicant's Address: 125 Broad St., New York, NY 10004.

Legg Mason Partners Variable Portfolios I, Inc. [File No. 811-8443]; 
Legg Mason Partners Variable Portfolios III, Inc. [File No. 811-8372]

    Summary: Each applicant seeks an order declaring that it has ceased 
to be an investment company. On April 16, 2007, applicants transferred 
their assets to corresponding series of Legg Mason Partners Variable 
Equity Trust and Legg Mason Partners Variable Income Trust, based on 
net asset value. Expenses of $193,404 and $963,711, respectively, 
incurred in connection with the reorganizations were paid by applicants 
and Legg Mason, Inc., the parent company of applicants' investment 
adviser.
    Filing Date: The applications were filed on October 30, 2008.
    Applicants' Address: 55 Water St., New York, NY 10041.

Everest Funds [File No. 811-10057]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On July 9, 2008, applicant made a liquidating 
distribution to its shareholders, based on net asset value. Expenses of 
$12,094 incurred in connection with the liquidation were paid by 
applicant.
    Filing Date: The application was filed on October 29, 2008.
    Applicant's Address: 5805 S 86th Circle, Omaha, NE 68127.

Excelsior Funds, Inc. [File No. 811-4088]; Excelsior Tax-Exempt Funds, 
Inc. [File No. 811-4101]

    Summary: Each applicant seeks an order declaring that it has ceased 
to be an investment company. Between March 24, 2008 and May 5, 2008, 
each applicant's series transferred their assets to corresponding 
series of Columbia Funds Series Trust and Columbia Funds Series Trust 
I, based on net asset value. Expenses of $3,731,778 and $829,865, 
respectively, incurred in connection

[[Page 72532]]

with the reorganizations were paid by applicants, the acquiring funds, 
and Columbia Management Advisors, LLC.
    Filing Date: The applications were filed on October 3, 2008.
    Applicants' Address: One Financial Center, Boston, MA 02111.

Excelsior Funds Trust [File No. 811-8490]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On March 24, 2008, and March 31, 2008, 
applicant's five series transferred their assets to corresponding 
series of Columbia Funds Series Trust I, based on net asset value. 
Expenses of $210,965 incurred in connection with the reorganization 
were paid by applicant, the acquiring fund, and Columbia Management 
Advisors, LLC.
    Filing Date: The application was filed on October 3, 2008.
    Applicant's Address: One Financial Center, Boston, MA 02111.

Legg Mason Partners Funds Trust [File No. 811-5034]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On March 2, 2007, applicant transferred its 
assets to corresponding series of Legg Mason Partners Managed 
Municipals Fund, Inc., Legg Mason Partners California Municipals Fund, 
Inc. and Legg Mason Partners Municipal Funds, based on net asset value. 
Expenses of $138,448 incurred in connection with the reorganization 
were paid by applicant and Legg Mason, Inc., the parent company of 
applicant's investment adviser.
    Filing Date: The application was filed on October 30, 2008.
    Applicant's Address: 125 Broad St., New York, NY 10004.

Legg Mason Partners Lifestyle Series, Inc. [File No. 811-7435]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On April 16, 2007, applicant transferred its 
assets to corresponding series of Legg Mason Partners Equity Trust and 
Legg Mason Partners Variable Equity Trust, based on net asset value. 
Expenses of $1,411,223 incurred in connection with the reorganization 
were paid by applicant and Legg Mason, Inc., the parent company of 
applicant's investment adviser.
    Filing Date: The application was filed on October 30, 2008.
    Applicant's Address: 55 Water St., New York, NY 10041.

Legg Mason Partners Arizona Municipals Fund, Inc. [File No. 811-5066]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On February 2, 2007, applicant transferred 
its assets to Legg Mason Partners Managed Municipals Fund, Inc., based 
on net asset value. Expenses of $43,975 incurred in connection with the 
reorganization were paid by applicant and Legg Mason, Inc., the parent 
company of applicant's investment adviser.
    Filing Date: The application was filed on October 30, 2008.
    Applicant's Address: 125 Broad St., New York, NY 10004.

Legg Mason Partners World Funds, Inc. [File No. 811-6290]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On April 16, 2007, applicant transferred its 
assets to corresponding series of Legg Mason Partners Equity Trust and 
Legg Mason Partners Income Trust, based on net asset value. Expenses of 
$168,703 incurred in connection with the reorganization were paid by 
applicant and Legg Mason, Inc., the parent company of applicant's 
investment adviser.
    Filing Date: The application was filed on October 30, 2008.
    Applicant's Address: 55 Water St., New York, NY 10041.

Smith Barney Institutional Cash Management Fund, Inc. [File No. 811-
9012]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On April 16, 2007, applicant transferred its 
assets to corresponding series of Legg Mason Partners Institutional 
Trust, based on net asset value. Expenses of $306,567 incurred in 
connection with the reorganization were paid by applicant and Legg 
Mason, Inc., the parent company of applicant's investment adviser.
    Filing Date: The application was filed on October 30, 2008.
    Applicant's Address: 55 Water St., New York, NY 10041.

Western Asset Zenix Income Fund Inc. [File No. 811-5484]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. On September 
23, 2008, applicant transferred its assets to Western Asset High Income 
Fund II Inc., based on net asset value. Expenses of $105,000 incurred 
in connection with the reorganization were paid by Legg Mason Partners 
Fund Advisor, LLC, applicant's investment adviser. Applicant's transfer 
agent is holding shares of the acquiring fund for the shareholders of 
applicant who held shares in certificated form. Once the old 
certificates are submitted to the transfer agent, these shareholders 
will receive their shares of the acquiring fund.
    Filing Date: The application was filed on October 10, 2008.
    Applicant's Address: 55 Water St., New York, NY 10041.

VLC Trust [File No. 811-4788]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On October 17, 2008, applicant transferred 
its assets to Narragansett Insured Tax-Free Income Fund, based on net 
asset value. Expenses of approximately $107,714 incurred in connection 
with the reorganization were paid by applicant and Aquila Investment 
Management LLC, the manager of the acquiring fund.
    Filing Date: The application was filed on October 22, 2008.
    Applicant's Address: One Regency Plaza, Suite One, Providence, RI 
02903.

Liquid Reserves Portfolio [File No. 811-5813]; Tax Free Reserves 
Portfolio [File No. 811-6118]; U.S. Treasury Reserves Portfolio [File 
No. 811-6277]

    Summary: Each applicant seeks an order declaring that it has ceased 
to be an investment company. On April 16, 2007, each applicant 
transferred its assets to a corresponding series of Master Portfolio 
Trust, based on net asset value. Applicants incurred no expenses in 
connection with the reorganizations.
    Filing Date: The applications were filed on October 30, 2008.
    Applicants' Address: 55 Water St., New York, NY 10041.

MuniHoldings New York Fund, Inc. [File No. 811-21628]; Enhanced 
Government Fund II, Inc. [File No. 811-21830]

    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 Date: The applications were filed on October 14, 2008.
    Applicants' Address: BlackRock, Inc., 800 Scudders Mill Rd., 
Plainsboro, NJ 08536.

[[Page 72533]]

Turnaround Investment Trust [File No. 811-21275]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On February 15, 2008, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Expenses of $38,895 incurred in connection with the liquidation were 
paid by applicant.
    Filing Date: The application was filed on October 14, 2008.
    Applicant's Address: 975 Willagillespie, Suite 200, Eugene, OR 
97401.

Citigroup Alternative Investments Trust [File No. 811-21854]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. On June 6, 
2008 and June 24, 2008, applicant made liquidating distributions to its 
shareholders, based on net asset value. Expenses of approximately 
$342,703 incurred in connection with the liquidation were paid by 
applicant and Citigroup Alternative Investments LLC, applicant's 
investment adviser. Applicant has set aside funds in a liquidating 
trust account to pay approximately $20,000 in outstanding debts and 
liabilities.
    Filing Dates: The application was filed on August 14, 2008, and 
amended on October 24, 2008.
    Applicant's Address: 731 Lexington Ave., 28th Floor, New York, NY 
10022.

Phoenix Multi-Portfolio Fund [File No. 811-5436]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On October 20, 2006, applicant's Phoenix Tax-
Exempt Bond Fund series transferred its assets to a corresponding 
series of Phoenix Insight Funds Trust, based on net asset value. On 
June 27, 2007, applicant's Phoenix Emerging Markets Bond Fund and 
Phoenix Real Estate Securities Fund series transferred their assets to 
corresponding series of Phoenix Opportunities Trust, based on net asset 
value. On September 24, 2007, applicant's Phoenix International 
Strategies Fund transferred its assets to a corresponding series of 
Phoenix Opportunities Trust, based on net asset value. Expenses of 
$27,152 incurred in connection with the reorganization of applicant's 
Phoenix Tax-Exempt Bond Fund series were paid by Phoenix Investment 
Counsel Inc., applicant's investment adviser. Total expenses of 
$160,962 incurred in connection with the reorganization of applicant's 
remaining three series were paid by the acquiring series of Phoenix 
Opportunities Trust.
    Filing Date: The application was filed on September 26, 2008.
    Applicant's Address: 56 Prospect St., PO Box 150480, Hartford, CT 
06115-0480.

StateShares, Inc. [File No. 811-22000]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. Applicant has never made a public offering of 
its securities and does not propose to make a public offering or engage 
in business of any kind.
    Filing Date: The application was filed on October 14, 2008.
    Applicant's Address: 420 Lexington Ave., Suite 2550, New York, NY 
10170.

Western Asset Funds II, Inc. [File No. 811-6088]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On April 16, 2007, applicant transferred its 
assets to corresponding series of Legg Mason Partners Income Trust, 
based on net asset value. Expenses of $32,580 incurred in connection 
with the reorganization were paid by applicant and Legg Mason, Inc., 
the parent company of applicant's investment adviser.
    Filing Date: The application was filed on October 30, 2008.
    Applicant's Address: 55 Water St., New York, NY 10041.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Florence E. Harmon,
Acting Secretary.
[FR Doc. E8-28274 Filed 11-26-08; 8:45 am]
BILLING CODE 8011-01-P