Securities and Exchange Commission 2005 – Federal Register Recent Federal Regulation Documents

Applicant seeks an order declaring that it has ceased to be an investment company. On October 24, 2005, applicant transferred its assets to Munder Internet Fund, a series of Munder Series Trust, based on net asset value. Expenses of $133,000 incurred in connection with the reorganization were paid by applicant and Munder Capital Management, applicant's investment adviser. Filing Dates: The application was filed on November 23, 2005, and amended on December 14, 2005. Applicant's Address: 599 Lexington Ave., New York, NY 10022.

We are adopting amendments to the accelerated filing deadlines that apply to periodic reports so that a ``large accelerated filer'' (an Exchange Act reporting company with a worldwide market value of outstanding voting and non-voting common equity held by non-affiliates of $700 million or more) will become subject to a 60-day Form 10-K annual report filing deadline, beginning with the annual report filed for its first fiscal year ending on or after December 15, 2006. Until then, large accelerated filers will remain subject to a 75-day annual report deadline. Accelerated filers will continue to file their Form 10-K annual reports under a 75-day deadline, with no further reduction scheduled to occur under the revised rules. Accelerated filers and large accelerated filers will continue to file their Form 10-Q quarterly reports under a 40-day deadline, rather than the 35-day deadline that was scheduled to apply next year under the previously existing rules. Further, the amendments revise the definition of the term ``accelerated filer'' to permit an accelerated filer that has voting and non-voting common equity held by non-affiliates of less than $50 million to exit accelerated filer status at the end of the fiscal year in which its equity falls below $50 million and to file its annual report for that year and subsequent periodic reports on a non- accelerated basis. Finally, the amendments permit a large accelerated filer that has voting and non-voting common equity held by non- affiliates of less than $500 million to exit large accelerated filer status at the end of the fiscal year in which its equity falls below $500 million and to file its annual report for that year and subsequent periodic reports as an accelerated filer, or a non-accelerated filer, as appropriate.