Securities and Exchange Commission February 3, 2005 – Federal Register Recent Federal Regulation Documents

Applicant seeks an order declaring that it has ceased to be an investment company. On September 29, 2004, applicant transferred its assets to corresponding series of Federated Municipal Securities Income Trust and Goldman Sachs Trust, based on net asset value. Expenses of $71,914 incurred in connection with the reorganization were paid by CB Capital Management, Inc., applicant's investment adviser. Filing Date: The application was filed on January 6, 2005. Applicant's Address: Federated Investors Tower, 1001 Liberty Ave., Pittsburgh, PA 15222-3779.