Securities and Exchange Commission 2006 – Federal Register Recent Federal Regulation Documents

The Commodity Futures Trading Commission (``CFTC'') and the Securities and Exchange Commission (``SEC'') (together, the ``Commissions'') are proposing to adopt a new rule and to amend an existing rule under the Commodity Exchange Act (``CEA'') and to adopt two new rules under the Securities Exchange Act of 1934 (``Exchange Act''). These proposed rules and rule amendments would exclude from the definition of ``narrow-based security index'' debt securities indexes that satisfy specified criteria. A future on a debt securities index that is excluded from the definition of ``narrow-based security index'' would not be a security future and could trade subject to the exclusive jurisdiction of the CFTC. In addition, the proposed rules would expand the statutory listing standards requirements to permit security futures to be based on debt securities, including narrow-based security indexes composed of debt securities.

Applicant seeks an order declaring that it has ceased to be an investment company. On June 10, 2005, applicant transferred its assets to Timothy Plan Large/Mid-Cap Growth Fund, a series of the Timothy Plan, based on net asset value. Expenses of $15,525 incurred in connection with the reorganization were paid by Polestar Management Company, Inc., applicant's investment adviser. Filing Date: The application was filed on March 13, 2006. Applicant's Address: 975 Delchester Rd., Newton Square, PA 19073.

The Securities and Exchange Commission (``Commission'' or ``SEC'') is making technical amendments to Form ADV under the Investment Advisers Act of 1940 (``Advisers Act''). Form ADV is the form advisers use to register with the Commission and the state securities regulatory authorities. The Commission is also making technical amendments to Form ADV-W, Form ADV-H, and Form ADV-E.