Securities and Exchange Commission May 3, 2007 – Federal Register Recent Federal Regulation Documents

Applicant seeks an order declaring that it has ceased to be an investment company. By April 25, 1997, applicant had transferred all of its assets to HighMark Funds, based on net asset value. Expenses of $27,400 incurred in connection with the reorganization were paid by Union Bank of California, N.A., the acquiring fund's investment adviser. Filing Dates: The application was filed on January 31, 2003, and amended on April 11, 2007, and April 20, 2007. Applicant's Address: 2 Oliver St., Boston, MA 02109.