Securities and Exchange Commission April 4, 2014 – Federal Register Recent Federal Regulation Documents

Summary of Application: The Substitution Applicants seek an order pursuant to Section 26(c) of the 1940 Act, approving the substitution of certain shares of the Trust for shares of other registered investment companies unaffiliated with the Substitution Applicants (the ``Substitutions'') each of which is currently used as an underlying investment option for certain variable annuity contracts (collectively, the ``Contracts''). The Section 17 Applicants seek an order pursuant to Section 17(b) of the 1940 Act exempting them from Section 17(a) of the Act to the extent necessary to permit them to engage in certain in-kind transactions (``In-Kind Transfers'') in connection with the Substitutions.