Notices. SECURITIES AND EXCHANGE COMMISSION

4,695 words·~21 min read·/register/2005/06/03/05-11159·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

BILLING CODE 7905-01-P SECURITIES AND EXCHANGE COMMISSION Submission for OMB Review; Comment Request *Upon Written Request, Copies Available From:* Securities and Exchange Commission, Office of Filings and Information Services, Washington, DC 20549 *Extension:* Rule 482, SEC File No. 270-508, OMB Control No. 3235-0565. Notice is hereby given that pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 *et seq.* ) the Securities and Exchange Commission (“Commission”) has submitted to the Office of Management and Budget (“OMB”) a request for extension of the previously approved collection of information discussed below.

Like most issuers of securities, when an investment company 1 (“fund”) offers its shares to the public, its promotional efforts become subject to the advertising restrictions of the Securities Act of 1933, as amended (the “Securities Act”). In recognition of the particular problems faced by funds that continually offer securities and wish to advertise their securities, the Commission has previously adopted advertising safe harbor rules. The most important of these is rule 482 under the Securities Act, which, under certain circumstances, permits funds to advertise investment performance data, as well as other information.

Rule 482 advertisements are deemed to be “prospectuses” under section 10(b) of the Securities Act. 2 1 “Investment company” refers to both investment companies registered under the Investment Company Act of 1940, as amended, and business development companies. 2 15 U.S.C. 77j(b). Rule 482 contains certain requirements regarding the disclosure that funds are required to provide in qualifying advertisements. These requirements are intended to encourage the provision to investors of information that is balanced and informative, particularly in the area of investment performance.

For example, a fund is required to include disclosure advising investors to consider the fund's investment objectives, risks, charges and expenses, and other information described in the fund's prospectus or accompanying profile (if applicable), and highlighting the availability of the fund's prospectus. In addition, rule 482 advertisements that include performance data of open-end funds or insurance company separate accounts offering variable annuity contracts are required to include certain standardized performance information, information about any sales loads or other nonrecurring fees, and a legend warning that past performance does not guarantee future results.

Such funds including performance information in rule 482 advertisements are also required to make available to investors month-end performance figures via website disclosure or by a toll-free telephone number, and to disclose the availability of the month-end performance data in the advertisement. The rule also sets forth requirements regarding the prominence of certain disclosures, requirements regarding advertisements that make tax representations, requirements regarding advertisements used prior to the effectiveness of the fund's registration statement, requirements regarding the timeliness of performance data, and certain required disclosures by money market funds.

Rule 482 advertisements must be filed with the Commission or, in the alternative, with NASD Regulation, Inc. (“NASDR”). 3 This information collection differs from many other federal information collections that are primarily for the use and benefit of the collecting agency. 3 See Rule 24b-3 under the Investment Company Act [17 CFR 270.24b-3], which provides that any sales material, including rule 482 advertisements, shall be deemed filed with the Commission for purposes of Section 24(b) of the Investment Company Act upon filing with the NASDR.

As discussed above, rule 482 contains requirements that are intended to encourage the provision to investors of information that is balanced and informative, particularly in the area of investment performance. The Commission is concerned that in the absence of such provisions fund investors may be misled by deceptive rule 482 performance advertisements and may rely on less-than-adequate information when determining in which funds they should invest their money. As a result, the Commission believes it is beneficial for funds to provide investors with balanced information in fund advertisements in order to allow investors to make better-informed decisions.

The Commission estimates that 56,936 responses are filed annually pursuant to rule 482 by 4,384 investment companies offering 37,500 portfolios. Respondents consist of all the investment companies that take advantage of the safe harbor offered by the rule for their advertisements. The burden associated with rule 482 is presently estimated to be 5.16 hours per response. The hourly burden is therefore approximately 293,790 hours (56,936 responses times 5.16 hours per response).

The estimate of average burden hours is made solely for the purposes of the Paperwork Reduction Act, and is not derived from a comprehensive or even a representative survey or study of the costs of Commission rules and forms. Cost burden is the cost of services purchased to comply with rule 482, such as for the services of computer programmers, outside counsel, financial printers, and advertising agencies. The Commission attributes no cost burden to rule 482. The provision of information under rule 482 is necessary to obtain the benefits of the safe harbor offered by the rule.

The information provided is not kept confidential. An agency may not conduct or sponsor, and a person is not required to respond to a collection of information unless it displays a currently valid control number. General comments regarding the above information should be directed to the following persons:

(i)Desk Officer for the Securities and Exchange Commission, Office of Information and Regulatory Affairs, Office of Management and Budget, Room 10102, New Executive Office Building, Washington, DC 20503 or e-mail to: *David_Rostker@omb.eop.gov;* and

(ii)R. Corey Booth, Director/Chief Information Officer, Office of Information Technology, Securities and Exchange Commission, 450 Fifth Street, NW., Washington, DC 20549. Comments must be submitted to OMB within 30 days of this notice. Dated: May 27, 2005. Margaret H. McFarland, Deputy Secretary. [FR Doc. E5-2844 Filed 6-2-05; 8:45 am] BILLING CODE 8010-01-P SECURITIES AND EXCHANGE COMMISSION Submission for OMB Review; Comment Request *Upon Written Request, Copies Available From:* Securities and Exchange Commission, Office of Filings and Information Services, Washington, DC 20549 *Extension:* Rule 10f-3, SEC File No. 270-237, OMB Control No. 3235-0226. Notice is hereby given that, pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3501-3520), the Securities and Exchange Commission (“Commission”) has submitted to the Office of Management and Budget (“OMB”) a request for extension and approval of the collections of information discussed below. Section 10(f) of the Investment Company Act of 1940 (the “Act”) prohibits a registered investment company (“fund”) from purchasing any security during an underwriting or selling syndicate if the fund has certain relationships with a principal underwriter for the security. Congress enacted this provision in 1940 to protect funds and their shareholders by preventing underwriters from “dumping” unmarketable securities on affiliated funds. Rule 10f-3 permits a fund to engage in a securities transaction that otherwise would violate section 10(f) if, among other things,

(i)each transaction effected under the rule is reported on Form N-SAR;

(ii)the fund's directors have approved procedures for purchases made in reliance on the rule, regularly review fund purchases to determine whether they comply with these procedures, and approve necessary changes to the procedures; and

(iii)a written record of each transaction effected under the rule is maintained for six years, the first two of which in an easily accessible place. The written record must state

(i)from whom the securities were acquired,

(ii)the identity of the underwriting syndicate's members,

(iii)the terms of the transactions, and

(iv)the information or materials on which the fund's board of directors has determined that the purchases were made in compliance with procedures established by the board. The rule also conditionally allows managed portions of fund portfolios to purchase securities offered in otherwise off-limits primary offerings. To qualify for this exemption, rule 10f-3 requires that the subadviser that is advising the purchaser be contractually prohibited from providing investment advice to any other portion of the fund's portfolio and consulting with any other of the fund's advisers that is a principal underwriter or affiliated person of a principal underwriter concerning the fund's securities transactions. These requirements provide a mechanism for fund boards to oversee compliance with the rule. The required recordkeeping facilitates the Commission staff's review of rule 10f-3 transactions during routine fund inspections and, when necessary, in connection with enforcement actions. The staff estimates that approximately 200 funds engage in a total of approximately 1,000 rule 10f-3 transactions each year. 1 Rule 10f-3 requires that the purchasing fund create a written record of each transaction that includes, among other things, from whom the securities were purchased and the terms of the transaction. The staff estimates 2 that it takes an average fund approximately 30 minutes per transaction and approximately 500 hours 3 in the aggregate to comply with this portion of the rule. 1 These estimates are based on staff extrapolations from earlier data. 2 Unless stated otherwise, the information collection burden estimates contained in this Supporting Statement are based on conversations between the staff and representatives of funds. 3 This estimate is based on the following calculation: (30 minutes × 1,000 = 500 hours). The funds also must maintain and preserve these transactional records in accordance with the rule's recordkeeping requirement, and the staff estimates that it takes a fund approximately 20 minutes per transaction and that annually, in the aggregate, funds spend approximately 333 hours 4 to comply with this portion of the rule. 4 This estimate is based on the following calculations: (20 minutes × 1,000 transactions = 20,000 minutes; 20,000 minutes / 60 = 333 hours). In addition, fund boards must, no less than quarterly, examine each of these transactions to ensure that they comply with the fund's policies and procedures. The information or materials upon which the board relied to come to this determination also must be maintained and the staff estimates that it takes a fund 1 hour per quarter and, in the aggregate, approximately 800 hours 5 annually to comply with this rule requirement. 5 This estimate is based on the following calculation: (1 hour per quarter × 4 quarters × 200 funds = 800 hours). The staff estimates that approximately half of the boards of funds that engage in rule 10f-3 transactions that deem it necessary to revise the fund's written policies and procedures for rule 10f-3 and that complying with this requirement takes each of these funds on average, 25 hours of a compliance attorney's time and, in the aggregate, approximately 2,500 hours 6 annually. 6 This estimate is based on the following calculation: (100 funds × 25 hours = 2,500 hours). The Commission staff estimates that 3,028 portfolios of approximately 2,126 investment companies use the services of one or more subadvisers. Based on discussions with industry representatives, the staff estimates that it will require approximately 6 hours to draft and execute revised subadvisory contracts (5 staff attorney hours, 1 supervisory attorney hour), in order for funds and subadvisers to be able to rely on the exemption in rule 10f-3. The staff assumes that all of these funds amended their advisory contracts when rule 10f-3 was amended in 2002 by conditioning certain exemptions upon such contractual alterations. 7 7 Rules 12d3-1, 10f-3, 17a-10, and 17e-1 require virtually identical modifications to fund advisory contracts. The Commission staff assumes that funds would rely equally on the exemptions in these rules, and therefore the burden hours associated with the required contract modifications should be apportioned equally among the four rules. Based on an analysis of investment company filings, the staff estimates that approximately 200 new funds register annually. Assuming that the number of these funds that will use the services of subadvisers is proportionate to the number of funds that currently use the services of subadvisers, approximately 46 new funds will enter into subadvisory agreements each year. 8 The Commission staff estimates, based on an analysis of investment company filings, that an additional 10 funds, currently in existence, will employ the services of subadvisers for the first time each year. Thus, the staff estimates that a total of 56 funds, with a total of 78 portfolios, 9 will enter into subadvisory agreements each year. Assuming that each of these funds enters into a contract that permits it to rely on the exemption in rule 10f-3, we estimate that the rule's contract modification requirement will result in 117 burden hours annually. 10 8 Approximately 23 percent of funds are advised by subadvisers. 9 Based on existing statistics, we assume that each fund has 1.4 portfolios advised by a subadviser. 10 This estimate is based on the following calculations: (78 portfolios × 6 hours = 468 burden hours for rules 12d3-1, 10f-3, 17a-10, and 17e-1; 468 total burden hours for all of the rules / four rules = 117 annual burden hours per rule). The staff estimates, therefore, that rule 10f-3 imposes an information collection burden of 4,250 hours. 11 This estimate does not include the time spent filing transaction reports on Form N-SAR, which is encompassed in the information collection burden estimate for that form. 11 This estimate is based on the following calculations: (500 hours + 333 hours + 800 hours + 2,500 hours + 117 hours = 4,250 total burden hours). An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a currently valid OMB control number. General comments regarding the above information should be directed to the following persons:

(i)Desk officer for the Securities and Exchange Commission, Office of Information and Regulatory Affairs, Office of Management and Budget, Room 10102, New Executive Office Building, Washington, DC 20503, or e-mail to: *David_Rostker@omb.eop.gov* ; and R. Corey Booth, Director/Chief Information Officer, Office of Information Technology, Securities and Exchange Commission, 450 5th Street, NW., Washington, DC 20549. Comments must be submitted to OMB within 30 days of this notice. Dated: May 27, 2005. Margaret H. McFarland, Deputy Secretary. [FR Doc. E5-2845 Filed 6-2-05; 8:45 am] BILLING CODE 8010-01-P SECURITIES AND EXCHANGE COMMISSION [Release No. IC-26904] Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940 May 27, 2005. The following is a notice of applications for deregistration under section 8(f) of the Investment Company Act of 1940 for the month of May, 2005. A copy of each application may be obtained for a fee at the SEC's Public Reference Branch (tel. 202-551-5850). An order granting each application will be issued unless the SEC orders a hearing. Interested persons may request a hearing on any application by writing to the SEC's Secretary at the address below and serving the relevant applicant with a copy of the request, personally or by mail. Hearing requests should be received by the SEC by 5:30 p.m. on June 22, 2005, and should be accompanied by proof of service on the applicant, in the form of an affidavit or, for lawyers, a certificate of service. Hearing requests should state the nature of the writer's interest, the reason for the request, and the issues contested. Persons who wish to be notified of a hearing may request notification by writing to the Secretary, SEC, 450 Fifth Street, NW., Washington, DC 20549-0609. For Further Information Contact: Diane L. Titus at

(202)551-6810, SEC, Division of Investment Management, Office of Investment Company Regulation, 450 Fifth Street, NW., Washington, DC 20549-0504. California Limited Maturity Municipals Portfolio [File No. 811-7218] Florida Limited Maturity Municipals Portfolio [File No. 811-7220] Massachusetts Limited Maturity Municipals Portfolio [File No. 811-7222] National Limited Maturity Municipals Portfolio [File No. 811-7224] New Jersey Limited Maturity Municipals Portfolio [File No. 811-7226] New York Limited Maturity Municipals Portfolio [File No. 811-7228] Pennsylvania Limited Maturity Municipals Portfolio [File No. 811-7230] Ohio Limited Maturity Municipals Portfolio [File No. 811-7520] Summary: Each applicant seeks an order declaring that it has ceased to be an investment company. On October 8, 2004, each applicant made a liquidating distribution to its shareholders, based on net asset value. Applicants incurred no expenses in connection with the liquidations. Filing Date: The applications were filed on May 12, 2005. Applicants' Address: The Eaton Vance Building, 255 State St., Boston, MA 02109. National Municipals Portfolio [File No. 811-7172] Florida Municipals Portfolio [File No. 811-7182] Massachusetts Municipals Portfolio [File No. 811-7190] New York Municipals Portfolio [File No. 811-7200] Ohio Municipals Portfolio [File No. 811-7204] California Municipals Portfolio [File No. 811-7216] Mississippi Municipals Portfolio [File No. 811-7646] West Virginia Municipals Portfolio [File No. 811-7648] Rhode Island Municipals Portfolio [File No. 811-7650] Summary: Each applicant seeks an order declaring that it has ceased to be an investment company. On October 1, 2004, each applicant made a liquidating distribution to its shareholders, based on net asset value. Applicants incurred no expenses in connection with the liquidations. Filing Date: The applications were filed on May 12, 2005. Applicants' Address: The Eaton Vance Building, 255 State St., Boston, MA 02109. Alabama Municipals Portfolio [File No. 811-7174] Georgia Municipals Portfolio [File No. 811-7184] Kentucky Municipals Portfolio [File No. 811-7186] Maryland Municipals Portfolio [File No. 811-7188] Missouri Municipals Portfolio [File No. 811-7196] North Carolina Municipals Portfolio [File No. 811-7202] Oregon Municipals Portfolio [File No. 811-7206] Tennessee Municipals Portfolio [File No. 811-7210] Virginia Municipals Portfolio [File No. 811-7214] Arkansas Municipals Portfolio [File No. 811-8204] South Carolina Municipals Portfolio [File No. 811-8206] Louisiana Municipals Portfolio [File No. 811-8208] Summary: Each applicant seeks an order declaring that it has ceased to be an investment company. On September 24, 2004, each applicant made a liquidating distribution to its shareholders, based on net asset value. Applicants incurred no expenses in connection with the liquidations. Filing Date: The applications were filed on May 12, 2005. Applicants' Address: The Eaton Vance Building, 255 State St., Boston, MA 02109. State Street Research Institutional Funds [File No. 811-9247] Summary: Applicant seeks an order declaring that it has ceased to be an investment company. By January 10, 2005, each of applicant's series had made a final liquidating distribution to its shareholders, based on net asset value. Expenses of $15,100 incurred in connection with the liquidation were paid by State Street Research & Management Company, applicant's investment adviser. Filing Dates: The application was filed on April 14, 2005, and amended on May 20, 2005. Applicant's Address: One Financial Center, Boston, MA 02111. State Street Research Master Investment Trust [File No. 811-84] State Street Research Capital Trust [File No. 811-3838] State Street Research Exchange Trust [File No. 811-4256] State Street Research Money Market Trust [File No. 811-4295] State Street Research Income Trust [File No. 811-4559] State Street Research Equity Trust [File No. 811-4624] State Street Research Financial Trust [File No. 811-4911] State Street Research Securities Trust [File No. 811-8322] Summary: Each applicant seeks an order declaring that it has ceased to be an investment company. On January 28, 2005, each applicant transferred its assets to a corresponding series of BlackRock Funds, based on net asset value. Expenses of $46,400, $132,100, $42,900, $46,400, $92,700, $135,600, $89,200 and $89,200, respectively, incurred in connection with the reorganizations were paid by SSRM Holdings, Inc., the parent of applicants' investment adviser, and BlackRock, Inc., the parent of the acquiring funds' investment adviser. Filing Dates: The applications were filed on April 14, 2005, and amended on May 20, 2005. Applicants' Address: One Financial Center, Boston, MA 02111. First Investors U.S. Government Plus Fund [File No. 811-4181] Summary: Applicant seeks an order declaring that it has ceased to be an investment company. By December 31, 2004, each of applicant's three series had made a final liquidating distribution to its shareholders, based on net asset value. Applicant incurred no expenses in connection with the liquidation. Filing Date: The application was filed on April 20, 2005. Applicant's Address: 95 Wall St., New York, NY 10005. High Yield Municipals Portfolio [File No. 811-7289] Hawaii Municipals Portfolio [File No. 811-8144] Florida Insured Municipals Portfolio [File No. 811-8146] Kansas Municipals Portfolio [File No. 811-8152] Summary: Each applicant seeks an order declaring that it has ceased to be an investment company. On September 10, 2004, each applicant made a liquidating distribution to its shareholders, based on net asset value. Applicants incurred no expenses in connection with the liquidations. Filing Date: The applications were filed on April 21, 2005. Applicants' Address: The Eaton Vance Building, 255 State St., Boston, MA 02109. Arizona Municipals Portfolio [File No. 811-7176] Colorado Municipals Portfolio [File No. 811-7178] Connecticut Municipals Portfolio [File No. 811-7180] Michigan Municipals Portfolio [File No. 811-7192] Minnesota Municipals Portfolio [File No. 811-7194] New Jersey Municipals Portfolio [File No. 811-7198] Pennsylvania Municipals Portfolio [File No. 811-7208] Summary: Each applicant seeks an order declaring that it has ceased to be an investment company. On September 17, 2004, each applicant made a liquidating distribution to its shareholders, based on net asset value. Applicants incurred no expenses in connection with the liquidations. Filing Date: The applications were filed on April 21, 2005. Applicants' Address: The Eaton Vance Building, 255 State St., Boston, MA 02109. Putnam Municipal Income Fund [File No. 811-5763] Summary: Applicant seeks an order declaring that it has ceased to be an investment company. On March 21, 2005, applicant transferred its assets to a series of Putnam Tax-Free Income Trust, based on net asset value. Expenses of approximately $177,010 incurred in connection with the reorganization were paid by applicant, the acquiring fund and Putnam Investment Management, LLC, applicant's investment adviser. Filing Date: The application was filed on May 11, 2005. Applicant's Address: One Post Office Sq., Boston, MA 02109. The Tax Exempt Bond Portfolio [File No. 811-7848] The New York Tax Exempt Bond Portfolio [File No. 811-8462] Summary: Each applicant seeks an order declaring that it has ceased to be an investment company. On September 1, 2001, each applicant transferred its assets to corresponding series of J.P. Morgan Mutual Fund Select Trust, based on net asset value. All expenses incurred in connection with the reorganizations were paid by J.P. Morgan Chase & Co., applicants' investment adviser. Filing Dates: The applications were filed on April 5, 2005, and amended on May 11, 2005. Applicants' Address: J.P. Morgan Investment Management Inc., 522 Fifth Ave., New York, NY 10036. The Short Term Bond Portfolio [File No. 811-7844] The U.S. Fixed Income Portfolio [File No. 811-7858] The Diversified Portfolio [File No. 811-7860] The U.S. Equity Portfolio [File No. 811-7880] The U.S. Small Company Portfolio [File No. 811-7882] International Equity Portfolio [File No. 811-7884] The Emerging Markets Equity Portfolio [File No. 811-8102] Summary: Each applicant seeks an order declaring that it has ceased to be an investment company. On September 1, 2001, each applicant transferred its assets to a corresponding series of J.P. Morgan Institutional Funds, based on net asset value. All expenses incurred in connection with the reorganizations were paid by J.P. Morgan Chase & Co., applicants' investment adviser. Filing Dates: The applications were filed on April 5, 2005, and amended on May 11, 2005. Applicants' Address: J.P. Morgan Investment Management Inc., 522 Fifth Ave., New York, NY 10036. The Federal Money Market Portfolio [File No. 811-7406] The Tax Exempt Money Market Portfolio [File No. 811-7842] The Prime Money Market Portfolio [File No. 811-7898] Summary: Each applicant seeks an order declaring that it has ceased to be an investment company. On September 1, 2001, each applicant transferred its assets to a corresponding series of J.P. Morgan Mutual Fund Trust, based on net asset value. All expenses incurred in connection with the reorganizations were paid by J.P. Morgan Chase & Co., applicants' investment adviser. Filing Dates: The applications were filed on April 5, 2005, and amended on May 11, 2005. Applicants' Address: J.P. Morgan Investment Management Inc., 522 Fifth Ave., New York, NY 10036. Morgan Stanley Multi-State Municipal Series Trust [File No. 811-6208] Morgan Stanley Latin American Growth Fund [File No. 811-6608] Morgan Stanley Hawaii Municipal Trust [File No. 811-7263] Summary: Each applicant seeks an order declaring that it has ceased to be an investment company. On August 20, 2004, October 22, 2004, and August 20, 2004, respectively, each applicant made a liquidating distribution to its shareholders, based on net asset value. Expenses of $31,100, $39,300 and $14,200, respectively, incurred in connection with the liquidations were paid by Morgan Stanley Investment Advisors Inc., applicants' investment adviser. Filing Dates: The applications were filed on March 14, 2005, and amended on May 6, 2005. Applicants' Address: 1221 Avenue of the Americas, New York, NY 10020. Fremont Mutual Funds, Inc. [File No. 811-5632] Summary: Applicant seeks an order declaring that it has ceased to be an investment company. On January 14, 2005, applicant transferred its assets to corresponding series of Managers Trust I and The Managers Funds, based on net asset value. Expenses of approximately $1,850,000 incurred in connection with the reorganization were paid by Fremont Investment Advisors, Inc., applicant's investment adviser, and The Managers Funds LLC, the acquiring fund's investment adviser. Filing Dates: The application was filed on April 12, 2005, and amended on May 4, 2005. Applicant's Address: 333 Market St., 26th Floor, San Francisco, CA 94105. Lake Forest Funds [File No. 811-8906] Summary: Applicant seeks an order declaring that it has ceased to be an investment company. On November 16, 2004, applicant's Lake Forest Money Market Fund made a liquidating distribution to its shareholders, based on net asset value. On November 22, 2004, applicant's Lake Forest Core Equity Fund transferred its assets to Profit Fund Investment Trust, based on net asset value. Expenses of $52,164 incurred in connection with the liquidation and reorganization were paid by applicant's investment adviser, Profit Investment Management. Filing Dates: The application was filed on March 7, 2005, and amended on April 27, 2005. Applicant's Address: 8720 Georgia Ave., Suite 808, Silver Spring, MD 20910. The Great Hall Unit Investment Trusts Series [File No. 811-7894] Summary: Applicant, a unit investment trust, seeks an order declaring that it has ceased to be an investment company. On April 6, 1999, applicant made a final liquidating distribution to its unitholders, based on net asset value. Applicant incurred no expenses in connection with the liquidation. Filing Dates: The application was filed on March 14, 2005, and amended on May 6, 2005. Applicant's Address: First Trust Portfolios, L.P., 1001 Warrenville Rd., Suite 300, Lisle, IL 60532. Expedition Funds [File No. 811-5900] Summary: Applicant seeks an order declaring that it has ceased to be an investment company. On February 25, 2005, applicant transferred its assets to corresponding series of Goldman Sachs Trust, based on net asset value. Expenses of $269,039 incurred in connection with the reorganization were paid by Compass Asset Management, applicant's investment adviser, and Goldman Sachs Asset Management, L.P., investment adviser to the acquiring fund. Filing Dates: The application was filed on April 8, 2005, and amended on May 13, 2005. Applicant's Address: 101 Federal St., Boston, MA 02110. For the Commission, by the Division of Investment Management, pursuant to delegated authority. Jill M. Peterson, Assistant Secretary. [FR Doc. E5-2861 Filed 6-2-05; 8:45 am] BILLING CODE 8010-01-P SECURITIES AND EXCHANGE COMMISSION Sunshine Act Meeting Notice is hereby given, pursuant to the provisions of the Government in the Sunshine Act, Pub. L. 94-409, that the Securities and Exchange Commission will hold the following meeting during the week of June 6, 2005: A Closed Meeting will be held on Monday, June 6, 2005 at 2 p.m. Commissioners, Counsel to the Commissioners, the Secretary to the Commission, and recording secretaries will attend the Closed Meeting. Certain staff members who have an interest in the matters may also be present. The General Counsel of the Commission, or his designee, has certified that, in his opinion, one or more of the exemptions set forth in 5 U.S.C. 552b(c)(3), (4), (5), (7), (9)(B), and

(10)and 17 CFR 200.402(a)(3), (4), (5), (7), 9(ii) and (10), permit consideration of the scheduled matters at the Closed Meeting. Commissioner Glassman, as duty officer, voted to consider the items listed for the closed meeting in closed session and that no earlier notice thereof was possible. The subject matter of the Closed Meeting scheduled for Monday, June 6, 2005, will be: Formal orders of investigations; Institution and settlement of injunctive actions; Institution and settlement of administrative proceedings of an enforcement nature; and a Regulatory matter concerning a financial institution. At times, changes in Commission priorities require alterations in the scheduling of meeting items. For further information and to ascertain what, if any, matters have been added, deleted or postponed, please contact: The Office of the Secretary at

(202)942-7070. Dated: May 31, 2005. Jonathan G. Katz, Secretary. [FR Doc. 05-11159 Filed 6-1-05; 11:46 am]

Connectionstraces to 4

Traces to 4 documents

U.S. Code

CFR