Federal Register / Vol. 75, No. 246 / Thursday, December 23, 2010 / Notices 80865 

Room 10230, New Executive Office 

Building, Washington, DC 20503. 

Charles Mierzwa, 

Clearance Officer. 

[FR Doc. 2010–32302 Filed 12–22–10; 8:45 am] 

BILLING CODE 7905–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. IC–29541] 

Notice of Applications for 

Deregistration Under Section 8(f) of the 

Investment Company Act of 1940 

December 16, 2010. 

The following is a notice of 

applications for deregistration under 

section 8(f) of the Investment Company 

Act of 1940 for the month of December 

2010. A copy of each application may be 

obtained via the Commission’s Web site 

by searching for the file number, or an 

applicant using the Company name box, 

at http://www.sec.gov/search/ 

search.htm or by calling (202) 551– 

8090. 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 

January 11, 2011, 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, U.S. Securities 

and Exchange Commission, 100 F 

Street, NE., Washington, DC 20549– 

1090. 

FOR FURTHER INFORMATION CONTACT: 

Diane L. Titus at (202) 551–6810, SEC, 

Division of Investment Management, 

Office of Investment Company 

Regulation, 100 F Street, NE., 

Washington, DC 20549–4041. 

New Providence Investment Trust [File 

No. 811–8295] 

Summary: Applicant seeks an order 

declaring that it has ceased to be an 

investment company. On February 18, 

2010, applicant transferred its assets to 

The Jacob Wisdom Fund, a series of 

Jacob Funds Inc., based on net asset 

value. Expenses of approximately 

$81,630 incurred in connection with the 

reorganization were paid by Atlanta 

Investment Counsel, LLC and Jacob 

Asset Management of New York, LLC, 

applicant’s investment advisers. 

Filing Dates: The application was 

filed on September 30, 2010, and 

amended on December 1, 2010. 

Applicant’s Address: 116 S. Franklin 

St., Rocky Mount, NC 27804. 

AARP Funds [File No. 811–21825] 

AARP Portfolios [File No. 811–21839] 

Summary: Each applicant seeks an 

order declaring that it has ceased to be 

an investment company. On September 

29, 2010, each applicant made a 

liquidating distribution to its 

shareholders, based on net asset value. 

Expenses of $44,000 and $38,500, 

respectively, incurred in connection 

with the liquidations were paid by 

applicants and AARP Financial Inc., 

applicants’ investment adviser. Each 

applicant has less than $1,000 in 

miscellaneous outstanding expenses 

which will be paid by AARP Financial 

Inc. or its affiliates. 

Filing Date: The applications were 

filed on December 6, 2010. 

Applicants’ Address: 650 F St., NW., 

2nd Floor, Washington, DC 20004. 

Investment Grade Municipal Income 

Fund Inc. [File No. 811–7096] 

Summary: Applicant, a closed-end 

investment company, seeks an order 

declaring that it has ceased to be an 

investment company. Between April 16, 

2010 and April 20, 2010, applicant’s 

outstanding auction preferred shares 

were redeemed in full, with each 

preferred shareholder receiving the 

liquidation preference of $50,000 per 

share plus any accumulated but unpaid 

dividends. On May 10, 2010, applicant 

made a liquidating distribution to its 

common shareholders, based on net 

asset value. Expenses of $263,000 

incurred in connection with the 

liquidation were paid by applicant. 

Filing Date: The application was filed 

on November 15, 2010. 

Applicant’s Address: 1285 Avenue of 

the Americas, 12th Floor, New York, NY 

10019–6028. 

BBH Asian Opportunity Registered 

Fund, LLC [File No. 811–22200] 

Summary: Applicant, a closed-end 

investment company, seeks an order 

declaring that it has ceased to be an 

investment company. Applicant has 

never made a public offering of its 

securities and does not propose to make 

a public offering or engage in business 

of any kind. 

Filing Date: The application was filed 

on November 23, 2010. 

Applicant’s Address: 140 Broadway, 

New York, NY 10005. 

UM Investment Trust [File No. 811– 

21044] 

Summary: Applicant, a closed-end 

investment company, seeks an order 

declaring that it has ceased to be an 

investment company. Applicant has 

never made a public offering of its 

securities and does not propose to make 

a public offering or engage in any 

business activities other than those 

necessary for winding up its affairs. 

Filing Dates: The application was 

filed on October 21, 2010, and amended 

on December 3, 2010. 

Applicant’s Address: 245 Park Ave., 

New York, NY 10167. 

Morgan Stanley Opportunistic 

Municipal High Income Fund [File No. 

811–21857] 

Summary: Applicant, a closed-end 

investment company, seeks an order 

declaring that it has ceased to be an 

investment company. Applicant has 

never made a public offering of its 

securities and does not propose to make 

a public offering or engage in business 

of any kind. 

Filing Dates: The application was 

filed on September 30, 2010, and 

amended on December 3, 2010. 

Applicant’s Address: 522 Fifth Ave., 

New York, NY 10036. 

BlackRock Core Alternatives Portfolio 

LLC [File No. 811–22254] 

BlackRock Core Alternatives TEI 

Portfolio LLC [File No. 811–22364] 

BlackRock Core Alternatives FB 

Portfolio LLC [File No. 811–22365] 

BlackRock Core Alternatives FB TEI 

Portfolio LLC [File No. 811–22366] 

Summary: Each applicant, a closedend investment company, seeks an 

order declaring that it has ceased to be 

an investment company. Applicants 

have never made a public offering of 

their securities and do not propose to 

make a public offering or engage in 

business of any kind. 

Filing Date: The applications were 

filed on December 8, 2010. 

Applicants’ Address: 100 Bellevue 

Parkway, Wilmington, DE 19809. 

Oppenheimer Principal Protected Trust 

[File No. 811–21281] 

Summary: Applicant seeks an order 

declaring that it has ceased to be an 

investment company. On August 26, 

2010, applicant transferred its assets to 

Oppenheimer Main Street Funds, Inc., 

based on net asset value. Expenses of 

approximately $74,707 incurred in 

mstockstill on DSKH9S0YB1PROD with NOTICES

80866 Federal Register / Vol. 75, No. 246 / Thursday, December 23, 2010 / Notices 

connection with the reorganization were 

paid by applicant. 

Filing Date: The application was filed 

on December 2, 2010. 

Applicant’s Address: 

OppenheimerFunds, Inc., 6803 S. 

Tucson Way, Centennial, CO 80112. 

BlackRock California Investment 

Quality Municipal Trust Inc. [File No. 

811–7664] 

Summary: Applicant, a closed-end 

investment company, seeks an order 

declaring that it has ceased to be an 

investment company. By September 30, 

2010, applicant had redeemed all of its 

Series W7 Preferred Shares at their 

liquidation preference plus any accrued 

but unpaid dividends. On September 

30, 2010, applicant made a liquidating 

distribution to its common 

shareholders, based on net asset value. 

Expenses of $25,025 incurred in 

connection with the liquidation were 

paid by applicant. Applicant has 

retained approximately $100,000 in 

cash to pay any contingent liabilities 

recognized after the liquidation date. 

Filing Dates: The application was 

filed on October 5, 2010 and amended 

on December 6, 2010. 

Applicant’s Address: 100 Bellevue 

Parkway, Wilmington, DE 19809. 

T. Rowe Price Tax-Free Intermediate 

Bond Fund, Inc. [File No. 811–7051] 

Summary: Applicant seeks an order 

declaring that it has ceased to be an 

investment company. On November 13, 

2006, applicant transferred its assets to 

T. Rowe Price Summit Municipal 

Funds, Inc., based on net asset value. 

Expenses of approximately $17,940 

incurred in connection with the 

reorganization were paid by applicant, 

the acquiring fund and T. Rowe Price 

Associates, Inc., applicant’s investment 

adviser. 

Filing Dates: The application was 

filed on June 26, 2009, and amended on 

December 2, 2010. 

Applicant’s Address: 100 E. Pratt St., 

Baltimore, MD 21202. 

AFBA 5Star Funds [File No. 811–8035] 

Summary: Applicant seeks an order 

declaring that it has ceased to be an 

investment company. On March 12, 

2010, applicant transferred its assets to 

corresponding series of FBR Funds, 

based on net asset value. Expenses of 

$94,946 incurred in connection with the 

reorganization were paid by AFBA 

Investment Management Company, 

applicant’s investment adviser, and FBR 

Fund Advisers, Inc., investment adviser 

to the acquiring fund. 

Filing Dates: The application was 

filed on September 22, 2010, and 

amended on December 14, 2010. 

Applicant’s Address: 909 N. 

Washington St., Alexandria, VA 22314. 

Liquid Institutional Reserves [File No. 

811–6281] 

Summary: Applicant seeks an order 

declaring that it has ceased to be an 

investment company. On April 22, 

2004, applicant made a liquidating 

distribution to its shareholders, based 

on net asset value. Expenses of $6,560 

incurred in connection with the 

liquidation were paid by UBS Global 

Asset Management (Americas) Inc., an 

affiliate of applicant’s investment 

adviser. 

Filing Date: The application was filed 

on December 9, 2010. 

Applicant’s Address: c/o UBS Global 

Asset Management, Attn: Keith A. 

Weller, 1285 Avenue of the Americas, 

12th Floor, New York, NY 10019. 

For the Commission, by the Division of 

Investment Management, pursuant to 

delegated authority. 

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. 2010–32287 Filed 12–22–10; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–63573; File No. 4–622] 

Credit Rating Standardization Study 

AGENCY: Securities and Exchange 

Commission. 

ACTION: Request for comment. 

SUMMARY: The Securities and Exchange 

Commission is requesting public 

comment to help inform its study 

pursuant to Section 939(h) of the DoddFrank Wall Street Reform and Consumer 

Protection Act of 2010 on the feasibility 

and desirability of: Standardizing credit 

ratings terminology, so that all credit 

rating agencies issue credit ratings using 

identical terms; standardizing the 

market stress conditions under which 

ratings are evaluated; requiring a 

quantitative correspondence between 

credit ratings and a range of default 

probabilities and loss expectations 

under standardized conditions of 

economic stress; and standardizing 

credit rating terminology across asset 

classes, so that named ratings 

correspond to a standard range of 

default probabilities and expected losses 

independent of asset class and issuing 

entity. 

DATES: The Commission will accept 

comments regarding issues related to 

the study on or before February 7, 2011. 

ADDRESSES: Comments may be 

submitted by any of the following 

methods: 

Electronic Comments 

• Use the Commission’s Internet 

comment form (http://www.sec.gov/ 

rules/other.shtml); or 

• Send an e-mail to rulecomments@sec.gov. Please include File 

Number 4–622 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Elizabeth M. Murphy, Secretary, 

Securities and Exchange Commission, 

100 F Street, NE., Washington, DC 

20549–1090. 

All submissions should refer to File 

Number 4–622. This file number should 

be included on the subject line if e-mail 

is used. To help us process and review 

your comments more efficiently, please 

use only one method. The Commission 

will post all comments on the 

Commission’s Internet Web site (http:// 

www.sec.gov). Comments are also 

available for Web site viewing and 

printing in the Commission’s Public 

Reference Room, 100 F Street, NE., 

Washington, DC 20549, on official 

business days between the hours of 10 

a.m. and 3 p.m. All comments received 

will be posted without change; we do 

not edit personal identifying 

information from submissions. You 

should submit only information that 

you wish to make available publicly. 

FOR FURTHER INFORMATION CONTACT: 

Randall W. Roy, Assistant Director, 

Division of Trading and Markets, at 

(202) 551–5522; Alan A. Dunetz, Branch 

Chief, Division of Trading and Markets, 

at (212) 336–0072; Kevin S. Davey, 

Securities Compliance Examiner, at 

(212) 336–0075; Kristin A. Devitto, 

Securities Compliance Examiner, at 

(212) 336–0038; Mark M. Attar, Branch 

Chief, Division of Trading and Markets, 

at (202) 551–5889; or Raymond A. 

Lombardo, Branch Chief, Division of 

Trading and Markets, at (202) 551–5755, 

Securities and Exchange Commission, 

100 F Street, NE., Washington, DC 

20549–7010. 

Discussion: 

On July 21, 2010, President Obama 

signed the Dodd-Frank Wall Street 

Reform and Consumer Protection Act of 

2010 (the ‘‘Dodd-Frank Act’’) into law. 

Under Section 939(h) of the Dodd-Frank 

Act, the Securities and Exchange 

Commission (the ‘‘Commission’’) is 

required to study the feasibility and 

desirability of: (A) Standardizing credit 

mstockstill on DSKH9S0YB1PROD with NOTICES