Federal Register / Vol. 72, No. 90 / Thursday, May 10, 2007 / Notices 26657 

1All existing entities that currently intend to rely 

on the order are named as applicants. If the name 

of any Fund contains the name of a Money Manager 

(as defined below), the name of the Adviser, or the 

name of the entity controlling, controlled by, or 

under common control with the Adviser that serves 

as the primary adviser to the Fund will precede the 

name of the Money Manager. 

Dated: May 7, 2007. 

R. Michelle Schroll, 

Office of the Secretary. 

[FR Doc. 07–2336 Filed 5–8–07; 12:46 pm] 

BILLING CODE 7590–01–P 

RAILROAD RETIREMENT BOARD 

Proposed Collection, Comment 

Request 

SUMMARY: In accordance with the 

requirement of Section 3506 (c)(2)(A) of 

the Paperwork Reduction Act of 1995 

which provides opportunity for public 

comment on new or revised data 

collections, the Railroad Retirement 

Board will publish periodic summaries 

of proposed data collections. 

Comments are invited on: (a) Whether 

the proposed information collection is 

necessary for the proper performance of 

the functions of the agency, including 

whether the information has practical 

utility; (b) the accuracy of the RRB’s 

estimate of the burden of the collection 

of the information; (c) ways to enhance 

the quality, utility, and clarity of the 

information to be collected; and (d) 

ways to minimize the burden related to 

the collection of information on 

respondents, including the use of 

automated collection techniques or 

other forms of information technology. 

Title and Purpose of information 

collection: Designation of Contact 

Officials; 3220–0200. 

Coordination between railroad 

employers and the RRB is essential to 

properly administer the payment of 

benefits under the Railroad Retirement 

Act (RRA) and the Railroad 

Unemployment Insurance Act (RUIA). 

In order to enhance timely coordination 

activity, the RRB utilizes Form G–117a, 

Designation of Contact Officials. Form 

G–117a is used by railroad employers to 

designate employees who are to act as 

point of contact with the RRB on a 

variety of RRA and RUIA-related 

matters. 

The RRB estimates that about 100 G–

117a’s will be submitted annually. 

Completion is voluntary. One response 

is requested from each respondent. 

Completion time is estimated at 15 

minutes. No changes are proposed to 

Form G–117a. 

Additional Information or Comments: 

To request more information or to 

obtain a copy of the information 

collection justification, forms, and/or 

supporting material, please call the RRB 

Clearance Officer at (312) 751–3363 or 

send an E-mail request to 

Charles.Mierzwa@RRB.GOV. Comments 

regarding the information collection 

should be addressed to Ronald J. 

Hodapp, Railroad Retirement Board, 844 

N. Rush Street, Chicago, Illinois 60611–

2092 or send an E-mail to 

Ronald.Hodapp@RRB.GOV. Written 

comments should be received within 60 

days of this notice. 

Charles Mierzwa, 

Clearance Officer. 

[FR Doc. E7–8949 Filed 5–9–07; 8:45 am] 

BILLING CODE 7905–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Investment Company Act Release No. 

27818; 812–13268] 

First American Investment Funds, Inc., 

et al.; Notice of Application 

May 4, 2007. 

AGENCY: Securities and Exchange 

Commission (‘‘Commission’’). 

ACTION: Notice of an application for an 

order under section 6(c) of the 

Investment Company Act of 1940 

(‘‘Act’’) for an exemption from section 

15(a) of the Act and rule 18f–2 under 

the Act, as well as from certain 

disclosure requirements. 

SUMMARY OF THE APPLICATION: 

Applicants request an order that would 

permit them to enter into and materially 

amend subadvisory agreements without 

shareholder approval and would grant 

relief from certain disclosure 

requirements. 

APPLICANTS: First American Investment 

Funds, Inc. (‘‘FAIF’’) and FAF Advisors, 

Inc. (‘‘Adviser’’). 

FILING DATES: The application was filed 

on March 8, 2006, and amended on May 

1, 2007. 

HEARING OR NOTIFICATION OF HEARING: An 

order granting the application will be 

issued unless the Commission orders a 

hearing. Interested persons may request 

a hearing by writing to the 

Commission’s Secretary and serving 

applicants with a copy of the request, 

personally or by mail. Hearing requests 

should be received by the Commission 

by 5:30 p.m. on May 29, 2007 and 

should be accompanied by proof of 

service on applicants, 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 by 

writing to the Commission’s Secretary. 

ADDRESSES: Secretary, U.S. Securities 

and Exchange Commission, 100 F 

Street, NE., Washington, DC 20549–

1090. Applicants, 800 Nicollet Mall, 

Minneapolis, MN 55402. 

FOR FURTHER INFORMATION CONTACT: 

Lewis B. Reich, Senior Counsel, at (202) 

551–6919, or Julia Kim Gilmer, Branch 

Chief, at (202) 551–6871 (Office of 

Investment Company Regulation, 

Division of Investment Management). 

SUPPLEMENTARY INFORMATION: The 

following is a summary of the 

application. The complete application 

may be obtained for a fee at the 

Commission’s Public Reference Branch, 

100 F Street, NE., Washington, DC 

20549–0102 (telephone (202) 551–5850). 

Applicants’ Representations 

1. FAIF is organized as a Maryland 

corporation and is registered under the 

Act as an open-end management 

investment company. FAIF currently 

offers its shares in 39 series, each with 

its own investment objectives, 

restrictions and policies. Two of these 

series, the International Fund and the 

International Select Fund (collectively, 

the ‘‘International Funds’’) will operate 

under a manager of managers structure. 

Applicants also request relief for any 

other existing or future series of FAIF 

that is advised by the Adviser or by an 

entity that controls, is controlled by, or 

is under common control with the 

Adviser, uses the manager of managers 

investment management approach, and 

complies with the terms and conditions 

of the application (such series, together 

with the International Funds, the 

‘‘Funds’’).1

2. The Adviser is registered as an 

investment adviser under the 

Investment Advisers Act of 1940 (the 

‘‘Advisers Act’’) and serves as 

investment adviser to the International 

Funds pursuant to an investment 

advisory agreement (‘‘Advisory 

Agreement’’) with each Fund. The 

Advisory Agreement between the 

Adviser and FAIF, acting on behalf of 

the International Funds, was approved 

by the shareholders of the International 

Fund and the initial shareholder of the 

International Select Fund and by the 

Board of each International Fund, 

including a majority of the directors 

who are not ‘‘interested persons’’ as 

defined in section 2(a)(19) of the Act 

(‘‘Independent Directors’’), of the 

International Funds. 

3. Under the terms of the Advisory 

Agreements, the Adviser will provide 


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