42612 Federal Register / Vol. 62, No. 152 / Thursday, August 7, 1997 / Notices

1 In late 1990, applicant commenced a voluntary

redemption of all of its publicly-held shares. To

accomplish the voluntary redemption, applicant

received no-action assurance from the SEC’s

Division of Investment Management. See ABD

American Capital Markets Funds, Inc. (pub. avail.

Nov. 16, 1990). Following the voluntary

redemption, ABD Securities Corporation,

applicant’s investment adviser and manager,

retained a minimum number of shares as

applicant’s sole shareholder.

2Although the Board considered whether to

liquidate applicant in 1990, it undertook the

voluntary redemption so as to retain the ability to

take prompt advantage of a change in the German

investment climate for U.S. securities. However,

since a beneficial investment climate for applicant’s

shares has not developed, the Board found that it

was in the best interests of applicant to deregister

under the Act.

application. The complete application

may be obtained for a fee at the SEC’s

Public Reference Branch, 450 Fifth St.,

N.W., Washington, D.C. 20549 (tel. 202–

942–8090).

Applicant’s Representations

1. Applicant is an open-end,

diversified, series management

investment company organized as a

Maryland corporation. On February 27,

1989, applicant filed a Notification of

Registration on Form N–8A pursuant to

section 8(a) of the Act. On the same day,

applicant filed a registration statement

on Form N–1A to register an indefinite

number of shares of common stock

under section 8(b) of the Act and the

Securities Act of 1933. The registration

statement became effective on

September 6, 1989, and the initial

public offering commenced on June 26,

1990. Applicant consists of three series:

ABD Money Market Fund, ABD Fixed

Income Fund, and ABD Common Stock

Fund.1

2. On December 16, 1996, applicant’s

board of directors (the ‘‘Board’’)

approved a plan of liquidaton and

dissolution (‘‘Liquidation Plan’’),2

which provided for the liquidation of

applicant and the distribution of

applicant’s remaining assets to

applicant’s sole shareholder. On

December 18, 1996, applicant’s sole

shareholder approved the Liquidation

Plan by written consent. On December

26, 1996, applicant distributed

$188,956.46 (representing its remaining

asset, the balance of cash on deposit in

a non-interest-bearing account at State

Street Bank and Trust Company) to its

sole shareholder.

3. As of December 26, 1996, there

were 80,000 shares of common stock of

ABD Money Market Fund, and 1,000

shares each of common stock of ABD

Fixed Income Fund and ABD Common

Stock Fund, having an aggregate net

asset value of $113,835.59, $38,640.47,

and $36,480.40, respectively, and a per

share net asset value of $1.42, $38.64,

and $36.48, respectively.

4. Certain expenses were incurred in

connection with the liquidation,

consisting primarily of legal expenses

and miscellaneous accounting and

administrative expenses. These

expenses are expected to total

approximately $20,000 and have been or

will be paid by applicant’s sole

shareholder.

5. As of the date of the application,

applicant had no shareholders, debts,

liabilities, or assets and was not a party

to any litigation or administrative

proceeding. Applicant is not engaged,

nor does it propose to engage, in any

business activities other than those

necessary for the winding-up of its

affairs.

6. On January 17, 1997, applicant

filed Articles of Dissolution with the

Maryland Department of Assessments

and Taxation.

For the Commission, by the Division of

Investment Management, under delegated

authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 97–20830 Filed 8–6–97; 8;45 am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

[Release No. 35–26752]

Filings Under the Public Utility Holding

Company Act of 1935, as Amended

(‘‘Act’’)

August 1, 1997.

Notice is hereby given that the

following filing(s) has/have been made

with the Commission pursuant to

provisions of the Act and rules

promulgated thereunder. All interested

persons are referred to the application(s)

and/or declaration(s) for complete

statements of the proposed

transaction(s) summarized below. The

application(s) and/or declaration(s) and

any amendments thereto is/are available

for public inspection through the

Commission’s Office of Public

Reference.

Interested persons wishing to

comment or request a hearing on the

application(s) and/or declaration(s)

should submit their views in writing by

August 26, 1997, to the Secretary,

Securities and Exchange Commission,

Washington, D.C. 20549, and serve a

copy on the relevant applicant(s) and/or

declarant(s) at the address(es) specified

below. Proof of service (by affidavit or,

in case of an attorney at law, by

certificate) should be filed with the

request. Any request for hearing shall

identify specifically the issues of fact or

law that are disputed. A person who so

requests will be notified of any hearing,

if ordered, and will receive a copy of

any notice or order issued in the matter.

After said date, the application(s) and/

or declaration(s), as filed or as amended,

may be granted and/or permitted to

become effective.

Central Ohio Coal Company, et al. (70–

8611)

Central Ohio Coal Company, Southern

Ohio Coal Company (‘‘SOCCO’’) and

Windsor Coal Company, each located at

1 Riverside Plaza, Columbus, Ohio

25327 and each a wholly owned

nonutility subsidiary of Ohio Power

Company (‘‘Ohio Power’’), a public

utility subsidiary of American Electric

Power Company, Inc., a registered

holding company, have filed a posteffective amendment under section

12(c) of the Act and rules 46 and 54

under the Act pursuant to an

application-declaration filed under

sections 6(a), 7, and 12(c) of the Act and

rule 46 under the Act.

By order dated September 13, 1996

(HCAR No. 26573), SOCCO was

authorized to return excess capital to

Ohio Power through the payment on or

before December 31, 1998 of one or

more dividends on its common stock in

the amount of $68 million. This amount

was expected to be comprised of

approximately $50 million in proceeds

from the sale and leaseback of certain

SOCCO assets and $18 million in

internally generated funds. SOCCO now

requests authority to increase the

amount of dividends it can pay out of

capital surplus from $68 million to

$83,806,814, an increase of $15,806,814.

In accordance with an order of the

Commission dated December 10, 1982

(HCAR No. 22770), Ohio Power may

earn up to a specified rate of return on

its capital contributions to SOCCO.

Applicants state that, if the Commission

authorizes SOCCO to pay the requested

dividends, Ohio Power’s total capital

investment in SOCCO will be reduced

by the amount of such payments. This

reduction in Ohio Power’s capital

surplus investment will remove from

Ohio Power’s cost of coal the return

associated with the portion of its capital

investment repaid.

For the Commission, by the Division of

Investment Management, pursuant to

delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 97–20829 Filed 8–6–97; 8:45 am]

BILLING CODE 8010–01–M