Federal Register / Vol. 62, No. 21 / Friday, January 31, 1997 / Notices 4821

functions of the agency, including

whether the information will have

practical utility;

(2) Evaluate the accuracy of the

estimate of the burden of the proposed

collection of information, including the

validity of the methodology and

assumptions used;

(3) Enhance the quality, utility, and

clarity of the information to be

collected; and

(4) Minimize the burden of the

collection of information on those who

are to respond, including through the

use of appropriate automated,

electronic, mechanical, or other

technological collection techniques or

other forms of information technology.

Issued at Washington, DC, this 27th day of

January, 1997.

Martin Slate,

Executive Director, Pension Benefit Guaranty

Corporation.

[FR Doc. 97–2405 Filed 1–30–97; 8:45 am]

BILLING CODE 7708–01–P

SECURITIES AND EXCHANGE

COMMISSION

Issuer Delisting; Notice of Application

to Withdraw From Listing and

Registration; (Burlington Industries,

Inc., Common Stock, $.01 Par Value)

File No. 1–10984

January 27, 1997.

Burlington Industries, Inc.

(‘‘Company’’) has filed an application

with the Securities and Exchange

Commission (‘‘Commission’’), pursuant

to Section 12(d) of the Securities

Exchange Act of 1934 (‘‘Act’’) and Rule

12d2–2(d) promulgated thereunder, to

withdraw the above specified security

(‘‘Security’’) from listing and

registration on the Pacific Stock

Exchange, Inc. (‘‘PSE’’).

The reasons alleged in the application

for withdrawing the Security from

listing and registration on the PSE are

that trading volume for the security is

low and the Company wishes to reduce

the cost and management time involved

in such listing. The security will

continue to be listed on the New York

Stock Exchange, Inc.

Any interested person may, on or

before February 18, 1997, submit by

letter to the Secretary of the Securities

and Exchange Commission, 450 Fifth

Street, N.W., Washington, D.C. 20549,

facts bearing upon whether the

application has been made in

accordance with the rules of the

exchanges and what terms, if any,

should be imposed by the Commission

for the protection of investors. The

Commission, based on the information

submitted to it, will issue an order

granting the application after the date

mentioned above, unless the

Commission determines to order a

hearing on the matter.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.

Jonathan G. Katz,

Secretary.

[FR Doc. 97–2357 Filed 1–30–97; 8:45 am]

BILLING CODE 8010–01–M

[Rel. No IC–22479; File No. 812–10390]

Nationwide Life Insurance Company, et

al.

January 24, 1997.

AGENCY: The Securities and Exchange

Commission (the ‘‘Commission’’).

ACTION: Notice of application for an

order pursuant to the Investment

Company Act of 1940 (‘‘1940 Act’’).

APPLICANTS: Nationwide Life Insurance

Company (the ‘‘Company’’), Nationwide

Fidelity Advisor Variable Account

(‘‘Separate Account’’) and Fidelity

Investments Institutional Services

Company, Inc.

RELEVANT 1940 ACT SECTIONS: Order

requested pursuant to Section 26(b).

SUMMARY OF THE APPLICATION:

Applicants seek an order approving the

proposed substitution of shares of

certain portfolios of the Variable

Insurance Products Funds (‘‘VIP’’) and

the Variable Insurance Products Funds

II (‘‘VIP II’’) for shares of certain funds

of the Fidelity Advisor Annuity Fund

(‘‘FAA’’) currently held by the Separate

Account.

FILING DATES: The application was filed

on October 10, 1996, and amended on

January 17, 1997.

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 Secretary of

the Commission 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 February 18, 1997, 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 requestor’s interest, the reason for

the request, and the issues contested.

Persons may request notification of a

hearing by writing to the Secretary of

the Commission.

ADDRESSES: Secretary, Securities and

Exchange Commission, 450 Fifth Street,

N.W., Washington, D.C. 20549.

Applicants, c/o Steven Savini, Druen,

Rath & Dietrich, One Nationwide Plaza,

1–09–V8, Columbus, Ohio 43216.

FOR FURTHER INFORMATION CONTACT:

Veena K. Jain, Attorney, or Kevin M.

Kirchoff, Branch Chief, Office of

Insurance Products (Division of

Investment Management), at (202) 942–

0670.

SUPPLEMENTARY INFORMATION: Following

is a summary of the application; the

complete application is available for a

fee from the Public Reference Branch of

the Commission.

Applicants’ Representations

1. The Company, a stock life

insurance company organized under

Ohio law, is wholly owned by

Nationwide Corporation and is licensed

to do business in all fifty states, the

District of Columbia, and Puerto Rico.

2. The Separate Account was

established by the Company to fund

certain variable annuity contracts and is

registered pursuant to the 1940 Act as

a unit investment trust.

3. The Separate Account issues two

classes of contracts, individual flexible

purchase payment deferred variable

annuity contracts (‘‘Flexible Contracts’’)

and modified single premium deferred

variable annuity contracts (‘‘Modified

Contracts,’’ together with Flexible

Contracts, the ‘‘Contracts’’).

4. The Contracts are sold as nonqualified contracts or as individual

retirement annuities governed by

Section 408(b) of the Internal Revenue

Code (‘‘Code’’). The Flexible Contracts

may also qualify for federal tax

treatment under the provisions of

Sections 401 or 403(b) of the Code. For

Flexible Contracts the initial purchase

payment must be at least $1,500, and

subsequent payments may be made in

any amount of $10 or more. For

Modified Contracts the initial purchase

payment must be at least $15,000 with

additional payments, if any, of at least

$5,000.

5. Upon withdrawal of part of all of

the Contract value, a contingent

deferred sales charge (the ‘‘Sales

Charge’’) may be imposed. The Sales

Charge is calculated by multiplying the

applicable percentage by the purchase

payment amount withdraw, according

to the following table:

Number of years from date of

payment

Sales

charge

percentage

0 .................................................... 7

1 .................................................... 6

2 .................................................... 5

3 .................................................... 4