[Federal Register Volume 62, Number 180 (Wednesday, September 17, 1997)]
[Notices]
[Page 48910]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-24685]



[[Page 48910]]

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SECURITIES AND EXCHANGE COMMISSION

[Rel. No. IC-22817; File No. 811-4818]


Great American Reserve Variable Annuity Fund; Notice of 
Application

September 11, 1997.
AGENCY: Securities and Exchange Commission (``SEC'' or ``Commission'').

ACTION: Notice of application for an order under Section 8(f) of the 
Investment Company Act of 1940 (``1940 Act'').

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SUMMARY: Applicant seeks an order declaring that is has ceased to be an 
investment company as defined by the 1940 Act.

APPLICANT: Great American Reserve Variable Annuity Fund.

FILING DATES: The application was filed on April 1, 1996, and amended 
and restated on July 8, 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 SEC 
and serving Applicant with a copy of the request, in person or by mail. 
Hearing requests should be received by the SEC by 5:30 p.m. on October 
6, 1997, and should be accompanied by proof of service on Applicant, in 
the form of an affidavit, or, for lawyers, a certificate of service. 
Hearing requests should state the nature of the requester'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 
SEC.

ADDRESSES: Secretary, Securities and Exchange Commission, 450 Fifth 
Street, N.W., Washington, D.C. 20549. Applicant, Great American Reserve 
Variable Annuity Fund, 11815 N. Pennsylvania St., Carmel, Indiana 
46032.

FOR FURTHER INFORMATION CONTACT:
Michael Koffler, Attorney, or Mark Amorosi, 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 SEC, 450 Fifth St., N.W., Washington, D.C. 
20549.

Applicant's Representations

    1. Applicant, a separate account of Great American Reserve 
Insurance Company (``Great American Reserve''), is an open-end, 
diversified management investment company for which a notification of 
registration as an investment company on Form N-8A was filed with the 
Commission on August 29, 1986. Applicant succeeded to the business of 
Voyager Variable Annuity Fund, a separate account established in 1980 
by Voyager Life Insurance Company from whom Great American Reserve 
acquired the assets of Applicant on May 15, 1986. On December 27, 1985, 
Applicant filed a registration statement under the Securities Act of 
1933 on Form N-3 (File No. 33-2458), for individual and group variable 
annuity contracts. The registration statement was declared effective on 
or about May 20, 1986.
    2. The security holders of Applicant, Great American Reserve 
Variable Annuity Account C (``Account C'') and Great American Reserve 
Variable Annuity Account D (``Account D''), at a combined special 
meeting of security holders held on December 14, 1992, approved an 
Agreement and Plan of Reorganization (``Reorganization'') of Applicant, 
Account C and Account D. The Board of Directors of Great American 
Reserve authorized the Reorganization on February 28, 1993.
    3. On May 1, 1993, the effective date of the Reorganization, 
Applicant, Account C and Account D were combined and restructured into 
a single unit investment trust separate account (Account C). The 
security holders of Applicant received an interest in the Common Stock 
Sub-account of Account C in exchange for, and equal in value to, their 
interest in Applicant.
    4. Great American Reserve paid all expenses associated with 
Applicant's merger.
    5. Within the last 18, months, Applicant has not transferred any of 
its assets to a separate trust, the beneficiaries of which were or are 
security holders of the Applicant
    6. Applicant has not assets, no debts or other liabilities, and no 
security holders. Applicant is not a party to any litigation or 
administrative proceeding, and is not engaged and does not propose to 
engage in any business activities other than those necessary for the 
winding up of its affairs.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 97-24685 Filed 9-16-97; 8:45 am]
BILLING CODE 8010-01-M