Federal Register / Vol. 62, No. 225 / Friday, November 21, 1997 / Notices 62365

required to bring the process facilities in

compliance with the descriptions

provided in SAR Chapter 3. One of the

upgrades involves the identification of

Structures, Systems and Components

(SSCs) and associated support systems

required to meet the nuclear criticality

safety (NCS) double contingency

principle. These SSCs are also referred

to as AQ–NCS SSCs. By March 3, 1997,

USEC was required by Issue 23 of the

Compliance Plan (DOE/ORO–2027/R3)

submitted as part of their certificate

application, to identify and delineate

AQ–NCS SSCs and their associated

support systems. According to USEC,

this action has been completed. A

commitment made in SAR Section

3.9.10 entitled ‘‘Identification of

Nuclear Criticality Safety SSCs,’’

requires USEC to follow-up by revising

TSR 3.11.1, to reflect identification of

AQ–NCS SSCs and their associated

support systems. As such, USEC has

proposed to add a new fourth bullet to

TSR 3.11.1 to state that the NCS

program will address the identification

of SSCs and support systems necessary

to meet the double contingency

principle.

Basis for Finding of No Significance

1. The proposed amendment will not

result in a change in the types or

significant increase in the amounts of

any effluents that may be released

offsite.

This amendment adds an additional

TSR commitment related to the PORTS

NCS program by requiring identification

of SSCs and support systems necessary

to meet the double contingency

principle. As such, it will not result in

a significant change in the types or

significant increase in the amounts of

any effluents that may be released

offsite.

2. The proposed amendment will not

result in a significant increase in

individual or cumulative occupational

radiation exposure.

This amendment adds an additional

TSR commitment related to the PORTS

NCS program by requiring identification

of SSCs and support systems necessary

to meet the double contingency

principle. As such, it will not result in

a significant increase in individual or

cumulative occupational radiation

exposures.

3. The proposed amendment will not

result in a significant construction

impact.

The proposed amendment does not

involve any construction, therefore,

there will be no construction impacts.

4. The proposed amendment will not

result in a significant increase in the

potential for, or radiological or chemical

consequences from, previously analyzed

accidents.

This amendment adds an additional

TSR commitment related to the PORTS

NCS program by requiring identification

of SSCs and support systems necessary

to meet the double contingency

principle. As such, it will not

significantly increase the potential for,

or radiological or chemical

consequences from, previously analyzed

accidents.

5. The proposed amendment will not

result in the possibility of a new or

different kind of accident.

This amendment adds an additional

TSR commitment related to the PORTS

NCS program by requiring identification

of SSCs and support systems necessary

to meet the double contingency

principle. As such, it will not result in

new or different kinds of accidents.

6. The proposed amendment will not

result in a significant reduction in any

margin of safety.

This amendment adds an additional

TSR commitment related to the PORTS

NCS program by requiring identification

of SSCs and support systems necessary

to meet the double contingency

principle. As such, there will not be a

significant reduction of any margin of

safety. On the contrary, this amendment

may constitute an increase in the NCS

margin of safety.

7. The proposed amendment will not

result in an overall decrease in the

effectiveness of the plant’s safety,

safeguards, or security programs.

This amendment adds an additional

TSR commitment related to the PORTS

NCS program by requiring identification

of SSCs and support systems necessary

to meet the double contingency

principle. As such, it will not result in

an overall decrease in the effectiveness

of the plant’s safety program. On the

contrary, this amendment may increase

the effectiveness of the plant’s NCS

program.

The staff has not identified any

safeguards or security related

implications from the proposed

amendment. Therefore, the proposed

amendment will not result in an overall

decrease in the effectiveness of the

plant’s safeguards, or security programs.

Effective date: The amendment to

GDP–2 will become effective

immediately after issuance by NRC.

Certificate of Compliance No. GDP–2:

Amendment will revise the Technical

Safety Requirements.

Local Public Document Room

location: Portsmouth Public Library,

1220 Gallia Street, Portsmouth, Ohio

45662.

Dated at Rockville, Maryland, this 12th day

of November 1997.

For the Nuclear Regulatory Commission.

Carl J. Paperiello,

Director, Office of Nuclear Material Safety

and Safeguards.

[FR Doc. 97–30619 Filed 11–20–97; 8:45 am]

BILLING CODE 7590–01–P

NUCLEAR WASTE TECHNICAL

REVIEW BOARD

Panel Meeting: December 17, 1997—

Augusta, Georgia: DOE-Owned Spent

Fuel, Spent Naval Fuel, Treatment and

Disposal of Aluminum-Clad Fuel,

Defense Waste Processing, Defense

Waste and Surplus Plutonium Disposal

Pursuant to its authority under

section 5051 of Pub. L. 100–203, the

Nuclear Waste Policy Amendments Act

of 1987, the Nuclear Waste Technical

Review Board’s Panel on the Repository

will hold a meeting December 17, 1997,

beginning at 8:30 a.m. The meeting,

which is open to the public, will focus

on Department of Energy (DOE)-owned

spent nuclear fuel, spent naval fuel,

defense waste processing, and defense

waste and surplus plutonium disposal.

Representatives of the DOE and the

U.S. Navy have been invited to make

presentations, including introductions

to DOE-owned spent fuel, naval spent

fuel, and aluminum-clad, highly

enriched uranium (HEU) spent fuel.

Disposal of aluminum-clad HEU spent

fuel will be covered, including package

design, criticality analyses, and

treatment options. Representatives of

the Savannah River facility will talk

about the work done there, including

defense high-level waste processing and

disposition. Other presentations will

cover the characteristics and disposal of

vitrified high-level defense waste, and

the immobilization and disposal of

surplus weapons-grade plutonium. A

detailed agenda will be available

approximately two weeks prior to the

meeting by fax or email, or on the

Board’s web site at www.nwtrb.gov.

The meeting will be held at the

Radisson Riverfront Hotel, Two 10th

Street, Augusta, Georgia 30901; Tel

(706) 722–8900; Fax (706) 823–6513.

Reservations for accommodations must

be made by December 8, 1997, and you

must indicate that you are attending the

Nuclear Waste Technical Review

Board’s panel meeting to receive the

preferred rate.

Time has been set aside on the agenda

for comments and questions from the

public. Those wishing to speak are

encouraged to sign the Public Comment

Register at the check-in table. A time

limit may have to be set on the length

of individual remarks; however, written
62366 Federal Register / Vol. 62, No. 225 / Friday, November 21, 1997 / Notices

comments of any length may be

submitted for the record.

Transcripts of this meeting will be

available on computer disk, via e-mail,

or on a library-loan basis in paper

format from Davonya Barnes, Board

staff, beginning January 13, 1998. For

further information, contact Frank

Randall, External Affairs, 2300

Clarendon Blvd., Suite 1300, Arlington,

Virginia 22201–3367; (Tel) 703–235–

4473; (Fax) 703–235–4495; (E-mail)

info@nwtrb.gov.

The Nuclear Waste Technical Review

Board was created by Congress in the

Nuclear Waste Policy Amendments Act

of 1987 to evaluate the technical and

scientific validity of activities

undertaken by the DOE in its program

to manage the disposal of the nation’s

high-level radioactive waste and

commercial spent nuclear fuel. In that

same legislation, Congress directed the

DOE to characterize a site at Yucca

Mountain, Nevada, for its suitability as

a potential location for a permanent

repository for the disposal of that waste.

Dated: November 18, 1997.

William Barnard,

Executive Director, Nuclear Waste Technical

Review Board.

[FR Doc. 97–30621 Filed 11–20–97; 8:45 am]

BILLING CODE 6820–AM–M

RAILROAD RETIREMENT BOARD

Sunshine Act Meeting

Notice was previously published at 62

FR 61153 on November 14, 1997, that

the Railroad Retirement Board would

hold a meeting on November 19, 1997,

9:00 a.m., at the Board’s meeting room

on the 8th floor of its headquarters

building, 844 North Rush Street,

Chicago, Illinois, 60611. This meeting

has been canceled.

Date: November 18, 1997.

Beatrice Ezerski,

Secretary to the Board.

[FR Doc. 97–30770 Filed 11–19–97; 10:52

am]

BILLING CODE 7905–01–M

SECURITIES AND EXCHANGE

COMMISSION

[Rel. No. IC–22888; File No. 812–10740]

The Guardian Insurance & Annuity

Company, Inc., et al.; Notice of

Application

November 14, 1997.

AGENCY: The Securities and Exchange

Commission (‘‘Commission’’).

ACTION: Notice of application for an

order under section 6(c) of the

Investment Company Act of 1940 (the

‘‘Act’’) granting relief from rule 6e–

2(c)(1) and from certain provisions of

the Act and rules thereunder specified

in paragraph (b) of rule 6e–2; and from

sections 2(a)(32) and 27(i)(2)(A) of the

Act and rules 6e–2(b)(12) and 22c–1

thereunder.

SUMMARY OF APPLICATION: Applicants

seek exemptive relief to the extent

necessary: (1) to permit them to offer

and sell certain variable whole life

insurance policies with modified

scheduled premiums (‘‘Policies’’); and

(2) to permit certain other persons

which may become the principal

underwriter for such Policies (‘‘Future

Underwriters’’) to offer and sell such

Policies.

APPLICANTS: The Guardian Insurance &

Annuity Company, Inc. (‘‘GIAC’’), The

Guardian Separate Account K

(‘‘Separate Account’’), and Guardian

Investor Services Corporation (‘‘GISC’’).

FILING DATES: The application was filed

on July 28, 1997, and amended and

restated on October 20, 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 December 9, 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 writer’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,

NW., Washington, DC 20549.

Applicants, c/o Richard T. Potter, Jr.,

Esq., The Guardian Insurance & Annuity

Company, Inc., 201 Park Avenue, South,

New York, New York 10003.

FOR FURTHER INFORMATION CONTACT:

Ethan D. Corey, Senior Counsel, at (202)

942–0675, or Kevin M. Kirchoff, Branch

Chief, at (202) 942–0672, Office of

Insurance Products, Division of

Investment Management.

SUPPLEMENTARY INFORMATION: Following

is a summary of the application; the

complete application may be obtained

for a fee from the Public Reference

Branch of the Commission, 450 5th

Street, NW., Washington, DC 20549 (tel.

(202) 942–8090).

Applicants’ Representations

1. GIAC, a Delaware stock life

insurance company, is a wholly-owned

subsidiary of The Guardian Life

Insurance Company of America.

2. GIAC established the Separate

Account under Delaware insurance law

to serve as a funding vehicle for certain

variable life insurance products. The

Separate Account is registered under the

Act as a unit investment trust. The

Separate Account currently has eight

investment divisions, each of which

invests in shares of a corresponding

mutual fund registered under the Act as

an open-end diversified management

investment company.

3. GISC, a wholly-owned subsidiary of

GIAC, will act as the principal

underwriter for the policies. GISC is

registered with the Commission as a

broker-dealer under the Securities

Exchange Act of 1934 and is a member

of the National Association of Securities

Dealers, Inc. (the ‘‘NASD’’).

4. Those premium amounts set forth

in each Policy which must be paid to

obtain the benefits provided by the

Policy exclusive of the additional

benefit riders (‘‘Basic Scheduled

Premiums’’) plus rating charges for

those insureds that do not satisfy

(GIAC’s underwriting requirements for

standard issuance, and premiums for

insurance benefits that the Policy owner

may add as riders to the Policy

(collectively, ‘‘Policy Premium

Assessments’’) are payable until the

Policy anniversary nearest the insured’s

100th birthday. If all Basic Scheduled

Premiums and Policy Premium

Assessments (collectively, ‘‘Policy

Premiums’’) are paid when due or

skipped under the premium skip option

(described below), the Policy will not

lapse and will retain its minimum death

benefit guarantee until the Policy

anniversary nearest the insured’s 100th

birthday, so long as no partial

withdrawals are made and there is no

Policy debt outstanding.

5. Policy Premiums may be paid

annually or periodically. Each periodic

Policy Premium must be at least $100.

6. The Policy’s Basic Scheduled

Premiums cannot be increased during

the guaranteed premium period, but

will be reduced by GIAC if the Policy’s

face amount is decreased. The

guaranteed premium period starts on

the Policy date and ends on the later of

the Policy anniversary nearest the

insured’s 70th birthday or the 10th

Policy anniversary. After the expiration

of the guaranteed premium period, a