63986 Federal Register / Vol. 62, No. 232 / Wednesday, December 3, 1997 / Notices

Norwich, Connecticut 06360, and the

Waterford Library, ATTN: Vince

Juliano, 49 Rope Ferry Road, Waterford,

Connecticut 06385.

Northern States Power Company,

Docket Nos. 50–282 and 50–306, Prairie

Island Nuclear Generating Plant, Unit

Nos. 1 and 2, Goodhue County,

Minnesota

Date of application for amendments:

May 15, 1997, as supplemented August

29, October 20, October 24, and October

28, 1997.

Brief description of amendments: The

amendments revise certain Technical

Specification (TS) limitations on reactor

coolant system leakage and steam

generator tube surveillance, and

implement a voltage-based repair

criteria per requirements of NRC

Generic Letter 95–05, ‘‘Voltage-Based

Repair Criteria for Westinghouse Steam

Generator Tubes Affected by Outside

Diameter Stress Corrosion Cracking.’’ In

addition, the amendments correct a

typographical error in TS Section 4.12.c.

Date of issuance: November 18, 1997.

Effective date: November 18, 1997,

with full implementation of the

Technical Specifications within 30

days. License Condition 5 of Appendix

B shall be implemented immediately

upon issuance of the amendments.

Amendment Nos.: 133 and 125.

Facility Operating License Nos. DPR–

42 and DPR–60: Amendments revised

the licenses and the Technical

Specifications.

Date of initial notice in Federal

Register: August 13, 1997 (62 FR

43371).

The August 29, October 20, October

24, and October 28, 1997, supplements

provided clarifying information that did

not change the staff’s initial proposed

no significant hazards consideration

determination.

The Commission’s related evaluation

of the amendments is contained in a

Safety Evaluation dated November 18,

1997.

No significant hazards consideration

comments received: No.

Local Public Document Room

location: Minneapolis Public Library,

Technology and Science Department,

300 Nicollet Mall, Minneapolis,

Minnesota 55401.

Rochester Gas and Electric Corporation,

Docket No. 50–244, R. E. Ginna Nuclear

Power Plant, Wayne County, New York

Date of application for amendment:

August 19, 1997, as supplemented

September 17, 1997.

Brief description of amendment: The

amendment revised the Ginna Station

Improved Technical Specifications to

correct an error in the required

accumulator borated water volume

specified in Surveillance Requirement

3.5.1.2.

Date of issuance: November 10, 1997.

Effective date: November 10, 1997.

Amendment No.: 69.

Facility Operating License No. DPR–

18: Amendment revised the Technical

Specifications.

Date of initial notice in Federal

Register: October 8, 1997 (62 FR 52587).

The September 17, 1997, letter

provided clarifying information that did

not change the initial proposed no

significant hazards consideration

determination.

The Commission’s related evaluation

of the amendment is contained in a

Safety Evaluation dated November 10,

1997.

No significant hazards consideration

comments received: No.

Local Public Document Room

location: Rochester Public Library, 115

South Avenue, Rochester, New York

14610.

The Cleveland Electric Illuminating

Company, Centerior Service Company,

Duquesne Light Company, Ohio Edison

Company, OES Nuclear, Inc.,

Pennsylvania Power Company, Toledo

Edison Company, Docket No. 50–440,

Perry Nuclear Power Plant, Unit 1, Lake

County, Ohio

Date of application for amendment:

October 24, 1996, as supplemented June

16 and October 2, 1997.

Brief description of amendment: This

amendment revised the minimum

critical power ratio safety limit to reflect

the 10 CFR Part 21 condition reported

by General Electric in their letter to the

NRC dated May 24, 1996.

Date of issuance: November 7, 1997.

Effective date: November 7, 1997.

Amendment No.: 91.

Facility Operating License No. NPF–

58: This amendment revised the

Technical Specifications.

Date of initial notice in Federal

Register: February 12, 1997 (62 FR

6569). The June 16 and October 2, 1997,

supplemental letters provided

additional clarifying information and

did not change the initial no significant

hazards consideration determination.

The Commission’s related evaluation of

the amendment is contained in a Safety

Evaluation dated November 7, 1997.

No significant hazards consideration

comments received: No.

Local Public Document Room

location: Perry Public Library, 3753

Main Street, Perry, Ohio 44081.

Dated at Rockville, Maryland, this 25th day

of November 1997.

For the Nuclear Regulatory Commission.

Elinor G. Adensam,

Acting Director, Division of Reactor Projects—

III/IV, Office of Nuclear Reactor Regulation.

[FR Doc. 97–31522 Filed 12–2–97; 8:45 am]

BILLING CODE 7590–01–P

SECURITIES AND EXCHANGE

COMMISSION

Submission for OMB Review;

Comment Request

Upon Written Request, Copies Available

From: Securities and Exchange Commission,

Office of Filings and Information Services,

Washington, DC 20549.

Extension: Rule 13e–1, SEC File No. 270–

255, OMB Control No. 3235–0305; Rule

12g3–2, SEC File No. 270–104, OMB Control

No. 3235–0119; Trust Indenture: Act Rules,

SEC File No. 270–115, OMB Control No.

3235–0132.

Notice is hereby given that pursuant

to the Paperwork Reduction Act of 1995

(44 U.S.C. 3501 et seq.) the Securities

and Exchange Commission

(‘‘Commission’’) has submitted to the

Office of Management and Budget

requests for extension of the previously

approved collections of information

discussed below.

‘‘Purchase of Securities by issuer

thereof under the Securities Exchange

Act of 1934’’. Rule 13e–1 under the

Exchange Act is designed to provide

shareholders and the marketplace with

relevant information concerning issuer

repurchases during a tender offer for its

securities by a third party. Public

companies are the respondents. An

estimated 20 respondents will file

submissions annually at an estimated 13

hours per response for a total annual

burden of 260 hours.

‘‘Securities Exchange Act of 1934—

Rule 12g3–2.’’ Rule 12g3–2 provides an

exemption for certain foreign securities.

It affects approximately 1,800 foreign

issuer respondents at an estimated one

burden hour per response for a total

annual burden of 1,800 hours.

‘‘Requirements as to Form and

Content of Applications, Statements and

Reports under the Trust Indenture Act

of 1939.’’ Rules 7a–15 through 7a–37

under the Trust Indenture Act of 1939

(‘‘TIA’’) provides guidance for

complying with requirements under the

TIA. Persons and entities subject to TIA

requirements are the respondents. No

information collection burdens are

imposed directly by these rules so they

are assigned only one burden hour for

administrative convenience.

An agency may not conduct or

sponsor, and a person is not required to

respond to, a collection of information
Federal Register / Vol. 62, No. 232 / Wednesday, December 3, 1997 / Notices 63987

1For purposes of the application, ‘‘successors in

interest’’ is limited to entities that result from a

reorganization due to change of legal domicile or a

change in form of business organization, e.g.,

partnership to corporation.

2The Plan may be amended in the future to

permit an Eligible Trustee to have the return on the

compensation measured by the return on shares of

an investment company other than one of the Acorn

Funds or an unaffiliated money market fund.

3Acorn’s purchase of Shares will be made for the

benefit of Acorn and not for the benefit of

participating Eligible Trustees.

unless it displays a currently valid

control number.

Written comments regarding the

above information should be directed to

the following persons: (i) Desk Officer

for the Securities and Exchange

Commission, Office of Information and

Regulatory Affairs, Office of

Management and Budget, Room 3208,

New Executive Office Building,

Washington, D.C. 20503; and (ii)

Michael E. Bartell, Associate Executive

Director, Office of Information

Technology, Securities and Exchange

Commission, 450 Fifth Street, N.W.,

Washington, D.C. 20549. Comments

must be submitted to OMB within 30

days of this notice.

Dated: November 25, 1997.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 97–31616 Filed 12–2–97; 8:45 am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

[Rel. No. IC–22904/812–10608]

Acorn Investment Trust; Notice of

Application

November 24, 1997.

AGENCY: Securities and Exchange

Commission (‘‘SEC’’).

ACTION: Notice of Application for an

order (i) under section 6(c) of the

Investment Company Act of 1940 (the

‘‘Act’’) for an exemption from sections

13(a)(2), 18(f)(1), 22(f), and 22(g) of the

Act; (ii) under sections 6(c) and 17(b) of

the Act for an exemption from section

17(a)(1); and (iii) under section 17(d) of

the Act and rule 17d–1 to permit certain

joint transactions.

SUMMARY OF APPLICATION: Applicant

requests an order to permit Acorn

Investment Trust (‘‘Acorn’’) to enter into

deferred compensation arrangements

with its trustees who are not interested

persons of Acorn.

Filing Dates: The application was

filed on April 7, 1997 and amended on

August 22, 1997. Applicant has agreed

to file an additional amendment, the

substance of which is incorporated

herein, during the notice period.

Hearing or Notification of Hearing: An

order granting the application will be

issued unless the SEC orders a hearing.

Interested persons may request a

hearing by writing to the SEC’s

Secretary and serving applicant with a

copy of the request, personally or by

mail. Hearing requests should be

received by the SEC by 5:30 p.m. on

December 22, 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 writer’s interest, the reason for the

request, and the issues contested.

Persons who wish to be notified of a

hearing may request notification by

writing to the SEC’s Secretary.

ADDRESSES: Secretary, SEC, 450 Fifth

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

Acorn Investment Trust, 227 West

Monroe Street, Suite 3000, Chicago,

Illinois 60606.

FOR FURTHER INFORMATION CONTACT:

Deepak T. Pai, Staff Attorney, at (202)

942–0574, or Mary Kay Frech, Branch

Chief, at (202) 942–0564 (Division of

Investment Management, Office of

Investment Company Regulation).

SUPPLEMENTARY INFORMATION: The

following is a summary of the

application. The complete application

may be obtained for a fee at the SEC’s

Public Reference Branch, 450 Fifth

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

(tel. 202–942–8090).

Applicant’s Representations

1. Acorn is a registered open-end

management investment company

organized as a Massachusetts business

trust. Acorn currently offers three series:

Acorn Fund, Acorn International, and

Acorn USA (the ‘‘Acorn Funds,’’

together with any additional series

offered by Acorn in the future, the

‘‘Funds’’). Wagner Asset Management,

L.P. serves as investment adviser to the

Funds. Acorn requests that the relief

apply to the Funds and any successors

in interest to Acorn or any existing or

future series thereof.1

2. Acorn’s board of trustees

(‘‘Trustees’’) currently consists of nine

persons, seven of whom are not

‘‘interested persons’’ of Acorn within

the meaning of Section 2(a)(19) of the

Act (‘‘Eligible Trustees’’). Each Eligible

Trustee receives an annual retainer plus

an additional fee for each board meeting

and each pricing committee meeting

attended. Acorn’s Trustees have

approved a deferred compensation plan

for the Eligible Trustees (the ‘‘Plan’’).

The purposes of the Plan is to permit

the Eligible Trustees to defer any or all

of their compensation from Acorn for

federal income tax purposes. An Eligible

Trustee’s election to defer any or all of

such compensation will continue in

effect for each calendar year unless the

Eligible Trustee delivers to the

administrator of the Plan a written

revocation or modification of the

election.

3. If an Eligible Trustee elects to defer

compensation pursuant to the Plan,

compensation will be credited to a book

reserve account established by Acorn

(the ‘‘Deferral Account’’), as of the date

the compensation otherwise would have

been payable to the Eligible Trustee.

Each Eligible Trustee may elect to have

his or her compensation treated as if it

had been invested and reinvested in

shares of one or more of the Funds or

of any unaffiliated money market fund

with which the Funds enjoy exchange

privileges (‘‘Shares’’), and may from

time to time change his or her

designation of Shares.2

4. The compensation credited to a

Deferral Account for each Eligible

Trustee will be treated as if it had been

invested in the Shares at the current net

asset value (‘‘NAV’’) of the Shares on

the date the compensation is credited to

the Deferral Account. Thereafter, the

value of the Deferral Account will

fluctuate as the NAV of the Shares

fluctuates, and will also reflect the value

of the assumed reinvested dividends or

capital gains distributions in additional

Shares. It is intended that each Fund

may purchase Shares in amounts equal

to the deemed investment of the

Deferral Accounts of the Eligible

Trustees.3 If a Fund purchases Shares,

the Shares will be held solely in the

name of that Fund. When a Fund

purchases Shares, liabilities created by

the credits to the Deferral Accounts

under the Plan are expected to be

matched by an equal amount of assets

(i.e., a direct investment in the Shares).

5. The Plan provides that each Fund’s

respective obligation to make payments

of amounts accrued in each of the

Deferral Accounts will be a general

obligation of that Fund, and payments

made pursuant to the Plan will be made

from that Fund’s general assets and

property. No Fund will be liable for any

other Fund’s respective obligation to

make payments under the Plan. Each

Eligible Trustee will be a general

unsecured creditor of a Fund. The Plan

also provides that a Fund will not be

under an obligation to purchase, hold,

or dispose of any investments under the

Plan. If a Fund chooses to purchase

investments to cover its obligations

under the Plan, such investments will