65452 Federal Register / Vol. 62, No. 239 / Friday, December 12, 1997 / Notices

Reporting and Recordkeeping Burden:

OPM estimates that the average price

survey interview will take

approximately 7 minutes, for a total

burden of 650 hours. The average

background survey interview will take

approximately 10 minutes, for a total

burden of 50 hours.

Office of Personnel Management.

Janice R. Lachance,

Director.

[FR Doc. 97–32581 Filed 12–11–97; 8:45 am]

BILLING CODE 6325–01–P

OFFICE OF PERSONNEL

MANAGEMENT

Proposed Collection, Comment

Request Optional Form 306

AGENCY: Office of Personnel

Management.

ACTION: Proposed collection; comment

request.

SUMMARY: In accordance with the

Paperwork Reduction Act of 1995 (Pub.

L. 104–13) and 5 CFR 1320.5 (a) (I) (iv),

this notice announces that OPM intends

to submit to the Office of Management

and Budget (OMB) a request for

reclearance of an information collection.

Optional Form 306 (Declaration for

Federal Employment) is used by OPM

and other agencies to collect

information to determine an

individual’s acceptability for Federal

employment and enrollment status in

the Government’s Life Insurance

program.

‘‘Comments are particularly invited

on: whether this collection of

information is necessary for the proper

performance of function of the Office of

Personnel Management, and whether it

will have practical utility; whether our

estimate of the public burden of this

collection of information is accurate,

and based on valid assumptions and

methodology; and ways in which we

can minimize the burden of collection

of information on those who respond,

through the use of appropriate

technological collection techniques or

other forms of information technology.’’

It is estimated that 474,000

individuals will respond annually for a

total burden of 118,500 hours. To obtain

copies of this proposal please contact

James M. Farron at (202) 414–3208 or by

E-mail to jmfarron@opm.gov.

DATES: Comments on this proposal

should be received on or before

February 10, 1998. Submit comments on

this proposal to Richard A. Ferris, Office

of Personnel Management, Room 5416,

1900 E. Street N. W., Washington, D.C.

20415.

Office of Personnel Management.

Janice R. Lachance,

Director.

[FR Doc. 97–32582 Filed 12–11–97; 8:45 am]

BILLING CODE 6325–01–P

RAILROAD RETIREMENT BOARD

Proposed Collection; Comment

Request

SUMMARY: In accordance with the

requirement of Section 3506 (c)(2)(A) of

the Paperwork Reduction Act of 1995

which provides opportunity for public

comment on new or revised data

collections, the Railroad Retirement

Board (RRB) will publish periodic

summaries of proposed data collections.

Comments are invited on: (a) Whether

the proposed information collection is

necessary for the proper performance of

the functions of the agency, including

whether the information has practical

utility; (b) the accuracy of the RRB’s

estimate of the burden of the collection

of the information; (c) ways to enhance

the quality, utility, and clarity of the

information to be collected; and (d)

ways to minimize the burden related to

the collection of information on

respondents, including the use of

automated collection techniques or

other forms of information technology.

Title and purpose of information

collection: Application and Claim for

Sickness Insurance Benefits; OMB

3220–0039.

Under Section 2 of the Railroad

Unemployment Insurance Act (RUIA),

sickness benefits are payable to

qualified railroad employees who are

unable to work because of illness or

injury. In addition, sickness benefits are

payable to qualified female employees if

they are unable to work, or if working

would be injurious, because of

pregnancy, miscarriage or childbirth.

Under Section 1(k) of the RUIA, a

statement of sickness with respect to

days of sickness of an employee is to be

filed with the RRB within a 10-day

period from the first day claimed as a

day of sickness. The RRB’s authority for

requesting supplemental medical

information is Section 12(I) and 12(n) of

the RUIA. The procedures for claiming

sickness benefits and for the RRB to

obtain supplemental medical

information needed to determine a

claimant’s eligibility for such benefits is

prescribed in 20 CFR part 335.

The forms used by the RRB to obtain

information needed to determine

eligibility for and the amount of

sickness benefits due a claimant

follows: Form SI–1a, Application for

Sickness Benefits; Form SI–1b,

Statement of Sickness; Form SI–3, Claim

for Sickness Benefits; Form SI–7,

Supplemental Doctor’s Statement; Form

SI–8, Verification of Medical

Information; Form ID–7h, NonEntitlement to Sickness Benefits and

Information on Unemployment Benefits;

and Form ID–11a, Requesting Reason for

Late Filing of Sickness Benefit.

Completion is required to obtain or

retain benefits. One response is

requested of each respondent.

The RRB proposes to revise Form SI–

1a to add new items that obtain

information from a sickness claimant

who is filing a delayed claim for

benefits and also to reformat and clarify

an existing item that requests wage

information. Form SI–3 is being revised

to clarify an existing item that requests

wage information and also to modify the

certification statement. Form SI–8 is

being revised primarily to emphasize

that a response is needed only if the

information provided is erroneous.

Minor editorial changes which include

the addition of language required by the

Paperwork Reduction Act of 1995 are

also proposed to Forms SI–1b, SI–7, SI–

8 and ID–11A.

Estimate of Annual Respondent Burden

The estimated annual respondent

burden is as follows:

Form Nos. Annual responses

Time

(minutes)

Burden

(hours)

SI–1a/1b(ee) ............................................................................................................................................. 27,700 10 4,617

SI–1a/1b(Dr.) ............................................................................................................................................ 27,000 8 3,693

SI–3 .......................................................................................................................................................... 181,000 5 15,083

SI–7 .......................................................................................................................................................... 33,600 8 4,480

SI–8 .......................................................................................................................................................... 50 5 4

ID–7H ....................................................................................................................................................... 50 5 4

ID–11A ...................................................................................................................................................... 800 3 40
Federal Register / Vol. 62, No. 239 / Friday, December 12, 1997 / Notices 65453

1 ‘‘Successors in interest’’ is limited to entities

that result from a reorganization into another

jurisdiction or a change in the type of business

organization, e.g., a partnership or a corporation.

2The Trust will make monthly distributions of an

amount representing the dividends accumulated on

portfolio securities during each month, net of fees

and expenses.

Form Nos. Annual responses

Time

(minutes)

Burden

(hours)

Total ............................................................................................................................................... 270,900 .................... 27,921

Additional Information or Comments

To request more information or to

obtain a copy of the information

collection justification, forms, and/or

supporting material, please call the RRB

Clearance Officer at (312) 751–3363.

Comments regarding the information

collection should be addressed to

Ronald J. Hodapp, Railroad Retirement

Board, 844 North Rush Street, Chicago,

Illinois 60611–2092. Written comments

should be received within 60 days of

this notice.

Chuck Mierzwa,

Clearance Officer.

[FR Doc. 97–32490 Filed 12–11–97; 8:45 am]

BILLING CODE 7905–01–M

SECURITIES AND EXCHANGE

COMMISSION

[Rel. No. IC–22927; 812–10704]

Diamonds Trust, DJIA Trust Receipts

Series, PDR Services Corporation and

ALPS Mutual Funds, Inc.; Notice of

Application

December 5, 1997.

AGENCY: Securities and Exchange

Commission (‘‘SEC’’).

ACTION: Notice of application for an

order under section 6(c) of the

Investment Company Act of 1940 (the

‘‘Act’’) for an exemption from sections

4(2), 14(a), 22(d), 24(d), and 26(a)(2)(C)

of the Act and rule 22c–1; under

sections 6(c) and 17(b) of the Act for an

exemption from sections 17(a) (1) and

(2) of the Act; and under rule 17d–1 to

permit certain joint transactions.

APPLICANTS: Diamonds Trust, DJIA Trust

Receipts Series (the ‘‘Trust’’), PDR

Services Corporation (together with its

‘‘successors in interest’’ 1 and with any

person directly or indirectly controlling,

controlled by, or under common control

with, PDR Service Corporation, the

‘‘Sponsor’’) and ALPS Mutual Funds,

Inc. (the ‘‘Distributor’’).

SUMMARY OF APPLICATION: Applicants

request an order that would (i) permit

the Trust, a unit investment trust whose

portfolio will consist of the component

stocks of the Dow Jones Industrial

Average (‘‘DJIA’’), to issue nonredeemable securities (‘‘DJIA Trust

Receipts’’); (ii) permit secondary market

transactions in DJIA Trust Receipts at

negotiated prices; (iii) permit dealers to

sell DJIA Trust Receipts to purchasers in

the secondary market unaccompanied

by a prospectus, when prospectus

delivery is not required by the

Securities Act of 1933 (the ‘‘Securities

Act’’); (iv) permit certain expenses

associated with the creation and

maintenance of the Trust to be borne by

the Trust rather than the Sponsor; (v)

exempt the Sponsor from the Act’s

requirement that it purchase, or place

with others, $100,000 worth of DJIA

Trust Receipts; (vi) permit affiliated

persons of the Trust to deposit securities

into, and receive securities from, the

Trust in connection with the purchase

and redemption of DJIA Trust Receipts;

and (vii) permit the Trust to reimburse

the Sponsor and/or the American Stock

Exchange, Inc. (‘‘AMEX’’) for payment

of an annual licensing fee to Dow Jones

& Company, Inc. (‘‘Dow Jones’’).

FILING DATES: The application was filed

on June 17, 1997, and an amendment to

the application was filed on December

3, 1997.

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 applicants 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 29, 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 SEC’s

Secretary.

ADDRESSES: Secretary, SEC, 450 Fifth

Street, NW., Washington, DC 20549.

Applicants, c/o James F. Duffy,

Executive Vice President and General

Counsel, American Stock Exchange,

Inc., 86 Trinity Place, New York, NY

10006.

FOR FURTHER INFORMATION CONTACT:

Brian T. Hourihan, Senior Counsel, at

(202) 942–0526, or Nadya B. Roytblat,

Assistant Director, 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 from the SEC’s

Public Reference Branch, 450 Fifth

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

(tel. (202) 942–8090).

Applicant’s Representations

1. The Trust is a unit investment trust

(‘‘UIT’’) organized under the laws of the

state of New York. The Sponsor is a

wholly-owned subsidiary of AMEX.

State Street Bank and Trust Company

will act as trustee of the Trust

(‘‘Trustee’’). The Distributor, a registered

broker-dealer, will serve as underwriter

of the DJIA Trust Receipts on an agency

basis.

2. The Trust will hold a portfolio of

securities consisting of all of the

component common stocks of the DJIA.

The DJIA is a price-weighted index of

thirty stocks. Issuers of the component

stocks are all leaders in their respective

industries, and the component stocks

represent approximately one-fifth of the

market value of all U.S. stocks.

Applicants represent that the DJIA is the

oldest continuous barometer of the U.S.

stock market, and the most widely

quoted indicator of U.S. stock market

activity. DJIA Trust Receipts, units of

beneficial interest in the Trust, are

designed to provide investors with an

instrument that closely tracks the DJIA,

that trades like a share of common

stock, and pays periodic dividends

proportionate to those paid by the

portfolio of stocks held by the Trust.2

Applicants believe that DJIA Trust

Receipts will afford significant benefits

in the public interest. Applicants expect

the Trust to be able to track the DJIA

more closely than certain other index

products and, unlike open-end index

funds, trade at negotiated prices

throughout the business day. Applicants

also state that DJIA Trust Receipts will

compete with comparable products

available on foreign exchanges and

attract capital to the U.S. equity market.

3. The composition of the Trust’s

portfolio will be adjusted periodically to

conform to changes in the DJIA resulting

from corporate actions such as stock