Federal Register / Vol. 62, No. 232 / Wednesday, December 3, 1997 / Notices 63999

For the Commission, by the Division of

Investment Management, pursuant to

delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 97–31621 Filed 12–2–97; 8:45 am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

[Release No. IC–22913]

Notice of Applications for

Deregistration Under Section 8(f) of the

Investment Company Act of 1940

November 26, 1997.

The following is a notice of

applications for derigistration under

section 8(f) of the Investment Company

Act of 1940 for the month of November,

1997. A copy of each application may be

obtained for a fee at the SEC’s Public

Reference Branch, 450 Fifth St., N.W.,

Washington, D.C. 20549 (tel. 202–942–

8090). An order granting each

application will be issued unless the

SEC orders a hearing. Interested persons

may request a hearing on any

application by writing to the SEC’s

Secretary at the address below and

serving the relevant 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 the

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 Secretary, SEC, 450 Fifth

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

For Further Information Contact: Diane

L. Titus, at (202) 942–0564, SEC,

Division of Investment Management,

Office of Investment Company

Regulation, Mail Stop 10–4, 450 Fifth

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

Crabbee Huson Real Estate Investment Fund,

Inc. [File No. 811–8262]

Oregon Municipal Bond Fund, Inc. [File No.

811–4464]

Crabbee Huson Income Fund, Inc. [File No.

811–5836]

Crabbee Huson Equity Fund, Inc. [File No.

811–5837]

Crabbee Huson Asset Allocation Fund, Inc.

[File No. 811–5838]

U.S. Government Money Market Fund, Inc.

[File No. 811–5839]

U.S. Government Income Fund, Inc. [File No.

811–5840]

Summary: Each applicant requests an

order declaring that it has ceased to be

an investment company. On October 1,

1996, each applicant, an Oregon

corporation, transferred its assets and

liabilities to a new portfolio of Crabbe

Huson Funds, a Delaware business trust,

based on the relative net asset value.

Each applicant thus merged into an

identically named portfolio of Crabbe

Huson Funds, except that the Oregon

Municipal Bond Fund merged into the

Crabbe Huson Tax-Exempt Fund. The

approximate expenses related to each

transaction, which were borne by the

respective applicant, were as follows:

Crabbe Huson Real Estate Fund,

$14,393; Oregon Municipal Bond Fund,

$13,007; Crabbe Huson Income Fund,

$11,473; Crabbe Huson Equity Fund,

$201,845; Crabbe Huson Asset

Allocation Fund, $53,348; U.S.

Government Money Market Fund,

$31,382; U.S. Government Income

Fund, $10,233.

Filing Dates: Each application was

filed on February 24, 1997, and

amended on June 23, 1997.

Applicants’ Address: 121 S.W.

Morrison, Suite 1400, Portland, Oregon

97204.

Leahi Investment Trust [File No. 811–5321]

Summary: Applicant seeks an order

declaring that it has ceased to be an

investment company. On July 31, 1997,

applicant transferred its assets to First

Hawaii Municipal Bond Fund (‘‘First

Hawaii’’), a series of First Pacific Mutual

Fund, Inc., based on the relative net

asset value per share of each fund. The

approximate expenses incurred in

connection with the merger were

$40,000 and were borne by the

investment advisers to applicant and

First Hawaii.

Filing Dates: The application was

filed on September 2, 1997, and

amended on November 13, 1997.

Applicant’s Address: Ward Plaza,

Suite 129, 210 Ward Avenue, Honolulu,

Hawaii 96814.

First Prairie Diversified Asset Fund [File No.

811–4210]

First Prairie Money Market Fund [File No.

811–4212]

First Prairie Municipal Money Market Fund

[File No. 811–4213]

Prairie Municipal Bond Fund [File No. 811–

5414]

First Prairie U.S. Treasury Securities Cash

Management Fund [File No. 811–6405]

First Prairie Cash Management Fund [File

No. 811–6406]

Prairie Intermediate Bond Fund [File No.

811–6595]

Prairie Funds [File No. 811–7231]

Prairie Institutional Funds [File No. 811–

7235]

Summary: Each applicant seeks an

order declaring that it has ceased to be

an investment company. Each applicant

transferred its assets and liabilities to a

series of Prairie Funds, The Woodward

Funds, or Prairie Institutional Funds,

based on the relative net asset value per

share of each fund.

On March 4, 1995, First Prairie

Diversified Asset Fund reorganized into

Prairie Managed Assets Income Fund, a

series of Prairie Funds. This applicant

paid approximately $10,000 in expenses

related to the reorganization.

On May 20, 1995, First Prairie Money

Market Fund’s Money Market Series

reorganized into Prairie Money Market

Fund, a series of Prairie Funds, and its

Government Series reorganized into

Prairie U.S. Government Money Market

Fund, a series of Prairie Funds. This

applicant paid approximately $35,000

in expenses related to the

reorganization.

On May 20, 1995, First Prairie

Municipal Money Market Fund

reorganized into Prairie Municipal

Money Market Fund, as series of Prairie

Funds. This applicant paid

approximately $20,000 in expenses

related to the reorganization.

On September 14, 1996, Prairie

Municipal Bond Fund, Inc. reorganized

into Woodward Municipal Bond Fund,

a series of The Woodward Funds. First

Chicago NBD Corporation, the parent

company of applicant’s co-investment

advisers, paid approximately $207,027

in expenses related to the

reorganization.

On January 17, 1995, First Prairie U.S.

Treasury Securities Cash Management

Fund reorganized into U.S. Government

Securities Cash Management Fund, a

series of Prairie Institutional Funds.

This applicant paid approximately

$7,000 in expenses related to the

reorganization.

On January 17, 1997, First Prairie

Cash Management Fund reorganized

into Cash Management Fund, a series of

Prairie Institutional Funds. This

applicant paid approximately $3,000 in

expenses related to the reorganization.

On September 21, 1996, Prairie

Intermediate Bond Fund reorganized

into Woodward Income Fund, a series of

The Woodward Funds. First Chicago

NBD Corporation, the parent company

of applicant’s co-investment advisers,

paid approximately $176,133 in

expenses related to the reorganization.

On August 23, 1996, Prairie Managed

Assets Fund, Prairie Growth Fund,

Prairie Bond Fund, and Prairie

International Equity Fund, each a series

of Prairie Funds, reorganized into a

corresponding series of The Woodward

Funds. On September 14, 1996, Prairie

U.S. Government Money Market Fund,

Prairie Money Market Fund, and Prairie

Municipal Money Market Fund, each a
64000 Federal Register / Vol. 62, No. 232 / Wednesday, December 3, 1997 / Notices

series of Prairie Funds reorganized into

a corresponding series of The

Woodward Funds. On September 21,

1996, Prairie Managed Assets Income

Fund, Prairie Equity Income Fund,

Prairie Special Opportunity Fund,

Prairie International Bond Fund and

Prairie Intermediate Municipal Bond

Fund, each a series of Prairie Funds,

reorganized into a corresponding series

of The Woodward Funds. First Chicago

NBD Corporation, the parent company

of applicant’s co-investment advisers,

paid approximately $1,888,347 in

expenses related to the reorganization.

On July 15, 1996, Prairie Cash

Management Fund, Prairie Treasury

Prime Cash Management Fund, and

Prairie U.S. Government Securities Cash

Management Fund, each a series of

Prairie Institutional Funds, reorganized

into a corresponding series of The

Woodward Funds. First Chicago NBD

Corporation, the parent company of

applicant’s co-investment advisers, paid

approximately $995,137 in expenses

related to the reorganization.

Filing Dates: Each application was

filed on June 27, 1997, and amended on

October 20, 1997, and November 14,

1997.

Applicants’ Address: Three First

National Plaza, Chicago, Illinois 60670.

Target Income Fund, Inc. [File No. 811–6542]

Summary: Applicant seeks an order

declaring that it has ceased to be an

investment company. On March 13,

1997, applicant completed a liquidation

and sale of all of its investment assets

to Concord Growth Corporation, a

commercial finance services firm

unaffiliated with applicant. On April 3,

1997, applicant completed a tender offer

where each shareholder received its pro

rata share of the aggregate net asset

value of applicant. Applicant paid

approximately $25,000 in expenses

related to the liquidation.

Filing Dates: The application was

filed on July 24, 1997, and amended on

October 23, 1997.

Applicant’s Address: 26691 Plaza

Drive, Suite 222, Mission Viejo, CA

92691.

Neuberger & Berman Genesis Fund, Inc. [File

No. 811–5562]

Neuberger & Berman Manhattan Fund, Inc.

[File No. 811–1363]

Neuberger & Berman Partners Fund, Inc. [File

No. 811–1601]

Neuberger & Berman Selected Sectors Fund,

Inc. [File No. 811–691]

Summary: Each applicant requests an

order declaring that it has ceased to be

an investment company. On August 2,

1993, each applicant transferred its

assets and liabilities to a new,

identically named portfolio of the

Neuberger & Berman Equity Funds,

based on the relative net asset value per

share of each fund. The approximate

expenses of each merger, which were

shared by the transferring and acquiring

funds, were as follows: Neuberger &

Berman Genesis Fund, $40,000;

Neuberger & Berman Manhattan Fund,

$141,000; Neuberger & Berman Partners

Fund, $147,000; Neuberger & Berman

Selected Sectors Fund, $84,000. In

effect, the shareholders of each

applicant paid the expenses related to

the transaction because the relevant

acquiring fund had no assets or

shareholders prior to the transaction

and its shareholders therefore were

substantially the same as applicants’

shareholders.

Filing Dates: The applications were

filed on April 1, 1996, and amended on

October 23, 1996.

Applicants’ Address: 605 Third

Avenue, New York, NY 10158–3698.

JP Investment Grade Bond Fund, Inc. [File

No. 811–3544]

JP Capital Appreciation Fund, Inc. [File No.

811–3543]

Summary: Each applicant seeks an

order declaring that it has ceased to be

an investment company. On December

20, 1996, each applicant sold

substantially all of its assets to

Oppenheimer Fund, Inc. All expenses of

the sale were paid by Oppenheimer

Fund, Inc. and the management of each

applicant; shareholders paid no

expenses in connection with the sale.

Filing Date: Both applications were

filed on November 10, 1997.

Applicants’ Address: 100 North

Greene Street, Greensboro, North

Carolina 27401.

Bankers National Variable Account C [File

No. 811–4373]

Summary: Applicant seeks an order

declaring that it has ceased to be an

investment company. Applicant, a

separate account organized as a unit

investment trust, liquidated its holdings

in Conseco Series Trust and made

liquidating distributions to its security

holders between December 10, 1991 and

March 5, 1992. All expenses associated

with Applicant’s liquidation and

dissolution were borne by Applicant’s

depositor.

Filing Dates: The application was

filed on July 12, 1994, and amended and

restated on October 15, 1997.

Applicant’s Address: 11815 N.

Pennsylvania Street, Carmel, IN 46032.

Jackson National Capital Management Funds

[File No. 811–6611]

Summary: Applicant seeks an order

declaring that it has ceased to be an

investment company. On December 20,

1996, applicant distributed its assets to

its public shareholders of record at the

net asset value per share. On December

23, 1996, applicant distributed all

remaining assets to Jackson National

Life Insurance Company, the sole

remaining shareholder of record.

Applicant’s liquidation expenses totaled

approximately $89,000 and were borne

by Applicant’s investment adviser.

Filing Dates: The application was

filed on May 19, 1997, and amended on

October 14, 1997.

Applicant’s Address: 5901 Executive

Drive, Lansing, Michigan 48911.

John Hancock Series, Inc. [File No. 811–

5254]

Summary: Applicant seeks an order

declaring that it has ceased to be an

investment company. On December 2,

1996, applicant on behalf of its series

John Hancock Emerging Growth Fund

transferred all of its assets to a new,

identically named series of John

Hancock Series Trust (‘‘Series Trust’’),

based on the relevant net asset value per

share of each fund. Reorganization

expenses of approximately $225,106

were borne equally by applicant and the

Series Trust.

Filing Date: The application was filed

on July 7, 1997.

Applicant’s Address: 101 Huntington

Avenue, Boston, Massachusetts 02199–

7603.

For the Commission, by the Division of

Investment Management, pursuant to

delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 97–31685 Filed 12–2–97; 8:45 am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

[Release No. 34–39350; File No. SR–NASD–

97–81]

Self-Regulatory Organizations; Notice

of Filing of Proposed Rule Change by

the National Association of Securities

Dealers, Inc. Relating to Changes to

the Rule 1010 Series, the Rule 8000

Series, and the Rule 9000 Series To

Reflect Changes in the Corporate

Organization of the National

Association of Securities Dealers, Inc.

and Its Subsidiaries

November 21, 1997.

Pursuant to Section 19(b)(1) of the

Securities Exchange Act of 1934

(‘‘Act’’), 15 U.S.C. 78s(b)(1), notice is

hereby given that on October 31, 1997,

the National Association of Securities

Dealers, Inc. (‘‘NASD’’), through its

regulatory subsidiary NASD Regulation,