Federal Register / Vol. 62, No. 36 / Monday, February 24, 1997 / Notices 8285

and nonutility companies will be on an

‘‘at cost’’ basis as determined under

rules 90 and 91 of the Act.

In addition to the services to be

provided by Ameren Services, UE and

CIPS may from time to time or in

emergency situations provide one

another with certain services incidental

to their utility businesses, such as meter

reading, materials management,

transportation, and services of linemen

and gas trouble crews. These services

will be provided at cost in accordance

with the standards of the Act and the

Commission’s rules and regulations

thereunder.

For the Commission, by the Division of

Investment Management, pursuant to

delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 97–4444 Filed 2–21–97; 8:45 am]

BILLING CODE 8010–01–M

[Rel. No. IC–22516; 811–5255]

The Rodney Square International

Securities Fund, Inc.; Notice of

Application

February 14, 1997.

AGENCY: Securities and Exchange

Commission (‘‘SEC’’).

ACTION: Notice of Application for

Deregistration under the Investment

Company Act of 1940 (the ‘‘Act’’).

APPLICANT: The Rodney Square

International Securities Fund, Inc.

RELEVANT ACT SECTION: Section 8(f).

SUMMARY OF APPLICATION: Applicant

seeks an order declaring that it has

ceased to be an investment company.

FILING DATE: The application was filed

on December 26, 1996 and amended on

February 11, 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 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

March 11, 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 may request notification of a

hearing by writing to the SEC’s

Secretary.

ADDRESSES: Secretary, SEC, 450 5th

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

Applicant, Rodney Square North, 1100

North Market Street, Wilmington,

Delaware 19809–0001.

FOR FURTHER INFORMATION CONTACT:

Shirley A. Bodden, Paralegal Specialist,

at (202) 942–0575, or Mercer E. Bullard,

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.

Applicant’s Representations

1. Applicant is a registered open-end

management investment company

organized as a Maryland corporation.

On July 24, 1987, applicant registered

under the Act by filing a notification of

registration on Form N–8A. On the same

date, applicant filed a registration

statement under the Act and under the

Securities Act of 1933 to register an

indefinite number of shares of its only

series, The Rodney Square International

Equity Fund (the ‘‘Fund’’). The

registration statement became effective

on October 27, 1987, and applicant

commenced a public offering of the

shares on November 2, 1987.

2. In order to stop further losses on

the part of the shareholders, and

because net asset value was declining,

on May 20, 1996, applicant’s board of

directors adopted the following

resolutions: (1) that liquidation and

dissolution of the applicant was

advisable and (2) that a special meeting

of the applicant’s shareholders be called

to approve the liquidation and

dissolution of the applicant. Proxy

materials were filed with the SEC on

July 5, 1996 and were mailed to

applicant’s shareholders on or about

that date. At a meeting held on July 25,

1996, shareholders approved the

liquidation and dissolution of the

applicant.

3. At the close of business on July 30,

1996, the Fund had approximately

102,312 outstanding shares with an

aggregate net asset value of $1,334,984

and a per share net asset value of

$13.05. Immediately following the close

of business on July 31, 1996, applicant

redeemed all of its outstanding shares at

their net asset value of $13.06 per share,

except for 25,000 shares held by Rodney

Square Mangement Corporation,

applicant’s administrator and transfer

agent. The shares held by Rodney

Square Management Corporation were

not redeemed on July 31, 1996, as

certain of applicant’s portfolio securities

were ‘‘when-issued’’ and not readily

saleable. These securities were

subsequently sold in open market

transactions at their then-current market

prices. The shares held by Rodney

Square Management Corporation were

redeemed on October 30, 1996, for

$323,811, or $12.95 per share. Applicant

has made distributions in complete

liquidation to all its securityholders.

4. All expenses, including legal,

accounting, and other general and

administrative expenses, relating to

applicant’s liquidation and the winding

up of its affairs, except for brokerage

commissions incurred in connection

with the sale of applicant’s portfolio

securities, have been borne by

Wilmington Trust Company, applicant’s

investment adviser. These expenses

totaled approximately $22,771.

Brokerage commissions incurred from

May 20, 1996 to October 30, 1996 in

connection with the sale of applicant’s

portfolio securities were approximately

$62,584.

5. At the time of this application,

applicant has no outstanding assets,

securityholders, debts or liabilities.

Applicant is not a party to any litigation

or administrative proceeding. Applicant

is not now engaged, nor does it propose

to engage, in any business activities

other than those necessary for the

winding up of its affairs.

6. Applicant intends to file Articles of

Resolution with the State of Maryland to

effect its dissolution as a Maryland

corporation.

For the Commission, by the Division of

Investment Management, pursuant to

delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 97–4443 Filed 2–21–97; 8:45 am]

BILLING CODE 8010–01–M

Sunshine Act Meeting

Notice is hereby given, pursuant to

the provisions of the Government in the

Sunshine Act, Pub. L. 94–409, that the

Securities and Exchange Commission

will hold the following open meeting

during the week of February 24, 1997.

An open meeting will be held on

Thursday, February 27, 1997, at 9:00

a.m., in Room 1C30.

The subject matter of the open

meeting scheduled for Thursday,

February 27, 1997, at 9:00 a.m., will be:

The Commission will consider whether to

propose for public comment: (i) amendments

to Form N–1A under the Investment

Company Act of 1940 and the Securities Act

of 1933, which would revise the disclosure

requirements for mutual fund prospectuses to

focus prospectus disclosure on essential

information about a particular fund that