Federal Register / Vol. 65, No. 212 / Wednesday, November 1, 2000 / Notices 65369

APPENDIX—COMPARISON OF EXPENSES OF EXISTING AND REPLACEMENT FUNDS—Continued

Current fund and separate account expenses

(percent of net asset value)

Replacement fund and separate account expenses

(percent of net asset value)

Existing fund

Total

fund assets

(in millions)

Total

fund assets

held by

the account

(in millions)

Mgmt.

fee

Other

fund expenses

M&E

and

A&D expenses

Separate account

reimb.1

Total expenses Replacement fund Mgmt.

fee

Other

fund expenses

M&E

and

A&D expenses

Separate account

reimb.1

Total expenses

Templeton International Securities Fund.

1,756.8 737.6 0.69 0.19 1.25 0 2.13 North American—

American Century

International

Growth Fund.

1.00 0.06 1.00 0 2.06

Dreyfus Founders

Growth Fund.

3,480.0 1,069.1 0.67 0.41 1.25 (0.25) 2.08 North American—

Founders Large

Cap Growth Fund.

1.00 0.60 1.00 0 2.06

American General

Domestic Bond

Fund.

14.5 14.5 0.59 0.18 1.00 (0.25) 1.52 North American—

AG Core Bond

Fund.

0.50 0.25 1.00 (0.25) 1.50

American General

Balanced Fund.

12.8 12.8 0.78 2 0.02 1.00 (0.25) 1.55 North American—

AG Moderate

Growth Lifestyle

Fund.

0.10 3 0.88 1.00 (0.25) 1.73

American General

International

Value Fund.

13.2 13.2 0.97 4 0.04 1.00 (0.25) 1.76 North American

International

Growth Fund.

0.88 5 0.25 1.00 (0.25) 1.88

1VALIC reimburses a subaccount for fees it receives from a fund or its affiliate or distributor for providing the fund administrative or shareholder services. 2VALIC currently waives or reimburses certain fees and expenses of American General Balanced Fund. During the fiscal year ended August 31, 1999, these waivers and reimbursements equaled 0.98% of net assets of the fund. Without these waivers and reimbursements, the total Other Fund Expenses of American General

Balanced Fund would have been 1.00% of net assets. 3These expenses are those of the underlying funds in which the North American—AG Moderate Growth Lifestyle Fund invests.

4VALIC currently waives or reimburses certain fees and expenses of American General International Value Fund. During the fiscal year ended August 31, 1999,

those waivers and reimbursements equaled 0.96% of net assets of the fund. Without these waivers and reimbursements, the total Other Fund Expenses of American

General International Fund would have been 1.00% of net assets. 5VALIC currently waives or reimburses certain fees and expenses of North American International Growth Fund. During the fiscal year ended August 31, 1999,

those waivers and reimbursements equaled 0.77% of net assets of the fund. Without these waivers and reimbursements, the total Other Fund Expenses of North

American International Growth Fund would have been 1.02% of net assets.

[FR Doc. 00–28049 Filed 10–31–00; 8:45 am]

BILLING CODE 8010–01–M

TENNESSEE VALLEY AUTHORITY

Environmental Impact Statement—

Montana Land Company Land

Exchange—Hardin County, Tennessee

AGENCY: Tennessee Valley Authority

(TVA).

ACTION: Notice of Intent.

SUMMARY: This notice is provided in

accordance with the Council on

Environmental Quality’s regulations (40

CFR Parts 1500 to 1508) and TVA’s

procedures implementing the National

Environmental Policy Act. TVA will

prepare an Environmental Impact

Statement (EIS) on alternatives for a

requested land exchange by Montana

Land Company, L. L. C. (MLC) involving

22 acres of TVA land on Pickwick

Reservoir, which is proposed to be

exchanged for 164 acres of property,

also on Pickwick Reservoir, in Hardin

County, Tennessee.

DATES: Comments on the scope of the

EIS must be received on or before

November 30, 2000.

ADDRESSES: Written comments should

be sent to Jon M. Loney, Manager, NEPA

Administration, Environmental Policy

and Planning, Tennessee Valley

Authority, 400 West Summit Hill Drive,

Knoxville, Tennessee 37902–1499.

FOR FURTHER INFORMATION CONTACT:

Harold M. Draper, NEPA Specialist,

Environmental Policy and Planning,

Tennessee Valley Authority, 400 West

Summit Hill Drive, WT 8C, Knoxville,

Tennessee 37902–1499; telephone (865)

632–6889 or e-mail hmdraper@tva.gov.

SUPPLEMENTARY INFORMATION: Pickwick

Reservoir is an impoundment of the

Tennessee River formed by Pickwick

Landing Dam, which is located at

Tennessee River Mile (TRM) 206.7 in

Hardin County, Tennessee. Pickwick

Reservoir is located in parts of three

States—Alabama, Mississippi, and

Tennessee. The Tennessee Valley

Authority (TVA) originally acquired

63,625 acres of land for construction of

the reservoir, which was begun in

December 1934 and completed in

February 1938. TVA has retained 17,358

acres of land lying above full pool

elevation. At full pool, the reservoir is

52.7 miles long, shoreline length is

490.6 miles, and surface area is 43,100

acres.

In the late 1980s, private developers

began construction on a residential and

resort subdivision consisting of 3,000

acres and extending for 11.5 miles along

the shoreline of lower Pickwick

Reservoir. This development was named

Points of Pickwick. The project features

waterfront lots, waterview lots, interior

single family lots, zero lot line

developments, condominium

residences, an 18-hole championship

golf course, underground utilities, a

community marina, and nature trails. In

1995, MLC acquired the property and

has continued subdivision

development. TVA owns land along two

embayments, Lower Anderson Branch

and Haw Branch, which extend into this

development. No private shoreline

access rights exist across the TVA

parcels. Shoreline access rights exist

across a narrow TVA-owned shoreline

band adjoining MLC properties,

including the parcel proposed to be

exchanged with TVA.

In 1999, TVA completed an EIS on

residential shoreline development

impacts throughout the Tennessee

Valley. The Record of Decision (ROD)

was published at 64 FR 30092–30094. In

order to limit the eventual development

of shoreline and accompanying impacts

to aquatic ecology, water quality, scenic

beauty, and other valuable resources,

the ROD indicated that TVA would

adopt a strategy of ‘‘maintaining and

gaining’’ public shoreline. Under this

strategy, TVA agreed to consider

65370 Federal Register / Vol. 65, No. 212 / Wednesday, November 1, 2000 / Notices

proposals for additional water use

access and residential development if it

could be shown that the loss of public

shoreline was offset by a gain in

shoreline resource amenities and public

value. TVA’s overall goal in

implementing this strategy would be to

maintain and improve environmental

integrity, maintain and enhance public

benefits from reservoir lands, and keep

the projected maximum residential

buildout level at 38 percent of the

shoreline length for the Tennessee

Valley region.

In 1981, TVA published a land

allocation plan for Pickwick Reservoir.

The Pickwick Reservoir Plan allocated

the tract on Lower Anderson Branch

(Planned Tract 1, 12 acres) as open

space and the tract on Haw Branch

(Planned Tract 2, 36 acres) as open

space and a safety harbor. These tracts

are located in Hardin County, Tennessee

on the right bank near Tennessee River

Mile (TRM) 210.0.

After reviewing TVA’s Shoreline

Management decision, MLC made a

request for fee transfer of Planned Tract

1 (Lower Anderson Branch) and

Planned Tract 2 (Haw Branch) in

exchange for approximately 160 acres of

MLC-owned land. TVA solicited

comments on this proposal through a

public notice in July 2000. The response

to this notice indicated that there were

concerns over whether the project was

an equitable trade and whether the

exchange would be environmentally

beneficial. In addition, the initial

environmental evaluation has revealed

concerns over the impacts of exchanging

highly visible public land on the main

reservoir for lands at the back of a cove.

Because of the potential environmental

benefits of a gain in public land on

lower Pickwick Reservoir, TVA has

decided to continue consideration of

this request. However, because of

concerns about the significance of the

impacts should residential development

occur on the two tracts proposed for

exchange, TVA has elected to prepare

an Environmental Impact Statement to

better understand the impacts of the

proposal.

At this time, TVA anticipates that

three alternatives would be analyzed in

the EIS. Under No Action, TVA would

not amend the Pickwick Reservoir Plan

and would not exchange the two tracts

of TVA land. A second alternative

would consider the original request by

the developer for 48 acres of TVA land

in exchange for approximately 122 acres

of privately-owned property in Haw

Branch. A third alternative would

consider the developer’s request and

mitigation measures to reduce

environmental impacts. This would

include 22 acres of TVA in exchange for

164 acres of privately-owned property,

along with 50-foot shoreline buffer

management zones and community

water-use facilities.

Based on the results of the previous

public meeting and subsequent public

comments, TVA anticipates that the EIS

will include discussion of the potential

effects of alternatives on the following

resources and issue areas: visual

resources, cultural resources, threatened

and endangered species, terrestrial

ecology, wetlands, recreation, water

quality, aquatic ecology, and

socioeconomics. Other issues which

may be discussed, depending on the

potential impacts of the alternatives,

include floodplains and air quality.

TVA is interested in receiving

additional comments on the scope of

issues to be addressed in the EIS.

Written comments on the scope of the

EIS should be received on or before

November 30, 2000. Following

completion of the Draft EIS, an

additional opportunity to review and

comment on the proposal will be

provided at that time.

Dated: October 24, 2000.

Kathryn J. Jackson,

Executive Vice President River System

Operations & Environment.

[FR Doc. 00–28005 Filed 10–31–00; 8:45 am]

BILLING CODE 8120–08–U

OFFICE OF THE UNITED STATES

TRADE REPRESENTATIVE

Generalized System of Preferences

(GSP); Notice Regarding Possible

Changes to Product Eligibility for India

AGENCY: Office of the United States

Trade Representative.

ACTION: Notice.

SUMMARY: This notice announces a

process for considering changes to the

product eligibility list for India under

the Generalized System of Preferences

(GSP) program; lists the schedule for the

public hearing that is part of this

process, for requesting participation in

the hearing and for submitting prehearing and post-hearing briefs.

FOR FURTHER INFORMATION CONTACT: GSP

Subcommittee, Office of the United

States Trade Representative, 600 17th

Street, NW, Room 518, Washington, DC

20508. The telephone number is (202)

395–6971.

SUPPLEMENTARY INFORMATION: The GSP

program grants duty-free treatment to

designated eligible articles that are

imported from designated beneficiary

developing countries. The GSP program

is authorized by Title V the Trade Act

of 1974, as amended (‘‘Trade Act’’) (19

U.S.C. 2461 et seq.), and administered

in accordance with GSP regulations (15

CFR part 2007) which provide for a

review of product eligibility. This notice

requests public comment on possible

changes in the GSP product eligibility

list for India through the redesignation

and waiver of ‘‘competitive need

limitations’’ (CNLs) for the articles

included in the annex to this notice.

Authorization for granting CNL waivers

is set forth in section 503(d) of the Trade

Act (19 U.S.C. 2464(d)). GSP benefits

also may be abridged. In making such a

determination the President may

consider several factors, one of which is

whether the country offers reasonable

and equitable market access for U.S.

goods and services (19 U.S.C.

2462(c)(4)). Since the process for

curtailing benefits does not involve

advice from the United States

International Trade Commission

(USITC) and is therefore shorter, the

public is advised that, under the current

market conditions, comment on will be

sought early next year on whether to

restrict certain GSP benefits now

enjoyed by India. The specific tariff

headings to be considered will be

circulated early next year.

It is expected that decisions on both

issues will be made on or about April

1, 2001. Each process will be conducted

to meet that timetable.

Opportunities for Public Comment and

Inspection of Comments

The GSP Subcommittee of the TPSC

invites comments in support of, or in

opposition to, the redesignations and

CNL waivers which are the subject of

this notice. Submissions should comply

with 15 CFR part 2007, including

§§ 2007.0, and 2007.1. All submissions

should identify the subject article(s) in

terms of the current Harmonized Tariff

Schedule of the United States (‘‘HTS’’)

nomenclature.

Comments should be submitted in

fourteen (14) copies in English, to the

chairman of the GSP Subcommittee of

the Trade Policy Staff Committee, 600

17th Street, NW, Room 518,

Washington, DC 20508. Information

submitted will be subject to public

inspection by appointment with the

staff of the USTR public reading room,

except for information granted

‘‘business confidential’’status pursuant

to 15 CFR 2003.6 and other qualifying

information submitted in confidence

pursuant to 15 CFR 2007.7. If the

document contains confidential

information, an original and fourteen

(14) copies of a nonconfidential version

of the submission along with an original