Federal Register / Vol. 65, No. 27 / Wednesday, February 9, 2000 / Notices 6419

1 Vectren proposes to account for the Merger on

a ‘‘pooling-of-interests’’ basis under generally

accepted accounting principles.

2SIGECO is a party to an interconnection

agreement under which it provides firm power to

the City of Jasper, Indiana. It also has an agreement

with Hoosier Energy Rural Electric Cooperative, Inc.

for the sale of firm peaking power during the annual

winter heating season. SIGECO is interconnected

with Louisville Gas and Electric. Co., Cinergy

Services, Inc., Indianapolis Power & Light Co.,

Hoosier Energy, Big Rivers Electric Corporation,

Wabash Valley Power Association and the City of

Jasper.

SIGECO’s gas transmission system includes 359

miles of transmission mains, and the gas

distribution system includes 2,520 miles of

distribution mains. SIGECO currently purchases

nearly 100% of its supply gas requirements from

the Gulf Coast production basin, particularly in the

on-shore and off-shore Texas and Louisiana

producing regions.

3 Indiana Gas owns 10,948 miles of distribution

mains. Indiana Gas purchases 50% of its total

system gas supply requirements from the Gulf Coast

production basin and approximately 48% from

Continued

information is necessary for the

performance of the functions of the

agency, including whether the

information will have practical utility;

(b) the accuracy of the agency’s estimate

of the burden of the collection of

information; (c) ways to enhance the

quality, utility, and clarity of the

information collected; and (d) ways to

minimize the burden of the collection of

information on respondents, including

through the use of automated collection

techniques or other forms of information

technology. Consideration will be given

to comments and suggestions submitted

in writing within 60 days of this

publication.

Please direct your written comment to

Michael E. Bartell, Associate Executive

Director, Office of Information

Technology, Securities and Exchange

Commission, 450 Fifth Street, NW,

Washington, DC 20549.

Dated: January 24, 2000.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 00–2877 Filed 2–8–00; 8:45 am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

[Release No. 35–27129]

Filings Under the Public Utility Holding

Company Act of 1935, as Amended

(‘‘Act’’)

February 2, 2000.

Notice is hereby given that the

following filing(s) has/have been made

with the Commission pursuant to

provisions of the Act and rules

promulgated under the Act. All

interested persons are referred to the

applications(s) and/or declaration(s) for

complete statements of the proposed

transactions(s) summarized below. The

application(s) and/or declarations(s) and

any amendments is/are available for

public inspection through the

Commission’s Branch of Public

Reference.

Interested persons wishing to

comment or request a hearing on the

applications(s) and/or declaration(s)

should submit their views in writing by

February 24, 2000, to the Secretary,

Securities and Exchange Commission,

Washington, DC 20549–0609, and serve

a copy on the relevant applicant(s) and/

or declarant(s) at the address(es)

specified below. Proof of service (by

affidavit or, in case of an attorney at

law, by certificate) should be filed with

the request. Any request for hearing

should identify specifically the issues of

facts or law that are disputed. A person

who so requests will be notified of any

hearing, if ordered, and will receive a

copy of any notice or order issued in the

matter. After February 24, 2000, the

application(s) and/or declaration(s), as

filed or as amended, may be granted

and/or permitted to become effective.

Vectren Corporation, 70–9585

Vectren Corporation (‘‘Vectren’’), an

Indiana Corporation, 20 N.W. Fourth

Street, Evansville, Indiana 47741, has

filed an application under sections

9(a)(2) and 10 of the Act.

Under the Agreement and Plan of

Merger, dated as of June 11, 1999

(‘‘Merger Agreement’’), Vectren will

acquire all of the issued and outstanding

common stock of SIGCORP, Inc. and

Indiana Energy, Inc., both Indiana

corporations and public-utility holding

companies exempt under section 3(a)(1)

by rule 2 from all provisions of the Act

except section 9(a)(2) (‘‘Transaction’’ or

‘‘Merger’’) 1. Upon completion of the

proposed Transaction, SIGCORP and

Indiana Energy will be merged with and

into Vectren and Vectren will be the

sole surviving corporation. Following

the consummation of the Merger,

Vectren will become a holding company

and claim an exemption from all

provisions of the Act under rule 2.

Each share of SIGCORP common

stock shall be converted into 1.333

shares of Vectren Common stock. Each

share of Indiana Energy common stock

shall be converted into one share of

Vectren common stock. No fractional

shares will be issued. Instead, each

holder of SIGCORP common stock who

would otherwise receive a fractional

share of Vectren common stock will

receive cash in payment for that

fractional share based on the prevailing

price on the New York Stock Exchange.

SIGCORP is a holding company

located in Evansville, Indiana and owns

one public-utility subsidiary, Southern

Indiana Gas and Electric Company

(‘‘SIGECO’’) and ten non-utility

subsidiaries. SIGECO is located in

Evansville, Indiana and is engaged in

the generation, transmission,

distribution and sale of electricity and

the distribution and sale of natural gas

in a service area covering ten counties

in southwestern Indian. As of

September 30, 1999 SIGECO served

125,546 retail electric customers and

supplied natural gas to 107,268

customers.2 For the nine months ended

September 30, 1999, SIGECO had

operating revenues of $185,683,040 and

net income of $38,264,322.

SIGECO owns approximately 33% of

the outstanding common stock of

Community Natural Gas Company, Inc.

(‘‘Community’’), a small Indiana gas

distribution company. Community has

several service territories in

southwestern Indiana that are adjacent

to or near the gas service territory of

SIGECO. Community has 6,638 natural

gas customers and approximately 470

miles of distribution mains.

The non-utility subsidiaries of

SIGCORP include: (1) Southern Indiana

Properties, Inc., which invests in real

estate and equipment; (2) Energy

Systems Group, Inc., which is a partner

in an energy-related performance

contracting firm; (3) Southern Indiana

Minerals, Inc., which processes and

market coal combustion by-products; (4)

SIGCORP Energy Services., Inc., which

is an energy marketer; (5) SIGCORP

Capital, Inc., which is the financing

vehicle for SIGCORP’s non-regulated

subsidiaries; (6) SIGCORP Fuels, Inc.,

which owns and operates coal mining

properties; (7) SIGCORP Power

Marketing, Inc., which is not currently

active; (8) SIGCORP Communications

Services., Inc., which was formed to

undertake communication-related

initiatives; (9) SIGECO Advanced

Communication, Inc., which holds

SIGCORP’s investment in several

communications partnerships; and (10)

SIGCORP Environmental Services, Inc.,

which holds SIGCORP’s investment in

Air Quality Services.

Indiana Energy is a holding company

that owns one public-utility subsidiary,

Indiana Gas Company, Inc. (‘‘Indiana

Gas’’), and three non-utility

subsidiaries. Indiana Gas is engaged in

the business of providing gas utility

service in the State in Indiana. In 1999,

Indiana Gas supplied gas to

approximately 500,000 consumers in 48

of the 92 counties in Indiana.3 For the

6420 Federal Register / Vol. 65, No. 27 / Wednesday, February 9, 2000 / Notices

production in the Mid-continent basin.

Approximately 2% of Indiana Gas’s gas supplies are

accessed through the Chicago market hub giving

supply choice from the western Canadian Basin,

Michigan production basin or the Mid-continent

basin.

4Under the order of the IURC, accounting records

and financial reports are maintained and presented

on a consolidated basis.

1The following Investment companies are

registered under the act as closed-end companies:

The Argentina Fund, Inc.; The Brazil Fund, Inc.;

The Korea Fund, Inc.; Scudder Global High Income

Fund, Inc.; and Scudder New Asia Fund, Inc. The

other Investment Companies are registered under

the Act as open-end companies.

2Applicants also request relief for all other

existing or future registered investment companies

and series thereof that are advised by SKI and all

other trusts or other entities excluded from the

definition of ‘‘investment company’’ under section

3(c)(1), 3(c)(7) or 3(c)(11) of the Act now existing

or hereafter established for which SKI acts as

trustee or investment adviser. All Funds that

currently intend to rely on the relief have been

named as applicants, and any other existing or

future Fund that relies on the relief will comply

with the terms and conditions of the application.

nine months ended September 30, 1999,

Indiana Gas had operating revenues of

approximately $419,061,000 and net

income of approximately $31,377,000.

Indiana Gas is also a holding

company because it owns all of the

voting securities of Richmond Gas

Corporation (‘‘Richmond Gas’’) and

Terre Haute Gas Corporation (‘Terre

Haute’’), both public-utility companies.

While Richmond Gas and Terre Haute

technically exist as separate corporate

entities, in accordance with an order

issued by the Indiana Utility Regulatory

Commission (‘‘IURC’’), Indiana Gas,

Richmond Gas and Terre Haute have

combined their operations for all

purposes and are transacting business

under the name of ‘‘Indiana Gas

Company, Inc.’’ 4

The non-utility subsidiaries of

Indiana Energy include: (1) IEI Services,

LLC, which provides support services to

Indiana Energy and its subsidiaries; (2)

IEI Capital Corp., which was formed to

carry out the financing activities of

Indiana Energy; and (3) IEI Investments,

Inc., which was formed to separate the

non-regulated businesses and

investments of Indiana Energy.

Vectren states that the merger will

create a company that is better

positioned to compete in the energy

industry and expects the long-term

value to shareholders to be enhanced

while providing customers with reliable

service at more stable and competitive

prices.

For the Commission by the Division of

Investment Management, under delegated

authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 00–2878 Filed 2–8–00; 8:45 am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

[Investment Company Act Release No.

24276; 812–11458]

Scudder Global Fund, Inc., et al.;

Notice of Application

February 3, 2000.

AGENCY: Securities and Exchange

Commission (‘‘Commission’’).

ACTION: Notice of an application for an

order under section 12(d)(1)(J) of the

Investment Company Act of 1940

(‘‘Act’’) for an exemption from sections

12(d)(1)(A) and (B) of the Act, under

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

exemption from section 17(a) of the Act

and under section 17(d) of the Act and

rule 17d–1 under the Act to permit

certain joint transactions.

SUMMARY OF APPLICATION: Applicants

request an order to permit certain

registered management investment

companies and certain entities that are

excluded from the definition of

investment company by section 3(c)(1),

3(c)(7) or 3(c)(11) of the Act to invest

uninvested cash in (a) affiliated money

market funds and/or short-term bond

funds or (b) one or more affiliated

entities that operate as cash

management investment vehicles and

that are excluded from the definition of

investment company by section 3(c)(1)

or 3(c)(7) of the Act.

APPLICANTS: Scudder Global Fund, Inc.,

Scudder International Fund, Scudder

New Asia Fund, Inc., Scudder Global

High Income Fund, Inc., The Argentina

Fund, Inc., The Brazil Fund, Inc., The

Korea Fund, Inc., The Japan Fund, Inc.,

Scudder California Tax Free Trust,

Scudder Cash Investment Trust,

Scudder Fund, Inc., Scudder Funds

Trust, Scudder GNOME Fund, Scudder

Investment Trust, Scudder Municipal

Trust, Scudder Mutual Funds, Inc.,

Scudder Pathway Series, Scudder

Portfolio Trust, Scudder Securities

Trust, Scudder State Tax Free Trust,

Scudder Tax Free Money Fund, Scudder

Tax Free Trust, Scudder US Treasury

Money Fund, Scudder Variable Life

Investment Fund, CARP Growth Trust,

CARP Income Trust, CARP Managed

Investment Portfolios Trust, CARP Tax

Free Income Trust, CARP Cash

Investment Funds, Kemper Equity

Trust, Kemper Global/International

Series, Inc., Kemper Securities Trust,

Kemper Europe Fund, Investor Fund

Series (collectively, the ‘‘Investment

Companies’’), Scudder Cash

Management Investment Trust

(‘‘SCMIT’’) (together with the

Investment Companies, the ‘‘Funds’’),

Scudder Trust Company (‘‘STC’’), and

Scudder Kemper Investments, Inc.

(‘‘SKI’’).

FILING DATES: The application was filed

on January 8, 1999. Applicants have

agreed to file an amendment during the

notice period, the substance of which is

reflected in this notice.

HEARING OR NOTIFICATION OF HEARING: An

order granting the application will be

issued unless the Commission orders a

hearing. Interested persons may request

a hearing by writing to the

Commission’s Secretary and serving

applicants with a copy of the request,

personally or by mail. Hearing requests

should be received by the Commission

by 5:30 p.m. on February 28, 2000, 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 who wish to be

notified of a hearing may request

notification by writing to the

Commission’s Secretary.

ADDRESSES: Secretary, Commission, 450

Fifth Street, NW, Washington, DC

20549–0609. Applicants, c/o Philip H.

Newsman, Esq., Goodwill, Proctor & Oar

LPL, Exchange Place, Boston, MA

02109.

FOR FURTHER INFORMATION CONTACT:

Lawrence W. Pisto, Senior Counsel, at

(202) 942–0527, or George J. Zornada,

Branch Chief, at (202) 942–0564, Office

of Investment Company Regulation,

Division of Investment Management.

SUPPLEMENTARY INFORMATION: The

following is a summary of the

application. The complete application

may be obtained for a fee at the

Commission’s Public Reference Branch,

450 Fifth Street, NW, Washington, DC

20549–0102 (tel. (202) 942–8090).

Applicants’ Representations

1. Each Investment Company is

organized as a Massachusetts business

trust or a Maryland corporation and is

registered under the Act as a

management investment company.1

SCMIT is a New Hampshire investment

trust that is relying on section 3(c)(1) of

the Act. STC, a New Hampshire banking

corporation, is the trustee of SCMIT and

is controlled by SKI. SKI is registered

under the Investment Advisers Act of

1940 and serves as the investment

adviser to the Funds (SKI and all

entities controlling, controlled by, or

under common control with SKI,

collectively, ‘‘SKI’’).2