13414 Federal Register / Vol. 62, No. 54 / Thursday, March 20, 1997 / Notices

For the Commission, by the Division of

Investment Management, under delegated

authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 97–6969 Filed 3–19–97; 8:45 am]

BILLING CODE 8010–01–M

[Rel. No. IC–22562; 811–8072]

Provident Institutional Funds, Inc.;

Notice of Application

March 13, 1997.

AGENCY: Securities and Exchange

Commission (‘‘SEC’’).

ACTION: Notice of Application for

Deregistration under the Investment

Company Act of 1940 (the ‘‘Act’’).

APPLICANT: Provident Institutional

Funds, 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 23, 1996 and amended on

March 10, 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

April 7, 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, Bellevue Park Corporate

Center, 400 Bellevue Parkway,

Wilmington, Delaware 19809.

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.

Applicant is the successor by merger to

Piper Trust Funds, Inc. On October 8,

1993, 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. The registration statement

became effective on February 9, 1994,

and applicant commenced a public

offering of each of its two classes of

shares—the Short Duration Fund and

the Intermediate Duration Fund

(‘‘Funds’’)—on the same date.

2. On February 2, 1996, applicant’s

board of directors authorized that, upon

the redemption of all of the outstanding

shares of each Fund, appropriate

officers are to take all actions necessary

to effect the deregistration of the

Applicant and its shares under the Act

and the Securities Act of 1933.

Applicant states that the Funds were

liquidated because the sole shareholder

of each Fund had expressed a desire to

redeem its investment, because neither

the Short Duration Fund nor the

Intermediate Duration Fund had been

able to increase its assets to a significant

amount.

3. On June 21, 1996, each Fund’s sole

shareholder gave notice that each

wished to redeem its shares. On that

date, the Short Duration Fund and the

Intermediate Duration Fund had assets

equal to $77,786,018 and $18,978,542

with net asset values per share of $9.72

and $9.49, respectively. On June 24,

1996, all of the assets of the Funds were

distributed in kind at net asset value to

each Fund’s sole shareholder.

4. In connection with the liquidation,

applicant has incurred certain expenses

such as professional fees, fees to the

administrator, transfer agent and

custodian, filing fees and expenses

associated with the winding up of

applicant’s affairs. The expenses

incurred by the Short Duration Fund

and the Intermediate Duration Fund

were approximately $84,987 and

$24,026, respectively. These expenses

were borne by the Funds. No brokerage

commissions were paid in connection

with the liquidation. The unamortized

organizational expenses of each Fund

were borne by its investment adviser,

PNC Institutional Management

Corporation.

5. Applicant has no 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. Applicant

intends to file the necessary

documentation 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. 97–6970 Filed 3–19–97; 8:45 am]

BILLING CODE 8010–01–M

[Release No. 35–26686]

Filings Under the Public Utility Holding

Company Act of 1935, as Amended

(‘‘Act’’)

March 14, 1997.

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 thereunder. All interested

persons are referred to the application(s)

and/or declaration(s) for complete

statements of the proposed

transaction(s) summarized below. The

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

any amendments thereto is/are available

for public inspection through the

Commission’s Office of Public

Reference.

Interested persons wishing to

comment or request a hearing on the

application(s) and/or declaration(s)

should submit their views in writing by

April 7, 1997, to the Secretary,

Securities and Exchange Commission,

Washington, D.C. 20549, 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 shall

identify specifically the issues of fact 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 said date, the application(s) and/

or declaration(s), as filed or as amended,

may be granted and/or permitted to

become effective.

Southern California Water Company

(70–9013)

Southern California Water Company

(‘‘SCWC’’), 630 East Foothill Boulevard,

San Dimas, California 91773, an electric

utility company, has filed an

application seeking an exemptive order

under section 3(a)(1) of the Act. SCWC

seeks the requested exemption, from all