Federal Register / Vol. 62, No. 10 / Wednesday, January 15, 1997 / Notices 2199

Institutional Shares because (a)

applicant’s shareholders were

institutions and/or investors meeting

the minimum investment requirements

for this class and (b) the expense ratios

of the Institutional Shares for each

Acquiring Fund Portfolio most nearly

matched the expense ratios of the

corresponding BIT Portfolio.

5. On October 11, 1995, preliminary

proxy materials were filed with the SEC.

On November 9, 1995, definitive proxy

materials were filed with the SEC and

distributed to applicant’s shareholders

on or about that date. At a special

meeting of applicant’s shareholders on

December 20, 1995, applicant’s

shareholders approved the

Reorganization Agreement.

6. On January 13, 1996, the Core bond

Portfolio and the Short Government

Portfolio of the Acquiring Fund

acquired all of the assets and liabilities

of the Core Fixed Income Portfolio and

the Short Duration Portfolio,

respectively, in exchange for

Institutional Shares of the

corresponding Acquiring Fund

Portfolio. On April 26, 1996, the MultiSector Mortgage Securities Portfolio III

of the Acquiring Fund (‘‘Acquiring

Mortgage Portfolio’’) acquired all of the

assets and liabilities of the Mortgage

Portfolio in exchange for Institutional

Shares of the Acquiring Mortgage

Portfolio. Shareholders of each BIT

Portfolio received Institutional Shares

having a net asset value equal to that of

the shares held by them as of the time

of that portfolio’s reorganization, in

liquidation of such BIT Portfolio.

7. Expenses incurred in connection

with the sale of assets of applicant,

totalling $75,000, were assumed by the

Acquiring Fund. These expenses

consisted of proxy/prospectus

preparation, filing, printing and mailing

costs, audit and legal fees and expenses,

and miscellaneous expenses. No

brokerage commissions were incurred in

connection with the reorganization.

8. As of the date of the application,

applicant had no shareholders, assets, or

liabilities. Applicant is not a party to

any litigation or administrative

proceeding. Applicant is neither

engaged, nor does it propose to engage,

in any business activities other than

those necessary for the winding-up of its

affairs.

9. Applicant will file articles of

dissolution with the Maryland State

Department of Assessments and

Taxation to effect its dissolution.

For the SEC, by the Division of Investment

Management, under delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 97–900 Filed 1–14–97; 8:45 am]

BILLING CODE 8010–01–M

Issuer Delisting; Notice of Application

To Withdraw From Listing and

Registration; (Ducommun

Incorporated, Common Stock, $.01 Par

Value) File No. 1–8174

January 9, 1997.

Ducommun Incorporated

(‘‘Company’’) has filed an application

with the Securities and Exchange

Commission (‘‘Commission’’), pursuant

to Section 12(d) of the Securities

Exchange Act of 1934 (‘‘Act’’) and Rule

12d2–2(d) promulgated thereunder, to

withdraw the above specified security

(‘‘Security’’) from listing and

registration on the American Stock

Exchange, Inc. (‘‘Amex’’) and Pacific

Stock Exchange, Inc. (‘‘PSE’’).

The reasons alleged in the application

for withdrawing the Security from

listing and registration include the

following:

According to the Company, the

Security began trading on the New York

Stock Exchange, Inc. (‘‘NYSE’’) on

November 15, 1996. In order to avoid

direct and indirect costs and the

division of the market resulting from

dual listing on Amex, PSE and NYSE,

the Company’s Board of Directors

directed that the Security be delisted

from the Amex and PSE.

Any interested person may, on or

before January 31, 1997, submit by letter

to the Secretary of the Securities and

Exchange Commission, 450 Fifth Street,

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

bearing upon whether the application

has been made in accordance with the

rules of the exchanges and what terms,

if any, should be imposed by the

Commission for the protection of

investors. The Commission, based on

the information submitted to it, will

issue an order granting the application

after the date mentioned above, unless

the Commission determines to order a

hearing on the matter.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.

Jonathan G. Katz,

Secretary.

[FR Doc. 97–898 Filed 1–14–97; 8:45 am]

BILLING CODE 8010–01–M

Issuer Delisting; Notice of Application

To Withdraw From Listing and

Registration; (Epitope, Inc., Common

Stock, No Par Value) File No. 1–10492

January 9, 1997.

Epitope, Inc. (‘‘Company’’) has filed

an application with the Securities and

Exchange Commission (‘‘Commission’’),

pursuant to Section 12(d) of the

Securities Exchange Act of 1934 (‘‘Act’’)

and Rule 12d2–2(d) promulgated

thereunder, to withdraw the above

specified security (‘‘Security’’) for

listing and registration on the American

Stock Exchange, Inc. (‘‘Amex’’).

The reasons alleged in the application

for withdrawing the Security from

listing and registration include the

following:

According to the Company, its Board

of Directors unanimously approved

resolutions on October 14, 1996 to

withdraw the Security from listing on

the Amex and instead, to list the

Security on the National Tier of the

Nasdaq Stock Market (‘‘Nasdaq/NMS’’).

The decision of the Board followed a

presentation made by the Company’s

investment advisor, Vector Securities

International, Inc. and the Board’s

discussion and consideration of the

matter. The Board’s decision was based

on the belief that listing the Security on

the Nasdaq/NMS will be more beneficial

to the Company’s shareholders than the

present listing on the Amex because:

(a) The Nasdaq/NMS system of

competing market makers should result

in greater visibility and sponsorship for

the Security of the Company than is

currently the case under the single

specialist system on the Amex;

(b) Greater liquidity and less volatility

in prices per share when trading volume

is light might be expected as a result of

listing on the Nasdaq/NMS than is

presently the case on the Amex;

(c) Listing on the Nasdaq/NMS system

might be expected to result in there

being a greater number of market makers

in the Security of the Company and

expanded capital base available for

trading in such stock; and

(d) Because it might be expected that

a larger number of firms will make a

market in the Security, it might also be

expected that there will be a greater

interest in information and research

reports respecting the Company and as

a result there may be an increase in the

number of institutional research and

advisory reports reaching the

investment community with respect to

the Company.

Any interested person may, on or

before January 31, 1997 submit by letter

to the Secretary of the Securities and

Exchange Commission, 450 Fifth Street,