Federal Register / Vol. 63, No. 80 / Monday, April 27, 1998 / Notices 20681

Turkcell. Applicant argues that this

arrangement is necessitated by Turkish

tax law and that the arrangement will

provide the noteholders with the

functional equivalent of a guarantee by

Turkcell. For the above states reasons

applicant argues that it is not the type

of entity intended to be regulated under

the Act.

Applicant’s Condition

Applicant agrees that any order

granting the requested relief will be

subject to the following condition:

Applicant will comply with all

provisions of rule 3a–5 under the Act

except: (i) With respect to rule 3a–

5(b)(1)(i), applicant’s common shares

will be owned by the Foundation for the

benefit of the Charity, and (ii) with

regard to rule 3a–5(a)(1), the

noteholders will have recourse to

Turkcell for payment of principal and

interest on the Notes as described in the

application. Applicant’s articles of

incorporation and the trust indenture

agreement will: (1) Limit applicant’s

activities to issuing Notes or other debt

securities, loaning the proceeds to

Turkcell, and assigning all of its rights

to repayment from Turkcell to the

Trustee; (ii) prohibit the sale of

applicant’s common shares held by the

Foundation; and (iii) enable the Trustee

in the event of a payment default to

proceed directly against Turkcell, as

assignee of the loan agreement between

applicant and Turkcell.

For the Commission, by the Division of

Investment Management, under delegated

authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 98–11046 Filed 4–24–98; 8:45 am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

Issuer Delisting; Notice of Application

To Withdraw From Listing and

Registration; (Key Energy Group, Inc.,

Common Stock, $.10 Par Value) File

No. 1–8038

April 21, 1998.

Key Energy Group, 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’’)

from listing and registration on the

American Stock Exchange, Inc.

(‘‘Amex’’ or ‘‘Exchange’’).

The reasons cited in the application

for withdrawing the Security from

listing and registration include the

following:

The Company’s Security has been

listed for trading on the Amex and,

pursuant to a Registration Statement on

Form 8–A which became effective on

March 31, 1998, the New York Stock

Exchange, Inc. (‘‘NYSE’’). Trading in the

Security on the NYSE commenced on

April 6, 1998, and concurrently

therewith such Security was suspended

from trading on the Amex.

In making the decision to withdraw

its Security from listing on the Amex,

the Company considered the sufficient

liquidity provided by its listing and

registration on the NYSE and the

corresponding reduction in benefits

provided by the costs associated with

maintaining the Amex listing.

The Company has complied with Rule

18 of the Amex by filing with such

Exchange a certified copy of the

resolutions adopted by the Company’s

Board of Directors authorizing the

withdrawal of its Security from listing

on the Amex and by setting forth in

detail to such Exchange the reasons for

such proposed withdrawal, and the facts

in support thereof.

By letter dated March 25, 1998, the

Exchange informed the Company that

its has no objection to the withdrawal of

the Company’s Security from listing on

the Amex.

By reason of Section 12(b) of the Act,

and the rules and regulations

thereunder, the Company shall continue

to be obligated to file reports under

Section 13 of the Act with the

Commission and the NYSE.

Any interested person may, on or

before May 12, 1998, 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 Exchange 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. 98–11096 Filed 4–24–98; 8:45 am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

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 meeting during

the week of April 27, 1998.

A closed meeting will he held on

Thursday, April 30, 1998, at 10:00 a.m.

Commissioners, Counsel to the

Commissioners, the Secretary to the

Commission, and recording secretaries

will attend the closed meeting. Certain

staff members who have an interest in

the matters may also be present.

The General Counsel of the

Commission, or his designee, has

certified that, in his opinion, one or

more of the exemptions set forth in 5

U.S.C. 552b(c)(4), (8), (9)(A) and (10)

and 17 CFR 200.402(a)(4), (8), (9)(i) and

(10), permit consideration of the

scheduled matters at the closed meeting.

Commissioner Hunt, as duty officer,

voted to consider the items listed for the

closed meeting in a closed session.

The subject matter of the closed

meeting scheduled for Thursday, April

30, 1998, at 10:00 a.m., will be:

Instituion and settlement of injunctive

actions.

Institution and settlement of

administrative proceedings of an

enforcement nature.

At times, changes in Commission

priorities require alterations in the

scheduling of meeting items. For further

information and to ascertain what, if

any, matters have been added, deleted

or postponed, please contact:

The Office of the Secretary at (202)

942–7070.

Dated: April 23, 1998.

Jonathan G. Katz,

Secretary.

[FR Doc. 98–11207 Filed 4–23–98; 11:42 am]

BILLING CODE 8010–01–M

OFFICE OF THE UNITED STATES

TRADE REPRESENTATIVE

Notice of Meeting of the Industry

Sector Advisory Committee on Small

and Minority Business (ISAC–14)

AGENCY: Office of the United States

Trade Representative.

ACTION: Notice of meeting.

SUMMARY: The Industry Sector Advisory

Committee on Small and Minority

Business (ISAD–14) will hold a meeting

on May 6, 1998 from 1:45 p.m. to 3:45

p.m. The entire meeting will be open to

the public.