Federal Register / Vol. 63, No. 109 / Monday, June 8, 1998 / Notices 31245

Funds would be on the same basis and

consistent with the purposes of the Act.

Applicants’ Conditions

Applicants agree that the order

granting the requested relief will be

subject to the following conditions:

1. Shares of the Money Market Funds

sold to and redeemed from the Investing

Funds will not be subject to a sales load,

redemption fee, distribution fee under a

plan adopted in accordance with rule

12b–1, or service fee (as defined in

section 2830(b)(9) of the NASD Rules of

Conduct).

2. If Janus Capital collects from the

Money Market Funds a fee for acting as

investment adviser with respect to

assets invested by the Investing Funds,

before the next meeting of the board of

trustees of an Investing Fund (‘‘Board’’)

that invests in the Money Market Funds

is held for the purpose of voting upon

an investment advisory contract of the

Investing Fund under section 15 of the

Act, Janus Capital will provide the

Board with specific information

regarding the approximate cost to Janus

Capital for, or the portion of the

investment advisory fee under, the

existing investment advisory agreement

attributable to managing the assets of

the Investing Fund that can be invested

in such Money Market Funds. Before

approving any investment advisory

contract under section 15 of the Act, the

Board of the Investing Fund, including

a majority of the trustees who are not

‘‘interested persons’’ as defined in

section 2(a)(19) of the Act, shall

consider to what extent, if any, the

investment advisory fees charged to the

Investing Fund by Janus Capital should

be reduced to account for the

investment advisory fees indirectly paid

by the Investing Fund because of the

investment advisory fee paid by the

Money Market Fund to Janus Capital.

The minute books of the Investing Fund

will record fully the Board’s

consideration in approving the

investment advisory contract, including

the consideration relating to fees

referred to above.

3. Each of the Investing Funds will

invest Uninvested Cash in, and hold

shares of, the Money Market Funds only

to the extent that the Investing Fund’s

aggregate investment in the Money

Market Funds does not exceed 25% of

the Investing Fund’s total assets. For

purposes of this limitation, each

Investing Fund will be treated as a

separate investment company.

4. Investment in shares of the Money

Market Funds will be in accordance

with each Investing Fund’s investment

restrictions and policies as set forth in

its prospectus and statement of

additional information.

5. No Money Market Fund shall

acquire securities of any other

investment company in excess of the

limits contained in section 12(d)(1)(A)

of the Act, except as permitted by the

Interfund Lending Order.

For the SEC, by the Division of Investment

Management, under delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 98–15076 Filed 6–5–98; 8:45 am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

Issuer Delisting; Notice of Application

To Withdraw From Listing and

Registration; (The Parts Source, Inc.,

Common Stock, $.001 Par Value) File

No. 1–14308

June 1, 1998.

The Parts Source, 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

Boston Stock Exchange, Inc. (‘‘BSE’’ or

‘‘Exchange’’).

The reasons cited in the application

for withdrawing the Security from

listing and registration include the

following:

The Security has been listed for

trading on the BSE and the Nasdaq

Stock Market (‘‘Nasdaq’’) pursuant to a

Registration Statement on Form 8–A

which became effective April 8, 1996.

The Company has complied with the

BSE rules by filing with the Exchange a

certified copy of a resolution adopted by

the Company’s Board of Directors

authorizing the withdrawal of the

Security from listing and registration on

the BSE and by setting forth in detail to

the Exchange the reasons and facts

supporting the withdrawal.

In making the decision to withdraw

its Security from listing and registration

on the BSE, the Company considered

primarily the direct and indirect costs

and expenses attendant on maintaining

the listing of its Security on the BSE.

The Company does not see any

particular advantage in the dual trading

of its Security.

By letter dated May 12, 1998, the BSE

informed the Company that it had no

objection to the withdrawal of the

Company’s Security from listing and

registration on the BSE.

By reason of Section 12(g) of the Act

and the rules and regulations

thereunder, the Company shall continue

to be obligated to file reports with the

Commission under Section 13 of the

Act.

Any interested person may, on or

before June 22, 1998, submit by letter to

the Secretary of the Securities and

Exchange Commission, 450 Fifth Street,

NW, Washington, DC 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. 98–15074 Filed 6–5–98; 8:45 am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

[Release No. IC–23234; File No. 812–11010]

Security Life of Denver Insurance

Company, et al.; Notice of Application

June 1, 1998.

AGENCY: Securities and Exchange

Commission (the ‘‘Commission’’).

ACTION: Notice of Application for an

order pursuant to Sections 17(b) and

26(b) of the Investment Company Act of

1940 (‘‘1940 Act’’).

SUMMARY OF APPLICATION: Applicants

seek an order approving the substitution

of shares of the Limited Maturity Bond

Portfolio (‘‘Limited Maturity Bond

Portfolio’’) of Neuberger & Berman

Advisers Management Trust (the

‘‘Trust’’) for shares of the Government

Income Portfolio (‘‘Government Income

Portfolio’’) of the Trust (Limited

Maturity Bond Portfolio and

Government Income Portfolio, the

‘‘Portfolios’’). Thereafter, the Limited

Maturity Bond Portfolio together with

certain other series of the Trust, as well

as other investment options will

continue to serve as the eligible funding

vehicles under group and individual

flexible premium deferred combination

variable annuity contracts and

individual flexible premium variable

universal life insurance policies

(collectively, ‘‘Contracts’’) offered by