36946 Federal Register / Vol. 63, No. 130 /Wednesday, July 8, 1998 / Notices

1PTE 93–69 provided, in part, an exemption from

certain prohibited transaction restrictions of the

Employee Retirement Income Security Act of 1974

for the acquisition and holding by the Navistar

International Transportation Corporation Retiree

Health Benefit and Life Insurance Plan of shares of

Class B common stock and Series A preference

stock of NIC.

exemption will cease to apply as of the

date of such change. In the event of any

such change, an application for a new

exemption must be made to the

Department.

For a more complete statement of the

facts and representations supporting the

Department’s decision to grant this

exemption, refer to the proposed

exemption (i.e., the Notice) and the

prior grant notice for PTE 97–35, which

are cited above.

Signed at Washington, D.C., this 1st day of

July, 1998.

Ivan L. Strasfeld,

Director of Exemption Determinations,

Pension and Welfare Benefits Administration,

U.S. Department of Labor.

[FR Doc. 98–18011 Filed 7–7–98; 8:45 am]

BILLING CODE 4510–29–P

DEPARTMENT OF LABOR

Pension and Welfare Benefits

Administration

Withdrawal of Notice of Proposed

Amendments to Prohibited

Transaction Exemption (PTE 93–69)

Involving the Navistar International

Transportation Corporation (Navistar);

Located in Chicago, IL and the

Supplemental Program Committee of

the Navistar International

Transportation Corporation Retiree

Health Benefit and Life Insurance Plan

(Supplemental Program Committee)

Located in Euclid, OH

[Exemption Application Nos. D–10470 and

D–10576]

AGENCY: Pension and Welfare Benefits

Administration, Department of Labor.

ACTION: On June 19, 1998 the

Department of Labor (Department)

published a notice of proposed

amendments (the Notice) to PTE 93–69

(63 FR 33732). The Notice concerned

proposed amendments to PTE 93–69 to

permit the Supplemental Benefit

Program Trust (Trust) to sell Navistar

International Corporation (NIC)

common stock to either NIC or Navistar

after the expiration of the lockup period

(July 1, 1998) and to allow William

Craig, a member of the Supplemental

Program Committee, to serve on the NIC

board of directors.

In a comment letter dated June 18,

1998, Navistar’s representative informed

the Department that the Trust sold all of

the shares which would have been the

subject of the amendments. Since the

Trust no longer holds the stock it no

longer has the right to appoint any

members of the board of directors of

NIC.1

Due to the above noted changes

regarding the facts and representations

contained in the applications, the

Department has determined to withdraw

this notice of proposed amendments

from the Federal Register. Accordingly,

this notice of pendency is hereby

withdrawn.

Signed at Washington, DC this 30th day of

June, 1998.

Ivan L. Strasfeld,

Director of Exemption Determinations,

Pension and Welfare Benefits Administration,

U.S. Department of Labor.

[FR Doc. 98–18009 Filed 7–7–98; 8:45 am]

BILLING CODE 4510–29–P

DEPARTMENT OF LABOR

Pension and Welfare Benefits

Administration

[Application No. D–10438, et al.]

Proposed Exemptions; Toyota Motor

Credit Corporation

AGENCY: Pension and Welfare Benefits

Administration, Labor.

ACTION: Notice of proposed exemptions.

SUMMARY: This document contains

notices of pendency before the

Department of Labor (the Department) of

proposed exemptions from certain of the

prohibited transaction restrictions of the

Employee Retirement Income Security

Act of 1974 (the Act) and/or the Internal

Revenue Code of 1986 (the Code).

Written Comments and Hearing

Requests

All interested persons are invited to

submit written comments or request for

a hearing on the pending exemptions,

unless otherwise stated in the Notice of

Proposed Exemption, within 45 days

from the date of publication of this

Federal Register Notice. Comments and

requests for a hearing should state: (1)

the name, address, and telephone

number of the person making the

comment or request, and (2) the nature

of the person’s interest in the exemption

and the manner in which the person

would be adversely affected by the

exemption. A request for a hearing must

also state the issues to be addressed and

include a general description of the

evidence to be presented at the hearing.

ADDRESSES: All written comments and

request for a hearing (at least three

copies) should be sent to the Pension

and Welfare Benefits Administration,

Office of Exemption Determinations,

Room N–5649, U.S. Department of

Labor, 200 Constitution Avenue, N.W.,

Washington, D.C. 20210. Attention:

Application No. ll, stated in each

Notice of Proposed Exemption. The

applications for exemption and the

comments received will be available for

public inspection in the Public

Documents Room of Pension and

Welfare Benefits Administration, U.S.

Department of Labor, Room N–5507,

200 Constitution Avenue, N.W.,

Washington, D.C. 20210.

Notice to Interested Persons

Notice of the proposed exemptions

will be provided to all interested

persons in the manner agreed upon by

the applicant and the Department

within 15 days of the date of publication

in the Federal Register. Such notice

shall include a copy of the notice of

proposed exemption as published in the

Federal Register and shall inform

interested persons of their right to

comment and to request a hearing

(where appropriate).

SUPPLEMENTARY INFORMATION: The

proposed exemptions were requested in

applications filed pursuant to section

408(a) of the Act and/or section

4975(c)(2) of the Code, and in

accordance with procedures set forth in

29 CFR Part 2570, Subpart B (55 FR

32836, 32847, August 10, 1990).

Effective December 31, 1978, section

102 of Reorganization Plan No. 4 of

1978 (43 FR 47713, October 17, 1978)

transferred the authority of the Secretary

of the Treasury to issue exemptions of

the type requested to the Secretary of

Labor. Therefore, these notices of

proposed exemption are issued solely

by the Department.

The applications contain

representations with regard to the

proposed exemptions which are

summarized below. Interested persons

are referred to the applications on file

with the Department for a complete

statement of the facts and

representations.

Toyota Motor Credit Corporation and

Certain of its Affiliates, Located in

Torrance, California

[Application No. D–10438]

Proposed Exemption

The Department is considering

granting an exemption under the

authority of section 408(a) of the Act

and section 4975(c)(2) of the Code and

in accordance with the procedures set