39600 Federal Register / Vol. 63, No. 141 /Thursday, July 23, 1998 / Notices

1According to the request, the Postal Service

currently is conducting an operations test of the

proposed Mailing Online service with one postal

web server, one printer contractor, and a maximum

of 200 customers located in Tampa, FL and

Hartford, CT. Test customers currently pay the

single-piece First-Class rate for mailing, but no

additional fee for production of the mailpiece

entered into the postal system. Request at 2.

II

It is stated in 10 CFR 73.55,

‘‘Requirements for physical protection

of licensed activities in nuclear power

reactors against radiological sabotage,’’

paragraph (a), that ‘‘The licensee shall

establish and maintain an onsite

physical protection system and security

organization which will have as its

objective to provide high assurance that

activities involving special nuclear

material are not inimical to the common

defense and security and do not

constitute an unreasonable risk to the

public health and safety.’’

By letter dated June 19, 1997, the

licensee requested three exemptions

from certain requirements of 10 CFR

73.55. Specifically, two of these

exemptions are being granted at this

time as follows: (1) 10 CFR 73.55(c)(1)—

devitalization of vital areas and (2) 10

CFR 73.55(h)(3)—reduction of the

security shift staffing. The proposed

exemptiom is a preliminary step toward

enabling CYAPCO to revise the Haddam

Neck Security Plan under 10 CFR

50.54(p) to implement a defueled

security plan that was developed to

protect against radiological sabotage at a

permanently shutdown reactor facility

with all fuel stored in the spent fuel

storage pool.

III

Pursuant to 10 CFR 73.5, ‘‘Specific

exemptions,’’ the Commission may,

upon application of any interested

person or upon its own initiative, grant

such exemptions in this part as it

determines are authorized by law and

will not endanger life or property or the

common defense and security, and are

otherwise in the public interest. The

Code of Federal Regulations at 10 CFR

73.55 allows the Commission to

authorize a licensee to provide

alternative measures for protection

against radiological sabotage, as long as

the licensee demonstrates that the

proposed measures meet the general

performance requirements of the

regulation and that the overall level of

system performance provides protection

against radiological sabotage equivalent

to that stated in the regulation.

The underlying purpose of 10 CFR

73.55 is to give reasonable assurance

that adequate security measures can be

taken in the event of an act of

radiological sabotage. Because of its

permanently shutdown and defueled

condition, HNP presents a reduced

radiological risk from that posed by an

operating unit. With more than 500 days

of radiological and heat decay since the

plant was shut down on July 22, 1996,

the potential source term of gaseous and

volatile radionuclides associated with

the remaining design-basis accidents

and radiological sabotage has decreased

substantially.

IV

For the foregoing reasons, the

Commission has determined that the

proposed alternative measures for

protection against radiological sabotage

meet the assurance objective and

general performance requirements of 10

CFR 73.55 for a permanently shut-down

reactor site that has placed all of its fuel

in the spent fuel pool. In addition, the

staff has determined that the overall

level of the proposed system’s

performance, as limited by this

exemption, would not result in a

reduction in the physical protection

capabilities for the protection of special

nuclear material or of the HNP facility.

Specifically, a limited exemption is

being granted for two specific areas in

which the licensee is authorized to

modify the existing security plan

commitments commensurate with the

security threats associated with a

permanently shutdown and defueled

site: (1) devitalization of vital areas and

(2) reduction of security shift staffing.

Accordingly, the Commission has

determined that, pursuant to 10 CFR

73.5, this exemption is authorized by

law, will not endanger life or property

or the common defense and security,

and is otherwise in the public interest.

Therefore, the Commission hereby

grants CYAPCO a limited exemption as

described above from those

requirements of 10 CFR 73.55 at HNP in

its permanently defueled condition.

Pursuant to 10 CFR 51.32, the

Commission has determined that this

exemption will not have a significant

effect on the quality of the human

environment (63 FR 36969, July 8,

1998).

This exemption is effective upon

issuance.

Dated at Rockville, Maryland this 15th day

of July 1998.

For the Nuclear Regulatory Commission.

Samuel J. Collins,

Director, Office of Nuclear Reactor

Regulation.

[FR Doc. 98–19636 Filed 7–22–98; 8:45 am]

BILLING CODE 7590–01–P

POSTAL RATE COMMISSION

[Docket No. MC98–1; Order No. 1216]

Mail Classification Proceeding

(Authority: 39 U.S.C. 3623)

AGENCY: Postal Rate Commission.

ACTION: Notice and Order Concerning

Request for Experimental Online

Mailing Service and Fees, including

Market Test.

SUMMARY: This notice and order

addresses legal and administrative

matters related to the Postal Service’s

request for expedited consideration of

an experimental mail classification and

fee schedule for an online mailing

special service. The Service proposes

that a market test of the proposed

service precede introduction. The

proposed duration of the experiment is

2 years.

DATES: See SUPPLEMENTARY INFORMATION

section for dates.

ADDRESSES: SEE SUPPLEMENTARY

INFORMATION section for address to

which communications concerning this

notice and order should be sent.

FOR MORE INFORMATION CONTACT:

Stephen L. Sharfman, General Counsel,

1333 H St., NW, Washington, DC

20268–0001, 202–789–6820.

SUPPLEMENTARY INFORMATION: Notice is

hereby given that on July 15, 1998, the

United States Postal Service filed a

Request with the Postal Rate

Commission pursuant to sec. 3623 of the

Postal Reorganization Act, 39 U.S.C. 101

et seq., for a recommended decision on

proposed additions to the Domestic

Mail Classification Schedule (DMCS) on

an experimental basis. The request also

incorporates a proposal for the

establishment of associated new fees.

The request includes attachments and is

supported by the testimony of eight

witnesses and four library references. It

is on file in the Commission docket

room and is available for inspection

during the Commission’s regular

business hours. For interested persons

who have access to the internet, the

request and related documents are

available on the Commission’s home

page at http://www.prc.gov/wsdocs/

MC98–1/MC98–1.htm.

Proposed market test preceding

establishment of experimental mail

classification and fees.

The Postal Service indicates that it

desires to conduct a market test of the

proposed online mailing service prior to

its introduction as an experimental mail

classification. The Service proposes to

conclude a current operations test 1 and
Federal Register / Vol. 63, No. 141 /Thursday, July 23, 1998 / Notices 39601

2Motion of the United States Postal Service for

expedition and for waiver of certain provisions of

rule 161 and certain provisions of rule 64(h), July

15, 1998, at 1.

3 In addition to offering Mailing Online users the

opportunity to use First-Class Mail or standard mail

regular rates, a witness for the Postal Service states

in part of its pre-filed testimony that the Service is

developing a means for verifying the eligibility of

mailers with standard nonprofit permits, so that

they may use the service to mail at standard

nonprofit rates.

4The Postal Service anticipates that printing costs

may vary substantially by region because of

differing levels of labor and real estate costs. Thus,

a Mailing Online user whose documents are sent to

a printing site located in a higher-cost area would

likely pay higher fees than if the same services were

performed by a printer in a lower-cost area.

begin a more extensive market test of

the service, at interim fees to be

recommended by the Commission, in

early September of this year. Postal

Service Request at 2–3.

Under the Service’s proposal, the

market test would be conducted while

the Commission considers its request to

establish Mailing Online as an

experimental service. The interim

market test fees would remain in effect

pending the Commission’s issuance of a

recommended decision on the proposed

experimental mail classification, and

would expire upon implementation of

the requested experimental service, or

within 3 months of a decision rejecting

the latter proposal. In a separate motion

filed by the Postal Service, which is

described in more detail below, the

Service states that its ‘‘preferred

objective for this experiment is to have

it recommended by the Commission by

the end of November, 1998.’’ 2 In the

event the Commission recommends the

experimental classification and

associated fees, the Service anticipates

that they will be implemented together

with the new rates and fees that the

Governors of the Postal Service have

resolved to put into effect on January 10,

1999, in connection with Docket No.

R97–1. The Service proposes that the

experimental service have a duration of

2 years.

Description of Request

The proposed Mailing Online service

would enable individuals and

organizations with access to a personal

computer and an internet connection to

transmit documents created on their

computers to the Postal Service in

digital form for printing and entry as

mail, paying online in a single

transaction. Users would transmit

digital document files generated in any

of several selected word processing and

desktop publishing applications,

together with recipient information and

other data, to a designated Postal

Service site on the world wide web. The

Service would offer users a number of

choices regarding printing and finishing

specifications, customization of output

by recipient variables in the user’s

database, and scheduling of a specific

mailing date.

Users of the proposed Mailing Online

service would be charged existing

postage rates for mailing, plus a fee for

production and other pre-mailing

services. Depending upon the character

of the material being sent and the user’s

service preference, mail pieces

generated by the Mailing Online service

would be charged postage at either the

First-Class or standard mail automation

basic rates applicable to the finished

mail piece.3

In lieu of specific unit fees for the

Mailing Online special service, the

Postal Service proposes what might be

described as a ‘‘cost plus’’ approach to

fee calculation. For the duration of the

market test, the Service proposes that

fee elements be set at the unit contract

cost of the respective service feature to

the Postal Service, multiplied by a factor

of 1.25 to provide a resulting cost

coverage of 125 percent. According to

the Service, these various costs will be

established in the Mailing Online

printer contract to be awarded during

August 1998. For the subsequent

experimental service phase, the Service

proposes fees to be calculated by

multiplying the sum of printer

contractual costs for the particular

mailing 4 by the same 125 percent cost

coverage, then adding 0.1 cent per

impression to recover other Postal

Service costs. Postal Service Request,

Attachment B1, page 2; Attachment B2,

page 1.

Expedited Consideration of the Request

The Service’s request invokes the

operation of two independent portions

of the Commission’s rules of practice

and procedure which provide for

expedited consideration of requests for

particular types of mail classification

changes. The first of these,

encompassing rules 67 through 67d (39

CFR 3001.67 through 3001.67d), applies

to requests for new services or mail

classification changes that are

experimental in character. These rules

provide for the adoption of streamlined

procedures for considering such

requests, and require participants to

identify the genuine issues of material

fact raised by the Postal Service

proposal in order to limit formal

hearings to those issues. 39 CFR

3001.67a. They also provide for

establishment of a procedural schedule

that will allow issuance of a

recommended decision within 150 days

from any favorable determination the

Commission may make as to the

propriety of treating the Postal Service

proposal as experimental. 39 CFR

3001.67d.

In connection with the proposed

interim market test, the Postal Service

also invokes the operation of subpart I

of the rules of practice, 39 CFR 3001.161

through 3001.166. The purpose of these

expedited procedures, as stated in 39

CFR 3001.164, ‘‘is to allow for

consideration of proposed market tests

within 90 days, consistent with the

procedural due process rights of

interested persons.’’ Section 3001.163(e)

requires any participant who wishes to

dispute a genuine issue of material fact

presented by the Service’s request to

identify facts it will controvert with

specificity, and provides for formal

hearings only when the Commission

determines that there is a genuine and

material factual issue to be resolved,

and that a hearing is needed for that

purpose.

According to the Service, its request

is suitable for consideration under both

the experimental service and market test

rules. Mailing Online service qualifies

for consideration under the market test

rules, the Service states, because the

proposed test would be modest in

scope, scale, duration, and potential

impact, and because it is being

conducted ‘‘as a stepping stone to a

more permanent service offering.’’

Request at 5. (Footnote omitted.) The

proposed service also qualifies for

consideration as an experiment, the

Service submits, in view of its novelty

as an electronic means of presenting

documents for entry into the mail; the

modest anticipated magnitude of its

impact upon postal costs and revenues,

and the mailing costs and practices of

mail users; the need to gather

information suitable for supporting a

request for a permanent mail

classification change; and the

desirability of a two-year experiment to

generate cost and volume information,

as well as to demonstrate the viability

of the service. Id. at 6–7.

In a separate notice dated July 15,

1998, a copy of which was filed with its

request, the Postal Service certifies that

it has complied with the early

notification requirement specified for

requested market tests in 39 CFR

3001.163(d).

Motion for Expedition and Waiver of

Certain Provisions

The Postal Service’s request was also

accompanied by a pleading captioned,

‘‘Motion of the United States Postal

Service for expedition, and for waiver of

certain provisions of rule 161 and
39602 Federal Register / Vol. 63, No. 141 /Thursday, July 23, 1998 / Notices

certain provisions of rule 64(h).’’ In this

pleading, the Service asks the

Commission to accelerate the expedited

consideration of its request provided by

the experimental service rules to

achieve the Postal Service’s preferred

objective of issuance of a decision by

the end of November 1998. According to

the Service, the accelerated procedural

schedule it seeks is required to allow it

‘‘to explore the possibility that major

software developers could integrate

Mailing Online into impending updates

of software in order to make the service

widely and easily available to

individual, small-office, and homeoffice mailers.’’ Motion at 2.

Additionally, the Service notes, a

Commission decision no later than the

end of November would accommodate

the Service’s planned deployment

schedule that calls for nationwide

customer access to Mailing Online

service in January 1999. Ibid.

The Service’s motion also requests

that portions of Commission rules 161

and 64(h) be waived in this case. To the

extent that rule 161(a) could be read to

require the filing of a contemporaneous

request for a permanent classification

change as a prerequisite for a market

test, the Postal Service requests a waiver

of that requirement so that it may go

forward with the market test at interim

fees to be recommended by the

Commission. Id. at 2–3. Pursuant to rule

64(h)(3), the Service also asks to be

relieved of the obligation to produce

certain information regarding cost and

revenue effects of its proposal, on the

grounds that its proposal would not

change any existing rates or fee, or

produce a significant impact upon the

cost-revenue relationships of existing

postal services. Id. at 5–7. Specifically,

the Service seeks waiver of rules

54(b)(3) in part, 54(f)(2), 54(f)(3), 54(h),

54(j), and 54(l) in part. Id. at 8–9.

Further Procedures; Filing Address

Rule 163(b) provides that interested

persons may intervene in proceedings to

consider Postal Service requests to

conduct a market test within 28 days

after the Service’s filing. Accordingly,

anyone wishing to be heard in this

matter is directed to file a written notice

of intervention with Margaret P.

Crenshaw, secretary of the Commission,

1333 H Street NW, Suite 300,

Washington, DC 20268–0001, on or

before August 12, 1998. Intended

participants should indicate whether

they request formal intervention or

limited participator status. See 39 CFR

3001.20 and 3001.20a.

Rule 163(e) [39 CFR 3001.163(e)]

states that the Commission will hold

hearings on a Postal Service request for

a market test ‘‘when it determines that

there is a genuine issue of material fact

to be resolved, and that a hearing is

needed to resolve that issue.’’ To assist

that determination, the same subsection

directs parties who wish to dispute a

genuine issue of material fact to file a

request for a hearing, which:

shall state with specificity the fact or facts set

forth in the Postal Service’s filing that the

party disputes, and when possible, what the

party believes to be the true fact or facts and

the evidence it intends to provide in support

of its position.

Ibid.

Any participant who wishes to

dispute a genuine issue of material fact

to be resolved with regard to the Postal

Service’s proposed market test in this

proceeding shall file a request for a

hearing as specified in rule 163(e) by

August 12, 1998. In order to assist the

Commission’s determination of whether

a hearing is necessary, should any

written discovery be directed to the

Postal Service by a participant before

August 12, 1997, the Postal Service shall

respond within 10 days.

With regard to the Service’s longerterm request to establish Mailing Online

service as an experimental mail

classification, rule 67(c) provides that

the Commission will entertain

representations by participants that the

proposal should not be considered as an

experiment, and should follow the

normal mail classification change

procedures. Any participant intending

to make such a representation shall do

so by pleading no later than August 12,

1998.

In addition, rule 67a(b) requires

parties to proceedings in which the

Postal Service seeks a classification

change it denominates as experimental

in character to file statements of the

issues they perceive in the case at the

earliest possible time following the

filing of the Service’s request, or

following a determination that the

proposed change is experimental in

character. In view of the Service’s

motion for extraordinarily expeditious

consideration of its proposal,

participants’ statements of issues shall

also be due no later than August 12,

1998.

A prehearing conference will be held

in this proceeding on Friday, August 14,

1998, at 9:30 a.m. in the Commission’s

hearing room. Participants should be

prepared to discuss what formal

procedures, including hearings, may be

necessary and appropriate in this

docket. In addressing the issue of

appropriate procedures in this docket,

participants should also be prepared to

address the potentially different

procedural requirements presented by

the Postal Service’s market test proposal

and its request for establishment of

Mailing Online as an experimental

service. If the Commission determines

that formal hearings to resolve genuine

issues of material fact are required for

either or both, hearings to evaluate the

supporting evidence presented by the

Postal Service may be scheduled to

begin as soon as August 26, 1998. The

presiding officer will establish

subsequent procedural dates.

Representation of the General Public

In conformance with 39 U.S.C.

3624(a), the Commission designates W.

Gail Willette, acting Director of the

Commission’s office of the consumer

advocate (OCA), to represent the

interests of the general public in this

proceeding. Pursuant to this

designation, Ms. Willette will direct the

activities of Commission personnel

assigned to assist her and, when

requested, will supply their names for

the record. Neither Ms. Willette nor any

of the assigned personnel will

participate in or provide advice on any

Commission decision in this

proceeding. The OCA shall be

separately served with three copies of

all filings, in addition to and

contemporaneous with, service on the

Commission of the 24 copies required

by rule 10(c) (39 CFR 3001.10(c)).

It is ordered:

1. The Commission will sit en banc in

this proceeding.

2. Notices of intervention shall be

filed no later than August 12, 1998.

3. Participants who wish to request a

hearing on the Postal Service’s request

in this docket to conduct a market test

shall submit such a request, together

with statements in conformance with 39

CFR 3001.163(e), no later than August

12, 1998.

4. Statements of issues presented by

the Postal Service’s request in this

docket to establish a Mailing Online

experimental mail classification in

conformance with 39 CFR 3001.67a(b)

shall be filed no later than August 12,

1998.

5. Answers to the Postal Service’s

motion for expedition and for waiver of

certain provisions of rule 161 and

certain provisions of rule 64(h) are to be

submitted no later than August 12,

1998.

6. The Postal Service shall provide,

within 10 days, responses to any written

discovery requests submitted to it before

August 12, 1998.

7. W. Gail Willette, acting director of

the Commission’s OCA, is designated to

represent the general public.
Federal Register / Vol. 63, No. 141 /Thursday, July 23, 1998 / Notices 39603

8. A prehearing conference in this

docket shall be held on Friday, August

14, 1998, at 9:30 a.m. in the

Commission’s hearing room.

9. The Secretary shall cause this

notice and order to be published in the

Federal Register.

Dated: July 20, 1998.

By the Commission.

Cyril J. Pittack,

Acting Secretary.

[FR Doc. 98–19666 Filed 7–22–98; 8:45 am]

BILLING CODE 7710–FW–P

SECURITIES AND EXCHANGE

COMMISSION

[Release No. IC–23317; File No. 812–10896]

Equitable Life Insurance Company of

Iowa, et al.; Notice of Application

July 16, 1998.

AGENCY: Securities and Exchange

Commission (‘‘SEC’’ or ‘‘Commission’’).

ACTION: Notice of application for an

order of approval pursuant to Section

26(b) of the Investment Company Act of

1940 (the ‘‘1940 Act’’) and an order

granting exemptive relief pursuant to

Section 17(b) of the 1940 Act.

SUMMARY OF APPLICATION: Applicants

seek an order pursuant to Section 26(b)

of the 1940 Act approving the

substitution of shares of certain

portfolios of the GCG Trust for shares of

certain portfolios of the ESS Trust.

Applicants also seek an order, pursuant

to Section 17(b) of the 1940 Act,

granting exemptions from Section 17(a)

to permit Applicants to carry out the

substitutions by means of in-kind

redemption and purchase transactions,

and to permit Applicants to combine

certain subaccounts holding shares of

the same substitute fund after the

substitutions.

APPLICANTS: Equitable Life Insurance

Company of Iowa (‘‘Equitable’’),

Equitable Life Insurance Company of

Iowa Separate Account A (‘‘Equitable

Separate Account A’’), Golden

American Life Insurance Company

(‘‘Golden American’’), Golden American

Life Insurance Company Separate

Account A (‘‘Golden American Separate

Account A’’), Golden American Life

Insurance Company Separate Account B

(‘‘Golden American Separate Account

B’’), First Golden American Life

Insurance Company of New York (‘‘First

Golden’’), First Golden American Life

Insurance Company of New York

Separate Account NY–B (‘‘First Golden

Separate Account NY–B’’), The GCG

Trust (‘‘GCG Trust’’), and the EquiSelect Series Trust (‘‘ESS Trust’’)

(collectively, ‘‘Applicants’’).

FILING DATES: The application was filed

on December 15, 1997, and amended

and restated on March 18, 1998, and

July 2, 1998.

HEARING OR NOTIFICATION OF HEARING: An

order granting the application will be

issued unless the Commission orders a

hearing. Interested persons may request

a hearing by writing to the SEC’s

Secretary and serving Applicants with a

copy of the request, personally or by

mail. Hearing requests should be

received by the Commission by 5:30

p.m. on August 10, 1998, and should be

accompanied by proof of service on

Applicants in the form of an affidavit or,

for lawyers, a certificate of service.

Hearing request should state the nature

of the writer’s interest, the reason for the

request, and the issues contested.

Persons who wish to be notified of a

hearing may request notification by

writing to the SEC’s Secretary.

ADDRESSES: Secretary, Securities and

Exchange Commission, 450 Fifth Street,

N.W., Washington, DC 20549.

Applicants, Marilyn Talman, Esquire,

Golden American Life Insurance

Company, 1001 Jefferson Street, Suite

400, Wilmington, DE 19801.

FOR FURTHER INFORMATION CONTACT:

Megan Dunphy, Attorney, or Mark C.

Amorosi, Branch Chief, Office of

Insurance Products, Division of

Investment Management, at (202) 942–

0670.

SUPPLEMENTARY INFORMATION: The

following is a summary of the

application. The complete application

may be obtained for a fee from the SEC’s

Public Reference Branch, 450 Fifth

Street, N.W., Washington, DC 20549 (tel.

(202) 942–8090).

Applicants’ Representations

1. Equitable and Golden American are

stock life insurance companies

organized under the insurance laws of

Iowa and Delaware, respectively. Each

is authorized to write variable annuity

and variable life insurance policies in at

least 48 states and the District of

Columbia. First Golden is a stock life

insurance company organized under the

insurance laws of the state of New York,

and is authorized to write variable

annuity contracts in New York.

Equitable, Golden American and First

Golden (collectively, ‘‘Applicant

Insurance Companies’’) are indirect

wholly owned subsidiaries of ING

Groep, N.V. (‘‘ING’’), a global financial

services holding company.

2. Equitable Separate Account A,

Golden American Separate Account A,

Golden American Separate Account B

and First Golden Separate Account NY–

B (collectively ‘‘Applicant Separate

Accounts’’) are separate accounts for

which one of the Applicant Insurance

Companies serves as the sponsor and

depositor. Equitable serves as sponsor

and depositor of Equitable Separate

Account A; Golden American serves as

sponsor and depositor of Golden

American Separate Account A and

Golden American Separate Account B;

First Golden serves as the sponsor and

depositor of First Golden Separate

Account NY–B. Each Applicant

Separate Account is a segregated asset

account of its insurance company

sponsor and each is registered under the

1940 Act as a unit investment trust.

3. Each Applicant Separate Account

serves as a funding vehicle for certain

variable annuity or variable life

insurance contracts (collectively,

‘‘Variable Contracts’’) issued by the

Applicant Insurance Company of which

it is a part. Applicant Separate Accounts

are divided into separate subaccounts,

each dedicated to owning shares of a

designated investment portfolio of

either the GCG Trust (the ‘‘GCG

Subaccounts’’) or the ESS Trust (‘‘ESS

Subaccounts’’). Holders of any Variable

Contracts (‘‘Contractholders’’) may

select one or more of the investment

options available under the Variable

Contract held by allocating premiums

payable under such contract to that

subaccount of the relevant Applicant

Separate Account that corresponds to

the investment option desired.

4. The ESS Trust is registered under

the 1940 Act as an open-end,

management, services investment

company and currently offers nine

investment portfolios. Of these

portfolios, five—Growth & Income,

OTC, Total Return, Value+Growth and

Research Portfolios—invest primarily in

equity securities. The remaining

portfolios—Advantage, MortgageBacked Securities, International Fixed

Income and Money Market Portfolios—

invest primarily in fixed income

securities. Overall management services

are provided to the ESS Trust and each

of its individual series by Directed

Services, Inc. (‘‘DSI’’), an indirect,

wholly owned subsidiary of ING. DSI is

an investment adviser registered under

the Investment Advisers Act of 1940

(‘‘Advisers Act’’) and a broker-dealer

registered under the Securities

Exchange Act of 1934.

5. The GCG Trust is registered under

the 1940 Act as an open-end,

management, series investment

company. The GCG Trust offers shares

of twenty two separate investment

series, including six new investment

series created in anticipation of the