Federal Register / Vol. 60, No. 100 / Wednesday, May 24, 1995 / Notices 27583

1Sentry Life Insurance Company, et al.,

Investment Company Act Release Nos. 20576 (Sep.

26, 1994) (notice) and 20654 (Oct. 25, 1994) (order).

which obligations were expressly

assumed by the Certificate Company.

For the reasons discussed above,

applicant believes that an amended

order is appropriate.

For the SEC, by the Division of Investment

Management, under delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 95–12695 Filed 5–23–95; 8:45 am]

BILLING CODE 8010–01–M

[Investment Company Act Release No.

21080; 811–3902]

Sentry Investors Variable Account II;

Notice of Application

May 17, 1995.

AGENCY: Securities and Exchange

Commission (‘‘SEC’’).

ACTION: Notice of application for

deregistration under the Investment

Company Act of 1940 (the ‘‘Act’’).

APPLICANT: Sentry Investors Variable

Account II.

RELEVANT ACT SECTION: Section 8(f).

SUMMARY OF APPLICATION: Applicant

requests an order declaring it has ceased

to be an investment company.

FILING DATE: The application was filed

on March 29, 1995.

HEARING OR NOTIFICATION OF HEARING: An

order granting the application will be

issued unless the SEC orders a hearing.

Interested persons may request a

hearing by writing to the SEC’s

Secretary and serving applicant with a

copy of the request, personally or by

mail. Hearing requests should be

received by the SEC by 5:30 p.m. on

June 12, 1995, and should be

accompanied by proof of service on the

applicant, in the form of an affidavit or,

for lawyers, a certificate of service.

Hearing requests should state the nature

of the writer’s interest, the reason for the

request, and the issues contested.

Persons may request notification of a

hearing by writing to the SEC’s

Secretary.

ADDRESSES: Secretary, SEC, 450 Fifth

Street NW., Washington, D.C. 20549.

Applicant, c/o Sentry Investors Life

Insurance Company, 1800 North Point

Drive, Stevens Point, Wisconsin 54481.

FOR FURTHER INFORMATION CONTACT:

Sarah A. Wagman, Staff Attorney, at

(202) 942–0654, or Robert A. Robertson,

Branch Chief, at (202) 942–0564

(Division of Investment Management,

Office of Investment Company

Regulation).

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.

Applicant’s Representations

1. Applicant is a life insurance

separate account established pursuant to

Massachusetts insurance law to fund

certain individual flexible purchase

payment deferred variable annuity

contracts (the ‘‘Contracts’’). On

November 10, 1983, applicant registered

under the Act as a unit investment trust.

On the same date, applicant filed a

registration statement on Form S–6 to

register the Contracts as securities under

the Securities Act of 1933. The

registration statement became effective

on July 23, 1984. Sentry Investors Life

Insurance Company is applicant’s

depositor (the ‘‘Depositor’’), and Sentry

Equity Services, Inc. is applicant’s

principal underwriter.

2. On November 1, 1994, applicant

transferred all of its assets and liabilities

to Sentry Variable Account II (the

‘‘Sentry Account’’), an existing

registered separate account, pursuant to

an assumption reinsurance agreement.

The agreement provided that Sentry Life

Insurance Company would assume legal

ownership of applicant’s assets, as well

as responsibility for satisfying all

liabilities and obligations arising under

the Contracts. The transaction was

effected pursuant to an SEC order.1 The

transfer of applicant’s assets and

liabilities to the Sentry Account was

achieved by combining each of

applicant’s subaccounts with the

identical subaccounts of the Sentry

Account. The share transfer was made at

the relative net asset values of the

subaccounts in conformance with

section 22(c) of the Act and rule 22c–1

thereunder. No charges or other

deductions were made with respect to

the Contracts. As a result of the

transaction, applicant’s Contract owners

received certificates reflecting the new

depositor and the new separate account

supporting their Contracts. The net asset

value of the subaccount units acquired

in the transaction was identical to the

net asset value of the subaccount units

supporting applicant’s Contracts before

the transfer.

3. The transaction was approved by

the Depositor’s board of directors, and

by the board of directors of Sentry Life

Insurance Company, the Sentry

Account’s depositor. Applicant also

obtained approvals from state insurance

authorities of those states in which

applicant’s Contract owners reside.

4. Immediately prior to the merger,

applicant had 70 Contract owners. At

the time of filing the application,

applicant has no remaining Contract

holders. All of applicant’s Contract

holders had the assets underlying their

contracts transferred to the Sentry

Account.

5. Sentry Life Insurance Company

bore all direct and indirect costs

incurred in connection with the merger.

6. Applicant has no remaining assets,

outstanding debts, or liabilities.

Applicant is current with all of its

filings under the Act, including all Form

N–SAR filings. Applicant is not a party

to any litigation or administrative

proceeding. Applicant is not now

engaged, nor does it intend to engage, in

any business activities other than those

necessary for the winding-up of its

affairs.

For the SEC, by the Division of Investment

Management, under delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 95–12694 Filed 5–23–95; 8:45 am]

BILLING CODE 8010–01–M

[Rel. No. IC–21082; File No. 812–9280]

T. Rowe Price Equity Series, Inc. et al.

May 17, 1995.

AGENCY: Securities and Exchange

Commission (the ‘‘SEC’’ or

‘‘Commission’’).

ACTION: Notice of application for

exemption under the Investment

Company Act of 1940 (the ‘‘1940 Act’’

or ‘‘Act’’).

APPLICANTS: T. Rowe Price Equity

Series, Inc., T. Rowe Price International

Series, Inc. and T. Rowe Price Fixed

Income Series, Inc. (the ‘‘Fund(s)’’) and

T. Rowe Price Associates, Inc. and Rowe

Price-Fleming International, Inc. (the

‘‘Adviser(s)’’).

RELEVANT 1940 ACT SECTIONS: Order

requested under Section 6(c) of the Act

for exemptions from Sections 9(a), 13(a),

15(a) and 15(b) of the Act and Rules 6e–

2(b)(15) and 6e–3(T)(b)(15) thereunder.

SUMMARY OF APPLICATION: Applicants

seek an order of exemption to the extent

necessary to permit shares of the Funds

to be issued to and held by registered

and unregistered variable annuity and

variable life insurance separate accounts

of both affiliated and unaffiliated life

insurance companies.

FILING DATE: The application was filed

on October 11, 1994 and amended on

May 4, 1995.

HEARING OR NOTIFICATION HEARING: An

order granting the application will be