38474 Federal Register / Vol. 73, No. 130 / Monday, July 7, 2008 / Notices 

5The $164/hour figure for a trust administrator is 

from SIFMA’s Management & Professional Earnings 

in the Securities Industry 2007, modified to account 

for an 1800-hour work-year and multiplied by 5.35 

to account for bonuses, firm size, employee benefits 

and overhead. The $2000/hr board of director time 

is from industry sources. 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

estimates that each response would take 

approximately 262 hours, requiring 

approximately 1048 total hours 

annually per custodian. The total 

annual burden associated with these 

requirements of the rule would be 

approximately 15,720 hours (15 global 

custodians × 1048 hours per custodian). 

Therefore, the total annual burden of all 

collection of information requirements 

of rule 17f–5 is estimated to be up to 

16,038 hours (318 + 15,720). The total 

annual cost of burden hours is estimated 

to be $3,214,080 (318 hours × $2000/ 

hour for board of director’s time, plus 

15,720 hours × $164/hour for a trust 

administrator’s time).5 Compliance with 

the collection of information 

requirements of the rule is necessary to 

obtain the benefit of relying on the 

rule’s permission for funds to maintain 

their assets in foreign custodians. 

The estimate of average burden hours 

is made solely for the purposes of the 

Paperwork Reduction Act. The estimate 

is not derived from a comprehensive or 

even a representative survey or study of 

the costs of Commission rules and 

forms. Compliance with the collection 

of information requirements of the rule 

is necessary to obtain the benefit of 

relying on the rule’s permission for 

funds to maintain their assets in foreign 

custodians. 

Written comments are invited on: (a) 

Whether the collection of information is 

necessary for the proper performance of 

the functions of the Commission, 

including whether the information has 

practical utility; (b) the accuracy of the 

Commission’s estimate of the burden of 

the collection of information; (c) ways to 

enhance the quality, utility, and clarity 

of the information collected; and (d) 

ways to minimize the burden of the 

collection of information on 

respondents, including through the use 

of automated collection techniques or 

other forms of information technology. 

Consideration will be given to 

comments and suggestions submitted in 

writing within 60 days of this 

publication. 

Please direct your written comments 

to R. Corey Booth, Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o Shirley 

Martinson, 6432 General Green Way, 

Alexandria, VA 22312; or send an 

e-mail to: PRA_Mailbox@sec.gov. 

Dated: June 26, 2008. 

Florence E. Harmon, 

Acting Secretary. 

[FR Doc. E8–15200 Filed 7–3–08; 8:45 am] 

BILLING CODE 8010–01–P 

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 a Roundtable on Fair Value 

Accounting Standards on Wednesday, 

July 9, 2008 beginning at 9 a.m. 

The Roundtable will take place in the 

Auditorium of the Commission’s 

headquarters at 100 F Street, NE., 

Washington, DC. The Roundtable will 

be open to the public with seating on a 

first-come, first-served basis. Doors will 

open at 8:30 a.m. Visitors will be subject 

to security checks. 

The roundtable will consist of an 

open discussion of the benefits and 

potential challenges associated with 

existing fair value accounting and 

auditing standards and will be 

organized as two panels: The first panel 

will discuss fair value accounting issues 

from the perspective of larger financial 

institutions and the needs of their 

investors; and the second panel will 

discuss the issues from the perspective 

of all public companies, including small 

public companies and the needs of their 

investors. 

For further information, please 

contact the Office of the Secretary at 

(202) 551–5400. 

Dated: July 1, 2008. 

Florence E. Harmon, 

Acting Secretary. 

[FR Doc. E8–15285 Filed 7–3–08; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[File No. 500–1] 

In the Matter of WarpRadio.com, Inc., 

Wireless Frontier Internet, Inc., and 

World Associates, Inc.; Order of 

Suspension of Trading 

July 2, 2008. 

It appears to the Securities and 

Exchange Commission that there is a 

lack of current and accurate information 

concerning the securities of 

WarpRadio.com, Inc. because it has not 

filed any periodic reports since the 

period ended September 30, 2000. 

It appears to the Securities and 

Exchange Commission that there is a 

lack of current and accurate information 

concerning the securities of Wireless 

Frontier Internet, Inc. because it has not 

filed any periodic reports since 

September 30, 2004. 

It appears to the Securities and 

Exchange Commission that there is a 

lack of current and accurate information 

concerning the securities of World 

Associates, Inc. because it has not filed 

any periodic reports since the period 

ended September 30, 2004. 

The Commission is of the opinion that 

the public interest and the protection of 

investors require a suspension of trading 

in the securities of the above-listed 

companies. 

Therefore, it is ordered, pursuant to 

Section 12(k) of the Securities Exchange 

Act of 1934, that trading in the abovelisted companies is suspended for the 

period from 9:30 a.m. EDT on July 2, 

2008, through 11:59 p.m. EDT on July 

16, 2008. 

By the Commission. 

Florence E. Harmon, 

Acting Secretary. 

[FR Doc. 08–1415 Filed 7–2–08; 11:14 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–58057; File No. SR–Amex–

2008–36] 

Self-Regulatory Organizations; 

American Stock Exchange LLC; Order 

Granting Accelerated Approval of 

Proposed Rule Change to List and 

Trade Shares of the MacroShares $100 

Oil Up Trust and the MacroShares $100 

Oil Down Trust 

June 30, 2008. 

I. Introduction 

On May 20, 2008, the American Stock 

Exchange LLC (‘‘Amex’’ or ‘‘Exchange’’), 

filed with the Securities and Exchange 

Commission (‘‘Commission’’), pursuant 

to Section 19(b)(1) of the Securities 

Exchange Act of 1934 (‘‘Act’’) 1 and Rule 

19b–4 thereunder,2 a proposed rule 

change to: (1) Amend Amex Rules 1400, 

1401, 1402 and 1405 relating to the 

trading of Paired Trust Shares; and (2) 

list and trade shares (‘‘Shares’’) of the 

MacroShares $100 Oil Up Trust (‘‘Up 

Trust’’) and the MacroShares $100 Oil 

Down Trust (‘‘Down Trust’’) 

(collectively, the ‘‘Trusts’’). The 

proposed rule change was published for 

comment in the Federal Register on 

mstockstill on PROD1PC66 with NOTICES