Federal Register / Vol. 60, No. 240 / Thursday, December 14, 1995 / Notices 64185

1Applicants represent that they will amend the

application during the notice period to make this

representation.

action. The State official had no

comments.

Finding of No Significant Impact

Based upon the environmental

assessment, the Commission concludes

that the proposed action will not have

a significant effect on the quality of the

human environment. Accordingly, the

Commission has determined not to

prepare an environmental impact

statement for the proposed action.

For further details with respect to the

proposed action, see the licensee’s letter

dated August 17, 1995, which is

available for public inspection at the

Commission’s Public Document Room,

The Gelman Building, 2120 L Street,

NW., Washington, DC, and at the local

public document room located at the

Maud Preston Palenske Memorial

Library, 500 Market Street, St. Joseph,

Michigan 49085.

Dated at Rockville, Maryland, this 1st day

of December 1995.

For the Nuclear Regulatory Commission.

John B. Hickman,

Project Manager, Project Directorate III–1,

Division of Reactor Projects—III/IV, Office of

Nuclear Reactor Regulation.

[FR Doc. 95–30456 Filed 12–13–95; 8:45 am]

BILLING CODE 7590–01–P

SECURITIES AND EXCHANGE

COMMISSION

Issuer Delisting; Notice of Application

To Withdraw From Listing and

Registration; (American Eco

Corporation, Common Stock, No Par

Value) File No. 1–10621

December 8, 1995.

American Eco Corporation

(‘‘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 American Stock

Exchange, Inc. (‘‘Amex’’).

The reasons alleged in the application

for withdrawing the Security from

listing and registration include the

following:

According to the Company, its Board

of Directors approved resolutions on

September 14, 1995 to withdraw the

Security from listing on the Amex and

instead, to list the Security on the

National Association of Securities

Dealers Automated Quotations National

Market System (‘‘Nasdaq/NMS’’). The

NASD approved the Company’s

application for initial inclusion on the

Nasdaq/NMS on November 3, 1995.

The decision of the Board followed a

thorough study of the matter and was

based upon the belief that listing the

Security on the Nasdaq/NMS will be

more beneficial to the Company’s

shareholders than the present listing on

the Amex for the following reasons:

(a) The Company believes that the

Nasdaq/NMS system of competing

market makers will result in increased

visibility and sponsorship for the

Security than is presently available on

the Amex;

(b) The Company believes that the

Nasdaq/NMS system will offer the

Company’s shareholders more liquidity

than is presently available on the Amex

and less volatility in quoted prices for

share when trading volume is slight;

(c) The Company believes that the

Nasdaq/NMS system will offer an

opportunity for the Company to secure

its own group of market makers and to

expand the capital base available for

trading in the Security; and

(d) The Company believes that the

firms making a market in the Security

on the Nasdaq/NMS system will also be

inclined to issue research reports

concerning the Company, thereby

increasing the number of firms

providing institutional research and

advisory reports.

Any interested person may, on or

before January 2, 1996 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 exchanges 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. 95–30421 Filed 12–13–95; 8:45 am]

BILLING CODE 8010–01–M

[Rel. No. IC–21587; No. 812–9156]

Safeco Life Insurance Company, et al.

December 7, 1995.

AGENCY: Securities and Exchange

Commission (‘‘Commission’’).

ACTION: Notice of Application for an

Order under the Investment Company

Act of 1940 (‘‘1940 Act’’).

APPLICANTS: Safeco Life Insurance

Company (‘‘SAFECO’’) and Separate

Account SL (‘‘Separate Account’’).

RELEVANT 1940 ACT SECTION: Order

requested under Section 26(b) of the

1940 Act.1

SUMMARY OF APPLICATION: Applicants

seek an order authorizing the

substitution of shares of certain

portfolios of the Variable Insurance

Products Fund and the Variable

Insurance Products Fund II (‘‘VIP

Trusts’’) for shares of certain portfolios

of The Hudson River Trust (‘‘Hudson

Trust’’) currently held by the Separate

Account.

FILING DATE: The application was filed

on August 10, 1994, and amended on

September 6, 1995.

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 Secretary of

the Commission 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 December 27, 1995, and should

be accompanied by proof of service on

Applicants in the form of an affidavit or,

for lawyers, a certificate of service.

Hearing requests should state the nature

of the requester’s interest, the reason for

the request, and the issues contested.

Persons may request notification of a

hearing by writing to the Secretary of

the Commission.

ADDRESSES: Secretary, Securities and

Exchange Commission, 450 5th Street,

N.W., Washington, D.C. 20549.

Applicants, c/o Leslie Harrison,

Counsel, SAFECO Life Insurance

Company, P.O. Box 34690, Seattle,

Washington 98124–1690.

FOR FURTHER INFORMATION CONTACT:

Yvonne M. Hunold, Assistant Special

Counsel, or Brenda Sneed, Assistant

Director, Division of Investment

Management (Office of Insurance

Products), at (202) 942–0670.

SUPPLEMENTARY INFORMATION: The

following is a summary of the

application; the complete application is

available for a fee from the Public

Reference Branch of the Commission.

Applicants’ Representations

1. SAFECO is a stock life insurance

company licensed to sell insurance and