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[Federal Register Volume 60, Number 250 (Friday, December 29, 1995)]
[Notices]
[Pages 67377-67378]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-31510]

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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 21618; 811-7684]

Household Personal Portfolios

December 22, 1995.
AGENCY: Securities and Exchange Commission (``SEC'').

ACTION: Notice of Application for Deregistration under the Investment 
Company Act of 1940 (the ``Act'').

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APPLICANT: Household Personal Portfolios.

RELEVANT ACT SECTION: Section 8(f).

SUMMARY OF APPLICATION: Applicant requests an order declaring that it 
has ceased to be an investment company.

FILING DATES: The application was filed on August 10, 1995 and amended 
on December 12, 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 January 16, 1996 
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 5th Street, NW., Washington, D.C. 20549. 
Applicant, 2 North LaSalle Street, Chicago, Illinois 60602.

FOR FURTHER INFORMATION CONTACT: Sarah A. Buescher, Staff Attorney, at 
(202) 942-0573, or Alison E. Baur, 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 an open-end, diversified management investment 
company organized as a Massachusetts business trust. Applicant has five 
portfolios; Growth Equity Portfolio; Equity Income Portfolio; Fixed 
Income Portfolio; Tax-Exempt Income Portfolio; and Short-Term Income 
Portfolio.
    2. SEC records indicate that applicant registered under the Act on 
April 28, 1993 by filing a notification of registration on Form N-8A 
pursuant to section 8(a) of the Act. Also on that date, applicant filed 
a registration statement on Form N-1A pursuant to section 8(b) of the 
Act and the Securities Act of 1933. The registration statement became 
effective on August 3, 1993, and the initial public offering commenced 
on the same date.
    3. On December 19, 1994, after determining that applicant could no 
longer provide the desired safety, diversity, or earnings to 
shareholders because of applicant's small asset base, applicant's board 
of trustees authorized the appropriate officers to enter into an 
Agreement and Plan of Liquidation (``Plan'').
    4. Pursuant to the Plan, applicant would be liquidated on February 
28, 1995 (``Liquidation Date''), and on that date shareholders who had 
not redeemed their shares would have them automatically redeemed. 
Shareholders of applicant on or after December 19, 1994 would receive, 
upon redemption, the greater of (a) the shareholder's account balance 
(reflecting net asset value per share) on the date the redemption 
request is received or the Liquidation Date (whichever applies) or (b) 
the aggregate amount of the shareholder's purchase payments. Such 
payment method was used to ensure that shareholders would not receive 
less than their minimum initial investment. Household International, 
Inc., (``Household'') the parent of applicant's manager/distributor, 
Hamilton Investments, Inc., agreed to compensate any shareholder of 
record on or after December 19, 1994 for the amount by which all 
purchase payments made by that shareholder exceeded the shareholder's 
account balance upon redemption.
    5. On February 28, 1995, all outstanding shares of applicant were 
liquidated and the proceeds were paid in cash to the shareholders. 
Distributions to all securityholders in complete liquidation of their 
interests have been made. Applicant did not incur any brokerage 
commissions attributable to the disposition of its portfolio 
securities.
    6. In connection with the liquidation, applicant incurred $9,725 of 
aggregate expenses, consisting primarily of legal fees and mailing 
expenses, all of which were paid by Household. Household also 
reimbursed applicant for applicant's remaining unamortized 
organizational expenses of $287,710.
    7. As of the date of this application, applicant has no assets and 
no outstanding debts or liabilities. Applicant has no shareholders and 
is not a party to any litigation or administrative proceeding. 
Applicant is not presently engaged, nor does it propose to engage, in 
any business activities other than those necessary for the winding up 
of its affairs.
    8. Applicant intends to file an instrument required to terminate 
its existence as a Massachusetts business trust.

 
[[Page 67378]]

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 95-31510 FIled 12-28-95; 8:45 am]
BILLING CODE 8010-01-M
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