63564 Federal Register / Vol. 60, No. 237 / Monday, December 11, 1995 / Notices

2Applicants represent that an amendment to the

application will be filed during the notice period,

and that such amendment will include the

representation regarding disclosure of the sale of

shares of the Funds to qualified plans.

Participant shall be required by this

Condition Four to establish a new

funding medium for any Contract if any

offer to do so has been declined by a

vote of a majority of the Contract owners

materially affected by the material

irreconcilable conflict.

5. The Board’s determination of the

existence of an irreconcilable material

conflict and its implications shall be

made known promptly and in writing to

all Participants.

6. Participants will provide passthrough voting privileges to all Contract

owners so long as the Commission

continues to interpret the 1940 Act as

requiring pass-through voting privileges

for Contract owners. Accordingly, the

Participants, where applicable, will vote

shares of the Fund held in their

Accounts in a manner consistent with

voting instructions timely received from

Contract owners. Participants will be

responsible for assuring that each of

their Accounts that participates in the

Fund calculates voting privileges in a

manner consistent with other

Participants. The obligation to calculate

voting privileges in a manner consistent

with all other Accounts will be a

contractual obligation of all Participants

under the agreements governing their

participation in the Funds. Each

Participant will vote shares for which it

has not received timely voting

instructions as well as shares it owns in

the same proportion as it votes those

shares for which it has received voting

instructions.

7. All reports received by the Board of

potential or existing conflicts, and all

Board action with regard to: (a)

determining the existence of a conflict;

(b) notifying Participants of a conflict;

and (c) determining whether any

proposed action adequately remedies a

conflict, will be properly recorded in

the minutes of the appropriate Board or

other appropriate records. Such minutes

or other records shall be made available

to the Commission upon request.

8. Each Fund will notify all

Participants that separate account

prospectus disclosure regarding

potential risks of mixed and shared

funding may be appropriate. Each Fund

shall disclose in its prospectus that: (a)

Shares of the Fund may be offered to

insurance company separate accounts of

both annuity and life insurance variable

contracts, and to qualified plans; 2 (b)

due to differences of tax treatment and

other considerations, the interests of

various contract owners participating in

the Funds and the interests of Plans

investing in the Funds may conflict; and

(c) the Board will monitor the Funds for

any material conflicts and determine

what action, if any, should be taken.

9. Each Fund will comply with all

provisions of the 1940 Act requiring

voting by shareholders (which, for these

purposes, shall be the persons having a

voting interest in the shares of the

Funds), and, in particular, each Fund

will either provide for annual meetings

(except to the extent that the

Commission may interpret Section 16 of

the 1940 Act not to require such

meetings) or comply with Section 16(c)

of the 1940 Act, (although the Funds are

not one of the trusts described in

Section 16(c) of the 1940 Act) as well as

with Section 16(a), and, if applicable,

Section 16(b) of the 1940 Act. Further,

each Fund will act in accordance with

the Commission’s interpretation of the

requirements of Section 16(a) with

respect to periodic elections of directors

(or trustees) and with whatever rules the

Commission may promulgate with

respect thereto.

10. If and to the extent that Rules 6e–

2 and 6e–3(T) are amended (or if Rule

6e–3 under the 1940 Act is adopted) to

provide exemptive relief from any

provision of the 1940 Act or the rules

thereunder with respect to mixed and

shared funding on terms and conditions

materially different from any

exemptions granted in the order

requested by Applicants, then the Funds

and/or the Participants, as appropriate,

shall take such steps as may be

necessary to comply with Rules 6e–2

and 6e–3(T), as amended, and Rule 6e–

3, as adopted, to the extent such rules

are applicable.

11. No less than annually, the

Participants, and/or CIGNA, and/or its

affiliates, shall submit to the Boards

such reports, materials, or data as the

Boards may reasonably request so that

the Boards may carry out fully the

obligations imposed upon them by the

conditions contained in the application.

Such reports, materials, and data shall

be submitted more frequently if deemed

appropriate by the Boards. The

obligations of the Participants to

provide these reports, materials, and

data to the Boards, when the

appropriate Board so reasonably

requests, shall be a contractual

obligation of all Participants under the

agreements governing their participation

in the Funds.

12. If a Plan becomes an owner of

10% or more of the assets of a Fund,

such Plan will execute a fund

participation agreement with the

applicable Fund. A Plan will execute an

investor’s application containing an

knowledgment of this condition upon

such Plan’s initial purchase of the

shares of any Fund.

For the Commission, by the Division of

Investment Management, pursuant to

delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 95–30071 Filed 12–8–95; 8:45 am]

BILLING CODE 8010–01–M

SMALL BUSINESS ADMINISTRATION

Specialized Small Business Investment

Company (SSBIC) Advisory Council

Public Meeting

The U.S. Small Business

Administration, Investment Division

(SSBIC) Advisory Council will hold a

public meeting on Wednesday,

December 13, 1995, at 9:00 a.m. The

meeting will be held at the Law Office

of Reid and Priest, 701 Pennsylvania

Avenue, N.W., Eighth Floor,

Washington Conference Room,

Washington, D.C. This meeting was

previously scheduled for Friday,

November 17, 1995 but was cancelled

due to the shutdown of the Federal

government. The purpose of the meeting

is to discuss matters as may be

presented by Council members, staff of

the U.S. Small Business Administration,

or others present.

For further information, write or call

Mr. Darryl K. Hairston, Deputy

Associate Administrator for Investment,

U.S. Small Business Administration,

409 Third Street, S.W., Suite 6300,

Washington, D.C. 20416 (202) 205–6510.

Dated: December 5, 1995.

Art DeCoursey,

Director, Office of Advisory Council.

[FR Doc. 95–30022 Filed 12–8–95; 8:45 am]

BILLING CODE 8025–01–M

DEPARTMENT OF STATE

[Public Notice No. 2297]

Overseas Schools Advisory Council;

Notice of Meeting

The Overseas Schools Advisory

Council, Department of State, will hold

its Executive Committee Meeting on

Thursday, January 18, 1996 at 9:30 a.m.

in Conference Room 1205, Department

of State Building, 2201 C Street, N.W.,

Washington, D.C. The meeting is open

to the public.

The Overseas Schools Advisory

Council works closely with the U.S.

business community in improving those

American-sponsored schools overseas

which are assisted by the Department of
Federal Register / Vol. 60, No. 237 / Monday, December 11, 1995 / Notices 63565

State and which are attended by

dependents of U.S. government families

and children of employees of U.S.

corporations and foundations abroad.

This meeting will deal with issues

related to the work and the support

provided by the Overseas Schools

Advisory Council to the Americansponsored overseas schools.

Members of the general public may

attend the meeting and join in the

discussion, subject to the instructions of

the Chairman. Admittance of public

members will be limited to the seating

available. Access to the State

Department is controlled and individual

building passes are required for each

attendee. Persons who plan to attend

should so advise the office of Dr. Ernest

N. Mannino, Department of State, Office

of Overseas Schools, SA–29, Room 245,

Washington, D.C. 20522–2902,

telephone 703–875–7800, prior to

December 30, 1995. Visitors will be

asked to provide their date of birth and

Social Security number at the time they

register their intention to attend and

must carry a valid photo ID with them

to the meeting. All attendees must use

the C Street entrance to the building.

Dated: November 20, 1995.

Ernest N. Mannino,

Executive Secretary, Overseas Schools

Advisory Council.

[FR Doc. 95–30015 Filed 12–8–95; 8:45 am]

BILLING CODE 4710–24–M

DEPARTMENT OF TRANSPORTATION

Aviation Proceedings; Agreements

Filed During the Week Ending

December 1, 1995

The following Agreements were filed

with the Department of Transportation

under the provisions of 49 U.S.C 412

and 414. Answers may be filed within

21 days of date of filing.

Docket Number: OST–95–870.

Date filed: November 27, 1995.

Parties: Members of the International

Air Transport Association.

Subject:

PSC/Reso/083 dated November 17,

1995 r–1—r–51

PSC/Minutes/031 dated November 17,

1995

Necessary Government Action Date:

no later than April 5, 1996

Intended effective date: June 1, 1996

Docket Number: OST–95–871.

Date filed: November 27, 1995.

Parties: Members of the International

Air Transport Association.

Subject:

PSC/Reso/081 dated October 23, 1995

r–1—r–11

PSC/Reso/082 dated November 17,

1995 r–12—r–13

Expedited Resolutions/Recommended

Practices (A summary is attached.

Minutes, filed this date with the

non-expedited resolutions, are

contained in PSC/Minutes/031.)

Intended effective date: Dec. 1/Jan. 1/

Jan. 15/March 1, 1996

Docket Number: OST–95–872.

Date filed: November 27, 1995.

Parties: Members of the International

Air Transport Association.

Subject:

COMP Telex Mail Vote 760

Amend Mileage Manual

Intended effective date: December 1,

1995

Docket Number: OST–95–873.

Date filed: November 27, 1995.

Parties: Members of the International

Air Transport Association.

Subject:

COMP Telex Mail Vote 761

Amend Resolution 313

Intended effective date: December 15,

1995

Docket Number: OST–95–874.

Date filed: November 27, 1995.

Parties: Members of the International

Air Transport Association.

Subject:

PAC/Reso/389 dated November 22,

1995

Expedited Resolutions, 18th

PAConference

r–1–800t r–3–810 r–5–850d

r–2–800z r–4–826

Intended effective date: January 1/

April 1, 1996

Docket Number: OST–95–875.

Date filed: November 27, 1995.

Parties: Members of the International

Air Transport Association.

Subject: TC123 Reso/P 0128 dated

October 13, 1995

North/Mid/South Atlantic

Resolutions r–1–r–36

Intended effective date: March 1, 1995

Docket Number: OST–95–881.

Date filed: November 28, 1995.

Parties: Members of the International

Air Transport Association.

Subject:

TC2 Reso/P 1831 dated November 14,

1995 r1–2

TC2 Reso/P 1832 dated November 14,

1995 r3–5

TC2 Reso/P 1833 dated November 14,

1995 r6–23

Europe-Africa Expedited Resos

Intended effective date: expedited

December 31, 1995

Docket Number: OST–95–882.

Date filed: November 28, 1995.

Parties: Members of the International

Air Transport Association.

Subject:

TC2 Reso/P 1834 dated November 14,

1995 r1

TC2 Reso/P 1835 dated November 14,

1995 r2

TC2 Reso/P 1836 dated November 14,

1995 r3–10

TC2 Reso/P 1837 dated November 14,

1995 r–11

TC2 Reso/P 1838 dated November 14,

1995 r–12–13

TC2 Reso/P 1839 dated November 14,

1995 r14–16

TC2 Reso/P 1840 dated November 14,

1995 r17–24

TC2 Reso/P 1841 dated November 14,

1995 r25–31

TC2 Reso/P 1849 dated November 14,

1995 r32–34

TC2 Reso/P 1850 dated November 14,

1995 r35–37

TC2 Reso/P 1851 dated November 14,

1995 r38–40

TC2 Reso/P 1852 dated November 14,

1995 r41–42

TC2 Reso/P 1853 dated November 14,

1995 r43–46

TC2 Reso/P 1854 dated November 14,

1995 r–47

TC2 Reso/P 1855 dated November 14,

1995 r48–r53

TC2 Reso/P 1856 dated November 14,

1995 r54–56

TC2 Reso/P 1857 dated November 14,

1995 r57–59

TC2 Reso/P 1858 dated November 14,

1995 r60–61

TC2 Reso/P 1859 dated November 14,

1995 r62–63

TC2 Reso/P 1860 dated November 14,

1995 r64–66

TC2 Reso/P 1861 dated November

14,1995 r67–68

Within Europe Expedited Resos

Intended effective date: various dates

starting Jan. 16, 1996

Docket Number: OST–95–883.

Date filed: November 28, 1995.

Parties: Members of the International

Air Transport Association.

Subject:

TC12 Reso/P 1698 dated October 31,

1995

Mexico-Europe Resos r—1—26

Intended effective date: April 1, 1996

Docket Number: OST–95–884.

Date filed: November 28, 1995.

Parties: Members of the International

Air Transport Association.

Subject:

TC31 Reso/P 1089 dated November

10, 1995

Japan-North America/Caribbean Resos

r1–13

Intended effective date: April 1, 1996

Docket Number: OST–95–885.

Date filed: November 28, 1995.