Federal Register / Vol. 60, No. 39 / Tuesday, February 28, 1995 / Notices 10891

SUMMARY OF APPLICATION: Applicant

seeks an order declaring it has ceased to

be an investment company.

FILING DATES: The application was filed

on November 21, 1994 and amended on

January 11, 1995 and February 15, 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

March 20, 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, N.W., Washington, D.C. 20549.

Applicant, One Financial Center,

Boston, Massachusetts 02111.

FOR FURTHER INFORMATION CONTACT:

Marianne H. Khawly, Staff Attorney, at

(202) 942–0562, or C. David Messman,

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 registered, open-end,

diversified, management investment

company under the Act and is organized

as a business trust under the laws of the

Commonwealth of Massachusetts. On

August 8, 1985, applicant filed a

Notification of Registration on Form N–

8A pursuant to section 8(a) of the Act

and a registration statement on Form N–

1A under section 8(b) of the Act and

under the Securities Act of 1933. The

registration statement became effective

on April 17, 1986, and applicant’s

initial public offering commenced on or

about that date.

2. Applicant consists of one series: the

Fixed Income Portfolio (the ‘‘Portfolio’’).

Share of beneficial interest were offered,

without sales charge, only to tax-exempt

charitable foundations and endowment

funds.

3. Applicant’s declaration of trust

provides that applicant may be

terminated by this shareholders upon

the redemption of all of their shares at

a price equal to the net asset value per

share of the Portfolio. On June 23, 1994,

applicant has two shareholders:

Metropolitan Life Insurance Company,

the ultimate parent of State Street

Research & Management Company,

applicant’s investment adviser (the

‘‘Adviser’’), and the Felician Sisters,

O.S.F. of Livonia. On that date, the

shareholders redeemed all of their

shares in order to reinvest the proceeds

in another similar fund recently

organized. The redemptions were

coordinated to assure equal treatment of

both shareholders. A total of 62,565.298

shares having an aggregate and per share

net asset value of $6,186,252.28 and

$98.88, respectively, were redeemed.

4. On August 3, 1994, applicant’s

Board of Trustees (the ‘‘Trustees’’)

determined that it was advisable that

applicant terminate because applicant’s

shareholders had redeemed all of their

shares. The Trustees were not required

to seek shareholder approval because

applicant has had no shareholders or

operations since June 23, 1994.

5. All expenses incurred in

connection with applicant’s liquidation

were borne by the adviser. Such

expenses, totalling approximately

$3,500, were for legal fees.

6. As of the date of the application,

applicant had no assets, debts,

liabilities, or shareholders. Applicant is

not a party to any litigation or

administrative proceeding. Applicant is

neither engaged in nor proposes to

engage in any business activities other

than those necessary for the winding-up

of its affairs.

7. Applicant intends to file its

notification of termination as a business

trust under Massachusetts law.

For the SEC, by the Division of Investment

Management, under delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 95–4860 Filed 2–27–95; 8:45 am]

BILLING CODE 8010–01–M

SMALL BUSINESS ADMINISTRATION

Minneapolis/St. Paul Advisory Council

Meeting; Public Meeting

The U.S. Small Business

Administration Minneapolis/St. Paul

District Advisory Council will hold a

public meeting on Thursday, March 23,

1995 at 12:00 noon, at the Decathlon

Athletic Club, 1700 East 79th Street,

Bloomington, Minnesota, to discuss

such matters as may be presented by

members, staff of the U.S. Small

Business Administration, or others

present.

(The meeting scheduled for March 31,

1995 has been canceled).

For further information, write or call

Mr. Edward A. Daum, Director, U.S.

Small Business Administration, 610-

Butler Square, 100 North Sixth street,

Minneapolis, Minnesota 55403, (612)

370–2306.

Dated: February 21, 1995.

Dorothy A. Overal,

Director, Office of Advisory Council.

[FR Doc. 95–4821 Filed 2–27–95; 8:45 am]

BILLING CODE 8025–01–M

[Application No. 99000161]

United Partners, Inc.; Notice of Filing

of an Application for a License to

Operate as a Small Business

Investment Company

Notice is hereby given of the filing of

an application with the Small Business

Administration (SBA) pursuant to

§ 107.102 of the Regulations governing

small business investment companies

(13 CFR 107.102 (1994)) by UBS

Partners, Inc. at 299 Park Avenue, New

York, NY 10171, for a license to operate

as a small business investment company

(SBIC) under the Small Business

Investment Act of 1958, as amended, (15

U.S.C. et. seq.), and the Rules and

Regulations promulgated thereunder. Its

area of operation will be throughout the

United States.

UBS Partners, Inc. is a wholly owned

subsidiary of UBS, Inc. UBS Partners,

Inc. has three officers: Justin S.

Maccarone, President; Jeffrey Keenan,

Vice-President and Secretary; and,

Michael Greene, Vice-President and

Treasurer. The Officers, who will be

employed by the parent and other

affiliates, have extensive banking and

senior management experience,

advanced academic training in business

management, and multiple investment

experiences in varied companies and

industries.

The applicant will begin operations

with Regulatory Capital of $2.6 million

and will be a source of equity and

subordinated debt for companies with

annual sales of $5 million, as well as,

startup small business concerns.

Matters involved in SBA’s

consideration of the application include

the general business reputation and

character of the proposed owners and

management, and the probability of

successful operations of the new

company under their management,

including profitability and financial

soundness in accordance with the Act

and Regulations.

Notice is hereby given that any person

may, not later than 15 days from the