12588 Federal Register / Vol. 60, No. 44 / Tuesday, March 7, 1995 / Notices

the methodology and results of, its

comparative review.

4. Applicants acknowledge that, if a

profit is realized from the mortality and

expense risk charge, all or a portion of

such profit may be available to pay

distribution expenses not reimbursed by

the Withdrawal Charge. The Company

represents that there is a reasonable

likelihood that the proposed

distribution financing arrangements will

benefit the Separate Account and

contract owners. The Company

represents that the basis for conclusion

is set forth in memorandum which will

be maintained at its home office and

will be available to the Commission

upon request.

5. Applicants assert that the terms of

the future relief requested wit respect to

any Other Contracts are consistent with

the standards set forth in Section 6(c) of

the 1940 Act. Applicants submit that, if

the Company were to repeatedly seek

exemptive relief with respect to the

same issues addressed in this

application, investors would not receive

additional protection or benefit.

Applicants assert that the requested

relief is appropriate in the public

interest because the relief will promote

competitiveness in the variable annuity

market by eliminating the need for the

filing of redundant exemptive

applications, thereby reducing

administrative expenses and

maximizing efficient use of resources.

Applicants represent that both the delay

and the expense of repeatedly seeking

exemptive relief would impair the

Company’s ability to effectively take

advantage of business opportunities as

they arise.

6. The Company also represents that

the Separate Account or future separate

accounts will invest only in

management investment companies

which undertake, in the event they

should adopt a plan under Rule 12b–1

of the 1940 Act to finance distribution

expenses, to have a board of directors or

trustees, a majority of whom are not

‘‘interested persons’’ of the Company

within the meaning of Section 2(a)(19)

of the 1940 Act, formulate and approve

any such plan.

Conclusion

For the reasons set forth above,

Applicants represent that the

exemptions requested are necessary and

appropriate in the public interest and

consistent with the protection of

investors and the purposes fairly

intended by the policy and provisions of

the 1940 Act.

For the Commission, by the Division of

Investment Management, pursuant to

delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 95–5463 Filed 3–6–95; 8:45 am]

BILLING CODE 8010–01–M

SELECTIVE SERVICE SYSTEM

Forms Submitted to the Office of

Management and Budget for Extension

of Clearance

The following forms, to be used only

in the event that inductions into the

armed services are resumed, have been

submitted to the Office of Management

and Budget (OMB) for the extension of

clearance in compliance with the

Paperwork Reduction Act (44 U.S.

Chapter 35):

SSS–254

Title: Application for Voluntary Induction.

Purpose: Is used to apply for voluntary

induction into the Armed Services.

Respondents: Registrants or nonregistrants

who have attained the age of 17 years, who

have not attained the age of 26 years and who

have not completed his active duty obligation

under the Military Selective Service Act.

Frequency: One-time.

Burden: The reporting burden is twelve

minutes or less per individual.

SSS–350

Title: Registrant Travel Reimbursement

Request.

Purpose: Is used to request reimbursement

for expenses incurred when traveling to or

from a Military Entrance Processing Station

in compliance with an official order issued

by the Selective Service System.

Respondents: All registrants required to

travel to or from a Military Entrance

Processing Station at their own expense.

Frequency: One-time.

Burden: The reporting burden is ten

minutes or less per request.

Copies of the above identified forms

can be obtained upon written request to

Selective Service System, Reports

Clearance Officer, 1515 Wilson

Boulevard, Arlington, Virginia 22209–

2425.

Written comments and

recommendations for the proposed

extension of clearance of the form(s)

should be sent within 60 days of

publication of this notice to Selective

Service System, Reports Clearance

Officer, 1515 Wilson Boulevard,

Arlington, Virginia 22209–2425.

A copy of the comments should be

sent to the Office of Information and

Regulatory Affairs, Attention: Desk

Officer, Selective Service System, Office

of Management and Budget, New

Executive Office Building, Room 3235,

Washington, DC 20503.

Dated: February 22, 1995.

Gil Coronado,

Director.

[FR Doc. 95–5435 Filed 3–6–95; 8:45 am]

BILLING CODE 8015–01–M

SMALL BUSINESS ADMINISTRATION

Declaration of Disaster Loan Area;

Alabama

Cullman and Marshall Counties and

the contiguous Counties of Blount,

Dekalb, Etowah, Jackson, Lawrence,

Madison, Morgan, Walker and Winston

in the State of Alabama constitute a

disaster area as a result of damages

caused by severe storms, flooding and

tornadoes which occurred on February

15, 1995. Applications for loans for

physical damage may be filed until the

close of business on May 1, 1995 and for

economic injury until the close of

business on December 1, 1995 at the

address listed below:

U.S. Small Business Administration,

Disaster Area 2 Office, One Baltimore

Place, Suite 300, Atlanta, GA 30308

or other locally announced locations.

The interest rates are:

Percent

For Physical Damage:

Homeowners with credit available elsewhere ........................ 8.000

Homeowners without credit available elsewhere ........................ 4.000

Businesses with credit available

elsewhere ................................ 8.000

Businesses and non-profit organizations without credit available elsewhere ........................ 4.000

Others (including non-profit organizations) with credit available

elsewhere ................................ 7.125

For Economic Injury:

Businesses and small agricultural cooperatives without

credit available elsewhere ....... 4.000

The number assigned to this disaster

for physical damage is 276512 and for

economic injury the number is 847600.

(Catalog of Federal Domestic Assistance

Program Nos. 59002 and 59008).

Dated: March 1, 1995.

Philip Lader,

Administrator.

[FR Doc. 95–5549 Filed 3–6–95; 8:45 am]

BILLING CODE 8025–01–M

Declaration of Disaster Loan Area;

North Carolina and Contiguous

Counties in Tennessee

Watauga County and the contiguous

counties of Ashe, Avery, Caldwell, and