Federal Register / Vol. 61, No. 88 / Monday, May 6, 1996 / Notices 20295

For the SEC, by the Division of Investment

Management, under delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 96–11139 Filed 5–3–96; 8:45 am]

BILLING CODE 8010–01–M

[Rel. No. IC–21926; 811–5286]

Deutsche Mark Performance Portfolio

L.P.; Notice of Application

April 29, 1996.

AGENCY: Securities and Exchange

Commission (‘‘SEC’’).

ACTION: Notice of Application for

Deregistration under the Investment

Company Act of 1940 (the ‘‘Act’’).

APPLICANT: Deutsche Mark Performance

Portfolio L.P.

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 July 6, 1995 and amended on April

17, 1996.

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

May 24, 1996, and should be

accompanied by proof of service on

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 who wish to be notified of a

hearing may request notification by

writing to the SEC’s Secretary.

ADDRESSES: Secretary, SEC, 450 Fifth

Street, NW., Washington, DC 20549.

Applicant, 388 Greenwich Street, New

York, New York 10013.

FOR FURTHER INFORMATION CONTACT:

David W. Grim, Staff Attorney, (202)

942–0571, or Robert A. Robertson,

Branch Chief, (202) 942–0564 (Office of

Investment Company Regulation,

Division of Investment Management).

SUPPLEMENTARY INFORMATION: The

following is a summary of the

application. The complete application

may be obtained for a fee at the SEC’s

Public Reference Branch.

Applicant’s Representations

1. Applicant is an open-end

management investment company

organized as a Delaware limited

partnership. On August 17, 1987,

applicant registered under the Act and

filed a registration statement to register

its securities under the Securities Act of

1933. Applicant’s registration statement

was declared effective on November 9,

1988, and its initial public offered

commenced shortly thereafter.

2. On January 7, 1992, in light of

applicant’s small size and the resulting

unlikelihood of achieving economies of

scale, the Individual General Partners of

applicant unanimously approved a Plan

Dissolution, Liquidation, and

Termination (the ‘‘Plan’’) providing for

the dissolution of applicant, the

liquidation of applicant’s assets, and the

distribution of the proceeds from such

liquidation to applicant’s unitholders.

Proxy materials relating to the Plan were

filed with the SEC and distributed to

unitholders on or about March 26, 1992.

On April 30, 1992, a majority of

applicant’s unitholder approved the

Plan.

3. As of April 30, 1992, applicant had

464,696,91 units of partnership interest

outstanding, with a net asset value of

$10.22 per unit and an aggregate net

asset value of $4,749,213.20. On May 1,

1992, applicant’s assets were liquidated

and the proceeds of such liquidation,

less an amount retained for liabilities,

were distributed to applicant’s

unitholders in an amount based upon

applicant’s per share net asset value. All

sales of portfolios securities were

executed in open market transactions

through brokers or dealers not affiliated

with applicant or its investment adviser.

4. The expenses applicable to the

liquidation amounted to approximately

$24,486.31. These expenses, which were

for accounting, printing, administrative,

and legal services, were borne by

applicant’s investment adviser and

administrator. In addition, prior to

distribution of applicant’s assets, its

adviser and administrator contributed to

applicant’s assets an amount equal to

applicant’s unamortized organizational

expenses.

5. At the time of filing the application,

applicant has no assets or liabilities.

Applicant has no unitholders and is not

a party to any litigation or

administrative proceeding. Applicant is

not engaged in, and does not propose to

engage in, any business activities other

than those necessary for the winding-up

of its affairs. To effect the dissolution of

applicant as a Delaware limited

partnership, a certificate of cancellation

will be filed with the Secretary of State

of the State of Delaware.

For the SEC, by the Division of Investment

Management, under delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 96–11140 Filed 5–3–96; 8:45 am]

BILLING CODE 8010–01M

[Rel. No. IC–21923; 811–5285]

Managed Currency Portfolio L.P.;

Notice of Application

April 29, 1996.

AGENCY: Securities and Exchange

Commission (‘‘SEC’’).

ACTION: Notice of application for

deregistration under the Investment

Company Act of 1940 (the ‘‘Act’’).

APPLICANT: Managed Currency Portfolio

L.P.

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 July 11, 1995 and amended on April

17, 1996.

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

May 24, 1996, and should be

accompanied by proof of service on

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 who wish to be notified of a

hearing may request notification by

writing to the SEC’s Secretary.

ADDRESSES: Secretary, SEC, 450 Fifth

Street NW., Washington, DC 20549.

Applicant, 388 Greenwich Street, New

York, NY 10013.

FOR FURTHER INFORMATION CONTACT:

David W. Grim, Staff Attorney, (202)

942–0571, or Robert A. Robertson,

Branch Chief, (202) 942–0564 (Office of

Investment Company Regulation,

Division of Investment Management).

SUPPLEMENTARY INFORMATION: The

following is a summary of the

application. The complete application

may be obtained for a fee at the SEC’s

Public Reference Branch.

Applicant’s Representations

1. Applicant is an open-end

management investment company

organized as a Delaware limited
20296 Federal Register / Vol. 61, No. 88 / Monday, May 6, 1996 / Notices

partnership. On August 17, 1987,

applicant registered under the Act and

filed a registration statement to register

its securities under the Securities Act of

1933. Applicant’s registration statement

was declared effective on November 9,

1988, and its initial public offering

commenced shortly thereafter.

2. On January 7, 1992, in light of

applicant’s small size and the resulting

unlikelihood of achieving economies of

scale, the Individual General Partners of

applicant unanimously approved a Plan

of Dissolution, Liquidation, and

Termination (the ‘‘Plan’’) providing for

the dissolution of applicant, the

liquidation of applicant’s assets, and the

distribution of the proceeds from such

liquidation to applicant’s unitholders.

Proxy materials relating to the Plan were

filed with the SEC and distributed to

unitholders on or about March 26, 1992.

On April 30, 1992, a majority of

applicant’s unitholders approved the

Plan.

3. As of April 30, 1992, applicant had

249,941.79 units of partnership interest

outstanding, with a net asset value of

$10.38 per unit and an aggregate net

asset value of $2,594,406.15. On May 1,

1992, applicant’s assets were liquidated

and the proceeds of such liquidation,

less an amount retained for liabilities,

were distributed to applicant’s

unitholders in an amount based upon

applicant’s per share net asset value. All

sales of portfolio securities were

executed in open market transactions

through brokers or dealers not affiliated

with applicant or its investment adviser.

4. The expenses applicable to the

liquidation amounted to approximately

$64,317.06. These expenses, which were

for accounting, printing, administrative,

and legal services, were borne by

applicant’s investment adviser and

administrator. In addition, prior to

distribution of applicant’s assets, its

adviser and administrator contributed to

applicant’s assets an amount equal to

applicant’s unamortized organizational

expenses.

5. At the time of filing the application,

applicant had no assets or liabilities.

Applicant has no unitholders and is not

a party to any litigation or

administrative proceeding. Applicant is

not engaged in, and does not propose to

engage in, any business activities other

than those necessary for the winding-up

of its affairs. To effect the dissolution of

applicant as a Delaware limited

partnership, a certificate of cancellation

will be filed with the Secretary of State

of the State of Delaware.

For the SEC, by the Division of Investment

Management, under delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 96–11137 Filed 5–3–96; 8:45 am]

BILLING CODE 8010–01–M

[Rel. No. IC–21931; File No. 812–10100]

The Manufacturers Life Insurance

Company of America, et al.

April 30, 1996.

AGENCY: Securities and Exchange

Commission (‘‘SEC’’).

ACTION: Notice of application for

exemptions under the Investment

Company Act of 1940 (‘‘1940 Act’’).

APPLICANTS: The Manufacturers Life

Insurance Company of America,

(‘‘Company’’), Separate Account Three

of The Manufacturers Life Insurance

Company of America (‘‘Account’’) and

ManEquity, Inc. (‘‘ManEquity’’).

RELEVANT 1940 ACT SECTIONS: Order

requested under Section 6(c) for

exemptions from Section 27(a)(3) of the

1940 Act and Rule 6e–3(T)(b)(13)(ii)

thereunder.

SUMMARY OF APPLICATION: Applicants

seek an order to permit the front-end

sales load imposed under certain

flexible premium variable life insurance

policies (‘‘Policies’’) to be eliminated for

payments in excess of one Target

Premium in any Policy year.

FILING DATE: The application was filed

on April 23, 1996. Applicants represent

that they will amend the application

during the notice period to conform to

the representation set forth herein.

HEARING OR NOTIFICATION OF HEARING: An

order granting the application will be

issued unless a hearing is ordered.

Interested persons may request a

hearing by writing to the SEC’s

Secretary and serving the Applicants

with a copy of the request, personally or

by mail. Hearing requests must be

received by the SEC by 5:30 p.m. on

May 21, 1996 and should be

accompanied by proof of service on the

Applicants 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 the

date of a hearing by writing to the SEC’s

Secretary.

ADDRESSES: Secretary, SEC, 450 Fifth

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

Applicants, The Manufacturers Life

Insurance Company of America, 200

Bloor Street East, Toronto, Ontario,

Canada M4W 1E5.

FOR FURTHER INFORMATION CONTACT:

Joyce Merrick Pickholz, Senior Counsel,

or Wendy Finck Friedlander, Deputy

Chief, at (202) 942–0670, Office of

Insurance Products, Division of

Investment Management.

SUPPLEMENTARY INFORMATION: The

following is a summary of the

application. The complete application is

available for a fee from the SEC’s Public

Reference Branch.

Applicants’ Representations

1. The Company is a stock life

insurance company organized under the

laws of the State of Pennsylvania on

April 11, 1977 and redomesticated

under the laws of Michigan on

December 9, 1992. The Company is a

wholly-owned subsidiary of Manulife

Reinsurance Corporation (U.S.A.),

which in turn is a wholly-owned

subsidiary of Manufacturers Life, a

mutual life insurance company based in

Toronto, Canada. The Company is

authorized to do business in the District

of Columbia and in all states of the

United States except the State of New

York.

2. The Account was established under

Pennsylvania law on August 22, 1986.

Since December 9, 1992, the Account

has been operated under Michigan law.

The assets of the Account fund the

Policies and certain other variable life

insurance policies issued by the

Company. The Account is registered

under the 1940 Act as a unit investment

trust.

3. ManEquity, an indirect, whollyowned subsidiary of Manulife

Reinsurance Corporation (U.S.A.), is

registered with the Commission as a

broker-dealer and is a member of the

National Association of Securities

Dealers, Inc. ManEquity is the principal

underwriter for the Policies and for

other variable life insurance policies

and variable annuity contracts issued by

the Company.

4. The Policies are flexible-premium

survivorship life insurance policies that

permit accumulation of Policy Values

on a variable, fixed, or combination of

variable and fixed basis. The Company

will issue a Policy with a face amount

of at least $250,000, and will generally

issue Policies only to persons who have

not attained age 90.

5. A Policy owner may pay premiums

at any time and in any amount, subject

to certain limitations. At a Policy’s

maturity, Policy Value, minus any

outstanding Policy loans and unpaid

interest thereon, is paid to the Policy

owner.

6. Policy Values currently may be

allocated among sub-accounts of the

Account (‘‘Investment Accounts’’) that