Federal Register / Vol. 61, No. 86 / Thursday, May 2, 1996 / Notices 19649

Applicant, 388 Greenwich Street, New

York, New York 10013.

FOR FURTHER INFORMATION CONTACT:

Diane L. Titus, Paralegal Specialist, at

(202) 942–0584, or Robert A. Robertson,

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, nondiversified management investment

company that was organized as a

limited partnership under the laws of

the State of Delaware. On August 17,

1987, applicant registered as an

investment company under the Act. On

that same date, applicant filed a

registration statement on Form N–1A

under section 8(b) of the Act and the

Securities Act of 1933. The registration

statement became effective on

November 9, 1988 and the initial public

offering commenced shortly thereafter.

2. On January 7, 1992, in light of

applicant’s small asset size and the

unlikelihood of achieving efficiencies of

economy the individual general partners

of applicant, including the individual

general partners who are not interested

persons, unanimously approved a Plan

of Dissolution, Liquidation and

Termination (the ‘‘Plan’’). The Plan

providing for the dissolution of

applicant, the liquidation of applicant’s

assets and the distribution of all the

proceeds of such liquidation, which

were in cash form, less an amount

provided for debts and liabilities of

applicant, to the shareholders of

applicant.

3. On or about March 26, 1992, proxy

materials were mailed to the

shareholders and filed with the SEC.

The shareholders of applicant approved

the Plan on April 30, 1992.

4. As of April 30, 1992, there were

342,269.038 shares of partnership

interest of applicant outstanding, having

a net asset value of $3,306,328.56 and a

per share net asset value of $9.66. As of

May 1, 1992, assets were distributed to

the shareholders and accordingly there

are no shares of partnership interest or

any other class of securities outstanding.

5. In connection with its liquidation,

applicant incurred expenses of

approximately $63,922.63, which were

borne by applicant’s adviser and

administrator. The expenses consisted

of accounting, printing, administrative

and certain legal expenses.

6. As of the filing date of this

application, applicant had no

shareholders, liabilities, or assets.

Applicant is not a party to any litigation

or administrative proceeding.

7. Applicant is not now 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 terminate its

existence under the laws of the State of

Delaware.

For the SEC, by the Division of Investment

Management, under delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 96–10927 Filed 5–1–96; 8:45 am]

BILLING CODE 8010–01–M

[Investment Company Act Release No.

21918; 811–8980]

Schwab Advantage Trust; Notice of

Application

April 26, 1996.

AGENCY: Securities and Exchange

Commission (‘‘SEC’’).

ACTION: Notice of application for

deregistration under the Investment

Company Act of 1940 (the ‘‘Act’’).

APPLICANT: Schwab Advantage Trust.

RELEVANT ACT SECTION: Section 8(f).

SUMMARY OF APPLICATION: Applicant

requests an order declaring that it has

ceased to be an investment company.

FILING DATE: The application was filed

on March 8, 1996, and amended on

April 18, 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 21, 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 Fifth

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

Applicant, 101 Montgomery Street, San

Francisco, California 94104, Attention:

David H. Lui, Esq.

FOR FURTHER INFORMATION CONTACT:

Diane L. Titus, Paralegal Specialist, at

(202) 942–0584, 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

management investment company

organized as a Massachusetts business

trust. Applicant has three portfolios:

Schwab Value Advantage Tax-Free

Money Fund, Schwab Value Advantage

California Tax-Free Money Fund, and

Schwab Value Advantage New York

Tax-Free Money Fund. On February 21,

1995, applicant registered under the Act

and filed a registration statement under

the Act and the Securities Act of 1933

on Form N–1A. Applicant’s registration

statement was never declared effective,

and applicant never issued or sold any

securities.

2. At a regularly scheduled meeting of

applicant’s Board of Trustees, it was

determined that it was advisable and in

the best interests of applicant to

withdraw its registration statement with

the SEC, cease to be registered as an

investment company and terminate its

existence as a Massachusetts business

trust.

3. Applicant has no shareholders,

liabilities or assets. Applicant is not a

party to any litigation or administrative

proceeding.

4. Applicant is not now engaged, nor

does it propose to engage, in any

business activities other than those

necessary for the winding-up of its

affairs. Applicant has filed a Notice of

Termination with the Secretary of State

of The Commonwealth of

Massachusetts.

For the SEC, by the Division of Investment

Management, under delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 96–10928 Filed 5–1–96; 8:45 am]

BILLING CODE 8010–01–M

[Investment Company Act Release No.

21917; 811–5288]

Yen Performance Portfolio L.P.; Notice

of Application

April 26, 1996.

AGENCY: Securities and Exchange

Commission (‘‘SEC’’).

ACTION: Notice of application for

deregistration under the Investment

Company Act of 1940 (the ‘‘Act’’).