[Federal Register Volume 61, Number 86 (Thursday, May 2, 1996)]
[Notices]
[Pages 19648-19649]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-10927]



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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 21919; 811-5287]


Pound Sterling 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'').

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APPLICANT: Pound Sterling 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 DATE: The application was filed on July 14, 1995, and an 
amendment thereto 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 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, 540 Fifth Street, N.W., Washington, D.C. 
20549.

[[Page 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, non-diversified 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