[Federal Register Volume 61, Number 86 (Thursday, May 2, 1996)]
[Notices]
[Page 19649]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-10928]



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SECURITIES AND EXCHANGE COMMISSION
[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'').

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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