Federal Register / Vol. 61, No. 108 / Tuesday, June 4, 1996 / Notices 28253

securities that are non-convertible or not

convertible for at least one year under

the Securities Act of 1933, by registrants

incorporated or organized under the

laws of Canada. This information is

needed to provide full and fair

disclosure to the investing public.

Approximately 210 Forms F–9 will be

filed annually by Canadian issuers with

an aggregate annual burden hours of

420.

Form F–10 is used to register

securities under the Securities Act of

1933, by any substantial issuer

incorporated or organized under the

laws of Canada. This information is

needed to provide full and fair

disclosure to the investing public.

Approximately 210 Forms F–10 will be

filed annually by Canadian issuers with

an aggregate annual burden hours of

420.

Regulation S–T sets forth the filing

requirements relating to the submission

of documents in electronic format

through the Electronic Data Gathering

and Retrieval (EDGAR) system. While

the regulation does not specifically

require any information to be disclosed

but rather addresses the means by

which disclosure required by other

forms and regulations must be filed with

the Commission. For administrative

purposes this Regulation has been

assigned 1 burden hour.

General comments regarding the

estimated burden hours should be

directed to the Desk Officer for the

Securities and Exchange Commission at

the address below. Any comments

concerning the accuracy of the

estimated average burden hours for

compliance with Commission rules and

forms should be directed to Michael E.

Bartell, Associate Executive Director,

Office of Information Technology,

Securities and Exchange Commission,

450 Fifth Street, NW., Washington, DC

20549 and Desk Officer for the

Securities and Exchange Commission,

Office of Information and Regulatory

Affairs, Office of Management and

Budget, Room 3208, New Executive

Office Building, Washington, DC 20503.

Dated: May 23, 1996.

Jonathan G. Katz,

Secretary.

[FR Doc. 96–13848 Filed 6–3–96; 8:45 am]

BILLING CODE 8010–01–M

[Investment Company Act Release No.

21990; 811–5703]

Capital Market Fund, Inc.; Notice of

Application for Deregistration

May 29, 1996.

AGENCY: Securities and Exchange

Commission (‘‘SEC’’).

ACTION: Notice of Application for

Deregistration under the Investment

Company Act of 1940 (the ‘‘Act’’).

APPLICANT: Capital Market Fund, Inc.

RELEVANT ACT SECTION: Section 8(f).

SUMMARY OF APPLICATION: Applicant

seeks an order declaring that it has

ceased to be an investment company.

FILING DATES: The application was filed

on February 23, 1996 and amended on

May 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

June 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 may request notification of a

hearing by writing to the SEC’s

Secretary.

ADDRESSES: Secretary, SEC, 450 Fifth

Street NW., Washington, DC 20549.

Applicant: Capital Market Fund, Inc.,

523 West Sixth St., Suite 220, Los

Angeles, CA 90014.

FOR FURTHER INFORMATION CONTACT:

Mercer E. Bullard, Staff Attorney, (202

942–0565, or Alison E. Baur, Branch

Chief, (202) 942–0564 (Division of

Investment Management, Officer of

Investment Company Regulation).

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,

diversified management investment

company incorporated under Maryland

law and organized in two series: the

U.S. Treasury Money Market Series

(‘‘Money Market Series’’) and the Index

Series. On November 29, 1988,

applicant registered under the Act and

filed a registration statement pursuant to

section 8(b) of the Act and the Securities

Act of 1933. The registration statement

was declared effective on May 29, 1992,

and applicant commenced an initial

public offering of its shares on

November 5, 1992.

2. Applicant served as the investment

vehicle for The SuperTrust for Capital

Market Fund, Inc. Shares

(‘‘SuperTrust’’), a unit investment trust

organized in two series: the U.S.

Treasury Money Market Trust for U.S.

Treasury Money Market Shares (‘‘Money

Market Trust’’) and the Index Trust for

Index Shares (‘‘Index Trust’’ or,

collectively with the Money Market

Trust, ‘‘Subtrusts’’).

3. Securityholders of the Subtrusts

had the right to direct the voting of

shares of their respective Series. On

September 20, 1995, the Subtrusts’

securityholders voted to amend

applicant’s Articles of Incorporation to

add a provision that would permit the

Board of Directors (the ‘‘Board’’) to

redeem shares of each Series of

applicant in connection with its

liquidation. On the same date, the Board

authorized the redemption of all shares

of applicant.

4. In deciding whether to authorize

the liquidation, the Board considered,

among other things, that it was likely

that securityholders would redeem a

substantial part of the Fund’s assets

upon termination of the SuperTrust,

which would make it difficult for each

Series of the Fund to achieve its

investment objective and result in an

increase in the Fund’s expense ratio.

The Board also considered that the

investment adviser to the Money Market

Series had notified the Fund that it

would not continue to provide advisory

services after November 30, 1995, and

the possibility that it would not be

feasible to attract a replacement.

Consequently, the Board determined

that it would be in the best interests of

the Fund and its shareholders to

authorize the liquidation of the Fund.

5. On November 3, 1995, an investor

holding 98 percent of the Index Trust

redeemed all of its shares of the Trust

in exchange for shares of the Index

Series, and concurrently redeemed all of

these shares, the proceeds of which

were distributed primarily ‘‘in kind.’’

All stocks of the Index Series were

distributed to this investor. The only

remaining assets of the Index Series

were cash and cash equivalents, the

accrued income from which through

November 5, 1995, were included in the

net asset value calculated on November

3, 1995. Similarly, accrued income

through November 5, 1995, was

included in the net asset value of the

Money Market Series calculated on

November 3, 1995. The net asset value
28254 Federal Register / Vol. 61, No. 108 / Tuesday, June 4, 1996 / Notices

for each Series after November 3, 1995

thus did not change prior to the

termination of applicant.

6. On November 5, 1995, the

Subtrusts terminated and their shares

were redeemed in exchange for shares of

their respective Series. Concurrently, all

shares of each Series were redeemed at

their net asset value determined on

November 3, 1995. At the time of the

redemption, all shares of each Series

were held by the respective Subtrust.

All redemption proceeds were in cash

and were deposited on November 6,

1995, with the SuperTrust’s trustee for

subsequent distribution to

securityholders.

7. Applicant has no assets, or debts or

other liabilities. In connection with

obtaining shareholder approval to

liquidate the Fund, applicant incurred

$20,998 in expenses for accounting and

legal services and printing and

distribution costs, which were allocated

between the Money Market Series and

the Index Series in proportion to their

relative aggregate net assets.

8. There are no shareholders of

applicant to whom distributions in

complete liquidation of their interests

have not been made. Applicant is not a

party to any litigation or administrative

proceeding. Applicant has no

securityholders and 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.

9. Applicant intends to file a

certificate of dissolution or similar

document pursuant to the laws of the

State of Maryland.

For the SEC, by the Division of Investment

Management, under delegated authority.

Jonathan G. Katz,

Secretary.

[FR Doc. 96–13849 Filed 6–3–96; 8:45 am]

BILLING CODE 8010–01–M

[Investment Company Act Release No.

21991; 811–6363]

The SuperTrust Trust for Capital

Market Fund, Inc. Shares; Notice of

Application for Deregistration

May 29, 1996.

AGENCY: Securities and Exchange

Commission (‘‘SEC’’).

ACTION: Notice of Application for

Deregistration under the Investment

Company Act of 1940 (the ‘‘Act’’).

APPLICANT: The SuperTrust Trust for

Capital Market Fund, Inc. Shares.

RELEVANT ACT SECTION: Section 8(f).

SUMMARY OF APPLICATION: Applicant

seeks an order declaring that it has

ceased to be an investment company.

FILING DATES: The application was filed

on February 23, 1996 and amended on

May 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 Security

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 June 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 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: The SuperTrust Trust for

Capital Market Fund, Inc. Shares, 523

West Sixth St., Suite 220, Los Angeles,

CA 90014.

FOR FURTHER INFORMATION CONTACT:

Mercer E. Bullard, Staff Attorney, (202)

942–0565, or Alison E. Baur, Branch

Chief, (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 at the SEC’s

Public Reference Branch.

Applicant’s Representations

1. Applicant is a unit investment trust

organized under New York law in two

series: the U.S. Treasury Money Market

Trust for U.S. Treasury Money Market

Shares (‘‘Money Market Trust’’) and the

Index Trust for Index Shares (‘‘Index

Trust’’ or, collectively with the Money

Market Trust, ‘‘Subtrusts’’). According

to SEC records, applicant registered

under the Act on July 19, 1991, and

filed a registration statement pursuant to

section 8(b) of the Act on July 22, 1991.

On November 29, 1988, applicant filed

a registration statement under the

Securities Act of 1933, which was

declared effective on May 29, 1992.

Applicant commenced an initial public

offering of its shares on November 5,

1992.

2. The Capital Market Fund, Inc.

(‘‘Fund’’) served as the investment

vehicle for applicant. The Fund is a

registered management investment

company organized in two series: the

U.S. Treasury Money Market Series

(‘‘Money Market Series’’) and the Index

Series.

3. On November 5, 1995, the

Subtrusts terminated in accordance with

their respective Reference Trust

Indentures and applicant’s prospectus.

Shareholder authorization was not

required.

4. The Subtrusts’ securityholders had

the right to direct the voting of shares

of their respective Series. On September

20, 1995, applicant’s securityholders

voted to amend the Fund’s Articles of

Incorporation to add a provision that

would permit the Board of Directors (the

‘‘Board’’) to redeem shares of each

Series in connection with its

liquidation. On the same date, the Board

authorized the redemption of all shares

of the Fund.

5. On November 3, 1995, an investor

holding 98 percent of the Index Trust

redeemed all of its shares of the Trust

in exchange for shares of the Index

Series, and concurrently redeemed all of

these shares, the proceeds of which

were distributed primarily ‘‘in kind.’’

All stocks held by the Index Series were

distributed to this investor. The only

remaining assets of the Index Series

were cash and cash equivalents, the

accrued income from which through

November 5, 1995, was included in the

net asset value calculated on November

3, 1995. Similarly, accrued income

through November 5, 1995, was

included in the net asset value of the

Money Market Series calculated on

November 3, 1995. The net asset values

for each Series after November 3, 1995

thus did not change prior to the

termination of the Fund.

6. On November 5, 1995, the

Subtrusts terminated and their shares

were redeemed in exchange for shares of

their respective Series. Concurrently, all

shares of each Series were redeemed at

their net asset value determined on

November 3, 1995. At the time of the

redemption, all shares of each Series

were held by the respective Subtrust.

All redemption proceeds were in cash

and were distributed to securityholders

on November 7, 1995.

7. Applicant has no assets, or any

debts or other liabilities. Applicant

incurred legal expenses of $1,638 in

connection with the liquidation of its

securities, which were allocated

between the Money Market Trust and

Index Trust in proportion to their

relative aggregate net assets. Expenses in

the amount of $20,998 incurred in

connection with the liquidation of the

Fund were paid by the Fund.

8. There are no securityholders of

applicant to whom distributions in

complete liquidation of their interests

have not been made. Applicant is not a