Federal Register / Vol. 61, No. 110 / Thursday, June 6, 1996 / Notices 28911

June 21, 1996—Last day of filing of petitions

to intervene [see 39 CFR 3001.111(b)]

July 2, 1996—Petitioner’s Participant

Statement or Initial Brief [see 39 CFR

3001.115(a) and (b)]

July 22, 1996—Postal Service’s Answering

Brief [see 39 CFR 3001.115(c)]

August 6, 1996—Petitioner’s Reply Brief

should Petitioner choose to file one [see

39 CFR 3001.115(d)]

August 13, 1996—Deadline for motions by

any party requesting oral argument. The

Commission will schedule oral argument

only when it is a necessary addition to

the written filings [see 39 CFR 3001.116]

September 26, 1996—Expiration of the

Commission’s 120-day decisional

schedule [see 39 U.S.C. § 404(b)(5)]

[FR Doc. 96–14255 Filed 6–5–96; 8:45 am]

BILLING CODE 7710–FW–P

PRESIDENTIAL ADVISORY

COMMITTEE ON GULF WAR

VETERANS’ ILLNESSES

Meeting

AGENCY: Presidential Advisory

Committee on Gulf War Veterans’

Illnesses.

ACTION: Notice of open meeting.

SUMMARY: Under the provisions of the

Federal Advisory Committee Act, this

notice is hereby given to announce an

open meeting of the Presidential

Advisory Committee on Gulf War

Veterans’ Illnesses.

DATES: July 8, 1996, 9:00 a.m.–5:00 p.m.;

July 9, 1996, 8:30 a.m.–3:30 p.m.

PLACE: Ambassador West Hotel, 1300

North State Parkway, Chicago, IL 60610.

SUPPLEMENTARY INFORMATION: The

President established the Presidential

Advisory Committee on Gulf War

Veterans’ Illnesses by Executive Order

12961, May 26, 1995. The purpose of

this committee is to review and provide

recommendations on the full range of

government activities associated with

Gulf War veterans’ illnesses. The

committee reports to the President

through the Secretary of Defense, the

Secretary of Health and Human

Services, and the Secretary of Veterans

Affairs. The committee members have

expertise relevant to the functions of the

committee and are appointed by the

President from non-Federal sectors.

Tentative Agenda

Monday, July 8, 1996

9:00 a.m.—Call to order and opening remarks

9:10 a.m.—Public comment

10:15 a.m.—Break

10:30 a.m.—Public comment (cont.)

11:30 a.m.—Briefing: Research funded

through the Department of Defense’s

1995 Broad Agency Announcement

12:30 p.m.—Lunch

1:30 p.m.—Briefing: Chemical and biological

weapons

2:15 p.m.—Briefing: Persian Gulf Veterans

Coordinating Board, Compensation

Working Group

3:15 p.m.—Break

3:30 p.m.—Briefings: Outreach issues

5:00 p.m.—Meeting recessed

Tuesday, July 9. 1996

8:30 a.m.—Call to order

8:35 a.m.—Briefings: Chemical warfare

agents

9:45 a.m.—Break

10:00 a.m.—Briefings: Risk factors

12:00 p.m.—Lunch

1:00 p.m.—Briefings: Risk factors (cont.)

2:30 p.m.—Committee and staff discussion:

Next steps

3:30 p.m.—Meeting adjourned

A final agenda will be available at the

meeting.

Public Participation

The meeting is open to the public.

Members of the public who wish to

make oral statements should contact the

Advisory Committee at the address or

telephone number listed below at least

five business days prior to the meeting.

Reasonable provisions will be made to

include on the agenda presentations

from individuals who have not yet had

an opportunity to address the Advisory

Committee. Priority will be given to

Gulf War veterans and their families.

The Advisory Committee Chair is

empowered to conduct the meeting in a

fashion that will facilitate the orderly

conduct of business. People who wish

to file written statements with the

Advisory Committee may do so at any

time.

FOR FURTHER INFORMATION CONTACT:

Miles W. Ewing, Presidential Advisory

Committee on Gulf War Veterans’

Illnesses, 1411 K Street, N.W., suite

1000, Washington, DC 20005,

Telephone: (202) 761–0066, Fax: (202)

761–0310.

Dated: June 3, 1996.

C.A. Bock,

Federal Register Liaison Officer, Presidential

Advisory Committee on Gulf War Veterans’

Illnesses.

[FR Doc. 96–14267 Filed 6–5–96; 8:45 am]

BILLING CODE 3610–76–M

RAILROAD RETIREMENT BOARD

Determination of Quarterly Rate of

Excise Tax for Railroad Retirement

Supplemental Annuity Program

In accordance with directions in

Section 3221(c) of the Railroad

Retirement Tax Act (26 U.S.C. 3221(c)),

the Railroad Retirement Board has

determined that the excise tax imposed

by such Section 3221(c) on every

employer, with respect to having

individuals in his employ, for each

work-hour for which compensation is

paid by such employer for services

rendered to him during the quarter

beginning July 1, 1996, shall be at the

rate of 34 cents.

In accordance with directions in

Section 15(a) of the Railroad Retirement

Act of 1974, the Railroad Retirement

Board has determined that for the

quarter beginning July 1, 1996, 33.4

percent of the taxes collected under

Sections 3211(b) and 3221(c) of the

Railroad Retirement Tax Act shall be

credited to the Railroad Retirement

Account and 66.6 percent of the taxes

collected under such Sections 3211(b)

and 3221(c) plus 100 percent of the

taxes collected under Section 3221(d) of

the Railroad Retirement Tax Act shall be

credited to the Railroad Retirement

Supplemental Account.

Dated: May 29, 1996.

By Authority of the Board.

Beatrice Ezerski,

Secretary to the Board.

[FR Doc. 96–14209 Filed 6–5–96; 8:45 am]

BILLING CODE 7905–01–M

SECURITIES AND EXCHANGE

COMMISSION

Submission for OMB Review;

Comment Request

Upon Written Request, Copies Available

From: Securities and Exchange

Commission, Office of Filings and

Information Services, Washington, DC

20549

Extension:

Rule 17a–4—SEC File No. 270–198—

OMB Control No. 3235–0279

Rule 24—SEC File No. 270–129—

OMB Control No. 3235–0126

Notice is hereby given that pursuant

to the Paperwork Reduction Act of 1995

(44 U.S.C. 3501 et seq.), the Securities

and Exchange Commission

(‘‘Commission’’) has submitted to the

Office of Management and Budget

request for approval of extension on the

following rules:

Rule 17a–4 requires exchange

members, brokers and dealers to

preserve for prescribed periods of time

certain records required to be made

under Rule 17a–3. It is anticipated that

approximately 8,300 broker-dealers are

required to comply with Rule 17a–4 and

each will spend 250.25 hours per year

complying with the rule. The total

annual burden is estimated to be

2,077,075 hours.
28912 Federal Register / Vol. 61, No. 110 / Thursday, June 6, 1996 / Notices

1 Interests in the AMR Trust are offered to the

Advantage Trust and the Mileage Trust pursuant to

an exemption from registration under the private

offering exemption contained in section 4(2) of the

Securities Act of 1933.

Rule 24 requires the filing with the

Commission of certain information

indicating that an authorized

transaction has been carried out in

accordance with the terms and

conditions of the Commission order

relating thereto. The rule imposes a

burden of about 358 hours annually on

approximately 253 respondents.

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 30, 1996.

Jonathan G. Katz,

Secretary.

[FR Doc. 96–14176 Filed 6–5–96; 8:45 am]

BILLING CODE 8010–01–M

[Investment Company Act Rel. No. 21995;

812–9974]

American AAdvantage Funds, et al.;

Notice of Application

May 30, 1996.

AGENCY: Securities and Exchange

Commission (‘‘SEC’’).

ACTION: Notice of Application for

Exemption under the Investment

Company Act of 1940 (‘‘Act’’).

APPLICANTS: Amrican AAdvantage

Funds (the ‘‘AAdvantage Trust’’),

American AAdvantage Mileage Funds

(the ‘‘Mileage Trust’’), AMR Investment

Services Trust (the ‘‘AMR Trust,’’

collectively with the AAdvantge Trust

and the Mileage Trust, the ‘‘Trusts’’),

and AMR Investment Services, Inc.

(‘‘Manager’’), on behalf of themselves

and all future investment companies or

series funds of the Trusts that employ

the ‘‘multi-manager’’ structure described

in the application and are advised by

the Manager or an entity controlling,

controlled by, or under common control

(within the meaning of section 2(a)(9) of

the Act) with the Manager.

RELEVANT ACT SECTIONS: Exemption

requested under section 6(c) of the Act

from the provisions of section 15(a) and

rule 18f–2.

SUMMARY OF APPLICATION: Applicants

seek a conditional order permitting the

Manager, as investment adviser to the

Trusts, to enter into sub-advisory

contracts on behalf of one or more series

funds of the Trusts without obtaining

prior shareholder approval.

FILING DATES: The application was filed

on January 29, 1996, and amended on

May 6, 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 applicants 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

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 who wish to be notified of a

hearing may request such notification

by writing to the SEC’s Secretary.

ADDRESSES: Secretary, SEC, 450 Fifth

Street, NW., Washington, DC 20549.

Applicants, 4333 Amon Carter

Boulevard, MD 5645, Forth Worth,

Texas 76155.

FOR FURTHER INFORMATION CONTACT:

Courtney S. Thornton, Senior Counsel,

at (202) 942–0583, or David M.

Goldenberg, 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.

Applicants’ Representations

1. The AAdvantage Trust, which

currently has eight series funds (the

‘‘AAdvantage Funds’’), and the Mileage

Trust, which currently has seven series

funds (the ‘‘Mileage Funds,’’

collectively with the AAdvantage

Funds, the ‘‘Funds’’), are Massachusetts

business trusts registered under the Act

as open-end management investment

companies. Each Fund is a separate

investment series of the AAdvantage

Trust or the Mileage Trust and has

distinct investment objectives and

policies. Because applicants believe that

returns can be enhanced by careful

selection and blending of styles of

several investment managers within a

single asset class, three of the Funds

have operated as ‘‘multi-manager’’ funds

(the ‘‘Multi-Manager Funds’’) since their

organization in 1987. Each of the MultiManager Funds has relied upon at least

two sub-advisers with different

investment styles (the ‘‘Money

Managers’’) for the provision of

investment advisory services.

2. The Funds implemented a ‘‘masterfeeder’’ structure on November 1, 1995.

Under this structure, each Fund (other

than the American AAdvantage ShortTerm Income Fund, which invests

directly in investment securities) invests

all of its investable assets in a

corresponding series fund (‘‘Portfolio’’)

of the AMR Trust, a New York common

law trust that is registered under the Act

as an open-end management investment

company.1 Each of the seven Portfolios

has investment objectives identical to

those of the corresponding Funds.

3. With the conversion of the majority

of the Funds to a master-feeder

structure, the three Portfolios in which

the Multi-Manager Funds invest were

structured as multi-manager investment

vehicles employing tow or more Money

Managers (the ‘‘Multi-Manager

Portfolios’’). Each Money Manager

provides investment advisory services

for the Multi-Manager Portfolios and

their corresponding Funds pursuant to a

separate investment advisory agreement

(the ‘‘Money Manager Agreement’’) with

the Manager, who pays the fees of the

Money Managers out of the investment

advisory fees it receives from the Trusts.

As long as a Fund invests all of its

investable assets in a corresponding

Multi-Manager Portfolio, however, a

Money Manager will receive an advisory

fee only on behalf of the Multi-Manager

Portfolio and not on behalf of the

corresponding Fund(s). The Manager

currently serves as the sole investment

adviser to the non-Multi-Manager

Portfolios, to which the requested relief

will not apply unless they elect to

employ two or more Money Managers.

4. The Manager, a wholly-owned

subsidiary of AMR Corporation, the

parent corporation of American

Airlines, Inc., is registered as an

investment adviser under the

Investment Advisers Act of 1940. The

Manager provides the Trusts with

administrative and asset management

services, including the oversight of all

investment advisory and portfolio

management services for the Funds and

the Portfolios pursuant to investment

advisory contracts (the ‘‘Management

Agreements’’). However, as a result of

the master-feeder structure, all

investment management for the Multi-