Federal Register / Vol. 61, No. 19 / Monday, January 29, 1996 / Notices 2861

1This date is derived from the SEC’s

computerized data retrieval system.

Accounts (the ‘‘Substitution’’), and (ii)

resolved that, contingent on shareholder

approval of the Substitution and receipt

of approval of the Substitution by the

SEC, Applicant be liquidated and

dissolved pursuant to Minnesota law.

On December 21, 1994, the beneficial

owners of the shares of common stock

of Applicant approved the Substitution.

On December 21, 1994, NWNL

approved a plan of liquidation and

dissolution (the ‘‘Plan’’) for Applicant.

4. On May 1, 1995, pursuant to an

SEC staff no-action position letter, dated

April 10, 1995 (Ref. No. IP–1–95), shares

of Applicant held by the Variable

Accounts where redeemed by NWNL,

leaving NWNL as the sole security

holder of Applicant. The proceeds of

that redemption were used to purchase

shares of the Growth Portfolio. On May

23, 1995, NWNL, as the sole security

holder of Applicant, approved a

proposal to liquidate and dissolve

Applicant pursuant to the Plan.

Applicant completed its liquidation and

distributed its remaining assets ($100) to

NWNL on May 24, 1995.

5. Applicant has no assets or security

holders. Applicant is not a party to any

litigation or administrative proceeding

and is not now engaged, nor does it

intend to engage, in any business

activities other than those necessary for

the winding-up of its affairs.

6. Applicant has not, within the past

18 months, transferred any of its assets

to a separate trust, the beneficiaries of

which were or are security holders

Applicant.

7. The only outstanding debts

Applicant, for which Applicant has not

received final invoices, are

approximately $15,000 in 1994 audit

fees and fees for tax preparation

services. Northstar Investment

Management Corporation (‘‘Northstar’’),

Applicant’s investment adviser, has

agreed to pay these fees on behalf of

Applicant, pursuant to the

reimbursement arrangement contained

in the investment advisory agreement

between Applicant and Northstar.

8. The only expenses associated with

the liquidation of Applicant are

brokerage commissions, legal and fund

accounting services fees, and certain

filing fees. These fees are expected to

aggregate approximately $10,000,

$2,500, and $70, respectively. NWNL

and Northstar will pay all such

expenses.

9. Applicant represents that it will

continue to file all reports required by

Rules 30a–1 and 30b–1 under the 1940

Act until the requested order is granted.

10. Applicant intends to file Articles

of Dissolution with the State of

Minnesota to terminate its existence as

a Minnesota corporation.

For the Commission, by the Division of

Investment Management, pursuant to

delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 96–1477 Filed 1–26–96; 8:45 am]

BILLING CODE 8010–01–M

[Rel. No. IC–21694; File No. 811–4487]

Select Managed Fund, Inc.

January 22, 1996.

AGENCY: U.S. Securities and Exchange

Commission (‘‘SEC’’).

ACTION: Notice of application for an

order under the Investment Company

Act of 1940 (the ‘‘1940 Act’’).

APPLICANT: Select Managed Fund, Inc.

(‘‘Select Managed’’).

RELEVANT 1940 ACT SECTION: Order

requested under Section 8(f) of the 1940

Act.

SUMMARY OF APPLICATION: Applicant

seeks an order declaring that it has

ceased to be an investment company.

FILING DATE: The application was filed

on September 19, 1995.

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 Secretary of

the SEC 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

February 16, 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 writers interest, the reason for the

request, and the issues contested.

Persons who wish to be notified of a

hearing may request notification by

writing to the Secretary of the SEC.

ADDRESSES: Secretary, SEC, 450 Fifth

Street, NW., Washington, DC 20549;

Applicant, 20 Washington Avenue

South, Minneapolis, Minnesota 55401.

FOR FURTHER INFORMATION CONTACT:

Joseph G. Mari, Senior Special Counsel,

or Patrice M. Pitts, Special Counsel,

Division of Investment Management

(Office of Insurance Products), at (202)

942–0670.

SUPPLEMENTARY INFORMATION: Following

is a summary of the application. The

complete application is available for a

fee from the Public Reference Branch of

the SEC.

Applicant’s Representations

1. Select Managed is organized as a

Minnesota corporation, and is registered

under the 1940 Act as an open-end

diversified management investment

company. On October 9, 1985,1

Applicant filed a registration statement

under Section 8(b) of the 1940 Act, and

a registration statement on Form N–1A

under the Securities Act of 1933

registering an unlimited number of

shares of common stock, having no

designated par value (File No. 33–765).

The Form N–1A registration statement

became effective and the initial public

offering commenced on March 3, 1986.

2. Applicant’s only security holders

were Northwestern National Life

Insurance Company (‘‘NWNL’’) and subaccounts of NWNL Select Variable

Account and Select*Life Variable

Account (the ‘‘Variable Accounts’’).

3. On November 1, 1994, Applicant’s

board of directors unanimously (i)

approved the substitution of shares of

the Growth Portfolio of the Variable

Insurance Products Fund (the ‘‘Fidelity

Growth Portfolio’’) for shares of

Applicant held by the Variable

Accounts (the ‘‘Substitution’’), and (ii)

resolved that, contingent on shareholder

approval of the Substitution and receipt

of approval of the Substitution by the

SEC, Applicant be liquidated and

dissolved pursuant to Minnesota law.

On December 21, 1994, the beneficial

owners of the shares of common stock

of Applicant approved the Substitution.

On December 21, 1994, NWNL

approved a plan of liquidation and

dissolution (the ‘‘Plan’’) for Applicant.

4. On May 1 1995, pursuant to an SEC

staff no-action position letter, dated

April 10, 1995 (Ref. No. IP–1–95), shares

of Applicant held by the Variable

Accounts were redeemed by NWNL,

leaving NWNL as the sole security

holder of Applicant. The proceeds of

that redemption were used to purchase

shares of the Asset Manager Portfolio of

the Variable Insurance Products Fund II.

On May 23, 1995, NWNL, as the sole

security holder of Applicant, approved

a proposal to liquidate and dissolve

Applicant pursuant to the Plan.

Applicant completed its liquidation and

distributed its remaining assets ($100) to

NWNL on May 24, 1995.

5. Applicant has no assets or security

holders. Applicant is not a party to any

litigation or administrative proceeding

and is not now engaged, nor does it

intend to engage, in any business

activities other than those necessary for

the winding-up of its affairs.
2862 Federal Register / Vol. 61, No. 19 / Monday, January 29, 1996 / Notices

6. Applicant has not, within the past

18 months, transferred any of its assets

to a separate trust, the beneficiaries of

which were or are security holders of

Applicant.

7. The only outstanding debts of

Applicant, for which Applicant has not

received final invoices, are

approximately $15,000 in 1994 audit

fees and fees for tax preparation

services. Northstar Investment

Management Corporation (‘‘Northstar’’),

Applicant’s investment adviser, has

agreed to pay these fees on behalf of

Applicant, pursuant to the

reimbursement arrangement contained

in the investment advisory agreement

between Applicant and Northstar.

8. The only expenses associated with

the liquidation of Applicant are

brokerage commissions, legal and fund

accounting services fees, and certain

filing fees. These fees are expected to

aggregate approximately $10,000,

$2,500, and $70, respectively. NWNL

and Northstar will pay all such

expenses.

9. Applicant represents that it will

continue to file all reports required by

Rules 30a–1 and 30b–1 under the 1940

Act until the requested order is granted.

10. Applicant intends to file Articles

of Dissolution with the State of

Minnesota to terminate its existence as

a Minnesota corporation.

For the Commission, by the Division of

Investment Management, pursuant to

delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 96–1478 Filed 1–26–96; 8:45 am]

BILLING CODE 8010–01–M

DEPARTMENT OF STATE

[Public Notice 2320]

Bureau of Consular Affairs;

Registration for the Diversity

Immigrant (DV–97) Visa Program

ACTION: Notice of registration for the

third year of the Diversity Immigrant

Visa Program.

This public notice provides

information on the application

procedures for the 55,000 immigrant

visas to be made available in the DV

category during Fiscal Year 1997. This

notice is issued pursuant to 22 CFR

42.33 which implements sections

201(a)(3), 201(e), 203(c) and 204(a)(1)(G)

of the Immigration and Nationality Act,

as amended, (8 U.S.C. 1151, 1153, and

1154). The Department published

regulations related to this Notice in the

Federal Register on January 22, 1996.

[61 FR 1523.]

Information on the Application

Procedures for the 55,000 Immigrant

Visas To Be Made Available in the DV

Category During Fiscal Year 1997.

Sections 201(a)(3), 201(e), 203(c) and

204(a)(1)(G) of the Immigration and

Nationality Act, as amended, taken

together establish, effective for Fiscal

Year 1997 and thereafter, an annual

numerical limitation of 55,000 for

diversity immigrant visas to persons

from countries that have low rates of

immigration to the United States. The

DV–97 registration mail-in period will

last one month and will be held from

February 12, 1996 to March 12, 1996.

This will give those eligible, both in the

United States and overseas, ample time

to mail in an entry.

How Are the Visas Being Apportioned?

The visas will be apportioned among

six geographic regions. A greater

number of visas will go to those regions

that have lower immigration rates.

There is, however, a limit of seven

percent or 3,850 on the use of visas by

natives of any one foreign state. The

regions along with their Fiscal Year

1997 allotments are:

Africa: (20,623) Includes all countries

on the continent of Africa and adjacent

islands.

Asia: (7,187) Extends from Israel to all

North Pacific Islands, including

Indonesia.

Europe: (23,910) Extends from

Greenland to Russia and includes all

countries of the former Soviet Union.

North America: (8) Includes only one

qualified country this year, The

Bahamas.

Oceania: (817) Includes Australia,

New Zealand, Papua New Guinea, and

all countries and islands in the South

Pacific.

South America: (2,455) Includes

Central America, Mexico and the

Caribbean countries.

Who Is Eligible?

Individuals born in countries that

have significant numbers of immigrants

to the United States are considered

‘‘high admission’’ and are not eligible

for the program. ‘‘High admission’’

countries are defined as those from

which the United States has received

50,000 or more immigrants during the

last five years in the immediate relative,

or family or employment preference

categories. For 1997, ‘‘high admission’’

countries are:

China (mainland and Taiwan),

India,

The Philippines,

Vietnam,

South Korea,

United Kingdom and dependent

territories (except Hong Kong and

Northern Ireland),

Canada,

Mexico,

Jamaica,

El Salvador,

Colombia, and

The Dominican Republic.

Natives of Hong Kong and Northern

Ireland are eligible to apply for this

year’s lottery.

What are the Requirements?

In addition to being born in a

qualifying country, applicants must

have either a high school education or

its equivalent, or within the past five

years have two years of work experience

in an occupation that requires at least

two years of training or experience.

There is no initial application fee or

special application form to enter. The

entry must be typed or clearly printed

in the English alphabet on a sheet of

plain paper, MUST BE SIGNED BY THE

APPLICANT, and should include the

following:

1. Applicant’s Full Name:

Last Name, First Name and Middle

Name

(Underline Last Name/Surname/Family

Name)

Example: Public, George Quincy.

2. Applicant’s Date and Place of Birth:

Date of birth: Day, Month, Year

Example: 15 November 1961

Place of birth: City/Town, District/

County/Province, Country

Example: Munich, Bavaria, Germany

3. Name, Date and Place of Birth of

Applicant’s Spouse and Minor Children,

if any:

The spouse and child(ren) of an

applicant who is registered for DV–97

status are automatically entitled to the

same status. To obtain a visa on the

basis of this derivative status, a child

must be under 21 years of age and

unmarried. NOTE: DO NOT list parents

as they are not entitled to derivative

status.

4. Applicant’s Mailing Address, and

phone number, if possible:

The mailing address must be clear

and complete, since it will be to that

address that the notification letter for

the persons who are registered will be

sent. A telephone number is optional.

5. Applicant’s Native Country if

Different from Country of Birth

6. Applicant’s Signature is Required

on the Application

7. A Recent 11⁄2 Inch by 11⁄2 Inch

Photograph of the Applicant: The

applicant’s name must be printed across

the back of the photograph.

This information must be sent by

regular mail to one of six postal