[Federal Register Volume 61, Number 125 (Thursday, June 27, 1996)]
[Notices]
[Page 33557]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-16454]


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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 22036; 811-6689]

Van Eck Trust; Notice of Application
June 21, 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: Van Eck 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 May 14, 1996, and amended on 
June 14, 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 July 16, 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, 99 Park Avenue, New York, New York 10016.

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, non-diversified management investment 
company organized as a Massachusetts business trust. Applicant is a 
``feeder'' fund in a ``master/feeder fund'' complex and is composed of 
two series: Short-term World Income Fund--Class A and Class B.
    2. On June 1, 1992, applicant registered under the Act and filed a 
registration statement on Form N-1A. No registration was filed under 
the Securities Act of 1933 (``Securities Act'') because applicant's 
beneficial interests were issued solely in private placement 
transactions that did not involve any public offering within the 
meaning of section 4(2) of the Securities Act. All of applicant's 
investors were ``accredited investors'' within the meaning of 
Regulation D under the Securities Act. Applicant's beneficial interests 
were never offered to the public.
    3. Applicant's board of trustees determined that it was in the best 
interest of shareholders to liquidate its Class A and Class B shares, 
after being informed by Van Eck Associates Corporation, applicant's 
adviser (``Adviser'') that it no longer planned to reimburse 
applicant's expenses. On November 23, 1993, the board approved a plan 
of liquidation.
    4. Proxy materials were filed with the SEC and mailed to 
shareholders for a shareholders meeting held on December 27, 1993. 
Applicant's shareholders approved the liquidation plan at the meeting.
    5. On December 30, 1993, applicant redeemed the units held in 
Short-term World Income Fund Class A and Class B and satisfied its 
known obligations. On December 31, 1993, the liquidation value was 
distributed in cash to the Class A and B shareholders. The liquidation 
value was determined in the same manner as the Fund's net asset value.
    6. All expenses incurred in connection with the liquidation were 
absorbed by the Adviser. No brokerage commissions were paid in 
connection with the liquidation.
    7. Applicant has no security holders, liabilities or assets. 
Applicant is not a party to any litigation or administrative 
proceeding. 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 will file a Certificate of Dissolution and other 
appropriate documentation in Massachusetts, as required by 
Massachusetts law.

    For the SEC, by the Division of Investment Management, under 
delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 96-16454 Filed 6-26-96; 8:45 am]
BILLING CODE 8010-01-M