[Federal Register Volume 66, Number 42 (Friday, March 2, 2001)]
[Notices]
[Pages 13103-13104]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-5044]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. IC-24878]


Notice of Applications for Deregistration Under Section 8(f) of 
the Investment Company Act of 1940

February 23, 2001.
    The following is a notice of applications for deregistration under 
section 8(f) of the Investment Company Act of 1940 for the month of 
February 2001. A copy of each application may be obtained for a fee at 
the SEC's Public Reference Branch, 450 Fifth St., NW., Washington, DC 
20549-0102 (tel. 202-942-8090). An order granting each application will 
be issued unless the SEC orders a hearing. Interested persons may 
request a hearing on any application by writing to the SEC's Secretary 
at the address below and serving the relevant 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 March 20, 2001, 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 who wish to be notified of a hearing may 
request notification by writing to the Secretary, SEC, 450 Fifth 
Street, NW., Washington, DC 20549-0609. For Further Information 
Contact: Diane L. Titus, at (202) 942-0564, SEC, Division of Investment 
Management, Office of Investment Company Regulation, 450 Fifth Street, 
NW., Washington, DC 20549-0506.

Federated Master Trust [File No. 811-2784], Money Market 
Obligations Trust II [File No. 811-7364], Federated Tax-Free Trust 
[File No. 811-2891], Liberty U.S. Government Money Market Trust 
[File No. 811-2956], Federated Short-Term U.S. Government Trust 
[File No. 811-5035], Federated Municipal Trust [File No. 811-5911], 
Trust for Short-Term U.S. Government Securities [File No. 811-
2602], Trust for U.S. Treasury Obligations [File No. 811-29511], 
Trust for Government Cash Reserves [File No. 811-5772], Liquid Cash 
Trust [File No. 811-3057], Money Market Management, Inc. [File No. 
811-2430], Money Market Trust [File No. 811-2550], Automated 
Government Money Trust [File No. 811-3475], and Federated 
Government Trust [File No. 811-5981]

    Summary: Each applicant seeks an order declaring that it has ceased 
to be an investment company. Between April 26, 1999, and February 1, 
2000, each

[[Page 13104]]

applicant transferred its assets to Money Market Obligations Trust 
based on net asset value. Applicants bore none of the expenses incurred 
in connection with the reorganizations. Any expenses were paid by 
Federated Investment Management Company, each applicant's investment 
adviser, or its affiliates.
    Filing Dates: The applications were filed on December 8, 2000, and 
amended on February 7, 2001.
    Applicants' Address: 5800 Corporate Drive, Pittsburgh, Pennsylvania 
15237-7000.

Van Kampen Global Managed Assets Fund [File No. 811-8286]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On May 24, 2000, applicant made a final 
liquidating distribution to its shareholders based on net asset value. 
Expenses of $100 incurred in connection with the liquidation were paid 
by Van Kampen Asset Management Inc., applicant's investment adviser.
    Filing Date: The application was filed on February 1, 2001.
    Applicant's Address: 1 Parkview Plaza, P.O. Box 5555, Oakbrook 
Terrace, IL 680181-5555.

PMD Investment Company [File No. 811-3135]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On November 3, 2000, applicant made a 
liquidating distribution to its shareholders based on net asset value. 
First National Bank of Omaha, applicant's depository agent, is holding 
any unclaimed funds, which will escheat to the State of Nebraska after 
the applicable holding period. Expenses of $46,188 incurred in 
connection with the liquidation were paid by applicant.
    Filing Date: The application was filed on December 21, 2000.
    Applicant's Address: 10050 Regency Circle, Suite 315, Omaha, 
Nebraska 68114.

The Sheffield Funds, Inc. [File No. 811-5886]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On October 26, 2000, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Expenses of $11,000 incurred in connection with the liquidation were 
paid by applicant.
    Filing Date: The application was filed on December 28, 2000.
    Applicant's Address: 900 Circle 75 Parkway, Suite 750, Atlanta, 
Georgia 30339.

The Travelers Timed Bond Account for Variable Annuities [File No. 
811-5092]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant was a fund only offered as part 
of a market timing marketing program. The program was discontinued 
effective October 1, 1997. Customers were given the option of 
terminating before October 1, 1997 and moving into a fund of their 
choice. After October 1, 1997, customers were transferred to the 
American Odyssey Short-Term Bond Fund. As a result, all of the assets 
of the applicant were distributed in 1997. The applicant states that 
the Travelers Insurance Company absorbed any expenses that were 
incurred to achieve the liquidation.
    Filing Dates: The application was filed on June 19, 2000, and 
amended on February 21, 2001.
    Applicant's Address: One Tower Square, Hartford, CT 06183.

PFL Endeavor Target Account [File No. 811-8377]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On September 25, 2000, the shareholders of 
applicant voted to approve the merger of applicant with another 
investment company. The name of the investment company surviving the 
merger is Capital Guardian U.S. Equity Subaccount of the Endeavor 
Variable Annuity Separate Account, and its Investment Company Act file 
number is 811-06032. Expenses of $40,000 were incurred in connection 
with the merger and were paid by PFL Life Insurance Company, which 
established and maintained applicant as a managed separate account and 
which is the depositor of the surviving investment company.
    Filing Date: The application was filed on December 19, 2000.
    Applicant's Address: 4333 Edgewood Road NE, Cedar Rapids, IA 52499-
4520.

Penfield Partners, L.P. [File No. 811-8604]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. Applicant has never made a public offering of 
its securities and does not propose to make a public offering. 
Applicant will continue to operate as a private investment vehicle in 
reliance on section 3(c)(1) of the Act.
    Filing Date: The application was filed on February 14, 2001. 
Applicant has agreed to file an amendment during the notice period.
    Applicant's Address: 153 East 53rd Street, New York, NY 10022.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 01-5044 Filed 3-1-01; 8:45 am]
BILLING CODE 8010-01-M