Document ID: SEC-2009-0451-0001
Agency: sec
Document Type: Notice
Title: Applications for Deregistration under Section 8(f) of the Investment Company Act (of 1940)
Posted Date: 2009-04-03T04:00Z

[Federal Register: April 3, 2009 (Volume 74, Number 63)]
[Notices]               
[Page 15315-15317]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr03ap09-74]                         

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SECURITIES AND EXCHANGE COMMISSION

[Release No. IC-28680]

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

March 27, 2009.
    The following is a notice of applications for deregistration under 
section 8(f) of the Investment Company Act of 1940 for the month of 
March 2009. A copy of each application may be obtained for a fee at the 
Commission's Public Reference Room, 100 F Street NE., Washington, DC 
20549-1520 (tel. 202-551-5850). 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 April 21, 2009, 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, U.S. Securities and 
Exchange Commission, 100 F Street, NE., Washington, DC 20549-1090.

FOR FURTHER INFORMATION CONTACT: Diane L. Titus at (202) 551-6810, SEC, 
Division of Investment Management, Office of Investment Company 
Regulation, 100 F Street, NE., Washington, DC 20549-4041.

Kelmoore Strategic Trust [File No. 811-9165]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On September 26, 2008, applicant transferred 
its assets to Dunham Funds, based on net asset value. Expenses of 
$315,500 incurred in connection with the reorganization were paid by 
applicant and Dunham & Associates Holdings, Inc., the parent company of 
the investment adviser to the acquiring fund.
    Filing Dates: The application was filed on December 17, 2008, and 
amended on March 6, 2009.
    Applicant's Address: Kelmoore Investment Company, Inc., 2465 E. 
Bayshore Rd., Suite 300, Palo Alto, CA 94303.

BTOP50 Managed Futures Fund [File No. 811-21368]

    Summary: Applicant, a closed-end investment company, 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 or engage in business of any kind.
    Filing Dates: The application was filed on November 17, 2008, and 
amended on February 27, 2009.
    Applicant's Address: 800 Third Ave., New York, NY 10022.

[[Page 15316]]

Van Kampen Strategic Growth Fund [File No. 811-2424]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On August 22, 2008, applicant transferred its 
assets to Van Kampen Capital Growth Fund, based on net asset value. 
Expenses of $3,804,812 incurred in connection with the reorganization 
were paid by applicant.
    Filing Dates: The application was filed on November 10, 2008, and 
amended on March 13, 2009.
    Applicant's Address: 522 Fifth Ave., New York, NY 10036.

Accessor Funds, Inc. [File No. 811-6337]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On August 31, 2008, applicant transferred its 
assets to corresponding series of Forward Funds, based on net asset 
value. Expenses of $223,169 incurred in connection with the 
reorganization were paid by Accessor Capital Management LP, applicant's 
investment adviser, and Forward Management LLC, the investment adviser 
to the Forward Funds.
    Filing Dates: The application was filed on November 20, 2008, and 
amended on March 4, 2009.
    Applicant's Address: 1420 Fifth Ave., Suite 3600, Seattle, WA 
98101.

Builders Fixed Income Fund, Inc. [File No. 811-8273]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On September 29, 2008, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Expenses of $80,816 incurred in connection with the liquidation were 
paid by applicant.
    Filing Dates: The application was filed on December 9, 2008, and 
amended on March 2, 2009.
    Applicant's Address: 218 Henry Rd., Manchester, MO 63011.

T. Rowe Price Developing Technologies Fund, Inc. [File No. 811-10003]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On November 17, 2008, applicant transferred 
its assets to T. Rowe Price Science & Technology Fund, Inc., based on 
net asset value. Expenses of $26,930 incurred in connection with the 
reorganization were paid by T. Rowe Price Associates, applicant's 
investment adviser.
    Filing Date: The application was filed on February 25, 2009.
    Applicant's Address: 100 E. Pratt St., Baltimore, MD 21202.

RMR Funds Series Trust [File No. 811-22116]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On February 6, 2009, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Expenses of $7,500 incurred in connection with the liquidation were 
paid by applicant, but such expenses were subject to reimbursement by 
RMR Advisors, Inc., applicant's investment adviser, pursuant to an 
expense limitation agreement. Applicant has retained cash in the amount 
of approximately $34,173 to cover certain outstanding liabilities.
    Filing Date: The application was filed on February 24, 2009.
    Applicant's Address: 400 Centre St., Newton, MA 02458.

Cadre Institutional Investors Trust [File No. 811-9064]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On September 29, 2008, applicant transferred 
its assets to PFM Funds (formerly known as Commonwealth Cash Reserve 
Fund, Inc.), based on net asset value. Expenses of $209,786 incurred in 
connection with the reorganization were paid by applicant and the 
acquiring fund.
    Filing Dates: The application was filed on March 4, 2009. Applicant 
has agreed to file an amendment during the notice period, the substance 
of which is reflected in this notice.
    Applicant's Address: Airport Corporate Center, One Corporate Drive, 
Suite 101, Bohemia, NY 11716.

FFTW Funds, Inc. [File No. 811-5796]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On May 8, 2008, one of applicant's series 
made a liquidating distribution to its shareholders, based on net asset 
value. By November 21, 2008, applicant's remaining four series had 
transferred their assets to corresponding series of American 
Independence Funds Trust, based on net asset value. Expenses of 
approximately $234,318 incurred in connection with the liquidation and 
reorganization were paid by applicant, Fischer Francis Trees & Watts, 
Inc., applicant's investment adviser, and American Independence 
Financial Services, LLC, the acquiring fund's investment adviser.
    Filing Dates: The application was filed on March 5, 2009. Applicant 
has agreed to file an amendment during the notice period, the substance 
of which is reflected in this notice.
    Applicant's Address: 200 Park Ave., 46th Floor, New York, NY 10166.

Pax World Money Market Fund, Inc. [File No. 811-8591]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On November 3, 2008, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Expenses of approximately $104,133 incurred in connection with the 
liquidation were paid by Pax World Management Corp., applicant's 
investment adviser.
    Filing Dates: The application was filed on January 22, 2009, and 
amended on March 24, 2009.
    Applicant's Address: 600 Fifth Ave., New York, NY 10020.

Prudent Bear Funds, Inc. [File No. 811-9120]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On December 8, 2008, applicant transferred 
its assets to corresponding series of Federated Equity Funds and 
Federated Income Securities Trust, based on net asset value. Expenses 
of $530,000 incurred in connection with the reorganization were paid by 
David W. Tice & Associates, LLC, applicant's investment adviser, and 
Federated Investors, Inc., investment adviser to the surviving funds.
    Filing Dates: The application was filed on February 10, 2009. 
Applicant has agreed to file an amendment during the notice period, the 
substance of which is reflected in this notice.
    Applicant's Address: 8140 Walnut Hill Lane, Suite 300, Dallas, TX 
75231.

MONY Series Fund, Inc. [811-4209]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On February 4, 2004, applicant's Board of 
Directors approved the merger of applicant and EQ Advisors Trust. On 
July 8, 2004, applicant's shareholders approved the decision to engage 
in a merger. Applicant distributed its assets on July 9, 2004 pursuant 
to the merger. AXA Financial, Inc. and MONY Life Insurance Company each 
paid 60% and 40% respectively of the expenses incurred in connection 
with the merger.
    Filing Dates: The application was filed on February 9, 2006, and 
amended on December 31, 2008, and March 6, 2009.
    Applicant's Address: MONY Series Fund, Inc., 1740 Broadway, New 
York, NY 10019.

[[Page 15317]]

Washington National Insurance Company Separate Account B [File No. 811-
2969]

    Summary: Applicant, a unit investment trust registered under the 
Investment Company Act of 1940 (the ``Act''), seeks an order declaring 
that it has ceased to be an investment company. Washington National 
Insurance Company terminated the offering of applicant's variable 
annuity contracts (``Contracts'') in 1988. Since 1988, the number of 
outstanding Contracts declined as a result of surrenders by owners of 
the Contracts and deaths of owners or annuitants. As a result, 
applicant currently has only 44 beneficial owners of such Contracts and 
will continue to operate as a separate account not registered under the 
Act in reliance on section 3(c)(1) of the Act. Applicant is not making 
and does not presently propose to make a public offering of its 
securities.
    Filing Dates: The application was filed on November 5, 2007 and 
amended on March 18, 2009.
    Applicant's Address: 11815 N. Pennsylvania St., Carmel, IN 46032-
5424.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Florence E. Harmon,
Deputy Secretary.
 [FR Doc. E9-7458 Filed 4-2-09; 8:45 am]