Document ID: SEC-2007-1049-0001
Agency: sec
Document Type: Notice
Title: Investment Company Act of 1940: Portico Funds, Inc., et al.
Posted Date: 2007-08-02T04:00Z

[Federal Register: August 2, 2007 (Volume 72, Number 148)]
[Notices]               
[Page 42445-42447]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr02au07-135]                         

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SECURITIES AND EXCHANGE COMMISSION

[Release No. IC-27912]

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

July 27, 2007.
    The following is a notice of applications for deregistration under 
section 8(f) of the Investment Company

[[Page 42446]]

Act of 1940 for the month of July, 2007. A copy of each application may 
be obtained for a fee at the SEC's Public Reference Branch (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 August 22, 2007, 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.

Portico Funds, Inc.

[File No. 811-10511]

    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 or engage 
in business of any kind.
    Filing Dates: The application was filed on October 25, 2002, and 
amended on July 18, 2007.
    Applicant's Address: c/o U.S. Bancorp Asset Management, Inc., U.S. 
Bancorp Center, 800 Nicollet Mall, Minneapolis, MN 55402.

Conseco Fund Group

[File No. 811-7839]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On April 1, 2004, applicant transferred its 
assets to The Managers Trust II, based on net asset value. Expenses of 
$920,370 incurred in connection with the reorganization were paid by 
40/86 Advisors, Inc., applicant's investment adviser, and The Managers 
Funds LLC, the acquiring fund's investment adviser.
    Filing Dates: The application was filed on June 25, 2007, and 
amended on July 20, 2007.
    Applicant's Address: 11825 North Pennsylvania St., Carmel, IN 
46032.

First Investors Fund For Income, Inc.

[File No. 811-2107]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On January 27, 2006, applicant transferred 
its assets to First Investors Income Funds, based on net asset value. 
Expenses of $173,081 incurred in connection with the reorganization 
were paid by applicant.
    Filing Date: The application was filed on July 2, 2007.
    Applicant's Address: 95 Wall St., New York, NY 10005.

First Investors Special Bond Fund, Inc.

[File No. 811-2981]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On April 28, 2006, applicant transferred its 
assets to First Investors Life Series Funds, based on net asset value. 
Expenses of $2,345 incurred in connection with the reorganization were 
paid by applicant.
    Filing Date: The application was filed on July 2, 2007.
    Applicant's Address: 95 Wall St., New York, NY 10005.

First Investors Global Fund, Inc.

[File No. 811-3169]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On January 27, 2006, applicant transferred 
its assets to First Investors Equity Funds, based on net asset value. 
Expenses of $125,979 incurred in connection with the reorganization 
were paid by applicant.
    Filing Date: The application was filed on July 2, 2007.
    Applicant's Address: 95 Wall St., New York, NY 10005.

First Investors Insured Tax Exempt Fund, Inc.

[File No. 811-2923]

First Investors New York Insured Tax Free Fund, Inc.

[File No. 811-3843]

First Investors Multi-State Insured Tax Free Fund

[File No. 811-4623]

Executive Investors Trust

[File No. 811-4927]

    Summary: Each applicant seeks an order declaring that it has ceased 
to be an investment company. On April 28, 2006, each applicant 
transferred its assets to First Investors Tax Exempt Funds, based on 
net asset value. Expenses of $131,377, $24,636, $68,163 and $16,938, 
respectively, incurred in connection with the reorganizations were paid 
by the applicants.
    Filing Date: The applications were filed on July 2, 2007.
    Applicants' Address: 95 Wall St., New York, NY 10005.

Badgley Funds, Inc.

[File No. 811-8769]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On May 24, 2007, applicant made its final 
liquidating distribution to shareholders, based on net asset value. 
Expenses of $33,041 incurred in connection with the liquidation were 
paid by applicant and Badgley, Phelps & Bell, applicant's investment 
adviser.
    Filing Dates: The application was filed on May 30, 2007, and 
amended on July 17, 2007.
    Applicant's Address: Badgley Funds, Inc., 1420 Fifth Ave., Seattle, 
WA 98101.

American Century Avanti Funds, Inc.

[File No. 811-10217]

    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 or engage 
in business of any kind.
    Filing Dates: The application was filed on June 1, 2007, and 
amended on July 16, 2007.
    Applicant's Address: 4500 Main St., Kansas City, MO 64111.

Prudential Europe Growth Fund, Inc.

[File No. 811-7167]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On November 20, 2003, applicant transferred 
its assets to Jennison Global Growth Fund, a series of Prudential World 
Fund, Inc., based on net asset value. Expenses of approximately 
$248,434 incurred in connection with the reorganization were paid by 
applicant.
    Filing Date: The application was filed on July 3, 3007.
    Applicant's Address: Gateway Center Three, 100 Mulberry St., 
Newark, NJ 07102-4077.

First Investors Series Fund

[File No. 811-5690]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On January 27, 2006 and April 28, 2006, 
applicant transferred its assets to First Investors Equity Funds, First 
Investors Income Funds, and First Investors Tax Exempt Funds, based on 
net asset value. Expenses of $422,564 incurred in

[[Page 42447]]

connection with the reorganization were paid by applicant.
    Filing Date: The application was filed on July 2, 2007.
    Applicant's Address: 95 Wall St., New York, NY 10005.

Value Line Hedged Opportunity Fund, Inc.

[File No. 811-8607].

Value Line Smaller Companies Fund, Inc.

[File No. 811-21608].

Value Line Value Fund, Inc.

[File No. 811-21639].

    Summary: Each applicant seeks an order declaring that it has ceased 
to be an investment company. Applicants have never made a public 
offering of their securities and do not propose to make a public 
offering or engage in business of any kind.
    Filing Dates: The applications were filed on May 30, 2007, and 
amended on July 11, 2007.
    Applicants' Address: 220 East 42nd St., New York, NY 10017.

Vestaur Securities Fund

[File No. 811-2320]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. On May 23, 
2005, applicant transferred its assets to Evergreen Fixed Income Trust, 
based on net asset value. Expenses of $147,380 incurred in connection 
with the reorganization were paid by applicant and Evergreen Investment 
Management Company, LLC, investment adviser to both applicant and the 
acquiring fund.
    Filing Dates: The application was filed on October 12, 2006, and 
amended on July 13, 2007.
    Applicant's Address: 200 Berkeley St., Boston, MA 02116.

4086 Series Trust

[File No. 811-3641]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On March 29, 2007, three series of 40[bond]86 
Series Trust, Fixed Income Portfolio, Government Securities Portfolio 
and Money Market Portfolio, were liquidated and cash was distributed to 
each series' respective shareholders pro rata based on share ownership. 
On May 2, 2007, the shares of the two remaining series of 40[bond]86 
Series Trust, Equity Portfolio and Balanced Portfolio, were redeemed in 
kind by the sole shareholder of each series, which is unaffiliated with 
the investment adviser of 40[bond]86 Series Trust. Expenses of 
approximately $ 177,500 incurred in connection with the liquidation 
were paid by 40[bond]86 Advisors, Inc., applicant's investment adviser.
    Filing Dates: The application was filed on June 13, 2007, and 
amended on July 18, 2007 and July 20, 2007.
    Applicant's Address: 11825 N. Pennsylvania Street, Carmel, IN 
46032.

Huntington VA Funds

[File No. 811-9481]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On June 23, 2006, Applicant made a 
distribution of its assets to its shareholders, based on net asset 
value, in connection with the merger of Applicant (a Massachusetts 
business trust) into the Huntington Funds (a Delaware statutory trust). 
Expenses of $138,306.12 were incurred in connection with the merger. 
These expenses were shared pro-rata among all portfolios of Applicant 
and the Huntington Funds.
    Filing Dates: The application was filed on March 6, 2007, and 
amended on June 28, 2007.
    Applicant's Address: Huntington VA Funds, 5800 Corporate Drive, 
Pittsburgh, Pennsylvania 15237-7010.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Florence E. Harmon,
Deputy Secretary.
 [FR Doc. E7-14913 Filed 8-1-07; 8:45 am]

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