Document ID: SEC-2005-0200-0001
Agency: sec
Document Type: Notice
Title: Investment Company Act of 1940: Security Capital Real Estate Mutual Funds Inc. et al.
Posted Date: 2005-11-04T05:00Z

[Federal Register: November 4, 2005 (Volume 70, Number 213)]
[Notices]               
[Page 67205-67206]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr04no05-112]                         

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SECURITIES AND EXCHANGE COMMISSION

[Release No. IC-27137]

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

October 28, 2005.
    The following is a notice of applications for deregistration under 
section 8(f) of the Investment Company Act of 1940 for the month of 
October, 2005. 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 November 
21, 2005, 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 20549-9303.

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 20549-0504.

Security Capital Real Estate Mutual Funds Incorporated [File No. 811-
8033]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On February 18, 2005, applicant transferred 
its assets to JP Morgan U.S. Real Estate Fund, a series of JP Morgan 
Trust II, based on net asset value. Expenses of $850,000 incurred in 
connection with the reorganization were paid by applicant's investment 
adviser, Security Capital Research & Management Incorporated, or its 
affiliates.
    Filing Date: The application was filed on September 29, 2005.
    Applicant's Address: 10 South Dearborn St., Suite 1400, Chicago, IL 
60603.

Valor Investment Fund, Inc. [File No. 811-2850]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. On August 25, 
2005, applicant made a liquidating distribution to its shareholders, 
based on net asset value. Expenses of $43,000 incurred in connection 
with the liquidation will be paid by applicant. Applicant has retained 
approximately $200,000 in cash to pay expenses associated with its 
liquidation and dissolution. Any funds remaining after expenses and 
liabilities are paid will be distributed to shareholders on a pro rata 
basis.
    Filing Dates: The application was filed on September 13, 2005, and 
amended on October 12, 2005.
    Applicant's Address: 2290 First National Building, Detroit, MI 
48226.

Phoenix Strategic Allocation Fund (formerly Phoenix Oakhurst Strategic 
Allocation Fund, Phoenix Oakhurst Strategic Allocation Fund, Inc., 
Phoenix Strategic Allocation Fund, Inc. and Phoenix Total Return Fund) 
[File No. 811-1442]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On April 29, 2005, applicant transferred its 
assets to Phoenix Balanced Fund, a series of Phoenix Series Fund, based 
on net asset value. Expenses of $48,597 incurred in connection with the 
reorganization were paid by Phoenix Investment Partners, Ltd., which is 
a wholly owned subsidiary of applicant's and the acquiring fund's 
investment adviser.
    Filing Dates: The application was filed on September 7, 2005, and 
amended on October 11, 2005.
    Applicant's Address: 101 Munson St., Greenfield, MA 01301.

Co-operative Bank Investment Fund d/b/a Bank Investment Fund [File No. 
811-4421]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On August 29, 2005, applicant transferred its 
assets to corresponding series of Asset Management Fund, based on net 
asset value. Expenses of $90,000 incurred in connection with the 
reorganization were paid by applicant and Shay Assets Management, Inc., 
the acquiring fund's investment adviser.
    Filing Dates: The application was filed on September 1, 2005, and 
amended on October 6, 2005.
    Applicant's Address: 75 Park Plaza, Boston, MA 02116.

Nuveen Massachusetts Dividend Advantage Municipal Fund 2 [File No. 811-
21155]

Nuveen Virginia Dividend Advantage Municipal Fund 3 [File No. 811-
21542]

Nuveen Connecticut Dividend Advantage Municipal Fund 4 [File No. 811-
21543]

Nuveen Arizona Dividend Advantage Municipal Fund 4 [File No. 811-21544]

Nuveen California Municipal High Income Opportunity Fund [File No. 811-
21545]

Nuveen North Carolina Dividend Advantage Municipal Fund 4 [File No. 
811-21551]

    Summary: Each applicant, a closed-end investment company, 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 Date: The applications were filed on September 21, 2005.
    Applicants' Address: 333 West Wacker Dr., Chicago, IL 60606.

BACAP Opportunity Strategy, LLC [File No. 811-21063]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. On June 29, 
2005, applicant made a final liquidating distribution to its 
shareholders, based on net asset value. Expenses of approximately 
$195,981 incurred in connection with the liquidation were paid by 
applicant. Applicant has retained approximately $464,241 in cash to pay 
outstanding liabilities of that amount.
    Filing Dates: The application was filed on July 11, 2005, and 
amended on September 29, 2005.
    Applicant's Address: 101 South Tryon St., Charlotte, NC 28255.

Fairport Funds [File No. 811-8774]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On August 12, 2005, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Expenses of $11,766 incurred in connection with the liquidation were 
paid by applicant and

[[Page 67206]]

its investment adviser, Roulston & Company, Inc.
    Filing Date: The application was filed on October 11, 2005.
    Applicant's Address: 3636 Euclid Ave., Cleveland, OH 44115.

INVESCO Variable Investment Funds, Inc. [File No. 811-8038]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On April 30, 2004, applicant transferred its 
assets to AIM Variable Insurance Funds, based on net asset value. 
Expenses of $784,640 incurred in connection with the reorganization 
were paid by applicant and applicant's investment adviser, INVESCO 
Funds Group, Inc.
    Filing Dates: The application was filed on May 6, 2005, and amended 
on August 9, 2005.
    Applicant's Address: 11 Greenway Plaza, Suite 100, Houston, TX 
77046-1173.

WT Investment Trust I [File No. 811-8067]

    Summary: Applicant, a master fund in a master-feeder structure, 
seeks an order declaring that it has ceased to be an investment 
company. On July 1, 2005, each of applicant's series made a liquidating 
distribution in kind to its feeder funds, based on net asset value. 
Expenses of $13,205 incurred in connection with the liquidation were 
paid by applicant's respective feeder funds.
    Filing Date: The application was filed on October 14, 2005.
    Applicant's Address: 1100 North Market, Wilmington, DE 19890.

John Hancock Variable Series Trust [File No. 811-4490]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On April 29, 2005, Applicant made a 
distribution of its assets in connection to its shareholders in 
connection with its merger with John Hancock Trust. Expenses of 
$3,436,531 were incurred in connection with the merger. These expenses 
were generally allocated among and paid by each portfolio of Applicant 
(``Acquired Fund'') and the portfolio of John Hancock Trust into that 
portfolio of Applicant was merged (``Acquiring Fund'') on an asset 
weighted basis, with the Acquired and Acquiring Fund in any combination 
bearing the expenses of that combination in proportion to their 
relative net assets as of June 30, 2004.
    Filing Dates: The application was filed on August 3, 2005.
    Applicant's Address: John Hancock Life Insurance Company, 601 
Congress Street, Boston, Massachusetts 02210.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Jonathan G. Katz,
Secretary.
[FR Doc. E5-6106 Filed 11-3-05; 8:45 am]

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