Document ID: SEC-2013-0018-0001
Agency: sec
Document Type: Notice
Title: Applications for Deregistration
Posted Date: 2013-01-07T05:00Z

[Federal Register Volume 78, Number 4 (Monday, January 7, 2013)]
[Notices]
[Pages 964-966]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-31753]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. IC-30332]

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

December 28, 2012.
    The following is a notice of applications for deregistration under 
section 8(f) of the Investment Company Act of 1940 for the month of 
December 2012. A copy of each application may be obtained via the 
Commission's Web site by searching for the file number, or for an 
applicant using the Company name box, at http://www.sec.gov/search/search.htm or by calling (202) 551-8090. 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 January 22, 2013, 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 20549-8010.

Yacktman Fund Inc. [File No. 811-6628]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant transferred its assets to a 
series of Managers AMG Funds, and on June 29, 2012, made a final 
distribution to its shareholders based on net asset value. Expenses of 
$2,889,552 incurred in connection with the reorganization were paid by 
Yacktman Asset Management Co., applicant's investment adviser, and 
Managers Investment Group LLC, the surviving fund's investment adviser.
    Filing Dates: The application was filed on October 4, 2012 and 
amended on December 11, 2012.
    Applicant's Address: 6300 Bridgepoint Pkwy., Building One, Suite 
320, Austin, TX 78730.

Dreyfus BASIC U.S. Government Money Market Fund [File No. 811-6606]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On April 11, 2012, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Expenses of approximately $608 incurred in connection with the 
liquidation were paid by the Dreyfus Corporation, applicant's 
investment adviser.
    Filing Dates: The application was filed on October 12, 2012 and 
amended on December 6, 2012.
    Applicant's Address: c/o The Dreyfus Corporation, 200 Park Ave., 
New York, NY 10166.

Build America Bond Portfolio [File No. 811-22351]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On June 16, 2011, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Applicant incurred no expenses in connection with the liquidation.
    Filing Date: The application was filed on November 30, 2012.
    Applicant's Address: Two International Place, Boston, MA 02110.

[[Page 965]]

Global Growth Portfolio [File No. 811-7303]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant transferred its assets to 
Multi-Cap Growth Portfolio and, on November 2, 2010, made a final 
distribution to its shareholders based on net asset value. Expenses of 
approximately $47,771 incurred in connection with the reorganization 
were paid by applicant.
    Filing Date: The application was filed on November 30, 2012.
    Applicant's Address: Two International Place, Boston, MA 02110.

Multi-Sector Portfolio [File No. 811-22295]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On March 17, 2011, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Applicant incurred no expenses in connection with the liquidation.
    Filing Date: The application was filed on November 30, 2012.
    Applicant's Address: Two International Place, Boston, MA 02110.

Eaton Vance National Municipal Income Trust [File No. 811-9143]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. The applicant 
has transferred its assets to Eaton Vance Municipal Income Trust and, 
on May 28, 2009, made a final distribution to its shareholders based on 
net asset value. Expenses of approximately $155,907 incurred in 
connection with the reorganization were paid by applicant.
    Filing Date: The application was filed on November 30, 2012.
    Applicant's Address: Two International Place, Boston, MA 02110.

Cash Management Portfolio [File No. 811-8390]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On February 16, 2010, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Applicant incurred no expenses in connection with the liquidation.
    Filing Date: The application was filed on November 30, 2012.
    Applicant's Address: Two International Place, Boston, MA 02110.

Bhirud Funds Inc. [File No. 811-6680]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On November 14, 2012, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Expenses of approximately $3,098 incurred in connection with the 
liquidation were paid by applicant.
    Filing Date: The application was filed on November 27, 2012.
    Applicant's Address: c/o Bhirud Associates, Inc., 6 Thorndal 
Circle, Suite 205, Darien, CT 06820.

Tax Managed Mid Cap Core Portfolio [File No. 811-10597]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On June 16, 2011, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Applicant incurred no expenses in connection with the liquidation.
    Filing Date: The application was filed on November 30, 2012.
    Applicant's Address: Two International Place, Boston, MA 02110.

Special Equities Portfolio [File No. 811-8594]

Small-Cap Portfolio [File No. 811-9915]

    Summary: Each applicant seeks an order declaring that it has ceased 
to be an investment company. On June 8, 2012, each applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Applicants incurred no expenses in connection with the liquidations.
    Filing Date: The applications were filed on November 30, 2012.
    Applicants' Address: Two International Place, Boston, MA 02110.

Elite Group of Mutual Funds [File No. 811-4804]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
corresponding series of Cutler Trust and, on September 28, 2012, made a 
final distribution to shareholders based on net asset value. Expenses 
of $66,843 incurred in connection with the reorganization were paid by 
applicant and McCormick Capital Management, Inc., applicant's 
investment adviser.
    Filing Date: The application was filed on December 6, 2012.
    Applicant's Address: 1325 4th Ave., Suite 1744, Seattle, WA 98101.

Delaware Investments Arizona Municipal Income Fund, Inc. [File No. 811-
7412]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. Applicant has 
transferred its assets to Delaware Investments National Municipal 
Income Fund, and on July 1, 2011, applicant made a final distribution 
to its shareholders based on net asset value. Expenses of approximately 
$85,850 incurred in connection with the reorganization were paid by 
applicant, the acquiring fund and Delaware Management Company, 
applicant's investment adviser.
    Filing Date: The application was filed on November 20, 2012.
    Applicant's Address: 2005 Market St., Philadelphia, PA 19103-7094.

Delaware Group Tax Free Money Fund [File No. 811-3120]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On April 13, 2010, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Applicant incurred no expenses in connection with the liquidation.
    Filing Date: The application was filed on November 20, 2012.
    Applicant's Address: 2005 Market St., Philadelphia, PA 19103-7094.

Washington National Variable Annuity Fund A [File No. 811-1661]

    Summary: Applicant, Washington National Variable Annuity Fund A, 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 
(``Company''), of which Applicant is a separate account, terminated the 
offering of Applicant's variable annuity contracts (``Contracts'') in 
1978 and has not engaged in any solicitation or marketing activities 
with respect to the Contracts for 34 years. Since 1978, the number of 
outstanding Contracts declined as a result of surrenders by owners of 
the Contracts and deaths of owners or annuitants under their Contracts. 
As a result, Applicant currently has only 18 beneficial owners of such 
Contracts. Applicant is not making and does not presently propose to 
make a public offering of the Contracts. After the deregistration order 
requested by the Applicant issues, securityholders under the Contracts 
will be promptly notified that certain legal protections afforded to 
securityholders of an investment company registered under the Act will 
no longer apply to such Fund A securityholders. However, after issuance 
of the order, the Company will continue to be responsible for 
satisfying all the obligations to securityholders under the Contracts.

[[Page 966]]

    Filing Dates: The application was filed on September 7, 2012.
    Applicant's Address: 11815 N. Pennsylvania Street, Carmel, IN 
46032.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2012-31753 Filed 1-4-13; 8:45 am]
BILLING CODE 8011-01-P