Document ID: SEC-2012-0197-0001
Agency: sec
Document Type: Notice
Title: Applications for Deregistration under Section 8(f) of Investment Company Act of 1940
Posted Date: 2012-02-03T05:00Z

[Federal Register Volume 77, Number 23 (Friday, February 3, 2012)]
[Notices]
[Pages 5584-5585]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-2399]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. IC-29938]

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

January 27, 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 
January 2012. A copy of each application may be obtained via the 
Commission's Web site by searching for the file number, or 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 February 21, 2012, 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.

ABT Utility Income Fund Inc.

[File No. 811-2533]

ABT Growth and Income Trust

[File No. 811-1482]

    Summary: Each applicant seeks an order declaring that it has ceased 
to be an investment company. On or about June 30, 1995, and July 1, 
1995, respectively, each applicant transferred its assets to a series 
of First Union Funds, based on net asset value. Records are not 
available concerning the expenses incurred in connection with the 
reorganizations.
    Filing Date: The applications were filed on January 3, 2012.
    Applicants' Address: 200 Berkeley St., Boston, MA 02116.

PayPal Funds

[File No. 811-9381]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On August 1, 2011, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Substantially all of the $65,000 in expenses incurred in connection 
with the liquidation were paid by PayPal Asset Management, Inc., 
applicant's investment adviser.
    Filing Date: The application was filed on December 29, 2011.
    Applicant's Address: 2211 North First St., San Jose, CA 95131.

DWS RREEF Real Estate Fund, Inc.

[File No. 811-21172]

DWS RREEF Real Estate Fund II, Inc.

[File No. 811-21340]

    Summary: Each applicant seeks an order declaring that it has ceased 
to be an investment company. On December 16, 2011, each applicant made 
its final

[[Page 5585]]

liquidating distribution to its shareholders, based on net asset value. 
Expenses of $175,623 and $321,286, respectively, incurred in connection 
with the liquidations were paid by each applicant.
    Filing Date: The applications were filed on December 28, 2011.
    Applicants' Address: 345 Park Ave., New York, NY 10154.

BlackRock Healthcare Fund, Inc.

[File No. 811-3595]

BlackRock Global Growth Fund, Inc.

[File No. 811-8327]

    Summary: Each applicant seeks an order declaring that it has ceased 
to be an investment company. On September 12, 2011, the applicants 
transferred their assets to BlackRock Health Sciences Opportunities 
Portfolio and BlackRock Global Opportunities Portfolio, respectively, 
each a series of BlackRock Funds, based on net asset value. Expenses of 
$430,722 incurred in connection with the reorganization of BlackRock 
Healthcare Fund, Inc. were paid by applicant and BlackRock Advisors, 
LLC, its investment adviser. Expenses of $351,814 incurred in 
connection with the reorganization of BlackRock Global Growth Fund, 
Inc. were paid by BlackRock Advisors, LLC, applicant's investment 
adviser.
    Filing Date: The applications were filed on December 22, 2011.
    Applicants' Address: 100 Bellevue Parkway, Wilmington, DE 19809.

Short-Term Bond Master LLC

[File No. 811-10089]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On July 18, 2011, applicant made a 
liquidating distribution to its sole shareholder, based on net asset 
value. Applicant incurred no expenses in connection with the 
liquidation.
    Filing Date: The application was filed on December 22, 2011.
    Applicant's Address: 55 East 52nd St., New York, NY 10055.

Nakoma Mutual Funds

[File No. 811-21865]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On November 4, 2011, applicant transferred 
its assets to Schooner Global Absolute Return Fund, a series of Trust 
for Professional Managers, based on net asset value. Expenses of 
$91,982 incurred in connection with the reorganization were paid by 
Nakoma Capital Management, LLC, applicant's investment adviser, and 
Schooner Investment Group, LLC, investment adviser to the acquiring 
fund.
    Filing Date: The application was filed on December 20, 2011.
    Applicant's Address: 8040 Excelsior Dr., Suite 401, Madison, WI 
53717.

BlackRock International Value Trust

[File No. 811-4182]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On August 15, 2011, applicant transferred its 
assets to BlackRock International Fund, a series of BlackRock Series, 
Inc., based on net asset value. Expenses of approximately $616,476 
incurred in connection with the reorganization were paid by BlackRock 
Advisors, LLC, applicant's investment adviser.
    Filing Date: The application was filed on December 22, 2011.
    Applicant's Address: 100 Bellevue Parkway, Wilmington, DE 19809.

BlackRock Focus Value Fund, Inc.

[File No. 811-3450]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On September 12, 2011, applicant transferred 
its assets to BlackRock Basic Value Fund, Inc., based on net asset 
value. Of approximately $182,755 in expenses incurred in connection 
with the reorganization, $141,006 was paid by applicant and $41,749 was 
paid by BlackRock Advisors, LLC, applicant's investment adviser.
    Filing Date: The application was filed on December 22, 2011.
    Applicant's Address: 100 Bellevue Parkway, Wilmington, DE 19809.

BlackRock Utilities and Telecommunications Fund, Inc.

[File No. 811-6180]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On September 12, 2011, applicant transferred 
its assets to BlackRock Equity Dividend Fund, based on net asset value. 
Of approximately $158,715 in expenses incurred in connection with the 
reorganization $137,046 was paid by applicant and $21,669 was paid by 
BlackRock Advisors, LLC, applicant's investment adviser.
    Filing Date: The application was filed on December 22, 2011.
    Applicant's Address: 100 Bellevue Parkway, Wilmington, DE 19809.

Keystone America Fund of Growth Stock

[File No. 811-5310]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On or about August 28, 1992, applicant 
transferred its assets to Keystone America Omega Fund, based on net 
asset value. Records are not available concerning the expenses incurred 
in connection with the reorganization.
    Filing Date: The application was filed on January 3, 2012.
    Applicant's Address: 200 Berkeley St., Boston, MA 02116.

Continental Assurance Company Separate Account B

[File No. 811-1402]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On June 28, 2011, the Applicant's governing 
body approved the termination of its Investment Advisory Agreement 
(IAA) effective November 1, 2011. The termination of the IAA required 
the liquidation of the Applicant, an insurance company management 
separate account. Shareholder approval of the liquidation was not 
required. Applicant distributed all its assets to shareholders on or 
about November 1, 2011. Total expenses of the liquidation were 
$9,467.60. Continental Assurance Company, the investment adviser of the 
Applicant, either paid these expenses directly or reimbursed the 
Applicant for these expenses.
    Filing Date: The application was filed on November 4, 2011 and 
amended on December 29, 2011.
    Applicant's Address: 333 South Wabash Avenue, Chicago IL 60604.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-2399 Filed 2-2-12; 8:45 am]
BILLING CODE 8011-01-P