[Federal Register Volume 59, Number 11 (Tuesday, January 18, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-1068]
[[Page Unknown]]
[Federal Register: January 18, 1994]
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SECURITIES AND EXCHANGE COMMISSION
[Rel. No. IC-20011; No. 811-4590]
Zero Coupon Bond Fund
January 11, 1994.
AGENCY: Securities and Exchange Commission (the ``SEC'' or
``Commission'').
ACTION: Notice of application for deregistration under the Investment
Company Act of 1940 (the ``1940 Act'').
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APPLICANT: Zero Coupon Bond Fund.
RELEVANT 1940 ACT SECTION: Order requested under section 8(f).
SUMMARY OF APPLICATION: Applicant seeks an order declaring that it has
ceased to be an investment company as defined by the 1940 Act.
FILING DATE: The application was filed on June 15, 1993 and amended on
December 23, 1993.
HEARING OR NOTIFICATION OF HEARING: An order granting the application
will be issued unless the SEC orders a hearing. Interested persons may
request a hearing by writing to the SEC's Secretary and serving
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 7,
1994, and should be accompanied by proof of service on 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
SEC's Secretary.
ADDRESSES: Secretary, SEC, 450 Fifth Street, NW., Washington, DC 20549.
Applicant, 82 Devonshire Street F5E, Boston, MA 02109.
FOR FURTHER INFORMATION CONTACT:
Wendy Finck Friedlander, Senior Attorney (202) 272-3045, or Michael V.
Wible, Special Counsel, at (202) 272-2060, Office of Insurance Products
(Division of Investment Management).
SUPPLEMENTARY INFORMATION: Following is a summary of the application;
the complete application is available for a fee from the SEC's Public
Reference Branch.
Applicant's Representations
1. Applicant is an open-end management investment company organized
as a Massachusetts business trust. On February 21, 1986, Applicant
filed a notification of registration on Form N-8A and a registration
statement on Form N-1A which was declared effective on December 23,
1987.
2. Applicant has three investment Portfolios, each of which serves
as the underlying investment medium for five insurance company separate
accounts that are registered under the 1940 Act as unit investment
trusts. The insurance companies and separate accounts are: Ameritas
Variable Life Insurance Company (AVLIC Separate Account); Fidelity
Investments Life Insurance Company (The Fidelity Investments Variable
Life Account I); Midland National Life Insurance Company (Midland
National Life Separate Account A); Monarch Life Insurance Company (The
Fidelity Variable Account); and Vermont Variable Life Insurance Company
(Vermont Variable Life Insurance Account).
3. On December 29, 1992, pursuant to an application submitted on
behalf of each insurance company and separate account named in
paragraph 2, the Commission granted an order permitting the
substitution of shares of two other investment companies for the shares
of Applicant. On December 30, 1992, each insurance company, on behalf
of its separate account, redeemed every share it held in each Portfolio
of Applicant at net asset value. On December 31, 1992, Applicant's
investment adviser, Fidelity Management & Research Company (``FMR
Co.''), redeemed its shares of each Portfolio of Applicant at net asset
value. Together these constituted all the outstanding shares of
Applicant. Each Portfolio's securities consisted solely of zero coupon
bonds which were sold on the open market at market value. On January
14, 1993, Applicant's Board of Trustees adopted a resolution directing
that Applicant be deregistered under the 1940 Act.
4. Applicant currently has no assets, has no security holders or
shares outstanding, and is in the process of winding up its affairs.
5. Applicant has not sold its assets or securities to another
investment company, nor transferred its assets to any other trust, nor
has it or will it merge into or consolidate with another registered
investment company.
6. Applicant is not a party to any litigation or administrative
proceedings.
7. Applicant has no debts. There were no expenses incurred in
connection with the liquidation. Any expenses involved in the
dissolution of Applicant as a Massachusetts business trust will be
borne by FMR Corp, the parent company or Applicant's investment
adviser, FMR Co.
8. Applicant represents that if the order sought herein is granted,
it will shortly thereafter file with the Massachusetts Secretary of
Commonwealth the documents necessary to dissolve itself as a
Massachusetts business trust, thereby ceasing to exist as a legal
entity.
For the Commission, by the Division of Investment Management,
under delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 94-1068 Filed 1-14-94; 8:45 am]
BILLING CODE 8010-01-M