[Federal Register Volume 59, Number 12 (Wednesday, January 19, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-1170]


[[Page Unknown]]

[Federal Register: January 19, 1994]


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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 20012; 811-4747]

 

SunAmerica Cash Fund; Notice of Application

January 12, 1994.
AGENCY: Securities and Exchange Commission (``SEC'').

ACTION: Notice of Application for Deregistration under the Investment 
Company Act of 1940 (the ``Act'').

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Applicant: SunAmerica Cash Fund.

Relevant Act Section: Section 8(f).

Summary of Application: Applicant seeks an order declaring it has 
ceased to be an investment company.

Filing Date: The application was filed on December 17, 1993.

Hearing or Notification of Hearing: An order granting the application 
will be issued unless the SEC orders a hearing. Interested persons may 
require a hearing by writing in 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 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 may request 
notification of a hearing by writing to the SEC's Secretary.

Addresses: Secretary, SEC, 450 Fifth Street NW., Washington, DC 20549. 
Applicant, 733 Third Avenue, 3rd Floor, New York, New York 10017, Attn: 
Robert M. Zakem, Senior Vice President and General Counsel.

For Further Information Contact: Diane L. Titus, Paralegal Specialist, 
at (202) 272-3018, or Elizabeth G. Osterman, Branch Chief, at (202) 
272-3016 (Division of Investment Management, Office of Investment 
Company Regulation).

Supplementary Information: The following is a summary of the 
application. The complete application may be obtained for a fee from 
the SEC's Public Reference Branch.

Applicant's Representations

    1. Prior to December 8, 1993, applicant, formerly Integrated Cash 
Fund, an open-end management investment company was a Massachusetts 
business trust. On July 8, 1986, applicant filed a notification of 
registration under section 8(a) of the Act. On July 9, 1986, applicant 
filed a registration statement under the Securities Act of 1933 and 
section 8(b) of the Act to register an indefinite number of shares of 
beneficial interest, par value $.01 per share. The registration 
statement became effective on January 6, 1987. Applicant commenced 
operations and the initial public offering of its shares on September 
23, 1987.
    2. On March 31, 1993, applicant's Board of Trustees approved an 
agreement and plan of reorganization (the ``Agreement'') between 
applicant and SunAmerica Money Market Funds, Inc. (File No. 811-3807, 
formerly SunAmerica Money Market Securities, Inc., ``SunAmerica''), 
providing for the transfer of substantially all of applicant's assets 
and liabilities to SunAmerica Money Market Fund (the ``Acquiring 
Fund''), a separate investment series of SunAmerica, in exchange for 
shares of the Acquiring Fund.
    3. In accordance with rule 17a-8 under the Act, at a joint meeting 
held on March 31, 1993, the Board of Trustees/Directors of each of 
applicant and SunAmerica determined that participation in the 
reorganization was in the best interest of the shareholders and that 
the interests of the existing shareholders would not be diluted as a 
result of the reorganization. These findings, and the basis upon which 
such findings were made, were recorded in the minute books of each 
investment company.
    4. Proxy materials relating to the reorganization were filed with 
the SEC and distributed to applicant's sharedholders on or about July 
29, 1993. On September 23, 1993, a majority of applicant's shareholders 
approved the reorganization.
    5. The reorganization was effected pursuant to the Agreement at a 
closing held on September 24, 1993. Applicant distributed in complete 
liquidation, pro rata to its shareholders of record as of the closet of 
business on September 24, 1993, the full and fractional shares acquired 
in the exchange. The net asset value of Acquiring Fund shares received 
by applicant's shareholders was equal to the net asset value of 
applicant's shares held by such shareholders.
    6. No brokerage commissions were paid on the transfer of assets 
from applicant to the Fund. Expenses for effecting the reorganization 
were borne by applicant and SunAmerica. Such expenses included 
preparation of proxy materials, printing expenses, and legal and 
accounting fees.
    7. On December 8, 1993, applicant filed a Certificate of 
Termination of Trust with the Secretary of State of Massachusetts 
business trust.
    8. As of the date of the application, applicant had no assets, 
liabilities, or shareholders. All liabilities and obligations not 
discharged by applicant on or before September 24, 1993 were assumed 
by, and became the obligations of, the Acquiring Fund. Applicant is not 
engaged in, nor does it propose to engage in, any business activities 
other than those necessary for the winding-up of its affairs.
    9. Applicant is not a party to any litigation or administration 
proceeding.


    For the SEC, by the Division of Investment Management, under 
delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 94-1170 Filed 1-18-94; 8:45 am]
BILLING CODE 8010-01-M