[Federal Register Volume 59, Number 24 (Friday, February 4, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-2493]


[[Page Unknown]]

[Federal Register: February 4, 1994]


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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 20038; File No. 811-5658]

 

ABT Money Market Series, Inc.; Application for Deregistration

January 27, 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: ABT Money Market Series, Inc.

RELEVANT ACT SECTION: Section 8(f).

SUMMARY OF APPLICATION: Applicant seeks an order declaring that it has 
ceased to be an investment company.

FILING DATE: The application on Form N-8F was filed on October 27, 
1993, and amended on December 13, 1993, and January 24, 1994.

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 22, 
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 5th Street NW., Washington, DC 20549. 
Applicant, 340 Royal Palm Way, Palm Beach, Florida 33480.

FOR FURTHER INFORMATION CONTACT: James J. Dwyer, Staff Attorney, at 
(202) 504-2920, or Elizabeth G. Osterman, Branch Chief, at (202) 272-
3016 (Office of Investment Company Regulation, Division of Investment 
Management).

SUPPLEMENTARY INFORMATION: The following is a summary of the 
application. The complete application may be obtained for a fee at the 
SEC's Public Reference Branch.

Applicant's Representations

    1. Applicant is an open-end management investment company organized 
as a Maryland corporation. SEC records indicate that applicant filed a 
notification of registration under section 8(a) of the Act of September 
12, 1988. On October 14, 1988, applicant filed a registration statement 
under the Securities Act of 1933 and section 8(b) of the Act. The 
registration statement was declared effective on January 9, 1989, and 
applicant's initial public offering commenced on January 24, 1989.
    2. At a meeting held on February 5, 1993, applicant's board of 
directors resolved to liquidate applicant. An information statement 
outlining the plan of liquidation was filed with the SEC prior to the 
meeting, and was distributed to shareholders immediately following the 
meeting. The information statement represented that continued operation 
of applicant at its size was not economically feasible for applicant's 
shareholders or Palm Beach Capital Management, Ltd., applicant's 
investment adviser.
    3. The plan of liquidation was approved by applicant's shareholders 
at a special meeting of shareholders on February 26, 1993. As of that 
date, there were 290,955.34 shares of applicant's common stock 
outstanding, and a net asset value per share of $1.00.
    4. Applicant was liquidated on March 1, 1993, the next business day 
immediately following the meeting of applicant's shareholders. The 
final distribution to shareholders was based on the net asset per share 
on the date of liquidation. All expenses associated with the 
liquidation were assumed by applicant's adviser.
    5. At the time of the application, applicant had no shareholders, 
assets, or liabilities. Applicant is not a party to any litigation or 
administrative proceeding. Applicant is not presently engaged in, nor 
will it partake in, activities other than those associated with the 
winding up of its affairs.
    6. Applicant will file a certificate of dissolution with the State 
of Maryland, as the intent is to dissolve the corporation.

    For the SEC, by the Division of Investment Management, under 
delegated authority.
Jonathan G. Katz,
Secretary.
[FR Doc. 94-2493 Filed 2-3-94; 8:45 am]
BILLING CODE 8010-01-M