[Federal Register Volume 59, Number 63 (Friday, April 1, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-7775]


[[Page Unknown]]

[Federal Register: April 1, 1994]


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SECURITIES AND EXCHANGE COMMISSION
[Rel. No. IC-20164; 811-5946]

 

First Cash Funds of America; Notice of Application

March 25, 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: First Cash Funds of America.

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 was filed on March 10, 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 April 19, 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 may request 
notification of a hearing by writing to the SEC's Secretary.

ADDRESSES: Secretary, SEC, 450 5th Street, NW., Washington, DC 20549. 
Applicant, 6 St. James Street, Boston, Massachusetts 02116.

FOR FURTHER INFORMATION CONTACT: Deepak T. Pai, Staff Attorney, at 
(202) 272-3809, or Robert A. Robertson, Branch Chief, at (202) 272-3030 
(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 at the 
SEC's Public Reference Branch.

Applicant's Representations

    1. Applicant is a Massachusetts business trust registered under the 
Act. On October 11, 1989, applicant filed a registration statement on 
Form N-8A. For its Treasury Portfolio (``TP''), Government Portfolio 
(``GP''), and Money Market Portfolio (``MMP'') portfolios, applicant 
registered its shares on February 16, 1990. The registration statement 
became effective on June 8, 1990, and the initial public offering 
commenced on June 8, 1990. For its California Tax-Free Portfolio 
(``CTP'') portfolio, applicant registered CTP's shares on May 21, 1990. 
The registration statement became effective on September 14, 1990, and 
the initial public offering commenced on September 17, 1990. Each of 
applicant's portfolios invested in open-end management investment 
companies (each an ``Underlying Trust'') having the same investment 
objective as the investing portfolio.
    2. At a meeting held on October 30, 1992, applicant's board of 
directors approved the reorganization, termination and deregistration 
of applicant. In this reorganization, applicant's portfolios, MMP, GP, 
TP, and CTP, would be acquired by Prime Fund, Government Fund, Treasury 
Only Fund and California Tax-Exempt Money Market Fund (``CTE''), 
respectively, each a portfolio of Pacific Horizon Funds, Inc.
    3. At special meetings held on February 18, and February 25, 1993, 
applicant's interestholders approved a plan of reorganization. On March 
1, 1993, pursuant to the plan, Prime Fund, Government Fund, Treasury 
Only Fund and CTE acquired the assets and liabilities of MMP, GP, TP, 
and CTP, respectively, in exchange for shares of Prime Fund, Government 
Fund, Treasury Only Fund and CTE, with the same net asset value, and 
these shares were distributed to the appropriate shareholders of MMP, 
GP, TP and CTP. Concurrently, the Underlying Trusts, in which the 
applicant's portfolios invested, distributed portions of their assets 
and liabilities equal to the value of the interests in them of the 
respective portfolios to the corresponding Pacific Horizon portfolios.
    4. One-third of the expenses incurred in connection with the 
reorganization were paid by Pacific Horizon, and the balance was paid 
by Bank of America N.T. & S.A., Pacific Horizon's investment adviser, 
and Concord Holding Corporation, Pacific Horizon's administrator.
    5. Applicant has no debts or other liabilities outstanding, and is 
not a party to any litigation or administrative proceeding. Applicant 
has no securityholders at the time of filing of the application.
    6. Applicant is not now engaged, nor does it propose to engage, in 
any business activities other than those necessary for the winding up 
of its affairs. Applicant will be terminated under state law.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 94-7775 Filed 3-31-94; 8:45 am]
BILLING CODE 8010-01-M