[Federal Register Volume 59, Number 67 (Thursday, April 7, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-8285]


[[Page Unknown]]

[Federal Register: April 7, 1994]


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SECURITIES AND EXCHANGE COMMISSION
[Rel. No. IC-20181; No. 811-5861]

 

General Services Life Insurance Company Individual Variable 
PAccount B

March 31, 1994.
AGENCY: Securities and Exchange Commission ``SEC'' or ``Commission'').

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

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APPLICANT: General Services Life Insurance Company Individual Variable 
Account B.

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 December 13, 1993.

HEARING OR NOTIFICATION OF HEARING: An order granting the Application 
will be issued unless the Commission 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 
25, 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 Secretary of the SEC.

ADDRESSES: Secretary, Securities and Exchange Commission, 450 5th 
Street NW., Washington, DC 20549. Applicant, 2199 South McDowell 
Extension, Petaluma, CA 94954.

FOR FURTHER INFORMATION CONTACT:
Wendy Finck Friedlander, Senior Attorney, or Wendell M. Faria, Deputy 
Chief, 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. On August 15, 1989, Applicant filed a notification of 
registration as an investment company as a unit investment trust on 
Form N-8A; a registration statement on Form N-8B-2 (File No. 811-5861); 
and a registration statement on Form S-6 (File No. 33-30523) under the 
Securities Act of 1933 to register certain individual variable life 
insurance policies (the ``Policies''). The registration statement was 
declared effective on July 25, 1991.
    2. Applicant was established under Iowa insurance law by its 
depositor, General Services Life Insurance Company (``General 
Services''), as a segregated asset account for the purpose of funding 
the Policies.
    3. General Services has decided not to sell individual variable 
life insurance policies. On July, 1993, the Board of Directors of 
General Services adopted a resolution authorizing the deregistration of 
the Applicant.
    4. Applicant does not now have, nor did it ever have, any assets. 
No interests in Applicant have ever been issued. During the last 18 
months, Applicant has not, for any reason, transferred any assets to a 
separate trust.
    5. Applicant has no security holders. Applicant does not have any 
liabilities which remain outstanding. Applicant is not a party to any 
litigation or administrative proceeding.
    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.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 94-8285 Filed 4-6-94; 8:45 am]
BILLING CODE 8010-01-M