[Federal Register Volume 59, Number 123 (Tuesday, June 28, 1994)]
[Unknown Section]
[Page ]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-15610]


[Federal Register: June 28, 1994]


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SECURITIES AND EXCHANGE COMMISSION
[Rel. No. IC-20365; 811-5841]


Centennial Appreciation Portfolio, Series 1 and 2; Notice of 
Application for Deregistration

June 21, 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: Centennial Appreciation Portfolio, Series 1 and 2 (the 
``Trust'').

relevant action 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 December 8, 1993, and amended 
on February 11, 1994 and May 6, 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 July 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 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, 3410 South Galena Street, Denver, Colorado 80231.

for further information contact: Marc Duffy, Staff Attorney, (202) 942-
0565, or C. David Messman, Branch Chief, (202) 942-0564 (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. The Trust is an unit investment trust organized under the laws 
of the State of New York. The Trust offered shares in two series 
(``Series 1'' and ``Series 2''). On July 6, 1989, the Trust registered 
under the Act pursuant to section 8(a). On August 4, 1989, the Trust 
filed a registration statement under section 8(b) of the Act, and 
registered an indefinite number of units of Series 1 under the 
Securities Act of 1933. The registration statement was declared 
effective, and the public sale of units of Series 1 commenced on 
October 23, 1989. On November 30, 1989, the Trust filed a registration 
statement to register an indefinite number of units of Series 2. The 
registration statement was declared effective, and the public sale of 
units of Series 2 commenced, on January 22, 1990.
    2. Pursuant to their respective indentures, the termination date 
for Series 1 and Series 2 was October 23, 1990 and January 22, 1991, 
respectively. Each termination date was disclosed as the Mandatory 
Termination Date of that series in its respective Prospectus. The 
purpose of the Trust was to assemble a portfolio of common stocks that 
over a year period was designed to outperform indices of market 
performance.
    3. Upon termination of the Trust, Security Pacific National Trust 
Company (the ``Trustee'') sold the securities held in each series and 
credited the monies derived from such sales to the income and capital 
accounts of the respective series. The Trustee then deducted fees and 
expenses of the Trust as well as amounts payable into a reserve account 
for taxes, and distributed to each unitholder his or her pro rate share 
of the income and capital accounts.
    4. In their final year of operation, Series 1 incurred $24,642 and 
Series 2 incurred $20,690 in expenses and Trustee's fees. The Trustee's 
fees were paid to the Trustee. The principal expense of the Trust and 
of the shareholder servicing agent of each series that were paid by the 
Trust were for postage, printing, and professional fees.
    5. The net asset value of Series 1 on October 23, 1990 was $13.35 
per unit, for an aggregate value of $15,955,947. The net asset value of 
Series 2 on December 31, 1990 was $14.47 per unit for an aggregate 
value of $4,080,670.
    6. At the time of filing of the application, the Trust had no 
assets or liabilities. The Trust has no shareholders and is not a party 
to any litigation or administrative proceeding. The Trust 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 SEC, by the Division of Investment Management, under 
delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 94-15610 Filed 6-27-94; 8:45 am]
BILLING CODE 8010-01-M