[Federal Register Volume 59, Number 148 (Wednesday, August 3, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-18822]


[[Page Unknown]]

[Federal Register: August 3, 1994]


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SECURITIES AND EXCHANGE COMMISSION
[Release No. IC-20429; 811-4601]

 

Variable Annuity Fund II Separate Account

July 27, 1994.
AGENCY: Securities and Exchange Commission (the ``SEC'' or 
``Commission'').

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

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APPLICANT: Variable Annuity Fund II Separate Account.

RELEVANT 1940 ACT SECTION AND RULE: Section 8(f) of the 1940 Act and 
Rule 8f-1 thereunder.

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

FILING DATE: The application was filed on June 17, 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 August 22, 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 who wish to be 
notified of a hearing may request notification by writing to the SEC's 
Secretary.
ADDRESSES: Secretary, SEC, 450 5th Street, N.W., Washington, D.C. 
20549. Variable Annuity Fund II Separate Account: c/o Mr. Al W. Kennon, 
Jr., Southwestern Life Insurance Company, 500 North Akard, Dallas, 
Texas 75201.

FOR FURTHER INFORMATION CONTACT:
C. Christopher Sprague, Senior Staff Attorney, at (202) 942-0670, or 
Michael V. Wible, Special Counsel, at (202) 942-0670, Office of 
Insurance Products, Division of Investment Management.

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 Applicant was originally established by Southwestern Life 
Insurance Company as a separate account pursuant to the insurance laws 
of the State of Texas on February 14, 1986.
    2. On February 28, 1986, the Applicant registered under the 1940 
Act as a unit investment trust. On that same date, the Applicant filed 
a registration statement on Form S-6 under the Securities Act of 1933 
(File No. 33-3662). The registration statement was declared effective 
on October 7, 1987. The Applicant never made an initial public offering 
of its securities.
    3. The Applicant has not transferred any of its assets to a 
separate trust, the beneficiaries of which were or are securityholders 
of the Applicant.
    4. The Applicant has not made any distributions to securityholders.
    5. The Applicant has no assets, debts, or other liabilities 
outstanding.
    6. The Applicant is not a party to any litigation or administrative 
proceedings (other than this deregistration proceeding).
    7. The Applicant has no securityholders.
    8. The Applicant is not now engaged, nor does it intend to engage, 
in any business activity other than that necessary for the winding-up 
of its affairs.

Applicant's Conclusion

    Based on the facts set out above, Applicant represents that it has 
never made a public offering of its securities, has not more than 100 
securityholders for purposes of Section 3(c)(1) of the 1940 Act and the 
rules thereunder, and does not propose to make a public offering or 
engage in business of any kind. Applicant therefore requests an order 
pursuant to Section 8(f) of the 1940 Act declaring that it has ceased 
to be an investment company.

    For the Commission, by the Division of Investment Management, 
under delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 94-18822 Filed 8-2-94; 8:45 am]
BILLING CODE 8010-01-M