[Federal Register Volume 59, Number 206 (Wednesday, October 26, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-26528]


[[Page Unknown]]

[Federal Register: October 26, 1994]


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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 20641; 811-7268]

 

Transamerica Investment Portfolios; Notice of Application

October 20, 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: Transamerica Investment Portfolios.

RELEVANT ACT SECTION: Order requested under Section 8(f).

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

DATES: The application was filed on September 30, 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 November 14, 
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 may request 
notification of a hearing by writing to the SEC's Secretary.

ADDRESSES: Secretary, SEC, 450 Fifth Street NW., Washington, DC 20549. 
Applicant, 1000 Louisiana, Houston, Texas 77002-5098.

FOR FURTHER INFORMATION CONTACT:
Sarah A. Wagman, Law Clerk, at (202) 942-0654, or Barry D. Miller, 
Senior Special Counsel, at (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. Applicant, a Massachusetts business trust, is registered as an 
open-end, diversified management investment company. On October 8, 
1992, applicant registered under the Act and filed a registration 
statement under the Securities Act of 1933 to issue an indefinite 
number of shares. The registration statement was declared effective on 
January 28, 1993, and applicant commenced an initial public offering of 
its securities on February 2, 1993. Transamerica Fund Management 
Company is applicant's investment adviser (``Adviser'').
    2. Applicant is established as a series mutual fund, presently 
comprising only one series, Transamerica Institutional U.S. Securities 
Trust (the ``Trust''). The Trust serves as a feeder fund in a master/
feeder fund arrangement with Institutional Government Portfolio (the 
``Master Fund''), a management investment company separately registered 
under the Act. Under this arrangement, the Trust invests 100% of its 
assets in the Master Fund. The Master Fund has also filed an 
application under section 8(f) to deregister under the Act.
    3. On July 19, 1994, the Trust's Board of Trustees approved a plan 
to dissolve the Trust by redeeming all of its shares in the Master Fund 
and distributing all remaining assets, after payment of outstanding 
expenses, to the Adviser, the sole remaining shareholder. On July 29, 
1994, the date of dissolution, the Adviser approved applicant's 
dissolution in accordance with Massachusetts law. As of that date, 
applicant had 4,125 shares outstanding. Upon dissolution, the Adviser 
received a cash distribution of $14.18 per share, representing 
applicant's total remaining net assets of $58,492.
    4. In connection with the liquidation, applicant incurred total 
expenses of $42,372, representing audit fees, legal fees, and 
organizational expenses. Such expenses were reimbursed by the Adviser 
pursuant to a voluntary expense reimbursement policy in effect at the 
time of the liquidation.
    5. Applicant has no remaining assets, liabilities, or shareholders. 
Applicant is not a party to any litigation or administrative 
proceeding. Neither applicant nor the Trust is presently engaged or 
proposes to engage in any business activities other than those 
necessary for the winding-up of applicant's affairs.
    6. Applicant intends to file a certificate of dissolution in 
accordance with the laws of the Commonwealth of Massachusetts.

    For the SEC, by the Division of Investment Management, under 
delegated authority.
Jonathan G. Katz,
Secretary.
[FR Doc. 94-26528 Filed 10-25-94; 8:45 am]
BILLING CODE 8010-01-M