[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: 94-26529]


[[Page Unknown]]

[Federal Register: October 26, 1994]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 20642; 811-7382]

 

Institutional Government Portfolio; 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: Institutional Government Portfolio.

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.

FILING DATE: 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 December 16, 
1992, applicant registered under the Act.\1\ Applicant has not 
registered any securities under the Securities Act of 1933. 
Transamerica Fund Management Company is applicant's investment adviser 
(``Adviser'').
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    \1\In the SEC's records, applicant is listed as ``Transamerica 
Institutional Government Portfolio.''
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    2. Applicant is established as a master fund in a master/feeder 
fund arrangement with Transamerica Institutional U.S. Securities Trust 
(the ``Trust''), the sole series of Transamerica Investment Portfolios, 
a management investment company separately registered under the Act. 
Under this arrangement, the Trust, which is the feeder fund, invests 
100% of its assets in applicant. Transamerica Investment Portfolios has 
also filed an application under section 8(f) to deregister under the 
Act.
    3. On July 19, 1994, applicant's Board of Trustees approved a plan 
to dissolve applicant by distributing all remaining assets, after 
payment of outstanding expenses, to the Trust, the sole shareholder. On 
July 29, 1994, the date of dissolution, the Trust approved applicant's 
dissolution in accordance with Massachusetts law. As of that date, 
applicant had 4,139 shares outstanding. Upon dissolution, the Trust 
received a cash distribution of $19.94 per share, representing 
applicant's total remaining net assets of $82,532.
    4. In connection with the liquidation, applicant incurred total 
expenses of $15,884, 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. 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.
    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. 94-26529 Filed 10-25-94; 8:45 am]
BILLING CODE 8010-01-M