[Federal Register Volume 59, Number 234 (Wednesday, December 7, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-30034]


[[Page Unknown]]

[Federal Register: December 7, 1994]


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SECURITIES AND EXCHANGE COMMISSION
[Rel. No. IC-20749; No. 811-3768]

 

Home Life Liquid Fund, Inc.

November 30, 1994.
agency: Securities and Exchange Commission (``SEC'' or ``Commission'').

action: Notice of Application for an Order under the Investment Company 
Act of 1940 (``1940 Act'').

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Applicant: Home Life Liquid Fund, Inc. (``Applicant'').

Relevant 1940 Act Section: Order requested under Section 8(f) of the 
1940 Act.

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 August 23, 1994, and amended 
on November 18, 1994.

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 December 
27, 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 requestor'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, Home Life Liquid Fund, 
Inc., 75 Wall Street, New York, New York 10005; and c/o Patricia O. 
McLaughlin, Phoenix Home Life Mutual Insurance Company, One American 
Row, Hartford, Connecticut 06115.

for further information contact: Yvonne M. Hunold, Senior Counsel, on 
(202) 942-0670, 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. The Applicant was organized as a corporation under Maryland law 
on April 22, 1983 and dissolved as such on April 7, 1993.
    2. On June 14, 1983, Applicant filed a registration statement under 
Section 8(b) of the 1940 Act and, on February 21, 1984, registered 
under the 1940 Act as an open-end, diversified investment management 
company. Also on June 14, 1983, Applicant filed a registration 
statement under the Securities Act of 1933, registering an indefinite 
number of shares of Common Stock, $.001 par value. This registration 
statement was declared effective on February 21, 1984. The initial 
public offering commenced February 21, 1984.
    3. Applicant's only security holder was Phoenix Home Life Separate 
Account B (``Account B''). On August 5, 1992, (Applicant's Board of 
Directors unanimously approved the transfer of (Applicant's assets and 
liabilities to Separate Account G (``Account G'') of Phoenix Home Life 
Mutual Insurance Company (``Phoenix-Home Life'') in a tax free 
reorganization. Account B and its depositor, Phoenix-Home Life, voted 
all outstanding shares in favor of the reorganization, constituting 
more than two-thirds of the shares outstanding that was required under 
Maryland law.
    4. As of October 23, 1992, the last business day preceding the 
reorganization, (Applicant had one class of Common Stock outstanding, 
consisting of 19,955,856.27 shares. The aggregate net asset value of 
such shares and the net asset value per share were $19,955,856.42 and 
$1.00, respectively.
    5. On October 26, 1992, Applicant's assets, consisting only of 
qualified plan assets, were transferred to Account G, which contains 
only qualified plan assets. Account B became a contractholder of 
Account G. Account B and Account G were not required to be registered 
under the 1940 Act in reliance on Section 3(c)(11) thereunder. In 
consideration for the transfer, Account G assumed all of Applicant's 
liabilities and delivered to Applicant full and fractional units of 
Account G equal to that number of full and fractional units of Account 
B as determined based on the relative net asset values of Applicant and 
Account G as of the close of the New York Stock Exchange on October 23, 
1992 (the last business day preceding the reorganization). Applicant 
distributed Account G units pro rata to Account B and simultaneously 
Applicant's shares held by Account B were cancelled. No brokerage 
commissions were paid in connection with the transfer of assets.
    6. No assets were retained by Applicant after October 26, 1992, and 
no debts or other liabilities of Applicant remain outstanding. 
Applicant has no security holders to whom distributions in complete 
liquidation have not been made. Applicant is not a party to any 
litigation or administrative proceeding.
    7. Phoenix-Home Life, the parent company to the adviser and 
depositor of Accounts B and G, paid all of the direct and indirect 
expenses of the reorganization, including any brokerage fees relating 
to transactions resulting from the reorganization.
    8. Other than as described above, during the past 18 months, 
Applicant has not, for any reason, transferred any of its assets to a 
separate trust, the beneficiaries of which were or are security holders 
of the Applicant.
    9. 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.
    10. Applicant has made all filings under the 1940 Act, including 
Form N-SAR filings, for each period for which such filings were 
required.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 94-30034 Filed 12-6-94; 8:45 am]
BILLING CODE 8010-01-M