[Federal Register Volume 60, Number 39 (Tuesday, February 28, 1995)]
[Notices]
[Pages 10890-10891]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-4860]



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SECURITIES AND EXCHANGE COMMISSION
[Rel. No. IC-20910; 811-4376]


State Street Fund for Foundations and Endowments; Notice of 
Application

February 22, 1995.
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: State Street Fund for Foundations and Endowments.

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

 [[Page 10891]] SUMMARY OF APPLICATION: Applicant seeks an order 
declaring it has ceased to be an investment company.

FILING DATES: The application was filed on November 21, 1994 and 
amended on January 11, 1995 and February 15, 1995.

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 March 20, 1995, 
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, N.W., Washington, D.C. 
20549. Applicant, One Financial Center, Boston, Massachusetts 02111.

FOR FURTHER INFORMATION CONTACT:Marianne H. Khawly, Staff Attorney, at 
(202) 942-0562, or C. David Messman, Branch Chief, 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 is a registered, open-end, diversified, management 
investment company under the Act and is organized as a business trust 
under the laws of the Commonwealth of Massachusetts. On August 8, 1985, 
applicant filed a Notification of Registration on Form N-8A pursuant to 
section 8(a) of the Act and a registration statement on Form N-1A under 
section 8(b) of the Act and under the Securities Act of 1933. The 
registration statement became effective on April 17, 1986, and 
applicant's initial public offering commenced on or about that date.
    2. Applicant consists of one series: the Fixed Income Portfolio 
(the ``Portfolio''). Share of beneficial interest were offered, without 
sales charge, only to tax-exempt charitable foundations and endowment 
funds.
    3. Applicant's declaration of trust provides that applicant may be 
terminated by this shareholders upon the redemption of all of their 
shares at a price equal to the net asset value per share of the 
Portfolio. On June 23, 1994, applicant has two shareholders: 
Metropolitan Life Insurance Company, the ultimate parent of State 
Street Research & Management Company, applicant's investment adviser 
(the ``Adviser''), and the Felician Sisters, O.S.F. of Livonia. On that 
date, the shareholders redeemed all of their shares in order to 
reinvest the proceeds in another similar fund recently organized. The 
redemptions were coordinated to assure equal treatment of both 
shareholders. A total of 62,565.298 shares having an aggregate and per 
share net asset value of $6,186,252.28 and $98.88, respectively, were 
redeemed.
    4. On August 3, 1994, applicant's Board of Trustees (the 
``Trustees'') determined that it was advisable that applicant terminate 
because applicant's shareholders had redeemed all of their shares. The 
Trustees were not required to seek shareholder approval because 
applicant has had no shareholders or operations since June 23, 1994.
    5. All expenses incurred in connection with applicant's liquidation 
were borne by the adviser. Such expenses, totalling approximately 
$3,500, were for legal fees.
    6. As of the date of the application, applicant had no assets, 
debts, liabilities, or shareholders. Applicant is not a party to any 
litigation or administrative proceeding. Applicant is neither engaged 
in nor proposes to engage in any business activities other than those 
necessary for the winding-up of its affairs.
    7. Applicant intends to file its notification of termination as a 
business trust under Massachusetts law.

    For the SEC, by the Division of Investment Management, under 
delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 95-4860 Filed 2-27-95; 8:45 am]
BILLING CODE 8010-01-M