[Federal Register Volume 60, Number 70 (Wednesday, April 12, 1995)]
[Notices]
[Page 18653]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-8926]



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SECURITIES AND EXCHANGE COMMISSION
[Rel. No. IC-20990; 811-0071]


Commonwealth Investment Trust; Notice of Application

April 6, 1995.
AGENCY: Securities and Exchange Commission (``SEC'' or ``Commission'').

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

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APPLICANT: Commonwealth Investment Trust.

RELEVANT ACT SECTION: Section 8(f).

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

FILING DATE: The application was filed on March 24, 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 May 1, 1995, 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 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 5th Street, N.W., Washington, D.C. 
20549. Applicant, 101 Federal Street, Boston, Massachusetts 02110.

FOR FURTHER INFORMATION CONTACT:
Elaine M. Boggs, Staff Attorney, at (202) 942-0572, 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 at the 
SEC's Public Reference Branch.

Applicant's Representations

    1. Applicant is an open-end management investment company that was 
organized as a business trust under the laws of Massachusetts. On 
October 29, 1940, applicant registered under the Act as an investment 
company. To the best knowledge of applicant, a registration statement 
to register its shares under the Securities Act of 1933 was initially 
filed on or about October 19, 1938. Applicant's initial public offering 
commenced in 1938.
    2. On October 27, 1993, applicant's board of trustees approved an 
agreement and plan of reorganization (the ``Plan'') between applicant 
and Eaton Vance Stock Fund, a registered open-end management investment 
company (the ``Acquiring Fund'').\1\

    \1\According to the proxy statement filed with the Commission by 
applicant in connection with the reorganization, the board of 
trustees considered that combining applicant with the Acquiring Fund 
could produce economies of scale which may be reflected in reduced 
costs per share. In addition, the board of trustees concluded that 
the reorganization would allow applicant's shareholders to become 
affiliated with a fund with similar investment objectives and 
greater net assets.
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    3. On December 8, 1993, applicant filed definitive proxy materials 
with the SEC and mailed such proxy materials to its shareholders. On 
December 15, 1993, applicant's shareholders approved the 
reorganization.
    4. Pursuant to the Plan, on December 20, 1993, applicant 
transferred all, or substantially all, of its assets to the Acquiring 
Fund in exchange for shares of the Acquiring Fund. Immediately 
thereafter, applicant distributed pro rata to its shareholders the 
shares it received from the Acquiring Fund in the reorganization. On 
December 17, 1993, applicant had 439,017.095 shares outstanding, having 
an aggregate net asset value of $8,346,241.30 and a per share net asset 
value of $19.01.
    5. Expenses incurred in connection with the reorganization were 
approximately $38,291 and were paid by applicant's investment adviser, 
Invesco Management & Research, Inc.
    6. There are no securityholders to whom distributions in complete 
liquidation of their interests have not been made. Applicant has no 
debts or other liabilities that remain outstanding. Applicant is not a 
party to any litigation or administrative proceeding.
    7. Applicant's legal existence under Massachusetts law has been 
terminated.
    8. 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.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 95-8926 Filed 4-11-95; 8:45 am]
BILLING CODE 8010-01-M