[Federal Register Volume 60, Number 132 (Tuesday, July 11, 1995)]
[Notices]
[Pages 35778-35779]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-16927]



-----------------------------------------------------------------------

[[Page 35779]]


SECURITIES AND EXCHANGE COMMISSION
[Rel. No. IC-21179; 811-2294]


Pioneer America Fund, Inc. (Formerly Mutual of Omaha America 
Fund, Inc.); Notice of Application

June 30, 1995.
AGENCY: Securities and Exchange Commission (``SEC'').

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

-----------------------------------------------------------------------

APPLICANT: Pioneer America Fund, Inc.

RELEVANT ACT SECTION: Section 8(f).

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

FILING DATE: The application was filed on June 19, 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 July 25, 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, 60 State Street, Boston, MA 02109.

FOR FURTHER INFORMATION CONTACT:
Elaine M. Boggs, Staff Attorney, at (202) 942-0572, or Robert A. 
Robertson, 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 Nebraska corporation. On January 18, 1974, applicant 
registered under the Act as an investment company. Applicant filed a 
registration statement to register its shares under the Securities Act 
of 1933 on June 21, 1972. The registration statement was declared 
effective on October 29, 1973, and an initial public offering commenced 
shortly thereafter. On April 6, 1994, applicant filed an amendment to 
its registration statement under the Act reflecting a change in its 
corporate name.
    2. On April 11, 1994, applicant's board of directors approved an 
agreement and plan of reorganization (the ``Plan'') between applicant 
and Pioneer U.S. Government Trust (the ``Trust''), a registered 
management investment company. On the same date, the board of directors 
made the findings required by rule 17a-8 under the Act.\1\

    \1\ Rule 17a-8 provides an exemption from section 17(a) for 
certain reorganizations among registered investment companies that 
may be affiliated persons, or affiliated persons of an affiliated 
person, solely by reason of having a common investment adviser, 
common directors, and/or common officers.
---------------------------------------------------------------------------

    3. On April 15, 1994, applicant distributed proxy materials to its 
shareholders. At a meeting held on June 21, 1994, applicant's 
shareholders approved the reorganization.
    4. Pursuant to the Plan, on June 30, 1995, applicant transferred 
all of its assets and liabilities to the Trust in exchange for shares 
of the Trust with an aggregate net asset value equal to the net asset 
value of applicant. Immediately thereafter, applicant distributed 
shares of the Trust received in connection with the reorganization to 
its shareholders on a pro rata basis. On the date of the 
reorganization, applicant had 7,474,763.794 shares outstanding, having 
an aggregate net asset value of $77,633,737.69 and a per share net 
asset value of $10.39.
    5. Applicant and the Trust each assumed their own expenses in 
connection with the reorganization. Legal, accounting, and printing and 
mailing expenses in the approximate amounts of $15,000, $2,500, and 
$9,300, respectively were borne by applicant. The Trust had legal 
expenses of $1,500 in connection with the reorganization.
    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 was dissolved as a Nebraska corporation pursuant to 
articles of dissolution, dated March 20, 1995, filed with the State of 
Nebraska.
    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 SEC, by the Division of Investment Management, pursuant 
to delegated authority.
Jonathan G. Katz,
Secretary.
[FR Doc. 95-16927 Filed 7-10-95; 8:45 am]
BILLING CODE 8010-01-M