[Federal Register Volume 60, Number 155 (Friday, August 11, 1995)]
[Notices]
[Page 41139]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-19839]



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SECURITIES AND EXCHANGE COMMISSION
[Rel. No. 1C-21269; 811-7057]


Trademark Funds; Notice of Application

August 4, 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: Trademark Funds.

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 May 8, 1995 and amended on 
July 26, 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 August 29, 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, Federated Investors Tower, Pittsburgh Pennsylvania 
15222-3779.

FOR FURTHER INFORMATION CONTACT:
Deepak T. Pai, Staff Attorney, at (202) 942-0574, 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 organized 
as a Massachusetts business trust. On November 25, 1992, applicant 
registered under the Act as an investment company and filed a 
registration statement under the Securities Act of 1933. The 
registration statement was declared effective on February 8, 1993, and 
applicant's initial public offering commenced promptly thereafter. 
Applicant's series include: Trademark Equity Fund, Trademark Kentucky 
Municipal Bond Fund, Trademark Short-Intermediate Government Fund and 
Trademark Government Income Fund.
    2. On August 15, 1994, the investment adviser to the Trademark 
Funds, Liberty National Bank and Trust Company of Kentucky, was 
acquired indirectly by Banc One Corporation. At a meeting held on 
October 7, 1994, applicant's trustees, including the independent 
trustees, unanimously approved an agreement and plan of reorganization 
(the ``Plan''). Under the Plan, Trademark Equity Fund, Trademark 
Kentucky Municipal Bond Fund, Trademark Short-Intermediate Government 
Fund and Trademark Government Income Fund would be acquired by The One 
Group Large Company Growth Fund, The One Group Kentucky Municipal Bond 
Fund, The One Group Intermediate Bond Fund and The One Group Government 
Bond Fund, respectively. Proxy materials were filed with the SEC and 
were distributed to applicant's shareholders on or about December 12, 
1994. At a special meeting held on January 12, 1995, applicant's 
shareholders approved the Plan.
    3. At the end of the business day on January 19, 1995, the 
specified One Group investment companies acquired all of the assets of 
the corresponding Trademark series in exchange for One Group shares, 
which then were distributed pro rata by the Trademark series to their 
shareholders in complete liquidation and termination of the Trademark 
series. As a result, each shareholder of the Trademark series received 
a number of full and fractional shares equal in value at the date of 
exchange to the value of the net assets of the Trademark series 
transferred to the corresponding One Group investment companies 
attributable to the shareholder.
    4. All fees and expenses, including accounting expenses, portfolio 
transfer taxes or other similar expenses incurred in connection with 
the reorganization will be paid by the fund directly incurring such 
fees and expenses, except that the costs of proxy materials and proxy 
solicitation, including legal expenses, will be borne by Banc One 
Corporation.
    5. Applicant has no assets or liabilities and is not a party to any 
litigation or administrative proceeding. At the time of the 
application, applicant had no securityholders.
    6. Applicant is neither engaged in, nor does it propose to engage 
in, any business activities other than those necessary for the winding-
up of its affairs. Applicant intends to file all documents required to 
terminate its existence as a Massachusetts business trust.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 95-19839 Filed 8-10-95; 8:45 am]
BILLING CODE 8010-01-M