[Federal Register Volume 60, Number 160 (Friday, August 18, 1995)]
[Notices]
[Page 43178]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-20479]



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SECURITIES AND EXCHANGE COMMISSION
[Rel. No. IC-21280; File No. 811-3437]


Jefferson-Pilot Money Market Fund, Inc, et al.

August 11, 1995.
AGENCY: U.S. Securities and Exchange Commission (``SEC'').

ACTION: Notice of application for an order under the Investment Company 
Act of 1940 (the ``1940 Act'').

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APPLICANT: Jefferson-Pilot Money Market Fund, Inc. (``JP Money 
Market'').

RELEVANT 1940 ACT SECTION: Order requested under Section 8(f) of the 
1940 Act.

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

FILING DATE: The application was filed on December 16, 1994, and 
amended on August 7, 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 Secretary of the SEC 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 September 5, 
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 who wish to be 
notified of a hearing may request notification by writing to the 
Secretary of the SEC.

ADDRESSES: Secretary, SEC, 450 Fifth Street, N.W., Washington, DC 
20549; Applicant, c/o J. Gregory Poole, Esq., Jefferson-Pilot Life 
Insurance Company 100 North Greene Street, Greensboro, North Carolina 
27401.

FOR FURTHER INFORMATION CONTACT:
Edward P. Macdonald, Staff Attorney, or Patrice M. Pitts, Special 
Counsel, Division of Investment Management (Office of Insurance 
Products), at (202) 942-0670.

SUPPLEMENTARY INFORMATION: Following is a summary of the application. 
The complete application is available for a fee from the Public 
Reference Branch of the SEC.

Applicant's Representations

    1. JP Money Market is organized as a North Carolina corporation, 
and is registered under the 1940 Act as an open-end diversified 
management investment company. On April 1, 1982, JP Money Market filed 
an initial registration statement on Form N-1 to register shares under 
the Securities Act of 1933 (File No. 2-76802), and notified the SEC of 
its registration as an investment company by filing a Notice of 
Registration on Form N-8A (File No. 811-3437). Applicant's registration 
statement was declared effective by the SEC on October 26, 1982.
    2. The SEC granted an order on October 21, 1994 (Rel. No. IC-20643) 
permitting the substitution of shares of the Variable Insurance 
Products Funds' Money Market Portfolio for shares of JP Money Market. 
On October 27, 1994, the Applicant redeemed for cash all outstanding 
shares of the fund it held on behalf of Jefferson-Pilot Separate 
Account A, a separate account organized by Jefferson-Pilot Life 
Insurance Company (``JP Life'') and registered under the 1940 Act as a 
unit investment trust for the purpose of funding individual variable 
annuity contracts. Commencing October 27, 1994, and continuing through 
November 7, 1994, JP Life redeemed its shares of JP Money Market at net 
asset value. This redemption of shares by JP Life, which represented 
its ``seed'' money in JP Money Market, took place over a twelve day 
period as the shares were redeemed coincident with the maturity of 
short-term securities held by JP Money Market. The shares redeemed for 
Jefferson-Pilot Separate Account A and those redeemed for JP Life 
constituted all the outstanding shares of Applicant.
    3. On December 12, 1994, Applicant's Board of Directors adopted a 
resolution directing that JP Money Market be deregistered under the 
1940 Act.
    4. Applicant is not a party to any litigation or administrative 
proceeding and is not now engaged, nor does it intend to engage, in any 
business activities other than those necessary for the winding-up of 
its affairs.
    5. Applicant has no debts. There were no expenses, including 
brokerage commissions, incurred in connection with the liquidation. Any 
expenses involved in the dissolution of Applicant as a North Carolina 
corporation will be borne by JP Management, Applicant's investment 
adviser.
    6. JP Money Market is current with all of it filings under the Act, 
including all Form N-SAR filings.
    7. Applicant currently has no assets, has no security holders or 
shares outstanding, and is in the process of winding up its affairs. 
Applicant has not sold its assets or securities to another investment 
company, nor transferred its assets to any other trust, nor has it or 
will it merge into or consolidate with another registered investment 
company. Applicant has no reason for continuing to be registered as an 
investment company. Applicant has no reason for continuing to be 
registered as an investment company.
    8. Applicant intends to file with the North Carolina Secretary of 
State the documents necessary to dissolve itself as a North Carolina 
corporation, thereby ceasing to exist as a legal entity.

Conclusion

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 95-20479 Filed 8-17-95; 8:45 am]
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