[Federal Register Volume 60, Number 209 (Monday, October 30, 1995)]
[Notices]
[Pages 55293-55294]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-26836]



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[[Page 55294]]


SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 21438; 811-5031]


Park Avenue Tax Exempt Money Market Fund; Notice of Application

October 23, 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: Park Avenue Tax Exempt Money Market Fund.

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 September 28, 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 November 17, 
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, NW., Washington, DC 20549. 
Applicant, 144 Glenn Curtiss Boulevard, Uniondale, New York 11556-0144.

FOR FURTHER INFORMATION CONTACT:
Diane L. Titus, Paralegal Specialist, at (202) 942-0584, or Alison 
Baur, 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 an open-end diversified management investment 
company organized as a Massachusetts business trust. On February 19, 
1987, applicant filed a notice of registration pursuant to section 8(a) 
of the Act on Form N-8A and a registration statement under the Act and 
the Securities Act of 1933. Applicant's registration statement has not 
been declared effective and applicant has not made a public offering of 
its shares.
    2. Applicant has not issued or sold any securities, except to its 
sole shareholder and sponsor, The Dreyfus Corporation. As of the date 
of the filing of the application, applicant has no shareholders, 
liabilities or assets. Applicant is not a party to any litigation or 
administrative proceeding.
    3. Pursuant to written consent, the applicant's sole director 
determined that it was advisable and in the best interests of the 
applicant to withdraw its registration statement with the SEC, cease to 
be registered as an investment company, terminate its existence as a 
Maryland corporation and to liquidate its assets and distribute the 
proceeds to The Dreyfus Corporation.
    4. 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, under 
delegated authority.
Margaret M. McFarland,
Deputy Secretary.
[FR Doc. 95-26836 Filed 10-27-95; 8:45 am]
BILLING CODE 8010-01-M