[Federal Register Volume 60, Number 210 (Tuesday, October 31, 1995)]
[Notices]
[Pages 55390-55391]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-26936]



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SECURITIES AND EXCHANGE COMMISSION
[Rel. No. IC-21449; 811-5995]


The Advantage Municipal Bond Fund; Notice of Application

October 25, 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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Application: Advantage Municipal Bond Fund.

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 August 1, 1995, and amended 
on October 23, 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 20, 
1995, and should be accompanied by proof of service on applicant, in 
the form of an affidavit, or for layers, 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 
SEC's Secretary.

ADDRESSES: Secretary, SEC, 450 5th Street, NW., Washington, DC 20549. 
Applicant, 100 Federal Street, Boston, MA 02110.

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

Applicant's Representations

    1. Applicant is an open-end, diversified management investment 
company that was organized as a business trust under the laws of 
Massachusetts. Applicant registered under the Act and filed a 
registration statement under the Securities Act of 1933 on March 3, 
1993. Applicant's registration statement under the Securities Act of 
1933 was declared effective on June 2, 1993 and applicant commenced a 
public offering of its shares on July 1, 1993.
    2. On February 23, 1995, applicant's board of trustees considered 
and approved a transfer of assets from applicant's portfolios, the 
National Portfolio, the New York Portfolio, and the Pennsylvania 
Portfolio, to the following series of MFS Municipal Series Trust (the 
``Acquiring Fund''), respectively: MFS Municipal Income Fund, MFS New 
York Municipal Bond Fund, and MFS Pennsylvania Municipal Bond Fund. The 
Acquiring Fund is a registered investment company.

[[Page 55391]]

    3. On March 29, 1995, applicant mailed proxy materials to its 
shareholders. The definitive proxy materials were filed with the 
Commission on March 31, 1995. On April 28, 1995, applicant's 
shareholders approved the reorganization.
    4. On May 1, 1995, applicant transferred all of the assets and 
liabilities of each of its portfolios to the corresponding series of 
the Acquiring Fund based on the aggregate net asset value of the funds. 
Immediately after the transfer of assets, applicant distributed to 
shareholders of each of applicant's portfolios the shares it received 
from the corresponding Acquiring Fund's series in the reorganization. 
Each shareholder received the proportion of shares of the Acquiring 
Fund's series corresponding to the number of shares of beneficial 
interest of applicant's portfolio owned by such shareholder in relation 
to the number of such shares of applicant outstanding on that date.
    5. Expenses consisted of legal costs, accounting costs, printing 
and mailing costs, and costs of proxy solicitation. In an agreement 
dated February 7, 1995, the Advest Group, Inc. and Massachusetts 
Financial Services agreed to pay certain expenses in connection with 
the reorganization. Applicant paid no portion of the expenses incurred 
on its behalf.
    6. After receipt of the requested order, applicant will file the 
necessary documentation with the Commonwealth of Massachusetts to 
terminate its existence as a Massachusetts business trust.
    7. There are no securityholders to whom distributions in complete 
liquidation of their interests have not been made. Applicant has 
retained no assets. Applicant has no debts or other liabilities that 
remain outstanding. Applicant is not a party to any litigation or 
administrative proceeding.
    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. 95-26936 Filed 10-30-95; 8:45 am]
BILLING CODE 8010-01-M