[Federal Register Volume 60, Number 211 (Wednesday, November 1, 1995)]
[Notices]
[Page 55635]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-27127]



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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 21456; 811-5713]


Franklin Tax-Free Advantage 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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APPLICANT: Franklin Tax-Free Advantage 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 October 13, 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 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, 777 Mariners Island Boulevard, San Mateo, California 94404.

FOR FURTHER INFORMATION CONTACT:
Diane L. Titus, Paralegal Specialist, at (202) 942-0584, or C. David 
Messman, 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 a closed-end diversified management investment 
company organized as a business trust under the laws of the 
Commonwealth of Massachusetts. On December 30, 1988, applicant filed a 
notification 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. 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. On July 18, 1995, the fund's surviving Trustees signed an 
unanimous written consent, authorizing the dissolution of the applicant 
with the State of Massachusetts and its deregistration with the SEC.
    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 H. McFarland,
Deputy Secretary.
[FR Doc. 95-27127 Filed 10-31-95; 8:45 am]
BILLING CODE 8010-01-M