[Federal Register Volume 60, Number 227 (Monday, November 27, 1995)]
[Notices]
[Pages 58417-58418]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-28792]



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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 21505; 811-6583]


International Growth Trust; Notice of Application

November 17, 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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APPLICNAT: International Growth Trust.

RELEVANT ACT SECTION: Section 8(f).

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

FILING DATES: The application was filed on August 14, 1995, and amended 
on October 31, 1995 and November 9, 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 December 12, 
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 
SEC's Secretary.

ADDRESSES: Secretary, SEC, 450 5th Street NW., Washington, D.C. 20549. 
Applicant, 99 Park Avenue, New York, New York 10016.

FOR FURTHER INFORMATION CONTACT:
Diane L. Titus, Paralegal Specialist, at (202) 942-0584, or Alison E. 
Baur, Branch Chief, at (202) 942-0564 (Office of Investment Company 
Regulation, Division of Investment Management).

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, non-diversified management investment 
company formed as a trust under New York law. Applicant is a ``master 
fund'' in a ``master/feeder fund'' complex and has two shareholders: a 
``feeder'' fund, the International Growth Fund (the ``Fund''), and 
applicant's investment adviser, VanEck Associates Corporation (the 
``Adviser'').
    2. SEC records indicate that applicant registered under the Act on 
March 3, 1992 by filing a notification of registration on Form N-8A 
pursuant to section 8(a) of the Act. Also on that date, applicant filed 
a registration statement on Form N-1A pursuant to section 8(b) of the 
Act. No registration was made under the Securities Act of 1933 (the 
``Securities Act'') because applicant's beneficial interests were 
issued solely in private placement transactions that did not involve 
any ``public offering'' within the meaning of section 4(2) thereof. All 
of applicant's investors were ``accredited investors'' within the 
meaning of Regulation D under the Securities Act.
    3. At a meeting held on October 18, 1994, applicant's board of 
trustees approved a plan of liquidation. The Fund's proxy materials 
indicate that, 

[[Page 58418]]
because the Fund was applicant's only feeder fund, and because sales of 
the Fund's shares dropped dramatically, applicant liquidated.
    4. Proxy materials were filed with the SEC and mailed to 
shareholders. The Fund's shareholders approved the liquidation plan at 
the meeting on December 19, 1994.
    5. On December 30, 1994, applicant redeemed the units held by the 
Fund and the Adviser, satisfied the known obligations, and distributed 
the liquidation value in cash to the Fund and the Adviser. The 
liquidation was based on net asset value.
    6. The Adviser paid applicant's unamortized organization expenses 
and the expenses relating to applicant's liquidation. No brokerage 
commissions were paid in connection with the liquidation.
    7. Applicant has no securityholders, assets, or liabilities. 
Applicant is not a party to any litigation or administrative 
proceeding. Applicant is not presently engaged, nor does it propose to 
engage, in any business activities other than those necessary for the 
winding up of its affairs.
    8. Applicant will file a Certificate of Dissolution and/or other 
appropriate documentation, as required by New York law.

    For the SEC, by the Division of Investment Management, under 
delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 95-28792 Filed 11-24-95; 8:45 am]
BILLING CODE 8010-01-M