[Federal Register Volume 61, Number 33 (Friday, February 16, 1996)]
[Notices]
[Pages 6273-6274]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-3575]



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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 21743; 811-8040]


TCW/DW North American Intermediate Income Trust; Notice of 
Application

February 12, 1996.
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: TCW/DW North American Intermediate Income Trust.

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 January 11, 1996 and amended 
on February 7, 1996.

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 March 8, 1996, 
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, Two World Trade Center, New York, New York 10048.

FOR FURTHER INFORMATION CONTACT: Diane L. Titus, Paralegal Specialist, 
at (202) 942-0584, 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 from 
the SEC's Public Reference Branch.

[[Page 6274]]


Applicant's Representations

    1. Applicant is an open-end, non-diversified management investment 
company organized as a Massachusetts business trust. On September 22, 
1993, applicant registered under the Act and filed a registration 
statement under the Securities Act of 1933. Applicant's registration 
statement was declared effective, and an initial public offering of its 
shares commenced, on March 14, 1994.
    2. At a meeting held on August 24, 1995, applicant's board of 
trustees unanimously approved a plan of liquidation and dissolution 
(the ``Plan''). At the meeting, the trustees considered a number of 
factors, including the amount of the Fund's total assets and the 
inefficiencies, higher costs and disadvantageous economies of scale 
attendant with the Fund's small asset base, and the likelihood of 
whether additional sales of the Fund's shares could increase the assets 
to a more viable level. Accordingly, the board of trustees determined 
that adoption of the Plan would be in the interests of the Fund and its 
shareholders.
    3. Proxy materials were filed with the SEC on September 14, 1995 
and mailed to securityholders on or about the same date. On November 
21, 1995, applicant's securityholders approved the Plan. Accordingly, 
on December 12, 1995, securityholders were paid a final liquidation 
distribution at net asset value equal to their proportionate interest 
in the applicant's assets.
    4. All expenses incurred in connection with applicant's liquidation 
were paid by TCW Funds Management, Inc., applicant's adviser, and Dean 
Witter InterCapital Inc., applicant's manager.
    5. Applicant has no securityholders, liabilities or assets. 
Applicant is not a party to any litigation or administrative 
proceeding. Applicant is not now engaged, nor does it propose to 
engage, in any business activities other than those necessary to wind 
up its affairs.

    For the SEC, by the Division of Investment Management, under 
delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 96-3575 Filed 2-15-96; 8:45 am]
BILLING CODE 8010-01-M