[Federal Register Volume 61, Number 45 (Wednesday, March 6, 1996)]
[Notices]
[Page 8987]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-5218]



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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 21793; 811-3246]


Lexington Short-Intermediate Government Securities Fund, Inc.; 
Notice of Application

February 29, 1996.
AGENCY: Securities and Exchange Commission (``SEC'').

ACTION: Notice of Application for Deregistration under the Investment 
Company Act of 1940 (the ``Act'').

APPLICANT: Lexington Short-Intermediate Government Securities Fund, 
Inc.

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 31, 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 26, 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, N.W., Washington, D.C. 
20549. Applicants, Park 80 West, Plaza Two, Saddle Brook, New Jersey 
07662.

FOR FURTHER INFORMATION CONTACT: Diane L. Titus, Paralegal Specialist, 
at (202) 942-0584, or Robert A. Robertson, 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, an open-end management investment company, is 
organized as a corporation under the laws of Maryland. On August 19, 
1981, applicant registered under the Act and filed a registration 
statement under the Securities Act of 1933. Applicant's registration 
statement was declared effective on October 19, 1981 and the initial 
public offering of its shares commenced on or about that date.
    2. On September 12, 1995, applicant's board of directors adopted a 
plan of complete liquidation and termination (the ``Plan''). Prior to 
the meeting, Lexington Management Corporation (the ``Adviser'') advised 
the directors that continued operation was not economically feasible 
for the Adviser or applicant's shareholders. On September 20, 1995, 
applicant filed proxy materials with the SEC, and, on October 2, 1995, 
applicant distributed the proxy materials to shareholders. On November 
1, 1995, applicant's shareholders approved the Plan. On December 6, 
1995, applicant distributed $2,878,850 in cash to its shareholders, 
which amount represented the cash value of applicant's portfolio and 
the net proceeds received from the liquidation of the remaining 
portfolio of applicant. Each shareholder received his or her 
proportionate interest based on the net asset value.
    3. Applicant retained $15,789 to cover outstanding liabilities 
associated with the liquidation. These liabilities are estimated to be 
approximately $15,789. Any costs in excess of this amount will be borne 
by the Adviser.
    4. Applicant has no shareholders. At the time of filing the 
application, applicant's only debts consisted of the above-mentioned 
liabilities. Applicant is not a party to any litigation or 
administrative proceeding.
    5. Applicant is not now engaged, nor does it propose to engage, in 
business activities other than those necessary for the winding-up of 
its affairs.
    6. Applicant intends to file for dissolution, in accordance with 
the laws of Maryland after the SEC has issued an order.

    For the SEC, by the Division of Investment Management, under 
delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 96-5218 Filed 3-5-96; 8:45 am]
BILLING CODE 8010-01-M