[Federal Register Volume 61, Number 110 (Thursday, June 6, 1996)]
[Notices]
[Page 28914]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-14181]



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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 21996; 811-5591]


The Dreyfus/Laurel Investment Series

May 30, 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: The Dreyfus/Laurel Investment Series.

RELEVANT ACT SECTION: Section 8(f).

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

FILING DATES: The application was filed on April 9, 1996 and amended on 
May 20, 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 June 24, 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 5th Street, NW., Washington, DC 20549. 
Applicant, 200 Park Avenue, New York, New York 10166.

FOR FURTHER INFORMATION CONTACT: Sarah A. Buescher, Staff Attorney, at 
(202) 942-0573, or David M. Goldenberg, 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 an open-end management investment company organized 
as a Massachusetts business trust. On May 31, 1988, applicant filed a 
Notification of Registration on Form N-8A pursuant to section 8(a) of 
the Act, and a registration statement on Form N-1A pursuant to section 
8(b) of the Act and the Securities Act of 1933. The registration 
statement became effective on October 11, 1988, and the initial public 
offering of applicant's shares commenced on October 12, 1988. 
Applicant's board of trustees had authorized both Investor and Class R 
shares of the Fund, but only Investor shares of the Fund were issued.
    2. On July 26, 1995, applicant's board of trustees approved the 
liquidation of the last remaining series of applicant (the ``Fund'') 
and the subsequent dissolution of applicant. Applicant's board approved 
the liquidation based on the less than expected growth and performance 
of the Fund. The board also approved the retention by applicant's 
transfer agent of one Investor share of the Fund following the Fund's 
liquidation so that the transfer agent could act as shareholder to 
approve applicant's dissolution.
    3. On September 15, 1995, applicant made a liquidating distribution 
of $351,113 to shareholders of record at $11.86 per share. The 
distribution to shareholders was based on net asset value. On September 
18, 1995, applicant's transfer agent, as the sole remaining shareholder 
of the Fund, approved the dissolution of applicant in accordance with 
applicant's trust agreement.
    4. In connection with its liquidation, applicant is expected to 
incur approximately $7,500 of aggregate expenses, consisting primarily 
of legal expenses, all of which have been or will be paid by The 
Dreyfus Corporation, applicant's investment adviser. Applicant's 
portfolio securities were sold at market prices and no brokerage 
commissions were incurred.
    5. As of the date of the application, applicant had no assets, no 
liabilities, and no shareholders. Applicant is not a party to any 
litigation or administrative proceeding. Applicant is not engaged, nor 
proposes to engage, in any business activities other than those 
necessary for the winding-up of its affairs.
    6. Applicant intends to file a notice of termination with the 
appropriate Massachusetts authorities.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Jonathan G. Katz,
Secretary.
[FR Doc. 96-14181 Filed 6-5-96; 8:45 am]
BILLING CODE 8010-01-M