[Federal Register Volume 61, Number 168 (Wednesday, August 28, 1996)]
[Notices]
[Page 44369]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-21886]


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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 22161; 811-7550]


Focus Investment Trust Series 1; Notice of Application

August 21, 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: Focus Investment Trust Series 1.

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 July 25, 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 September 16, 
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. Applicant, Morgan Keegan & Co., Inc., Morgan Keegan Tower, 50 N. 
Front Street, Memphis, Tennessee 38103.

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.

Applicant's Representations

    1. Applicant is a registered unit investment trust under the Act. 
According to SEC records, on March 4, 1993, 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-8B-2 pursuant to 
section 8(b) of the Act. On the same date, applicant filed a 
registration statement on Form S-6 under the Securities Act of 1933 to 
register its shares.
    2. By letter dated February 22, 1994, applicant requested that its 
registration statement be withdrawn. Applicant's registration statement 
was withdrawn by order of the SEC on March 22, 1994, and applicant 
ceased to exist. Applicant has received no funds nor made any 
distribution to securityholders due to the fact that applicant was 
never effectively in operation.
    3. Applicant has no securityholders, debts, 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 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. 96-21886 Filed 8-27-96; 8:45 am]
BILLING CODE 8010-01-M