[Federal Register Volume 61, Number 232 (Monday, December 2, 1996)]
[Notices]
[Page 63875]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-30565]


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SECURITIES AND EXCHANGE COMMISSION
[Rel. No. IC-22348; File No. 811-2892]


Boston Mutual Life Variable Account A; Notice of Application

November 22, 1996.
AGENCY: Securities and Exchange Commission (``SEC'' or ``Commission'').

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

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APPLICANT: Boston Mutual Life Variable Account A (``BML Account'').

RELEVANT 1940 ACT SECTION: Order requested under Section 8(f) of the 
1940 Act.

SUMMARY OF APPLICATION: Applicant seeks an order declaring that it has 
ceased to be an investment company, as defined by the 1940 Act.

FILING DATE: The application was filed on March 25, 1996, and amended 
and restated on July 26, 1996.

HEARING OR NOTIFICATION OF HEARING: An order granting the application 
will be issued unless the Commission orders a hearing. Interested 
persons may request a hearing by writing to the Secretary of the SEC 
and serving Applicant with a copy of the request, in person or by mail. 
Hearing requests should be received by the SEC by 5:30 p.m. on December 
17, 1996, 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 requestor's interest, 
the reason for the request, and the issues contested. Persons may 
request notification of a hearing by writing to the Secretary of the 
SEC.

ADDRESSES: Secretary, SEC, 450 5th Street, N.W., Washington, D.C. 
20549. Applicant, James F. Sarcia, Boston Mutual Life Insurance 
Company, 120 Royall Street, Canton, Massachusetts 02021-1028.

FOR FURTHER INFORMATION CONTACT: Edward P. Macdonald, Staff Attorney, 
or Patrice M. Pitts, Branch Chief, Office of Insurance Products, 
Division of Investment Management, at (202) 942-0670.

SUPPLEMENTARY INFORMATION: Following is a summary of the application. 
The complete application is available for a fee from the Public 
Reference Branch of the SEC.

Applicant's Representations

    1. BML Account, a unit investment trust, is a separate account of 
the Boston Mutual Life Insurance Company (``Boston Mutual''). On 
December 29, 1978, BML Account filed with the Commission a notification 
of registration as an investment company on Form N-8A, and a 
registration statement on Form S-6 (File No. 2-63340) to register under 
the Securities Act of 1933 interests in individual flexible purchase 
payment variable annuity contracts issued by Boston Mutual through BML 
Account. The registration statement was declared effective on May 1, 
1981.
    2. Boston Mutual deposited $100,000 of ``seed money'' in BML 
Account. All of that seed money was invested in Money Market 
Management, Inc., a money market investment company.
    3. Boston Mutual decided to withdraw from the variable annuity 
business after fewer than 100 of its variable annuity contracts were 
sold. Full refunds were offered to all contractholders and by early 
1982 all contractholders had accepted refunds. Boston Mutual has not 
issued any variable annuity contracts through BML Account since 1982, 
and does not intend to offer variable annuity contracts issued through 
BML Account for sale in the future.
    4. On December 7, 1995, the Board of Directors of Boston Mutual 
authorized the liquidation of Boston Mutual's seed money in the BML 
Account, and authorized certain offices to execute and file 
deregistration and liquidation documents with the appropriate 
authorities.
    5. BML Account disposed of its portfolio securities through the 
liquidation of Boston Mutual's seed money by redemption, for $100,000 
in cash, of 100,000 shares of Money Market Management, Inc. No 
brokerage commissions were charged. The proceeds ($100,000) were 
returned to Boston Mutual on December 20, 1995.
    6. BML Account currently has no assets or liabilities, and no 
securityholders or accountholders. BML Account is not a party to any 
litigation or administrative proceeding, and is not now engaged, nor 
does it intend to engage, in any business activities other than those 
necessary for winding up its affairs.
    7. Within the last 18 months, BML Account has not transferred any 
of its assets to a separate trust.
    8. BML Account represents that it is current with all of its 
filings under the 1940 Act.
    9. BML Account has ceased to be a legal separate account of Boston 
Mutual under Massachusetts law. Boston Mutual is in the process of 
withdrawing or terminating BML Account's legal existence in any states 
in which BML Account is registered.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 96-30565 Filed 11-29-96; 8:45 am]
BILLING CODE 8010-01-M