[Federal Register Volume 62, Number 9 (Tuesday, January 14, 1997)]
[Notices]
[Pages 1932-1933]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-805]


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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 22444; 811-8302]


Master Investment Trust, Series II; Notice of Application

January 7, 1997.
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: Master Investment Trust, Series II.

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

FILING DATE: The application was filed on September 23, 1996 and 
amended on December 19, 1996.

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

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 
applicants with a copy of the request, personally or by mail. Hearing 
requests should be

[[Page 1933]]

received by the SEC by 5:30 p.m. on February 3, 1997, and should be 
accompanied by proof of service on applicants, 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, 3435 Stelzer Road, Columbus, Ohio 43219.

FOR FURTHER INFORMATION CONTACT: Kathleen L. Knisely, Staff Attorney, 
at (202) 942-0517, 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 an open-end diversified management investment 
company organized as a Delaware business trust. Applicant is comprised 
of a single series, the National Municipal Bond Fund.
    2. On January 21, 1994, applicant filed a Notification of 
Registration on Form N-8A pursuant to section 8(a) under the Act and a 
registration statement on Form N-1A pursuant to section 8(b) of the 
Act. No registration statement was filed under the Securities Act of 
1933.
    3. On April 23-24, 1996, at the regular Board of Trustees meeting, 
the Board of Trustees approved, effective upon the withdrawal of the 
investment of the Feeder Fund from the applicant, the termination of 
the applicant's investment advisory and other service agreements. The 
board also authorized the taking of all actions necessary to effect the 
deregistration of applicant.
    4. Prior to July 1, 1996, the National Municipal Bond Fund of 
Pacific Horizon Funds, Inc. (the ``Feeder Fund'') invested all of its 
investable assets in applicant's National Municipal Bond Fund. The 
Feeder Fund was the sole interest holder of applicant's National 
Municipal Bond Fund. On July 1, 1996, applicant's sole interest holder 
gave notice that it wanted to redeem its entire holdings, and on the 
same day complete redemption distributions were paid to the interest 
holder based on net asset value. Such distributions effectively 
liquidated applicant.
    5. Bank of America National Trust and Savings Association, 
applicant's investment adviser, has undertaken to pay applicant's 
expenses in connection with the liquidation.
    6. Applicant has no security holders, 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.
    7. Applicant intends to file the necessary documentation with the 
State of Delaware to effect its dissolution as a Delaware business 
trust.

    For the SEC, by the Division of Investment Management, under 
delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 97-805 Filed 1-13-97; 8:45 am]
BILLING CODE 8010-01-M