[Federal Register Volume 62, Number 36 (Monday, February 24, 1997)]
[Notices]
[Pages 8285-8286]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-4666]


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SECURITIES AND EXCHANGE COMMISSION

Sunshine Act Meeting

    Notice is hereby given, pursuant to the provisions of the 
Government in the Sunshine Act, Pub. L. 94-409, that the Securities and 
Exchange Commission will hold the following open meeting during the 
week of February 24, 1997.
    An open meeting will be held on Thursday, February 27, 1997, at 
9:00 a.m., in Room 1C30.
    The subject matter of the open meeting scheduled for Thursday, 
February 27, 1997, at 9:00 a.m., will be:

    The Commission will consider whether to propose for public 
comment: (i) amendments to Form N-1A under the Investment Company 
Act of 1940 and the Securities Act of 1933, which would revise the 
disclosure requirements for mutual fund prospectuses to focus 
prospectus disclosure on essential information about a particular 
fund that

[[Page 8286]]

would assist an investor in deciding whether to invest in that fund; 
(ii) rule 498 under the Securities Act and the Investment Company 
Act, which would permit investors to buy mutual fund shares based on 
a summary document, or profile, that would provide key information 
about a mutual fund; and (iii) rule 35d-1 under the Investment 
Company Act, which would require mutual funds and other registered 
investment companies with names suggesting that the company focuses 
on a particular type of investment (e.g., a fund that calls itself 
the ABC Stock Fund, the XYZ Bond Fund, or the 123 Government Fund) 
to invest at least 80% of its assets in the type of investment 
suggested by its name. For further information please contact: 
Elizabeth R. Krentzman or Kathleen K. Clarke, (202) 942-0721.

    At times, changes in Commission priorities require alterations in 
the scheduling of meeting items. For further information and to 
ascertain what, if any, matters have been added, deleted or postponed, 
please contact:
    The Office of the Secretary at (202) 942-7070.

    Dated: February 20, 1997.
Jonathan G. Katz,
Secretary.
[FR Doc. 97-4666 Filed 2-20-97; 3:45 pm]
BILLING CODE 8010-01-M