[Federal Register Volume 62, Number 59 (Thursday, March 27, 1997)]
[Notices]
[Page 14713]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-7786]


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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 22577; 811-3774]


Insured Tax-Exempt Lease Trust Series 1; Notice of Application

March 21, 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: Insured Tax-Exempt Lease Trust Series 1.

RELEVANT ACT SECTION: Section 8(f).

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

FILING DATES: The application was filed on November 19, 1996, and 
amended on February 24, 1997.

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 April 15, 1997, 
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, NW., Washington, DC 20549. 
Applicant, One North Jefferson, St. Louis, Missouri 63103.

FOR FURTHER INFORMATION CONTACT:
Diane L. Titus, Paralegal Specialist, at (202) 942-0584 (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. 
On June 1, 1983, applicant filed a notification of registration on Form 
N-8A under the Act and filed a registration statement on Form S-6 under 
the Securities Act of 1933. Its sponsor was A.G. Edwards & Sons, Inc.
    2. Applicant's registration statement was never declared effective, 
and its legal existence was never created under the laws of any State. 
Accordingly, applicant has not sold any securities of which it is the 
issuer. Nor does applicant have any securityholders, debts, liabilities 
or assets. Applicant is not a party to any litigation or administrative 
proceeding.
    3. Applicant is not now engaged, nor does it propose to engage, in 
any business activities other than those necessary to wind up its 
affairs.

    For the SEC, by the Division of Investment Management, under 
delegated authority.
Jonathan G. Katz,
Secretary.
[FR Doc. 97-7786 Filed 3-26-97; 8:45 am]
BILLING CODE 8010-01-M