[Federal Register Volume 62, Number 128 (Thursday, July 3, 1997)]
[Notices]
[Page 36086]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-17422]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 22728; 811-4319]


Dreyfus Unit Trusts Insured Tax Exempt Trust Series 1; Notice of 
Application

June 27, 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: Dreyfus Unit Trusts Insured Tax Exempt 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 May 14, 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 5:00 p.m. on July 22, 1997, 
and should be accompanied by proof of service on the applicant, in the 
form of an affidavit or, for layers, 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, 200 Park Avenue, New York, NY 10166.

FOR FURTHER INFORMATION CONTACT: H.R. Hallock, Jr., Special Counsel, at 
(202) 942-0564, or Mercer E. Bullard, 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, a New York trust, is a registered unit investment 
trust under the Act. Applicant filed a Notification of Registration on 
From N-8A under Section 8(a) of the Act and a Registration Statement on 
From S-6 under the Securities Act of 1933 on June 6, 1985. Applicant 
commenced operations on December 10, 1985, upon the effectiveness of 
its Registration Statement.
    2. All of applicant's portfolio securities were called, and the 
proceeds were distributed to unitholders in complete liquidation of 
their interests on June 17, 1996. At that date, applicant had aggregate 
net assets amounting to $334,904 and 3,752 units outstanding, or a net 
asset value per unit of $89.25. No brokerage commissions were paid in 
connection with the called securities and applicant did not bear any 
liquidation expenses, which amounted to approximately $1,518.
    3. Applicant has no securityholders or assets, outstanding debts or 
liabilities, and is not a party to any litigation or administrative 
proceeding. Applicant will engage in no activities other than those 
necessary for the winding-up of its affairs. Applicants intends to file 
all documents required to terminate its existence as a New York trust.

    For the Commission, by the Division of Investment Management, 
under delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 97-17422 Filed 7-2-97; 8:45 am]
BILLING CODE 8010-01-M