[Federal Register Volume 62, Number 145 (Tuesday, July 29, 1997)]
[Notices]
[Pages 40559-40560]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-19905]


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SECURITIES AND EXCHANGE COMMISSION

[Rel. No. IC-22759; 811-8742]


Pacifica Variable Trust; Notice of Application

July 23, 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: Pacifica Variable Trust.

RELEVANT ACT SECTION: Section 8(f)

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

FILING DATES: The application was filed on January 31, 1997, and 
amendments thereto were filed on May 6, 1997, and June 19, 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 August 18, 1997, 
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 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 5th Street, NW., Washington, DC 20549. 
Applicant, 237 Park Avenue, Suite 910, New York, NY 10017.

FOR FURTHER INFORMATION CONTACT: Deepak T. Pai, Staff Attorney, at 
(202) 942-0574, or H.R. Hallock, Jr., Special Counsel, 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 at the 
SEC's Public Reference Branch.

Applicant's Representations

    1. Applicant is an open-end management investment company that is 
organized as a Delaware business trust. On August 30, 1994, applicant 
registered under the Act and filed a registration statement pursuant to 
section 8(b) of the Act on Form N-1A to register an indefinite number 
of

[[Page 40560]]

shares for each of its five portfolios. The registration statement 
became effective on December 1, 1995, and applicant commenced a public 
offering of its shares on January 2, 1996. Applicant's shares were 
offered only to separate accounts funding variable annuity contracts 
issued by Anchor National Life Insurance Company.
    2. At a meeting of applicant's board of trustees on August 15, 
1996, the board unanimously approved the deregistration and dissolution 
of applicant. Applicant states it did not seek securityholder 
authorization for its deregistration and dissolution because the sole 
shareholder of each of its series voluntarily redeemed its shares.
    3. On September 26, 1996, applicant's liquidation date, applicant's 
sole shareholder of each of applicant's series voluntarily redeemed its 
shares at net asset value. The number of securities redeemed and the 
aggregate net asset value attributable to each portfolio were as 
follows: (a) The Balanced Portfolio redeemed 259,699.737 shares with an 
aggregate net asset value of $2,708,148.86; (b) the Emerging Growth 
Portfolio redeemed 262,809.167 shares with an aggregate net asset value 
of $2,763,438.40; (c) the Equity Value Portfolio redeemed 261,410.613 
shares with an aggregate net asset value of $2,821,404.74; (d) the 
Intermediate Bond Portfolio redeemed 258,378.579 shares with an 
aggregate net asset value of $2,487,152.20; and (e) the Money Market 
Portfolio redeemed 2,587,773.76 shares with an aggregate net asset 
value of $2,587,773.76. There are no securityholders of applicant to 
whom distributions in complete liquidation of their interests have not 
been made.
    4. The expenses incurred in connection with applicant's liquidation 
were approximately $14,344.59. The expenses were assumed by Wells Fargo 
Bank, the parent company of applicant's investment adviser. Prior to 
applicant's liquidation date, all of applicant's portfolio securities 
and other assets were disposed of in arm's length transactions at fair 
market value. Applicant paid ordinary and reasonable brokerage 
commissions in connection with such transactions.
    5. Applicant has no securityholders or assets. Applicant has no 
outstanding debts or liabilities. Applicant is not a party to any 
litigation or administrative proceeding.
    6. 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. Applicant will file a certificate of cancellation with 
the State of Delaware to effect its dissolution.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Jonathan G. Katz,
Secretary.
[FR Doc. 97-19905 Filed 7-28-97; 8:45 am]
BILLING CODE 8010-01-M