[Federal Register Volume 63, Number 24 (Thursday, February 5, 1998)]
[Notices]
[Page 5982]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-2884]



[[Page 5982]]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. IC-23015]


Notice of Applications for Deregistration Under Section 8(f) of 
the Investment Company Act of 1940

January 30, 1998.
    The following is a notice of applications for deregistration under 
section 8(f) of the Investment Company Act of 1940 for the month of 
January, 1998. A copy of each application may be obtained for a fee at 
the SEC's Public Reference Branch, 450 Fifth St., N.W., Washington, 
D.C. 20549 (tel. 202-942-8090). An order granting each application will 
be issued unless the SEC orders a hearing. Interested persons may 
request a hearing on any application by writing to the SEC's Secretary 
at the address below and serving the relevant 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 February 24, 1998, 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 who wish to be notified of a hearing may 
request notification by writing to the Secretary, SEC, 450 Fifth 
Street, N.W., Washington, D.C. 20549. For Further Information Contact: 
Diane L. Titus, at (202) 942-0564, SEC, Division of Investment 
Management, Office of Investment Company Regulation, Mail Stop 5-6, 450 
Fifth Street, N.W., Washington, D.C. 20549.

Value Line Intermediate Bond Fund, Inc.

[File No. 811-6482]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On September 19, 1997, applicant distributed 
its net assets to its shareholders at the net asset value per share. 
Approximately $17,000 of expenses were incurred by the Fund in 
connection with the liquidation. In addition, the Adviser paid 
approximately $15,000 for the cost of printing, assembling and mailing 
the Notice of Special Meeting of Shareholders and Proxy Statement in 
connection with the meeting of shareholders to vote on the liquidation 
and dissolution.
    Filing Date: The application was filed on October 16, 1997.
    Applicant's Address: 220 East 42nd Street, New York, New York 
10017-5891.

Kemper Premier Trust, Sterling Funds, Mexico Growth Fund Inc., and 
Kemper Target Maturity Income Fund

[File Nos. 811-5927, 811-8210, 811-6429, and 811-6695]

    Summary: Each applicant seeks an order declaring that it has ceased 
to be an investment company. Each applicant abandoned its intention to 
operate before it received any assets. Each applicant never issued 
securities.
    Filing Date: The applications were filed on December 10, 1997.
    Applicant's Address: 222 South Riverside Plaza, Chicago, IL 60606.

New USA Mutual Funds, Inc.

[File No. 811-6519]

    Summary: Applicant requests an order declaring that it has ceased 
to be an investment company. On June 2, 1997, applicant transferred its 
assets and liabilities to the MSS Emerging Growth Fund, a portfolio of 
MSS Series Trust II, based on the relative net asset value per share. 
Applicant's investment adviser, New USA Research & Management Co., paid 
approximately $916,400 in expenses related to the transaction.
    Filing Dates: The application was filed on September 9, 1997, and 
amended on January 6, 1998.
    Applicant's Address: c/o State Street Bank and Trust Company, 1776 
Heritage Drive, North Quincy, MA 02171.

Trans Adviser Funds, Inc.

[File No. 811-9068]

    Summary: Applicant requests an order declaring that it has ceased 
to be an investment company. On August 29, 1997, applicant's five 
series, the Aggressive Growth Fund, the Growth/Value Fund, the 
Intermediate Bond Fund, the Kentucky Tax-Free Fund, and the Money 
Market Fund, transferred their assets and liabilities to identically-
named corresponding series on the Countrywide Strategic Trust, 
Countrywide Investment Trust, and Countrywide Tax-Free Trust 
(collectively, ``Countrywide Trusts''), based on the relative net asset 
values per share. Countrywide Trusts' investment adviser, Countrywide 
Investment, Inc., paid approximately $141,000 in expenses related to 
the transaction.
    Filing Dates: The application was filed on October 24, 1997, and 
amended on January 21, 1998.
    Applicant's Address: Two Portland Square, Portland, Maine 04101.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 98-2884 Filed 2-4-98; 8:45 am]
BILLING CODE 8010-01-M