[Federal Register Volume 63, Number 214 (Thursday, November 5, 1998)]
[Notices]
[Pages 59814-59816]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-29619]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. IC-23512]


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

October 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 
October, 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, DC 
20549 (tel. 202-942-

[[Page 59815]]

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 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 November 23, 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, DC 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, DC 20549.

New England Funds Trust IV [File No. 811-8473]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. Applicant has never made a public offering of 
its securities and does not propose to make a public offering or engage 
in business of any kind.
    Filing Date: The application was filed on September 28, 1998.
    Applicant's Address: 399 Boylston Street, Boston, Massachusetts 
02116.

Heitman Securities Trust [File No. 811-5659]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On June 30, 1998, applicant transferred all 
of its assets and liabilities to Heitman Real Estate Portfolio, a newly 
created series of the UAM Funds Trust (the ``Acquiring Fund''), in 
exchange for Institutional Class and Advisor Class shares of the 
Acquiring Fund, based on the relative net asset value per share. 
Heitman/PRA Securities Advisors, Inc., applicant's investment adviser, 
paid approximately $142,500 in expenses incurred in connection with the 
reorganization.
    File Date: The application was filed on October 13, 1998.
    Applicant's Address: 180 North LaSalle Street, Suite 3600, Chicago, 
Illinois 60601.

Alamo Growth Fund, Inc. [File No. 811-9162]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. By July 23, 1998, applicant had distributed 
all of its assets to its security holders at the net asset value per 
share. Expenses incurred in connection with the liquidation are not 
expected to exceed $1,000 and will be paid by applicant's investment 
adviser, Alamo Advisers, Inc.
    Filing Dates: The application was filed on May 20, 1998, and 
amended on September 15, 1998, and October 1, 1998
    Applicant's Address: 1777 N.E. Loop 410, Suite 1512, San Antonio, 
Texas 78217.

Capitol Square Funds [File No. 811-7699]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. As of September 30, 1997, applicant's four 
series, Capitol Square Bond Fund, Capitol Square Large Cap Fund, 
Capitol Square Small Cap Fund, and Capitol Square Balanced Fund, each 
liquidated their portfolio securities and other assets, and distributed 
the proceeds pro rata to their shareholders based on the net asset 
value per share. Expenses associated with the liquidation totaled 
approximately $450.00, and were paid by applicant's investment adviser, 
Dillon Capitol Management.
    File Dates: The application was filed on July 28, 1998, and amended 
on October 2, 1998.
    Applicant's Address: 21 East State Street, Suite 1410, Columbus, 
Ohio 43215.

Scudder Institutional Fund, Inc. [File No. 881-4555]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On April 3, 1998, applicant transferred its 
assets and liabilities to Scudder International Fund (the 
``International Fund''), a series of Scudder International Fund, Inc., 
based on the relative net asset values per share. Scudder Kemper 
Investments, Inc., investment adviser to both applicant and the 
International Fund, paid approximately $75,497 in expenses incurred in 
connection with the reorganization. In addition, applicant has incurred 
approximately $3,464 in liquidation expenses, and applicant's total 
liquidation expenses are not expected to exceed $4,500.
    Filing Date: The application was filed on September 11, 1998.
    Applicant's Address: 345 Park Avenue, New York, New York 10154.

Peachtree Funds [File No. 811-7107]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On September 30, 1998, four portfolios of 
Peachtree Funds transferred all of their assets and liabilities to 
corresponding portfolios of Nations Funds Trusts. The remaining 
portfolio of Peachtree Funds, Peachtree Prime Money Market Fund, 
transferred all of its assets and liabilities to a corresponding 
portfolio of Nations Prime Fund, Inc. The reorganization incurred 
approximately $695,000 in expenses that were paid for by the acquiring 
funds' investment adviser, NationsBank, and their sponsor, distributor, 
and administrator.
    Filing Dates: The application was filed on May 13, 1997, and 
amended on July 15, 1998.
    Applicant's Address: Federated Investors Tower, Pittsburgh, 
Pennsylvania 15222-3779.

The Columbus Fund, Inc. [File No. 811-8418]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. Applicant has never made a public offering of 
its securities and does not propose to make a public offering or engage 
in business of any kind.
    Filing Date: The application was filed on October 14, 1998.
    Applicant's Address: c/o Dechert Price & Rhoads, 1775 Eye Street, 
N.W., Washington, D.C. 20006-2401.

Dodge & Cox Stock Fund [File No. 811-1294]; Dodge & Cox Income Fund 
[File No. 811-5580]

    Summary: Each applicant seeks an order declaring that it has ceased 
to be an investment company. On April 30, 1998, each applicant 
transferred all of its assets and liabilities to a corresponding series 
of the Dodge & Cox Funds based on the net asset value per share. 
Applicants paid $158,581, and $38,008, respectively, in expenses 
related to the reorganizations.
    Filing Dates: Each application was filed on August 12, 1998, and 
amended on October 22, 1998.
    Applicants' Address: One Sansome Street, San Francisco, California 
94104.

Oppenheimer Strategic Investment Grade Bond Fund [File No. 811-
6458]; Oppenheimer Strategic Short-Term Income Fund [File No. 811-
6533]

    Summary: Each applicant seeks an order declaring that it has ceased 
to be an investment company. On September 21, 1995, Oppenheimer 
Strategic Investment Grade Bond Fund transferred all of its assets to 
Oppenheimer Bond Fund (``Bond Fund'') at net asset value. Applicant and 
Bond Fund paid $26,882 and $20,057,

[[Page 59816]]

respectively, in expenses related to the reorganization. On September 
21, 1995, Oppenheimer Strategic Short-Term Income Fund transferred all 
of its assets to Oppenheimer Limited-Term Government Fund (``Limited-
Term Government Fund'') at net asset value. Applicant and Limited-Term 
Government Fund paid $26,432 and $20,057, respectively, in expenses 
related to the reorganization.
    Filing Dates: Each application was filed on September 28, 1998, and 
the application for Oppenheimer Strategic Short-Term Income Fund was 
amended on October 27, 1998.
    Applicants' Address: 6803 S. Tucson Way, Englewood, Colorado 80112.

Composite Equity Series, Inc. [File No. 811-565]; Composite Income 
Fund, Inc. [File No. 811-2604]; Composite Tax-Exempt Bond Fund, 
Inc. [File No. 811-2681]; Composite Cash Management Company [File 
No. 811-2941]; Composite U.S. Government Securities, Inc. [File No. 
811-3426]; Composite Northwest Fund, Inc. [File No. 811-4740]

    Summary: Each applicant seeks an order declaring that it has ceased 
to be an investment company. On March 20, 1998, each applicant 
transferred all of its assets and liabilities to corresponding series 
of WM Trust I (formerly known as The Composite Funds) based on the 
relative net asset values per share. The aggregate amount of expenses 
incurred in connection with the reorganization was approximately 
$625,000 and was paid by WM Advisors, Inc., applicants' investment 
adviser, and/or its affiliates but not the applicants.
    Filing Dates: Each application was filed on October 13, 1998. Each 
applicant has agreed to file an amendment during the notice period.
    Applicants' Address: 601 West Main Avenue, Suite 300, Spokane, 
Washington 99201-0613.

Minerva Fund, Inc. [File No. 811-7828]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On December 26, 1997, applicant made a 
liquidating distribution to its shareholders at the net asset value per 
share. Expenses incurred in connection with the liquidation totaled 
approximately $30,000, and were paid by LTCB-MAS Investment Management, 
Inc., applicant's investment adviser.
    Filing Dates: The application was filed on August 21, 1998, and 
amended on October 26, 1998.
    Applicant's Address: 3435 Stelzer Road, Columbus, Ohio 43219.

First Global Equity Portfolio [File No. 811-9072]; AIG All Ages 
Funds, Inc. [File No. 811-9022]

    Summary: Each applicant seeks an order declaring that it has ceased 
to be an investment company. First Global Equity Portfolio (``Global 
Equity'') is a master fund in a master-feeder structure. Global Equity 
has two feeder funds, the AIG Children's World Fund--2005 and the AIG 
Retiree Fund--2003 (collectively, the ``AIG Funds''), each a series of 
AIG All Ages Funds, Inc. On January 21, 1998, the AIG Funds redeemed 
their respective shares of Global Equity at net asset value. On 
February 6, 1998, AIG Asset Management Services, Inc. (``AIG'') 
redeemed its seed capital shares of Global Equity. AIG paid 
approximately $9,658 in expenses in connection with the liquidation of 
Global Equity. On January 26, 1998, the AIG Funds made a pro rata 
distribution to their shareholders of their net assets. AIG Capital 
Management Corp., the investment adviser to the AIG Funds, paid 
approximately $89,857 in expenses in connection with the liquidation of 
the AIG Funds.
    Filing Dates: Each application was field on August 4, 1998. Each 
applicant has agreed to file an amendment during the notice period.
    Applicants' Addresses: Global Equity, 80 Harcourt Street, Dublin, 
Ireland, and AIG Funds, 505 Carr Road, Wilmington, Delaware 19809.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Jonathan G. Katz,
Secretary.
[FR Doc. 98-29619 Filed 11-4-98; 8:45 am]
BILLING CODE 8010-01-M