[Federal Register Volume 64, Number 62 (Thursday, April 1, 1999)]
[Notices]
[Pages 15852-15854]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-8063]


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SECURITY AND EXCHANGE COMMISSION

[Docket No. IC-23765]


Notice of Application for Deregistration under Section 8(f) of 
the Investment Company Act of 1940

March 26, 1999.
    The following is a notice of applications for deregistration under

[[Page 15853]]

section 8(f) of the Investment Company Act of 1940 for the month of 
March 1999. 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 
20549-0102 (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 April 20, 1999, 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 20549-0609. 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 20549-0506.

Kemper Gold Fund [File No. 811-6334]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On July 31, 1991, applicant made a 
liquidating distribution to its shareholders at net asset value per 
share. Expenses incurred in connection with the liquidation were $7,000 
and were borne by applicant and Kemper Financial Services, Inc., the 
applicant's investment adviser.
    Filing Dates: The application was filed on December 10, 1997, and 
amended on February 16, 1999.
    Applicant's Address: 222 South Riverside Plaza, Chicago, IL 60606.

Kemper Environmental Services Fund [File No. 811-6060]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On August 26, 1994, applicant transferred all 
of its assets, less reserves for debt, to the Kemper Technology Fund in 
exchange for Class A shares based on net asset value per share. 
Expenses incurred in connection with the merger were $28,000 and were 
borne by applicant.
    Filing Dates: The application was filed on December 10, 1997, and 
amended on February 16, 1999.
    Applicant's Address: 222 South Riverside Plaza, Chicago, IL 60606-
5808.

Kemper Government Money Market Fund [File No. 811-3316]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On November 14, 1986, applicant was 
reorganized into the Government Securities Portfolio of Kemper Money 
Market Fund (now Zurich Money Funds) and transferred all of its assets 
and liabilities to the Government Securities Portfolio in exchange for 
shares based on net asset value per share. Expenses incurred in 
connection with the reorganization were $30,000 and were borne by 
applicant.
    Filing Dates: The application was filed on December 10, 1997, and 
amended on February 16, 1999.
    Applicant's Address: 222 South Riverside Plaza, Chicago, IL 60606-
5808.

Kemper New York Tax-Free Fund [File No. 811-4411]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. Applicant was reorganized as the New York 
Portfolio, a series of Kemper State Tax-Free Income Fund, and, on July 
27, 1990, transferred all of its assets and liabilities to the New York 
Portfolio in exchange for shares based on net asset value per share. 
Expenses incurred in connection with the reorganization were $30,000 
and were borne by applicant.
    Filing Dates: The application was filed on December 10, 1997, and 
amended on February 16, 1999.
    Applicant's Address: 222 South Riverside Plaza, Chicago, IL 60606-
5808.

Dean Witter Retirement Series [File No. 811-6682]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. By September 14, 1998, each of applicant's 
eleven series had transferred all of its assets and liabilities to a 
corresponding series of Morgan Stanley Dean Witter Funds, based on the 
relative net asset value per share. Expenses of approximately $948,163 
were incurred in connection with the reorganization and were borne by 
Morgan Stanley Witter Advisors Inc., the investment adviser of 
applicant and each acquiring fund.
    Filing Dates: The application was filed on November 25, 1998, and 
amended on March 5, 1999.
    Applicant's Address: Two World Trade Center, New York, New York 
10048.

Oppenheimer Time Fund [File No. 811-2171]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On June 23, 1995, applicant transferred all 
of its assets to Oppenheimer Target Fund (``Target Fund''), in exchange 
for shares of Target Fund, based on the relative net asset values per 
share. Expenses of approximately $37,326 incurred in connection with 
the reorganization were paid equally by applicant and the Target Fund.
    Filing Dates: The application was filed on November 20, 1998, and 
amended on March 12, 1999.
    Applicant's Address: Two World Trade Center, New York, New York 
10048-0203.

SBSF Funds, Inc. (dba Key Mutual Funds) [File No. 811-3792]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. By March 23, 1998, each of applicant's eight 
series had transferred all of their assets and liabilities to 
corresponding series of The Victory Portfolios (the ``Company'') in 
exchange for shares of the Company based on the relative net asset 
values. Approximately $107,000 in expenses were incurred in connection 
with the reorganization and were paid by KeyCorp, a holding company 
affiliated with Key Asset Management Inc., the investment adviser for 
applicant and the Company.
    Filing Dates: The application was filed on December 8, 1998, and 
amended on March 8, 1999.
    Applicant's Address: 3435 Stelzer Road, Columbus, Ohio 43219.

Dean Witter Global Asset Allocation Fund [File No. 811-7233]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On September 21, 1998, applicant transferred 
its assets and liabilities to Morgan Stanley Dean Witter Strategist 
Fund (``Strategist''), in exchange for shares of Strategies based on 
the relative net asset values. Expenses of approximately $88,000 were 
incurred in connection with the reorganization and were paid by 
applicant.
    Filing Dates: The application was filed on January 19, 1999, and 
amended on March 19, 1999.
    Applicant's Address: Two World Trade Center, New York, New York 
10048.

[[Page 15854]]

Van Kampen Small Capitalization Fund [File No. 811-6421]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On February 12, 1999, applicant made a 
liquidating distribution to its sole shareholder. Expenses of 
approximately $450 incurred in connection with the liquidation were 
paid by Van Kampen Investments Inc., the holding company of applicant's 
adviser.
    Filing Dates: The application was filed on March 4, 1999. Applicant 
has agreed to file an amendment during the notice period.
    Applicant's Address: 1 Parkview Plaza, P.O. Box 5555, Oakbrook 
Terrace, Illinois 60181.

The Cardinal Group [File No. 811-7588]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On September 19, 1998, applicant transferred 
the assets and liabilities of its six series to corresponding series of 
Fountain Square Funds in exchange for shares of the corresponding 
acquiring fund based on net asset value. Expenses of approximately 
$550,000 were incurred in connection with the reorganization and were 
paid by Fifth Third Bank, the investment adviser to the acquiring 
funds.
    Filing Dates: The application was filed on March 5, 1999. Applicant 
has agreed to file an amendment during the notice period.
    Applicant's Address: 155 East Broad Street, Columbus, Ohio 43215.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 99-8063 Filed 3-31-99; 8:45 am]
BILLING CODE 8010-01-M