[Federal Register Volume 64, Number 107 (Friday, June 4, 1999)]
[Notices]
[Pages 30076-30077]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-14209]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. IC-23856]


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

May 28, 1999.
    The following is a notice of applications for deregistration under 
section 8(f) of the Investment Company Act of 1940 for the month of 
May, 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 June 22, 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, 450 Fifth Street, 
N.W., Washington, DC 20549-0506.

Alameda-Contra Costa Medical Association Collective Investment 
Trust For Retirement Plans [File No. 811-5887]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. Between November 18, 1998, and January 5, 
1999, a pro rata distribution was made to each securityholder of each 
of applicant's portfolios based on net asset value. Expenses of 
approximately $35,000 were incurred in connection with the liquidation 
and were paid by applicant's sponsor and administrator, the Alameda-
Contra Costa Medical Association.
    Filing Dates: The application was filed on April 21, 1999, and 
amended on May 21, 1999.
    Applicant's Address: 6230 Claremont Avenue, Oakland, California 
94618.

Bascom Hill Balanced Fund, Inc. [File No. 811-4825]

Bascom Hill Investors, Inc. [File No. 811-2825]

Madison Bond Fund, Inc. [File No. 811-5952]

    Summary: EAch applicant seeks an order declaring that it has ceased 
to be an investment company. On June 13, 1997, Bascom Hill Balanced 
Fund, Inc. and Bascom Hill Investors, Inc. transferred their assets and 
liabilities to a corresponding series of Mosaic Equity Trust based on 
net asset value. On June 13, 1997, Madison Bond Fund, Inc. transferred 
its assets and liabilities to Mosaic Income Trust based on net asset 
value. Expenses of approximately $12,000, $10,000, and $8,000, 
respectively, were incurred in connection with the reorganizations and 
were paid by Madison Investment Advisors, Inc., investment adviser of 
each applicant.
    Filing Dates: Each application was filed on February 17, 1999, and 
amended on May 12, 1999.
    Applicants' Address: 6411 Mineral Point Road, Madison, Wisconsin 
53705.

The Highland Family of Funds [File No. 811-7867]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On March 13, 1998, applicant made its final 
liquidating distribution to its remaining securityholders at net asset 
value per

[[Page 30077]]

share. Expenses of approximately $33,815 incurred in connection with 
the liquidation were paid by Robert Lamb III, applicant's President and 
Trustee, and co-founder of Highland Investment Group, L.P., applicant's 
investment adviser.
    Filing Dates: The application was filed on November 5, 1998 and 
amended on May 11, 1999.
    Applicant's Address: 1248 Post Road, Fairfield, Connecticut 06430.

Marquis Funds [File No. 811-7830]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On August 10, 1998, applicant transferred all 
of its assets and liabilities to corresponding series of The One 
Group in exchange for shares of the corresponding series of 
The One Group based on net asset value. Expense of 
approximately $270,000 were incurred in connection with the 
reorganization and were paid by Banc One Investment Advisors, 
investment adviser to the The One Group.
    Filing Dates: The application was filed on March 26, 1999, and 
amended on May 26, 1999.
    Applicant's Address: 2 Oliver Street, Boston, Massachusetts 02109.

Oppenheimer Mortgage Income Fund [File No. 811-4712]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On June 28, 1995, applicant transferred all 
of its assets to Oppenheimer U.S. Government Trust (``U.S. Government 
Trust''), in exchange for shares of U.S. Government Trust, based on the 
relative net asset values per share. Applicant and U.S. Government 
Trust paid $37,107 and $23,207, respectively, in expenses related to 
the reorganization.
    Filing Dates: The application was filed on March 3, 1999, and 
amended on May 12, 1999.
    Applicant's Address: Two World Trade Center, New York, New York 
10048-0203.

Principal Tax-Exempt Cash Management Fund, Inc. [File No. 811-5548]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On April 8, 1999, applicant transferred its 
assets and liabilities to Principal Cash Management Fund, Inc. in 
exchange for shares of that fund based on the net asset value per 
share. Expenses of approximately $70,000 were incurred in connection 
with the reorganization, and were paid by Principal Management 
Corporation, applicant's investment adviser.
    Filing Dates: The application was filed on April 28, 1999, and 
amended on May 20, 1999.
    Applicant's Address: The Principal Financial Group, Des Moines, 
Iowa 50392.

Stonebridge Growth Fund, Inc. [File No. 811-916]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On November 2, 1998, applicant transferred 
all of its assets to the Stonebridge Growth Fund, a series of the 
Stonebridge Funds Trust, at net asset value. Expenses of approximately 
$41,000 incurred in connection with the reorganization were borne by 
applicant.
    Filing Dates: The application was filed on January 8, 1999, and 
amended on April 15, 1999 and May 26, 1999.
    Applicant's Address: 370 17th Street, Suite 3100, Denver, Colorado 
80202-5631.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 99-14209 Filed 6-3-99; 8:45 am]
BILLING CODE 8010-01-M