[Federal Register Volume 64, Number 125 (Wednesday, June 30, 1999)]
[Notices]
[Page 35222]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-16578]



[[Page 35222]]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. IC-23883]


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

June 23, 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 
June, 1999. A copy of each application may be obtained for a fee at the 
SEC's Public Reference Branch, 450 Fifth St., NW, 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 July 19, 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, NW, 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 0506, 
450 Fifth Street, NW, Washington, DC 20549-0506.

Pinnacle Fund [File No. 811-4188]

SUMMARY: Applicant seeks an order declaring that it has ceased to be an 
investment company. On March 9, 1998, applicant transferred all of its 
assets to Fountain Square Pinnacle Fund, a series of Fountain Square 
Funds, in exchange for shares of the acquiring fund based on net asset 
value. Approximately $46,000 in expenses were incurred in connection 
with the reorganization and were paid by Fifth Third Bank, investment 
adviser to certain portfolios of Fountain Square Funds and a control 
affiliate of applicant's investment adviser.
    Filing Dates: The application was filed on February 16, 1999, and 
amended on June 1, 1999.
    Applicant's Address: 36 South Pennsylvania Street, Suite 610, 
Indianapolis, Indiana 46204.

The Crabbe Huson Funds [File No. 811-7427]
The Crabbe Huson Special Fund, Inc. [File No. 811-5302]

    Summary: Each applicant seeks an order declaring that it has ceased 
to be an investment company. On October 19, 1998, The Crabbe Huson 
Funds transferred all of the assets of (a) six of its series, Crabbe 
Huson Real Estate Investment Fund, Crabbe Huson Oregon Tax-Free Fund, 
Crabbe Huson Income Fund, Crabbe Huson Equity Fund, Crabbe Huson Small 
Cap Fund, and Crabbe Huson Asset Allocation Fund to corresponding 
series of Colonial Trust III based on net asset value; and (b) its two 
remaining series, Crabbe Huson U.S. Government Income Fund and Crabbe 
Huson U.S. Government Money Market Fund to corresponding series of 
Colonial Trust II based on net asset value. On December 22, 1998, The 
Crabbe Huson Special Fund, Inc. transferred all of its assets to the 
Crabbe Huson Special Fund series of Colonial Trust III based on net 
asset value. Expenses of approximately $1,112,235 were incurred in 
connection with the reorganizations and were paid by Liberty Financial 
Companies, Inc., the parent company of applicant's investment adviser, 
or its affiliates.
    Filing Date: Each application was filed on May 25, 1999.
    Applicants' Address: 121 SW Morrison, Suite 1400, Portland, Oregon 
97204.

Templeton American Trust, Inc. [File No. 811-6204]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On April 15, 1999, applicant transferred its 
assets to the Franklin Equity Fund (``Equity Fund'') based on net asset 
value. Expenses of approximately $60,000 were incurred in connection 
with the reorganization and were paid equally by the Equity Fund, 
applicant, and their respective advisers.
    Filing Date: The application was filed on May 26, 1999.
    Applicant's Address: 500 East Broward Boulevard, Ft. Lauderdale, 
Florida 33394-3091.

Morgan Stanley Dean Witter Capital Appreciation Fund [File No. 811-
7333]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On March 15, 1999, applicant transferred its 
assets and liabilities to Morgan Stanley Dean Witter American Value 
Fund based on net asset value. Expenses of approximately $182,000 were 
incurred in connection with the reorganization and were paid by 
applicant.
    Filing Date: The application was filed on May 25, 1999.
    Applicant's Address: Two World Trade Center, New York, New York 
10048.

Neuberger & Berman Municipal Securities Trust [File No. 811-5107]
Neuberger & Berman Municipal Money Fund [File No. 811-4102]
Neuberger & Berman Ultra Short Bond Fund [File No. 811-4812]
Neuberger & Berman Limited Maturity Bond Fund [File No. 811-4560]
Neuberger & Berman Cash Reserves [File No. 811-5467]

    Summary: Each applicant seeks an order declaring that it has ceased 
to be an investment company. On July 2, 1993, applicants transferred 
all of their assets and liabilities to corresponding series of 
Neuberger & Berman Income Funds based on net asset value per share. 
Each applicant bore its expenses related to the reorganization which 
amounted to approximately $28,000 for Neuberger & Berman Municipal 
Securities Trust, $30,000 for Neuberger & Berman Municipal Money Fund, 
$40,000 for Neuberger & Berman Ultra Short Bond Fund and Neuberger & 
Berman Limited Maturity Bond Fund, respectively, and $50,000 for 
Neuberger & Berman Cash Reserves.
    Filing Dates: The applications were filed on June 19, 1998, and 
were amended on May 28, 1999.
    Applicants' Address: 605 Third Avenue, New York, New York 10158-
0180.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 99-16578 Filed 6-29-99; 8:45 am]
BILLING CODE 8010-01-M