[Federal Register Volume 66, Number 86 (Thursday, May 3, 2001)]
[Notices]
[Pages 22273-22274]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-11087]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. IC-24964]


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

April 27, 2001.
    The following is a notice of applications for deregistration under 
section 8(f) of the Investment Company Act of 1940 for the month of 
April, 2001. A copy of each application may be obtained for a fee at 
the SEC's Public Reference Branch, 450 Fifty 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 May 22, 2001, 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, 450 Fifth Street, 
NW., Washington, DC 20549-0506.

Firstmark Partners Contrarian Value Fund [File No. 811-9109]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On December 21, 2000, applicant made a 
liquidating distribution to its shareholders based on net asset value. 
Expenses of approximately $3,800 incurred in connection with the 
liquidation were paid by applicant's investment adviser, Firststock 
Financial Services, Inc.
    Filing Dates: The application was filed on March 7, 2001, and 
amended on April 18, 2001.
    Applicant's Address: 5212 Underwood Ave., Omaha, NE 68132.

Circle Income Shares, Inc. 
[File No. 811-2378]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. On January 
22, 2001, applicant transferred its assets to One Group Mutual Funds 
based on net asset value. Expenses of $123,169 were incurred in 
connection with the reorganization. Applicant and the acquiring fund 
each were responsible for their own reorganizational expenses. Bank One 
Investment Advisors Corporation, the acquiring fund's investment 
adviser, assumed the costs of certain expenses, including proxy 
solicitation and legal expenses.
    Filing Date: The application was filed on April 6, 2001.
    Applicant's Address: PO Box 77004, Indianapolis, IN 46277-7004.

Imperial Special Investments, Inc. 
[File No. 811-9919]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. On March 26, 
2001, applicant made a liquidating distribution to its shareholders 
based on net asset value. Expenses of $16,600 incurred in connection 
with the liquidation were paid by applicant.
    Filing Date: The application was filed on April 4, 2001.
    Applicant's Address: 9920 S. La Cienega Blvd., Suite 636, 
Inglewood, CA 90301.

Bearguard Funds, Inc. 
[File No. 811-9291]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an

[[Page 22274]]

investment company. On April 2, 2001, applicant made a liquidating 
distribution to its shareholders based on net asset value. Expenses of 
$8,500 incurred in connection with the liquidation were paid by 
applicant's investment adviser, Skye Investment Advisers LLC.
    Filing Date: The application was filed on April 4, 2001.
    Applicant's Address: 985 University Avenue, Suite 26, Los Gatos, CA 
95032.

Kemper Bond Enhanced Securities Trust, Series 1 and Subsequent 
Series 
[File No. 811-4382]

    Summary: Applicant, a unit investment trust, seeks an order 
declaring that it has ceased to be an investment company. On September 
8, 1999, applicant made a final liquidating distribution to its 
shareholders based on net asset value. Applicant incurred no expenses 
in connection with the liquidation.
    Filing Date: The application was filed on March 30, 2001.
    Applicant's Address: 250 North Rock Road, Suite 150, Wichita, KA 
67206-224.

IGAM Group Funds 
[File No. 811-9493]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On February 15, 2001, applicant made a 
liquidating distribution to its shareholders based on net asset value. 
Applicant incurred no expenses in connection with the liquidation.
    Filing Date: The application was filed on March 27, 2001.
    Applicant's Address: 24 Salt Pond Road, South Kingstown Office 
Park, Suite A5, Wakefield, RI 02879.

Income Opportunities Fund 2000, Inc. 
[File No. 811-7240]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. On December 
27, 2000, applicant made a liquidating distribution to its shareholders 
based on net asset value. As of April 6, 2001, applicant still had 20 
shareholders who have not redeemed their shares. The Bank of New York 
is holding any unclaimed funds, which will escheat to each 
shareholder's state of residence after the applicable holding period. 
Expenses of $35,133 incurred in connection with the liquidation were 
paid by applicant.
    Filing Dates: The application was filed on February 23, 2001, and 
amended on April 18, 2001,
    Applicant's Address: Merrill Lynch Investment Managers, LLP, 800 
Scudders Mill Road, Plainsboro, NJ 08536.

State Farm Balanced Fund, Inc. 
[File No. 811-1520]

State Farm Interim Fund, Inc. 
[File No. 811-2726]

State Farm Municipal Bond Fund, Inc. 
[File No. 811-2727]

    Summary: Each applicant seeks an order declaring that it has ceased 
to be an investment company. On April 1, 2001, each applicant 
transferred its assets to a corresponding series of State Farm 
Associates' Funds Trust based on net asset value. Expenses of $66,928, 
$7,878, and $25,025, respectively, incurred in connection with the 
reorganizations were paid by each applicant.
    Filing Dates: The applications were filed on April 6, 2001, and 
amended on April 25, 2001.
    Applicant's Address: Three State Farm Plaza, Bloomington, IL 61710-
0001.

Composite Deferred Series, Inc. 
[File No. 811-4962]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On April 21, 2000, Applicant distributed all 
of its shares at net asset value to its sole shareholder in connection 
with Applicant's liquidation. Total expenses of approximately $4,000.00 
were incurred in connection with the liquidation and were paid by WM 
Advisors, Inc.
    Filing Date: The application was filed on February 1, 2001.
    Applicant's Address: John T. West, 
c/o WM Advisors, Inc., 1201 Third Avenue, Suite 1400, Seattle, WA 
98101.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 01-11087 Filed 5-2-01; 8:45 am]
BILLING CODE 8010-01-M