[Federal Register Volume 67, Number 109 (Thursday, June 6, 2002)]
[Notices]
[Pages 39076-39077]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-14136]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. IC-25599]


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

May 31, 2002.
    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, 2002. 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 June 25, 2002, 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.

The Fulcrum Trust [File No. 811-8278]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On December 28, 2001, applicant made a 
liquidating distribution to its shareholders based on net asset value. 
Expenses of $19,448 incurred in connection with the liquidation were 
paid by First Allmerica Financial Life Insurance Company.
    Filing Dates: The application was filed on March 22, 2002, and 
amended on May 29, 2002.
    Applicant's Address: 440 Lincoln Street, Worcester, MA 01653.

Belstar Trust [File No. 811-21045]

    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 Dates: The application was filed on May 2, 2002, and amended 
on May 23, 2002.
    Applicant's Address: 375 Park Ave., Suite 3607, New York, NY 10152.

Dreyfus Strategic Governments Income, Inc. [File No. 811-5552]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. On September 
22, 2000, applicant transferred its assets to Dreyfus A Bonds Plus, 
Inc., based on net asset value. Expenses of $129,000 incurred in 
connection with the reorganization were paid pro rata by applicant and 
the acquiring fund.
    Filing Date: The application was filed on May 17, 2002.
    Applicant's Address: c/o The Dreyfus Corporation, 200 Park Ave., 
New York, NY 10166.

Dreyfus U.S. Treasury Short Term Fund [File No. 811-5077]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On February 23, 2001, applicant transferred 
its assets to Dreyfus Short-Intermediate Government Fund, based on net 
asset value. Expenses of $60,000 incurred in connection with the 
reorganization were paid pro rata by applicant and the acquiring fund.
    Filing Date: The application was filed on May 17, 2002.
    Applicant's Address: c/o The Dreyfus Corporation, 200 Park Ave., 
New York, NY 10166.

Daily Income Fund, Inc. [File No. 811-2477]

Daily Dollar Reserves, Inc. [File No. 811-3555]

    Summary: Each applicant seeks an order declaring that it has ceased 
to be an investment company. By June 21, 1993, each applicant had 
transferred its assets to Short Term Income Fund, Inc., based on net 
asset value. Each applicant incurred $43,000 in expenses in connection 
with the reorganizations, which were paid by Reich & Tang Asset 
Management, LLC, investment adviser to both applicants.
    Filing Dates: The applications were filed on March 25, 2002. Daily 
Dollar Reserves, Inc. filed an amended application on May 17, 2002.
    Applicants' Address: 600 Fifth Ave., New York, NY 10020.

Tax-Free Instruments Trust [File No. 811-3337]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On September 1,

[[Page 39077]]

2000, applicant transferred its assets to Money Market Obligations 
Trust based on net asset value. Applicant incurred no expenses in 
connection with the reorganization.
    Filing Date: The application was filed on May 10, 2002.
    Applicant's Address: 5800 Corporate Dr., Pittsburgh, PA 15237-7000.

Back Bay Funds, Inc. [File No. 811-8339]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On June 28, 2001, applicant made a 
liquidating distribution to its sole shareholder based on net asset 
value. Expenses of $6,000 incurred in connection with the liquidation 
were paid by Reich & Tang Asset Management, LLC, applicant's investment 
adviser.
    Filing Date: The application was filed on May 2, 2002.
    Applicant's Address: 600 Fifth Ave., New York, NY 10020.

Merrill Lynch Asset Income Fund, Inc. [File No. 811-7181];

Merrill Lynch Asset Growth Fund, Inc. [File No. 811-7183]

    Summary: Each applicant seeks an order declaring that it has ceased 
to be an investment company. On July 13, 2000, each applicant 
transferred its assets to Merrill Lynch Global Allocation Fund, Inc., 
based on net asset value. Expenses of $51,980 and $51,843, 
respectively, incurred in connection with the reorganizations were paid 
by the surviving fund.
    Filing Date: The applications were filed on May 7, 2002.
    Applicant's Address: 800 Scudders Mill Rd., Plainsboro, NJ 08543-
9011.

Olde Custodian Fund [File No. 811-5256]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. By September 13, 2001, all shareholders of 
applicant (other than applicant's distributor) had redeemed their 
shares at net asset value. Expenses of approximately $38,158 incurred 
in connection with the liquidation were paid by Olde Asset Management, 
applicant's investment adviser, and H.R. Block Financial Advisors, 
Inc., applicant's distributor.
    Filing Date: The application was filed on April 24, 2002.
    Applicant's Address: 751 Griswold, Detroit, MI 48226.

Global Utility Fund, Inc. [File No. 811-5695]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On September 21, 2001, applicant transferred 
its assets to Prudential Utility Fund, a series of Prudential Sector 
Funds, Inc., based on net asset value. Expenses of $328,125 incurred in 
connection with the reorganization were paid by applicant and the 
acquiring fund.
    Filing Date: The application was filed on April 30, 2002.
    Applicant's Address: Gateway Center Three, 100 Mulberry Street, 
Newark, NJ 07102-4077.

Program for the Accumulation of Shares of Technology Fund [File No. 
811-1146]

    Summary: Applicant, a unit investment trust, seeks an order 
declaring that it has ceased to be an investment company. On June 8, 
2001, applicant made a liquidating distribution to its shareholders 
based on net asset value. Expenses of $150 incurred in connection with 
the liquidation were paid by applicant's depositor, Deutsche Investment 
Management Americas Inc.
    Filing Date: The application was filed on April 22, 2002.
    Applicant's Address: c/o Deutsche Investment Management Americas 
Inc., 222 South Riverside Plaza, Chicago, IL 60606.

Battery Park Funds, Inc. [File No. 811-7675]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On November 29, 2001, applicant made a 
liquidating distribution to its shareholders based on net asset value. 
Expenses of $59,000 incurred in connection with the liquidation were 
paid by applicant's investment adviser, Nomura Corporate Research and 
Asset Management Inc.
    Filing Dates: The application was filed on December 26, 2001, and 
amended on May 29, 2002.
    Applicant's Address: Nomura Corporate Research and Asset Management 
Inc., 33 Wood Ave. South, 4th Floor, Iselin, NJ 08830.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 02-14136 Filed 6-5-02; 8:45 am]
BILLING CODE 8010-01-P