[Federal Register Volume 67, Number 174 (Monday, September 9, 2002)]
[Notices]
[Pages 57253-57255]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-22845]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. IC-25724]


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

August 30, 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 
August, 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 September 24, 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.

CDC Kobrick Investment Trust [File No. 811-8435]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On November 16, 2001, each series of 
applicant transferred its assets to a corresponding series of CDC NVEST 
Funds Trust I, based on net asset value. Expenses of $632,656 incurred 
in connection with the reorganization were paid by Kobrick Funds LLC 
and CDC IXIS Asset Management North America, L.P., applicant's 
investment advisers.
    Filing Dates: The application was filed on July 25, 2002, and 
amended on August 20, 2002.
    Applicant's Address: CDC IXIS Asset Management Services, Inc., 399 
Boylston St., Boston, MA 02116.

Merrill Lynch Premier Growth Fund, Inc. [File No. 811-9653]

Master Premier Growth Trust [File No. 811-9733]

    Summary: Applicants, a feeder fund and a master fund, respectively, 
in a master-feeder structure, seek an order declaring that each has 
ceased to be an investment company. On May 20, 2002, applicants 
transferred their assets to Merrill Lynch Large Cap Growth Fund, a 
series of Merrill Lynch Large Cap Series Funds, Inc., based on net 
asset value. Expenses of $235,933 incurred in connection with the 
reorganization will be paid by the surviving fund.

[[Page 57254]]

    Filing Date: The applications were filed on August 7, 2002.
    Applicants' Address: 800 Scudders Mill Rd., Plainsboro, NJ 08536.

Merrill Lynch Mid Cap Growth Fund, Inc. [File No. 811-10025]

Master Mid Cap Growth Trust [File No. 811-10125]

    Summary: Applicants, a feeder fund and a master fund, respectively, 
in a master-feeder structure, seek an order declaring that each has 
ceased to be an investment company. On May 20, 2002, applicants 
transferred their assets to Merrill Lynch Large Cap Growth Fund, a 
series of Merrill Lynch Large Cap Series Funds, Inc., based on net 
asset value. Expenses of $99,206 incurred in connection with the 
reorganization will be paid by the surviving fund.
    Filing Date: The applications were filed on August 7, 2002.
    Applicants' Address: 800 Scudders Mill Rd., Plainsboro, NJ 08536.

Centennial Capital Appreciation Fund, Inc. [File No. 811-3545]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On August 15, 1986, applicant transferred its 
assets to Oppenheimer Variable Accounts Fund, based on net asset value. 
Expenses of less than $7,300 incurred in connection with the 
reorganization were paid by applicant.
    Filing Dates: The application was filed on September 7, 2001, and 
amended on August 9, 2002.
    Applicant's Address: Centennial Asset Management Corporation, 6803 
S. Tucson Way, Englewood, CO 80112.

MuniYield Sunshine Fund, Inc. (Formerly MuniYield California Insured 
Fund, Inc.) [File No. 811-6645]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. On February 
4, 2002, applicant transferred its assets to MuniYield California 
Insured Fund, Inc. (formerly MuniYield California Insured Fund II, 
Inc.) based on net asset value. Applicant's shareholders who held 
auction market preferred stock (``AMPS'') received the equivalent 
number of a newly created series of AMPS of the acquiring fund. 
Expenses of $257,483 incurred in connection with the reorganization 
were paid by the acquiring fund.
    Filing Date: The application was filed on August 2, 2002.
    Applicant's Address: 800 Scudders Mill Rd., Plainsboro, NJ 08536.

Franklin Capital Corporation [File No. 811-5103]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company, as of 
November 18, 1997, the date applicant elected to be regulated as a 
business development company.
    Filing Date: The application was filed on August 2, 2002.
    Applicant's Address: 450 Park Ave., 10th Floor, New York, NY 10022.

AH&H Partners Fund Limited Partnership [File No. 811-7579]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. Between 
January 18, 2002 and March 31, 2002, applicant made liquidating 
distributions to its limited partners, based on net asset value. 
Applicant has 59 remaining limited partners. Applicant's remaining 
assets consist of illiquid securities which will be liquidated and the 
proceeds distributed to the partners. Applicant incurred no expenses in 
connection with the liquidation.
    Filing Dates: The application was filed on March 8, 2002, and 
amended on June 18, 2002, August 1, 2002 and August 2, 2002.
    Applicant's Address: Adams, Harkness & Hill, Inc., 60 State St., 
Boston, MA 02109.

Gintel ERISA Fund [File No. 811-3279]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On September 30, 1996, applicant transferred 
its assets to Gintel Fund, based on net asset value. Expenses of 
$113,125 incurred in connection with the reorganization were paid by 
applicant and the acquiring fund.
    Filing Dates: The application was filed on June 6, 2002, and 
amended on August 1, 2002.
    Applicant's Address: 6 Greenwich Office Park, Greenwich, CT 06831.

The Aronhalt Trust [File No. 811-10483]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On May 23, 2002 and June 25, 2002, applicant 
made liquidating distributions to its shareholders based on net asset 
value. Expenses of approximately $5,000 incurred in connection with the 
liquidation were paid by Aronhalt Capital Management, Inc., applicant's 
investment adviser.
    Filing Date: The application was filed on July 17, 2002.
    Applicant's Address: 13 Eavenson Way, Glen Mills, PA 19342.

Independence One Mutual Funds [File No. 811-5752]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. By June 17, 2002, each of applicant's 
portfolios had transferred its assets to a corresponding portfolio of 
ABN AMRO Funds or 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 July 16, 2002.
    Applicant's Address: 5800 Corporate Dr., Pittsburgh, PA 15237-7001.

Merrill Lynch Short-Term Global Income Fund, Inc. [File No. 811-6089]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On June 17, 2002, applicant transferred its 
assets to Merrill Lynch Low Duration Fund, a series of Merrill Lynch 
Investment Managers Funds, Inc., based on net asset value. Expenses of 
$208,188 incurred in connection with the reorganization will be paid by 
the surviving fund.
    Filing Date: The application was filed on July 19, 2002.
    Applicant's Address: Merrill Lynch Investment Managers, L.P., 800 
Scudders Mill Rd., Plainsboro, NJ 08536.

UAM Funds, Inc. II [File No. 811-8605]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On June 24, 2002, each portfolio of applicant 
transferred its assets to a corresponding portfolio of The Advisors' 
Inner Circle Fund, based on net asset value. Expenses of $101,170 
incurred in connection with the reorganization were paid by Old Mutual 
(US) Holdings Inc., parent of applicant's investment adviser.
    Filing Date: The application was filed on July 26, 2002.
    Applicant's Address: One Freedom Valley Dr., Oaks, PA 19456.

UAM Funds, Inc. [File No. 811-5683]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On June 24, 2002, fifteen of applicant's 
sixteen portfolios transferred their assets to corresponding portfolios 
of The Advisors' Inner Circle Fund, based on net asset value. On June 
25, 2002, applicant's remaining portfolio, Dwight Limited Maturity Bond 
Portfolio, made a liquidating distribution to its shareholders, based 
on net asset value. Expenses of $457,873

[[Page 57255]]

incurred in connection with the reorganization and liquidation were 
paid by Old Mutual (US) Holdings Inc., parent of applicant's investment 
adviser.
    Filing Date: The application was filed on July 26, 2002.
    Applicant's Address: One Freedom Valley Dr., Oaks, PA 19456.

Putnam Preferred Income Fund [File No. 811-3873]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On May 17, 2002, applicant made a liquidating 
distribution to its shareholders, based on net asset value. Applicant 
has retained assets in the amount of $44,250 to pay outstanding 
liabilities. Applicant incurred no expenses in connection with the 
liquidation.
    Filing Dates: The application was filed on May 31, 2002, and 
amended on July 25, 2002.
    Applicant's Address: One Post Office Sq., Boston, MA 02109.

Friends Ivory Funds [File No. 811-9601]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On March 29, 2002, applicant made a 
liquidating distribution to its shareholders based on net asset value. 
Expenses of $5,000 incurred in connection with the liquidation were 
paid by Friends Ivory Social Awareness Fund and Friends Ivory European 
Social Awareness Fund.
    Filing Dates: The application was filed on July 3, 2002, and 
amended on July 26, 2002.
    Applicant's Address: 1209 Orange St., Wilmington, DE 19801.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.

Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 02-22845 Filed 9-6-02; 8:45 am]
BILLING CODE 8010-01-P