[Federal Register Volume 68, Number 215 (Thursday, November 6, 2003)]
[Notices]
[Pages 62858-62860]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-27991]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. IC-26235]


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

October 31, 2003.
    The following is a notice of applications for deregistration under 
section 8(f) of the Investment Company Act of 1940 for the month of 
October, 2003. 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

[[Page 62859]]

copy of the request, personally or by mail. Hearing requests should be 
received by the SEC by 5:30 p.m. on November 24, 2003, 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 20549-0504.

Vega Capital Corporation [File No. 811-2508]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. Pursuant to 
an order of the United States District Court for the Southern District 
of New York (the ``Court'') dated February 24, 2000, the Court 
appointed the U.S. Small Business Administration as receiver of 
applicant. The order instructed the receiver to assume and control the 
operation of applicant and wind-up applicant's business. An order 
relating to the winding-up of the receivership was entered by the Court 
on September 29, 2003. Applicant's liabilities are greater than its 
assets, therefore no liquidating distribution was made to its 
shareholders. Expenses of $8,955 incurred in connection with the 
liquidation were paid by applicant.
    Filing Dates: The application was filed on August 26, 2003 and 
amended on October 24, 2003.
    Applicant's Address: U.S. Small Business Administration, Receiver 
for Vega Capital Corporation, 666 Eleventh St., NW., Suite 200, 
Washington, DC 20001.

ARK Funds [File No. 811-7310]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On August 15, 2003 and August 22, 2003, 
applicant transferred its assets to corresponding series of MTB Group 
of Funds (formerly Vision Group of Funds), based on net asset value. 
Expenses of $130,000 incurred in connection with the reorganization 
were paid by M&T Bank, applicant's custodian.
    Filing Dates: The application was filed on September 26, 2003, and 
amended on October 22, 2003.
    Applicant's Address: 25 South Charles St., Baltimore, MD 21201.

Scioto Investment Company [File No. 811-2670]

    Summary: Applicant, a closed-end investment company, 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. Applicant will continue to operate as a 
management investment company in reliance on section 3(c)(1) of the 
Act.
    Filing Dates: The application was filed on October 2, 2003, and 
amended on October 23, 2003.
    Applicant's Address: 4561 Lanes End St., Columbus, OH 43220-4254.

The Italy Fund Inc. [File No. 811-4517]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. On February 
24, 2003, applicant made a liquidating distribution to its 
shareholders, based on net asset value. Applicant has placed the 
unclaimed assets of its former shareholders who have not yet 
surrendered their share certificates with PFPC Global Fund Services. 
Any unclaimed assets remaining at the end of three years will be 
presumed abandoned and will escheat to the appropriate jurisdiction in 
accordance with relevant New York and Maryland state law. Expenses of 
$130,500 incurred in connection with the liquidation were paid by 
applicant.
    Filing Dates: The application was filed on July 24, 2003, and 
amended on October 21, 2003.
    Applicant's Address: 125 Broad St., New York, NY 10004.

Pioneer Large Cap Value Fund [File No. 811-9875]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On September 24, 2003, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Expenses of $4,000 incurred in connection with the liquidation were 
paid by Pioneer Investment Management, Inc., applicant's investment 
adviser.
    Filing Date: The application was filed on October 1, 2003.
    Applicant's Address: 60 State St., Boston, MA 02109.

Davis International Series, Inc. [File No. 811-8870]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On July 18, 2003, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Expenses of $3,120 incurred in connection with the liquidation were 
paid by applicant.
    Filing Dates: The application was filed on August 20, 2003, and 
amended on October 14, 2003.
    Applicant's Address: 2949 East Elvira Rd., Suite 101, Tucson, AZ 
85706.

Pioneer Small Cap Growth Fund [File No. 811-21106]

Pioneer Aggressive Growth Fund [File No. 811-21107]

    Summary: Each applicant seeks an order declaring that it has ceased 
to be an investment company. Applicants have never made a public 
offering of their securities and do not propose to make a public 
offering or engage in business of any kind.
    Filing Date: The applications were filed on September 12, 2003.
    Applicants' Address: 60 State St., Boston, MA 02109.

Quintara Funds [File No. 811-10563]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On February 25, 2003, applicant made a 
liquidating distribution to its shareholders based on net asset value. 
Expenses of $530 incurred in connection with the liquidation were paid 
by applicant's investment adviser.
    Filing Date: The application was filed on October 8, 2003.
    Applicant's Address: 615 E. Michigan St., Milwaukee, WI 53202.

Trust for Investment Managers [File No. 811-9393]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On June 28, 2002, applicant transferred its 
assets to Gilford Oakwood Equity Fund, a series of Advisors Series 
Trust, based on net asset value. Expenses of $96,047 incurred in 
connection with the reorganization were paid by U.S. Bancorp Fund 
Services, LLC, applicant's administrator.
    Filing Dates: The application was filed on July 10, 2003, and 
amended on October 2, 2003.
    Applicant's Address: 615 East Michigan St., Milwaukee, WI 53202.

[[Page 62860]]

Asset Allocation Portfolio [File No. 811-6646]

Growth Stock Portfolio [File No. 811-6647]

Bond Portfolio [File No. 811-6648]

Utilities Portfolio [File No. 811-9028]

The Growth Portfolio [File No. 811-9829]

The Aggressive Growth Portfolio [File No. 811-9831]

    Summary: Each applicant seeks an order declaring that it has ceased 
to be an investment company. On April 11, 2003, each applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Expenses of less than $25 were incurred by each applicant in connection 
with the liquidations.
    Filing Date: The applications were filed on September 22, 2003.
    Applicants' Address: 6125 Memorial Dr., Dublin, OH 43017.

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

Jill M. Peterson,
Assistant Secretary.
[FR Doc. 03-27991 Filed 11-5-03; 8:45 am]
BILLING CODE 8010-01-P