[Federal Register Volume 71, Number 66 (Thursday, April 6, 2006)]
[Notices]
[Pages 17502-17503]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-5006]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. IC-27277]


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

March 31, 2006.
    The following is a notice of applications for deregistration under 
section 8(f) of the Investment Company Act of 1940 for the month of 
March 2006. A copy of each application may be obtained for a fee at the 
SEC's Public Reference Branch (tel. 202-551-5850). 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 April 25, 2006, 
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, U.S. Securities and Exchange Commission, 100 F Street, NE., 
Washington, DC 20549-1090.

FOR FURTHER INFORMATION CONTACT: Diane L. Titus at (202) 551-6810, SEC, 
Division of Investment Management, Office of Investment Company 
Regulation, 100 F Street, NE., Washington, DC 20549-4041.

Noah Investment Group, Inc. [File No. 811-8058]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On June 10, 2005, applicant transferred its 
assets to Timothy Plan Large/Mid-Cap Growth Fund, a series of the 
Timothy Plan, based on net asset value. Expenses of $15,525 incurred in 
connection with the reorganization were paid by Polestar Management 
Company, Inc., applicant's investment adviser.
    Filing Date: The application was filed on March 13, 2006.
    Applicant's Address: 975 Delchester Rd., Newton Square, PA 19073.

Opus Investment Trust [File No. 811-21214]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On January 26, 2006, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Expenses of approximately $1,840 incurred in connection with the 
liquidation were paid by applicant.
    Filing Dates: The application was filed on February 13, 2006, and 
amended on March 16, 2006.
    Applicant's Address: 440 Lincoln St., Worcester, MA 01653.

Progressive Capital Accumulation Trust [File No. 811-972]

    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. 
Applicant will continue to operate as a private investment company in 
reliance on section 3(c)(1) of the Act.
    Filing Dates: The application was filed on February 10, 2006, and 
amended on March 14, 2006.
    Applicant's Address: 579 Pleasant St., Suite 4, Paxton, MA 01612.

Franklin Floating Rate Trust [File No. 811-8271]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. On June 2, 
2005, applicant transferred its assets to Franklin Floating Rate Daily 
Access Fund, a series of Franklin Investors Securities Trust, based on 
net asset value. Expenses of $356,674 incurred in connection with the 
reorganization were paid by applicant, the acquiring fund and Franklin 
Advisers, Inc., investment adviser for applicant and the acquiring 
fund.
    Filing Date: The application was filed on February 22, 2006.
    Applicant's Address: One Franklin Parkway, San Mateo, CA 94403-
1906.

Franklin Multi-Income Trust [File No. 811-5873]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. On July 21, 
2005, applicant's outstanding senior notes were prepaid in full in 
accordance with the terms of its senior note agreement. On August 4, 
2005, applicant transferred its assets to Franklin Income Fund, a 
series of Franklin Custodian Funds, Inc., based on net asset value. 
Expenses of $104,915 incurred in connection with the reorganization 
were paid by applicant, the acquiring fund and Franklin Advisers, Inc., 
investment adviser for applicant and the acquiring fund.
    Filing Date: The application was filed on February 22, 2006.
    Applicant's Address: One Franklin Parkway, San Mateo, CA 94403-
1906.

First Trust Advantage Series 1 and Subsequent Series [File No. 811-
2749]

    Summary: Applicant, a unit investment trust, seeks an order 
declaring that it has ceased to be an investment company. On July 21, 
2004, applicant made a final liquidating distribution to its 
unitholders, based on net asset value. Applicant incurred no expenses 
in connection with the liquidation.

[[Page 17503]]

    Filing Date: The application was filed on March 1, 2006.
    Applicant's Address: First Trust Portfolios, L.P., 1001 Warrenville 
Rd., Suite 300, Lisle, IL 60532.

Muni California Intermediate Duration Fund, Inc. [File No. 811-21347]

    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 or engage in business of any kind.
    Filing Dates: The application was filed on January 3, 2006, and 
amended on March 8, 2006.
    Applicant's Address: 800 Scudders Mill Rd., Plainsboro, NJ 08543-
9011.

Global Capital and Income Strategies Fund, Inc. [File No. 811-21578]

    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 or engage in business of any kind.
    Filing Dates: The application was filed on January 3, 2006, and 
amended on March 8, 2006.
    Applicant's Address: 800 Scudders Mill Rd., Plainsboro, NJ 08543-
9011.

Fidelity Government Securities Fund [File No. 811-2869]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On November 28, 1997, applicant transferred 
its assets to a corresponding series of the Fidelity Income Fund, based 
on net asset value. Expenses of approximately $12,000 incurred in 
connection with the reorganization were paid by applicant.
    Filing Dates: The application was filed on November 30, 2005, and 
amended on February 22, 2006.
    Applicant's Address: 82 Devonshire St., Boston, MA 02109.

Hillview Investment Trust II [File No. 811-9901]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On November 25, 2005, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Expenses of $3,000 incurred in connection with the liquidation were 
paid by applicant and Hillview Capital Advisors, LLC, applicant's 
investment adviser.
    Filing Dates: The application was filed on January 25, 2006, and 
amended on March 3, 2006.
    Applicant's Address: c/o PFPC Inc., 400 Bellevue Parkway, 
Wilmington, DE 19809.

TD Waterhouse Trust [File No. 811-9519]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On July 8, 2005, applicant's six series 
transferred their assets to corresponding series of T. Rowe Price Index 
Trust, Inc., T. Rowe Price International Index Fund, Inc., or T. Rowe 
Price U.S. Bond Index Fund, Inc., based on net asset value. Expenses of 
$534,576 incurred in connection with the reorganization were paid by TD 
Waterhouse Investor Services, Inc., an affiliate of applicant's 
investment adviser.
    Filing Dates: The application was filed on November 29, 2005, and 
amended on March 6, 2006.
    Applicant's Address: 100 Wall St., New York, NY 10005.

Variable Life Account C of ING Life Insurance and Annuity Company [File 
No. 811-9665]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. Prior to April 30, 2003, each existing group 
life certificate was surrendered and the amount of insurance in effect 
was converted to a substantially comparable flexible premium general 
account life insurance policy. Expenses of $4,000 incurred in 
connection with the liquidation were paid by ING Life Insurance and 
Annuity Company.
    Filing Dates: The application was filed on February 6, 2006 and 
amended on March 13, 2006.
    Applicant's Address: 151 Farmington Avenue, Hartford, CT 06156.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Nancy M. Morris,
Secretary.
 [FR Doc. E6-5006 Filed 4-5-06; 8:45 am]
BILLING CODE 8010-01-P