[Federal Register: October 26, 1999 (Volume 64, Number 206)]
[Notices]               
[Page 57668]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr26oc99-103]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Submission for OMB Review; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of Filings and Information Services, Washington, DC 
20549

Extension:
    Rule 18f-1 and Form N-18F-1, SEC File No. 270-187, OMB Control 
No. 3235-0211

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995 (44 U.S.C. 3501-3520), the Securities and Exchange Commission 
(``Commission'') has submitted to the Office of Management and Budget 
(``OMB'') a request for extension of the previously approved collection 
of information discussed below.
    Rule 18f-1 [17 CFR 270.18f-1] enables a registered open-end 
management investment company (``fund'') that may redeem its securities 
in kind, by making a one-time election, to commit to make cash 
redemptions pursuant to certain requirements without violating section 
18(f) of the Investment Company Act of 1940. A fund relying on the rule 
must file Form N-18F-1 [17 CFR 274.51] to notify the Commission of this 
election. The Commission staff estimates that approximately 106 funds 
file the Form annually, and that each response takes approximately one 
hour. Based on these estimates, the total annual burden hours 
associated with the rule is estimated to be 106 hours.
    The estimate of average burden hours is made solely for the 
purposes of the Paperwork Reduction Act, and is not derived from a 
comprehensive or even a representative survey or study of the costs of 
Commission rules. The collection of information required by rule 18f-1 
is necessary to obtain the benefits of the rule. Responses will not be 
kept confidential. An agency may not conduct or sponsor, and a person 
is not required to respond to, a collection of information unless it 
displays a currently valid control number.
    Please direct general comments regarding the above information to 
the following persons: (i) Desk Officer for the Securities and Exchange 
Commission, Office of Information and Regulatory Affairs, Office of 
Management and Budget, Room 3208, New Executive Office Building, 
Washington, DC 20503; and (ii) Michael E. Bartell, Associate Executive 
Director, Office of Information Technology, Securities and Exchange 
Commission, 450 Fifth Street, N.W., Washington, DC 20549. Comments must 
be submitted to OMB within 30 days of this notice.

    Dated: October 18, 1999.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 99-27880 Filed 10-25-99; 8:45 am]
BILLING CODE 8010-01-M