FR Doc 02-28484

[Federal Register: November 8, 2002 (Volume 67, Number 217)]
[Notices]
[Page 68213-68217]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr08no02-141]

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SECURITIES AND EXCHANGE COMMISSION

[Rel. No. IC-25792; File No. 812-12875]

Allstate Life Insurance Company, et al.; Notice of Application

November 4, 2002.
AGENCY: Securities and Exchange Commission (``SEC'' or ``Commission'').

ACTION: Notice of application for an amended order under Section 6(c)
of the Investment Company Act of 1940, as amended (``Act'') granting
exemptions from the provisions of Sections 2(a)(231) and 27(i)(2)(A) of
the Act and Rule 22c-1 thereunder.

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Applicants: Allstate Life Insurance Company (``Allstate''), Allstate
Life Insurance Company of New York (``Allstate Life of New York''),
Glenbrook Life & Annuity Company (``Glenbrook''), Lincoln Benefit Life
Company (``Lincoln Benefit''), Northbrook Life Insurance Company
(``Northbrook,'' together with Allstate, Allstate Life of New York,
Glenbrook and Lincoln Benefit, the ``Life Companies''), Allstate Life
Insurance Company Separate Account A (``Allstate Separate Account A''),
and Allstate Distributors, L.L.C., (``Allstate Distributors'')
(collectively, the ``Applicants'').
Summary of Application: Applicants seek an order to amend an Existing
Order (described below) to grant exemptions from the provisions of
Sections 2(a)(32) and 27(i)(2)(A) of the Act and Rule 22c-1 thereunder
to the extent necessary to permit Applicants to recapture certain
bonuses applied to contributions made under (a) certain amended
deferred variable annuity contracts an certificates, described herein,
including certain amended certificate data pages and endorsements, that
Allstate will issue in the future through Allstate Separate Account A
(the ``Amended Contracts''), and (b) under contracts and certificates,
including certain certificate data pages and endorsements, that the
Life Companies may issue in the future through any separate account of
the Life Companies (``Future Account'') and that are substantially
similar in all material respects to the Amended Contracts (``Future
Contracts''). Applicants also request that the order being sought
extend to the Allstate LifeContracts,'' ``Future Contracts''
(hereinafter ``Future Contracts Covered by the Existing Order''), and
``Affiliated Broker-Dealers'' as defined in the application for the
Existing Order (``Prior Application'') which definitions are described
below, and to broker-dealers who are not affiliated with the Life
Companies (``Unaffiliated Broker-Dealers'').

Filing Date: The application (``Application'') was filed on August 28,
2002.

Hearing or Notification of Hearing: An order granting the Application
will be issued unless the Commission orders a hearing. Interested
persons may request a hearing by writing to the Secretary of the
Commission and serving Applicants with a copy of the request,
personally or by mail. Hearing requests must be received by the
Commission by 5:30 p.m. on December 4, 2002, and should be accompanied
by proof of service on Applicants in the form of an affidavit or, for
lawyers, a certificate of service. Hearing requests should state the
nature of the requester'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 of the Commission.

ADDRESSES: Secretary, Securities and Exchange Commission, 450 Fifth
Street, NW., Washington, DC 20549-0609. Applicants, Angela King, Esq.,
Assistant Counsel, Allstate Life Insurance Company, 3100 Sanders Road,
Northbrook, Illinois 60062; with a copy to Richard T. Choi, Esq., Foley
& Lardner, 3000 K Street, NW, Suite 500, Washington, DC 20007.

FOR FURTHER INFORMATION CONTACT: Alison Toledo, Senior Counsel, or
Lorna MacLeod, Branch Chief, Office of Insurance Products, Division of
Investment Management, at (202) 942-0670.

SUPPLEMENTARY INFORMATION: The following is a summary of the
Application. The complete Application is available for a fee from the
Public Reference Branch of the Commission, 450 Fifth Street, NW.,
Washington, DC 20549-0102, (202) 942-8090.

Applicant's Representations

1. On June 5, 2001, the Commission issued an order (``Existing
Order'') \1\ exempting certain transactions of the Life Companies, the
Existing Separate Accounts (defined below), Allstate Distributors, and
ALFS, Inc. (``ALFS'') (collectively, the ``Prior Applicants''), from
the provisions of Sections 2(a)(32) and 27(i)(2)(A) of the Act and Rule
22c-1, thereunder. The Existing Order provides relief to the extent
necessary to permit the recapture, under specified circumstances, of
certain credits

[[Page 68214]]

(``Credits'') applied to contributions made under Contracts or Future
Contracts Covered by the Existing Order (defined below).
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\1\ Allstate Life Insurance Company, Investment Company Act
Release No. 24998 (June 5, 2001)(File No. 812-12386).
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2. As described in the Prior Application, Allstate, Allstate New
York, Lincoln Benefit, and Northbrook are all stock life insurance
companies organized under the law of Illinois, New York, Nebraska, and
Illinois respectively. Glenbrook is a stock life insurance company
organized under the laws of Illinois and redomesticated under the laws
of Arizona in 1998.
3. The Existing Order covers ``Contracts,'' which the Prior
Application defines to mean certain deferred variable annuity contracts
and certificates issued by Allstate, Lincoln Benefit, and Glenbrook
(hereinafter, the ``Allstate Contracts, the ``Lincoln Benefit
Contracts,'' and the ``Glenbrook Contracts,'' respectively). The
Existing Order also covers ``Future Contracts covered by the Existing
Order,'' which the Prior Application defines to mean certain other
deferred variable annuity contracts and certificates that the Life
Companies may issue in the future through the Existing Separate
Accounts (defined below) or through other separate accounts that the
Life Companies may establish in the future, and that are substantially
similar in all material respects to the Contracts. The Existing Order
also covers ``Affiliated Broker-Dealers,'' which, under the Prior
Application, means any other NASD member broker-dealer controlling or
controlled by, or under common control with, Allstate whether existing
or created in the future, that serves as a distributor or principal
underwriter for Contracts or Future Contracts Covered by the Existing
Order.
4. The Existing Separate Accounts covered by the Existing Order
include: Allstate Separate Account A, Allstate Life Insurance Company
of New York Separate Account A (``ALNY Separate Account''), Glenbrook
Life & Annuity Company Variable Annuity Account, Glenbrook Life Multi-
Manager Variable Account, Glenbrook Life & Annuity Company Separate
Account A (``Glenbrook Separate Account A''), Glenbrook Scudder
Variable Account (A), and Lincoln Benefit Life Variable Annuity Account
(``Lincoln Separate Account'') (collectively, the ``Existing Separate
Accounts''). Glenbrook Life & Annuity Company Variable Annuity Account,
Glenbrook Life Multi-Manager Variable Account, Glenbrook Separate
Account A, and Glenbrook Scudder Variable Account (A) are hereinafter
referred to as the ``Glenbrook Separate Accounts.''
5. Each of the Existing Separate Accounts is a segragated asset
account of the corresponding Life Company that serves as its depositor,
and each is registered with the Commission as unit investment trust
under the 1940 Act. Each of the Existing Separate Accounts is divided
into multiple subaccounts, each of which invests in shares of a
corresponding portfolio (``Portfolio'') that serves as an investment
option under Contracts issued through the separate account.
6. As described in the Prior Application, Allstate Distributors and
ALFS each serves as distributor of certain deferred variable annuity
contracts, including certain Contracts, issued by the Life Companies
through the Existing Separate Accounts. Each is registered with the
Commission as a broker-dealer under the Securities Exchange Act of 1934
(the ``1934 Act'') and is a member of the National Association of
Securities Dealers, Inc. (``NASD''). The Contracts issued by Allstate
are offered through registered representatives of broker-dealers that
are registered under the 1934 Act and members of the NASD, and that
have selling agreements with Allstate Distributors. The Contracts
(other than the Contracts issued by Allstate) are offered through
registered representatives of broker-dealers that are registered under
the 1934 Act and members of the NASD, and that have selling agreements
with ALFS.
7. As described in the Prior Application, all of the Life
Companies, Allstate Distributors, and ALFS are direct or indirect
wholly-owned subsidiaries of Allstate Insurance Company.
8. The variable portions of the Lincoln Benefit Contracts,
Glenbrook Contracts, and Allstate Contracts are registered under the
Securities Act of 1933 (the ``1933 Act''). The variable portions of the
Future Contracts Covered by the Existing Order also will be registered
under the 1933 Act. That portion of the assets of each Existing
Separate Account that is equal to the reserves and other contract
liabilities with respect to Contracts is not chargeable with
liabilities arising out of any other business of the corresponding Life
Company. Any income, gains or losses, realized or unrealized, from
assets allocated to a Existing Separate Account will be, in accordance
with such Account's Contracts, credited to or charged against such
Existing Separate Account, without regard to other income, gains or
losses of the corresponding Life Company.
9. Under the Allstate Contracts, Glenbrook Contracts, and Lincoln
Benefit Contracts, each time the relevant Life Company receives a
purchase payment from an owner of such a Contract, it will add the
applicable Credit to the owner's contract value, and will allocate the
Credit among the available Portfolios according to the allocation
instructions in effect for the purchase payments. Each Life Company
will fund Credits from its general account assets.
10. Under the Allstate Contracts and Lincoln Benefit Contracts, the
Credit is equal to 4% of the purchase payment amount. Under the
Glenbrook Contracts, there are two credit options available as follows:
a. Under option 1, Glenbrook will add to the owner's contract value
a Credit equal to 4% of the purchase payment amount.
b. Under option 2, Glenbrook will add to the owner's contract value
a Credit equal to 2% of the purchase payment amount. In addition, on
every 5th contract anniversary during the accumulation phase, Glenbrook
will add to the owner's contract value a Credit equal to 2% of the
owner's contract value as of such contract anniversary.
11. The Allstate Contracts, Glenbrook Contracts, and Lincoln
Benefit Contracts all provide for various surrender options, annuity
benefits and annuity payout options, as well as transfer privileges
among subaccounts, dollar cost averaging, and other features.
12. The Allstate Contracts contain the following charges: (a) A
withdrawal charge as a percentage of purchase payments surrendered,
which is 8% in years one, two, and three, 7% in year four, 6% in year
five, 5% in year six, 3% in year eight, and 9% thereafter; (b) a
mortality and expense risk fee of 1.60% annually; and (c) a transfer
fee of .50% of the amount transferred on transfers in excess of twelve
within a calendar year. (The Allstate Contract does not assess an
annual contract maintenance charge or annual administrative fee.)
13. The Lincoln Benefit Contracts contain the following charges:
(a) A contingent deferred sales charge as a percentage of purchase
payments surrendered, which is 8% in year one, 7% in years two and
three, 6% in years four and five, 5% in year six, 4% in year seven, 3%
in year eight, and 0% thereafter; (b) a $35 annual administrative
charge (which is waived if total purchase payments exceed $50,000); (c)
a mortality and expense risk fee of 1.30% annually; (d) an
administrative charge of 0.10% annually; and (e) a transfer fee of $10
per transfer with certain exceptions, which currently is being waived.

[[Page 68215]]

14. The Glenbrook Contracts contain the following charges: (a) A
withdrawal charge as a percentage of purchase payment surrendered,
which is 8% in year one and two, 7% in years three and four, 6% in year
five, 5% in year six, 4% in year seven, 3% in year eight, and 0%
thereafter; (b) a $35 annual administrative charge (which is waived if
total purchase payments exceed $50,000); (c) a mortality and expense
risk fee of 1.40% annually; and (d) a transfer fee of $10 on transfers
in excess of twelve in any Contract year, which currently is being
waived.
15. Under the Allstate Contracts, Glenbrook Contracts and Lincoln
Benefit Contracts, each Life Company also deducts any applicable state
or local premium taxes up to 4.0%, depending on the owner's state of
residence or the state in which the Contract was sold. In addition,
assets invested in the subaccounts are charged with the operating
expenses of the Portfolios.
16. The Existing Order provides exemptive relief to the extent
necessary to permit the recapture of Credits if an Allstate Contract is
returned during the free look period.
17. Applicants believe that the Allstate Contracts covered by the
Existing Order and the Amended Contracts are substantially similar in
all material respects relevant to the Existing Order and that the
Amended Contracts would constitute Future Contracts covered by the
Existing Order. Nevertheless, Applicants are filing the Application to
avoid any uncertainty that may arise as a result of the following
differences between the Allstate Contracts and the Amended Contracts:

(a) Separate Account Charges

Allstate Contracts have a mortality and expense risk charge at the
annual rate of 1.60% and no administrative expense charge. Amended
Contracts have a lower mortality and expense risk charge at the annual
rate of 1.40%, and an administrative expense charge of 0.19%. Allstate
reserves the right to raise the administrative expense charge to 0.35%.
However, Allstate will not increase the charge for a Contract once it
issues a Contract.

(b) Death Benefit Options and Death Benefit Charges

Allstate Contracts offer a basic death benefit including a
``maximum anniversary value'' death benefit at no additional charge,
and an ``enhanced beneficiary protection option'' for an additional
morality and expense risk charge at the annual rate of 0.15%. Amended
Contracts offer a basic death benefit. The Amended Contracts also offer
the following optional death benefits for the following additional
mortality and expense risk charges:

MAV Death Benefit Option.................. 0.15% (up to 0.30% for
Options added in the
future).
Enhanced Beneficiary Protection Option.... 0.15% (up to 0.30% for
Options added in the
future).
Earnings Protection Death Benefit Option 0.25% (up to 0.35% for
(issue age 0-70). Options added in the
future).
Earnings Protection Death Benefit Option 0.40% (up to 0.50% for
(issue age 71-79). Options added in the
future).
Spousal Protection Benefit Option......... 0.00% (up to 0.15% for
Options added in the
future).

Allstate Contracts offer nine income plans to receive payments.
Amended Contracts offer seven income plans to receive income payments,
and allow owners to modify the length and frequency of income payments
during the payout phase. Allstate Contracts offer a Retirement Income
Guarantee (``RIG'') Rider for a rider fee at the annual rate of 0.05%
of the income base in effect on each Contract anniversary, and a second
RIG Rider for a rider fee at the annual rate of 0.30% of the income
base in effect on each Contract anniversary. Amended Contracts offer
different RIG options with different charges. Amended Contracts offer a
RIG Option for a rider fee at the annual rate of 0.25% (up to 0.50% for
Options added in the future) of the income base in effect on a Contract
anniversary, and a second RIG Option for an additional rider fee at the
annual rate of 0.45% (up to 0.75% for Options added in the future) of
the income base in effect on a Contract anniversary. Amended Contracts
also offer an Income Protection Benefit Option for a charge of 0.50%
(up to 0.75% for Options added in the future) of the average daily net
separate account assets supporting the variable income payments to
which the Income Protection Benefit Option applies. The charge for the
Income Protection Benefit Option applies during the payout phase.

(d) Contract Maintenance Charge

Allstate Contracts do not impose a contract maintenance fee.
Amended Contracts have an annual contract maintenance fee of $30
(deducted from account value on each contract anniversary, or upon full
surrender). The charge is waived once total purchase payments equal
$50,000 or more, or if all money is allocated to the fixed account.

(e) Transfer Charges

Under Allstate Contracts Allstate may assess a charge on transfers
among investment options equal to 0.50% of the amount transferred. The
charge applies to transfers in excess of 12 in a contract year. The
charge is currently waived. Under Amended Contracts Allstate may assess
a charge on transfers among investment options equal to 1.00% (up to
2.00% in the future) of the amount transferred. The charge applies to
transfers in excess of 12 in a contract year.

(f) Contract Withdrawal Charge

Allstate Contracts and Amended Contracts impose a withdrawal charge
equal to a percentage of contributions determined by the contract year
in which such contributions are withdrawn as follows:

Complete Years Since Allstate Received Payment Being Withdrawn
[In percent]
--------------------------------------------------------------------------------------------------------------------------------------------------------
0 1 2 3 4 5 6 7 8+
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Charge (Allstate Contracts)................... 8 8 8 7 6 5 4 3 0
Charge (Amended Contracts).................... 8.5 8.5 8.5 7.5 6.5 5.5 4 2.5 0
--------------------------------------------------------------------------------------------------------------------------------------------------------

Allstate Contracts offer an annual ``free withdrawal amount'' equal
to 15% of purchase payments. Amended Contracts offer an annual ``free
withdrawal amount'' equal to 15% of all purchase payments that are
subject to a

[[Page 68216]]

withdrawal charge as of the beginning of that contract year, plus 15%
of the purchase payments added to the contract during the contract
year.\2\
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\2\ The free withdrawal amount applicable to Charitable
Remainder Trusts is described in the prospectus for the Amended
Contracts (File No. 333-96115).
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(g) Fixed Investment Options

Allstate Contracts offer a standard fixed account option. Amended
Contracts offer a standard fixed account option, a dollar cost
averaging fixed account option, and a market value adjusted fixed
account option.

(h) Minimum Purchase Payments

Allstate Contracts require a minimum initial purchase payment of
$500 for qualified contracts. Amended Contracts require a minimum
initial purchase payment of $2,000 for qualified contracts. Subsequent
purchase payments must be at least $500 for all Allstate Contracts.
Subsequent purchase payments must be at least $1,000 for all Amended
Contracts.

(i) Change of Annuitant

Allstate Contracts permit a new annuitant to be named upon the
death of the current annuitant. Amended Contracts do not permit a
change of annuitant.

(j) Credits

Allstate Contracts offer 4% Credits on purchase payments. Under
Allstate Contracts, the oldest contract owner and oldest annuitant must
be age 85 or younger on the date Allstate receives the completed
application for the contract (``Application Date''). Amended Contracts
offer credits of up to 5% (``5% Credits'') as follows:
[sbull] 4% credits on purchase payments if the oldest contract
owner and oldest annuitant are age 85 or younger on the Application
Date,
[sbull] 2% credits on purchase payments if the oldest contract
owner or oldest annuitant is age 86 or older and both are 90 or younger
on the Application Date,
[sbull] an additional 0.5% credit on purchase payments if the
cumulative purchase payments less cumulative withdrawals exceed
$500,000, and
[sbull] an additional 1% credit on purchase payments if the
cumulative purchase payments less cumulative withdrawals exceed
$1,000,000.
18. Allstate Separate Account A will fund the variable benefits
available under the Amended Contracts. Units of interest in Allstate
Separate Account A under the Amended Contracts they fund will be
registered under the 1933 Act. Allstate may issue Future Contracts
through Allstate Separate Account A. Allstate also may issue Future
Contracts through Future Accounts.
19. That portion of the assets of Allstate Separate Account A that
is equal to the reserves and other Amended Contract liabilities with
respect to Allstate Separate Account A is not chargeable with
liabilities arising out of any other business of Allstate. Any income,
gains or losses, realized or unrealized, from assets allocated to
Allstate Separate Account A are, in accordance with Allstate Separate
Account A's Amended Contracts, credited to or charged against Allstate
Separate Account A, without regard to other income, gains or losses of
Allstate. The same will be true of any Future Account of the Life
Companies.
20. Allstate will recapture the 5% Credit if the owner returns the
Amended Contract for a refund during the free look period applicable
under state law. Allstate will not seek to recapture 5% Credits under
Amended Contracts under any other circumstance.
21. The free look period is the period during which an owner may
return an Amended Contract after it has been delivered and received a
full refund of the contract value, less any 5% Credits. No other
charges will apply to the refund, but the owner bears the investment
risk from the time of purchase until he or she returns the Amended
Contract. The owner also will bear any expenses charged with respect to
the credit amount incurred prior to return of the Amended Contract,
e.g., any mortality and expense risk charge. The refund amount may be
more or less than the purchase payment the owner made, unless state
insurance law requires that the full amount of the purchase payment be
refunded.

Applicants' Legal Analysis

1. Section 6(c) of the act authorizes the Commission to exempt any
person, security or transaction, or any class or classes of persons,
securities or transactions from the provisions of the Act and the rules
promulgated thereunder if and to the extent that such exemption is
necessary or appropriate in the public interest and consistent with the
protection of investors and the purposes fairly intended by the policy
and provisions of the Act.
2. Applicants submit that the recapture of 5% Credits under the
Amended Contracts will not raise concerns under sections 2(a)(32) and
27(i)(2)(A) of the Act, and Rule 22c-1 thereunder, for the same reasons
given in support of the Existing order, namely:
(a) It is not administratively feasible to track the 5% Credit
amount in the subaccounts of Allstate Separate Account A. Accordingly,
the asset-based charges applicable to the subaccounts will be assessed
against the entire amounts held in the subaccounts, including the 5%
Credit amount, during the ``free look'' period. As a result, during
such period, the aggregate asset-based charges assessed against an
owner's annuity account value will be higher than those that would be
charged if the owner's contract value did not include the 5% Credit.
(b) The 5% Credit recapture provisions of the Amended Contracts
would not deprive an owner of his or her proportionate share of the
issuer's current net assets. Applicants state that an owner's interest
in the 5% Credit amount allocated to his or her contract value upon
receipt of a purchase payment is not vested until the applicable free-
look period has expired without return of the Amended Contract. Until
the free look period has expired and any 5% Credit amount is vested,
Applicants submit that Allstate retains the right and interest in the
5% Credit amount, although not in the earnings attributable to the
amount. Thus, Applicants argue that when Allstate recaptures any 5%
Credit, it is merely retrieving its own assets, and the owner has not
been deprived of a proportionate share of Allstate Separate Account A's
assets.
(c) Permitting an owner to retain a 5% Credit under a contract upon
the exercise of the free look period would not only be unfair, but
would also encourage individuals to purchase an Amended Contract with
no intention of keeping it, and simply to return it for a quick profit.
(d) The 5% Credit will be attractive to and in the interest of
investors because it will permit owners to put from 102% to 105% of
their purchase payments to work for them in the selected subaccounts.
In addition, the owner will retain any earnings attributable to the 5%
Credit, as well as the principal amount of the 5% Credit if he or she
does not cancel the Amended Contract.
(e) The recapture of a 5% Credit does not involves either of the
evils that Rule 22c-1 was intended to eliminate or reduce, namely: (a)
The dilution of the value of outstanding redeemable securities of
registered investment companies through their sale at a price below net
asset value or their redemption or repurchase at a price above it, and
(b) other unfair results including speculative trading practices. To
effect a recapture of a 5% Credit, Allstate will redeem an owner's
interest in a subaccount at a price determined on the basis of current
net asset value

[[Page 68217]]

of the subaccount. The amount recaptured will equal the amount of the
5% Credits paid out of its general account assets. Although the owner
will be entitled to retain any investment gain attributable to the 5%
Credit, the amount of such gain will be determined on the basis of the
current net asset value of the relevant subaccounts. Thus, no dilution
will occur upon the recapture of the 5% Credit. Also, the second harm
that Rule 22c-1 was designed to address, namely, speculative trading
practices calculated to take advantage of backward pricing, will not
occur as a result of the recapture of the 5% Credit. However, to avoid
any uncertainty as to full compliance with the Act, Applicants request
an exemption from the provisions of Rule 22c-1 to the extent deemed
necessary to permit the recapture of the 5% Credits under the Amended
Contracts and Future Contracts.
3. Applicants submit that their request for an order, which applies
to any Future Contracts that are substantially similar in all material
respects to the Amended Contracts described herein, to Contracts
described herein, and Future Contracts Covered by the Existing Order,
that are substantially similar in all material respects to the
Contracts, is appropriate in the public interest. Applicants state that
such an order would promote competitiveness in the viable annuity
market by eliminating the need to file redundant exemptive applications
in the future, thereby reducing administrative expenses and maximizing
the efficient use of Applicants' resources, Applicants state that
requiring them to file additional Applications would impair their
ability effectively to take advantage of business opportunities as they
arise, and that investors would not receive any benefit or additional
protection by requiring Applicants to repeatedly seek exemptive relief
that would present no issue under the Act that has not already been
addressed in this Application.

Conclusion

Applicants submit that their request for an order of exemption that
applies to the recapture of bonus credits paid on the Amended Contracts
described herein or Future Contracts that are substantially similar in
all material respects to the Amended Contracts and underwritten or
distributed by Allstate Distributors, Affiliated Broker-Dealers, or
Unaffiliated Broker-Dealers, and to Future Accounts Covered by the
Existing Order, Contracts and Future Contracts Covered by the Existing
Order, is appropriate in the public interest for the reasons described
above. Applicants submit, based on the ground summarized above, that
their exemptive request meets the standards set out in section 6(c) of
the Act, namely, that the exemptions requested are necessary or
appropriate in the public interest and consistent with the protection
of investors and the purposes fairly intended by the policy and
provisions of the Act, and that, therefore, the Commission should grant
the requested order.

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

Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 02-28484 Filed 11-7-02; 8:45 am]

BILLING CODE 8010-01-M