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

Zusammenfassung

Applicant seeks an order declaring that it has ceased to be an investment company. On August 31, 2005, applicant transferred its assets to The RBB Fund, Inc., based on net asset value. Expenses of approximately, $448,249 incurred in connection with the reorganization were paid by J.J.B. Hilliard, W.L. Lyons, Inc., of which Hilliard Lyons Research Advisors, applicant's investment adviser, is a division. Filing Dates: The application was filed on September 27, 2005, and amended on November 7, 2005. Applicant's Address: Hilliard Lyons Center, 501 South Fourth St., Louisville, KY 40202.