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

Résumé

Each applicant seeks an order declaring that it has ceased to be an investment company. By October 31, 2002, each applicant had transferred its assets to Principal International Fund, Inc., based on net asset value. Expenses of $42,721, $3,314 and $3,314, respectively, incurred in connection with the reorganizations and were paid by Principal Management Corporation, investment adviser to each applicant. Filing Date: The applications were filed on November 22, 2002, and amended on December 17, 2002. Applicants' Address: The Principal Financial Group, 711 High St., Des Moines, IA 50392-0200.