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

Riepilogo

Applicant seeks an order declaring that it has ceased to be an investment company. On September 16, 2004, applicant made a liquidating distribution to its shareholders, based on net asset value. Expenses of approximately $6,600 incurred in connection with the liquidation were paid by applicant and Ingalls & Snyder LLC, applicant's investment adviser. Filing Dates: The application was filed on September 16, 2004, and amended on October 22, 2004. Applicant's Address: 61 Broadway, New York, NY 10006.