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

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Applicant requests an order declaring that it has ceased to be an investment company. On or before May 31, 1996, all of the outstanding shares of two series of applicant, the Prime Obligations Money Market Fund and the Treasury Securities Money Market Fund, were liquidated at their net asset value (``Liquidation''). On September 6, 1996, the remaining series of applicant were acquired by certain series of The Armada Funds (``Reorganization''). The Armada Funds and its investment adviser bore the expenses of the Reorganization, which were approximately $470,000. Applicant did not incur any expenses in connection with the Liquidation or Reorganization. Filing Dates: The application was filed on June 4, 1997, and amended on September 26, 1997, September 1, 1998 and December 8, 1998. Applicant's Address: 32 South Street, Baltimore, MD 21202.