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

Samenvatting

Applicant seeks an order declaring that it has ceased to be an investment company. On February 18, 2010, applicant transferred its assets to The Jacob Wisdom Fund, a series of Jacob Funds Inc., based on net asset value. Expenses of approximately $81,630 incurred in connection with the reorganization were paid by Atlanta Investment Counsel, LLC and Jacob Asset Management of New York, LLC, applicant's investment advisers. Filing Dates: The application was filed on September 30, 2010, and amended on December 1, 2010. Applicant's Address: 116 S. Franklin St., Rocky Mount, NC 27804.