WEST UNIVERSITY FUND, INC.
3030 University Blvd.
Houston, Texas 77005
January 17, 1996
Richard Pfordte
Senior Counsel
Securities and Exchange Commission
Washington, D.C. 20549
Re: West University Fund, Inc.
(Fund) File Nos. 811-9124
33-98980
Dear Mr. Pfordte:
The registrant hereby incorporates by reference Parts A, B,
C, and all Exhibits of its registration statement dated November
3, 1995 into this pre-effective amendment number four. The sole
purpose of this amendment is to furnish Part C, Item 24,
Financial Statements and Exhibits.
Sincerely,
Richard P. Cancelmo, Jr.
President
<PAGE>
Registration No . 33-98980
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
Pre-Effective Amendment No. 4
and
REGISTRATION STATEMENT
UNDER
THE INVESTMENT COMPANY ACT OF 1940
Amendment No. 4
WEST UNIVERSITY FUND, INC.
(Exact Name as Specified in Charter)
3030 University Boulevard
Houston, Texas 77005
(Address of Principal Executive)
(713) 666-1652
(Registrant's Telephone Number)
Richard Peter Cancelmo, Jr.
3030 University
Houston, Texas 77005.
(Name and Address of Agent for Service)
Approximate Date of Proposed Public Offering as soon as practicable
after the effective date of the Registration Statement.
Title of Securities Being Registered: Common Stock $1.00 Par value
Amount Being Registered: 500,000 Shares
Proposed Maximum Offering Price Per Unit: $10.10*
Proposed Maximum Aggregate Offering Price: 5,050,000
Amount of Registration Fee: $1,742.00
* Estimated solely for the purpose of determining the amount of the
registration fee.
The registrant hereby amends this registration statement on such date
or dates as may be necessary to delay its effective date until the
registrant shall file a further amendment which specifically states
that this registration statement shall thereafter become effective in
accordance with section 8(a) of the Securities Act of 1933 or until the
registration statement shall becom effective on such date as the
commission acting pursuant to said section 8(a) may determine.
Page 1 of 10 pages<PAGE>
WEST UNIVERSITY FUND, INC.
FINANCIAL STATEMENTS
December 31, 1995
<PAGE>
SIMONTON, KUTAK & BARNIDGE, L.L.P.
Certified Public Accountants
909 Fannin, Suite 2050
Houston, Texas 77010-1007
(713) 658-9755
Independent Auditors' Report
January 8, 1996
Board of Directors and Stockholder
West University Fund, Inc.
Houston, Texas
We have audited the accompanying balance sheet of West University Fund,
Inc., (a Texas corporation) as of December 31, 1995, and the related
statements of income, stockholder's equity, and cash flows for the
period from inception (October 25, 1995) to December 31, 1995. These
financial statements are the responsibility of the Company's
management. Our responsibility is to express an opinion on these
financial statements based on our audit.
We conducted our audit in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit
to obtain reasonable assurance about whether the balance sheet is free
of material misstatement. An audit includes examining, on a test
basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles
used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe
that our audit provides a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present
fairly, in all material respects, the financial position of West
University Fund, Inc. at December 31, 1995, and the results of its
operations and its cash flows for the initial period then ended in
conformity with generally accepted accounting principles.
SIMONTON, KUTAK & BARNIDGE, L.L.P.
<PAGE>
WEST UNIVERSITY FUND, INC.
BALANCE SHEET
December 31, 1995
ASSETS
Current Assets:
Cash held in custodial account $ 354,000
Total Assets $ 354,000
STOCKHOLDER'S EQUITY
Stockholder's Equity:
Common stock, $1.00 par value; authorized
10,000,000 shares; 35,400 shares issued
and outstanding $ 35,400
Paid-in capital 318,600
Total Stockholder's Equity $ 354,000
<PAGE>
WEST UNIVERSITY FUND, INC.
STATEMENT OF INCOME
From Inception (October 25, 1995) through December 31, 1995
Revenue:
Interest $ 2,574
Total 2,574
Expenses:
Commissions 4
Income before income taxes 2,570
Provisions for income taxes 382
Net income $ 2,188
<PAGE>
WEST UNIVERSITY FUND, INC.
STATEMENT OF CHANGES IN STOCKHOLDER'S EQUITY
From Inception (October 25, 1995) through December 31, 1995
Common Stock
No. of Paid-in Retained
Shares Amount Capital Earnings Total
Balance,
October 25, 1995 35,400 $35,400 $318,600 $ -- $354,000
Net income -- -- -- 2,188 2,188
Dividends paid -- -- -- (2,188) (2,188)
Balance,
December 31, 1995 35,400 $35,400 $318,600 $ -- $354,000
<PAGE>
WEST UNIVERSITY FUND, INC.
STATEMENT OF CASH FLOW
From Inception (October 25, 1995) through December 31, 1995
Net cash provided by operating activities $ 2,188
Cash Flows from Financing Activities:
Sale of common stock 354,000
Dividends paid (2,188)
Net cash from financing activities 354,000
Net increase in cash and cash equivalents 354,000
Cash and cash equivalents, beginning of year --
Cash and cash equivalents, end of year $ 354,000
The accompanying no tes are an integral part of this
financial statement.
<PAGE>
WEST UNIVERSITY FUND, INC.
NOTES TO BALANCE SHEET
December 31, 1995
NOTE 1 - FORMATION AND BUSINESS
West University Fund, Inc. (the "Company"), was incorporated under the
laws of the State of Texas on October 25, 1995. The Company was
organized primarily for the purpose of operating as a mutual fund for
investments.
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Accounting --- Accounting records of the Company and financial
statements are maintained and prepared on an accrual basis. All
investments are presented on a value basis.
Fiscal Year --- The Company's proposed fiscal year for accounting and
tax purposes is December 31.
NOTE 3 - CASH HELD IN CUSTODIAL ACCOUNT
The Company's custodian is Firstar Trust Company. Pursuant to the
terms of the Custodian Agreement the Company will forward to the
Custodian the proceeds of each purchase of Fund shares. The Custodian
will hold such proceeds and make disbursements therefrom in accordance
with the terms of the Custodian Agreement. It will retain possession
of the securities purchased with such proceeds and maintain appropriate
records with respect to receipt and disbursements of money, receipt and
release of securities, and all other transactions of the Custodian with
respect to the securities and other assets of the Fund.
NOTE 4 - STOCKHOLDER'S EQUITY
The Company is authorized to issue 10,000,000 shares of Common Stock,
par value $1.00. On October 25, 1995, 35,400 shares of Common Stock
were issued for $354,000 of marketable securities. The 35,400
outstanding shares are held by one shareholder who is related to an
officer and director of the Company.
<PAGE>
CONSENT OF INDEPENDENT AUDITOR
We hereby consent to the use in the Registration Statement of West
University Fund, Inc. (Registration No. 33-98980) on Form N-1A our
opinion dated December 31, 1995 appearing in the Prospectus and in Part
II of said Registration Statement and financial statements incorporated
by reference.
Simonton, Kutac & Barnidge, L.L.P.
Houston, Texas
January 8, 1996
<PAGE>
SIGNATURES
Pursuant to the requirements of (the Securities Act of 1933 and) the
Investment Company Act of 1940 the Registrant (certifies that it
meets all the requirements for effectiveness of this Registration
Statement pursuant to Rule 485(b) under the Securities Act of 1933
and) has duly caused this Registration Statement to be signed on its
behalf by the undersigned, thereto duly authorized, in the City of
Houston and state of Texas on the 17th day of January, 1996.
West University Fund, Inc.
By
RICHARD PETER CANCELMO, JR.
President
Pursuant to the requirements of (the Securities Act of 1933
and) this Registration Statement has been signed below by the
following persons in the capacities and on the date indicated.
Director, Secretary January 17, 1996
JAMES BARRY KENDRICK (Title) (Date)
Director January 17, 1996
SAMUEL LEE MORELAND (Title) (Date)
