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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 21, 1998
333-07543
(Commission File Number)
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DESSAUER GLOBAL EQUITY FUND
(Exact name of registrant as specified in its charter)
Delaware 954589625
(State of Incorporation) (IRS Employer
Identification Number)
5 Bay State Court
P.O. Box 1689
Orleans, MA 02653
(Address of registrant's principal executive office)
(508) 255-1651
(Registrant's telephone number)
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ITEM 5. OTHER EVENTS
a) On January 21, 1998, Guinness Flight Investment Management Limited
("Guinness Flight") resigned as co-manager of the Dessauer Global Equity Fund
(the "Fund"). As co-manager of the Fund, Guinness Flight had been responsible
for managing the portion of the Fund's assets allocated to Asia and Japan.
Management of the Fund's assets will now be the sole responsibility of Dessauer
& McIntyre Asset Management, Inc. ("Dessauer"). The allocation committee, which
had consisted of representatives of Dessauer and Guinness Flight who were
responsible for allocating the Fund's assets among the markets in which it could
invest, has been disbanded as of the date of Guinness Flight's resignation. On
January 21, 1998, the Fund issued a press release with respect to the change in
management, the text of which is attached hereto as Exhibit 99 and is
incorporated herein by reference.
b) On January 21, 1998, Mr. James J. Atkinson, Jr. and Mr. Geoffrey O.
Lubbock resigned as trustees of the Fund.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibits.
Exhibit Number Title
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99 Press Release, dated January 21, 1998, of the Fund
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
DESSAUER GLOBAL EQUITY FUND
By: THOMAS P. MCINTYRE
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Name: Thomas P. McIntyre
Title: President
Date: February 2, 1998
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Exhibit Index
Exhibit Number Title Page
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99 Press Release, dated January 21, 1998, of the Fund
THE DESSAUER GLOBAL EQUITY FUND
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5 Bay State Court * P.O. 1689 * Orleans, Massachusetts 02653
508.255.1651 * fx 508.255.9243
NEWS RELEASE.....
Orleans, MA, January 21, 1998......Management of the entire portfolio
of the closed-end Dessauer Global Equity Fund will henceforth be the
responsibility of Dessauer & McIntyre Asset Management, Inc. (formerly Dessauer
Asset Management Inc.), according to John P. Dessauer, chairman of the fund.
Dessauer stated that the change in management responsibility, previously shared
with Guinness Flight Investment Management, Ltd., has been approved by the
fund's board of trustees.
Dessauer acknowledged the crucial role played by Guinness Flight as
co-investment adviser, in the May 1997 launch and initial investment management
role during the early months of the fund. "Without the help and involvement of
Guinness Flight this fund would not exist," he stated.
