SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT NO. 1 TO
FORM
N-8B-2
File No. 811-7423
REGISTRATION STATEMENT OF UNIT INVESTMENT TRUSTS WHICH ARE
CURRENTLY ISSUING SECURITIES
October 2, 1996
Pursuant to Section 8(b) of the
Investment Company Act of 1940
Glickenhaus Value Portfolios
The 1996 Equity Collection
(and Subsequent Series);
Glickenhaus Special Situations Trust, Series 1
(and Subsequent Series);
and any other future trusts for which
Glickenhaus & Co.
acts as sponsor
Name of Registrant
6 East 43rd Street
New York, New York 10017
Address and Principal Office of Registrant
X Not the issuer of periodic payment plan certificates.
_____ Issuer of periodic payment plan certificates.
Amending Cover Page, Items 1, 6(a), 8, 11, 13(a), 13(d), 16, 18(b), 18(c),
44(a), 44(c), 46(a), 47, 48, 52(a), Exhibits 1 and 2.
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I. ORGANIZATION AND GENERAL INFORMATION
1. (a) Furnish name of the trust and the Internal Revenue
Service Employer Identification Number.
Glickenhaus Value Portfolios
The 1996 Equity Collection
(and Subsequent Series);
Glickenhaus Special Situations Trust, Series 1
(and Subsequent Series);
and any other future trusts for which
Glickenhaus & Co.
acts as sponsor.
The Trusts have no Internal Revenue Service
Employer Identification Number.
(b) Furnish title of each class or series of securities issued
by the trust.
CERTIFICATE OF OWNERSHIP
--evidencing--
An Undivided Interest
--in--
GLICKENHAUS SPECIAL SITUATIONS TRUST
Series 1
(and Subsequent Series)
6. (a) Furnish the dates of execution and termination of any
indenture or agreement currently in effect under the terms of which the trust
was organized and issued or proposes to issue securities.
The form of Trust Indenture and Agreement to be employed
by the Trust will be filed as Exhibit 1.1.1 to the
Registration Statement on Form S-6 of the Trust. The
Indenture will be dated the initial date of deposit of
the securities in Glickenhaus Special Situations Trust,
Series 1 (and Subsequent Series) and shall terminate no
later than the disposition of the last security purchased
by the Trust.
8. State the date on which the fiscal year of the trust ends.
September 30th
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II. GENERAL DESCRIPTION OF THE TRUST AND SECURITIES OF THE TRUST
Information Concerning the Securities Underlying
the Trust's Securities
11. Describe briefly the kind or type of securities comprising
the Unit of specified securities in which security holders have an interest.
For Series of Glickenhaus Special Situations Trust, please refer
to the information under "The Portfolio", "The
Trust--Portfolio", "The Trust--General Obligation Bonds", "The
Trust--Appropriations Bonds" and "The Trust--Revenue Bonds" in
Exhibit 2.
Information Concerning Loads, Fees, Charges and Expenses
13. (a) Furnish the following information with respect to each
load, fee, expense or charge to which (1) principal payments, (2) underlying
securities, (3) distributions, (4) cumulated or reinvested distributions or
income, and (5) redeemed or liquidated assets of the trust's securities are
subject:
(A) the nature of such load, fee, expense or
charge;
(B) the amount thereof;
(C) the name of the person to whom such amounts
are paid and his relationship to the trust;
(D) the nature of the services performed by such
person in consideration for such load, fee,
expense or charge.
For Series of Glickenhaus Special Situations Trust, and in
response to Items 13(a)(A), (B), (C) and (D), please refer to
the information under "Summary of Essential Information",
"Public Offering Price", "Statement of Condition", "Public
Offering", "Rights of Unit Holders--Expenses and Charges" and
"Rights of Unit Holders--Other Charges" in Exhibit 2.
(d) Explain fully the reasons for any difference in the price at
which securities are offered generally to the public, and the price at which
securities are offered for any class of transactions to any class or group of
individuals, including officers, directors, or employees of the depositor,
trustee, custodian or principal underwriter.
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For Series of Glickenhaus Special Situations Trust,
please refer to information under "Public Offering--
Offering Price" and "Public Offering--Distribution of
Units" in Exhibit 2.
Information Concerning the Operations of the Trust
16. Describe the procedure with respect to the acquisition of
underlying securities and the disposition thereof, and state the substance of
the provisions of any indenture or agreement pertaining thereto.
For Series of Glickenhaus Special Situations Trust, please refer
to the information under "The Trust--Organization", "The
Trust--Portfolio", "The Trust--General Considerations" and "The
Trust--Substitution of Bonds" in Exhibit 2.
18. (b) Describe the procedure, if any, with respect to the
reinvestment of distributions to security holders and state the substance of
the provisions of any indenture or agreement pertaining thereto.
For Series of Glickenhaus Special Situations Trust, please refer
to the information under "Automatic Accumulation Account" in
Exhibit 2.
(c) If any reserves or special funds are created out of income
or principal, state with respect to each such reserve or fund the purpose and
ultimate disposition thereof, and describe the manner of handling of same.
For Series of Glickenhaus Special Situations Trust, please refer
to the information under "Rights of Unit Holders--Distributions
of Interest and Principal" in
Exhibit 2.
Offering Price or Acquisition Valuation of Securities
of the Trust
44. (a) Furnish the following information with respect to the
method of valuation used by the trust for the purpose of determining the
offering price to the public of securities issued by the trust or the
evaluation of shares or interests in the underlying securities acquired by the
holder of a periodic payment plan certificate:
(1) The source of quotations used to determine
the value of portfolio securities.
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(2) Whether opening, closing, bid asked or any
other price is used.
(3) Whether price is as of the day of sale or as
of any other time.
(4) A brief description of the methods used by
registrant for determining other assets and
liabilities including accrual for expenses and
taxes (including taxes on unrealized
appreciation).
(5) Other items which registrant adds to the net asset
value in computing offering price of its
securities.
(6) Whether adjustments are made for fractions:
(i) before adding distributor's compensation
(load); and
(ii) after adding distributor's compensation
(load).
For Series of Glickenhaus Special Situations Trust, please refer
to the information under "Summary of Essential Information",
"Statement of Condition", "Public Offering Price", "Public
Offering" and "Rights of Unitholders--Distributions of Interest
and Principal" in Exhibit 2.
(c) If there is any variation in the offering price of the
trust's securities to any person or classes of persons other than underwriters,
state the nature and amount of such variation and indicate the person or
classes of persons to whom such offering is made.
For Series of Glickenhaus Special Situations Trust, please refer
to the information under "Public Offering--Offering Price" and
"Public Offering--Distribution of Units" in Exhibit 2.
Redemption Valuation of Securities of the Trust
46. (a) Furnish the following information with
respect to the method of determining the redemption or withdrawal
valuation of securities issued by the Trust:
(1) The source of quotations used to determine
the value of portfolio securities.
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(2) Whether opening, closing, bid, asked or any
other price is used.
(3) Whether price is as of the day of sale or as
of any other time.
(4) A brief description of the methods used by
registrant for determining other assets and
liabilities including accrual for expenses and
taxes (including taxes on unrealized
appreciation).
(5) Other items which registrant deducts from the net
asset value in computing redemption value of its
securities.
(6) Whether adjustments are made for fractions.
For Series of Glickenhaus Special Situations Trust, please refer
to the information under "Summary of Essential Information",
"Market for Units", "Termination", "Public Offering--Offering
Price" and "Rights of Unit Holders--Redemption" in Exhibit 2.
Purchase and Sale of Interests in Underlying
Securities from and to Security Holders
47. Furnish a statement as to the procedure with respect to the
maintenance of a position in the underlying securities or interests in the
underlying securities, the extent and nature thereof and the person who
maintains such a position. Include a description of the procedure with respect
to the purchase of underlying securities or interests in the underlying
securities from security holders who exercise redemption or withdrawal rights
and the sale of such underlying securities and interests in the underlying
securities to other security holders. State whether the method of valuation of
such underlying securities or interests in underlying securities differs from
that set forth in Items 44 and 46. If any item of expenditure included in the
determination of the valuation is not or may not actually be incurred or
expended, explain the nature of such item and who may benefit from the
transaction.
For Series of Glickenhaus Special Situations Trust, please refer
to the information under "Market for Units", "Public
Offering--Offering Price" and "Rights of Unit
Holders--Redemption" in Exhibit 2.
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V. INFORMATION CONCERNING THE TRUSTEE OR CUSTODIAN
48. Furnish the following information as to each trustee or
custodian of the trust:
(a) Name and principal business address.
(b) Form of organization.
(c) State or other sovereign power under the laws of which the
trustee or custodian was organized.
(d) Name of governmental supervising or examining
authority.
For Series of Glickenhaus Special Situations Trust, please refer
to the information under "Trustee" in Exhibit 2.
VII. POLICY OF REGISTRANT
52. (a) Furnish the substance of the provisions of any indenture
or agreement with respect to the conditions upon which and the method of
selection by which particular portfolio securities must or may be eliminated
from assets of the trust or must or may be replaced by other portfolio
securities. If an investment advisor or other person is to be employed in
connection with such selection, elimination or substitution, state the name of
such person, the nature of any affiliation to the depositor, trustee of
custodian and any principal underwriter, and the amount of remuneration to be
received for such services. If any particular person is not designated in the
indenture or agreement, describe briefly the method of selection of such
person.
For Series of Glickenhaus Special Situations Trust,
please refer to the information under "The Trust--
General Considerations" and "The Trust--Substitution of
Bonds" in Exhibit 2.
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SIGNATURE
Pursuant to the requirements of the Investment Company Act of
1940, the depositor of the registrant has caused this Registration Statement to
be duly signed on behalf of the registrant in the City and State of New York,
on the 2nd day of October, 1996.
GLICKENHAUS VALUE PORTFOLIOS,
THE 1996 EQUITY COLLECTION
(AND SUBSEQUENT SERIES); and
GLICKENHAUS SPECIAL SITUATIONS TRUST,
SERIES 1 (AND SUBSEQUENT SERIES)
By: GLICKENHAUS & CO.
Depositor
By: /s/ Brian C. Laux
-----------------------
Brian C. Laux
Attorney-In-Fact
Attest: ____________________
Name:
Title:
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IX. EXHIBITS
No. Description
1. Form of Trust Indenture and Agreement (to be filed as
Exhibit 1.1.1 to Amendment No. 1 to the Registration
Statement on Form S-6 of the Trust)
2. Copy of Prospectus (to be filed within Amendment No. 1
to the Registration Statement on Form S-6 of the Trust)