<PAGE> 1
As filed with the Securities and Exchange Commission on January 15, 1997
FILE NO. 814-129
- --------------------------------------------------------------------------------
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 1
to
FORM N-54A
NOTIFICATION OF ELECTION TO BE SUBJECT TO
SECTIONS 55 THROUGH 65 OF THE INVESTMENT COMPANY ACT OF 1940
FILED PURSUANT TO SECTION 54(a) OF THE ACT
The undersigned business development company hereby amends its
notification of the Securities and Exchange Commission that it has elected,
pursuant to the provisions of section 54(a) of the Investment Company Act of
1940 (the "Act"), to be subject to the provisions of sections 55 through 65 of
the Act and, in connection with such notification of election, submits the
following information:
Name: PLYMOUTH COMMERCIAL MORTGAGE FUND
Address of Principal Business Office (No. & Street, City, State, Zip Code):
C/O GREYSTONE ADVISERS, INC.
13333 BLANCO ROAD, SUITE 314
SAN ANTONIO, TEXAS 78216-7756
Telephone Number (including area code): (210) 493-3971
<TABLE>
<S> <C>
Name and address of agent for service of process: Copy to:
ROBERT R. SWENDSON, PRESIDENT AND CHIEF EXECUTIVE OFFICER STEVEN B. BOEHM, ESQUIRE
GREYSTONE ADVISERS, INC. SUTHERLAND, ASBILL & BRENNAN, L.L.P.
13333 BLANCO ROAD, SUITE 314 1275 PENNSYLVANIA AVENUE, N.W.
SAN ANTONIO, TEXAS 78216-7756 WASHINGTON, D.C. 20004-2404
</TABLE>
Check one of the following:
[x] The company has filed a registration statement for a class of equity
securities pursuant to section 12 of the Securities Exchange Act of 1934. Give
the file number of the registration statement or, if the file number is unknown
or has not yet been assigned, give the date on which the registration statement
was filed: 0-21443
[ ] The company is relying on rule 12g-2 under the Securities Exchange Act of
1934 in lieu of filing a registration statement for a class of equity
securities under that Act.
The file number of the registration as an investment company pursuant
to section 8(a) of the Act, if any, of the company: (Not applicable)
The file number of the registration as an investment company pursuant
to section 8(a) of the Act, if any, of any subsidiary of the company:
(Not applicable)
<PAGE> 2
The undersigned company certifies that it is a closed-end
company organized under the laws of Delaware and with its principal place of
business at the office of Greystone Advisers, Inc., in Texas; that it will be
operated for the purpose of making investments in securities described in
sections 55(a)(1) through (3) of the Investment Company Act of 1940; and that
it will make available significant managerial assistance with respect to
issuers of such securities to the extent required by the Act.
Pursuant to the requirements of the Act, the undersigned
company has caused this amended notification of election to be subject to
sections 55 through 65 of the Investment Company Act of 1940 to be duly signed
on its behalf in the city of San Antonio and state of Texas on the 15th day of
January, 1997.
[SEAL] PLYMOUTH COMMERCIAL MORTGAGE FUND
By: /s/ Robert R. Swendson
-----------------------------------
Robert R. Swendson
President and Chief Executive
Officer
Attest: /s/ John C. Mosher
-----------------------------
John C. Mosher
Vice President and
Chief Financial Officer
