SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
SEC File Number 811-08337
CUSIP Number 833502 10 7
NOTIFICATION OF LATE FILING
(Check One):
[ ] Form 10-K and Form 10-KSB [ ] Form 20-FK
[ ] Form 11-K [ ] Form 10-Q and Form 10-QSB
[ X ] Form N-SAR
For Period Ended: June 30, 1998
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended:____________________________
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READ ATTACHED INSTRUCTION SHEET BEFORE PREPARING FORM. PLEASE PRINT
OR TYPE.
Nothing in this form shall be construed to imply that the Commission
has verified any information contained herein.
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If the notification relates to a portion of the filing checked
above, identify the Item(s) to which the notification
relates:________________________
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PART I.-REGISTRANT INFORMATION
Full Name of Registrant
Former Name if Applicable
Snyder STRYPES Trust
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Address of Principal Executive Office (STREET AND NUMBER)
c/o Puglisi & Associates
850 Library Avenue
Suite 204
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City, State and Zip Code
Newark, Delaware 19715
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PART II.-RULE 12b-25 (b) and (c)
If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check box if appropriate)
X
___ (a) The reasons described in reasonable detail in
Part III of this form could not be eliminated without unreasonable effort or
expense;
X
___ (b) The subject annual report, semi-annual report, transition report
on Form 10-K, 20-F, 11-K or Form N-SAR, or portion thereof will be filed on or
before the 15th calendar day following the prescribed due date; or the subject
quarterly report or transition report on Form 10-Q, or portion thereof will be
filed on or before the fifth calendar day following the prescribed due date;
and
___ (c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
PART III.-NARRATIVE
State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F, 10-Q,
N-SAR or the transition report portion thereof could not be filed within the
prescribed time period. (Attach extra sheets if needed.)
As a result of difficulties being experienced by The Bank of New York,
Administrator of the Trust (the "Administrator"), in valuing the forward
purchase contract held in the Trust's portfolio, the preparation of the
Trust's Semi-Annual Report on Form N-SAR ("Form N-SAR") for the period ended
June 30, 1998, by McGladry & Pullen LLP, the Trust's accountants, has been
delayed somewhat. While the preparation of the Trust's semi-annual report has
begun and is complete in all other respects, the Administrator has notified
the Trust that they expect to be able to value the forward purchase contract
within the next week or so. The forward purchase contract is the Trust's
largest asset.
Upon completion of the preparation of the Trust's financial statements,
the Trust's Form N-SAR will be completed and filed with the Securities and
Exchange Commission and the Trust's semi-annual report will be completed and
filed with the Securities and Exchange Commission and distributed to
shareholders as soon as possible.
PART IV.-OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to
this notification.
Robert J. Borzone, Jr., Esq. (212) 839-5394
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(Name) (Area code)(Telephone number)
(2) Have all other periodic reports required under Section 13 or 15(d) of
the Securities Exchange Act of 1934 or Section 30 of the Investment Company
Act of 1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If answer is no,
identify report(s).
X
__ Yes __ No
Form N-SAR for the period ended December 31, 1997 has not been filed
with the Securities and Exchange Commission. We have been advised by the
Trust's Trust's Administrator that the information required for that filing
will be made available within the next few days, and we expect to make that
filing on or about September 4, 1998.
(3) Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject report
or portion thereof?
X
__ Yes __ No
If so, attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the reasons why a
reasonable estimate of the results cannot be made.
Snyder STRYPES Trust
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(Name of registrant as specified in charter)
has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: August 31, 1998
By: Donald J. Puglisi
Managing Trustee
