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Bowes Investment Trust
Bank and Insurance Fund
4520 East West Hwy., Suite 540
Bethesda, Maryland 20814
February 6, 1998
Brent J. Fields, Esq.
Securities and Exchange Commission
Division of Investment Management
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Withdrawal of N-1A filing for Bank and Insurance Fund, Inc.
File Number: 333-41457
Dear Mr. Fields:
Bowes Funds, LLC, the sponsor of the Bank and Insurance Fund, Inc. -
a Maryland corporation - ("BIFI"), has determined that Delaware law is in many
respects preferable to Maryland law. Accordingly a newly formed Delaware
business trust, Bowes Investment Trust ("the Trust") has been formed to succeed
BIFI. The Trust currently consists of one series portfolio - the Bank and
Insurance Fund (the "Fund"). Since the Trust is a new legal entity, we have,
under a new CIK, filed a new Form N-1A that is substantially the same as BIFI's
registration statement.
Accordingly, we hereby withdraw the filings made by the Bank and Insurance Fund,
Inc.
If I may be of any further assistance please telephone me at (301) 654-9567.
Very truly yours,
/s/ Thomas I. Carocci
Thomas I. Carocci
Vice President and Secretary
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