<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-8B-2
REGISTRATION STATEMENT OF UNIT INVESTMENT TRUSTS
WHICH ARE CURRENTLY ISSUING SECURITIES
Pursuant to Section 8(b) of the Investment Company Act of 1940
DOW TARGET 10 TRUST
_________________, 1998 Series and Subsequent Series
[X] Not the issuer of periodic payment plan certificates.
[ ] Issuer of periodic payment plan certificates.
<PAGE> 2
CONTENTS
Items
I
1-9 ORGANIZATION AND GENERAL INFORMATION
II
GENERAL DESCRIPTION OF TRUST AND SECURITIES OF THE TRUST
10 General Information Concerning the Securities of the Trust and the
Rights of Holders
11-12 Information Concerning the Securities Underlying the Trust's Securities
13 Information Concerning Loads, Fees, Charges and Expenses
14-24 Information Concerning the Operations of the Trust
14 Issuance of Securities
15 Receipt of Payments
16 Purchase and Sale of Underlying Securities
17 Redemption of Securities
18 Distributions and Reinvestment
19 Records and Accounts
20 Indenture Provisions Regarding Depositor, Trustee or
Indenture Charges
21 Loans to Security Holders
22 Limitations on Liability
23 Bonding of Officers and Employees
24 Other Material Provisions
2
<PAGE> 3
III
ORGANIZATION, PERSONNEL AND AFFILIATED PERSONS OF DEPOSITOR
25-27 Organization and Operations of Depositor
28 Officials and Affiliated Persons of Depositor
29 Companies Owning Securities of Depositor
30 Controlling Persons
Compensation of Officer and Directors of Depositor:
31 Compensation of Officers of Depositor
32 Compensation of Directors
33 Compensation of Employees
34 Compensation of Other Persons
IV
DISTRIBUTION AND REDEMPTION OF SECURITIES
35-38 Distribution of Securities
39-43 Information Concerning Principal Underwriter
44 Offering Price or Acquisition Valuation of Securities of the Trust
45 Suspension of Redemption Rights
46 Redemption Valuation of Securities of the Trust
47 Purchase and Sale of Interests in Underlying Securities from and to
Security Holders
V
INFORMATION CONCERNING THE TRUSTEE OR CUSTODIAN
48 General Information
49 Fees Paid
50 Lien on Assets
3
<PAGE> 4
VI
51 Information Concerning Insurance of Holders of Securities
VII
52 Policy of Registrant
53 Mutual Investment Company
VIII
FINANCIAL AND STATISTICAL INFORMATION
54 Asset Values and Dividends
55 Transcript of Hypothetical Periodic Payment Plan Account
56 Experience and Performance Table
57 Termination Experience Table
58 Lapse Experience Table
59 Instructions as to Financial Statements
IX
EXHIBITS
SIGNATURES
4
<PAGE> 5
I. ORGANIZATIONAL AND GENERAL INFORMATION
--------------------------------------
1. (a) Furnish name of the trust and the Internal Revenue Service
Employer Identification Number.
Dow Target 10 Trust, _______ 1998 Series and Subsequent
Series.
Each series of the Trust will be named and issued monthly,
beginning with the _______ 1998 Series.
Employer Identification Number: None
(b) Furnish title of each class or series of securities issued by
the trust.
CERTIFICATE OF OWNERSHIP EVIDENCING AN UNDIVIDED INTEREST IN
DOW TARGET 10 TRUST, _________ SERIES
Each series of the Trust will be named and issued monthly
beginning with the ________ 1998 Series.
2. Furnish name and principal business address and ZIP Code and the
Internal Revenue Service Employer Identification Number of each
depositor of the trust.
The Ohio National Life Insurance Company
One Financial Way
Montgomery, Ohio 45242
Employer Identification Number: 31-0397080
3. Furnish name and principal business address and ZIP Code and the
Internal Revenue Service Employer Identification Number of each
custodian or trustee of the trust indicating for which class or series
of securities each custodian or trustee is acting.
For information in response to this item, reference is made to
statements under the caption, "The Trustee" in the prospectus
included in the registrant's Form S-6.
4. Furnish name and principal business address and ZIP Code and the
Internal Revenue Service Employer Identification Number of each
principal underwriter currently distributing securities of the trust.
Not applicable.
5. Furnish name of state or other sovereign power, the laws of which govern
with respect to the organization of the trust.
Ohio
5
<PAGE> 6
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 and Custody Agreement proposed to
be entered into between The Ohio National Life
Insurance Company as Depositor and Sponsor and Star
Bank, N.A. as Trustee, under the terms of which the
trust will be created and the securities described
in item 1(b) will be issued, is filed as Exhibit
A(1) to the registrant's Form S-6. It is expected
that the Trust and Custody Agreement will be
entered into shortly prior to the filing of the
"price" amendments to such Registration Statements
since the securities comprising the portfolio of a
series of the Trust will be listed in the related
prospectus. Each series of the Dow Target 10 Trust
shall terminate approximately twelve months after
establishment of that series.
(b) Furnish the dates of execution and termination of any
indenture or agreement currently in effect pursuant to which
the proceeds of payments on securities issued or to be issued
by the trust are held by the custodian or trustee.
Reference is made to Item 6(a). In addition,
information responsive to this item appears in the
related prospectuses filed under the Securities Act
of 1933 with respect to the _______ 1998 Series and
each subsequent Series and the same is (are) hereby
incorporated herein by reference.
7. Furnish in chronological order the following information with respect to
each change of name of the trust since January 1, 1930. If the name has
never been changed, so state.
The name of the Dow Target 10 Trust has never been changed.
8. State the date on which the fiscal year of the trust ends.
December 31
Material Litigation
-------------------
9. Furnish a description of any pending legal proceedings, material with
respect to the security holders of the trust by reason of the nature of
the claim or the amount thereof, to which the trust, the depositor, or
the principal underwriter is a party or of which the assets of the trust
are the subject, including the substance of the claims involved in such
proceeding and the title of the proceeding. Furnish a similar statement
with respect to any pending administrative proceeding commenced by a
governmental authority or any such proceeding or legal proceeding known
to be contemplated by a governmental authority. Include any proceeding
which, although immaterial itself, is representative of, or one of, a
group which in the aggregate is material.
6
<PAGE> 7
None
II. GENERAL DESCRIPTION OF THE TRUST AND SECURITIES OF THE TRUST
------------------------------------------------------------
General Information Concerning the Securities of the Trust and the
------------------------------------------------------------------
Rights of Holders
-----------------
10. Furnish a brief statement with respect to the following matters for each
class or series of securities issued by the trust:
(a) Whether the securities are of the registered or bearer type.
Registered.
(b) Whether the securities are of the cumulative or distributive
type.
(c) The rights of security holders with respect to withdrawal or
redemption.
(d) The rights of security holders with respect to conversion,
transfer, partial redemption, and similar matters.
For information relating to Items 10(b), (c) and
(d), reference is made to statements on the cover
page and under the caption "Trust Units" in the
prospectus included in the registrant's Form S-6.
(e) If the trust is the issuer of periodic payment plan
certificates, the substance of the provisions of any indenture
or agreement with respect to lapses or defaults by security
holders in making principal payments, and with respect to
reinstatement.
Inapplicable.
(f) The substance of the provisions of any indenture or agreement
with respect to voting rights, together with the names of any
persons other than security holders given the right to
exercise voting rights pertaining to the trust's securities or
the underlying securities and the relationship of such persons
to the trust.
None.
(g) Whether security holders must be given notice of any change
in:
(1) the composition of the assets of the trust.
(2) the terms and conditions of the securities issued
by the trust.
(3) the provisions of any indenture or agreement of the
trust.
(4) the identity of the depositor, trustee or
custodian.
Inapplicable.
7
<PAGE> 8
(h) Whether the consent of security holders is required in order
for action to be taken concerning any change in:
(1) the composition of the assets of the trust.
(2) the terms and conditions of the securities issued
by the trust.
(3) the provisions of any indenture or agreement of the
trust.
(4) the identity of the depositor, trustee or
custodian.
Inapplicable.
(i) Any other principal feature of the securities issued by the
trust or any other principal right, privilege or obligation
not covered by subdivision (a) to (g) or by any other item in
this form.
For information relating to item 10(i) reference is
made to statements on the cover page and under the
captions "Trust Units," "Unit Pricing" and "The
Trustee" in the prospectus included in the
registrant's Form S-6.
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. (If the
unit consists of a single security issued by an investment company, name
such investment company and furnish a description of the type of
securities comprising the portfolio of such investment company.)
State whether the trust owns or will own any securities of the ten
brokers who executed the largest dollar amounts of the registrant's
portfolio transactions, the ten dealers who executed the largest dollar
amounts of principal transactions with the registrant or the ten dealers
who sold the largest dollar amounts of the registrant's shares during
the registrant's most recent fiscal year or securities of the parents of
those broker-dealers; identify those broker-dealers; and state the value
of the registrant's aggregate holdings of each subject issuer as of the
close of the registrant's most recent fiscal year.
Reference is made to the statements on the cover page of the
prospectus included in the registrant's Form S-6 and to the
captions "Trust Units," "Unit Pricing" and "The Trustee"
appearing therein.
12. If the trust is the issuer of periodic payment plan certificates and if
any underlying securities were issued by another investment company,
furnish the following information for each such company:
(a) Name of company.
(b) Name and principal business address of depositor.
(c) Name and principal business address of trustee or custodian.
8
<PAGE> 9
(d) Name and principal business address of principal underwriter.
(e) The period during which the securities of such company have
been the underlying securities.
Inapplicable.
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 information relating to Item 13(a), reference is made to
statements under the captions "Trust Units" and "First Trust
Advisors" in the prospectus included in the registrant's Form
S-6.
(b) For each installment payment type of periodic payment plan
certificate of the trust, furnish the following information
with respect to sales load and other deductions from principal
payments.
Inapplicable.
(c) State the amount of total deductions as a percentage of the
net amount invested for each type of security issued by the
trust. State each different sales charge available as a
percentage of the public offering price and as a percentage of
the net amount invested. List any special purchase plans or
methods established by rule or exemptive order that reflect
scheduled variations in, or elimination of, the sales load and
identify each class of individuals or transactions to which
such plans apply.
(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.
9
<PAGE> 10
For information relating to Items 13(c) and (d)
reference is made to statements under the caption
"Trust Units" in the prospectus included in the
registrant's Form S-6.
(e) Furnish a brief description of any loads, fees, expenses or
charges not covered in Item 13(a) which may be paid by
security holders in connection with the trust or its
securities.
For information relating to Item 13(e) reference is
made to statements under the caption "Trust Units"
in the prospectus included in the registrant's Form
S-6.
(f) State whether the depositor, principal underwriter, custodian
or trustee, or any affiliated person of the foregoing may
receive profits or other benefits not included in answer to
item 13(a) or 13(d) through the sale or purchase of the
trust's securities or interests in such securities, or
underlying securities or interests in underlying securities,
and describe fully the nature and extent of such profits or
benefits.
For information relating to Item 13(f) reference is
made to statements under the caption "Trust Units"
in the prospectus included in the registrant's Form
S-6.
(g) State the percentage that the aggregate annual charges and
deductions for maintenance and other expenses of the trust
bear to the dividend and interest income from the trust
property during the period covered by the financial statements
filed as Exhibit E to the registrant's Form S-6.
Inapplicable.
Information Concerning the Operations of the Trust
--------------------------------------------------
14. Describe the procedure with respect to applications (if any) and the
issuance and authentication of the trust's securities, and state the
substance of the provisions of any indenture or agreement pertaining
thereto.
For information relating to Item 14, reference is made to
statements on the cover page and under the captions "Trust
Units" and "The Trustee" in the prospectus included in the
registrant's Form S-6.
15. Describe the procedure with respect to the receipt of payments from
purchasers of the trust's securities and the handling of the proceeds
thereof, and state the substance of the provisions of any indenture or
agreement pertaining thereto.
Payments will be made through the depositor, a registered
broker-dealer. The depositor will deposit said funds with the
Trustee in exchange for securities purchased with purchaser's
funds. Securities may only be purchased by life
10
<PAGE> 11
insurance companies for their separate accounts representing
the interests of variable annuity and variable life insurance
contract owners.
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 information relating to Item 16, reference is made to
statements on the cover page and under the captions "Trust
Units" and "Unit Pricing" in the prospectus included in the
registrant's Form S-6.
17. (a) Describe the procedure with respect to withdrawal or
redemption by security holders.
(b) Furnish the names of any persons who may redeem or repurchase,
or are required to redeem or repurchase, the trust's
securities or underlying securities from security holders, and
the substance of the provisions of any indenture or agreement
pertaining thereto.
(c) Indicate whether repurchased or redeemed securities will be
canceled or may be resold.
For information relating to Item 17, reference is
made to statements on the cover page and under the
captions "Trust Units" and "Unit Pricing" in the
prospectus included in the registrant's Form S-6.
18. (a) Describe the procedure with respect to the receipt, custody
and disposition of the income and other distributable funds of
the trust and state the substance of the provisions of any
indenture or agreement pertaining thereto.
For information relating to Item 18(a) reference is
made to statements on the cover page and under the
captions "Trust Units" and "Unit Pricing" in the
prospectus included in the registrant's Form S-6.
(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 information relating to Item 18(b) reference is
made to statements on the cover page and under the
caption "Trust Units" in the prospectus included in
the registrant's Form S-6.
(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.
Inapplicable.
11
<PAGE> 12
(d) Submit a schedule showing the periodic and special
distributions which have been made to security holders during
the three years covered by the financial statements filed
herewith. State for each such distribution the aggregate
amount and amount per share. If distributions from sources
other than current income have been made, identify each such
other source and indicate whether such distribution represents
the return of principal payments to security holders. If
payments other than cash were made, describe the nature
thereof, the account charged and the basis of determining the
amount of such charge.
Inapplicable.
19. Describe the procedure with respect to the keeping of records and
accounts of the trust, the making of reports and the furnishing of
information to security holders, and the substance of the provisions of
any indenture or agreement pertaining thereto.
Pursuant to the terms of the Trust and Custody Agreement filed
as Exhibit A(1) to the registrant's Form S-6, the Trustee is
required to maintain ledger accounts for each unitholder
identifying that unitholder (i.e., insurance company separate
account) and total units owned by each unitholder, a certified
copy or a duplicate original of the Trust and Custody
Agreement, a current list of the securities comprising the
portfolio of each series of the trust, and cash records of the
principal and income collected in each series of the trust.
Additionally the Trustee is required to make such annual or
other reports as may from time to time be required under any
applicable state or federal statute or rule or regulation
thereunder. With each distribution the unitholder is informed
by the Trustee of the total amount being distributed from the
income and principal accounts. Promptly after the end of each
calendar year the Trustee must furnish each unitholder with a
statement setting forth, among other things, the amounts
received and deductions therefrom in each account and the
amounts distributed or otherwise attributed to unitholders
from each account during such calendar year.
Reference is also made to statements under the captions,
"Trust Units" and "Unit Pricing" in the prospectus included in
the registrant's Form S-6.
20. State the substance of the provisions of any indenture or agreement
concerning the trust with respect to the following:
(a) Amendments to such indenture or agreement.
(b) The extension or termination of such indenture or agreement.
(c) The removal or resignation of the trustee or custodian, or the
failure of the trustee or custodian to perform its duties,
obligations and functions.
(d) The appointment of a successor trustee and the procedure if a
successor trustee is not appointed.
12
<PAGE> 13
(e) The removal or resignation of the depositor, or the failure of
the depositor to perform its duties, obligations and
functions.
(f) The appointment of a successor depositor and the procedure if
a successor depositor is not appointed.
For information relating to Item 20 reference is
made to statements under the caption, "The Trustee"
in the prospectus included in the registrant's Form
S-6.
21. (a) State the substance of the provisions of any indenture or
agreement with respect to loans to security holders.
Inapplicable.
(b) Furnish a brief description of any procedure or arrangement by
which loans are made available to security holders by the
depositor, principal underwriter, trustee or custodian, or any
affiliated person of the foregoing. The following items should
be covered:
(1) The name of each person who makes such agreements or
arrangements with security holders.
(2) The rate of interest payable on such loans.
(3) The period for which loans may be made.
(4) Costs or charges for default in repayment at
maturity.
(5) Other material provisions of the agreement or
arrangement.
Inapplicable.
(c) If such loans are made, furnish the aggregate amount of loans
outstanding at the end of the last fiscal year, the amount of
interest collected during the last fiscal year allocated to
the depositor, principal underwriter, trustee or custodian or
affiliated person of the foregoing and the aggregate amount of
loans in default at the end of the last fiscal year covered by
financial statements filed herewith.
Inapplicable.
22. State the substance of the provisions of any indenture or agreement with
respect to limitations on the liabilities of the depositor, trustee or
custodian, or any other party to such indenture or agreement.
For information relating to Item 22 reference is made to
provisions under the captions, "Depositor's Responsibilities"
and "The Trustee" in the proposed Trust
13
<PAGE> 14
and Custody Agreement filed as Exhibit A(1) to the
registrant's Form S-6.
23. Describe any bonding arrangement for officers, directors, partners or
employees of the depositor or principal underwriter of the trust,
including the amount of coverage and type of bond.
Officers, directors and employees of the depositor are covered
under a primary and an excess Financial Institution Bond, Form
25, in the amount of $10,000,000 with the Fidelity and Deposit
Insurance Company of Maryland.
24. State the substance of any other material provisions of any indenture or
agreement concerning the trust or its securities and a description of
any other material functions or duties of the depositor, trustee or
custodian not stated in Item 10 or Items 14 to 23 inclusive.
None.
III. ORGANIZATION, PERSONNEL AND AFFILIATED PERSONS OF DEPOSITOR
-----------------------------------------------------------
Organization and Operations of Depositor
----------------------------------------
25. State the form or organization of the depositor of the trust, the name
of the state or other sovereign power under the laws of which the
depositor was organized and the date of organization.
For information relating to Item 25, reference is made to
statements under the caption "Ohio National Life" in the
prospectus included in the registrant's Form S-6.
26. (a) Furnish the following information with respect to all fees
received by the depositor of the trust in connection with the
exercise of any functions or duties concerning securities of
the trust during the period covered by the financial
statements filed herewith.
Inapplicable.
(b) Furnish the following information with respect to any fee
or any participation in fees received by the depositor from
any underlying investment company or any affiliated person or
investment adviser of such company:
(1) The nature of such fee or participation.
(2) The name of the person making payment.
(3) The nature of the services rendered in
consideration for such fee or participation.
(4) The aggregate amount received during the last
fiscal year covered by the financial statements
filed herewith.
14
<PAGE> 15
Inapplicable.
27. Describe the general character of the business engaged in by the
depositor including a statement as to any business other than that of
depositor of the trust, if the depositor acts or has acted in any
capacity with respect to any investment company or companies other than
the trust, state the name or names of such company or companies, their
relationship, if any, to the trust, and the nature of the depositor's
activities therewith. If the depositor has ceased to act in such named
capacity, state the date of and circumstances surrounding such
cessation.
For information relating to Item 27, reference is made to
statements under the caption "Ohio National Life" in the
prospectus included in the registrant's Form S-6.
Officials and Affiliated Persons of Depositor
---------------------------------------------
28. (a) Furnish as at latest practicable date the following
information with respect to the depositor of the trust, with
respect to each officer, director, or partner of the
depositor, and with respect to each natural person directly or
indirectly owning, controlling or holding with power to vote
5% or more of the outstanding voting securities of the
depositor.
(b) Furnish a brief statement of the business experience during
the last five years of each officer, director or partner of
the depositor.
For information relating to Item 28, reference is made to
statements under the caption, "Ohio National Life" in the
prospectus included in the registrant's Form S-6.
Companies Owning Securities of Depositor
----------------------------------------
29. Furnish as at latest practicable date the following information with
respect to each company which directly or indirectly owns, controls or
holds with power to vote 5% or more of the outstanding voting securities
of the depositor.
For information relating to Item 29, reference is made to
statements under the caption, "Ohio National Life" in the
prospectus included in the registrant's Form S-6.
Controlling Persons
-------------------
30. Furnish as at latest practicable date the following information with
respect to any person, other than those covered by Items 28, 29 and 42,
who directly or indirectly controls the depositor.
None.
Compensation of Officers and Directors of Depositor
---------------------------------------------------
15
<PAGE> 16
Compensation of Officers of Depositor
-------------------------------------
31. Furnish the following information with respect to the remuneration for
services paid by the depositor during the last fiscal year covered by
financial statements filed herewith.
(a) directly to each of the officers or partners of the depositor
directly receiving the three highest amounts of remuneration
None.
(b) directly to all officers or partners of the depositor as a group
exclusive of persons whose remuneration is included under Item 31(a),
stating separately the aggregate amount paid by the depositor itself and
the aggregate amount paid by all the subsidiaries:
None.
(c) indirectly or through subsidiaries to each of the officers or
partners of the depositor:
None.
Compensation of Directors
-------------------------
32. Furnish the following information with respect to the remuneration for
services, exclusive of remuneration reported under Item 31, paid by the
depositor during the last fiscal year covered by the financial
statements filed herewith.
None.
Compensation to Employees
-------------------------
33. (a) Furnish the following information with respect to the aggregate
amount of remuneration for services of all employees of the depositor
(exclusive of persons whose remuneration is reported in Items 31 or 32)
who received remuneration in excess of $10,000 during the last fiscal
year covered by financial statements filed herewith from the depositor
and any of its subsidiaries.
None.
(b) Furnish the following information with respect to the remuneration
for services paid directly during the last fiscal year covered by the
financial statements filed herewith to the following classes of persons
(exclusive of those persons covered by Item 33(a): (1) Sales managers,
branch managers, district managers and other persons supervising the
sale of registrant's securities; (2) Salesmen, sales agents, canvassers
and other persons making solicitations but not in supervisory capacity;
(3) Administrative and clerical employees; and (4) Others (specify). If
a person is
16
<PAGE> 17
employed in more than one capacity, classify according to predominant
type of work.
None.
Compensation to Other Persons
-----------------------------
34. Furnish the following information with respect to the aggregate amount
of compensation for services paid any person (exclusive of persons whose
remuneration is reported in Items 31, 32 and 33), whose aggregate
compensation in connection with services rendered with respect to the
trust in all capacities exceeded $10,000 during the last fiscal year
covered by financial statements filed herewith from the depositor and
any of its subsidiaries.
None.
IV. DISTRIBUTION AND REDEMPTION OF SECURITIES
-----------------------------------------
Distribution of Securities
--------------------------
35. Furnish the names of the states in which sales of the trust's securities
(A) are currently being made, (B) are presently proposed to be made, and
(C) have been discontinued, indicating by appropriate letter the status
with respect to each state.
(A) No sales of the trust's securities are currently being made.
(B) It is proposed that initially the only state in which the
trust's securities will be sold will be Ohio. All of the
trust's securities will be owned of record by separate
accounts of The Ohio National life Insurance Company and Ohio
National Life Assurance Corporation.
(C) None.
36. If sales of the trust's securities have at any time since January 1,
1936 been suspended for more than a month describe briefly the reasons
for such suspension.
Inapplicable.
37. (a) Furnish the following information with respect to each instance
where subsequent to January 1, 1937, any federal or state governmental
officer, agency, or regulatory body denied authority to distribute
securities of the trust, excluding a denial which was merely a
procedural step prior to any determination by such officer, etc. and
which denial was subsequently rescinded.
(1) Name of officer, agency or body.
(2) Date of denial.
(3) Brief statement of reason given for denial.
17
<PAGE> 18
Inapplicable.
(b) Furnish the following information with regard to each instance
where subsequent to January 1, 1937, the authority to
distribute securities of the trust has been revoked by any
federal or state governmental officer, agency or regulatory
body.
(1) Name of officer, agency or body.
(2) Date of revocation.
(3) Brief statement of reason given for revocation.
Inapplicable.
38. (a) Furnish a general description of the method of distribution of
securities of the trust.
Securities of the trust are offered and sold only
to separate accounts of life insurance companies,
specifically, The Ohio National Life Insurance
Company and Ohio National Life Assurance
Corporation.
(b) State the substance of any current selling agreement between
each principal underwriter and the trust or the depositor,
including a statement as to the inception and termination
dates of the agreement, any renewal and termination
provisions, and any assignment provisions.
Inapplicable.
(c) State the substance of any current agreements or arrangements
of each principal underwriter with dealers, agents, salesmen,
etc. with respect to commissions and overriding commissions,
territories, franchises, qualifications, and revocations. If
the trust is the issuer of periodic payment plan certificates,
furnish schedules of commissions and the bases thereof. In
lieu of a statement concerning schedules of commissions, such
schedules of commissions may be filed as Exhibit A(3)(c).
Inapplicable.
Information Concerning Principal Underwriter
--------------------------------------------
39. (a) State the form of organization of each principal underwriter
of securities of the trust, the name of the state or other
sovereign power under the laws of which each underwriter was
organized and the date of organization.
(b) State whether any principal underwriter currently distributing
securities of the trust is a member of the National
Association of Securities Dealers, Inc.
The trust has no principal underwriter.
18
<PAGE> 19
40. (a) Furnish the following information with respect to all fees
received by each principal underwriter of the trust from the
sale of securities of the trust and any other functions in
connection therewith exercised by such underwriter in such
capacity or otherwise during the period covered by the
financial statements filed herewith.
(b) Furnish the following information with respect to any fee or
any participation in fees received by each principal
underwriter from any underlying investment company or any
affiliated person or investment adviser of such company.
(1) The nature of such fee or participation.
(2) The name of the person making payment.
(3) The nature of the services rendered in
consideration for such fee or participation.
(4) The aggregate amount received during the last
fiscal year covered by the financial statements
filed herewith.
Inapplicable.
41. (a) Describe the general character of the business engaged in by
each principal underwriter, including a statement as to any
business other than the distribution of securities of the
trust. If a principal underwriter acts or has acted in any
capacity with respect to any investment company or companies
other than the trust, state the name or names of such company
or companies, their relationship, if any, to the trust and the
nature of such activities. If a principal underwriter has
ceased to act in such named capacity, state the date of and
the circumstances surrounding such cessation.
For information relating to Item 14, reference is
made to statements under the caption, "Ohio
National Life" in the prospectus included in the
registrant's Form S-6.
(b) Furnish as at latest practicable date the address of each
branch office of each principal underwriter currently selling
securities of the trust and furnish the name and residence
address of the person in charge of such office.
Inapplicable.
(c) Furnish the number of individual salesmen of each principal
underwriter through whom any of the securities of the trust
were distributed for the last fiscal year of the trust covered
by the financial statements filed herewith and furnish the
aggregate amount of compensation received by such salesmen in
such year.
Inapplicable.
42. Furnish as at latest practicable date the following information with
respect to each principal underwriter currently distributing securities
of the trust and with respect to each of the officers, directors or
partners of such underwriter.
19
<PAGE> 20
Inapplicable.
43. Furnish, for the last fiscal year covered by the financial statements
filed herewith, the amount of brokerage commissions received by any
principal underwriter who is a member of a national securities exchange
and who is currently distributing the securities of the trust or
effecting transactions for the trust in the portfolio securities of the
trust.
Inapplicable.
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 purpose of determining the
offering price to the public of securities issued by the trust
or the valuation 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.
(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 information relating to Item 44(a) reference is made to
the statements under captions "Trust Units" and "Unit Pricing"
in the prospectus included in the registrant's Form S-6.
(b) Furnish a specimen schedule showing the components of the
offering price of the trust's securities as at the latest
practicable date.
Inapplicable.
(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.
Inapplicable.
20
<PAGE> 21
45. Furnish the following information with respect to any suspension of the
redemption rights of the securities issued by the trust during the three
fiscal years covered by the financial statements filed herewith:
(a) by whose action redemption rights were suspended.
(b) the number of days' notice given to security holders prior to
suspension of redemption of rights.
(c) reason for suspension.
(d) period during which suspension was in effect.
Inapplicable.
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.
(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 were made for fractions.
For information relating to Item 46, reference is
made to statements under the captions "Trust Units"
and "Unit Pricing" in the prospectus included in
the registrant's Form S-6.
(b) Furnish a specimen schedule showing the components of the
redemption price to the holders of the trust's securities as
at the latest practicable date.
Inapplicable.
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
21
<PAGE> 22
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 information relating to Item 47, reference is made to
statements on the cover page and under the captions, "Trust
Units" and "Unit Pricing" in the prospectus included in the
registrant's Form S-6.
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 the which the
trustee or custodian were organized.
(d) Name of governmental supervising or examining authority.
For information related to Item 48, reference is made to
statements under the caption, "The Trustee" in the prospectus
included in the registrant's Form S-6.
49. State the basis for payment of fees or expenses of the trustee or
custodian for services rendered with respect to the trust and its
securities, and the aggregate amount thereof for the last fiscal year.
Indicate the person paying such fees or expenses. If any fees or
expenses are prepaid, state the unearned amount.
For information relating to Item 49, reference is made to
statements under the captions "Trust Units" and "Unit Pricing"
in the prospectus included in the registrant's Form S-6.
50. State whether the trustee or custodian or any other person has or may
create a lien on the assets of the trust, and if so, give full
particulars, outlining the substance of the provisions of any indenture
or agreement with respect thereto.
Inapplicable.
VI. INFORMATION CONCERNING INSURANCE OF HOLDERS OF SECURITIES.
----------------------------------------------------------
51. Furnish the following information with respect to insurance of holders
of securities.
(a) The name and address of the insurance company.
(b) The types of policies and whether individual or group
policies.
(c) The types of risks insured and excluded.
(d) The coverage of the policies.
22
<PAGE> 23
(e) The beneficiaries of such policies and the uses to which the
proceeds of the policies must be put.
(f) The terms and manner of cancellation and of reinstatement.
(g) The method of determining the amount of premiums to be paid by
holders of securities.
(h) The amount of aggregate premiums paid to the insurance company
during the last fiscal year.
(i) Whether any person other than the insurance company receives
any part of such premiums, the name of each such person and
the amounts involved, and the nature of the services rendered
therefor.
(j) The substance of any other material provisions of any
indenture or agreement of the trust relating to insurance.
None.
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 adviser 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 or 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, described briefly the method of
selection of such person.
For information relating to Item 52(a), reference
is made to statements under the caption "Trust
Units" in the prospectus included in the
registrant's Form S-6.
(b) Furnish the following information with respect to each
transaction involving the elimination of any underlying
security during the period covered by the financial statements
filed herewith:
(1) Title of security.
(2) Date of elimination.
(3) Reasons for elimination.
(4) The use of the proceeds from the sale of the
eliminated security.
(5) Title of security substituted, if any.
(6) Whether depositor, principal underwriter, trustee
or custodian or any affiliated person of the
foregoing were involved in the transaction.
(7) Compensation or remuneration received by each such
person directly or indirectly as a result of the
transaction.
Inapplicable.
23
<PAGE> 24
(c) Describe the policy of the trust with respect to the
substitution and elimination of the underlying securities of
the trust with respect to:
(1) the grounds for elimination and substitution;
(2) the type of securities which may be substituted for
any underlying security;
(3) whether the acquisition of such substituted
security or securities would constitute the
concentration of investment in a particular
industry or group of industries or would conform to
a policy of concentration of investment in a
particular industry or group of industries;
(4) whether such substituted securities may be the
securities of another investment company; and
(5) the substance of the provisions of any indenture or
agreement which authorize or restrict the policy of
the registrant in this regard.
For information relating to Item 52(c) reference is
made to statements on the cover page and under the
caption "Trust Units" in the prospectus included in
the registrant's Form S-6.
(d) Furnish a description of any policy (exclusive of policies
covered by paragraphs (a) and (b) herein) of the trust which
is deemed a matter of fundamental policy and which is elected
to be treated as such.
Inapplicable.
Regulated Investment Company
----------------------------
53. (a) State the taxable status of the trust.
The trust is not a taxable entity for federal
income tax purposes. The trust's income and gains
will be treated, for tax purposes, as income and
gains of the owners of the securities issued by the
trust. Those owners are separate accounts of life
insurance companies and are taxed under Subchapter
L (Sections 801 and following) of the Internal
Revenue Code.
(b) State whether the trust qualified for the last taxable year as
a regulated investment company as defined in Section 851 of
the Internal Revenue Code of 1954, and state its present
intention with respect to such qualifications during the
current taxable year.
The trust was not in existence for the last taxable
year and its present intention is to not qualify as
a regulated investment company for the current
taxable year.
24
<PAGE> 25
VIII. FINANCIAL AND STATISTICAL INFORMATION
-------------------------------------
54. If the trust is not the issuer of periodic payment plan certificates,
furnish the following information with respect to each class or series
of its securities:
- --------------------------------------------------------------------------------
As at the end of each of registrant's past 10 fiscal years
- --------------------------------------------------------------------------------
: : : Dividends paid
: : : per share (if
: Total number of : : other than
Years : shares : Asset value per share : cash, explain)
- --------------------------------------------------------------------------------
Not applicable, as no securities issued by the registrant are
outstanding at the date hereof.
55. If the trust is the issuer of periodic payment plan certificates, a
transcript of a hypothetical account shall be filed in approximately the
following form on the basis of the certificate calling for the smallest
amount of payments. The schedule shall cover a certificate of the type
currently being sold, assuming that such certificate had been sold at a
date approximately ten years prior to the date of registration or at the
approximate date of organization of the trust.
Inapplicable.
56. If the trust is the issuer of periodic payment plan certificates,
furnish by years, for the period covered by the financial statements
filed herewith in respect of certificates sold during such period, the
following information for each fully paid type and each installment
payment type of periodic payment plan certificate currently being issued
by the trust.
Inapplicable.
57. If the trust is the issuer of periodic payment plan certificates,
furnish by years for the period covered by the financial statements
filed herewith the following information for each installment payment
type of periodic payment plan certificate currently being issued by the
trust.
Inapplicable.
58. If the trust is the issuer of periodic payment plan certificates,
furnish the following information for each installment payment type of
periodic payment plan certificate outstanding as at the latest
practicable date.
Inapplicable.
25
<PAGE> 26
FINANCIAL STATEMENTS
--------------------
Financial Statements of the Trust
---------------------------------
None.
Financial Statements of the Depositor
-------------------------------------
The "Financial Statements and Supplementary Data" of the
Depositor are filed as Exhibit E to the registrant's Form S-6.
EXHIBITS
--------
The following exhibits are filed with the registrant's Form S-6 and are
incorporated herein by reference:
A(1) Proposed Trust and Custody Agreement between the Depositor and the
Trustee.
A(6)(i) Copy of Articles of Incorporation of the Depositor.
A(6)(ii) Copy of Code of Regulations of the Depositor.
A(9)(i) Copy of proposed Services Agreement between the Depositor and First
Trust Advisors, L.P.
A(9)(ii) Copy of proposed Sublicense Agreement between the Depositor and First
Trust Advisors, L.P.
D Copy of Prospectus filed as part of the Registration Statement on Form
S-6 by Dow Target 10 Trust, ________ 1998 Series.
E Copy of Financial Statements of the Depositor as of December 31, 1997,
with Independent Auditor's Report.
26
<PAGE> 27
SIGNATURES
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 of Montgomery and state of Ohio on the 22nd
day of July, 1998.
DOW TARGET 10 TRUST,
______________ 1998 SERIES
and SUBSEQUENT SERIES
By: THE OHIO NATIONAL LIFE
INSURANCE COMPANY
(Depositor)
Attest: s/ Ronald L. Benedict By: s/John J. Palmer
----------------------- --------------------------------------------
Ronald L. Benedict John J. Palmer, Senior Vice President,
Secretary Strategic Initiatives
27
