UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
APPLICATION PURSUANT TO SECTION 8(F)
OF THE INVESTMENT COMPANY OF 1940 ("ACT")
AND RULE 8F-1 THEREUNDER FOR ORDER DECLARING THAT COMPANY HAS
CEASED TO BE AN INVESTMENT COMPANY
I. General Identifying Information
1. Reason fund is applying to deregister (check only one; for
descriptions, see Instruction 1 above):
|X| Merger
|_| Liquidation
|_| Abandonment of Registration (Note: Abandonments of
Registration answer only questions 1 through 16,
25 and 26 of this form and complete verification
at the end of the form.)
|_| Election of status as a Business Development
Company (Note: Business Development Companies
answer only questions 1 through 11 of this form
and complete verification at the end of the form.)
2. Name of fund: Anchor Strategic Assets Trust
3. Securities and Exchange Commission File No.: 811-5963
4. Is this an initial Form N-8F or an amendment to a previously filed Form
N-8F?
|X| Initial Application |_| Amendment
5. Address of Principal Executive Office (include No. and Street, City,
State, Zip Code): 579 Pleasant Street, Suite 4, Paxton, Massachusetts 01612
6. Name, address, and telephone number of individual the Commission staff should
contact with any questions regarding this form:
Christopher Y. Williams
Anchor Investment Management Corporation
579 Pleasant Street, Suite 4
Paxton, Massachusetts 01612
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7. Name, address and telephone number of individual or entity responsible for
maintenance and preservation of fund records in accordance with rules 31a-1 and
31a-2 under the Act [17 CFR 270.31a-1, .31a-2]:
Christopher Y. Williams
Anchor Investment Management Corporation
579 Pleasant Street, Suite 4
Paxton, Massachusetts 01612
NOTE: Once deregistered, a fund is still required to
maintain and preserve the records described in rules
31a-1 and 31a-2 for the periods specified in those
rules.
8. Classification of fund (check only one):
|X| Management company;
|_| Unit investment trust; or
|_| Face-amount certificate company.
9. Subclassification if the fund is a management company (check only one):
|X| Open-end |_| Closed-end
10. State law under which the fund was organized or formed (e.g., Delaware,
Massachusetts): Massachusetts
11. Providing the name and address of each investment adviser of the fund
(including subadvisers) during the last five years, even if the fund's contracts
with those advisers have been terminated:
Anchor Investment Management Corporation
579 Pleasant Street, Suite 4
Paxton, Massachusetts 01612
12. Provide the name and address of each principal underwriter of the fund
during the last five years, even if the fund's contracts with those underwriters
have been terminated:
Meeschaert & Company
579 Pleasant Street, Suite 4
Paxton, Massachusetts 01612
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13. If the fund is a unit investment trust ("UIT") provide:
(a) Depositor's name (s) and address (es):
(b) Trustee's name (s) and address (es):
14. Is there a UIT registered under the Act that served as a vehicle for
investment in the fund (e.g., an insurance company separate account)?
|_| Yes |X| No
If Yes, for each UIT state:
Name (s):
File No.: 811-
Business Address:
15.
(a) Did the fund obtain approval from the board of directors concerning the
decision to engage in a Merger, Liquidation or Abandonment of Registration?
|X| Yes |_| No
If Yes, state the date on which the board vote took place:
June 21, 1999
If No, explain:
(b) Did the fund obtain approval from the shareholders concerning the decision
to engage in a Merger, Liquidation or Abandonment of Registration?
|X| Yes |_| No
If Yes, state the date on which the shareholder vote took
place: August 10, 1999
II. Distributions to Shareholders
16. Has the fund distributed any assets to its shareholders in connection
with the Merger or Liquidation?
|X| Yes |_| No
(a) If Yes, list the date (s) on which the fund made those distributions:
September 1, 1999
(b) Were the distributions made on the basis of net assets?
|X| Yes |_| No
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(c) Were the distributions made pro rata based on share ownership?
|X| Yes |_| No
(d) If No to (b) or (c) above, describe the method of distributions to
shareholders. For Mergers, provide the exchange ratio (s) used and explain how
it was calculated:
(e) Liquidations only:
Were any distributions to shareholders made in kind?
|_| Yes |X| No
If Yes, indicate the percentage of fund shares owned by affiliates,
or any other affiliation of shareholders:
17. Closed-end funds only: Has the fund issued senior securities?
|_| Yes |_| No
If Yes, describe the method of calculating payments to senior
security holders and distributions to other shareholder:
18. Has the fund distributed all of its assets to the fund's shareholders?
|X| Yes |_| No
If No,
(a) How many shareholders does the fund have as of the date this form is filed?
None
(b) Describe the relationship of each remaining shareholder to the fund:
19. Are there any shareholders who have not yet received distributions in
complete liquidation of their interests?
|_| Yes |X| No
If Yes, describe briefly the plans (if any) for distributing to, or
preserving the interests of, those shareholders:
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III. Assets and Liabilities
20. Does the fund have any assets as of the date this form is filed?
|_| Yes |X| No
If Yes,
(a) Describe the type and amount of each asset retained by the fund as of the
date this form is filed:
(b) Why has the fund retained the remaining assets?
(c) Will the remaining assets be invested in securities?
|_| Yes |X| No
21. Does the fund have any outstanding debts (other than face-amount
certificates if the fund is a face-amount certificate company) or any other
liabilities?
|_| Yes |X| No
If Yes,
(a) Describe the type and amount of each debt or other liability:
(b) How does the fund intend to pay these outstanding debts or other
liabilities?
IV. Information About Event (s) Leading to Request For Deregistration
22.
(a) List the expenses incurred in connection with the Merger or Liquidation:
(i) Legal expenses: $30,500
(ii) Accounting expenses: $ 6,500
(iii) Total expenses
(sum lines (i)-(ii)
above): $37,000
(b) How were those expenses allocated? Legal and accounting expenses incurred in
connection with the merger were paid by the investment company which acquired
the assets of the Applicant.
(c) Who paid those expenses? The investment company which acquired the assets of
the Applicant in the merger paid these expenses.
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(d) How did the fund pay for unamoritzed expenses (if any)? The investment
company which acquired the Applicant paid these expenses.
23. Did the fund file an application for an order of the Commission
regarding the Merger or Liquidation?
|X| Yes |_| No
If Yes, cite the release numbers of the Commission's notice and
order or, if no notice or order has been issued, the file number and date the
application was filed: Release No. 23991
V. Conclusion of Fund Business
24. Is the fund a party to any litigation or administrative proceeding?
|_| Yes |X| No
If Yes, describe the nature of any litigation or proceeding and the
position taken by the fund in that litigation:
25. Is the fund now engaged, or intending to engage, in any business activities
other than those necessary for winding up its affairs?
|_| Yes |X| No
If Yes, describe the nature and extent of those activities:
VI. Mergers Only
26.
(a) State the name of the fund surviving the Merger: Anchor Resource and
Commodity Trust
(b) State the file number of the fund surviving the Merger: 811-8706
(c) If the merger or reorganization agreement has been filed with the
Commission, state the file number and date the agreement was filed: The
Agreement and Plan of Reorganization was filed with the Commission as an exhibit
to Applicant's Form N-14 initially filed on June 23, 1999 and again on July 27,
1999 (No. 811-8706), and as an exhibit to its Application for Exemption filed on
June 25, 1999 (812-11704).
(d) If the merger or reorganization agreement has not been filed with the
Commission, attach a copy of the agreement as an exhibit to this form.
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VERIFICATION
The undersigned states that (i) he or she has executed this Form
N-8F application for an order under section 8(f) of the Investment Company Act
of 1940 on behalf of Short Duration U. S. Government Portfolio, (ii) he is the
President of Anchor Strategic Assets Trust, and (iii) all actions by
shareholders, directors, and any other body necessary to authorize the
undersigned to execute and file this Form N-8F application has been taken. The
undersigned also states that the facts set forth in this Form N-8F application
are true to the best of his or her knowledge, information, and belief.
/s/ DAVID Y. WILLIAMS
David Y. Williams, President
Anchor Strategic Assets Trust
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