UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-8F
APPLICATION FOR DEREGISTRATION OF CERTAIN REGISTERED INVESTMENT COMPANIES
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 15, 24
and 25 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 10 of
this form and complete verification at the end of the form.)
2. Name of fund: Bear Stearns Investment Trust
3. Securities and Exchange Commission File No: 811- 07290
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. & Street, City,
State, Zip Code): 575 Lexington Avenue
New York, NY 10022
6. Name, address and telephone number of individual the Commission
staff should contact with any questions regarding this form:
Frank J. Maresca
Bear Stearns Funds Management Inc.
575 Lexington Avenue
New York, NY 10022
(212) 272-2093
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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].
(1) PFPC Inc. (2) Bear Stearns Funds Management Inc.
Bellevue Corporate Center 575 Lexington Avenue
400 Bellevue Parkway New York, NY 10022
Wilmington, DE 19809
Phone #: (302) 791-1700 Phone #: (212) 272-2093
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):
Commonwealth of Massachusetts
11. Provide the name and address of each investment adviser of the fund
(including sub-advisers) during the last five years, even if the fund's
contracts with those advisers have been terminated:
Investment Adviser
Bear Stearns Asset Management Inc.
575 Lexington Avenue
New York, NY 10022
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Former Investment Adviser
Credit Suisse Asset Management, LLC/
formerly known as BEA Associates
153 East 53rd Street
New York, NY 10022
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:
Bear, Stearns & Co. Inc.
245 Park Avenue
New York, NY 10167
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: 11/12/98
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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:
4/29/99
If No, explain:
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:
7/29/99
(b) Were the distributions made on the basis of net assets?
[ ] Yes [X] No
(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:
The exchange ratio is 1:1. Each shareholder's account was credited
with the respective pro rata number of full and fractional shares (rounded
to the third decimal place) of Emerging Markets Debt Portfolio, an
investment portfolio of The Bear Stearns Funds, due that shareholder by
class.
(e) Liquidations only:
Were any distributions to shareholders made in kind?
[ ] Yes [ ] 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
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If Yes, describe the method of calculating payments to senior security
holders and distributions to other shareholders:
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?
(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:
III. Assets and Liabilities
20. Does the fund have any assets as of the date this form is filed? (See
question 18 above)
[ ] 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 [ ] 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?
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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:
Kramer Levin Naftalis & Frankel LLP $ 35,000.00
(approximate)
Mayer Brown & Platt $ 23,161.94
(ii) Accounting expenses: 0
(iii) Other expenses (list and identify separately):
Blue Sky (State payments made to date) $ 38,611.22
Printing (Proxy) $ 3,513.09
Proxy Solicitation $ 2,920.30
CUSIP $ 121.00
ADP $ 1,974.78
(iv) Total expenses (sum of lines (i)-(iii) above): $105,302.33
(b) How were those expenses allocated? The Bear Stearns Funds/Emerging
Markets Debt Portfolio paid 70% of expenses and Bear Stearns Investment
Trust/Emerging Markets Debt Portfolio paid 30% of expenses.
(c) Who paid those expenses? The Bear Stearns Funds/Emerging Markets Debt
Portfolio and Bear Stearns Investment Trust/Emerging Markets Debt
Portfolio.
(d) How did the fund pay for unamortized expenses (if any)? N/A
23. Has the fund previously filed an application for an order of the
Commission regarding the Merger or Liquidation?
[ ] Yes [X] 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:
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:
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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: The Bear Stearns
Funds/Emerging Markets Debt Portfolio
(b) State the Investment Company Act file number of the fund surviving the
Merger: 811-8798
(c) If the merger or reorganization agreement has been filed
with the Commission, state the file number(s), form type
used and date the agreement was filed:
File # 33-53368 Form Type: DEFS14A Agreement filed: 3/11/99
(d) If the merger or reorganization agreement has not been filed with the
Commission, provide a copy of the agreement as an exhibit to this form.
VERIFICATION
The undersigned states that (i) he has executed this Form N-8F application
for an order under section 8(f) of the Investment Company Act of 1940 on behalf
of Bear Stearns Investment Trust (ii) he is the Vice President and Treasurer of
Bear Stearns Investment 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 have been taken. The undersigned also states that the
facts set forth in this Form N-8F application are true to the best of his
knowledge, information and belief.
/s/Frank J. Maresca
-------------------------
Frank J. Maresca
