SCTRINES AND EXCHANGE CON

Sin (a) of that Act. All the indivi
End of the corporate applicant, Foundati
The application filed by Foundation Plan Im
1, and the applications filed by all of th
Jer 1, 1940 requested that pending a f
the temporary exemption be granted in
ing the applications for temporary
in all applications and it was stipulated that
the basis of the verified applications f
ch applicant by separate order of the
pily empted from the provisions of Sec
bomination by the Commission on the appli
comptin

Brings were held before a trial examin
atin. All four applications involved legal
which an pratically identical. After exam

the falling fodings as to all of th

Fantin Pan Incorporated, the corpor per and underwriter of periodic payment p the sparate funds. The three funds are Istent Company Act of 1940 as investmen