Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940

Applicant seeks an order declaring that it has ceased to be an investment company. Applicant transferred its assets to Aberdeen Global Equity Fund, a series of Aberdeen Funds, and, on February 25, 2015, made a final distribution to its shareholders based on net asset value. Expenses of $248,555 incurred in connection with the reorganization were paid by applicant's investment adviser. Filing Date: The application was filed on December 31, 2015. Applicant's Address: 1735 Market Street, 32nd Floor, Philadelphia, PA 19103.