-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RQUCCA50cdQrA3nOEeOjgpYXUzhc/eox0yeQh2pp1NKbU/CEqsAOCLJeX8+V7MzF sJEdVGpn1/lMGFYdJQ7qTQ== 0000789289-96-000031.txt : 19960820 0000789289-96-000031.hdr.sgml : 19960820 ACCESSION NUMBER: 0000789289-96-000031 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960819 EFFECTIVENESS DATE: 19960819 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLANCHARD FUNDS CENTRAL INDEX KEY: 0000789289 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 133333918 STATE OF INCORPORATION: MA FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 033-03165 FILM NUMBER: 96617409 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-04579 FILM NUMBER: 96617410 BUSINESS ADDRESS: STREET 1: 41 MADSON AVE 24TH FL CITY: NEW YORK STATE: NY ZIP: 10010 BUSINESS PHONE: 2127797979 MAIL ADDRESS: STREET 1: 41 MADISON AVENUE 24TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10010 FORMER COMPANY: FORMER CONFORMED NAME: BLANCHARD STRATEGIC GROWTH FUND DATE OF NAME CHANGE: 19901225 485BPOS 1 1933 Act File No. 33-3165 1940 Act File No. 811-4579 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form N-1A REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Pre-Effective Amendment No. .......... Post-Effective Amendment No. 36 ............ and/or REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 Amendment No. 36 ........................... Blanchard Funds (Exact Name of Registrant as Specified in Charter) Federated Investors Tower, Pittsburgh, Pennsylvania 15222-3779 (Address of Principal Executive Offices) (412) 288-1900 (Registrant's Telephone Number) John W. McGonigle, Esquire, Federated Investors Tower, Pittsburgh, Pennsylvania 15222-3779 (Name and Address of Agent for Service) It is proposed that this filing will become effective: immediately upon filing pursuant to paragraph (b) X on August 26, 1996 pursuant to paragraph (b) 60 days after filing pursuant to paragraph (a) (i) on pursuant to paragraph (a) (i). 75 days after filing pursuant to paragraph (a)(ii) on pursuant to paragraph (a)(ii) of Rule 485. ----------------- If appropriate, check the following box: X This post-effective amendment designates a new effective date for a previously filed post-effective amendment. Registrant has filed with the Securities and Exchange Commission a declaration pursuant to Rule 24f-2 under the Investment Company Act of 1940, and: X filed the Notice required by that Rule on June 14, 1996; or intends to file the Notice required by that Rule on or about ; ------------ or during the most recent fiscal year did not sell any securities pursuant to Rule 24f-2 under the Investment Company Act of 1940, and, pursuant to Rule 24f-2(b)(2), need not file the Notice. Copies To: Matthew G. Maloney, Esquire Dickstein, Shapiro & Morin, L.L.P. 2101 L Street, N.W. Washington, D.C. 20037 CROSS REFERENCE SHEET This Amendment to the Registration Statement of Blanchard Funds, which consists of seven investment portfolios: (1) Blanchard Asset Allocation Fund; (2) Blanchard Capital Growth Fund; (3) Blanchard Flexible Income Fund; (4) Blanchard Flexible Tax-Free Bond Fund; (5) Blanchard Global Growth Fund; (6) Blanchard Growth & Income Fund; and (7) Blanchard Short-Term Flexible Income Fund; relates only to Blanchard Global Growth Fund; Blanchard Flexible Income Fund; Blanchard Short-Term Flexible Income Fund; and Blanchard Flexible Tax-Free Bond Fund, and is comprised of the following: Part A. INFORMATION REQUIRED IN A PROSPECTUS. Prospectus Heading (Rule 404(c) Cross Reference) Item 1. (1-7) Cover Page. Item 2. (1-7) Fee Table, Summary of Fund Expenses. Item 3. (1-7) Highlights. Item 4. (1-7) Investment Objectives and Policies; Additional Information about the Funds and Portfolios; Additional Information on Investment Policies and Techniques; (1-7) General Information; Investment Information; Investment Objective; Investment Policies; Additional Risk Considerations; Investment Risks Associated with Investment in Equity and Debt Securities. Item 5. (1-7) Management of the Funds; Portfolio Advisory Services. (1-7) Blanchard Funds Information; Management of the Fund; Distribution of Fund Shares; Administration of the Fund. (1-7) Transfer Agent and Dividend Disbursing Agent Item 5 A. (1-7) Performance of the Portfolio Adviser; Performance Computation Information. (1-7) Not Applicable Item 6. (1-7) Additional Information about the Funds and the Portfolios; Other Information; Cover Page; Shareholder Inquiries; Tax Matters. (1-7) Expenses of the Fund; General Information; Shareholder Information; Voting Rights; Massachusetts Partnership Law; Tax Information; Federal Income Tax. Item 7. (1-7) How to Invest; Investor Services; How to Invest; Distribution of Shares of the Funds. (1-7) Net Asset Value; How to Invest; Purchases by Mail; Investors Services; Automatic Withdrawal Plan. Item 8. (1-7) How to Redeem; By Telephone; By Mail. Item 9. (1-7) Not Applicable Part B. INFORMATION REQUIRED IN A STATEMENT OF ADDITIONAL INFORMATION Item 10. (1-7) Cover Page. Item 11. (1-7) Table of Contents. Item 12. (1-7) Not Applicable Item 13. (1-7) Investment Objective; Policies and Restrictions; Portfolio Transactions. (1-7) General Information About the Fund; Investment Objectives and Policies; Investment Limitations. Item 14. (1-7) The Management of the Fund. (1-7) Blanchard Funds Management; Trustee Compensation. Item 15. (1-7) Not Applicable (1-7) Share Ownership. Item 16. (1-7) Investment Advisory Services; Investment Advisory Services; Cover Page; See Prospectus. (1-7) Investment Advisory Services; Administrative Services; Custodian. Item 17. (1-7) Portfolio Transactions. (1-7) Brokerage Transactions. Item 18. (1-7) See Prospectus. Item 19. (1-7) See Prospectus; Computation of Net Asset Value. (1-7) Purchasing Shares; Determining Net Asset Value; Redeeming Shares; Redemption in Kind. Item 20. (1-7) Tax Matters. (1-7) Tax Status. Item 21. (1-7) Not Applicable Item 22. (1-7) Performance Information. (1-7) Total Return; Yield; Performance Comparisons. Item 23. (1-7) Not Applicable Incorporate by reference pursuant to Rule 411 under the Securities Act of 1933, Parts A and B, filed as Post-Effective Amendment No. 25, filed June 21, 1996, in their entirety (File Nos. 33-3165 and 811-4579). PART C. OTHER INFORMATION ITEM 24. FINANCIAL STATEMENTS AND EXHIBITS (a) Financial Statements. (1-7) To be filed by amendment. (2,6)Audited Financial Statements for the fiscal year ended October 31, 1995 are incorporated herein by reference to the Annual Report of Shareholders dated December 31, 1995. (b) Exhibits 1. (a) Declaration of Trust of Registrant.(1) (b) Amendment of Declaration of Trust.(7) 2. By-laws of Registrant.(1) 3. Not Applicable 4. Specimen certificate for shares of beneficial interest of Registrant.(2) 5. (i) Form of Management Contract between Registrant, on behalf of each of the series, and Virtus Capital Management, Inc.(19) (ii) The Registrant incorporates the Forms of Sub-Advisory Agreements for Global (formerly Strategic) Growth Fund, Worldwide Emerging Markets Fund, Short- Term Global Income Fund, American Equity (formerly Worldwide Bond) Fund, Flexible Income Fund, Short-Term Bond Fund, Flexible Tax-Free Bond Fund, and Global Growth Fund between Virtus Capital Management, Inc., and Rose & Ehrman, Investment Advisors, Inc. and Fiduciary International, Inc.; OFFITBANK; Lombard Odier International Portfolio Management Limited; Provident Investment Counsel, Inc.; OFFITBANK; OFFITBANK; U.S. Trust Company of New York; Martin Currie Inc.; and Martin Currie Inc. from Item 5(b)(x)(a)-xviii) of the Blanchard Funds Registration Statement filed with the Commission on August 7, 1995. (File Number 33-3165 and 811-4579). (iii) The Registrant incorporates the Form of Global Asset Allocation Agreement between Virtus Capital Management, Inc. and Fiduciary International, Inc. for Global (formerly Strategic) Growth Fund from Item 5(b)(x)(b) of the Blanchard Funds Registration Statement filed with the Commission on August 7, 1995. (File Number 33-3165 and 811-4579). (iv) The Registrant incorporates the Form of Sub-Advisory Agreement between Lombard Odier International Portfolio Management Limited and WLO Global Management for Short-Term Global Income Fund from Item 5(b)(xix) of the Blanchard Funds Registration Statement filed with the Commission on August 7, 1995. (File Number 33-3165 and 811-4579). 6. (i) Conformed copy of Distributor's Contract between Registrant, on behalf of each of the series, and Federated Securities Corp.(19) 7. Not Applicable. 8. (i) Form of Custodian Contract between Registrant, on behalf of each series and Signet Trust Company.(17) (ii) Form of Agreement for Fund Accounting, Shareholder Recordkeeping and Custody Services Procurement between Registrant, on behalf of each series and Federated Services Company.(17) 9. (i) Conformed copy of Administrative Services Agreement between Registrant, on behalf of each series, and Federated Administrative Services.(19) (ii) Form of Transfer Agency and Fund Accounting and Pricing Services Agreements for Growth & Income Fund.(18) 10. None. 11. Conformed copy of consent of Price Waterhouse LLP.(20) 12. Not applicable. 13. Agreement re: initial $100,000 capital.(3) 14. Copies of model tax-sheltered retirement plans.(3) 15. (i) Conformed copy of Distribution Plan.(19) (ii) Copy of 12b-1 Agreement.(19) 16.(i) Schedule of Performance Quotations for Global (formerly Strategic) Growth Fund series and for Blanchard 100% Treasury (formerly Government) Money Market Fund series.(5) (ii) Schedule of Performance Quotations for Short-Term Global Income Fund series(6) (iii) Schedule of Performance Quotations for American Equity (formerly Worldwide Bond) Fund series(9) (iv) Schedule of Performance Quotations for Flexible Income Fund series.(10) (v) Schedule of Performance Quotations for Short-Term Bond Fund series.(11) (vi) Schedule of Performance Quotations for Flexible Tax-Free Bond Fund series.(12) (vii) Schedule of Performance Quotations for Emerging Markets Fund (formerly Blanchard Asset Manager or Blanchard Asset Allocation Fund) series.(12) (viii) Forms of computation of performance quotations for Growth & Income and Capital Growth series.(18) 17. Copy of Financial Data Schedules.(21) 18. Not applicable. 19. Conformed Copy of Power of Attorney.(19) + All Exhibits Have been filed electronically. 1 Previously filed on February 5, 1986 in the Registrant's Registration Statement. 2 Previously filed on March 28, 1986 in Pre-Effective Amendment No. I to the Registrant's Registration Statement. 3 Previously filed on April 23, 1986 in Pre-Effective Amendment No. 2 to the Registrant's Registration Statement. 5 Previously filed on July 3, 1990 in Post-Effective Amendment No. 6 to the Registrant's Registration Statement. 6 Previously filed on November 2, 1990 in Post-Effective Amendment No. 7 to the Registrant's Registration Statement. 7 Previously filed on December 21, 1990 in Post-Effective Amendment No. 8 to the Registrant's Registration Statement. 9 Previously filed on June 8, 1992 in Post-Effective Amendment No. 13 to the Registrant's Registration Statement. 10 Previously filed on September 3, 1992 in Post-Effective Amendment No. 15 to the Registrant's Registration Statement. 11 Previously filed on February 5, 1993 in Post-Effective Amendment No. 16 to the Registrant's Registration Statement. 12 Previously filed on May 25, 1993 in Post-Effective Amendment No. 17 to the Registrant's Registration Statement. 17 To be filed by amendment. 18 Previously filed on August 7, 1995 in Post-Effective Amendment No. 29 to the Registrant's Registration Statement. 19 Previously filed on October 17, 1995 in Post-Effective Amendment No. 31 to the Registrant's Registration Statement. 20 Previously filed on February 27, 1996 in Post-Effective Amendment No. 33 to the Registrant's Registration Statement. 21 Previously filed on June 21, 1996 in Post-Effective Amendment No. 25 to the Registrant's Registration Statement. ITEM 25. Persons Controlled By or Under Common Control with Registrant See "The Manager and Management Agreement" in the Prospectus and Statement of Additional Information. ITEM 26. Number of Holders or Securities Number of Record Holders Title of Class as of June 13, 1996 BCGF 283 BG&IF 1,945 BAAF 3 BFTFBF 2,173 BSTFIF 16,742 BFIF 37,375 BGGF 14,966 ITEM 27. Indemnification (20) ITEM 28. Business and Other Connections or Investment Adviser For a description of the other business of Virtus Capital Management, Inc. see "Management of the Funds" in Part A. The officers of Virtus Capital Management, Inc. are: Gary M. Allen President and Chief Investment Officer, Director VCM, since March 1995; Senior Vice President STC (March 1994 to March 1995); Managing Director of U.S. Equities (November 1990 to March 1994) and Director, Internal Asset Management (June 1985 to November 1990) of the Virginia Retirement System. E. Christian Goetz Senior Vice President Director of Fixed Income, and Director VCM, since March 1995; Portfolio Manager STC (November 1990 to March 1995). Tanya Orr Bird Vice President and Director of Client Services, Director VCM, since March 1995; Vice President of Client Services, STC (October 1994 to March 1995); Consultant, William M. Mercer Asset Planning Inc., 1989 to October 1994. Kevin M. Lewis Vice President and Senior Equity Manager, VCM, Director since March 1995; Equity Manager, STC, from 1987 to March 1995. ITEM 29. Principal Underwriters (a) Federated Securities Corp., the Distributor for shares of the Registrant, also acts as principal underwriter for the following open-end investment companies: 111 Corcoran Funds; Annuity Management Series; Arrow Funds; Automated Government Money Trust; BayFunds; Blanchard Funds; Blanchard Precious Metals Fund, Inc.; Cash Trust Series II; Cash Trust Series, Inc.; DG Investor Series; Edward D. Jones & Co. Daily Passport Cash Trust; Federated Adjustable Rate U.S. Government Fund, Inc.; Federated American Leaders Fund, Inc.; Federated ARMs Fund; Federated Equity Funds; Federated Equity Income Fund, Inc.; Federated Fund for U.S. Government Securities, Inc.; Federated GNMA Trust; Federated Government Income Securities, Inc.; Federated Government Trust; Federated High Income Bond Fund, Inc.; Federated High Yield Trust; Federated Income Securities Trust; Federated Income Trust; Federated Index Trust; Federated Institutional Trust; Federated Insurance Series; Federated Master Trust; Federated Municipal Opportunities Fund, Inc.; Federated Municipal Securities Fund, Inc.; Federated Municipal Trust; Federated Short-Term Municipal Trust; Federated Short-Term U.S. Government Trust; Federated Stock and Bond Fund, Inc.; Federated Stock Trust; Federated Tax-Free Trust; Federated Total Return Series, Inc.; Federated U.S. Government Bond Fund; Federated U.S. Government Securities Fund: 1-3 Years; Federated U.S. Government Securities Fund: 2-5 Years; Federated U.S. Government Securities Fund: 5-10 Years; Federated Utility Fund, Inc.; First Priority Funds; Fixed Income Securities, Inc.; Fortress Utility Fund, Inc.; High Yield Cash Trust; Independence One Mutual Funds; Intermediate Municipal Trust; International Series, Inc.; Investment Series Funds, Inc.; Investment Series Trust; Liberty U.S. Government Money Market Trust; Liquid Cash Trust; Managed Series Trust; Marshall Funds, Inc.; Money Market Management, Inc.; Money Market Obligations Trust; Money Market Trust; Municipal Securities Income Trust; Newpoint Funds; Peachtree Funds; RIMCO Monument Funds; SouthTrust Vulcan Funds; Star Funds; Targeted Duration Trust; Tax- Free Instruments Trust; The Biltmore Funds; The Biltmore Municipal Funds; The Monitor Funds; The Planters Funds; The Starburst Funds; The Starburst Funds II; The Virtus Funds; Tower Mutual Funds; Trust for Financial Institutions; Trust for Government Cash Reserves; Trust for Short-Term U.S. Government Securities; Trust for U.S. Treasury Obligations; Vision Group of Funds, Inc.; and World Investment Series, Inc. Federated Securities Corp. also acts as principal underwriter for the following closed-end investment company: Liberty Term Trust, Inc. - 1999. (b) (1) (2) (3) Name and Principal Positions and Offices Positions and Offices Business Address With Underwriter With Registrant Richard B. Fisher Director, Chairman, Chief Vice President Federated Investors Tower Executive Officer, Chief Pittsburgh, PA 15222-3779 Operating Officer, Asst. Secretary, and Asst. Treasurer, Federated Securities Corp. Edward C. Gonzales Director, Executive ViceExecutive Vice Federated Investors Tower President, Federated, President Pittsburgh, PA 15222-3779 Securities Corp. John W. McGonigle Director, Federated Executive Vice Federated Investors Tower Securities Corp. President,Secretary Pittsburgh, PA 15222-3779 and Treasurer John B. Fisher President-Institutional Sales, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 James F. Getz President-Broker/Dealer, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 Mark R. Gensheimer Executive Vice President of -- Federated Investors Tower Bank/Trust, Federated Pittsburgh, PA 15222-3779 Securities Corp. Mark W. Bloss Senior Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 Richard W. Boyd Senior Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 Theodore Fadool, Jr. Senior Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 Bryant R. Fisher Senior Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 Christopher T. Fives Senior Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 James S. Hamilton Senior Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 James M. Heaton Senior Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 (1) (2) (3) Name and Principal Positions and Offices Positions and Offices Business Address With Underwriter With Registrant Keith Nixon Senior Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 Solon A. Person, IV Senior Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 Timothy C. Pillion Senior Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 Thomas E. Territ Senior Vice President, -- Federated Investors Tower Federated Securities Corp Pittsburgh, PA 15222-3779 John B. Bohnet Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 Byron F. Bowman Vice President, Secretary, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 Jane E. Broeren-Lambesis Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 Mary J. Combs Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 R. Edmond Connell, Jr. Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 Kevin J. Crenny Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 Daniel T. Culbertson Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 G. Michael Cullen Vice President, -- Federated Investors Tower Federated Securites Corp. Pittsburgh, PA 15222-3779 Laura M. Deger Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 Jill Ehrenfeld Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 Mark D. Fisher Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 (1) (2) (3) Name and Principal Positions and Offices Positions and Offices Business Address With Underwriter With Registrant Michael D. Fitzgerald Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 Joseph D. Gibbons Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 Craig S. Gonzales Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 Richard C. Gonzales Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 Scott A. Hutton Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 H. Joeseph Kenedy Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 William E. Kugler Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 Steven A. La Versa Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 Mark J. Miehl Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 Richard C. Mihm Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 J. Michael Miller Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 Michael P. O'Brien Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 Robert D. Oehlschlager Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 Robert F. Phillips Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 (1) (2) (3) Name and Principal Positions and Offices Positions and Offices Business Address With Underwriter With Registrant Eugene B. Reed Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 Paul V. Riordan Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 John C. Shelar, Jr. Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 David W. Spears Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 Jeffrey A. Stewart Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 Jamie M. Teschner Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 William C. Tustin Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 Paul A. Uhlman Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 Richard B. Watts Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 Michael P. Wolff Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 Charlene H. Jennings Assistant Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 J. Timothy Radcliff Assistant Vice President, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 Denis McAuley Treasurer, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 Thomas R. Donahue Asstistant Secretary, -- Federated Investors Tower Assistant Treasurer, Pittsburgh, PA 15222-3779 Federated Securities Corp. Joseph M. Huber Assistant Secretary, -- Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 (1) (2) (3) Name and Principal Positions and Offices Positions and Offices Business Address With Underwriter With Registrant David M. Taylor Assistant Secretary, Federated Investors Tower Federated Securities Corp. Pittsburgh, PA 15222-3779 (c) not applicable ITEM 30. Location of Accounts and Records The accounts and records required to be maintained by Section 31(a) of the Investment Company Act of 1940 and Rules 31a-1 through 31a-3 promulgated thereunder are maintained at one of the following locations: Blanchard Funds Federated Investors Tower Pittsburgh, PA Federated Shareholder Services P.O. Box 8600 Company (Transfer Agent,Dividend Boston, MA Disbursing Agent and Portfolio Recordkeeper) Federated Administrative Federated Investors Tower Services (Administrator) Pittsburgh, PA Virtus Capital Management, Inc. 707 East Main Street (Adviser) Suite 1300 Richmond, VA Signet Trust Company 7 North Eighth Street (Custodian) Richmond, VA ITEM 31. Management Services Not applicable. ITEM 32. Undertakings Registrant hereby undertakes to comply with the provisions of Section 16(c) of the 1940 Act with respect to the removal of Trustees and the calling of special shareholder meetings by shareholders. Registrant undertakes to furnish each person to whom a prospectus is delivered a copy of the latest annual report to shareholders, upon request and without charge. SIGNATURES Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant, BLANCHARD FUNDS, has duly caused this Amendment to its Registration Statement to be signed on its behalf by the undersigned, thereto duly authorized, in the City of Pittsburgh and Commonwealth of Pennsylvania, on the 19st day of August, 1996. BLANCHARD FUNDS BY: /s/C. Grant Anderson C. Grant Anderson, Assistant Secretary Attorney in Fact for John F. Donahue August 19, 1996 Pursuant to the requirements of the Securities Act of 1933, this Amendment to its Registration Statement has been signed below by the following person in the capacity and on the date indicated: NAME TITLE DATE By:/s/C. Grant Anderson C. Grant Anderson Attorney In Fact August 19, 1996 ASSISTANT SECRETARY For the Persons Listed Below John F. Donahue* Chairman and Trustee (Chief Executive Officer) Edward C. Gonzales* President, Treasurer and Trustee (Principal Financial and Accounting Officer) Thomas G. Bigley* Trustee John T. Conroy, Jr.* Trustee William J. Copeland* Trustee James E. Dowd* Trustee Lawrence D. Ellis, M.D.* Trustee Edward L. Flaherty, Jr.* Trustee Peter E. Madden* Trustee Gregor F. Meyer* Trustee John E. Murray, Jr.* Trustee Wesley W. Posvar* Trustee Marjorie P. Smuts* Trustee *By Power of Attorney -----END PRIVACY-ENHANCED MESSAGE-----