SEC NEWS DIGEST Issue 2002-50 March 14, 2002 INVESTMENT COMPANY ACT RELEASES PUTNAM AMERICAN GOVERNMENT INCOME FUND, ET AL. A notice has been issued giving interested persons until April 8, 2002, to request a hearing on an application filed by Putnam American Government Income Fund, et al. for an order under Section 6(c) of the Investment Company Act exempting applicants from Sections 18(f) and 21(b) of the Act, under Section 12(d)(1)(J) exempting applicants from Section 12(d)(1) of the Act, under Sections 6(c) and 17(b) exempting applicants from Sections 17(a)(1) and (3) of the Act, and under Section 17(d) of the Act and Rule 17d-1 under the Act. The order would permit certain registered investment companies to participate in a joint lending and borrowing facility. (Rel. IC-25461 - March 13) FINANCIAL INVESTORS TRUST, ET AL. A notice has been issued giving interested persons until April 8, 2002, to request a hearing on an application filed by Financial Investors Trust, et al. for an order under Section 12(d)(1)(J) of the Investment Company Act for an exemption from Sections 12(d)(1)(A) and (B) of the Act, under Sections 6(c) and 17(b) of the Act for an exemption from Section 17(a) of the Act, and under Section 17(d) of the Act and Rule 17d-1 under the Act to permit certain joint transactions. The order would permit certain management investment companies to invest uninvested cash and cash balances in affiliated money market funds in excess of the limits in Sections 12(d)(1)(A) and (B) of the Act. (Rel. IC-25462 - March 13) HOLDING COMPANY ACT RELEASES E.ON AG, ET AL. A notice has been issued giving interested persons until April 8, 2002, to request a hearing on a proposal by E.ON AG (E.ON), a German holding company not currently registered under the Act; E.ON's direct and indirect subsidiaries; Powergen plc (Powergen), a U.K. registered holding company and (iii) Powergen's direct and indirect subsidiaries, specifically including Powergen's indirect wholly owned subsidiary, LG&E Energy Corp. (LG&E Energy), a Kentucky holding company exempt from registration under Section 3(a)(1) of the Act, and LG&E Energy's utility subsidiaries Louisville Gas and Electric Company and Kentucky Utilities Company (collectively, Applicants). Applicants request authority for certain financings related to the acquisition by E.ON of Powergen. Following the Acquisition, E.ON intends to register under Section 5 of the Act. (Rel. 35-27497) SELF-REGULATORY ORGANIZATIONS PROPOSED RULE CHANGES The Boston Stock Exchange filed a proposed rule change (SR-BSE-2002-02) to delete references to fractional pricing from BSE rules. Publication of the notice in the Federal Register is expected during the week of March 18. (Rel. 34-45537) The Cincinnati Stock Exchange filed a proposed rule change (SR-CSE-2002- 02) to amend trading rules to eliminate references to fractional price variations. Publication of the notice in the Federal Register is expected during the week of March 18. (Rel. 34-45538) The International Securities Exchange filed a proposed rule change (SR- ISE-2002-06) relating to minimum pricing increments for options quotations. Publication of the proposal is expected in the Federal Register during the week of March 18. (Rel. 34-45541) The Chicago Board Options Exchange filed a proposed rule change (SR-CBOE- 2001-65) to permit a single response from market makers to a request to execute a large order. Publication of the proposal is expected in the Federal Register during the week of March 18. (Rel. 34-45542) A proposed rule change has been filed by the Pacific Exchange relating to the permanent adoption of decimal pricing and the establishment of a minimum price variation for quoting in equity securities and options (SR- PCX-2002-04). Publication of the proposal is expected in the Federal Register during the week of March 18. (Rel. 34-45544) The Government Securities Clearing Corporation filed a proposed rule change (SR-GSCC-2002-02) that would allow GSCC to amend its trade data submission requirements for Netting and Comparison-Only members. Publication of the proposal is expected in the Federal Register during the week of March 18. (Rel. 34-45548) The National Association of Securities Dealers, through its subsidiary, the Nasdaq Stock Market, Inc., filed a proposed rule change (SR-NASD- 2001-97) and Amendment No. 1 thereto relating to the elimination of the interval delay in Nasdaq's SuperMontage System. Publication of the proposal is expected in the Federal Register during the week of March 18. (Rel. 34-45554) IMMEDIATE EFFECTIVENESS OF PROPOSED RULE CHANGES A proposed rule change (SR-Amex-2002-14) submitted by the American Stock Exchange to extend the eQPriority pilot program for an additional six months has been filed and become immediately effective pursuant to Rule 19b-4 under the Securities Exchange Act of 1934. (Rel. 34-45536) A proposed rule change filed by the New York Stock Exchange (SR-NYSE- 2002-14) extending the pilot regarding shareholder approval of stock option plans until May 13, 2002 has become effective under Section 19(b)(3)(A) of the Securities Exchange Act of 1934. Publication of the proposal is expected in the Federal Register during the week of March 18. (Rel. 34-45546) APPROVAL OF PROPOSED RULE CHANGE The Commission approved a proposed rule change (SR-PHLX-2001-120) submitted by the Philadelphia Stock Exchange amending Phlx Rule 237, "The eVWAP Morning Session." Publication of the order in the Federal Register is expected during the week of March 18. (Rel. 34-45539) DELISTING GRANTED An order has been issued granting the application of the Pacific Exchange to strike from listing and registration certain call and put options contracts issued by the Options Clearing Corporation respecting certain underlying securities, effective immediately. (Rel. 34-45556) SECURITIES ACT REGISTRATIONS The following registration statements have been filed with the SEC under the Securities Act of 1933. The reported information appears as follows: Form, Name, Address and Phone Number (if available) of the issuer of the security; Title and the number and/or face amount of the securities being offered; Name of the managing underwriter or depositor (if applicable); File number and date filed; Assigned Branch; and a designation if the statement is a New Issue. Registration statements may be obtained in person or by writing to the Commission's Public Reference Branch at 450 Fifth Street, N.W., Washington, D.C. 20549 or at the following e-mail box address: . In most cases, this information is also available on the Commission's website: . S-4 CEDAR BRAKES II LLC, 1001 LOUISIANA ST, HOUSTON, TX, 77002, 7134202600 - 0 ($431,407,000.00) Non-Convertible Debt, (File 333-84206 - Mar. 13) (BR. ) SB-2 COUNTRYSIDE REVIEW INC, 7225 BLENHEIM STREET, VANCOUVER BC, A1, 00000, 6048991533 - 6,000,000 ($60,000.00) Equity, (File 333-84208 - Mar. 13) (BR. ) S-3 FEDERAL REALTY INVESTMENT TRUST, 1626 EAST JEFFERSON STREET, ROCKVILLE, MD, 20852-4041, 3019988100 - 0 ($39,195,000.00) Equity, (File 333-84210 - Mar. 13) (BR. 08) S-8 TELYNX INC, 6006 NORTH MESA, SUITE 515, EL PASO, TX, 79912, 9155815828 - 250,000,000 ($2,500,000.00) Equity, (File 333-84212 - Mar. 13) (BR. 03) S-8 VITAL HEALTH TECHNOLOGIES INC, 6516979191 - 5,000,000 ($500,000.00) Equity, (File 333-84214 - Mar. 13) (BR. 36) SB-2 FORESTINDUSTRY COM INC, 2480 KENWORTH RD SUITE 10, NANAIMO BRITISH COLUMBIA, CANADA, A1, V9T 3Y3, 2507580665 - 1,320,000 ($171,600.00) Equity, (File 333-84216 - Mar. 13) (BR. 08) SB-2 BAYMONT CORP, 8975 SNOWY OWL LANE, BLAINE, WA, 98230, 3603713995 - 2,985,713 ($179,142.77) Equity, (File 333-84218 - Mar. 13) (BR. ) SB-2 METROPOLITAN HEALTH NETWORKS INC, 5100 TOWN CENTER CIRCLE, STE 560, BOCA RATON, FL, 33486, 5614169484 - 0 ($3,300,317.89) Equity, (File 333-84220 - Mar. 13) (BR. 01) S-8 DUKE ENERGY CORP, 526 SOUTH CHURCH STREET, CHARLOTTE, NC, 28201-1006, 7045946200 - 0 ($100,025,430.00) Equity, (File 333-84222 - Mar. 13) (BR. 02) S-3 FRESH BRANDS INC, 2215 UNION AVENUE, SHEBOYGAN, WI, 53081, 200,000 ($3,540,000.00) Equity, (File 333-84230 - Mar. 13) (BR. 02) S-3 PROCTER & GAMBLE CO, ONE PROCTER & GAMBLE PLZ, CINCINNATI, OH, 45202, 5139831100 - 0 ($4,911,000,000.00) Debt Convertible into Equity, (File 333-84232 - Mar. 13) (BR. 02) S-8 UNITEDGLOBALCOM INC, 4643 SOUTH ULSTER STREET SUITE 1300, DENVER, CO, 80237, 3037704001 - 35,255,370 ($167,463,007.50) Equity, (File 333-84234 - Mar. 13) (BR. 37) S-8 UNITEDGLOBALCOM INC, 4643 SOUTH ULSTER STREET SUITE 1300, DENVER, CO, 80237, 3037704001 - 651,667 ($3,095,418.25) Equity, (File 333-84236 - Mar. 13) (BR. 37) S-8 UNITEDGLOBALCOM INC, 4643 SOUTH ULSTER STREET SUITE 1300, DENVER, CO, 80237, 3037704001 - 2,967,500 ($14,095,625.00) Equity, (File 333-84238 - Mar. 13) (BR. 37) S-8 WALLACE COMPUTER SERVICES INC, 2275 CABOT DR, LISLE, IL, 60532, 6335885000 - 0 ($31,487,898.75) Equity, (File 333-84248 - Mar. 13) (BR. 05) S-3 VEECO INSTRUMENTS INC, TERMINAL DR, PLAINVIEW, NY, 11803, 5163498300 - 0 ($220,000,000.00) Debt Convertible into Equity, 0 ($124,645,166.00) Equity, (File 333-84252 - Mar. 13) (BR. 36) S-3 TOYS R US INC, 225 SUMMIT AVENUE, C/O TOYS R US NATIONAL OFFICES, MONTVALE, NJ, 07645, 2012627800 - 0 ($805,000,000.00) Equity, (File 333-84254 - Mar. 13) (BR. 02) N-2 AIM SELECT REAL ESTATE INCOME FUND, 11 GREENWAY PLAZA, SUITE 100, HOUSTON, TX, 77046-1173, 7132141108 - 0 ($1,125,000.00) Equity, (File 333-84256 - Mar. 13) (BR. 22) S-3 TOYS R US INC, 225 SUMMIT AVENUE, C/O TOYS R US NATIONAL OFFICES, MONTVALE, NJ, 07645, 2012627800 - 0 ($230,000,000.00) Equity, (File 333-84258 - Mar. 13) (BR. 02) S-8 SILVER STAR FOODS INC /NY/, PO BOX 340487, BROOKLYN, NY, 11234, 7187633000 - 5,000,000 ($6,000,000.00) Equity, (File 333-84260 - Mar. 13) (BR. 04) S-8 WALLACE COMPUTER SERVICES INC, 2275 CABOT DR, LISLE, IL, 60532, 6335885000 - 0 ($38,500,000.00) Equity, (File 333-84262 - Mar. 13) (BR. 05) S-4 XCEL ENERGY INC, 800 NICOLLET MALL, MINNEAPOLIS, MN, 55402, 6123305500 - 0 ($870,009,014.00) Equity, (File 333-84264 - Mar. 13) (BR. 02) S-8 PENNZOIL QUAKER STATE CO, PENNZOIL PLACE, P.O. BOX 2967, HOUSTON, TX, 77252-2967, 7135464000 - 0 ($14,630,000.00) Equity, (File 333-84266 - Mar. 13) (BR. 04) S-3 HFC REVOLVING CORP, 2700 SANDERS RD, PROSPECT HEIGHTS, IL, 60070, 8475647968 - 0 ($1,000,000.00) Other, (File 333-84268 - Mar. 13) (BR. 05) S-8 FRONT PORCH DIGITAL INC, 1810 CHAPEL AVE W, SUITE 130, CHERRY HILL, NJ, 08002, 8566333500 - 350,000 ($241,500.00) Equity, (File 333-84270 - Mar. 13) (BR. 08) S-8 REGENT ENERGY CORP, 650 N SAM HOUSTON PARKWAY E, SUITE 500, HOUSTON, TX, 77060, 3035438900 - 6,018,000 ($4,092,240.00) Equity, (File 333-84272 - Mar. 13) (BR. 06) S-8 INTERACTIVE MULTIMEDIA NETWORK INC, 3163 KENNEDY BLVD, JERSEY CITY, NJ, 07306, 2012174137 - 400,000 ($96,000.00) Equity, (File 333-84274 - Mar. 13) (BR. 08) S-4 NOBLE CORP, 13135 S DAIRY ASHFORD, SUGAR LAND, TX, 77478, 281 276 6100 - 0 ($4,804,440,453.36) Equity, (File 333-84278 - Mar. 13) (BR. ) RECENT 8K FILINGS Form 8-K is used by companies to file current reports on the following events: Item 1. Changes in Control of Registrant. Item 2. Acquisition or Disposition of Assets. Item 3. Bankruptcy or Receivership. Item 4. Changes in Registrant's Certifying Accountant. Item 5. Other Materially Important Events. Item 6. Resignations of Registrant's Directors. Item 7. Financial Statements and Exhibits. Item 8. Change in Fiscal Year. Item 9. Regulation FD Disclosure. The following companies have filed 8-K reports for the date indicated and/or amendments to 8-K reports previously filed, responding to the item(s) of the form specified. 8-K reports may be obtained in person or by writing to the Commission's Public Reference Branch at 450 Fifth Street, N.W., Washington, D.C. 20549 or at the following e-mail box address: . In most cases, this information is also available on the Commission's website: . STATE 8K ITEM NO. NAME OF ISSUER CODE 1 2 3 4 5 6 7 8 9 DATE COMMENT ------------------------------------------------------------------------------------ AGCO CORP /DE DE X X 03/05/02 AIMCO PROPERTIES LP DE X X 03/11/02 AIRPLANES LTD DE X 03/13/02 ALDERWOODS GROUP INC DE X X 03/06/02 ALLOY INC DE X X 03/11/02 AMC ENTERTAINMENT INC DE X X 03/09/02 AMERIQUEST MORTGAGE SECURITIES INC DE X X 03/13/02 AMREP CORP OK X 03/07/02 APARTMENT INVESTMENT & MANAGEMENT CO MD X X 03/11/02 AZTAR CORP DE X 02/28/02 AZUL HOLDINGS INC DE X 02/06/02 BANK UNITED CORP LITIGATION CONTINGEN DE X X 03/12/02 BIOPURE CORP DE X 03/13/02 BIOPURE CORP DE X 03/13/02 AMEND BLUE DOLPHIN ENERGY CO DE X X 03/13/02 BRE PROPERTIES INC /MD/ MD X X 03/05/02 CADIZ INC DE X 01/31/02 CALPINE CORP DE X X 03/12/02 CALPINE CORP DE X 03/13/02 CAPITAL ONE AUTO FINANCE TRUST 2001-A DE X 03/12/02 CAPITAL ONE AUTO FINANCE TRUST 2001-B DE X 03/12/02 CHASE MORTGAGE FINANCE CORP DE X X 02/26/02 CHEC FUNDING LLC DE X X 03/12/02 CHROMATICS COLOR SCIENCES INTERNATION NY X 03/08/02 CITIZENS HOLDING CO /MS/ MS X X 03/13/02 CLAIMSNET COM INC DE X 03/13/02 CLARION TECHNOLOGIES INC/DE/ DE X 03/13/02 CLEVELAND ELECTRIC ILLUMINATING CO OH X X 03/12/02 COBRATECH INTERNATIONAL INC NV X X X 03/13/02 CONTINENTAL INFORMATION SYSTEMS CORP NY X X 03/01/02 COOPER COMPANIES INC DE X X X 02/27/02 CREDIT SUISSE FIRST BOSTON MORTGAGE S DE X 02/27/02 CRIIMI MAE FINANCIAL CORP MD X 03/01/02 CROSS COUNTRY INC DE X X 03/13/02 CROWN RESOURCES CORP WA X 03/08/02 AMEND CWABS INC DE X X 03/13/02 DAIMLERCHRYSLER AUTO TRUST 2001 B DE X X 03/06/02 DAIMLERCHRYSLER AUTO TRUST 2001-A X X 03/13/02 DIGITAL COURIER TECHNOLOGIES INC DE X 03/11/02 ELANTEC SEMICONDUCTOR INC DE X X 03/10/02 EMCOR GROUP INC DE X X 03/01/02 ENTRAVISION COMMUNICATIONS CORP DE X X 03/13/02 ENTREPORT CORP FL X 03/08/02 EXCHANGE BANCSHARES INC OH X X 03/11/02 FARMERS CAPITAL BANK CORP KY X 03/13/02 FIRSTFED AMERICA BANCORP INC DE X X 02/28/02 FREQUENCY ELECTRONICS INC DE X 03/06/02 GENERAL MOTORS CORP DE X 03/11/02 HABERSHAM ENERGY CO OK X 03/11/02 HEILIG MEYERS CO VA X 01/31/02 HLM DESIGN INC DE X 02/26/02 HOUSEHOLD INTERNATIONAL INC DE X 03/13/02 I FLOW CORP /DE/ DE X X 02/26/02 IMMTECH INTERNATIONAL INC DE X X 03/13/02 INTEGRA LIFESCIENCES HOLDINGS CORP DE X X 02/26/02 INTERNATIONAL MICROCOMPUTER SOFTWARE CA X X 02/28/02 INTERVOICE BRITE INC TX X X 03/07/02 JAGNOTES COM NV X X 03/13/02 JORE CORP MT X 03/13/02 KEY PRODUCTION CO INC DE X X 03/13/02 KIT MANUFACTURING CO CA X 10/31/01 L90 INC DE X 03/13/02 LANCER CORP /TX/ TX X 03/12/02 LILLY ELI & CO IN X X 03/13/02 LUCENT TECHNOLOGIES INC DE X 03/12/02 LUCENT TECHNOLOGIES INC DE X 03/12/02 MANPOWER INC /WI/ WI X X 02/25/02 MARKWEST HYDROCARBON INC DE X 03/01/02 MAYORS JEWELERS INC/DE DE X X 02/28/02 MBNA CORP MD X 02/28/02 MENTOR GRAPHICS CORP OR X X 03/12/02 MGIC INVESTMENT CORP WI X X 03/13/02 MICROACCEL INC UT X X 02/28/02 MOUNTAINBANK FINANCIAL CORP NC X X 12/31/01 AMEND NATUREWELL INC CA X X 06/07/01 AMEND NTELOS INC VA X 03/13/02 NTL INC/DE/ DE X X 03/12/02 OFFICE DEPOT INC DE X X 03/13/02 OPTI INC CA X 02/26/02 PARAGON TECHNOLOGIES INC PA X 03/31/02 PATRIOT SCIENTIFIC CORP DE X X 03/11/02 PCD INC MA X 03/13/02 PENTON MEDIA INC DE X X 03/10/02 PHON NET COM INC X X 03/13/02 PRECISION AUTO CARE INC VA X X 03/12/02 REDBACK NETWORKS INC DE X 03/08/02 RESIDENTIAL FUNDING MORTGAGE SECURITI DE X X 02/27/02 RHYTHMS NET CONNECTIONS INC DE X X 02/26/02 SALON MEDIA GROUP INC DE X X 03/07/02 SIMMONS CO /GA/ DE X X 03/13/02 SLM FUNDING CORP DE X X 03/01/02 ST PAUL COMPANIES INC /MN/ MN X X 03/07/02 STAGE STORES INC NV X X 03/13/02 SUPERCONDUCTOR TECHNOLOGIES INC DE X 03/12/02 TIVO INC DE X 03/01/02 TRW INC OH X X 03/13/02 TRW INC OH X X 03/13/02 TURBODYNE TECHNOLOGIES INC DE X 03/06/02 UNITED AUTO GROUP INC DE X X 03/13/02 UNITED STATES STEEL CORP DE X X 03/12/02 UNIVEC INC DE X X 02/28/02 WAMU MORTGAGE PASS THROUGH CERTIFICAT DE X 02/27/02 WASHINGTON MUTUAL MORT SEC WAMU MOR P DE X 02/26/02 WASHINGTON MUTUAL MORTGAGE SECURITIES DE X 03/11/02 WFS RECEIVABLES CORP NV X X 03/11/02 WILLIAMS COMPANIES INC DE X X 03/11/02 WILLIAMS COMPANIES INC DE X X 03/13/02 WOLVERINE TUBE INC DE X X 03/12/02 WORLDCOM INC/GA// GA X X 03/07/02 WRP CORP MD X 03/01/02 WYETH DE X X 03/13/02 XCEL ENERGY INC MN X X 03/13/02