SECURITIES AND EXCHANGE COMMISSION
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A brief summary of financial proposals filed with and udions by the S.E.C.
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Washington 25, D.C.
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FOR RELEASE
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SECURITY EQUITY FUND FILES FOR STOCK OFFERING. Security Equity Fund, Inc., 700 Harrison Street, Topeka,
Kansas, filed a registration statement (File 2-19458) with the SEC on December 14th seeking registration of
400,000 shares of capital stock, to be offered for public sale at the net asset value plus a 6% sales charge.
Distribution will be made by Security Managel~ent Company, Inc.
The Fund was organized under Kansas law in November 1961 as a diversified, open-end investment company
of the management type. Its primary purpose is to provide a medium for investment in equity securities to
complement the participant's fixed obligation type of investments. The Fund has 21,°°70~apital shares out-
standing, all of which are owned by Security Benefit Life Insurance Company of Topeka
The parent also
owns all of the stock of Security Management, the business manager and principal underwriter of the Fund.
Herbert F. Laing is board chairman of the Fund, treaSUler of the underwriter and a vice president of the
parent; and Dean 1.. Smith is president of the Fund and of the underwriter and secretary of the parent. Other
management officials of the Fund are also management officials of the underwriter and parent.
ADR'S FOR INTERNATIONAL COMPUTERS A~D TABULATORS FILED. Morgan Guaranty Trust Company of New York,
140 Broadway, New York, filed a registration statement (File 2-19459) with the SEC on December 14th seeking
registration of American Depositary Receipts for jO,OOO ordinary registered shares of International Computers
and Tabulators Umited (of England).
BOND INVESTMENT TRUST EXEMETF,~. The SEC has issued an order under the Investment Company Act (Release
IC-3381) granting an application of The Bond Inv~stmen