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U.S. Securities and Exchange Commission

Before the

Securities Exchange Act of 1934
Release No. 34-56077 / July 16, 2007

Administrative Proceeding File No. 3-11818

In the Matter of

Banc of America Capital Management, LLC, BACAP Distributors, LLC, and Banc of America Securities, LLC




Notice is hereby given, pursuant to Rule 1103 of the Securities and Exchange Commission's ("Commission") Rules on Fair Fund and Disgorgement Plans, 17 C.F.R. § 201.1103, that the Division of Enforcement has submitted to the Commission a proposed plan for the distribution of the Fair Fund in this matter ("Distribution Plan").

On February 9, 2005, the Commission issued an Order instituting settled administrative and cease-and-desist proceedings against Banc of America Capital Management, LLC ("BACAP"), BACAP Distributors, LLC ("BACAP Distributors") and Banc of America Securities, LLC ("BAS") in this matter ("the Order"). In the Order, the Commission authorized and established a Fair Fund, comprised of $375 million in disgorgement and penalties paid by BACAP, BACAP Distributors and BAS, for distribution to mutual fund investors affected by certain market timing trading activity. The Order provided that the Fair Fund was to be distributed pursuant to a distribution plan developed by an Independent Distribution Consultant.


Pursuant to this Notice, all interested parties are advised that they may print a copy of the Distribution Plan from the Commission's public website, http://www.sec.gov. Interested parties may also obtain a written copy of the Distribution Plan by submitting a written request to Gerald Gross, Assistant Regional Director, United States Securities and Exchange Commission, Room 4300, 3 World Financial Center, New York, NY 10281-1022. All persons who desire to comment on the Distribution Plan may submit their comments, in writing, no later than August 13, 2007:

  1. to the Office of the Secretary, United States Securities and Exchange Commission, 100 F Street, N.E., Washington, DC 20549-1090;
  2. by using the Commission's Internet comment form (http://www.sec.gov/litigation/admin.shtml); or
  3. by sending an e-mail to rule-comments@sec.gov.

Comments submitted by email or via the Commission's website should include "Administrative Proceeding File Number 3-11818" on the subject line. Comments received will be publicly available. Persons should submit only information that they wish to make publicly available.


The Fair Fund is comprised of the $375 million paid by BACAP, BACAP Distributors and BAS, plus accumulated interest. The Distribution Plan provides for distribution of the Fair Fund to eligible investors in the mutual funds identified in the plan to compensate them for market timing at various times during the period of July 2000 to July 2003. If the Distribution Plan is approved, eligible investors will receive proportionate shares of the Fair Fund as calculated by the Independent Distribution Consultant. The shares will be calculated from information in BACAP, BACAP Distributors and BAS's records, and records obtained from third-party intermediaries. Eligible Investors will not need to go through a claims process.

For the Commission, by its Secretary, pursuant to delegated authority.

Nancy M. Morris

See also Proposed Distribution Plan


Modified: 07/16/2007