Jonathan Aerospace Materials Corporation

Admin. Proc. File No. 3-10585

On September 6, 2001, Jonathan Aerospace Materials Corporation ("Jamcorp") filed a registration statement with the Commission. The Division of Enforcement alleged that the registration statement omitted to state material facts. By Order dated September 25, 2001, the Commission instituted this proceeding and scheduled a public hearing to determine whether a stop order should be issued against Jamcorp's registration statement pursuant to Section 8(d) of the Securities Act of 1933.

On December 4, 2001, and by amendment dated December 11, 2001, the Division moved to dismiss this proceeding without prejudice. Appended to the Division's motion is a copy of an October 30, 2001 letter from Jamcorp withdrawing its registration statement pursuant to Rule 477 of Securities Act Regulation C, 17 C.F.R. § 230.477. Pursuant to Rule 477(b), if the Commission does not notify a registrant within 15 days after the registrant files an application to withdraw its registration statement that the application will not be granted, the application is deemed granted as of the time that it was filed with the Commission. The Commission did not notify Jamcorp that its withdrawal application would not be granted and it is therefore deemed granted. Based on the above, we have determined to dismiss this proceeding.

Accordingly, it is ORDERED that this proceeding be, and it hereby is, dismissed without prejudice.

By the Commission.

Jonathan G. Katz
Secretary