SUB-ITEM 77D
With effect May 1, 2000, the Board of Directors of the Dresdner RCM Global
Small Cap Fund ("Series 3" or the "Fund") approved changing the Fund's
market capitalization restriction from investing at least 65% of its assets in
companies with market capitalizations up to$1 billion to investing at least
65% of its investments in companies with market capitalizations, at the time
of purchase, within the range of market capitalizations of companies included
in the MSCI World Small Cap Index. In addition, Series 3 will now maintain a
weighted-average market capitalization that is no less than 50% and no more
than 200% of the weighted-average market capitalization of the securities that
comprise the MSCI World Small Cap Index. Finally, the Fund is no longer
restricted to the policy of investing only 15% of its assets in companies with
market capitalizations less than $100 million.
N-SAR semi-annual 2000 exhibit (Global).doc Page 1 08/25/00
