SUB-ITEM 77C AND 77M ATTACHMENT
On March 24, 2000, the shareholders of the O'Shaughnessy Funds approved a plan
of reorganization whereby on that date, the O'Shaughnessy Cornerstone Growth
Fund acquired all the net assets of the O'Shaughnessy Aggressive Growth Fund and
the O'Shaughnessy Cornerstone Value Fund acquired all the net assets of the
O'Shaughnessy Dogs of the Market Fund. These acquisitions were accomplished by
the tax-free exchange of shares of equal value on the acquisition date, pursuant
to a plan of reorganization approved by the O'Shaughnessy Funds' shareholders.
Shares voted to approve the Agreement and Plan of Reorganization between the
O'Shaughnessy Dogs of the Market Fund and the O'Shaughnessy Cornerstone Value
Fund
FOR 558,338 AGAINST 16,135
Shares voted to approve the Agreement and Plan of Reorganization between the
O'Shaughnessy Aggressive Growth Fund and the O'Shaughnessy Cornerstone Growth
Fund
FOR 452,027 AGAINST 52,117
Exhibit list
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Registration Statement on Form N-14
