Exhibit to Accompany
Item 77J (b)
Form N-SAR
Renaissance Capital Greenwich Funds
(the "Funds")
According to the provisions of Statement of Position 93 2
(SOP 93 2) "Determination, Disclosure and Financial
Statement Presentation of Income, Capital Gain and Return
of Capital Distributions by Investment Companies, " the
Funds are required to report the accumulated net
investment income (loss) and accumulated net capital gain
(loss) accounts to approximate amounts available for future
distributions on a tax basis (or to offset future realized
capital gains). Accordingly, at September 31, 2000, in the
IPO Plus Aftermarket Fund ( the Fund) an entry was
recorded to undistributed net investment income to reduce
paid in capital by $917,862.
This reclassification has no impact on the net assets of the
Fund and it is designed to present the Funds accumulated
net realized income and gain accounts on a tax basis.
