Small- Cap Quantum Fund, Inc
Exhibit #77J
Reclassification of Capital Accounts; The Fund
accounts for and reports distributions to
shareholders in accordance with "Statement of
Position 93-2: Determination, Disclosure and
Financial Statement Presentation of Income,
Capital Gain, and Return of Capital Distributions
by Investment Companies." The effect of applying
this statement was to decrease accumulated net
investment loss by $856,572 and decrease paid in
capital in excess of par by $856,572 for certain
non-deductible expenses and net operating loss for
the year ended March 31, 2000. Net investment
loss, net realized gains and net assets were not
affected by this change.
