For the period ended March 31, 1999
File number 811-08101
SUB-ITEM 77J
Reclassification of Capital Accounts
The Fund accounts for and reports
distributions to shareholders in accordance with
the American Institute of Certified Public
Accountants' Statement of Position 93-2:
Determination, Disclosure, and financial Statement
Presentation of Income, Capital Gains, and Return
of Capital Distributions by Investment Companies.
The effect of applying this statement was to
decrease paid-in capital in excess of par and
decrease accumulated net realized losses on
investments by $212,207 for certain expenses not
deductible for tax purposes. Net investment
income, net realized gains and net assets were not
affected by this change.
