Exhibit to Accompany
Item 77J
FORM N-SAR
THE MARSICO INVESTMENT FUND
(the "Funds")
In accordance with the provisions of Statement of Position 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, reclassifications were recorded to
decrease undistributed net investment loss by $10,432,364,
$2,649,264 and $117,885, decrease accumulated net realized gain
on investments by $10,424,052, $2,640,952 and $106,156, and
decrease paid-in capital by $8,312, $8,312 and $11,729 in the
Focus, Growth & Income and 21st Century Funds, respectively.
These reclassifications have no impact on the net asset values of
the Funds and are designed to present the Funds' capital accounts
on a tax basis.
