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, at September 30, 2000,
reclassifications (in thousands) were recorded to increase (decrease)
paid-in-capital by $7,763, $(5,306), $(757) and $(11), decrease
net investment loss by $20,283, $5,310, $0 and $20, increase
(decrease) accumulated net realized gain (loss) on investments
and options written by $(28,021), $0, $756 and $0 and increase
(decrease) accumulated net realized gain (loss) on foreign
currency transactions by $(25), $(4), $1 and $(9) for the Focus,
Growth & Income, 21st Century and International Opportunities
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.
