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LIMITED POWER OF ATTORNEY
WITH RESPECT TO NORTH AMERICAN SENIOR FLOATING RATE FUND, INC.
Know all men by these presents that, Joseph T. Grause, Jr., whose
signature appears below, hereby constitutes and appoints John I. Fitzgerald and
Thomas J. Brown, and each of them, his attorney-in-fact, each with the power of
substitution for him in any and all capacities, to sign any registration
statements and amendments thereto for the purposes of registering additional
Class C shares for NORTH AMERICAN SENIOR FLOATING RATE FUND, INC., and to file
the same, with exhibits thereto and other documents in connection therewith,
with the Securities and Exchange Commission, hereby ratifying and confirming all
that each of said attorneys-in-fact, or his substitutes, may do or cause to be
done by virtue hereof.
/S/ Joseph T. Grause, Jr.
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Joseph T. Grause, Jr.
Director
December 8, 2000
