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SIGNATURE TERRENCE P. SMITH
TITLE PRESIDENT
THE COMMUNITY REINVESTMENT ACT QUALIFIED INVESTMENT FUND
REGISTRATION NO. 811-09221
FORM N-SAR
SEMI-ANNUAL PERIOD ENDED NOVEMBER 30, 1999
SUB-ITEM 77C: SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
(a) Pursuant to a Consent of Sole Shareholder of the Community Reinvestment
Act Qualified Investment Fund (the "Trust") dated June 1, 1999, Todd J.
Cohen, as sole shareholder, approved the following matters with regards
to the Trust: (i) the form, terms and provisions of the Investment
Management Agreement between the Trust and CRAFund Advisors, Inc. ;
(ii) the selection of KPMG LLP as independent accountants for the
Trust; and (iii) the selection of additional Trustees.
SUB-ITEM 77Q1: EXHIBITS.
(a)(1) The Agreement and Declaration of Trust is incorporated herein by
reference to Exhibit (a)(1) in Registrant's Initial Registration
Statement filed with the Commission on February 3, 1999.
(a)(2) The Trust's By-Laws are incorporated herein by reference to Exhibit
(b)(1) in Registrant's Initial Registration Statement filed with the
Commission on February 3, 1999.
(e) Investment Management Agreement between the Trust and CRAFund Advisors,
Inc. is incorporated herein by reference to Exhibit (d)(1) in
Registrant's Pre-Effective Amendment No. 2 filed with the Commission on
June 8, 1999.
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