INSTRUCTIONS: 40-ACT FUNDS
This Checklist must be completed in order to ensure compliance with the
40-Act requirements applicable to participations in affiliated
underwritings for 40-Act funds. Please complete this Checklist immediately
after participating in an affiliated underwriting on behalf of each 40-Act
Fund (Note: This Checklist can be found in Excel at
L:\checklist\funds.xls)and forward it to Lauren Teetsel (or Don Ryan in
her absence) in the New York Compliance Department for review,
record-keeping and reporting purposes. The Compliance Department in New
York must receive this Checklist from all MSDWIM offices that engage in
affiliated underwriting transactions for the 40-Act Funds they manage. `
Note: A red herring prospectus must be included with the Checklist and a
final prospectus must be forwarded to the New York Compliance Department
for regulatory record retention purposes.
AFFILIATED UNDERWRITING CHECKLIST ("CHECKLIST") FOR 40-ACT FUNDS
-------------------------------------------------------------------------
Issuer: Quantum Effect Devices Fund(s)List below in Question #10 below
Offering Date:01/31/2000 No. of Securities Offered: 3,720,000
(# of shares or # of bonds)
Affiliated Broker: MSDW Price Per Unit: $16.00
-------------------------------------------------------------------------
-------------------------------------------------------------------------
1 The securities to be purchased are: Check One
[x]Registered under the Securities Act of 1933 [] Eligible Rule 144A
securities
[] Municipal Securities [ ] Offered in an Eligible Foreign Offering *
*See Section V.4.d.4(a)(iii) for a description of a eligible foreign offering
-------------------------------------------------------------------------
YES NO
-------------------------------------------------------------------------
2 Are the securities being offered pursuant to a firm
commitment underwriting? x
-------------------------------------------------------------------------
YES NO
-------------------------------------------------------------------------
3 Will transaction be executed away from Morgan Stanley and
not allocated to Morgan Stanley if it is a "pot trade"? x
-------------------------------------------------------------------------
YES NO
-------------------------------------------------------------------------
4 Has the executing dealer represented that Morgan Stanley
will not receive compensation in connection with the
transaction? x
-------------------------------------------------------------------------
YES NO
-------------------------------------------------------------------------
5 Will the securities be purchased at not more than the
public offering price and no later than the close
of the first full business day on which any sales are
made? x
-------------------------------------------------------------------------
YES NO
-------------------------------------------------------------------------
6 Is the commission or spread to be received by the
underwriters reasonable and fair compared to that
received in comparable transactions? x
-------------------------------------------------------------------------
YES NO N/A
-------------------------------------------------------------------------
7 If a municipal issuer, (1) does the issue have an
investment grade rating from at least one Nationally
Recognized Statistical Rating Organization,
or (2) if the issuer has less than three (3)
years of continuous operations, does the issue
have one of the three highest ratings from one such
rating organization? x
-------------------------------------------------------------------------
YES NO N/A
-------------------------------------------------------------------------
8 If not a municipal issuer, has the issuer (including
predecessors) been in continuous operation for at
least three years? x
-------------------------------------------------------------------------
YES NO N/A
-------------------------------------------------------------------------
9 If the transaction is intended for a third-party 40-Act
Fund, has it adopted affiliated underwriting procedures
(I.e. Rule 10f-3) that permit it to engage in this
transaction? Please check with your Compliance
Departement if unsure. x
-------------------------------------------------------------------------
YES NO
-------------------------------------------------------------------------
10 Is the total principal amount of securities purchased
by MSDWIM/MAS for all 40-Act Funds no more than 10%
of the total offering? (Do not include offshore funds
(I.e.,SICAVs) in this calculation.) x
--------------------
SHOW CALCULATION HERE:
Total Units Offered: 3,720,000.00
Price per Unit: 16.00
10% of Total Offering: 5,952,000.00
40-Act Fund Units Offer Total
To Buy Price Value
71281 200 16 $3,200
71928 0 16 $0
81087 2,300 16 $36,800
391486 2,200 16 $35,200
391548 200 16 $3,200
52297 100 16 $1,600
89902549 0 16 $0
89902551 0 16 $0
ESTF0004 500 16 $8,000
MTEC 200 16 $3,200
PRINAGGR 700 16 $11,200
PRINCON 0 16 $0
PRINLCV 0 16 $0
PRINPART 100 16 $1,600
PRINSCG 0 16 $0
UFEG 300 16 $4,800
Total Principal Amount Purchased by all $108,800
40-Act Funds
Total % of the Offering Purchased by all 0.18%
40-Act Funds
--------------------------------------------------------------------------
YES NO
-------------------------------------------------------------------------
11 Has a copy of this completed checklist been forwarded to
Lauren Teetsel in the NY Compliance Department? X
--------------------------------------------------------------------------
-------------------------------------------------------------
Portfolio Manager's or designee's Signature
/William S Auslander/
Compliance*: YES NO
--------------------------------------------------------------------------
12 Has a copy of this Checklist been forwarded to Chase
Global Fund Services(fax# 617-557-8610) for
MSDWIM-sponsored 40-Act Funds and to the appropriate
outside administrators for third-party 40-Act Funds?
(Note: Compliance personnel at the MSDWIM office
executing these trades is responsible for ensuring that
the appropriate outside administrator receives a copy
of the Checklist. X
-------------------------------------------------------------------------
LEGEND
GIMS ACRONYM ACCOUNT NAME
------------ ------------
71281 MSDW EMERGING GROWTH
71928 MSDW VALUE EQUITY
81087 MSDW EQUITY GROWTH
391486 MSDW GROWTH
52297 VKAC EQUITY GRWOTH
89902549 MSDW AGGRESSIVE GROWTH
89902551 VKAC AGGRESSIVE RETAIL
ESTF0004 ENDEAVOR EQUITY
MTEC MSDW TECHNOLOGY
PRINAGGR PRINCOR EQUITY
PRINCON PRINCOR CONCENTRATED
PRINLCV PRINCOR LARGE CAP VALUE
PRINPART PRINCOR SMALL CAP GROWTH
UFEG UNIVERSAL EQUITY GROWTH
INSTRUCTIONS: 40-ACT FUNDS
This Checklist must be completed in order to ensure compliance with the
40-Act requirements applicable to participations in affiliated
underwritings for 40-Act funds. Please complete this Checklist immediately
after participating in an affiliated underwriting on behalf of each 40-Act
Fund (Note: This Checklist can be found in Excel at
L:\checklist\funds.xls)and forward it to Lauren Teetsel (or Don Ryan in
her absence) in the New York Compliance Department for review,
record-keeping and reporting purposes. The Compliance Department in New
York must receive this Checklist from all MSDWIM offices that engage in
affiliated underwriting transactions for the 40-Act Funds they manage.
Note: A red herring prospectus must be included with the Checklist and a
final prospectus must be forwarded to the New York Compliance Department
for regulatory record retention purposes.
AFFILIATED UNDERWRITING CHECKLIST ("CHECKLIST") FOR 40-ACT FUNDS
--------------------------------------------------------------------------
Issuer: Sequenom Fund(s) List below in Question #10 below
Offering Date: 01/31/2000 No. of Securities Offered: 5,250,000
(# of shares or # of bonds)
Affiliated Broker: MSDW Price Per Unit: $26.00
--------------------------------------------------------------------------
--------------------------------------------------------------------------
1 The securities to be purchased are: Check One
[x]Registered under the Securities Act of 1933 []Eligible Rule 144A securities
[ ]Municipal Securities [ ] Offered in an Eligible Foreign Offering *
*See Section V.4.d.4(a)(iii) for a description of a eligible foreign offering
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
2 Are the securities being offered pursuant to a firm
commitment underwriting? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
3 Will transaction be executed away from Morgan Stanley
and not allocated to Morgan Stanley if it is a
"pot trade"? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
4 Has the executing dealer represented that Morgan Stanley
will not receive compensation in connection with the
transaction? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
5 Will the securities be purchased at not more than
the public offering price and no later than the close
of the first full business day on which any sales are
made? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
6 Is the commission or spread to be received by the
underwriters reasonable and fair compared to that
received in comparable transactions? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
7 If a municipal issuer,(1) does the issue have an investment
grade rating from at least one Nationally Recognized
Statistical Rating Organization, or (2) if the issuer has
less than three (3) years of continuous operations,
does the issue have one of the three highest ratings
from one such rating organization? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
8 If not a municipal issuer, has the issuer (including
predecessors) been in continuous operation for
at least three years? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
9 If the transaction is intended for a third-party
40-Act Fund, has it adopted affiliated underwriting
procedures (I.e. Rule 10f-3) that permit it to engage
in this transaction? Please check with your Compliance
Departement if unsure. x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
10 Is the total principal amount of securities purchased
by MSDWIM/MAS for all 40-Act Funds no more than 10%
of the total offering? (Do not include offshore funds
(I.e.,SICAVs) in this calculation.) x
--------------------
-----
SHOW CALCULATION HERE:
Total Units Offered: 5,250,000.00
Price per Unit: $26.00
10% of Total Offering: 13,650,000.00
40-Act Fund Units Offer Total
To Buy Price Value
255 100 26.00 $2,600
71281 1,200 26.00 $31,200
71928 0 26.00 $0
81087 14,700 26.00 $382,200
391486 14,500 26.00 $377,000
391548 1,200 26.00 $31,200
52297 900 26.00 $23,400
89902549 2,000 26.00 $52,000
89902551 5,000 26.00 $130,000
ESTF0004 3,600 26.00 $93,600
MTEC 1,200 26.00 $31,200
PRINAGGR 4,700 26.00 $122,200
PRINCON 200 26.00 $5,200
PRINLCV 0 26.00 $0
PRINPART 400 26.00 $10,400
PRINSCG 100 26.00 $2,600
UFEG 1,800 26.00 $46,800
UFTECH 200 26.00 $5,200
8716 100 26.00 $2,600
Total Principal Amount Purchased by all $1,349,400
40-Act Funds
Total % of the Offering Purchased by all 0.989%
40-Act Funds
-------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
11 Has a copy of this completed checklist been forwarded to
Lauren Teetsel in the NY Compliance Department? x
--------------------------------------------------------------------------
/William S. Auslander/
Portfolio Manager's or designee's Signature
Compliance*: YES NO
--------------------------------------------------------------------------
12 Has a copy of this Checklist been forwarded to
Chase Global Fund Services (fax# 617-557-8610)
for MSDWIM-sponsored 40-Act Funds and to the
appropriate outside administrators for third-party
40-Act Funds? (Note: Compliance personnel at the
MSDWIM office executing these trades is responsible
for ensuring that the appropriate outside
administrator receives a copy of the Checklist. x
--------------------------------------------------------------------------
LEGEND
GIMS ACRONYM ACCOUNT NAME
------------ ------------
71281 MSDW EMERGING GROWTH
71928 MSDW VALUE EQUITY
81087 MSDW EQUITY GROWTH
391486 MSDW GROWTH
52297 VKAC EQUITY GRWOTH
89902549 MSDW AGGRESSIVE GROWTH
89902551 VKAC AGGRESSIVE RETAIL
ESTF0004 ENDEAVOR EQUITY
MTEC MSDW TECHNOLOGY
PRINAGGR PRINCOR EQUITY
PRINCON PRINCOR CONCENTRATED
PRINLCV PRINCOR LARGE CAP VALUE
PRINPART PRINCOR SMALL CAP GROWTH
UFEG UNIVERSAL EQUITY GROWTH
8716 CIGNA
INSTRUCTIONS: 40-ACT FUNDS
This Checklist must be completed in order to ensure compliance with the
40-Act requirements applicable to participations in affiliated
underwritings for 40-Act funds. Please complete this Checklist immediately
after participating in an affiliated underwriting on behalf of each 40-Act
Fund (Note: This Checklist can be found in Excel at
L:\checklist\funds.xls)and forward it to Lauren Teetsel (or Don Ryan in
her absence) in the New York Compliance Department for review,
record-keeping and reporting purposes. The Compliance Department in New
York must receive this Checklist from all MSDWIM offices that engage in
affiliated underwriting transactions for the 40-Act Funds they manage.
Note: A red herring prospectus must be included with the Checklist and a
final prospectus must be forwarded to the New York Compliance Department
for regulatory record retention purposes.
AFFILIATED UNDERWRITING CHECKLIST ("CHECKLIST") FOR 40-ACT FUNDS
--------------------------------------------------------------------------
Issuer: Regent Communications Fund(s) List below in Question #10 below
Offering Date: 01/24/2000 No. of Securities Offered: 16,000,000
(# of shares or # of bonds)
Affiliated Broker: MSDW Price Per Unit: $8.50
--------------------------------------------------------------------------
--------------------------------------------------------------------------
1 The securities to be purchased are: Check One
[x]Registered under the Securities Act of 1933 [] Eligible Rule 144A securities
[ ]Municipal Securities [ ] Offered in an Eligible Foreign Offering *
* See Section V.4.d.4(a)(iii) for a description of a eligible foreign offering
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
2 Are the securities being offered pursuant to a firm
commitment underwriting? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
3 Will transaction be executed away from Morgan Stanley
and not allocated to Morgan Stanley if it is a
"pot trade"? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
4 Has the executing dealer represented that Morgan
Stanley will not receive compensation in connection
with the transaction? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
5 Will the securities be purchased at not more than
the public offering price and no later than the
close of the first full business day on which
any sales are made? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
6 Is the commission or spread to be received by
the underwriters reasonable and fair compared
to that received in comparable transactions? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
7 If a municipal issuer, (1) does the issue have an
investment grade rating from at least one Nationally
Recognized Statistical Rating Organization, or (2) if
the issuer has less than three (3) years of
continuous operations, does the issue have one of
the three highest ratings from one such rating
organization? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
8 If not a municipal issuer, has the issuer (including
predecessors) been in continuous operation for at
least three years? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
9 If the transaction is intended for a third-party
40-Act Fund, has it adopted affiliated underwriting
procedures (I.e. Rule 10f-3) that permit it to engage
in this transaction? Please check with your
Compliance Departement if unsure. x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
10 Is the total principal amount of securities purchased
by MSDWIM/MAS for all 40-Act Funds no more than 10%
of the total offering? (Do not include offshore funds
(I.e.,SICAVs) in this calculation.) x
--------------------
-----
SHOW CALCULATION HERE:
Total Units Offered: 16,000,000.00
Price per Unit: 8.50
10% of Total Offering: 13,600,000.00
40-Act Fund Units Offer Total
To Buy Price Value
71281 300 8.50 $2,550
71928 200 8.50 $1,700
81087 4,200 8.50 $35,700
391486 4,100 8.50 $34,850
391548 300 8.50 $2,550
52297 300 8.50 $2,550
89902549 600 8.50 $5,100
89902551 1,400 8.50 $11,900
ESTF0004 1,000 8.50 $8,500
MTEC 400 8.50 $3,400
PRINAGGR 1,300 8.50 $11,050
PRINCON 100 8.50 $850
PRINLCV 0 8.50 $0
PRINPART 100 8.50 $850
PRINSCG 0 8.50 $0
UFEG 500 8.50 $4,250
UFTECH 0 8.50 $0
Total Principal Amount Purchased by all $125,800
40-Act Funds
Total % of the Offering Purchased by all 0.09%
40-Act Funds
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
11 Has a copy of this completed checklist been forwarded
to Lauren Teetsel in the NY Compliance Department? x
--------------------------------------------------------------------------
/Phillip w. Friedman/
Portfolio Manager's or designee's Signature
Compliance*: YES NO
--------------------------------------------------------------------------
12 Has a copy of this Checklist been forwarded to
Chase Global Fund Services (fax# 617-557-8610)
for MSDWIM-sponsored 40-Act Funds and to the
appropriate outside administrators for third-party
40-Act Funds? (Note: Compliance personnel at the
MSDWIM office executing these trades is responsible
for ensuring that the appropriate outside administrator
receives a copy of the Checklist. x
--------------------------------------------------------------------------
LEGEND
GIMS ACRONYM ACCOUNT NAME
------------ ------------
71281 MSDW EMERGING GROWTH
71928 MSDW VALUE EQUITY
81087 MSDW EQUITY GROWTH
391486 MSDW GROWTH
52297 VKAC EQUITY GRWOTH
89902549 MSDW AGGRESSIVE GROWTH
89902551 VKAC AGGRESSIVE RETAIL
ESTF0004 ENDEAVOR EQUITY
MTEC MSDW TECHNOLOGY
PRINAGGR PRINCOR EQUITY
PRINCON PRINCOR CONCENTRATED
PRINLCV PRINCOR LARGE CAP VALUE
PRINPART PRINCOR SMALL CAP GROWTH
UFEG UNIVERSAL EQUITY GROWTH
8716 CIGNA
INSTRUCTIONS: 40-ACT FUNDS
This Checklist must be completed in order to ensure compliance with the
40-Act requirements applicable to participations in affiliated
underwritings for 40-Act funds. Please complete this Checklist immediately
after participating in an affiliated underwriting on behalf of each 40-Act
Fund (Note: This Checklist can be found in Excel at
L:\checklist\funds.xls)and forward it to Lauren Teetsel (or Don Ryan in
her absence) in the New York Compliance Department for review,
record-keeping and reporting purposes. The Compliance Department in New
York must receive this Checklist from all MSDWIM offices that engage in
affiliated underwriting transactions for the 40-Act Funds they manage.
Note: A red herring prospectus must be included with the Checklist and a
final prospectus must be forwarded to the New York Compliance Department
for regulatory record retention purposes.
AFFILIATED UNDERWRITING CHECKLIST ("CHECKLIST") FOR 40-ACT FUNDS
--------------------------------------------------------------------------
Issuer: Therma-Wave Fund(s) List below in Question #10 below
Offering Date: 02/03/2000 No. of Securities Offered: 9,000,000
(# of shares or # of bonds)
Affiliated Broker: MSDW Price Per Unit: $20.00
--------------------------------------------------------------------------
--------------------------------------------------------------------------
1 The securities to be purchased are: Check One
[x]Registered under the Securities Act of 1933 [] Eligible Rule 144A securities
[] Municipal Securities [ ] Offered in an Eligible Foreign Offering *
*See Section V.4.d.4(a)(iii) for a description of a eligible foreign offering
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
2 Are the securities being offered pursuant to a firm
commitment underwriting? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
3 Will transaction be executed away from Morgan Stanley
and not allocated to Morgan Stanley if it is a
"pot trade"? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
4 Has the executing dealer represented that Morgan
Stanley will not receive compensation in connection
with the transaction? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
5 Will the securities be purchased at not more than
the public offering price and no later than the
close of the first full business day on which any
sales are made? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
6 Is the commission or spread to be received by the
underwriters reasonable and fair compared to that
received in comparable transactions? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
7 If a municipal issuer, (1) does the issue have an
investment grade rating from at least one Nationally
Recognized Statistical Rating Organization, or
(2) if the issuer has less than three (3) years of
continuous operations, does the issue have one of
the three highest ratings from one such rating
organization? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
8 If not a municipal issuer, has the issuer (including
predecessors) been in continuous operation for at
least three years? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
9 If the transaction is intended for a third-party
40-Act Fund, has it adopted affiliated underwriting
procedures (I.e. Rule 10f-3) that permit it to engage
in this transaction? Please check with your
Compliance Departement if unsure. x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
10 Is the total principal amount of securities purchased
by MSDWIM/MAS for all 40-Act Funds no more than 10%
of the total offering? (Do not include offshore funds
(I.e.,SICAVs) in this calculation.) x
--------------------
-----
SHOW CALCULATION HERE:
Total Units Offered: 9,000,000
Price per Unit: 20.00
10% of Total Offering: 18,000,000.00
40-Act Fund Units Offer Total
To Buy Price Value
8716 100 20.00 $2,000
71281 1,200 20.00 $24,000
71928 600 20.00 $12,000
81087 14,700 20.00 $294,000
255 100 20.00 $2,000
391486 14,400 20.00 $288,000
391548 1,200 20.00 $24,000
52297 900 20.00 $18,000
89902549 1,900 20.00 $38,000
89902551 4,900 20.00 $98,000
ESTF0004 3,600 20.00 $72,000
MTEC 1,300 20.00 $26,000
PRINAGGR 4,600 20.00 $92,000
PRINCON 200 20.00 $4,000
PRINLCV 100 20.00 $2,000
PRINPART 400 20.00 $8,000
PRINSCG 100 20.00 $2,000
UFEG 1,700 20.00 $34,000
UFTECH 200 20.00 $4,000
Total Principal Amount Purchased by all $1,044,000
40-Act Funds
Total % of the Offering Purchased by all 0.58%
40-Act Funds
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
11 Has a copy of this completed checklist been forwarded
to Lauren Teetsel in the NY Compliance Department? x
-------------------------------------------------------------------------
/William S. Auslander/
Portfolio Manager's or designee's Signature
Compliance*: YES NO
--------------------------------------------------------------------------
12 Has a copy of this Checklist been forwarded to
Chase Global Fund Services (fax# 617-557-8610)
for MSDWIM-sponsored 40-Act Funds and to the appropriate
outside administrators for third-party 40-Act Funds?
(Note: Compliance personnel at the MSDWIM office
executing these trades is responsible for ensuring
that the appropriate outside administrator receives
a copy of the Checklist. x
--------------------------------------------------------------------------
LEGEND
GIMS ACRONYM ACCOUNT NAME
------------ ------------
71281 MSDW EMERGING GROWTH
71928 MSDW VALUE EQUITY
81087 MSDW EQUITY GROWTH
391486 MSDW GROWTH
52297 VKAC EQUITY GRWOTH
89902549 MSDW AGGRESSIVE GROWTH
89902551 VKAC AGGRESSIVE RETAIL
ESTF0004 ENDEAVOR EQUITY
MTEC MSDW TECHNOLOGY
PRINAGGR PRINCOR EQUITY
PRINCON PRINCOR CONCENTRATED
PRINLCV PRINCOR LARGE CAP VALUE
PRINPART PRINCOR SMALL CAP GROWTH
UFEG UNIVERSAL EQUITY GROWTH
8716 CIGNA
INSTRUCTIONS: 40-ACT FUNDS
This Checklist must be completed in order to ensure compliance with the
40-Act requirements applicable to participations in affiliated
underwritings for 40-Act funds. Please complete this Checklist immediately
after participating in an affiliated underwriting on behalf of each 40-Act
Fund (Note: This Checklist can be found in Excel at
L:\checklist\funds.xls)and forward it to Lauren Teetsel (or Don Ryan in
her absence) in the New York Compliance Department for review,
record-keeping and reporting purposes. The Compliance Department in New
York must receive this Checklist from all MSDWIM offices that engage in
affiliated underwriting transactions for the 40-Act Funds they manage.
Note: A red herring prospectus must be included with the Checklist and a
final prospectus must be forwarded to the New York Compliance Department
for regulatory record retention purposes.
AFFILIATED UNDERWRITING CHECKLIST ("CHECKLIST") FOR 40-ACT FUNDS
--------------------------------------------------------------------------
Issuer: Dobson Communications Fund(s) List below in Question #10 below
Offering Date: 02/03/2000 No. of Securities Offered: 25,000,000
(# of shares or # of bonds)
Affiliated Broker: MSDW Price Per Unit: $22.00
--------------------------------------------------------------------------
--------------------------------------------------------------------------
1 The securities to be purchased are: Check One
[x]Registered under the Securities Act of 1933 [] Eligible Rule 144A securities
[] Municipal Securities [ ] Offered in an Eligible Foreign Offering *
* See Section V.4.d.4(a)(iii) for a description of a eligible foreign offering
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
2 Are the securities being offered pursuant to a
firm commitment underwriting? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
3 Will transaction be executed away from
Morgan Stanley and not allocated to Morgan
Stanley if it is a "pot trade"? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
4 Has the executing dealer represented that
Morgan Stanley will not receive compensation
in connection with the transaction? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
5 Will the securities be purchased at not more
than the public offering price and no later than
the close of the first full business day on which
any sales are made? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
6 Is the commission or spread to be received by the
underwriters reasonable and fair compared to that
received in comparable transactions? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
7 If a municipal issuer, (1) does the issue have an
investment grade rating from at least one Nationally
Recognized Statistical Rating Organization, or (2)
if the issuer has less than three (3) years of
continuous operations, does the issue have one of
the three highest ratings from one such rating
organization? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
8 If not a municipal issuer, has the issuer (including
predecessors) been in continuous operation for at least
three years? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
9 If the transaction is intended for a third-party
40-Act Fund, has it adopted affiliated underwriting
procedures (I.e. Rule 10f-3) that permit it to engage
in this transaction? Please check with your Compliance
Departement if unsure. x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
10 Is the total principal amount of securities purchased
by MSDWIM/MAS for all 40-Act Funds no more than 10%
of the total offering? (Do not include offshore funds
(I.e.,SICAVs) in this calculation.) x
--------------------
SHOW CALCULATION HERE:
Total Units Offered: 25,000,000.00
Price per Unit: 22.00
10% of Total Offering: 55,000,000.00
40-Act Fund Units Offer Total
To Buy Price Value
8716 700 22.00 $15,400
71281 7,300 22.00 $160,600
71928 3,400 22.00 $74,800
81087 89,000 22.00 $1,958,000
255 500 22.00 $11,000
391486 86,400 22.00 $1,900,800
391548 7,300 22.00 $160,600
52297 5,500 22.00 $121,000
89902549 11,600 22.00 $255,200
89902551 29,700 22.00 $653,400
ESTF0004 21,500 22.00 $473,000
MTEC 7,900 22.00 $173,800
PRINAGGR 27,600 22.00 $607,200
PRINCON 1,400 22.00 $30,800
PRINLCV 600 22.00 $13,200
PRINPART 2,500 22.00 $55,000
PRINSCG 600 22.00 $13,200
UFEG 10,500 22.00 $231,000
UFTECH 1,000 22.00 $22,000
Total Principal Amount Purchased by all $6,930,000
40-Act Funds
Total % of the Offering Purchased by all 1.26%
40-Act Funds
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
11 Has a copy of this completed checklist been forwarded
to Lauren Teetsel in the NY Compliance Department? x
--------------------------------------------------------------------------
/William S. Auslander/
Portfolio Manager's or designee's Signature
Compliance*: YES NO
--------------------------------------------------------------------------
12 Has a copy of this Checklist been forwarded to
Chase Global Fund Services (fax# 617-557-8610) for
MSDWIM-sponsored 40-Act Funds and to the
appropriate outside administrators for third-party
40-Act Funds? (Note: Compliance personnel at the
MSDWIM office executing these trades is
responsible for ensuring that the appropriate
outside administrator receives a copy of the
Checklist. x
--------------------------------------------------------------------------
LEGEND
GIMS ACRONYM ACCOUNT NAME
------------ ------------
71281 MSDW EMERGING GROWTH
71928 MSDW VALUE EQUITY
81087 MSDW EQUITY GROWTH
255 ALLSTATE
391486 MSDW GROWTH
391548 MSDW SELECT
52297 VKAC EQUITY GRWOTH
89902549 MSDW AGGRESSIVE GROWTH
89902551 VKAC AGGRESSIVE RETAIL
ESTF0004 ENDEAVOR EQUITY
MTEC MSDW TECHNOLOGY
PRINAGGR PRINCOR EQUITY
PRINCON PRINCOR CONCENTRATED
PRINLCV PRINCOR LARGE CAP VALUE
PRINPART PRINCOR SMALL CAP GROWTH
UFEG UNIVERSAL EQUITY GROWTH
UFTECH UNIVERSAL TECHNOLOGY
8716 CIGNA
INSTRUCTIONS: 40-ACT FUNDS
This Checklist must be completed in order to ensure compliance with the
40-Act requirements applicable to participations in affiliated
underwritings for 40-Act funds. Please complete this Checklist immediately
after participating in an affiliated underwriting on behalf of each 40-Act
Fund (Note: This Checklist can be found in Excel at
L:\checklist\funds.xls)and forward it to Lauren Teetsel (or Don Ryan in
her absence) in the New York Compliance Department for review,
record-keeping and reporting purposes. The Compliance Department in New
York must receive this Checklist from all MSDWIM offices that engage in
affiliated underwriting transactions for the 40-Act Funds they manage.
Note: A red herring prospectus must be included with the Checklist and a
final prospectus must be forwarded to the New York Compliance Department
for regulatory record retention purposes.
AFFILIATED UNDERWRITING CHECKLIST ("CHECKLIST") FOR 40-ACT FUNDS
--------------------------------------------------------------------------
Issuer: Antigenics Fund(s) List below in Question #10 below
Offering Date: 02/04/2000 No. of Securities Offered: 3,500,000
(# of shares or # of bonds)
Affiliated Broker: MSDW Price Per Unit: $18.00
--------------------------------------------------------------------------
--------------------------------------------------------------------------
1 The securities to be purchased are: Check One
[x]Registered under the Securities Act of 1933 [] Eligible Rule 144A securities
[ ]Municipal Securities [ ] Offered in an Eligible Foreign Offering *
* See Section V.4.d.4(a)(iii) for a description of a eligible foreign offering
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
2 Are the securities being offered pursuant to a firm
commitment underwriting? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
3 Will transaction be executed away from Morgan Stanley
and not allocated to Morgan Stanley if it is a
"pot trade"? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
4 Has the executing dealer represented that Morgan
Stanley will not receive compensation in connection
with the transaction? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
5 Will the securities be purchased at not more than
the public offering price and no later than the
close of the first full business day on which
any sales are made? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
6 Is the commission or spread to be received by
the underwriters reasonable and fair compared
to that received in comparable transactions? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
7 If a municipal issuer, (1) does the issue have an
investment grade rating from at least one Nationally
Recognized Statistical Rating Organization, or (2) if
the issuer has less than three (3) years of
continuous operations, does the issue have one of
the three highest ratings from one such rating
organization? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
8 If not a municipal issuer, has the issuer (including
predecessors) been in continuous operation for at
least three years? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
9 If the transaction is intended for a third-party
40-Act Fund, has it adopted affiliated underwriting
procedures (I.e. Rule 10f-3) that permit it to engage
in this transaction? Please check with your
Compliance Departement if unsure. x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
10 Is the total principal amount of securities purchased
by MSDWIM/MAS for all 40-Act Funds no more than 10%
of the total offering? (Do not include offshore funds
(I.e.,SICAVs) in this calculation.) x
--------------------
SHOW CALCULATION HERE:
Total Units Offered: 3,500,000.00
Price per Unit: 18.00
10% of Total Offering: 6,300,000.00
40-Act Fund Units Offer Total
To Buy Price Value
71281 100 18.00 $1,800
71928 0 18.00 $0
81087 1,100 18.00 $19,800
255 0 18.00 $0
391486 1,000 18.00 $18,000
391548 100 18.00 $1,800
52297 100 18.00 $1,800
89902549 100 18.00 $1,800
89902551 300 18.00 $5,400
ESTF0004 200 18.00 $3,600
MTEC 100 18.00 $1,800
PRINAGGR 300 18.00 $5,400
PRINCON 0 18.00 $0
PRINLCV 0 18.00 $0
PRINPART 0 18.00 $0
PRINSCG 0 18.00 $0
UFEG 100 18.00 $1,800
UFTECH 0 18.00 $0
Total Principal Amount Purchased by all $63,000
40-Act Funds
Total % of the Offering Purchased by all 0.10%
40-Act Funds
------------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
11 Has a copy of this completed checklist been forwarded
to Lauren Teetsel in the NY Compliance Department? x
--------------------------------------------------------------------------
/William S. Auslander/
Portfolio Manager's or designee's Signature
Compliance*: YES NO
--------------------------------------------------------------------------
12 Has a copy of this Checklist been forwarded to
Chase Global Fund Services (fax# 617-557-8610)
for MSDWIM-sponsored 40-Act Funds and to the
appropriate outside administrators for third-party
40-Act Funds? (Note: Compliance personnel at the
MSDWIM office executing these trades is responsible
for ensuring that the appropriate outside administrator
receives a copy of the Checklist. x
--------------------------------------------------------------------------
LEGEND
GIMS ACRONYM ACCOUNT NAME
------------ ------------
71281 MSDW EMERGING GROWTH
71928 MSDW VALUE EQUITY
81087 MSDW EQUITY GROWTH
391486 MSDW GROWTH
52297 VKAC EQUITY GRWOTH
89902549 MSDW AGGRESSIVE GROWTH
89902551 VKAC AGGRESSIVE RETAIL
ESTF0004 ENDEAVOR EQUITY
MTEC MSDW TECHNOLOGY
PRINAGGR PRINCOR EQUITY
PRINCON PRINCOR CONCENTRATED
PRINLCV PRINCOR LARGE CAP VALUE
PRINPART PRINCOR SMALL CAP GROWTH
UFEG UNIVERSAL EQUITY GROWTH
8716 CIGNA
INSTRUCTIONS: 40-ACT FUNDS
This Checklist must be completed in order to ensure compliance with the
40-Act requirements applicable to participations in affiliated
underwritings for 40-Act funds. Please complete this Checklist immediately
after participating in an affiliated underwriting on behalf of each 40-Act
Fund (Note: This Checklist can be found in Excel at
L:\checklist\funds.xls)and forward it to Lauren Teetsel (or Don Ryan in
her absence) in the New York Compliance Department for review,
record-keeping and reporting purposes. The Compliance Department in New
York must receive this Checklist from all MSDWIM offices that engage in
affiliated underwriting transactions for the 40-Act Funds they manage.
Note: A red herring prospectus must be included with the Checklist and a
final prospectus must be forwarded to the New York Compliance Department
for regulatory record retention purposes.
AFFILIATED UNDERWRITING CHECKLIST ("CHECKLIST") FOR 40-ACT FUNDS
--------------------------------------------------------------------------
Issuer: Doubleclick Inc Fund(s) List below in Question #10 below
Offering Date: 02/17/2000 No. of Securities Offered: 7,500,000
(# of shares or # of bonds)
Affiliated Broker: MSDW Price Per Unit: $90.25
--------------------------------------------------------------------------
--------------------------------------------------------------------------
1 The securities to be purchased are: Check One
[x]Registered under the Securities Act of 1933 [] Eligible Rule 144A securities
[ ]Municipal Securities [ ] Offered in an Eligible Foreign Offering *
* See Section V.4.d.4(a)(iii) for a description of a eligible foreign offering
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
2 Are the securities being offered pursuant to a firm
commitment underwriting? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
3 Will transaction be executed away from Morgan Stanley
and not allocated to Morgan Stanley if it is a
"pot trade"? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
4 Has the executing dealer represented that Morgan
Stanley will not receive compensation in connection
with the transaction? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
5 Will the securities be purchased at not more than
the public offering price and no later than the
close of the first full business day on which
any sales are made? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
6 Is the commission or spread to be received by
the underwriters reasonable and fair compared
to that received in comparable transactions? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
7 If a municipal issuer, (1) does the issue have an
investment grade rating from at least one Nationally
Recognized Statistical Rating Organization, or (2) if
the issuer has less than three (3) years of
continuous operations, does the issue have one of
the three highest ratings from one such rating
organization? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
8 If not a municipal issuer, has the issuer (including
predecessors) been in continuous operation for at
least three years? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
9 If the transaction is intended for a third-party
40-Act Fund, has it adopted affiliated underwriting
procedures (I.e. Rule 10f-3) that permit it to engage
in this transaction? Please check with your
Compliance Departement if unsure. x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
10 Is the total principal amount of securities purchased
by MSDWIM/MAS for all 40-Act Funds no more than 10%
of the total offering? (Do not include offshore funds
(I.e.,SICAVs) in this calculation.) x
--------------------
-----
SHOW CALCULATION HERE:
Total Units Offered: 7,500,000.00
Price per Unit: 90.25
10% of Total Offering: 67,687,500.00
40-Act Fund Units Offer Total
To Buy Price Value
71281 0 90.25 $0
71928 0 90.25 $0
81087 43,500 90.25 $3,925,875
255 0 90.25 $0
391486 41,800 90.25 $3,772,450
391548 3,600 90.25 $324,900
52297 2,800 90.25 $252,700
8716 300 90.25 $27,075
89902549 0 90.25 $0
89902551 0 90.25 $0
ESTF0004 10,300 90.25 $929,575
MTEC 9,500 90.25 $857,375
PRINAGGR 13,300 90.25 $1,200,325
PRINCON 700 90.25 $63,175
PRINLCV 0 90.25 $0
PRINPART 1,400 90.25 $126,350
PRINSCG 0 90.25 $0
UFEG 5,200 90.25 $469,300
UFTECH 1,700 90.25 $153,425
Total Principal Amount Purchased by all $12,102,525
40-Act Funds
Total % of the Offering Purchased by all 1.79%
40-Act Funds
-------------------------------------------------------------------------------
------------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
11 Has a copy of this completed checklist been forwarded
to Lauren Teetsel in the NY Compliance Department? x
--------------------------------------------------------------------------
/Phillip W. Friedman/
Portfolio Manager's or designee's Signature
Compliance*: YES NO
--------------------------------------------------------------------------
12 Has a copy of this Checklist been forwarded to
Chase Global Fund Services (fax# 617-557-8610)
for MSDWIM-sponsored 40-Act Funds and to the
appropriate outside administrators for third-party
40-Act Funds? (Note: Compliance personnel at the
MSDWIM office executing these trades is responsible
for ensuring that the appropriate outside administrator
receives a copy of the Checklist. x
--------------------------------------------------------------------------
LEGEND
GIMS ACRONYM ACCOUNT NAME
------------ ------------
71281 MSDW EMERGING GROWTH
71928 MSDW VALUE EQUITY
81087 MSDW EQUITY GROWTH
391486 MSDW GROWTH
52297 VKAC EQUITY GRWOTH
89902549 MSDW AGGRESSIVE GROWTH
89902551 VKAC AGGRESSIVE RETAIL
ESTF0004 ENDEAVOR EQUITY
MTEC MSDW TECHNOLOGY
PRINAGGR PRINCOR EQUITY
PRINCON PRINCOR CONCENTRATED
PRINLCV PRINCOR LARGE CAP VALUE
PRINPART PRINCOR SMALL CAP GROWTH
UFEG UNIVERSAL EQUITY GROWTH
8716 CIGNA
INSTRUCTIONS: 40-ACT FUNDS
This Checklist must be completed in order to ensure compliance with the
40-Act requirements applicable to participations in affiliated
underwritings for 40-Act funds. Please complete this Checklist immediately
after participating in an affiliated underwriting on behalf of each 40-Act
Fund (Note: This Checklist can be found in Excel at
L:\checklist\funds.xls)and forward it to Lauren Teetsel (or Don Ryan in
her absence) in the New York Compliance Department for review,
record-keeping and reporting purposes. The Compliance Department in New
York must receive this Checklist from all MSDWIM offices that engage in
affiliated underwriting transactions for the 40-Act Funds they manage.
Note: A red herring prospectus must be included with the Checklist and a
final prospectus must be forwarded to the New York Compliance Department
for regulatory record retention purposes.
AFFILIATED UNDERWRITING CHECKLIST ("CHECKLIST") FOR 40-ACT FUNDS
--------------------------------------------------------------------------
Issuer: Eloquent, Inc Fund(s) List below in Question #10 below
Offering Date: 02/17/2000 No. of Securities Offered: 4,500,000
(# of shares or # of bonds)
Affiliated Broker: MSDW Price Per Unit: $16.00
--------------------------------------------------------------------------
--------------------------------------------------------------------------
1 The securities to be purchased are: Check One
[x]Registered under the Securities Act of 1933 [] Eligible Rule 144A securities
[ ]Municipal Securities [ ] Offered in an Eligible Foreign Offering *
* See Section V.4.d.4(a)(iii) for a description of a eligible foreign offering
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
2 Are the securities being offered pursuant to a firm
commitment underwriting? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
3 Will transaction be executed away from Morgan Stanley
and not allocated to Morgan Stanley if it is a
"pot trade"? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
4 Has the executing dealer represented that Morgan
Stanley will not receive compensation in connection
with the transaction? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
5 Will the securities be purchased at not more than
the public offering price and no later than the
close of the first full business day on which
any sales are made? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
6 Is the commission or spread to be received by
the underwriters reasonable and fair compared
to that received in comparable transactions? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
7 If a municipal issuer, (1) does the issue have an
investment grade rating from at least one Nationally
Recognized Statistical Rating Organization, or (2) if
the issuer has less than three (3) years of
continuous operations, does the issue have one of
the three highest ratings from one such rating
organization? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
8 If not a municipal issuer, has the issuer (including
predecessors) been in continuous operation for at
least three years? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
9 If the transaction is intended for a third-party
40-Act Fund, has it adopted affiliated underwriting
procedures (I.e. Rule 10f-3) that permit it to engage
in this transaction? Please check with your
Compliance Departement if unsure. x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
10 Is the total principal amount of securities purchased
by MSDWIM/MAS for all 40-Act Funds no more than 10%
of the total offering? (Do not include offshore funds
(I.e.,SICAVs) in this calculation.) x
--------------------
-----
SHOW CALCULATION HERE:
Total Units Offered: 4,500,000.00
Price per Unit: 16.00
10% of Total Offering: 7,200,000.00
40-Act Fund Units Offer Total
To Buy Price Value
71281 100 16.00 $1,600
71928 0 16.00 $0
81087 1,100 16.00 $17,600
255 0 16.00 $0
391486 1,000 16.00 $16,000
391548 100 16.00 $1,600
52297 100 16.00 $1,600
8716 0 16.00 $0
89902549 100 16.00 $1,600
89902551 300 16.00 $4,800
ESTF0004 200 16.00 $3,200
MTEC 100 16.00 $1,600
PRINAGGR 300 16.00 $4,800
PRINCON 0 16.00 $0
PRINLCV 0 16.00 $0
PRINPART 0 16.00 $0
PRINSCG 0 16.00 $0
UFEG 100 16.00 $1,600
UFTECH 0 16.00 $0
Total Principal Amount Purchased by all $56,000
40-Act Funds
Total % of the Offering Purchased by all 0.08%
40-Act Funds
--------------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
11 Has a copy of this completed checklist been forwarded
to Lauren Teetsel in the NY Compliance Department? x
--------------------------------------------------------------------------
/Phillip W. Friedman/
Portfolio Manager's or designee's Signature
Compliance*: YES NO
--------------------------------------------------------------------------
12 Has a copy of this Checklist been forwarded to
Chase Global Fund Services (fax# 617-557-8610)
for MSDWIM-sponsored 40-Act Funds and to the
appropriate outside administrators for third-party
40-Act Funds? (Note: Compliance personnel at the
MSDWIM office executing these trades is responsible
for ensuring that the appropriate outside administrator
receives a copy of the Checklist. x
--------------------------------------------------------------------------
LEGEND
GIMS ACRONYM ACCOUNT NAME
------------ ------------
71281 MSDW EMERGING GROWTH
71928 MSDW VALUE EQUITY
81087 MSDW EQUITY GROWTH
391486 MSDW GROWTH
52297 VKAC EQUITY GRWOTH
89902549 MSDW AGGRESSIVE GROWTH
89902551 VKAC AGGRESSIVE RETAIL
ESTF0004 ENDEAVOR EQUITY
MTEC MSDW TECHNOLOGY
PRINAGGR PRINCOR EQUITY
PRINCON PRINCOR CONCENTRATED
PRINLCV PRINCOR LARGE CAP VALUE
PRINPART PRINCOR SMALL CAP GROWTH
UFEG UNIVERSAL EQUITY GROWTH
8716 CIGNA
INSTRUCTIONS: 40-ACT FUNDS
This Checklist must be completed in order to ensure compliance with the
40-Act requirements applicable to participations in affiliated
underwritings for 40-Act funds. Please complete this Checklist immediately
after participating in an affiliated underwriting on behalf of each 40-Act
Fund (Note: This Checklist can be found in Excel at
L:\checklist\funds.xls)and forward it to Lauren Teetsel (or Don Ryan in
her absence) in the New York Compliance Department for review,
record-keeping and reporting purposes. The Compliance Department in New
York must receive this Checklist from all MSDWIM offices that engage in
affiliated underwriting transactions for the 40-Act Funds they manage.
Note: A red herring prospectus must be included with the Checklist and a
final prospectus must be forwarded to the New York Compliance Department
for regulatory record retention purposes.
AFFILIATED UNDERWRITING CHECKLIST ("CHECKLIST") FOR 40-ACT FUNDS
--------------------------------------------------------------------------
Issuer: Savvis Communications Fund(s) List below in Question #10 below
Offering Date: 02/14/2000 No. of Securities Offered: 17,000,000
(# of shares or # of bonds)
Affiliated Broker: MSDW Price Per Unit: $24.00
--------------------------------------------------------------------------
--------------------------------------------------------------------------
1 The securities to be purchased are: Check One
[x]Registered under the Securities Act of 1933 [] Eligible Rule 144A securities
[ ]Municipal Securities [ ] Offered in an Eligible Foreign Offering *
* See Section V.4.d.4(a)(iii) for a description of a eligible foreign offering
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
2 Are the securities being offered pursuant to a firm
commitment underwriting? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
3 Will transaction be executed away from Morgan Stanley
and not allocated to Morgan Stanley if it is a
"pot trade"? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
4 Has the executing dealer represented that Morgan
Stanley will not receive compensation in connection
with the transaction? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
5 Will the securities be purchased at not more than
the public offering price and no later than the
close of the first full business day on which
any sales are made? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
6 Is the commission or spread to be received by
the underwriters reasonable and fair compared
to that received in comparable transactions? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
7 If a municipal issuer, (1) does the issue have an
investment grade rating from at least one Nationally
Recognized Statistical Rating Organization, or (2) if
the issuer has less than three (3) years of
continuous operations, does the issue have one of
the three highest ratings from one such rating
organization? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
8 If not a municipal issuer, has the issuer (including
predecessors) been in continuous operation for at
least three years? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
9 If the transaction is intended for a third-party
40-Act Fund, has it adopted affiliated underwriting
procedures (I.e. Rule 10f-3) that permit it to engage
in this transaction? Please check with your
Compliance Departement if unsure. x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
10 Is the total principal amount of securities purchased
by MSDWIM/MAS for all 40-Act Funds no more than 10%
of the total offering? (Do not include offshore funds
(I.e.,SICAVs) in this calculation.) x
--------------------
-----
SHOW CALCULATION HERE:
Total Units Offered: 17,000,000.00
Price per Unit: 24.00
10% of Total Offering: 40,800,000.00
40-Act Fund Units Offer Total
To Buy Price Value
71281 1,200 24.00 $28,800
71928 0 24.00 $0
81087 11,300 24.00 $271,200
255 100 24.00 $2,400
391486 10,900 24.00 $261,600
391548 900 24.00 $21,600
52297 700 24.00 $16,800
8716 100 24.00 $2,400
89902549 1,500 24.00 $36,000
89902551 3,800 24.00 $91,200
ESTF0004 2,700 24.00 $64,800
MTEC 1,000 24.00 $24,000
PRINAGGR 3,500 24.00 $84,000
PRINCON 200 24.00 $4,800
PRINLCV 0 24.00 $0
PRINPART 400 24.00 $9,600
PRINSCG 100 24.00 $2,400
UFEG 1,400 24.00 $33,600
UFTECH 200 24.00 $4,800
Total Principal Amount Purchased by all $960,000
40-Act Funds
Total % of the Offering Purchased by all 0.24%
40-Act Funds
-------------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
11 Has a copy of this completed checklist been forwarded
to Lauren Teetsel in the NY Compliance Department? x
--------------------------------------------------------------------------
/Phillip W. Friedman/
Portfolio Manager's or designee's Signature
Compliance*: YES NO
--------------------------------------------------------------------------
12 Has a copy of this Checklist been forwarded to
Chase Global Fund Services (fax# 617-557-8610)
for MSDWIM-sponsored 40-Act Funds and to the
appropriate outside administrators for third-party
40-Act Funds? (Note: Compliance personnel at the
MSDWIM office executing these trades is responsible
for ensuring that the appropriate outside administrator
receives a copy of the Checklist. x
--------------------------------------------------------------------------
LEGEND
GIMS ACRONYM ACCOUNT NAME
------------ ------------
71281 MSDW EMERGING GROWTH
71928 MSDW VALUE EQUITY
81087 MSDW EQUITY GROWTH
391486 MSDW GROWTH
52297 VKAC EQUITY GRWOTH
89902549 MSDW AGGRESSIVE GROWTH
89902551 VKAC AGGRESSIVE RETAIL
ESTF0004 ENDEAVOR EQUITY
MTEC MSDW TECHNOLOGY
PRINAGGR PRINCOR EQUITY
PRINCON PRINCOR CONCENTRATED
PRINLCV PRINCOR LARGE CAP VALUE
PRINPART PRINCOR SMALL CAP GROWTH
UFEG UNIVERSAL EQUITY GROWTH
8716 CIGNA
INSTRUCTIONS: 40-ACT FUNDS
This Checklist must be completed in order to ensure compliance with the
40-Act requirements applicable to participations in affiliated
underwritings for 40-Act funds. Please complete this Checklist immediately
after participating in an affiliated underwriting on behalf of each 40-Act
Fund (Note: This Checklist can be found in Excel at
L:\checklist\funds.xls)and forward it to Lauren Teetsel (or Don Ryan in
her absence) in the New York Compliance Department for review,
record-keeping and reporting purposes. The Compliance Department in New
York must receive this Checklist from all MSDWIM offices that engage in
affiliated underwriting transactions for the 40-Act Funds they manage.
Note: A red herring prospectus must be included with the Checklist and a
final prospectus must be forwarded to the New York Compliance Department
for regulatory record retention purposes.
AFFILIATED UNDERWRITING CHECKLIST ("CHECKLIST") FOR 40-ACT FUNDS
--------------------------------------------------------------------------
Issuer: Diversa Corp Fund(s) List below in Question #10 below
Offering Date: 02/14/2000 No. of Securities Offered: 7,250,000
(# of shares or # of bonds)
Affiliated Broker: MSDW Price Per Unit: $24.00
--------------------------------------------------------------------------
--------------------------------------------------------------------------
1 The securities to be purchased are: Check One
[x]Registered under the Securities Act of 1933 [] Eligible Rule 144A securities
[ ]Municipal Securities [ ] Offered in an Eligible Foreign Offering *
* See Section V.4.d.4(a)(iii) for a description of a eligible foreign offering
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
2 Are the securities being offered pursuant to a firm
commitment underwriting? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
3 Will transaction be executed away from Morgan Stanley
and not allocated to Morgan Stanley if it is a
"pot trade"? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
4 Has the executing dealer represented that Morgan
Stanley will not receive compensation in connection
with the transaction? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
5 Will the securities be purchased at not more than
the public offering price and no later than the
close of the first full business day on which
any sales are made? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
6 Is the commission or spread to be received by
the underwriters reasonable and fair compared
to that received in comparable transactions? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
7 If a municipal issuer, (1) does the issue have an
investment grade rating from at least one Nationally
Recognized Statistical Rating Organization, or (2) if
the issuer has less than three (3) years of
continuous operations, does the issue have one of
the three highest ratings from one such rating
organization? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
8 If not a municipal issuer, has the issuer (including
predecessors) been in continuous operation for at
least three years? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
9 If the transaction is intended for a third-party
40-Act Fund, has it adopted affiliated underwriting
procedures (I.e. Rule 10f-3) that permit it to engage
in this transaction? Please check with your
Compliance Departement if unsure. x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
10 Is the total principal amount of securities purchased
by MSDWIM/MAS for all 40-Act Funds no more than 10%
of the total offering? (Do not include offshore funds
(I.e.,SICAVs) in this calculation.) x
--------------------
-----
SHOW CALCULATION HERE:
Total Units Offered: 7,250,000.00
Price per Unit: 24.00
10% of Total Offering: 17,400,000.00
40-Act Fund Units Offer Total
To Buy Price Value
71281 1,000 24.00 $24,000
71928 0 24.00 $0
81087 10,000 24.00 $240,000
255 100 24.00 $2,400
391486 9,600 24.00 $230,400
391548 800 24.00 $19,200
52297 600 24.00 $14,400
8716 100 24.00 $2,400
89902549 1,300 24.00 $31,200
89902551 3,300 24.00 $79,200
ESTF0004 2,400 24.00 $57,600
MTEC 900 24.00 $21,600
PRINAGGR 3,100 24.00 $74,400
PRINCON 200 24.00 $4,800
PRINLCV 0 24.00 $0
PRINPART 300 24.00 $7,200
PRINSCG 100 24.00 $2,400
UFEG 1,200 24.00 $28,800
UFTECH 100 24.00 $2,400
Total Principal Amount Purchased by all $842,400
40-Act Funds
Total % of the Offering Purchased by all 0.48%
40-Act Funds
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
11 Has a copy of this completed checklist been forwarded
to Lauren Teetsel in the NY Compliance Department? x
--------------------------------------------------------------------------
/Phillip W. Friedman/
Portfolio Manager's or designee's Signature
Compliance*: YES NO
--------------------------------------------------------------------------
12 Has a copy of this Checklist been forwarded to
Chase Global Fund Services (fax# 617-557-8610)
for MSDWIM-sponsored 40-Act Funds and to the
appropriate outside administrators for third-party
40-Act Funds? (Note: Compliance personnel at the
MSDWIM office executing these trades is responsible
for ensuring that the appropriate outside administrator
receives a copy of the Checklist. x
--------------------------------------------------------------------------
LEGEND
GIMS ACRONYM ACCOUNT NAME
------------ ------------
71281 MSDW EMERGING GROWTH
71928 MSDW VALUE EQUITY
81087 MSDW EQUITY GROWTH
391486 MSDW GROWTH
52297 VKAC EQUITY GRWOTH
89902549 MSDW AGGRESSIVE GROWTH
89902551 VKAC AGGRESSIVE RETAIL
ESTF0004 ENDEAVOR EQUITY
MTEC MSDW TECHNOLOGY
PRINAGGR PRINCOR EQUITY
PRINCON PRINCOR CONCENTRATED
PRINLCV PRINCOR LARGE CAP VALUE
PRINPART PRINCOR SMALL CAP GROWTH
UFEG UNIVERSAL EQUITY GROWTH
8716 CIGNA
INSTRUCTIONS: 40-ACT FUNDS
This Checklist must be completed in order to ensure compliance with the
40-Act requirements applicable to participations in affiliated
underwritings for 40-Act funds. Please complete this Checklist immediately
after participating in an affiliated underwriting on behalf of each 40-Act
Fund (Note: This Checklist can be found in Excel at
L:\checklist\funds.xls)and forward it to Lauren Teetsel (or Don Ryan in
her absence) in the New York Compliance Department for review,
record-keeping and reporting purposes. The Compliance Department in New
York must receive this Checklist from all MSDWIM offices that engage in
affiliated underwriting transactions for the 40-Act Funds they manage.
Note: A red herring prospectus must be included with the Checklist and a
final prospectus must be forwarded to the New York Compliance Department
for regulatory record retention purposes.
AFFILIATED UNDERWRITING CHECKLIST ("CHECKLIST") FOR 40-ACT FUNDS
--------------------------------------------------------------------------
Issuer: Flag Telecom Holdings Fund(s) List below in Question #10 below
Offering Date: 02/11/2000 No. of Securities Offered: 31,680,000
(# of shares or # of bonds)
Affiliated Broker: MSDW Price Per Unit: $24.00
--------------------------------------------------------------------------
--------------------------------------------------------------------------
1 The securities to be purchased are: Check One
[x]Registered under the Securities Act of 1933 [] Eligible Rule 144A securities
[ ]Municipal Securities [ ] Offered in an Eligible Foreign Offering *
* See Section V.4.d.4(a)(iii) for a description of a eligible foreign offering
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
2 Are the securities being offered pursuant to a firm
commitment underwriting? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
3 Will transaction be executed away from Morgan Stanley
and not allocated to Morgan Stanley if it is a
"pot trade"? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
4 Has the executing dealer represented that Morgan
Stanley will not receive compensation in connection
with the transaction? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
5 Will the securities be purchased at not more than
the public offering price and no later than the
close of the first full business day on which
any sales are made? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
6 Is the commission or spread to be received by
the underwriters reasonable and fair compared
to that received in comparable transactions? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
7 If a municipal issuer, (1) does the issue have an
investment grade rating from at least one Nationally
Recognized Statistical Rating Organization, or (2) if
the issuer has less than three (3) years of
continuous operations, does the issue have one of
the three highest ratings from one such rating
organization? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
8 If not a municipal issuer, has the issuer (including
predecessors) been in continuous operation for at
least three years? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
9 If the transaction is intended for a third-party
40-Act Fund, has it adopted affiliated underwriting
procedures (I.e. Rule 10f-3) that permit it to engage
in this transaction? Please check with your
Compliance Departement if unsure. x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
10 Is the total principal amount of securities purchased
by MSDWIM/MAS for all 40-Act Funds no more than 10%
of the total offering? (Do not include offshore funds
(I.e.,SICAVs) in this calculation.) x
--------------------
-----
SHOW CALCULATION HERE:
Total Units Offered: 31,680,000.00
Price per Unit: 24.00
10% of Total Offering: 76,032,000.00
40-Act Fund Units Offer Total
To Buy Price Value
71281 3,300 24.00 $79,200
71928 1,200 24.00 $28,800
81087 34,100 24.00 $818,400
255 200 24.00 $4,800
391486 32,800 24.00 $787,200
391548 2,800 24.00 $67,200
52297 2,100 24.00 $50,400
8716 300 24.00 $7,200
89902549 4,400 24.00 $105,600
89902551 11,300 24.00 $271,200
ESTF0004 8,100 24.00 $194,400
MTEC 3,200 24.00 $76,800
PRINAGGR 10,400 24.00 $249,600
PRINCON 500 24.00 $12,000
PRINLCV 200 24.00 $4,800
PRINPART 1,000 24.00 $24,000
PRINSCG 300 24.00 $7,200
UFEG 4,000 24.00 $96,000
UFTECH 500 24.00 $12,000
Total Principal Amount Purchased by all $2,896,800
40-Act Funds
Total % of the Offering Purchased by all 0.38%
40-Act Funds
-------------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
11 Has a copy of this completed checklist been forwarded
to Lauren Teetsel in the NY Compliance Department? x
--------------------------------------------------------------------------
/Phillip W. Friedman/
Portfolio Manager's or designee's Signature
Compliance*: YES NO
--------------------------------------------------------------------------
12 Has a copy of this Checklist been forwarded to
Chase Global Fund Services (fax# 617-557-8610)
for MSDWIM-sponsored 40-Act Funds and to the
appropriate outside administrators for third-party
40-Act Funds? (Note: Compliance personnel at the
MSDWIM office executing these trades is responsible
for ensuring that the appropriate outside administrator
receives a copy of the Checklist. x
--------------------------------------------------------------------------
LEGEND
GIMS ACRONYM ACCOUNT NAME
------------ ------------
71281 MSDW EMERGING GROWTH
71928 MSDW VALUE EQUITY
81087 MSDW EQUITY GROWTH
391486 MSDW GROWTH
52297 VKAC EQUITY GRWOTH
89902549 MSDW AGGRESSIVE GROWTH
89902551 VKAC AGGRESSIVE RETAIL
ESTF0004 ENDEAVOR EQUITY
MTEC MSDW TECHNOLOGY
PRINAGGR PRINCOR EQUITY
PRINCON PRINCOR CONCENTRATED
PRINLCV PRINCOR LARGE CAP VALUE
PRINPART PRINCOR SMALL CAP GROWTH
UFEG UNIVERSAL EQUITY GROWTH
8716 CIGNA
INSTRUCTIONS: 40-ACT FUNDS
This Checklist must be completed in order to ensure compliance with the
40-Act requirements applicable to participations in affiliated
underwritings for 40-Act funds. Please complete this Checklist immediately
after participating in an affiliated underwriting on behalf of each 40-Act
Fund (Note: This Checklist can be found in Excel at
L:\checklist\funds.xls)and forward it to Lauren Teetsel (or Don Ryan in
her absence) in the New York Compliance Department for review,
record-keeping and reporting purposes. The Compliance Department in New
York must receive this Checklist from all MSDWIM offices that engage in
affiliated underwriting transactions for the 40-Act Funds they manage.
Note: A red herring prospectus must be included with the Checklist and a
final prospectus must be forwarded to the New York Compliance Department
for regulatory record retention purposes.
AFFILIATED UNDERWRITING CHECKLIST ("CHECKLIST") FOR 40-ACT FUNDS
--------------------------------------------------------------------------
Issuer: Cypress Communications Fund(s) List below in Question #10 below
Offering Date: 02/10/2000 No. of Securities Offered: 10,000,000
(# of shares or # of bonds)
Affiliated Broker: MSDW Price Per Unit: $17.00
--------------------------------------------------------------------------
--------------------------------------------------------------------------
1 The securities to be purchased are: Check One
[x]Registered under the Securities Act of 1933 [] Eligible Rule 144A securities
[ ]Municipal Securities [ ] Offered in an Eligible Foreign Offering *
* See Section V.4.d.4(a)(iii) for a description of a eligible foreign offering
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
2 Are the securities being offered pursuant to a firm
commitment underwriting? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
3 Will transaction be executed away from Morgan Stanley
and not allocated to Morgan Stanley if it is a
"pot trade"? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
4 Has the executing dealer represented that Morgan
Stanley will not receive compensation in connection
with the transaction? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
5 Will the securities be purchased at not more than
the public offering price and no later than the
close of the first full business day on which
any sales are made? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
6 Is the commission or spread to be received by
the underwriters reasonable and fair compared
to that received in comparable transactions? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
7 If a municipal issuer, (1) does the issue have an
investment grade rating from at least one Nationally
Recognized Statistical Rating Organization, or (2) if
the issuer has less than three (3) years of
continuous operations, does the issue have one of
the three highest ratings from one such rating
organization? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
8 If not a municipal issuer, has the issuer (including
predecessors) been in continuous operation for at
least three years? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
9 If the transaction is intended for a third-party
40-Act Fund, has it adopted affiliated underwriting
procedures (I.e. Rule 10f-3) that permit it to engage
in this transaction? Please check with your
Compliance Departement if unsure. x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
10 Is the total principal amount of securities purchased
by MSDWIM/MAS for all 40-Act Funds no more than 10%
of the total offering? (Do not include offshore funds
(I.e.,SICAVs) in this calculation.) x
--------------------
-----
SHOW CALCULATION HERE:
Total Units Offered: 10,000,000.00
Price per Unit: 17.00
10% of Total Offering: 17,000,000.00
40-Act Fund Units Offer Total
To Buy Price Value
71281 400 17.00 $6,800
71928 0 17.00 $0
81087 4,100 17.00 $69,700
255 0 17.00 $0
391486 3,900 17.00 $66,300
391548 300 17.00 $5,100
52297 300 17.00 $5,100
89902549 500 17.00 $8,500
89902551 1,400 17.00 $23,800
ESTF0004 1,000 17.00 $17,000
MTEC 400 17.00 $6,800
PRINAGGR 1,300 17.00 $22,100
PRINCON 100 17.00 $1,700
PRINLCV 0 17.00 $0
PRINPART 100 17.00 $1,700
PRINSCG 0 17.00 $0
UFEG 500 17.00 $8,500
UFTECH 100 17.00 $1,700
Total Principal Amount Purchased by all $244,800
40-Act Funds
Total % of the Offering Purchased by all 0.14%
40-Act Funds
-------------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
11 Has a copy of this completed checklist been forwarded
to Lauren Teetsel in the NY Compliance Department? x
--------------------------------------------------------------------------
/Phillip W. Friedman/
Portfolio Manager's or designee's Signature
Compliance*: YES NO
--------------------------------------------------------------------------
12 Has a copy of this Checklist been forwarded to
Chase Global Fund Services (fax# 617-557-8610)
for MSDWIM-sponsored 40-Act Funds and to the
appropriate outside administrators for third-party
40-Act Funds? (Note: Compliance personnel at the
MSDWIM office executing these trades is responsible
for ensuring that the appropriate outside administrator
receives a copy of the Checklist. x
--------------------------------------------------------------------------
LEGEND
GIMS ACRONYM ACCOUNT NAME
------------ ------------
71281 MSDW EMERGING GROWTH
71928 MSDW VALUE EQUITY
81087 MSDW EQUITY GROWTH
391486 MSDW GROWTH
52297 VKAC EQUITY GRWOTH
89902549 MSDW AGGRESSIVE GROWTH
89902551 VKAC AGGRESSIVE RETAIL
ESTF0004 ENDEAVOR EQUITY
MTEC MSDW TECHNOLOGY
PRINAGGR PRINCOR EQUITY
PRINCON PRINCOR CONCENTRATED
PRINLCV PRINCOR LARGE CAP VALUE
PRINPART PRINCOR SMALL CAP GROWTH
UFEG UNIVERSAL EQUITY GROWTH
8716 CIGNA
INSTRUCTIONS: 40-ACT FUNDS
This Checklist must be completed in order to ensure compliance with the
40-Act requirements applicable to participations in affiliated
underwritings for 40-Act funds. Please complete this Checklist immediately
after participating in an affiliated underwriting on behalf of each 40-Act
Fund (Note: This Checklist can be found in Excel at
L:\checklist\funds.xls)and forward it to Lauren Teetsel (or Don Ryan in
her absence) in the New York Compliance Department for review,
record-keeping and reporting purposes. The Compliance Department in New
York must receive this Checklist from all MSDWIM offices that engage in
affiliated underwriting transactions for the 40-Act Funds they manage.
Note: A red herring prospectus must be included with the Checklist and a
final prospectus must be forwarded to the New York Compliance Department
for regulatory record retention purposes.
AFFILIATED UNDERWRITING CHECKLIST ("CHECKLIST") FOR 40-ACT FUNDS
--------------------------------------------------------------------------
Issuer: Webmethods Fund(s) List below in Question #10 below
Offering Date: 02/10/2000 No. of Securities Offered: 4,100,000
(# of shares or # of bonds)
Affiliated Broker: MSDW Price Per Unit: $35.00
--------------------------------------------------------------------------
--------------------------------------------------------------------------
1 The securities to be purchased are: Check One
[x]Registered under the Securities Act of 1933 [] Eligible Rule 144A securities
[ ]Municipal Securities [ ] Offered in an Eligible Foreign Offering *
* See Section V.4.d.4(a)(iii) for a description of a eligible foreign offering
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
2 Are the securities being offered pursuant to a firm
commitment underwriting? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
3 Will transaction be executed away from Morgan Stanley
and not allocated to Morgan Stanley if it is a
"pot trade"? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
4 Has the executing dealer represented that Morgan
Stanley will not receive compensation in connection
with the transaction? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
5 Will the securities be purchased at not more than
the public offering price and no later than the
close of the first full business day on which
any sales are made? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
6 Is the commission or spread to be received by
the underwriters reasonable and fair compared
to that received in comparable transactions? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
7 If a municipal issuer, (1) does the issue have an
investment grade rating from at least one Nationally
Recognized Statistical Rating Organization, or (2) if
the issuer has less than three (3) years of
continuous operations, does the issue have one of
the three highest ratings from one such rating
organization? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
8 If not a municipal issuer, has the issuer (including
predecessors) been in continuous operation for at
least three years? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
9 If the transaction is intended for a third-party
40-Act Fund, has it adopted affiliated underwriting
procedures (I.e. Rule 10f-3) that permit it to engage
in this transaction? Please check with your
Compliance Departement if unsure. x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
10 Is the total principal amount of securities purchased
by MSDWIM/MAS for all 40-Act Funds no more than 10%
of the total offering? (Do not include offshore funds
(I.e.,SICAVs) in this calculation.) x
--------------------
-----
SHOW CALCULATION HERE:
Total Units Offered: 4,100,000.00
Price per Unit: 35.00
10% of Total Offering: 14,350,000.00
40-Act Fund Units Offer Total
To Buy Price Value
71281 300 35.00 $10,500
71928 0 35.00 $0
81087 3,300 35.00 $115,500
255 0 35.00 $0
391486 3,100 35.00 $108,500
391548 300 35.00 $10,500
52297 200 35.00 $7,000
89902549 400 35.00 $14,000
89902551 1,000 35.00 $35,000
ESTF0004 700 35.00 $24,500
MTEC 300 35.00 $10,500
PRINAGGR 1,000 35.00 $35,000
PRINCON 0 35.00 $0
PRINLCV 0 35.00 $0
PRINPART 100 35.00 $3,500
PRINSCG 0 35.00 $0
UFEG 400 35.00 $14,000
UFTECH 0 35.00 $0
Total Principal Amount Purchased by all $388,500
40-Act Funds
Total % of the Offering Purchased by all 0.27%
40-Act Funds
-------------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------------
11 Has a copy of this completed checklist been forwarded
to Lauren Teetsel in the NY Compliance Department? x
--------------------------------------------------------------------------------
/Phillip W. Friedman/
Portfolio Manager's or designee's Signature
Compliance*: YES NO
-------------------------------------------------------------------------------
12 Has a copy of this Checklist been forwarded to
Chase Global Fund Services (fax# 617-557-8610)
for MSDWIM-sponsored 40-Act Funds and to the
appropriate outside administrators for third-party
40-Act Funds? (Note: Compliance personnel at the
MSDWIM office executing these trades is responsible
for ensuring that the appropriate outside administrator
receives a copy of the Checklist. x
--------------------------------------------------------------------------
LEGEND
GIMS ACRONYM ACCOUNT NAME
------------ ------------
71281 MSDW EMERGING GROWTH
71928 MSDW VALUE EQUITY
81087 MSDW EQUITY GROWTH
391486 MSDW GROWTH
52297 VKAC EQUITY GRWOTH
89902549 MSDW AGGRESSIVE GROWTH
89902551 VKAC AGGRESSIVE RETAIL
ESTF0004 ENDEAVOR EQUITY
MTEC MSDW TECHNOLOGY
PRINAGGR PRINCOR EQUITY
PRINCON PRINCOR CONCENTRATED
PRINLCV PRINCOR LARGE CAP VALUE
PRINPART PRINCOR SMALL CAP GROWTH
UFEG UNIVERSAL EQUITY GROWTH
8716 CIGNA
INSTRUCTIONS: 40-ACT FUNDS
This Checklist must be completed in order to ensure compliance with the
40-Act requirements applicable to participations in affiliated
underwritings for 40-Act funds. Please complete this Checklist immediately
after participating in an affiliated underwriting on behalf of each 40-Act
Fund (Note: This Checklist can be found in Excel at
L:\checklist\funds.xls)and forward it to Lauren Teetsel (or Don Ryan in
her absence) in the New York Compliance Department for review,
record-keeping and reporting purposes. The Compliance Department in New
York must receive this Checklist from all MSDWIM offices that engage in
affiliated underwriting transactions for the 40-Act Funds they manage.
Note: A red herring prospectus must be included with the Checklist and a
final prospectus must be forwarded to the New York Compliance Department
for regulatory record retention purposes.
AFFILIATED UNDERWRITING CHECKLIST ("CHECKLIST") FOR 40-ACT FUNDS
--------------------------------------------------------------------------
Issuer: Palm, Inc Fund(s) List below in Question #10 below
Offering Date: 03/01/2000 No. of Securities Offered: 23,000,000
(# of shares or # of bonds)
Affiliated Broker: MSDW Price Per Unit: $38.00
--------------------------------------------------------------------------
--------------------------------------------------------------------------
1 The securities to be purchased are: Check One
[x]Registered under the Securities Act of 1933 [] Eligible Rule 144A securities
[ ]Municipal Securities [ ] Offered in an Eligible Foreign Offering *
* See Section V.4.d.4(a)(iii) for a description of a eligible foreign offering
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
2 Are the securities being offered pursuant to a firm
commitment underwriting? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
3 Will transaction be executed away from Morgan Stanley
and not allocated to Morgan Stanley if it is a
"pot trade"? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
4 Has the executing dealer represented that Morgan
Stanley will not receive compensation in connection
with the transaction? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
5 Will the securities be purchased at not more than
the public offering price and no later than the
close of the first full business day on which
any sales are made? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
6 Is the commission or spread to be received by
the underwriters reasonable and fair compared
to that received in comparable transactions? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
7 If a municipal issuer, (1) does the issue have an
investment grade rating from at least one Nationally
Recognized Statistical Rating Organization, or (2) if
the issuer has less than three (3) years of
continuous operations, does the issue have one of
the three highest ratings from one such rating
organization? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
8 If not a municipal issuer, has the issuer (including
predecessors) been in continuous operation for at
least three years? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
9 If the transaction is intended for a third-party
40-Act Fund, has it adopted affiliated underwriting
procedures (I.e. Rule 10f-3) that permit it to engage
in this transaction? Please check with your
Compliance Departement if unsure. x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
10 Is the total principal amount of securities purchased
by MSDWIM/MAS for all 40-Act Funds no more than 10%
of the total offering? (Do not include offshore funds
(I.e.,SICAVs) in this calculation.) x
--------------------
-----
SHOW CALCULATION HERE:
Total Units Offered: 23,000,000.00
Price per Unit: 38.00
10% of Total Offering: 87,400,000.00
40-Act Fund Units Offer Total
To Buy Price Value
71281 2,500 38.00 $95,000
71928 600 38.00 $22,800
81087 18,700 38.00 $710,600
255 100 38.00 $3,800
391486 17,900 38.00 $680,200
391548 1,600 38.00 $60,800
52297 1,200 38.00 $45,600
8716 100 38.00 $3,800
89902549 2,300 38.00 $87,400
89902551 6,300 38.00 $239,400
ESTF0004 4,300 38.00 $163,400
MTEC 2,000 38.00 $76,000
PRINAGGR 5,700 38.00 $216,600
PRINCON 300 38.00 $11,400
PRINLCV 100 38.00 $3,800
PRINPART 600 38.00 $22,800
PRINSCG 200 38.00 $7,600
UFEG 2,200 38.00 $83,600
UFTECH 400 38.00 $15,200
Total Principal Amount Purchased by all $2,549,800
40-Act Funds
Total % of the Offering Purchased by all 0.29%
40-Act Funds
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------------
11 Has a copy of this completed checklist been forwarded
to Lauren Teetsel in the NY Compliance Department? x
--------------------------------------------------------------------------------
/Phillip W. Friedman/
Portfolio Manager's or designee's Signature
Compliance*: YES NO
-------------------------------------------------------------------------------
12 Has a copy of this Checklist been forwarded to
Chase Global Fund Services (fax# 617-557-8610)
for MSDWIM-sponsored 40-Act Funds and to the
appropriate outside administrators for third-party
40-Act Funds? (Note: Compliance personnel at the
MSDWIM office executing these trades is responsible
for ensuring that the appropriate outside administrator
receives a copy of the Checklist. x
--------------------------------------------------------------------------
LEGEND
GIMS ACRONYM ACCOUNT NAME
------------ ------------
71281 MSDW EMERGING GROWTH
71928 MSDW VALUE EQUITY
81087 MSDW EQUITY GROWTH
391486 MSDW GROWTH
52297 VKAC EQUITY GRWOTH
89902549 MSDW AGGRESSIVE GROWTH
89902551 VKAC AGGRESSIVE RETAIL
ESTF0004 ENDEAVOR EQUITY
MTEC MSDW TECHNOLOGY
PRINAGGR PRINCOR EQUITY
PRINCON PRINCOR CONCENTRATED
PRINLCV PRINCOR LARGE CAP VALUE
PRINPART PRINCOR SMALL CAP GROWTH
UFEG UNIVERSAL EQUITY GROWTH
8716 CIGNA
INSTRUCTIONS: 40-ACT FUNDS
This Checklist must be completed in order to ensure compliance with the
40-Act requirements applicable to participations in affiliated
underwritings for 40-Act funds. Please complete this Checklist immediately
after participating in an affiliated underwriting on behalf of each 40-Act
Fund (Note: This Checklist can be found in Excel at
L:\checklist\funds.xls)and forward it to Lauren Teetsel (or Don Ryan in
her absence) in the New York Compliance Department for review,
record-keeping and reporting purposes. The Compliance Department in New
York must receive this Checklist from all MSDWIM offices that engage in
affiliated underwriting transactions for the 40-Act Funds they manage.
Note: A red herring prospectus must be included with the Checklist and a
final prospectus must be forwarded to the New York Compliance Department
for regulatory record retention purposes.
AFFILIATED UNDERWRITING CHECKLIST ("CHECKLIST") FOR 40-ACT FUNDS
--------------------------------------------------------------------------
Issuer: AsiaInfo Fund(s) List below in Question #10 below
Offering Date: 03/02/2000 No. of Securities Offered: 5,000,000
(# of shares or # of bonds)
Affiliated Broker: MSDW Price Per Unit: $24.00
--------------------------------------------------------------------------
--------------------------------------------------------------------------
1 The securities to be purchased are: Check One
[x]Registered under the Securities Act of 1933 [] Eligible Rule 144A securities
[ ]Municipal Securities [ ] Offered in an Eligible Foreign Offering *
* See Section V.4.d.4(a)(iii) for a description of a eligible foreign offering
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
2 Are the securities being offered pursuant to a firm
commitment underwriting? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
3 Will transaction be executed away from Morgan Stanley
and not allocated to Morgan Stanley if it is a
"pot trade"? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
4 Has the executing dealer represented that Morgan
Stanley will not receive compensation in connection
with the transaction? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
5 Will the securities be purchased at not more than
the public offering price and no later than the
close of the first full business day on which
any sales are made? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
6 Is the commission or spread to be received by
the underwriters reasonable and fair compared
to that received in comparable transactions? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
7 If a municipal issuer, (1) does the issue have an
investment grade rating from at least one Nationally
Recognized Statistical Rating Organization, or (2) if
the issuer has less than three (3) years of
continuous operations, does the issue have one of
the three highest ratings from one such rating
organization? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
8 If not a municipal issuer, has the issuer (including
predecessors) been in continuous operation for at
least three years? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
9 If the transaction is intended for a third-party
40-Act Fund, has it adopted affiliated underwriting
procedures (I.e. Rule 10f-3) that permit it to engage
in this transaction? Please check with your
Compliance Departement if unsure. x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
10 Is the total principal amount of securities purchased
by MSDWIM/MAS for all 40-Act Funds no more than 10%
of the total offering? (Do not include offshore funds
(I.e.,SICAVs) in this calculation.) x
--------------------
-----
SHOW CALCULATION HERE:
Total Units Offered: 5,000,000.00
Price per Unit: 24.00
10% of Total Offering: 12,000,000.00
40-Act Fund Units Offer Total
To Buy Price Value
71281 1,400 24.00 $33,600
71928 0 24.00 $0
81087 0 24.00 $0
255 0 24.00 $0
391486 0 24.00 $0
391548 0 24.00 $0
52297 0 24.00 $0
8716 0 24.00 $0
89902549 0 24.00 $0
89902551 0 24.00 $0
ESTF0004 0 24.00 $0
MTEC 1,000 24.00 $24,000
PRINAGGR 0 24.00 $0
PRINCON 0 24.00 $0
PRINLCV 0 24.00 $0
PRINPART 0 24.00 $0
PRINSCG 100 24.00 $2,400
UFEG 0 24.00 $0
UFTECH 200 24.00 $4,800
Total Principal Amount Purchased by all $64,800
40-Act Funds
Total % of the Offering Purchased by all 0.05%
40-Act Funds
-------------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------------
11 Has a copy of this completed checklist been forwarded
to Lauren Teetsel in the NY Compliance Department? x
--------------------------------------------------------------------------------
/Dennis P. Lynch/
Portfolio Manager's or designee's Signature
Compliance*: YES NO
-------------------------------------------------------------------------------
12 Has a copy of this Checklist been forwarded to
Chase Global Fund Services (fax# 617-557-8610)
for MSDWIM-sponsored 40-Act Funds and to the
appropriate outside administrators for third-party
40-Act Funds? (Note: Compliance personnel at the
MSDWIM office executing these trades is responsible
for ensuring that the appropriate outside administrator
receives a copy of the Checklist. x
--------------------------------------------------------------------------
LEGEND
GIMS ACRONYM ACCOUNT NAME
------------ ------------
71281 MSDW EMERGING GROWTH
71928 MSDW VALUE EQUITY
81087 MSDW EQUITY GROWTH
391486 MSDW GROWTH
52297 VKAC EQUITY GRWOTH
89902549 MSDW AGGRESSIVE GROWTH
89902551 VKAC AGGRESSIVE RETAIL
ESTF0004 ENDEAVOR EQUITY
MTEC MSDW TECHNOLOGY
PRINAGGR PRINCOR EQUITY
PRINCON PRINCOR CONCENTRATED
PRINLCV PRINCOR LARGE CAP VALUE
PRINPART PRINCOR SMALL CAP GROWTH
UFEG UNIVERSAL EQUITY GROWTH
8716 CIGNA
INSTRUCTIONS: 40-ACT FUNDS
This Checklist must be completed in order to ensure compliance with the
40-Act requirements applicable to participations in affiliated
underwritings for 40-Act funds. Please complete this Checklist immediately
after participating in an affiliated underwriting on behalf of each 40-Act
Fund (Note: This Checklist can be found in Excel at
L:\checklist\funds.xls)and forward it to Lauren Teetsel (or Don Ryan in
her absence) in the New York Compliance Department for review,
record-keeping and reporting purposes. The Compliance Department in New
York must receive this Checklist from all MSDWIM offices that engage in
affiliated underwriting transactions for the 40-Act Funds they manage.
Note: A red herring prospectus must be included with the Checklist and a
final prospectus must be forwarded to the New York Compliance Department
for regulatory record retention purposes.
AFFILIATED UNDERWRITING CHECKLIST ("CHECKLIST") FOR 40-ACT FUNDS
--------------------------------------------------------------------------
Issuer: Radio One Fund(s) List below in Question #10 below
Offering Date: 03/03/2000 No. of Securities Offered: 5,000,000
(# of shares or # of bonds)
Affiliated Broker: MSDW Price Per Unit: $70.00
--------------------------------------------------------------------------
--------------------------------------------------------------------------
1 The securities to be purchased are: Check One
[x]Registered under the Securities Act of 1933 [] Eligible Rule 144A securities
[ ]Municipal Securities [ ] Offered in an Eligible Foreign Offering *
* See Section V.4.d.4(a)(iii) for a description of a eligible foreign offering
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
2 Are the securities being offered pursuant to a firm
commitment underwriting? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
3 Will transaction be executed away from Morgan Stanley
and not allocated to Morgan Stanley if it is a
"pot trade"? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
4 Has the executing dealer represented that Morgan
Stanley will not receive compensation in connection
with the transaction? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
5 Will the securities be purchased at not more than
the public offering price and no later than the
close of the first full business day on which
any sales are made? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
6 Is the commission or spread to be received by
the underwriters reasonable and fair compared
to that received in comparable transactions? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
7 If a municipal issuer, (1) does the issue have an
investment grade rating from at least one Nationally
Recognized Statistical Rating Organization, or (2) if
the issuer has less than three (3) years of
continuous operations, does the issue have one of
the three highest ratings from one such rating
organization? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
8 If not a municipal issuer, has the issuer (including
predecessors) been in continuous operation for at
least three years? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
9 If the transaction is intended for a third-party
40-Act Fund, has it adopted affiliated underwriting
procedures (I.e. Rule 10f-3) that permit it to engage
in this transaction? Please check with your
Compliance Departement if unsure. x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
10 Is the total principal amount of securities purchased
by MSDWIM/MAS for all 40-Act Funds no more than 10%
of the total offering? (Do not include offshore funds
(I.e.,SICAVs) in this calculation.) x
--------------------
SHOW CALCULATION HERE:
Total Units Offered: 5,000,000.00
Price per Unit: 70.00
10% of Total Offering: 35,000,000.00
40-Act Fund Units Offer Total
To Buy Price Value
71281 12,600 70.00 $882,000
71928 0 70.00 $0
81087 0 70.00 $0
255 0 70.00 $0
391486 0 70.00 $0
391548 0 70.00 $0
52297 0 70.00 $0
8716 0 70.00 $0
89902549 0 70.00 $0
89902551 0 70.00 $0
ESTF0004 0 70.00 $0
MTEC 0 70.00 $0
PRINAGGR 0 70.00 $0
PRINCON 0 70.00 $0
PRINLCV 0 70.00 $0
PRINPART 0 70.00 $0
PRINSCG 800 70.00 $56,000
UFEG 0 70.00 $0
UFTECH 0 70.00 $0
Total Principal Amount Purchased by all $938,000
40-Act Funds
Total % of the Offering Purchased by all 0.27%
40-Act Funds
-------------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------------
11 Has a copy of this completed checklist been forwarded
to Lauren Teetsel in the NY Compliance Department? x
--------------------------------------------------------------------------------
/Dennis P. Lynch/
Portfolio Manager's or designee's Signature
Compliance*: YES NO
-------------------------------------------------------------------------------
12 Has a copy of this Checklist been forwarded to
Chase Global Fund Services (fax# 617-557-8610)
for MSDWIM-sponsored 40-Act Funds and to the
appropriate outside administrators for third-party
40-Act Funds? (Note: Compliance personnel at the
MSDWIM office executing these trades is responsible
for ensuring that the appropriate outside administrator
receives a copy of the Checklist. x
--------------------------------------------------------------------------
LEGEND
GIMS ACRONYM ACCOUNT NAME
------------ ------------
71281 MSDW EMERGING GROWTH
71928 MSDW VALUE EQUITY
81087 MSDW EQUITY GROWTH
391486 MSDW GROWTH
52297 VKAC EQUITY GRWOTH
89902549 MSDW AGGRESSIVE GROWTH
89902551 VKAC AGGRESSIVE RETAIL
ESTF0004 ENDEAVOR EQUITY
MTEC MSDW TECHNOLOGY
PRINAGGR PRINCOR EQUITY
PRINCON PRINCOR CONCENTRATED
PRINLCV PRINCOR LARGE CAP VALUE
PRINPART PRINCOR SMALL CAP GROWTH
UFEG UNIVERSAL EQUITY GROWTH
8716 CIGNA
INSTRUCTIONS: 40-ACT FUNDS
This Checklist must be completed in order to ensure compliance with the
40-Act requirements applicable to participations in affiliated
underwritings for 40-Act funds. Please complete this Checklist immediately
after participating in an affiliated underwriting on behalf of each 40-Act
Fund (Note: This Checklist can be found in Excel at
L:\checklist\funds.xls)and forward it to Lauren Teetsel (or Don Ryan in
her absence) in the New York Compliance Department for review,
record-keeping and reporting purposes. The Compliance Department in New
York must receive this Checklist from all MSDWIM offices that engage in
affiliated underwriting transactions for the 40-Act Funds they manage.
Note: A red herring prospectus must be included with the Checklist and a
final prospectus must be forwarded to the New York Compliance Department
for regulatory record retention purposes.
AFFILIATED UNDERWRITING CHECKLIST ("CHECKLIST") FOR 40-ACT FUNDS
--------------------------------------------------------------------------
Issuer: Crayfish LTD Fund(s) List below in Question #10 below
Offering Date: 03/06/2000 No. of Securities Offered: 4,350,000
(# of shares or # of bonds)
Affiliated Broker: MSDW Price Per Unit: $24.50
--------------------------------------------------------------------------
--------------------------------------------------------------------------
1 The securities to be purchased are: Check One
[x]Registered under the Securities Act of 1933 [] Eligible Rule 144A securities
[ ]Municipal Securities [ ] Offered in an Eligible Foreign Offering *
* See Section V.4.d.4(a)(iii) for a description of a eligible foreign offering
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
2 Are the securities being offered pursuant to a firm
commitment underwriting? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
3 Will transaction be executed away from Morgan Stanley
and not allocated to Morgan Stanley if it is a
"pot trade"? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
4 Has the executing dealer represented that Morgan
Stanley will not receive compensation in connection
with the transaction? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
5 Will the securities be purchased at not more than
the public offering price and no later than the
close of the first full business day on which
any sales are made? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
6 Is the commission or spread to be received by
the underwriters reasonable and fair compared
to that received in comparable transactions? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
7 If a municipal issuer, (1) does the issue have an
investment grade rating from at least one Nationally
Recognized Statistical Rating Organization, or (2) if
the issuer has less than three (3) years of
continuous operations, does the issue have one of
the three highest ratings from one such rating
organization? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
8 If not a municipal issuer, has the issuer (including
predecessors) been in continuous operation for at
least three years? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
9 If the transaction is intended for a third-party
40-Act Fund, has it adopted affiliated underwriting
procedures (I.e. Rule 10f-3) that permit it to engage
in this transaction? Please check with your
Compliance Departement if unsure. x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
10 Is the total principal amount of securities purchased
by MSDWIM/MAS for all 40-Act Funds no more than 10%
of the total offering? (Do not include offshore funds
(I.e.,SICAVs) in this calculation.) x
--------------------
-----
SHOW CALCULATION HERE:
Total Units Offered: 4,350,000.00
Price per Unit: 24.50
10% of Total Offering: 10,657,500.00
40-Act Fund Units Offer Total
To Buy Price Value
71281 3,000 24.50 $73,500
71928 0 24.50 $0
81087 0 24.50 $0
255 0 24.50 $0
391486 0 24.50 $0
391548 0 24.50 $0
52297 0 24.50 $0
8716 0 24.50 $0
89902549 0 24.50 $0
89902551 0 24.50 $0
ESTF0004 0 24.50 $0
MTEC 2,300 24.50 $56,350
PRINAGGR 0 24.50 $0
PRINCON 0 24.50 $0
PRINLCV 0 24.50 $0
PRINPART 0 24.50 $0
PRINSCG 200 24.50 $4,900
UFEG 0 24.50 $0
UFTECH 500 24.50 $12,250
Total Principal Amount Purchased by all $147,000
40-Act Funds
Total % of the Offering Purchased by all 0.14%
40-Act Funds
--------------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------------
11 Has a copy of this completed checklist been forwarded
to Lauren Teetsel in the NY Compliance Department? x
--------------------------------------------------------------------------------
/Dennis P. Lynch/
Portfolio Manager's or designee's Signature
Compliance*: YES NO
-------------------------------------------------------------------------------
12 Has a copy of this Checklist been forwarded to
Chase Global Fund Services (fax# 617-557-8610)
for MSDWIM-sponsored 40-Act Funds and to the
appropriate outside administrators for third-party
40-Act Funds? (Note: Compliance personnel at the
MSDWIM office executing these trades is responsible
for ensuring that the appropriate outside administrator
receives a copy of the Checklist. x
--------------------------------------------------------------------------
LEGEND
GIMS ACRONYM ACCOUNT NAME
------------ ------------
71281 MSDW EMERGING GROWTH
71928 MSDW VALUE EQUITY
81087 MSDW EQUITY GROWTH
391486 MSDW GROWTH
52297 VKAC EQUITY GRWOTH
89902549 MSDW AGGRESSIVE GROWTH
89902551 VKAC AGGRESSIVE RETAIL
ESTF0004 ENDEAVOR EQUITY
MTEC MSDW TECHNOLOGY
PRINAGGR PRINCOR EQUITY
PRINCON PRINCOR CONCENTRATED
PRINLCV PRINCOR LARGE CAP VALUE
PRINPART PRINCOR SMALL CAP GROWTH
UFEG UNIVERSAL EQUITY GROWTH
8716 CIGNA
INSTRUCTIONS: 40-ACT FUNDS
This Checklist must be completed in order to ensure compliance with the
40-Act requirements applicable to participations in affiliated
underwritings for 40-Act funds. Please complete this Checklist immediately
after participating in an affiliated underwriting on behalf of each 40-Act
Fund (Note: This Checklist can be found in Excel at
L:\checklist\funds.xls)and forward it to Lauren Teetsel (or Don Ryan in
her absence) in the New York Compliance Department for review,
record-keeping and reporting purposes. The Compliance Department in New
York must receive this Checklist from all MSDWIM offices that engage in
affiliated underwriting transactions for the 40-Act Funds they manage.
Note: A red herring prospectus must be included with the Checklist and a
final prospectus must be forwarded to the New York Compliance Department
for regulatory record retention purposes.
AFFILIATED UNDERWRITING CHECKLIST ("CHECKLIST") FOR 40-ACT FUNDS
--------------------------------------------------------------------------
Issuer:First World Communications Fund(s) List below in Question #10 below
Offering Date: 03/07/2000 No. of Securities Offered: 10,000,000
(# of shares or # of bonds)
Affiliated Broker: MSDW Price Per Unit: $17.00
--------------------------------------------------------------------------
--------------------------------------------------------------------------
1 The securities to be purchased are: Check One
[x]Registered under the Securities Act of 1933 [] Eligible Rule 144A securities
[ ]Municipal Securities [ ] Offered in an Eligible Foreign Offering *
* See Section V.4.d.4(a)(iii) for a description of a eligible foreign offering
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
2 Are the securities being offered pursuant to a firm
commitment underwriting? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
3 Will transaction be executed away from Morgan Stanley
and not allocated to Morgan Stanley if it is a
"pot trade"? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
4 Has the executing dealer represented that Morgan
Stanley will not receive compensation in connection
with the transaction? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
5 Will the securities be purchased at not more than
the public offering price and no later than the
close of the first full business day on which
any sales are made? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
6 Is the commission or spread to be received by
the underwriters reasonable and fair compared
to that received in comparable transactions? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
7 If a municipal issuer, (1) does the issue have an
investment grade rating from at least one Nationally
Recognized Statistical Rating Organization, or (2) if
the issuer has less than three (3) years of
continuous operations, does the issue have one of
the three highest ratings from one such rating
organization? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
8 If not a municipal issuer, has the issuer (including
predecessors) been in continuous operation for at
least three years? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
9 If the transaction is intended for a third-party
40-Act Fund, has it adopted affiliated underwriting
procedures (I.e. Rule 10f-3) that permit it to engage
in this transaction? Please check with your
Compliance Departement if unsure. x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
10 Is the total principal amount of securities purchased
by MSDWIM/MAS for all 40-Act Funds no more than 10%
of the total offering? (Do not include offshore funds
(I.e.,SICAVs) in this calculation.) x
--------------------
-----
SHOW CALCULATION HERE:
Total Units Offered: 10,000,000.00
Price per Unit: 17.00
10% of Total Offering: 17,000,000.00
40-Act Fund Units Offer Total
To Buy Price Value
71281 2,800 17.00 $47,600
71928 0 17.00 $0
81087 19,300 17.00 $328,100
255 100 17.00 $1,700
391486 18,600 17.00 $316,200
391548 1,600 17.00 $27,200
52297 1,300 17.00 $22,100
8716 200 17.00 $3,400
89902549 2,400 17.00 $40,800
89902551 6,600 17.00 $112,200
ESTF0004 4,500 17.00 $76,500
MTEC 2,200 17.00 $37,400
PRINAGGR 5,900 17.00 $100,300
PRINCON 300 17.00 $5,100
PRINLCV 0 17.00 $0
PRINPART 700 17.00 $11,900
PRINSCG 200 17.00 $3,400
UFEG 2,300 17.00 $39,100
UFTECH 500 17.00 $8,500
Total Principal Amount Purchased by all $1,181,500
40-Act Funds
Total % of the Offering Purchased by all 0.70%
40-Act Funds
-------------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------------
11 Has a copy of this completed checklist been forwarded
to Lauren Teetsel in the NY Compliance Department? x
--------------------------------------------------------------------------------
/Phillip W. Friedman/
Portfolio Manager's or designee's Signature
Compliance*: YES NO
-------------------------------------------------------------------------------
12 Has a copy of this Checklist been forwarded to
Chase Global Fund Services (fax# 617-557-8610)
for MSDWIM-sponsored 40-Act Funds and to the
appropriate outside administrators for third-party
40-Act Funds? (Note: Compliance personnel at the
MSDWIM office executing these trades is responsible
for ensuring that the appropriate outside administrator
receives a copy of the Checklist. x
--------------------------------------------------------------------------
LEGEND
GIMS ACRONYM ACCOUNT NAME
------------ ------------
71281 MSDW EMERGING GROWTH
71928 MSDW VALUE EQUITY
81087 MSDW EQUITY GROWTH
391486 MSDW GROWTH
52297 VKAC EQUITY GRWOTH
89902549 MSDW AGGRESSIVE GROWTH
89902551 VKAC AGGRESSIVE RETAIL
ESTF0004 ENDEAVOR EQUITY
MTEC MSDW TECHNOLOGY
PRINAGGR PRINCOR EQUITY
PRINCON PRINCOR CONCENTRATED
PRINLCV PRINCOR LARGE CAP VALUE
PRINPART PRINCOR SMALL CAP GROWTH
UFEG UNIVERSAL EQUITY GROWTH
8716 CIGNA
INSTRUCTIONS: 40-ACT FUNDS
This Checklist must be completed in order to ensure compliance with the
40-Act requirements applicable to participations in affiliated
underwritings for 40-Act funds. Please complete this Checklist immediately
after participating in an affiliated underwriting on behalf of each 40-Act
Fund (Note: This Checklist can be found in Excel at
L:\checklist\funds.xls)and forward it to Lauren Teetsel (or Don Ryan in
her absence) in the New York Compliance Department for review,
record-keeping and reporting purposes. The Compliance Department in New
York must receive this Checklist from all MSDWIM offices that engage in
affiliated underwriting transactions for the 40-Act Funds they manage.
Note: A red herring prospectus must be included with the Checklist and a
final prospectus must be forwarded to the New York Compliance Department
for regulatory record retention purposes.
AFFILIATED UNDERWRITING CHECKLIST ("CHECKLIST") FOR 40-ACT FUNDS
--------------------------------------------------------------------------
Issuer:GT Group Telecom Fund(s) List below in Question #10 below
Offering Date: 03/09/2000 No. of Securities Offered: 18,000,000
(# of shares or # of bonds)
Affiliated Broker: MSDW Price Per Unit: $14.00
--------------------------------------------------------------------------
--------------------------------------------------------------------------
1 The securities to be purchased are: Check One
[x]Registered under the Securities Act of 1933 [] Eligible Rule 144A securities
[ ]Municipal Securities [ ] Offered in an Eligible Foreign Offering *
* See Section V.4.d.4(a)(iii) for a description of a eligible foreign offering
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
2 Are the securities being offered pursuant to a firm
commitment underwriting? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
3 Will transaction be executed away from Morgan Stanley
and not allocated to Morgan Stanley if it is a
"pot trade"? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
4 Has the executing dealer represented that Morgan
Stanley will not receive compensation in connection
with the transaction? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
5 Will the securities be purchased at not more than
the public offering price and no later than the
close of the first full business day on which
any sales are made? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
6 Is the commission or spread to be received by
the underwriters reasonable and fair compared
to that received in comparable transactions? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
7 If a municipal issuer, (1) does the issue have an
investment grade rating from at least one Nationally
Recognized Statistical Rating Organization, or (2) if
the issuer has less than three (3) years of
continuous operations, does the issue have one of
the three highest ratings from one such rating
organization? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
8 If not a municipal issuer, has the issuer (including
predecessors) been in continuous operation for at
least three years? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
9 If the transaction is intended for a third-party
40-Act Fund, has it adopted affiliated underwriting
procedures (I.e. Rule 10f-3) that permit it to engage
in this transaction? Please check with your
Compliance Departement if unsure. x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
10 Is the total principal amount of securities purchased
by MSDWIM/MAS for all 40-Act Funds no more than 10%
of the total offering? (Do not include offshore funds
(I.e.,SICAVs) in this calculation.) x
--------------------
-----
SHOW CALCULATION HERE:
Total Units Offered: 18,000,000.00
Price per Unit: 14.00
10% of Total Offering: 25,200,000.00
40-Act Fund Units Offer Total
To Buy Price Value
71281 5,900 14.00 $82,600
71928 0 14.00 $0
81087 40,200 14.00 $562,800
255 200 14.00 $2,800
391486 38,500 14.00 $539,000
391548 3,400 14.00 $47,600
52297 2,600 14.00 $36,400
8716 300 14.00 $4,200
89902549 5,000 14.00 $70,000
89902551 13,700 14.00 $191,800
ESTF0004 9,300 14.00 $130,200
MTEC 4,600 14.00 $64,400
PRINAGGR 12,300 14.00 $172,200
PRINCON 600 14.00 $8,400
PRINLCV 0 14.00 $0
PRINPART 1,500 14.00 $21,000
PRINSCG 400 14.00 $5,600
UFEG 4,800 14.00 $67,200
UFTECH 1,100 14.00 $15,400
Total Principal Amount Purchased by all $2,021,600
40-Act Funds
Total % of the Offering Purchased by all 0.80%
40-Act Funds
-------------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------------
11 Has a copy of this completed checklist been forwarded
to Lauren Teetsel in the NY Compliance Department? x
--------------------------------------------------------------------------------
/Phillip W. Friedman/
Portfolio Manager's or designee's Signature
Compliance*: YES NO
-------------------------------------------------------------------------------
12 Has a copy of this Checklist been forwarded to
Chase Global Fund Services (fax# 617-557-8610)
for MSDWIM-sponsored 40-Act Funds and to the
appropriate outside administrators for third-party
40-Act Funds? (Note: Compliance personnel at the
MSDWIM office executing these trades is responsible
for ensuring that the appropriate outside administrator
receives a copy of the Checklist. x
--------------------------------------------------------------------------
LEGEND
GIMS ACRONYM ACCOUNT NAME
------------ ------------
71281 MSDW EMERGING GROWTH
71928 MSDW VALUE EQUITY
81087 MSDW EQUITY GROWTH
391486 MSDW GROWTH
52297 VKAC EQUITY GRWOTH
89902549 MSDW AGGRESSIVE GROWTH
89902551 VKAC AGGRESSIVE RETAIL
ESTF0004 ENDEAVOR EQUITY
MTEC MSDW TECHNOLOGY
PRINAGGR PRINCOR EQUITY
PRINCON PRINCOR CONCENTRATED
PRINLCV PRINCOR LARGE CAP VALUE
PRINPART PRINCOR SMALL CAP GROWTH
UFEG UNIVERSAL EQUITY GROWTH
8716 CIGNA
INSTRUCTIONS: 40-ACT FUNDS
This Checklist must be completed in order to ensure compliance with the
40-Act requirements applicable to participations in affiliated
underwritings for 40-Act funds. Please complete this Checklist immediately
after participating in an affiliated underwriting on behalf of each 40-Act
Fund (Note: This Checklist can be found in Excel at
L:\checklist\funds.xls)and forward it to Lauren Teetsel (or Don Ryan in
her absence) in the New York Compliance Department for review,
record-keeping and reporting purposes. The Compliance Department in New
York must receive this Checklist from all MSDWIM offices that engage in
affiliated underwriting transactions for the 40-Act Funds they manage.
Note: A red herring prospectus must be included with the Checklist and a
final prospectus must be forwarded to the New York Compliance Department
for regulatory record retention purposes.
AFFILIATED UNDERWRITING CHECKLIST ("CHECKLIST") FOR 40-ACT FUNDS
--------------------------------------------------------------------------
Issuer:Digital Fund(s) List below in Question #10 below
Offering Date: 03/13/2000 No. of Securities Offered: 9,300,000
(# of shares or # of bonds)
Affiliated Broker: MSDW Price Per Unit: $24.00
--------------------------------------------------------------------------
--------------------------------------------------------------------------
1 The securities to be purchased are: Check One
[x]Registered under the Securities Act of 1933 [] Eligible Rule 144A securities
[ ]Municipal Securities [ ] Offered in an Eligible Foreign Offering *
* See Section V.4.d.4(a)(iii) for a description of a eligible foreign offering
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
2 Are the securities being offered pursuant to a firm
commitment underwriting? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
3 Will transaction be executed away from Morgan Stanley
and not allocated to Morgan Stanley if it is a
"pot trade"? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
4 Has the executing dealer represented that Morgan
Stanley will not receive compensation in connection
with the transaction? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
5 Will the securities be purchased at not more than
the public offering price and no later than the
close of the first full business day on which
any sales are made? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
6 Is the commission or spread to be received by
the underwriters reasonable and fair compared
to that received in comparable transactions? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
7 If a municipal issuer, (1) does the issue have an
investment grade rating from at least one Nationally
Recognized Statistical Rating Organization, or (2) if
the issuer has less than three (3) years of
continuous operations, does the issue have one of
the three highest ratings from one such rating
organization? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
8 If not a municipal issuer, has the issuer (including
predecessors) been in continuous operation for at
least three years? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
9 If the transaction is intended for a third-party
40-Act Fund, has it adopted affiliated underwriting
procedures (I.e. Rule 10f-3) that permit it to engage
in this transaction? Please check with your
Compliance Departement if unsure. x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
10 Is the total principal amount of securities purchased
by MSDWIM/MAS for all 40-Act Funds no more than 10%
of the total offering? (Do not include offshore funds
(I.e.,SICAVs) in this calculation.) x
--------------------
-----
SHOW CALCULATION HERE:
Total Units Offered: 9,300,000.00
Price per Unit: 24.00
10% of Total Offering: 22,320,000.00
40-Act Fund Units Offer Total
To Buy Price Value
71281 400 24.00 $9,600
71928 0 24.00 $0
81087 2,800 24.00 $67,200
255 0 24.00 $0
391486 2,700 24.00 $64,800
391548 200 24.00 $4,800
52297 200 24.00 $4,800
8716 0 24.00 $0
89902549 300 24.00 $7,200
89902551 900 24.00 $21,600
ESTF0004 600 24.00 $14,400
MTEC 300 24.00 $7,200
PRINAGGR 800 24.00 $19,200
PRINCON 0 24.00 $0
PRINLCV 0 24.00 $0
PRINPART 100 24.00 $2,400
PRINSCG 0 24.00 $0
UFEG 300 24.00 $7,200
UFTECH 100 24.00 $2,400
Total Principal Amount Purchased by all $232,800
40-Act Funds
Total % of the Offering Purchased by all 0.10%
40-Act Funds
-------------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------------
11 Has a copy of this completed checklist been forwarded
to Lauren Teetsel in the NY Compliance Department? x
--------------------------------------------------------------------------------
/Phillip W. Friedman/
Portfolio Manager's or designee's Signature
Compliance*: YES NO
-------------------------------------------------------------------------------
12 Has a copy of this Checklist been forwarded to
Chase Global Fund Services (fax# 617-557-8610)
for MSDWIM-sponsored 40-Act Funds and to the
appropriate outside administrators for third-party
40-Act Funds? (Note: Compliance personnel at the
MSDWIM office executing these trades is responsible
for ensuring that the appropriate outside administrator
receives a copy of the Checklist. x
--------------------------------------------------------------------------
LEGEND
GIMS ACRONYM ACCOUNT NAME
------------ ------------
71281 MSDW EMERGING GROWTH
71928 MSDW VALUE EQUITY
81087 MSDW EQUITY GROWTH
391486 MSDW GROWTH
52297 VKAC EQUITY GRWOTH
89902549 MSDW AGGRESSIVE GROWTH
89902551 VKAC AGGRESSIVE RETAIL
ESTF0004 ENDEAVOR EQUITY
MTEC MSDW TECHNOLOGY
PRINAGGR PRINCOR EQUITY
PRINCON PRINCOR CONCENTRATED
PRINLCV PRINCOR LARGE CAP VALUE
PRINPART PRINCOR SMALL CAP GROWTH
UFEG UNIVERSAL EQUITY GROWTH
8716 CIGNA
INSTRUCTIONS: 40-ACT FUNDS
This Checklist must be completed in order to ensure compliance with the
40-Act requirements applicable to participations in affiliated
underwritings for 40-Act funds. Please complete this Checklist immediately
after participating in an affiliated underwriting on behalf of each 40-Act
Fund (Note: This Checklist can be found in Excel at
L:\checklist\funds.xls)and forward it to Lauren Teetsel (or Don Ryan in
her absence) in the New York Compliance Department for review,
record-keeping and reporting purposes. The Compliance Department in New
York must receive this Checklist from all MSDWIM offices that engage in
affiliated underwriting transactions for the 40-Act Funds they manage.
Note: A red herring prospectus must be included with the Checklist and a
final prospectus must be forwarded to the New York Compliance Department
for regulatory record retention purposes.
AFFILIATED UNDERWRITING CHECKLIST ("CHECKLIST") FOR 40-ACT FUNDS
--------------------------------------------------------------------------
Issuer:Aclara Biosciences Fund(s) List below in Question #10 below
Offering Date: 03/21/2000 No. of Securities Offered: 9,000,000
(# of shares or # of bonds)
Affiliated Broker: MSDW Price Per Unit: $21.00
--------------------------------------------------------------------------
--------------------------------------------------------------------------
1 The securities to be purchased are: Check One
[x]Registered under the Securities Act of 1933 [] Eligible Rule 144A securities
[ ]Municipal Securities [ ] Offered in an Eligible Foreign Offering *
* See Section V.4.d.4(a)(iii) for a description of a eligible foreign offering
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
2 Are the securities being offered pursuant to a firm
commitment underwriting? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
3 Will transaction be executed away from Morgan Stanley
and not allocated to Morgan Stanley if it is a
"pot trade"? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
4 Has the executing dealer represented that Morgan
Stanley will not receive compensation in connection
with the transaction? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
5 Will the securities be purchased at not more than
the public offering price and no later than the
close of the first full business day on which
any sales are made? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
6 Is the commission or spread to be received by
the underwriters reasonable and fair compared
to that received in comparable transactions? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
7 If a municipal issuer, (1) does the issue have an
investment grade rating from at least one Nationally
Recognized Statistical Rating Organization, or (2) if
the issuer has less than three (3) years of
continuous operations, does the issue have one of
the three highest ratings from one such rating
organization? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
8 If not a municipal issuer, has the issuer (including
predecessors) been in continuous operation for at
least three years? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
9 If the transaction is intended for a third-party
40-Act Fund, has it adopted affiliated underwriting
procedures (I.e. Rule 10f-3) that permit it to engage
in this transaction? Please check with your
Compliance Departement if unsure. x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
10 Is the total principal amount of securities purchased
by MSDWIM/MAS for all 40-Act Funds no more than 10%
of the total offering? (Do not include offshore funds
(I.e.,SICAVs) in this calculation.) x
--------------------
-----
SHOW CALCULATION HERE:
Total Units Offered: 9,000,000.00
Price per Unit: 21.00
10% of Total Offering: 18,900,000.00
40-Act Fund Units Offer Total
To Buy Price Value
71281 1,300 21.00 $27,300
71928 0 21.00 $0
81087 10,100 21.00 $212,100
255 100 21.00 $2,100
391486 9,400 21.00 $197,400
391548 800 21.00 $16,800
52297 600 21.00 $12,600
8716 100 21.00 $2,100
89902549 1,200 21.00 $25,200
89902551 3,400 21.00 $71,400
ESTF0004 2,200 21.00 $46,200
MTEC 1,000 21.00 $21,000
PRINAGGR 3,000 21.00 $63,000
PRINCON 100 21.00 $2,100
PRINLCV 0 21.00 $0
PRINPART 400 21.00 $8,400
PRINSCG 100 21.00 $2,100
UFEG 1,200 21.00 $25,200
UFTECH 300 21.00 $6,300
Total Principal Amount Purchased by all $741,300
40-Act Funds
Total % of the Offering Purchased by all 0.39%
40-Act Funds
-------------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------------
11 Has a copy of this completed checklist been forwarded
to Lauren Teetsel in the NY Compliance Department? x
--------------------------------------------------------------------------------
/William S. Auslander/
Portfolio Manager's or designee's Signature
Compliance*: YES NO
-------------------------------------------------------------------------------
12 Has a copy of this Checklist been forwarded to
Chase Global Fund Services (fax# 617-557-8610)
for MSDWIM-sponsored 40-Act Funds and to the
appropriate outside administrators for third-party
40-Act Funds? (Note: Compliance personnel at the
MSDWIM office executing these trades is responsible
for ensuring that the appropriate outside administrator
receives a copy of the Checklist. x
--------------------------------------------------------------------------
LEGEND
GIMS ACRONYM ACCOUNT NAME
------------ ------------
71281 MSDW EMERGING GROWTH
71928 MSDW VALUE EQUITY
81087 MSDW EQUITY GROWTH
391486 MSDW GROWTH
52297 VKAC EQUITY GRWOTH
89902549 MSDW AGGRESSIVE GROWTH
89902551 VKAC AGGRESSIVE RETAIL
ESTF0004 ENDEAVOR EQUITY
MTEC MSDW TECHNOLOGY
PRINAGGR PRINCOR EQUITY
PRINCON PRINCOR CONCENTRATED
PRINLCV PRINCOR LARGE CAP VALUE
PRINPART PRINCOR SMALL CAP GROWTH
UFEG UNIVERSAL EQUITY GROWTH
8716 CIGNA
INSTRUCTIONS: 40-ACT FUNDS
This Checklist must be completed in order to ensure compliance with the
40-Act requirements applicable to participations in affiliated
underwritings for 40-Act funds. Please complete this Checklist immediately
after participating in an affiliated underwriting on behalf of each 40-Act
Fund (Note: This Checklist can be found in Excel at
L:\checklist\funds.xls)and forward it to Lauren Teetsel (or Don Ryan in
her absence) in the New York Compliance Department for review,
record-keeping and reporting purposes. The Compliance Department in New
York must receive this Checklist from all MSDWIM offices that engage in
affiliated underwriting transactions for the 40-Act Funds they manage.
Note: A red herring prospectus must be included with the Checklist and a
final prospectus must be forwarded to the New York Compliance Department
for regulatory record retention purposes.
AFFILIATED UNDERWRITING CHECKLIST ("CHECKLIST") FOR 40-ACT FUNDS
--------------------------------------------------------------------------
Issuer:Silicon Laboratories Fund(s) List below in Question #10 below
Offering Date: 03/23/2000 No. of Securities Offered: 3,200,000
(# of shares or # of bonds)
Affiliated Broker: MSDW Price Per Unit: $31.00
--------------------------------------------------------------------------
--------------------------------------------------------------------------
1 The securities to be purchased are: Check One
[x]Registered under the Securities Act of 1933 [] Eligible Rule 144A securities
[ ]Municipal Securities [ ] Offered in an Eligible Foreign Offering *
* See Section V.4.d.4(a)(iii) for a description of a eligible foreign offering
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
2 Are the securities being offered pursuant to a firm
commitment underwriting? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
3 Will transaction be executed away from Morgan Stanley
and not allocated to Morgan Stanley if it is a
"pot trade"? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
4 Has the executing dealer represented that Morgan
Stanley will not receive compensation in connection
with the transaction? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
5 Will the securities be purchased at not more than
the public offering price and no later than the
close of the first full business day on which
any sales are made? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
6 Is the commission or spread to be received by
the underwriters reasonable and fair compared
to that received in comparable transactions? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
7 If a municipal issuer, (1) does the issue have an
investment grade rating from at least one Nationally
Recognized Statistical Rating Organization, or (2) if
the issuer has less than three (3) years of
continuous operations, does the issue have one of
the three highest ratings from one such rating
organization? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
8 If not a municipal issuer, has the issuer (including
predecessors) been in continuous operation for at
least three years? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
9 If the transaction is intended for a third-party
40-Act Fund, has it adopted affiliated underwriting
procedures (I.e. Rule 10f-3) that permit it to engage
in this transaction? Please check with your
Compliance Departement if unsure. x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
10 Is the total principal amount of securities purchased
by MSDWIM/MAS for all 40-Act Funds no more than 10%
of the total offering? (Do not include offshore funds
(I.e.,SICAVs) in this calculation.) x
--------------------
-----
SHOW CALCULATION HERE:
Total Units Offered: 3,200,000.00
Price per Unit: 31.00
10% of Total Offering: 9,920,000.00
40-Act Fund Units Offer Total
To Buy Price Value
71281 200 31.00 $6,200
71928 0 31.00 $0
81087 1,400 31.00 $43,400
255 0 31.00 $0
391486 1,300 31.00 $40,300
391548 100 31.00 $3,100
52297 100 31.00 $3,100
8716 0 31.00 $0
89902549 200 31.00 $6,200
89902551 500 31.00 $15,500
ESTF0004 300 31.00 $9,300
MTEC 100 31.00 $3,100
PRINAGGR 400 31.00 $12,400
PRINCON 0 31.00 $0
PRINLCV 0 31.00 $0
PRINPART 100 31.00 $3,100
PRINSCG 0 31.00 $0
UFEG 200 31.00 $6,200
UFTECH 0 31.00 $0
Total Principal Amount Purchased by all $151,900
40-Act Funds
Total % of the Offering Purchased by all 0.15%
40-Act Funds
-------------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------------
11 Has a copy of this completed checklist been forwarded
to Lauren Teetsel in the NY Compliance Department? x
--------------------------------------------------------------------------------
/Phillip W. Friedman/
Portfolio Manager's or designee's Signature
Compliance*: YES NO
-------------------------------------------------------------------------------
12 Has a copy of this Checklist been forwarded to
Chase Global Fund Services (fax# 617-557-8610)
for MSDWIM-sponsored 40-Act Funds and to the
appropriate outside administrators for third-party
40-Act Funds? (Note: Compliance personnel at the
MSDWIM office executing these trades is responsible
for ensuring that the appropriate outside administrator
receives a copy of the Checklist. x
--------------------------------------------------------------------------
LEGEND
GIMS ACRONYM ACCOUNT NAME
------------ ------------
71281 MSDW EMERGING GROWTH
71928 MSDW VALUE EQUITY
81087 MSDW EQUITY GROWTH
391486 MSDW GROWTH
52297 VKAC EQUITY GRWOTH
89902549 MSDW AGGRESSIVE GROWTH
89902551 VKAC AGGRESSIVE RETAIL
ESTF0004 ENDEAVOR EQUITY
MTEC MSDW TECHNOLOGY
PRINAGGR PRINCOR EQUITY
PRINCON PRINCOR CONCENTRATED
PRINLCV PRINCOR LARGE CAP VALUE
PRINPART PRINCOR SMALL CAP GROWTH
UFEG UNIVERSAL EQUITY GROWTH
8716 CIGNA
INSTRUCTIONS: 40-ACT FUNDS
This Checklist must be completed in order to ensure compliance with the
40-Act requirements applicable to participations in affiliated
underwritings for 40-Act funds. Please complete this Checklist immediately
after participating in an affiliated underwriting on behalf of each 40-Act
Fund (Note: This Checklist can be found in Excel at
L:\checklist\funds.xls)and forward it to Lauren Teetsel (or Don Ryan in
her absence) in the New York Compliance Department for review,
record-keeping and reporting purposes. The Compliance Department in New
York must receive this Checklist from all MSDWIM offices that engage in
affiliated underwriting transactions for the 40-Act Funds they manage.
Note: A red herring prospectus must be included with the Checklist and a
final prospectus must be forwarded to the New York Compliance Department
for regulatory record retention purposes.
AFFILIATED UNDERWRITING CHECKLIST ("CHECKLIST") FOR 40-ACT FUNDS
--------------------------------------------------------------------------
Issuer:Via Systems Fund(s) List below in Question #10 below
Offering Date: 03/23/2000 No. of Securities Offered: 44,000,000
(# of shares or # of bonds)
Affiliated Broker: MSDW Price Per Unit: $21.00
--------------------------------------------------------------------------
--------------------------------------------------------------------------
1 The securities to be purchased are: Check One
[x]Registered under the Securities Act of 1933 [] Eligible Rule 144A securities
[ ]Municipal Securities [ ] Offered in an Eligible Foreign Offering *
* See Section V.4.d.4(a)(iii) for a description of a eligible foreign offering
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
2 Are the securities being offered pursuant to a firm
commitment underwriting? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
3 Will transaction be executed away from Morgan Stanley
and not allocated to Morgan Stanley if it is a
"pot trade"? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
4 Has the executing dealer represented that Morgan
Stanley will not receive compensation in connection
with the transaction? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
5 Will the securities be purchased at not more than
the public offering price and no later than the
close of the first full business day on which
any sales are made? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
6 Is the commission or spread to be received by
the underwriters reasonable and fair compared
to that received in comparable transactions? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
7 If a municipal issuer, (1) does the issue have an
investment grade rating from at least one Nationally
Recognized Statistical Rating Organization, or (2) if
the issuer has less than three (3) years of
continuous operations, does the issue have one of
the three highest ratings from one such rating
organization? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
8 If not a municipal issuer, has the issuer (including
predecessors) been in continuous operation for at
least three years? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
9 If the transaction is intended for a third-party
40-Act Fund, has it adopted affiliated underwriting
procedures (I.e. Rule 10f-3) that permit it to engage
in this transaction? Please check with your
Compliance Departement if unsure. x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
10 Is the total principal amount of securities purchased
by MSDWIM/MAS for all 40-Act Funds no more than 10%
of the total offering? (Do not include offshore funds
(I.e.,SICAVs) in this calculation.) x
--------------------
-----
SHOW CALCULATION HERE:
Total Units Offered: 44,000,000.00
Price per Unit: 21.00
10% of Total Offering: 92,400,000.00
40-Act Fund Units Offer Total
To Buy Price Value
71281 3,400 21.00 $71,400
71928 0 21.00 $0
81087 25,200 21.00 $529,200
255 100 21.00 $2,100
391486 23,900 21.00 $501,900
391548 2,100 21.00 $44,100
52297 1,700 21.00 $35,700
8716 200 21.00 $4,200
89902549 3,100 21.00 $65,100
89902551 8,700 21.00 $182,700
ESTF0004 5,700 21.00 $119,700
MTEC 2,700 21.00 $56,700
PRINAGGR 7,600 21.00 $159,600
PRINCON 400 21.00 $8,400
PRINLCV 0 21.00 $0
PRINPART 1,000 21.00 $21,000
PRINSCG 200 21.00 $4,200
UFEG 3,000 21.00 $63,000
UFTECH 900 21.00 $18,900
Total Principal Amount Purchased by all $1,887,900
40-Act Funds
Total % of the Offering Purchased by all 0.20%
40-Act Funds
-------------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------------
11 Has a copy of this completed checklist been forwarded
to Lauren Teetsel in the NY Compliance Department? x
--------------------------------------------------------------------------------
/Phillip W. Friedman/
Portfolio Manager's or designee's Signature
Compliance*: YES NO
-------------------------------------------------------------------------------
12 Has a copy of this Checklist been forwarded to
Chase Global Fund Services (fax# 617-557-8610)
for MSDWIM-sponsored 40-Act Funds and to the
appropriate outside administrators for third-party
40-Act Funds? (Note: Compliance personnel at the
MSDWIM office executing these trades is responsible
for ensuring that the appropriate outside administrator
receives a copy of the Checklist. x
--------------------------------------------------------------------------
LEGEND
GIMS ACRONYM ACCOUNT NAME
------------ ------------
71281 MSDW EMERGING GROWTH
71928 MSDW VALUE EQUITY
81087 MSDW EQUITY GROWTH
391486 MSDW GROWTH
52297 VKAC EQUITY GRWOTH
89902549 MSDW AGGRESSIVE GROWTH
89902551 VKAC AGGRESSIVE RETAIL
ESTF0004 ENDEAVOR EQUITY
MTEC MSDW TECHNOLOGY
PRINAGGR PRINCOR EQUITY
PRINCON PRINCOR CONCENTRATED
PRINLCV PRINCOR LARGE CAP VALUE
PRINPART PRINCOR SMALL CAP GROWTH
UFEG UNIVERSAL EQUITY GROWTH
8716 CIGNA
INSTRUCTIONS: 40-ACT FUNDS
This Checklist must be completed in order to ensure compliance with the
40-Act requirements applicable to participations in affiliated
underwritings for 40-Act funds. Please complete this Checklist immediately
after participating in an affiliated underwriting on behalf of each 40-Act
Fund (Note: This Checklist can be found in Excel at
L:\checklist\funds.xls)and forward it to Lauren Teetsel (or Don Ryan in
her absence) in the New York Compliance Department for review,
record-keeping and reporting purposes. The Compliance Department in New
York must receive this Checklist from all MSDWIM offices that engage in
affiliated underwriting transactions for the 40-Act Funds they manage.
Note: A red herring prospectus must be included with the Checklist and a
final prospectus must be forwarded to the New York Compliance Department
for regulatory record retention purposes.
AFFILIATED UNDERWRITING CHECKLIST ("CHECKLIST") FOR 40-ACT FUNDS
--------------------------------------------------------------------------
Issuer: Allos Therapeutics Fund(s) List below in Question #10 below
Offering Date: 03/27/2000 No. of Securities Offered: 5,000,000
(# of shares or # of bonds)
Affiliated Broker: MSDW Price Per Unit: $18.00
--------------------------------------------------------------------------
--------------------------------------------------------------------------
1 The securities to be purchased are: Check One
[x]Registered under the Securities Act of 1933 [] Eligible Rule 144A securities
[ ]Municipal Securities [ ] Offered in an Eligible Foreign Offering *
* See Section V.4.d.4(a)(iii) for a description of a eligible foreign offering
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
2 Are the securities being offered pursuant to a firm
commitment underwriting? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
3 Will transaction be executed away from Morgan Stanley
and not allocated to Morgan Stanley if it is a
"pot trade"? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
4 Has the executing dealer represented that Morgan
Stanley will not receive compensation in connection
with the transaction? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
5 Will the securities be purchased at not more than
the public offering price and no later than the
close of the first full business day on which
any sales are made? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
6 Is the commission or spread to be received by
the underwriters reasonable and fair compared
to that received in comparable transactions? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
7 If a municipal issuer, (1) does the issue have an
investment grade rating from at least one Nationally
Recognized Statistical Rating Organization, or (2) if
the issuer has less than three (3) years of
continuous operations, does the issue have one of
the three highest ratings from one such rating
organization? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
8 If not a municipal issuer, has the issuer (including
predecessors) been in continuous operation for at
least three years? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
9 If the transaction is intended for a third-party
40-Act Fund, has it adopted affiliated underwriting
procedures (I.e. Rule 10f-3) that permit it to engage
in this transaction? Please check with your
Compliance Departement if unsure. x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
10 Is the total principal amount of securities purchased
by MSDWIM/MAS for all 40-Act Funds no more than 10%
of the total offering? (Do not include offshore funds
(I.e.,SICAVs) in this calculation.) x
--------------------
-----
SHOW CALCULATION HERE:
Total Units Offered: 5,000,000.00
Price per Unit: 18.00
10% of Total Offering: 9,000,000.00
40-Act Fund Units Offer Total
To Buy Price Value
71281 100 18.00 $1,800
71928 0 18.00 $0
81087 1,400 18.00 $25,200
255 0 18.00 $0
391486 1,100 18.00 $19,800
391548 100 18.00 $1,800
52297 100 18.00 $1,800
8716 0 18.00 $0
89902549 0 18.00 $0
89902551 0 18.00 $0
ESTF0004 200 18.00 $3,600
MTEC 100 18.00 $1,800
PRINAGGR 300 18.00 $5,400
PRINCON 0 18.00 $0
PRINLCV 0 18.00 $0
PRINPART 0 18.00 $0
PRINSCG 0 18.00 $0
UFEG 100 18.00 $1,800
UFTECH 0 18.00 $0
Total Principal Amount Purchased by all $63,000
40-Act Funds
Total % of the Offering Purchased by all 0.07%
40-Act Funds
--------------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------------
11 Has a copy of this completed checklist been forwarded
to Lauren Teetsel in the NY Compliance Department? x
--------------------------------------------------------------------------------
/Phillip W. Friedman/
Portfolio Manager's or designee's Signature
Compliance*: YES NO
-------------------------------------------------------------------------------
12 Has a copy of this Checklist been forwarded to
Chase Global Fund Services (fax# 617-557-8610)
for MSDWIM-sponsored 40-Act Funds and to the
appropriate outside administrators for third-party
40-Act Funds? (Note: Compliance personnel at the
MSDWIM office executing these trades is responsible
for ensuring that the appropriate outside administrator
receives a copy of the Checklist. x
--------------------------------------------------------------------------
LEGEND
GIMS ACRONYM ACCOUNT NAME
------------ ------------
71281 MSDW EMERGING GROWTH
71928 MSDW VALUE EQUITY
81087 MSDW EQUITY GROWTH
391486 MSDW GROWTH
52297 VKAC EQUITY GRWOTH
89902549 MSDW AGGRESSIVE GROWTH
89902551 VKAC AGGRESSIVE RETAIL
ESTF0004 ENDEAVOR EQUITY
MTEC MSDW TECHNOLOGY
PRINAGGR PRINCOR EQUITY
PRINCON PRINCOR CONCENTRATED
PRINLCV PRINCOR LARGE CAP VALUE
PRINPART PRINCOR SMALL CAP GROWTH
UFEG UNIVERSAL EQUITY GROWTH
8716 CIGNA
INSTRUCTIONS: 40-ACT FUNDS
This Checklist must be completed in order to ensure compliance with the
40-Act requirements applicable to participations in affiliated
underwritings for 40-Act funds. Please complete this Checklist immediately
after participating in an affiliated underwriting on behalf of each 40-Act
Fund (Note: This Checklist can be found in Excel at
L:\checklist\funds.xls)and forward it to Lauren Teetsel (or Don Ryan in
her absence) in the New York Compliance Department for review,
record-keeping and reporting purposes. The Compliance Department in New
York must receive this Checklist from all MSDWIM offices that engage in
affiliated underwriting transactions for the 40-Act Funds they manage.
Note: A red herring prospectus must be included with the Checklist and a
final prospectus must be forwarded to the New York Compliance Department
for regulatory record retention purposes.
AFFILIATED UNDERWRITING CHECKLIST ("CHECKLIST") FOR 40-ACT FUNDS
--------------------------------------------------------------------------
Issuer: ArtistDirect Fund(s) List below in Question #10 below
Offering Date: 03/27/2000 No. of Securities Offered: 5,000,000
(# of shares or # of bonds)
Affiliated Broker: MSDW Price Per Unit: $12.00
--------------------------------------------------------------------------
--------------------------------------------------------------------------
1 The securities to be purchased are: Check One
[x]Registered under the Securities Act of 1933 [] Eligible Rule 144A securities
[ ]Municipal Securities [ ] Offered in an Eligible Foreign Offering *
* See Section V.4.d.4(a)(iii) for a description of a eligible foreign offering
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
2 Are the securities being offered pursuant to a firm
commitment underwriting? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
3 Will transaction be executed away from Morgan Stanley
and not allocated to Morgan Stanley if it is a
"pot trade"? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
4 Has the executing dealer represented that Morgan
Stanley will not receive compensation in connection
with the transaction? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
5 Will the securities be purchased at not more than
the public offering price and no later than the
close of the first full business day on which
any sales are made? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
6 Is the commission or spread to be received by
the underwriters reasonable and fair compared
to that received in comparable transactions? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
7 If a municipal issuer, (1) does the issue have an
investment grade rating from at least one Nationally
Recognized Statistical Rating Organization, or (2) if
the issuer has less than three (3) years of
continuous operations, does the issue have one of
the three highest ratings from one such rating
organization? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
8 If not a municipal issuer, has the issuer (including
predecessors) been in continuous operation for at
least three years? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
9 If the transaction is intended for a third-party
40-Act Fund, has it adopted affiliated underwriting
procedures (I.e. Rule 10f-3) that permit it to engage
in this transaction? Please check with your
Compliance Departement if unsure. x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
10 Is the total principal amount of securities purchased
by MSDWIM/MAS for all 40-Act Funds no more than 10%
of the total offering? (Do not include offshore funds
(I.e.,SICAVs) in this calculation.) x
--------------------
SHOW CALCULATION HERE:
Total Units Offered: 5,000,000.00
Price per Unit: 12.00
10% of Total Offering: 6,000,000.00
40-Act Fund Units Offer Total
To Buy Price Value
71281 200 12.00 $2,400
71928 0 12.00 $0
81087 1,500 12.00 $18,000
255 0 12.00 $0
391486 1,500 12.00 $18,000
391548 100 12.00 $1,200
52297 100 12.00 $1,200
8716 0 12.00 $0
89902549 0 12.00 $0
89902551 0 12.00 $0
ESTF0004 400 12.00 $4,800
MTEC 200 12.00 $2,400
PRINAGGR 500 12.00 $6,000
PRINCON 0 12.00 $0
PRINLCV 0 12.00 $0
PRINPART 100 12.00 $1,200
PRINSCG 200 12.00 $2,400
UFEG 200 12.00 $2,400
UFTECH 100 12.00 $1,200
Total Principal Amount Purchased by all $61,200
40-Act Funds
Total % of the Offering Purchased by all 0.10%
40-Act Funds
--------------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------------
11 Has a copy of this completed checklist been forwarded
to Lauren Teetsel in the NY Compliance Department? x
--------------------------------------------------------------------------------
/Phillip W. Friedman/
Portfolio Manager's or designee's Signature
Compliance*: YES NO
-------------------------------------------------------------------------------
12 Has a copy of this Checklist been forwarded to
Chase Global Fund Services (fax# 617-557-8610)
for MSDWIM-sponsored 40-Act Funds and to the
appropriate outside administrators for third-party
40-Act Funds? (Note: Compliance personnel at the
MSDWIM office executing these trades is responsible
for ensuring that the appropriate outside administrator
receives a copy of the Checklist. x
--------------------------------------------------------------------------
LEGEND
GIMS ACRONYM ACCOUNT NAME
------------ ------------
71281 MSDW EMERGING GROWTH
71928 MSDW VALUE EQUITY
81087 MSDW EQUITY GROWTH
391486 MSDW GROWTH
52297 VKAC EQUITY GRWOTH
89902549 MSDW AGGRESSIVE GROWTH
89902551 VKAC AGGRESSIVE RETAIL
ESTF0004 ENDEAVOR EQUITY
MTEC MSDW TECHNOLOGY
PRINAGGR PRINCOR EQUITY
PRINCON PRINCOR CONCENTRATED
PRINLCV PRINCOR LARGE CAP VALUE
PRINPART PRINCOR SMALL CAP GROWTH
UFEG UNIVERSAL EQUITY GROWTH
8716 CIGNA
INSTRUCTIONS: 40-ACT FUNDS
This Checklist must be completed in order to ensure compliance with the
40-Act requirements applicable to participations in affiliated
underwritings for 40-Act funds. Please complete this Checklist immediately
after participating in an affiliated underwriting on behalf of each 40-Act
Fund (Note: This Checklist can be found in Excel at
L:\checklist\funds.xls)and forward it to Lauren Teetsel (or Don Ryan in
her absence) in the New York Compliance Department for review,
record-keeping and reporting purposes. The Compliance Department in New
York must receive this Checklist from all MSDWIM offices that engage in
affiliated underwriting transactions for the 40-Act Funds they manage.
Note: A red herring prospectus must be included with the Checklist and a
final prospectus must be forwarded to the New York Compliance Department
for regulatory record retention purposes.
AFFILIATED UNDERWRITING CHECKLIST ("CHECKLIST") FOR 40-ACT FUNDS
--------------------------------------------------------------------------
Issuer:Intrabiotics Pharmacuticals Fund(s) List below in Question #10 below
Offering Date: 03/28/2000 No. of Securities Offered: 7,500,000
(# of shares or # of bonds)
Affiliated Broker: MSDW Price Per Unit: $15.00
--------------------------------------------------------------------------
--------------------------------------------------------------------------
1 The securities to be purchased are: Check One
[x]Registered under the Securities Act of 1933 [] Eligible Rule 144A securities
[ ]Municipal Securities [ ] Offered in an Eligible Foreign Offering *
* See Section V.4.d.4(a)(iii) for a description of a eligible foreign offering
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
2 Are the securities being offered pursuant to a firm
commitment underwriting? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
3 Will transaction be executed away from Morgan Stanley
and not allocated to Morgan Stanley if it is a
"pot trade"? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
4 Has the executing dealer represented that Morgan
Stanley will not receive compensation in connection
with the transaction? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
5 Will the securities be purchased at not more than
the public offering price and no later than the
close of the first full business day on which
any sales are made? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
6 Is the commission or spread to be received by
the underwriters reasonable and fair compared
to that received in comparable transactions? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
7 If a municipal issuer, (1) does the issue have an
investment grade rating from at least one Nationally
Recognized Statistical Rating Organization, or (2) if
the issuer has less than three (3) years of
continuous operations, does the issue have one of
the three highest ratings from one such rating
organization? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
8 If not a municipal issuer, has the issuer (including
predecessors) been in continuous operation for at
least three years? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
9 If the transaction is intended for a third-party
40-Act Fund, has it adopted affiliated underwriting
procedures (I.e. Rule 10f-3) that permit it to engage
in this transaction? Please check with your
Compliance Departement if unsure. x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
10 Is the total principal amount of securities purchased
by MSDWIM/MAS for all 40-Act Funds no more than 10%
of the total offering? (Do not include offshore funds
(I.e.,SICAVs) in this calculation.) x
--------------------
-----
SHOW CALCULATION HERE:
Total Units Offered: 7,500,000.00
Price per Unit: 15.00
10% of Total Offering: 11,250,000.00
40-Act Fund Units Offer Total
To Buy Price Value
71281 4,200 15.00 $63,000
71928 0 15.00 $0
81087 29,900 15.00 $448,500
255 200 15.00 $3,000
391486 28,500 15.00 $427,500
391548 2,600 15.00 $39,000
52297 2,000 15.00 $30,000
8716 200 15.00 $3,000
89902549 0 15.00 $0
89902551 0 15.00 $0
ESTF0004 6,900 15.00 $103,500
MTEC 3,400 15.00 $51,000
PRINAGGR 9,200 15.00 $138,000
PRINCON 500 15.00 $7,500
PRINLCV 0 15.00 $0
PRINPART 1,200 15.00 $18,000
PRINSCG 200 15.00 $3,000
UFEG 3,600 15.00 $54,000
UFTECH 1,200 15.00 $18,000
Total Principal Amount Purchased by all $1,407,000
40-Act Funds
Total % of the Offering Purchased by all 1.25%
40-Act Funds
-------------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------------
11 Has a copy of this completed checklist been forwarded
to Lauren Teetsel in the NY Compliance Department? x
--------------------------------------------------------------------------------
/Phillip W. Friedman/
Portfolio Manager's or designee's Signature
Compliance*: YES NO
-------------------------------------------------------------------------------
12 Has a copy of this Checklist been forwarded to
Chase Global Fund Services (fax# 617-557-8610)
for MSDWIM-sponsored 40-Act Funds and to the
appropriate outside administrators for third-party
40-Act Funds? (Note: Compliance personnel at the
MSDWIM office executing these trades is responsible
for ensuring that the appropriate outside administrator
receives a copy of the Checklist. x
--------------------------------------------------------------------------
LEGEND
GIMS ACRONYM ACCOUNT NAME
------------ ------------
71281 MSDW EMERGING GROWTH
71928 MSDW VALUE EQUITY
81087 MSDW EQUITY GROWTH
391486 MSDW GROWTH
52297 VKAC EQUITY GRWOTH
89902549 MSDW AGGRESSIVE GROWTH
89902551 VKAC AGGRESSIVE RETAIL
ESTF0004 ENDEAVOR EQUITY
MTEC MSDW TECHNOLOGY
PRINAGGR PRINCOR EQUITY
PRINCON PRINCOR CONCENTRATED
PRINLCV PRINCOR LARGE CAP VALUE
PRINPART PRINCOR SMALL CAP GROWTH
UFEG UNIVERSAL EQUITY GROWTH
8716 CIGNA
INSTRUCTIONS: 40-ACT FUNDS
This Checklist must be completed in order to ensure compliance with the
40-Act requirements applicable to participations in affiliated
underwritings for 40-Act funds. Please complete this Checklist immediately
after participating in an affiliated underwriting on behalf of each 40-Act
Fund (Note: This Checklist can be found in Excel at
L:\checklist\funds.xls)and forward it to Lauren Teetsel (or Don Ryan in
her absence) in the New York Compliance Department for review,
record-keeping and reporting purposes. The Compliance Department in New
York must receive this Checklist from all MSDWIM offices that engage in
affiliated underwriting transactions for the 40-Act Funds they manage.
Note: A red herring prospectus must be included with the Checklist and a
final prospectus must be forwarded to the New York Compliance Department
for regulatory record retention purposes.
AFFILIATED UNDERWRITING CHECKLIST ("CHECKLIST") FOR 40-ACT FUNDS
--------------------------------------------------------------------------
Issuer:Luminex Fund(s) List below in Question #10 below
Offering Date: 03/30/2000 No. of Securities Offered: 4,500,000
(# of shares or # of bonds)
Affiliated Broker: MSDW Price Per Unit: $17.00
--------------------------------------------------------------------------
--------------------------------------------------------------------------
1 The securities to be purchased are: Check One
[x]Registered under the Securities Act of 1933 [] Eligible Rule 144A securities
[ ]Municipal Securities [ ] Offered in an Eligible Foreign Offering *
* See Section V.4.d.4(a)(iii) for a description of a eligible foreign offering
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
2 Are the securities being offered pursuant to a firm
commitment underwriting? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
3 Will transaction be executed away from Morgan Stanley
and not allocated to Morgan Stanley if it is a
"pot trade"? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
4 Has the executing dealer represented that Morgan
Stanley will not receive compensation in connection
with the transaction? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
5 Will the securities be purchased at not more than
the public offering price and no later than the
close of the first full business day on which
any sales are made? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
6 Is the commission or spread to be received by
the underwriters reasonable and fair compared
to that received in comparable transactions? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
7 If a municipal issuer, (1) does the issue have an
investment grade rating from at least one Nationally
Recognized Statistical Rating Organization, or (2) if
the issuer has less than three (3) years of
continuous operations, does the issue have one of
the three highest ratings from one such rating
organization? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
8 If not a municipal issuer, has the issuer (including
predecessors) been in continuous operation for at
least three years? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
9 If the transaction is intended for a third-party
40-Act Fund, has it adopted affiliated underwriting
procedures (I.e. Rule 10f-3) that permit it to engage
in this transaction? Please check with your
Compliance Departement if unsure. x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
10 Is the total principal amount of securities purchased
by MSDWIM/MAS for all 40-Act Funds no more than 10%
of the total offering? (Do not include offshore funds
(I.e.,SICAVs) in this calculation.) x
--------------------
-----
SHOW CALCULATION HERE:
Total Units Offered: 4,500,000.00
Price per Unit: 17.00
10% of Total Offering: 7,650,000.00
40-Act Fund Units Offer Total
To Buy Price Value
71281 5,100 17.00 $86,700
71928 0 17.00 $0
81087 38,100 17.00 $647,700
255 200 17.00 $3,400
391486 35,800 17.00 $608,600
391548 3,200 17.00 $54,400
52297 2,500 17.00 $42,500
8716 300 17.00 $5,100
89902549 0 17.00 $0
89902551 0 17.00 $0
ESTF0004 8,600 17.00 $146,200
MTEC 3,900 17.00 $66,300
PRINAGGR 11,500 17.00 $195,500
PRINCON 600 17.00 $10,200
PRINLCV 0 17.00 $0
PRINPART 1,500 17.00 $25,500
PRINSCG 300 17.00 $5,100
UFEG 4,600 17.00 $78,200
UFTECH 1,400 17.00 $23,800
Total Principal Amount Purchased by all $1,999,200
40-Act Funds
Total % of the Offering Purchased by all 2.61%
40-Act Funds
-------------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------------
11 Has a copy of this completed checklist been forwarded
to Lauren Teetsel in the NY Compliance Department? x
--------------------------------------------------------------------------------
/Phillip W. Friedman/
Portfolio Manager's or designee's Signature
Compliance*: YES NO
-------------------------------------------------------------------------------
12 Has a copy of this Checklist been forwarded to
Chase Global Fund Services (fax# 617-557-8610)
for MSDWIM-sponsored 40-Act Funds and to the
appropriate outside administrators for third-party
40-Act Funds? (Note: Compliance personnel at the
MSDWIM office executing these trades is responsible
for ensuring that the appropriate outside administrator
receives a copy of the Checklist. x
--------------------------------------------------------------------------
LEGEND
GIMS ACRONYM ACCOUNT NAME
------------ ------------
71281 MSDW EMERGING GROWTH
71928 MSDW VALUE EQUITY
81087 MSDW EQUITY GROWTH
391486 MSDW GROWTH
52297 VKAC EQUITY GRWOTH
89902549 MSDW AGGRESSIVE GROWTH
89902551 VKAC AGGRESSIVE RETAIL
ESTF0004 ENDEAVOR EQUITY
MTEC MSDW TECHNOLOGY
PRINAGGR PRINCOR EQUITY
PRINCON PRINCOR CONCENTRATED
PRINLCV PRINCOR LARGE CAP VALUE
PRINPART PRINCOR SMALL CAP GROWTH
UFEG UNIVERSAL EQUITY GROWTH
8716 CIGNA
INSTRUCTIONS: 40-ACT FUNDS
This Checklist must be completed in order to ensure compliance with the
40-Act requirements applicable to participations in affiliated
underwritings for 40-Act funds. Please complete this Checklist immediately
after participating in an affiliated underwriting on behalf of each 40-Act
Fund (Note: This Checklist can be found in Excel at
L:\checklist\funds.xls)and forward it to Lauren Teetsel (or Don Ryan in
her absence) in the New York Compliance Department for review,
record-keeping and reporting purposes. The Compliance Department in New
York must receive this Checklist from all MSDWIM offices that engage in
affiliated underwriting transactions for the 40-Act Funds they manage.
Note: A red herring prospectus must be included with the Checklist and a
final prospectus must be forwarded to the New York Compliance Department
for regulatory record retention purposes.
AFFILIATED UNDERWRITING CHECKLIST ("CHECKLIST") FOR 40-ACT FUNDS
--------------------------------------------------------------------------
Issuer: Krispy Kreme Doughnut Co Fund(s) List below in Question #10 below
Offering Date: 04/05/2000 No. of Securities Offered: 3,000,000
(# of shares or # of bonds)
Affiliated Broker: MSDW Price Per Unit: $21.00
--------------------------------------------------------------------------
--------------------------------------------------------------------------
1 The securities to be purchased are: Check One
[x]Registered under the Securities Act of 1933 [] Eligible Rule 144A securities
[ ]Municipal Securities [ ] Offered in an Eligible Foreign Offering *
* See Section V.4.d.4(a)(iii) for a description of a eligible foreign offering
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
2 Are the securities being offered pursuant to a firm
commitment underwriting? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
3 Will transaction be executed away from Morgan Stanley
and not allocated to Morgan Stanley if it is a
"pot trade"? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
4 Has the executing dealer represented that Morgan
Stanley will not receive compensation in connection
with the transaction? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
5 Will the securities be purchased at not more than
the public offering price and no later than the
close of the first full business day on which
any sales are made? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
6 Is the commission or spread to be received by
the underwriters reasonable and fair compared
to that received in comparable transactions? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
7 If a municipal issuer, (1) does the issue have an
investment grade rating from at least one Nationally
Recognized Statistical Rating Organization, or (2) if
the issuer has less than three (3) years of
continuous operations, does the issue have one of
the three highest ratings from one such rating
organization? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
8 If not a municipal issuer, has the issuer (including
predecessors) been in continuous operation for at
least three years? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
9 If the transaction is intended for a third-party
40-Act Fund, has it adopted affiliated underwriting
procedures (I.e. Rule 10f-3) that permit it to engage
in this transaction? Please check with your
Compliance Departement if unsure. x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
10 Is the total principal amount of securities purchased
by MSDWIM/MAS for all 40-Act Funds no more than 10%
of the total offering? (Do not include offshore funds
(I.e.,SICAVs) in this calculation.) x
--------------------
-----
SHOW CALCULATION HERE:
Total Units Offered: 3,000,000.00
Price per Unit: 21.00
10% of Total Offering: 6,300,000.00
40-Act Fund Units Offer Total
To Buy Price Value
71281 27,300 21.00 $573,300
71928 0 21.00 $0
81087 0 21.00 $0
255 0 21.00 $0
391486 0 21.00 $0
391548 0 21.00 $0
52297 0 21.00 $0
8716 0 21.00 $0
89902549 0 21.00 $0
89902551 0 21.00 $0
ESTF0004 0 21.00 $0
MTEC 0 21.00 $0
PRINAGGR 0 21.00 $0
PRINCON 0 21.00 $0
PRINLCV 0 21.00 $0
PRINPART 0 21.00 $0
PRINSCG 1,300 21.00 $27,300
UFEG 0 21.00 $0
UFTECH 0 21.00 $0
Total Principal Amount Purchased by all $600,600
40-Act Funds
Total % of the Offering Purchased by all 0.95%
40-Act Funds
-------------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------------
11 Has a copy of this completed checklist been forwarded
to Lauren Teetsel in the NY Compliance Department? x
--------------------------------------------------------------------------------
/Dennis P. Lynch/
Portfolio Manager's or designee's Signature
Compliance*: YES NO
-------------------------------------------------------------------------------
12 Has a copy of this Checklist been forwarded to
Chase Global Fund Services (fax# 617-557-8610)
for MSDWIM-sponsored 40-Act Funds and to the
appropriate outside administrators for third-party
40-Act Funds? (Note: Compliance personnel at the
MSDWIM office executing these trades is responsible
for ensuring that the appropriate outside administrator
receives a copy of the Checklist. x
--------------------------------------------------------------------------
LEGEND
GIMS ACRONYM ACCOUNT NAME
------------ ------------
71281 MSDW EMERGING GROWTH
71928 MSDW VALUE EQUITY
81087 MSDW EQUITY GROWTH
391486 MSDW GROWTH
52297 VKAC EQUITY GRWOTH
89902549 MSDW AGGRESSIVE GROWTH
89902551 VKAC AGGRESSIVE RETAIL
ESTF0004 ENDEAVOR EQUITY
MTEC MSDW TECHNOLOGY
PRINAGGR PRINCOR EQUITY
PRINCON PRINCOR CONCENTRATED
PRINLCV PRINCOR LARGE CAP VALUE
PRINPART PRINCOR SMALL CAP GROWTH
UFEG UNIVERSAL EQUITY GROWTH
8716 CIGNA
INSTRUCTIONS: 40-ACT FUNDS
This Checklist must be completed in order to ensure compliance with the
40-Act requirements applicable to participations in affiliated
underwritings for 40-Act funds. Please complete this Checklist immediately
after participating in an affiliated underwriting on behalf of each 40-Act
Fund (Note: This Checklist can be found in Excel at
L:\checklist\funds.xls)and forward it to Lauren Teetsel (or Don Ryan in
her absence) in the New York Compliance Department for review,
record-keeping and reporting purposes. The Compliance Department in New
York must receive this Checklist from all MSDWIM offices that engage in
affiliated underwriting transactions for the 40-Act Funds they manage.
Note: A red herring prospectus must be included with the Checklist and a
final prospectus must be forwarded to the New York Compliance Department
for regulatory record retention purposes.
AFFILIATED UNDERWRITING CHECKLIST ("CHECKLIST") FOR 40-ACT FUNDS
--------------------------------------------------------------------------
Issuer: I3 Mobile Fund(s) List below in Question #10 below
Offering Date: 04/06/2000 No. of Securities Offered: 5,100,000
(# of shares or # of bonds)
Affiliated Broker: MSDW Price Per Unit: $16.00
--------------------------------------------------------------------------
--------------------------------------------------------------------------
1 The securities to be purchased are: Check One
[x]Registered under the Securities Act of 1933 [] Eligible Rule 144A securities
[ ]Municipal Securities [ ] Offered in an Eligible Foreign Offering *
* See Section V.4.d.4(a)(iii) for a description of a eligible foreign offering
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
2 Are the securities being offered pursuant to a firm
commitment underwriting? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
3 Will transaction be executed away from Morgan Stanley
and not allocated to Morgan Stanley if it is a
"pot trade"? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
4 Has the executing dealer represented that Morgan
Stanley will not receive compensation in connection
with the transaction? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
5 Will the securities be purchased at not more than
the public offering price and no later than the
close of the first full business day on which
any sales are made? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
6 Is the commission or spread to be received by
the underwriters reasonable and fair compared
to that received in comparable transactions? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
7 If a municipal issuer, (1) does the issue have an
investment grade rating from at least one Nationally
Recognized Statistical Rating Organization, or (2) if
the issuer has less than three (3) years of
continuous operations, does the issue have one of
the three highest ratings from one such rating
organization? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
8 If not a municipal issuer, has the issuer (including
predecessors) been in continuous operation for at
least three years? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
9 If the transaction is intended for a third-party
40-Act Fund, has it adopted affiliated underwriting
procedures (I.e. Rule 10f-3) that permit it to engage
in this transaction? Please check with your
Compliance Departement if unsure. x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
10 Is the total principal amount of securities purchased
by MSDWIM/MAS for all 40-Act Funds no more than 10%
of the total offering? (Do not include offshore funds
(I.e.,SICAVs) in this calculation.) x
--------------------
-----
SHOW CALCULATION HERE:
Total Units Offered: 5,100,000.00
Price per Unit: 16.00
10% of Total Offering: 8,160,000.00
40-Act Fund Units Offer Total
To Buy Price Value
71281 600 16.00 $9,600
71928 0 16.00 $0
81087 4,900 16.00 $78,400
255 0 16.00 $0
391486 4,600 16.00 $73,600
391548 400 16.00 $6,400
52297 300 16.00 $4,800
8716 0 16.00 $0
89902549 600 16.00 $9,600
89902551 1,800 16.00 $28,800
ESTF0004 1,100 16.00 $17,600
MTEC 500 16.00 $8,000
PRINAGGR 1,500 16.00 $24,000
PRINCON 100 16.00 $1,600
PRINLCV 0 16.00 $0
PRINPART 200 16.00 $3,200
PRINSCG 0 16.00 $0
UFEG 600 16.00 $9,600
UFTECH 200 16.00 $3,200
Total Principal Amount Purchased by all $278,400
40-Act Funds
Total % of the Offering Purchased by all 0.34%
40-Act Funds
--------------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------------
11 Has a copy of this completed checklist been forwarded
to Lauren Teetsel in the NY Compliance Department? x
--------------------------------------------------------------------------------
/Phillip W. Friedman/
Portfolio Manager's or designee's Signature
Compliance*: YES NO
-------------------------------------------------------------------------------
12 Has a copy of this Checklist been forwarded to
Chase Global Fund Services (fax# 617-557-8610)
for MSDWIM-sponsored 40-Act Funds and to the
appropriate outside administrators for third-party
40-Act Funds? (Note: Compliance personnel at the
MSDWIM office executing these trades is responsible
for ensuring that the appropriate outside administrator
receives a copy of the Checklist. x
--------------------------------------------------------------------------
LEGEND
GIMS ACRONYM ACCOUNT NAME
------------ ------------
71281 MSDW EMERGING GROWTH
71928 MSDW VALUE EQUITY
81087 MSDW EQUITY GROWTH
391486 MSDW GROWTH
52297 VKAC EQUITY GRWOTH
89902549 MSDW AGGRESSIVE GROWTH
89902551 VKAC AGGRESSIVE RETAIL
ESTF0004 ENDEAVOR EQUITY
MTEC MSDW TECHNOLOGY
PRINAGGR PRINCOR EQUITY
PRINCON PRINCOR CONCENTRATED
PRINLCV PRINCOR LARGE CAP VALUE
PRINPART PRINCOR SMALL CAP GROWTH
UFEG UNIVERSAL EQUITY GROWTH
8716 CIGNA
INSTRUCTIONS: 40-ACT FUNDS
This Checklist must be completed in order to ensure compliance with the
40-Act requirements applicable to participations in affiliated
underwritings for 40-Act funds. Please complete this Checklist immediately
after participating in an affiliated underwriting on behalf of each 40-Act
Fund (Note: This Checklist can be found in Excel at
L:\checklist\funds.xls)and forward it to Lauren Teetsel (or Don Ryan in
her absence) in the New York Compliance Department for review,
record-keeping and reporting purposes. The Compliance Department in New
York must receive this Checklist from all MSDWIM offices that engage in
affiliated underwriting transactions for the 40-Act Funds they manage.
Note: A red herring prospectus must be included with the Checklist and a
final prospectus must be forwarded to the New York Compliance Department
for regulatory record retention purposes.
AFFILIATED UNDERWRITING CHECKLIST ("CHECKLIST") FOR 40-ACT FUNDS
--------------------------------------------------------------------------
Issuer: AT&T Wireless Fund(s) List below in Question #10 below
Offering Date: 04/26/2000 No. of Securities Offered: 360,000,000
(# of shares or # of bonds)
Affiliated Broker: MSDW Price Per Unit: $29.50
--------------------------------------------------------------------------
--------------------------------------------------------------------------
1 The securities to be purchased are: Check One
[x]Registered under the Securities Act of 1933 [] Eligible Rule 144A securities
[ ]Municipal Securities [ ] Offered in an Eligible Foreign Offering *
* See Section V.4.d.4(a)(iii) for a description of a eligible foreign offering
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
2 Are the securities being offered pursuant to a firm
commitment underwriting? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
3 Will transaction be executed away from Morgan Stanley
and not allocated to Morgan Stanley if it is a
"pot trade"? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
4 Has the executing dealer represented that Morgan
Stanley will not receive compensation in connection
with the transaction? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
5 Will the securities be purchased at not more than
the public offering price and no later than the
close of the first full business day on which
any sales are made? x
--------------------------------------------------------------------------
YES NO
--------------------------------------------------------------------------
6 Is the commission or spread to be received by
the underwriters reasonable and fair compared
to that received in comparable transactions? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
7 If a municipal issuer, (1) does the issue have an
investment grade rating from at least one Nationally
Recognized Statistical Rating Organization, or (2) if
the issuer has less than three (3) years of
continuous operations, does the issue have one of
the three highest ratings from one such rating
organization? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
8 If not a municipal issuer, has the issuer (including
predecessors) been in continuous operation for at
least three years? x
--------------------------------------------------------------------------
YES NO N/A
--------------------------------------------------------------------------
9 If the transaction is intended for a third-party
40-Act Fund, has it adopted affiliated underwriting
procedures (I.e. Rule 10f-3) that permit it to engage
in this transaction? Please check with your
Compliance Departement if unsure. x
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YES NO
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10 Is the total principal amount of securities purchased
by MSDWIM/MAS for all 40-Act Funds no more than 10%
of the total offering? (Do not include offshore funds
(I.e.,SICAVs) in this calculation.) x
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SHOW CALCULATION HERE:
Total Units Offered: 360,000,000.00
Price per Unit: 29.50
10% of Total Offering: 1,062,000,000.00
40-Act Fund Units Offer Total
To Buy Price Value
JL50 200 29.50 $5,900
71281 37,600 29.50 $1,109,200
71928 9,100 29.50 $268,450
81087 117,800 29.50 $3,475,100
255 600 29.50 $17,700
391486 108,900 29.50 $3,212,550
391548 10,000 29.50 $295,000
52297 8,400 29.50 $247,800
8716 1,000 29.50 $29,500
89902549 14,100 29.50 $415,950
89902551 43,300 29.50 $1,277,350
ESTF0004 25,800 29.50 $761,100
MTEC 30,600 29.50 $902,700
PRINAGGR 35,200 29.50 $1,038,400
PRINCON 1,700 29.50 $50,150
PRINLCV 1,500 29.50 $44,250
PRINPART 5,100 29.50 $150,450
PRINSCG 1,800 29.50 $53,100
UFEG 13,900 29.50 $410,050
UFTECH 11,300 29.50 $333,350
Total Principal Amount Purchased by all $14,092,150
40-Act Funds
Total % of the Offering Purchased by all 0.13%
40-Act Funds
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YES NO
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11 Has a copy of this completed checklist been forwarded
to Lauren Teetsel in the NY Compliance Department? x
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/Phillip W. Friedman/
Portfolio Manager's or designee's Signature
Compliance*: YES NO
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12 Has a copy of this Checklist been forwarded to
Chase Global Fund Services (fax# 617-557-8610)
for MSDWIM-sponsored 40-Act Funds and to the
appropriate outside administrators for third-party
40-Act Funds? (Note: Compliance personnel at the
MSDWIM office executing these trades is responsible
for ensuring that the appropriate outside administrator
receives a copy of the Checklist. x
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LEGEND
GIMS ACRONYM ACCOUNT NAME
------------ ------------
71281 MSDW EMERGING GROWTH
71928 MSDW VALUE EQUITY
81087 MSDW EQUITY GROWTH
391486 MSDW GROWTH
52297 VKAC EQUITY GRWOTH
89902549 MSDW AGGRESSIVE GROWTH
89902551 VKAC AGGRESSIVE RETAIL
ESTF0004 ENDEAVOR EQUITY
MTEC MSDW TECHNOLOGY
PRINAGGR PRINCOR EQUITY
PRINCON PRINCOR CONCENTRATED
PRINLCV PRINCOR LARGE CAP VALUE
PRINPART PRINCOR SMALL CAP GROWTH
UFEG UNIVERSAL EQUITY GROWTH
8716 CIGNA
