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SIGNATURE EDWARD FACKENTHAL
TITLE ASSISTANT SECRETARY
ATTACHMENT TO ITEM 77 C TO NSAR
At the annual meeting of the shareholders held on December 21, 1995
the following items were submitted to the shareholders:
I
Election of Directors
The Chairman of the meeting entertained nominations for
directors for the ensuing year. Nominations by management were the
existing board of John H. McCoy, Joseph V. Somers, Francis J. Rainer,
Thomas F. Kilcullen, Jr. and George W. Connell.
II
Reemployment of Auditors
The board reviewed the performance of Ernst & Young, Reading,
Pennsylvania, as the Company's auditors for the fiscal year ending
August 31, 1995 and recommended to the shareholders that the firm be
re-employed as the auditors for the fiscal year ending August 31, 1996.
III
Reemployment of Advisor
Since December 9, 1992, Rittenhouse Financial Services, Inc. (RFS)
has served as the Company's investment advisor. RFS was nominated to
serve as advisor for the ensuing year.
Shares voting for the three resolutions were 3,686,107 of a total
of 4,283,655 shares outstanding; there were no votes against.
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