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SIGNATURE PATRICK F. QUAN
TITLE SECRETARY
ITEM 77 C
The Annual Meeting of Shareholders was held on November 21, 1996.
The proxy item which proposed an amendment to the registrant's
investment objective received 2,573,843 votes for, 20,376 votes
against and 78,305 abstentions.
ITEM 77 H
During the six-month period ended January 31, 1997, St. Mark's
School of Texas ceased to be a controlling person of the
registrant. On January 7, 1997, St. Mark's School redeemed their
entire account with the registrant.
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