The Fund adjusts the classification of distributions to shareholders to reflect
the differences between financial statement amounts and distributions determined
in accordance with income tax regulations. Accordingly, during the year ended
October 31, 2000, amounts have been reclassified to reflect a decrease in
undistributed net investment income of $47,844. Accumulated net realized loss on
investments was decreased by the same amount. Net assets of the Fund were
unaffected by the reclassifications.
