Attachment to Form N-SAR for Fortis Growth Fund, Inc.
Sub-item 77C:
At a special meeting of shareholders of Fortis Growth
Fund, Inc., held on September 14, 2000, the following
individuals were elected as directors: Richard W.
Cutting, Allen R. Freedman, Dr. Robert M. Gavin, Jean
L. King, Dean C. Kopperud, Phillip O. Peterson, Robb L.
Prince, Leonard J. Santow, Noel F. Schenker, Dr. Lemma
W. Senbet and Joseph M. Wikler. Greater than 95% of
the Fund's outstanding shares that were present at the
meeting were voted affirmatively for each of the
directors elected at this meeting.
At this same meeting, shareholders approved the
following proposals:
- The elimination or modification of certain
fundamental investment policies, namely:
- The policies regarding borrowing and the
issuance of senior securities were modified so
that the Fund will not borrow money or issue
senior securities, except as permitted under the
Investment Company Act of 1940, as amended, and as
interpreted or modified from time to time by any
regulatory authority having jurisdiction. The
shareholders of the Fund voting on this
modification approved the proposal, with
14,820,968 voting "for" and 957,603 voting
"against" the proposal.
- The policy regarding concentration in a
particular industry was modified so that the Fund
will not concentrate its investments in a
particular industry, as that term is used in the
Investment Company Act of 1940, as amended, and as
interpreted or modified from time to time by any
regulatory authority having jurisdiction. For
purposes of this limitation, the U.S. Government,
and state or municipal governments and their
political subdivisions, are not considered members
of any industry. The shareholders of the Fund
voting on this modification approved the proposal,
with 14,973,745 voting "for" and 799,560 voting
"against" the proposal.
- The policy regarding the underwriting of
securities was modified. As a result of this
modification, the Fund will not act as an
underwriter of securities of other issuers, except
to the extent that, in connection with the
disposition of portfolio securities, it may be
deemed an underwriter under applicable laws. The
shareholders of the Fund voting on this
modification approved the proposal, with
15,038,081 voting "for" and 701,709 voting
"against" the proposal.
- The policy regarding investments in real estate
was modified so that the Fund will not purchase or
sell real estate unless acquired as a result of
ownership of securities or other instruments, but
this shall not prevent the Fund from investing in
securities or other instruments backed by real
estate or interests therein or in securities of
companies that deal in real estate or mortgages.
The shareholders of the Fund voting on this
modification approved the proposal, with
14,934,142 voting "for" and 823,982 voting
"against" the proposal.
- The policy regarding the purchase of commodities
was modified so that the Fund will not purchase
physical commodities or contracts relating to
physical commodities. The shareholders of the
Fund voting on this modification approved the
proposal, with 14,768,097 voting "for" and 997,184
voting "against" the proposal.
- The policy regarding lending was modified so
that the Fund may not make loans except as
permitted under the Investment Company Act of
1940, as amended, and as interpreted or modified
from time to time by any regulatory authority
having jurisdiction. The shareholders of the Fund
voting on this modification approved the proposal,
with 14,728,488 voting "for" and 1,036,724 voting
"against" the proposal.
- The policy restricting the Fund's ability to
pledge, mortgage or hypothecate its assets were
eliminated. The Fund originally adopted these
fundamental policies in order to comply with state
securities laws that no longer apply. The
shareholders of the Fund voting on this
modification approved the proposal, with
14,426,072 voting "for" and 1,281,115 voting
"against" the proposal.
- The policy prohibiting the short sales of
securities by the Fund was eliminated. The Fund
had adopted this policy in order to comply with
state securities laws that no longer apply. The
shareholders of the Fund voting on this
modification approved the proposal, with
14,413,898 voting "for" and 1,349,369 voting
"against" the proposal.
- The policy limiting the Fund from investing more
than 5% of the value of its assets in restricted
securities was eliminated. The shareholders of the
Fund voting on this modification approved the
proposal, with 14,519,463 voting "for" and
1,195,246 voting "against" the proposal.
- The policy prohibiting the Fund's investment in
options transactions was eliminated. The
shareholders of the Fund voting on this
modification approved the proposal, with
14,501,063 voting "for" and 1,215,730 voting
"against" the proposal.
- To ratify KPMG LLP as the independent public
accountants of Fortis Growth Fund, Inc. The
shareholders of the Fund voting on this modification
approved the proposal, with 16,832,297 voting "for" and
235,387 voting "against" the proposal.
