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SIGNATURE JACKIE PORTER
TITLE ASSISTANT TREASURER
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EXHIBIT INDEX
EXHIBIT A:
Attachment to item 77B:
Accountants report on internal control
EXHIBIT B:
Attachment to item 77C: Submission of matters to a vote of
Security holders.
- ------------------------------------------------------------
EXHIBIT A:
Report of Independent Accountants
To the Board of Directors and Shareholders of
Phoenix-Oakhurst Strategic Allocation Fund, Inc.
In planning and performing our audit of the financial
statements of Phoenix-Oakhurst Strategic Allocation Fund,
Inc. (formerly Phoenix Strategic Allocation Fund, Inc.)
for the year ended December 31, 1999, we considered its
internal control, including control activities for
safeguarding securities, in order to determine our
auditing procedures for the purpose of expressing our
opinion on the financial statements and to comply with the
requirements of Form N-SAR, not to provide assurance on
internal control.
The management of Phoenix-Oakhurst Strategic Allocation
Fund, Inc. is responsible for establishing and maintaining
internal control. In fulfilling this responsibility,
estimates and judgments by management are required to
assess the expected benefits and related costs of
controls. Generally, controls that are relevant to an
audit pertain to the entity's objective of preparing
financial statements for external purposes that are fairly
presented in conformity with generally accepted accounting
principles. Those controls include the safeguarding of
assets against unauthorized acquisition, use or
disposition.
Because of inherent limitations in internal control,
errors or fraud may occur and not be detected. Also,
projection of any evaluation of internal control to future
periods is subject to the risk that it may become
inadequate because of changes in conditions or that the
effectiveness of the design and operation may deteriorate.
Our consideration of internal control would not
necessarily disclose all matters in internal control that
might be material weaknesses under standards established
by the American Institute of Certified Public Accountants.
A material weakness is a condition in which the design or
operation of one or more of the internal control
components does not reduce to a relatively low level the
risk that misstatements caused by error or fraud in
amounts that would be material in relation to the
financial statements being audited may occur and not be
detected within a timely period by employees in the normal
course of performing their assigned functions. However,
we noted no matters involving internal control and its
operation, including controls for safeguarding securities,
that we consider to be material weaknesses as defined
above as of December 31, 1999.
This report is intended solely for the information and use
of management and Board of Directors of Phoenix-Oakhurst
Strategic Allocation Fund, Inc. and the Securities and
Exchange Commission and is not intended to be and should
not be used by anyone other than these specified parties.
PricewaterhouseCoopers LLP
February 11, 2000
EXHIBIT B:
RESULTS OF SHAREHOLDER MEETING (Unaudited)
A special meeting of Shareholders of the Phoenix Strategic
Allocation Fund, Inc. was held on October 27, 1999 to
approve the following matters:
1. Fix the number of trustees at twelve and elect such
number as detailed below.
2. Ratification of the selection of
PricewaterhouseCoopers LLP as the Fund's independent
auditors for the fiscal year ending December 31,
1999.
3. Approval of a change in the name of the Fund to
Phoenix-Oakhurst Strategic Allocation Fund, Inc.
On the record date for this meeting, there were 18,100,054
shares outstanding and 58.04% of the shares outstanding and
entitled to vote that were present by proxy.
NUMBER OF VOTES
For Withheld
1.Election of Trustees
Robert Chesek 10,052,620 453,539
E. Virgil Conway 10,043,458 462,701
Harry Dalzell-Payne 10,041,805 464,354
Francis E. Jeffries 10,046,960 459,199
Leroy Keith, Jr. 10,056,376 449,783
Philip R. McLoughlin 10,057,551 448,608
Everett L. Morris 10,042,383 463,776
James M. Oates 10,049,385 456,774
Calvin J. Pedersen 10,058,549 447,610
Herbert Roth, Jr. 10,041,740 464,419
Richard E. Segerson 10,055,043 451,116
Lowell P. Weicker, Jr. 10,018,296 487,863
2.PricewaterhouseCoopers LLP
For Against Abstain
9,960,833 93,669 451,657
3.Approval of name change
For Against Abstain
9,492,300 249,229 764,630
