<PAGE> 1
NUVEEN PROXY SOLICITATION
Proxy Solicitation Phone Script
PURPOSE OF CALL: TO CONTACT SHAREHOLDERS WHO WERE SENT PROXY INFORMATION, STATE
THE IMPORTANCE OF VOTING, AND EMPHASIZE THAT THEIR BALLOT MUST BE RECEIVED
BEFORE NOVEMBER 12, 1998.
1. Hello, Mr./Mrs. {shareholder last name}. My name is {rep's name}. I am
calling on behalf of the Flagship Utility Income Fund regarding the
upcoming shareholder meeting on November 12, 1998. Do you have a moment?
2. HAVE YOU RECEIVED PROXY MATERIAL REGARDING THE SHAREHOLDER MEETING?
- - IF NO:
(Confirm current address and arrange to have a duplicate set of
material mailed to the shareholder.) If you have any questions
or need assistance once you receive the material, please call us
at 1-800-257-8787.
- - IF YES: HAVE YOU HAD A CHANCE TO REVIEW THE MATERIAL?
IF NO: (Briefly explain the proposals to be discussed at the meeting,
and the Board's recommendation for voting on the proposals.)
THE BOARD UNANIMOUSLY RECOMMENDS A VOTE IN FAVOR OF ALL
PROPOSALS. Suggest that the shareholder read through the
materials, and vote by returning the proxy card in the envelope
provided. If you have any questions or need assistance please
call us at 1-800-257-8787.
IF YES: DO YOU HAVE ANY QUESTIONS?
- - IF YES:
Answer questions using only the proxy solicitation materials.
After answering all questions, inform the shareholder that
he/she may vote by signing, dating and mailing the proxy card in
the envelope provided. (REMIND THE SHAREHOLDER THAT THEIR VOTE
MUST BE RECEIVED BY THE MEETING DATE, NOVEMBER 12, 1998. IN
ORDER TO AVOID ANY DELAYS, THEY SHOULD VOTE THEIR PROXY AS SOON
AS THEY HAVE READ THE MATERIAL.) Thank the shareholder and end
the call.
- - IF NO:
Regardless of the size of your holdings, your vote is
important. Please take the time to vote by signing, dating, and
returning your proxy card in the envelope provided. (REMIND THE
SHAREHOLDER THAT THEIR VOTE MUST BE RECEIVED BY THE MEETING
DATE, NOVEMBER 12, 1998. IN ORDER TO AVOID ANY DELAYS, THEY
SHOULD VOTE THEIR PROXY AS SOON AS THEY HAVE READ THE
MATERIAL.) Thank the shareholder and end the call.
<PAGE> 2
NUVEEN PROXY SOLICITATION
INSTRUCTIONS FOR LEAVING A MESSAGE ON AN ANSWERING MACHINE
Hello, my name is [rep's name]. I am calling on behalf of the Flagship Utility
Income Fund in regard to it's upcoming shareholder meeting on November 12,
1998. Your vote is important. At your earliest convenience please sign, date
and mail the proxy card in the return envelope provided. If you have not
received your proxy materials, or have questions or need assistance, please
call us at 1-800-257-8787.
