77c) Matters submitted to a vote of security holders:
At the Annual Meeting of Unitholders held on April 28, 2000,
unitholders approved an amendment to the investment management
agreement with respect to the Value Equity Fund, effective May 1, 2000.
The amended agreement raised the minimum rate of advisory fee
from .30% to .40% and raised the breakpoints (net assets under
management) at which the fee is stepped down from the
maximum .60% to the minimum .40%.
Units
FOR 834,307
AGAINST 7,323
ABSTAIN 931
