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 an increase in
paid-in capital of $3,743,249, a decrease in accumulated net investment loss of
$2,893,654, and a decrease in accumulated net realized gain on investments of
$6,636,903. This reclassification includes $3,743,249 distributed in connection
with Fund share redemptions which increased paid-in capital and reduced
accumulated net realized gain. Net assets of the Fund were unaffected by the
reclassifications.
