Item 77.C
On December 1, 1999 OLDE Financial Corporation and its subsidiaries,
including OLDE Asset Management, Inc. were acquired by H&R Block, Inc., through
Block Financial Corporation. This transaction resulted in an "assignment" of
the advisory agreements between OLDE Asset Management, Inc. (the "Advisor") and
each of the three series of the Fund. The advisory agreements terminated
automatically upon this assignment. The Adviser continued to act as adviser to
each series pursuant to an exemption granted by the SEC while seeking
shareholder approval of new advisory agreements.
Special Meetings of the shareholders of each series were scheduled for
January 18, 2000, but quorums were not present for any of the three series.
The meetings were adjourned until March 3, 2000. At that time, a quorum was
present fo OLDE Premium Money Market Series and OLDE Premium Plus Money Market
Series. The shareholders approved the new advisory agreements as follows:
OLDE Premium Money Market Series:
By proxy In person Total % of Voted
For 159,101,958 0 159,101,958 79.40%
Against 11,550,350 0 11,550,350 5.76%
Abstain 29,732,091 0 29,732,091 14.84%
Accordingly, the Advisory Agreement between OLDE Asset Management, Inc. and
OLDE Premium Money Market Series was approved.
OLDE Premium Plus Money Market Series:
By proxy In person Total % of Voted
For 1,170,651,403 779,287 1,171,430,690 80.81%
Against 97,238,226 0 97,238,226 6.71%
Abstain 180,971,893 0 180,971,893 12.48%
Accordingly, the Advisory Agreement between OLDE Asset Management, Inc. and
OLDE Premium Money Market Series was approved.
A quorum was not present for OLDE Money Market Series and the meeting was
adjourned until April 7, 2000. At that time a quorum was present and the
shareholders approved the new advisory agreement as follows:
By proxy In person Total % of Voted
For 218,062,005 0 218,062,005 77.29%
Against 19,698,818 0 19,698,818 6.98%
Abstain 44,387,200 0 44,387,200 15.73%
Accordingly, the Advisory Agreement between OLDE Asset Management, Inc. and
OLDE Money Market Series was approved.
