<PAGE> PAGE 1
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 9
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SIGNATURE JOHN E. DENNEEN
TITLE SECRETARY
ROYCE FOCUS TRUST, INC.
Form N-SAR attachment for period ending 6/30/99
Item 77(C)
At the 1999 Annual Meeting of Stockholders held on April 28, 1999, the Fund's
stockholders: (i) approved an amendment to the Fund's Articles of
Incorporation changing its name to Royce Focus Trust, Inc. , (ii) elected the
board of directors, consisting of (a) Charles M. Royce, (b) Donald R. Dwight,
(c) Richard M. Galkin, (d) Stephen L. Isaacs, (e) William L. Koke and (f)
David L. Meister and (iii) ratified the selection of Tait, Weller & Baker as
independent accountants.
<TABLE>
<CAPTION>
Common Common Common
Stock Stock Stock
and and and Preferred Preferred Preferred
Preferred Preferred Preferred Stock Stock Stock
Stock Stock Stock Voting Voting Voting
Voting Voting Voting As A As A As A
Together Together Together Separate Separate Separate
As A As A As A Class - Class - Class -
Single Single Single Votes Votes Votes
Class - Class - Class - For Against Abstained
Votes Votes Votes
For Against Abstained
-------- --------- ---------- --------- --------- ----------
<S> <C> <C> <C> <C> <C> <C>
(i) 7,678,100.0476 237,937.2899 61,759.0435 N/A N/A N/A
(ii)
(a) 7,896,245.8871 N/A 81,550.4939 N/A N/A N/A
(b) 7,876,911.3569 N/A 100,885.0241 N/A N/A N/A
(c) 7,877,415.1793 N/A 100,381.2017 N/A N/A N/A
(d) N/A N/A N/A 769,122 N/A 6,760
(e) 7,878,815.1793 N/A 98,981.2017 N/A N/A N/A
(f) N/A N/A N/A 768,922 N/A 6,960
(iii) 7,897,483.9156 34,047.7953 46,264.6701 N/A N/A N/A
</TABLE>
ROYCE GLOBAL TRUST, INC.
ARTICLES OF AMENDMENT
Royce Global Trust, Inc., a Maryland corporation having its principal
office in the City of Baltimore, State of Maryland (hereinafter called
the "Corporation"), hereby certifies to the State Department of
Assessments and Taxation of Maryland:
FIRST: Article I of the Articles of Incorporation
of the Corporation is amended so as to read in its entirety as follows:
"ARTICLE I
NAME
The name of the Corporation is ROYCE FOCUS TRUST, INC."
SECOND: The amendment of the Articles of Incorporation
of the Corporation as hereinabove set forth has been duly
approved and advised by a majority of the entire board of directors and
has received the affirmative vote of a majority of the issued and
outstanding capital stock of the Corporation.
IN WITNESS WHEREOF, Royce Global Trust, Inc. has caused these Articles
of Amendment to be signed in its name and on its behalf by its Vice
President, Daniel A. O'Byrne, and witnessed by its Secretary, John E.
Denneen, on April 28, 1999.
The Vice President acknowledges these Articles of Amendment to
be the corporate act of the Corporation and states that to the best of
his knowledge, information and belief, the matters and facts set forth in
these Articles with respect to the authorization and approval of the
Amendment of the Corporation's Articles of Incorporation are true in all
material respects and that this statement is made under penalties of
perjury.
ROYCE GLOBAL TRUST, INC.
By: /s/ Daniel A. O'Byrne
Daniel A. O'Byrne, Vice President
[SEAL]
WITNESS: /s/ John E. Denneen
John E. Denneen, Secretary
[ARTICLE] 6
[RESTATED]
[CIK] 0000825202
[NAME] ROYCE FOCUS TRUST
[SERIES]
[NUMBER]
[NAME] ROYCE FOCUS TRUST
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 62635176
[INVESTMENTS-AT-VALUE] 72449470
[RECEIVABLES] 2060778
[ASSETS-OTHER] 584833
[OTHER-ITEMS-ASSETS] 16531
[TOTAL-ASSETS] 75111612
[PAYABLE-FOR-SECURITIES] 2797589
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 106061
[TOTAL-LIABILITIES] 2903650
[SENIOR-EQUITY] 20000000
[PAID-IN-CAPITAL-COMMON] 41386524
[SHARES-COMMON-STOCK] 8423
[SHARES-COMMON-PRIOR] 8423
[ACCUMULATED-NII-CURRENT] 496106
[OVERDISTRIBUTION-NII] 778112
[ACCUMULATED-NET-GAINS] 1280727
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 9814294
[NET-ASSETS] 52207962
[DIVIDEND-INCOME] 316638
[INTEREST-INCOME] 372985
[OTHER-INCOME] 0
[EXPENSES-NET] 330097
[NET-INVESTMENT-INCOME] 359526
[REALIZED-GAINS-CURRENT] (1286710)
[APPREC-INCREASE-CURRENT] 6422775
[NET-CHANGE-FROM-OPS] 5495591
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 745000
[NUMBER-OF-SHARES-SOLD] 0
[NUMBER-OF-SHARES-REDEEMED] 0
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 4750591
[ACCUMULATED-NII-PRIOR] 136580
[ACCUMULATED-GAINS-PRIOR] 2567437
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 317829
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 429276
[AVERAGE-NET-ASSETS] 44092622
[PER-SHARE-NAV-BEGIN] 5.63
[PER-SHARE-NII] .04
[PER-SHARE-GAIN-APPREC] .62
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] (.09)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 6.20
[EXPENSE-RATIO] 1.51
</TABLE>