PILGRIM PRIME RATE TRUST
NSAR-A, EX-99.77.I, 2000-10-30
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On July 26, 2000, the Board of Directors approved an Amendment to the Agreement
and Declaration of Trust to add the Preferred Shares. The Amendment to the
Agreement and Declaration of Trust designating Preferred Shares is incorporated
by reference to Post-Effective Amendment No. 38 to the Registration Statement on
Form N-2 as filed on October 23, 2000.


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