The Trust 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 a decrease in
paid-in capital of $4,688,940, a decrease in undistributed net investment income
of $439,604, and a decrease in accumulated net realized loss on investments of
$5,128,544. Net assets of the Trust were unaffected by the reclassifications. As
noted in the Statement of Changes in Net Assets, the Trust realized a tax return
of capital of $4,688,650.
