Sub-Item 77D - Policies with respect to security investments Y
Change to investment restriction of Aetna High
Yield Fund - now permitted to invest up to 35%
(from 25%) of its total assets in foreign securities.
Change to investment strategy of Aetna Growth and
Income Fund - reduced emphasis on real estate and
fixed income securities.
Sub-Item 77I - Terms of New or Amended Securities Y
Pursuant to the Articles Supplementary for Aetna Series
Fund, Inc. ("Corporation"), effective February 11,
2000, the Board of Directors of the Corporation
designated and classified six hundred million
(600,000,000) shares of stock of the
Corporation into 2 new series, Aetna Principal
Protection Fund III and Aetna Technology Fund, as follows:
Name of Series
Class of Series
Number of Shares Allocated
Aetna Principal Protection Fund III
Class A
100,000,000
Class B
100,000,000
Aetna Technology Fund
Class I
100,000,000
Class A
100,000,000
Class B
100,000,000
Class A
100,000,000
Pursuant to the Articles Supplementary
for the Corporation, effective April 21,
2000, the Board of Directors of the
Corporation designated and classified
two hundred million (200,000,000) shares
of stock of the Corporation into a new series,
Aetna Principal Protection Fund IV, as follows:
Name of Series
Class of Series
Number of Shares Allocated
Aetna Principal Protection Fund IV
Class A
100,000,000
Class B
100,000,000
Each new series has the preferences,
rights, voting powers, restrictions,
limitations as to dividends, qualifications,
conversion rights, and terms and conditions
of redemption of shares as referred to in
the Articles Supplementary. Class B shares
automatically convert to Class A shares
after 8 years.
EXHIBITS
77Q1(a) - Articles Supplementary:
Articles Supplementary
(February 11, 2000)
Incorporated herein by reference
to Post-Effective Amendment No. 38
to Registration Statement on Form N-1A,
(File No. 33-41694), as filed electronically
with the Securities and Exchange Commission
on February 23, 2000.
Articles Supplementary (April 21, 2000)
Incorporated herein by reference to
Post-Effective Amendment No. 40 to
Registration Statement on Form N-1A,
(File No. 33-41694), as filed electronically
with the Securities and Exchange
Commission on June 28, 2000.
77Q1(b) - text of proposal described in 77D
Change to Investment Restriction -
Aetna High Yield Fund
Aetna High Yield Fund, a series of Aetna
Series Fund, Inc. (the "Series"), amended
its investment restriction to permit the
Series to invest up to 35% of its total
assets in foreign securities.
Change to Principal Investment Strategies
- Aetna Growth and Income Fund
Aetna Growth and Income Fund,
a series of Aetna Series Fund, Inc.
(the "Series"), amended its investment
strategy to reduced emphasis on real estate
and fixed income securities.
.
77Q1(e) - Investment Advisory Agreements:
Investment Advisory Agreement for Aetna
Principal Protection Fund III and Investment
Advisory Agreement for Aetna Technology Fund:
Incorporated herein by reference to Post-Effective
Amendment No. 38 to Registration Statement on
Form N-1A, (File No. 33-41694), as filed
electronically with the Securities and
Exchange Commission on February 23, 2000.
Investment Advisory Agreement for Aetna
Principal Protection Fund IV:
Incorporated herein by reference to
Post-Effective Amendment No. 40 to
Registration Statement on Form N-1A,
(File No. 33-41694), as filed electronically
with the Securities and Exchange Commission
on June 28, 2000.
2
2ELV636.DOC
