77 C. MATTERS SUBMITTED TO A VOTE OF SECURITY HOLDERS:
The Alger Retirement Fund
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At a Special Meeting of Shareholders on April 28, 2000, approving a slate
of Trustees and ratifying the selection of Fund auditors, an additional
matter came before the shareholders. A proposal was made to approve the
deletion of a fundamental policy of the Alger Capital Appreciation
Retirement Portfolio that permits the Portfolio to borrow from banks for
investment/leveraging purposes. The proposal did not carry. Out of the
25,109,1182 shares outstanding, 3,585,601 votes were in favor; 115,232
votes were against; and there were 48,927 abstentions.
