Securities Purchased Pursuant to Rule 10F3
High Yield Bond Fund January to March 2000
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Security Purchased Comparison Security Comparison Security
Issuer Flag Telecom Holdings Ltd. Global Crossings Metromedia Fiber
Underwriters Salomon Smith Barney, Chase, CIBC Oppenheimer Salomon Smith Barney, DB Securities Chase, DB Securities,
DLJ, Goldman Sachs,
MSDW
Years of continuous
operation, including
predecessors > 3 years > 3 years > 3 years
Security FTHL 11.625%, 3/30/10 GBLX 9.5%, 11/15/09 MFNX 10%, 12/15/09
Is the affiliate a
manager or co-manager
of offering? co-manager no co-manager
Name of underwriter or
dealer from which
purchased Salomon Smith Barney n/a n/a
Firm commitment
underwriting? yes yes yes
Trade date/Date of
Offering 3/14/2000 11/12/1999 11/12/1999
Total dollar amount
of offering sold to
QIBs EUR 300,000,000 $1,100,000,000 $750,000,000
Total dollar amount
of any concurrent
public offering - - -
Total EUR 300,000,000 $1,100,000,000 $750,000,000
Public offering price 100.000 98.249 99.201
Price paid if other
than public offering
price same n/a n/a
Underwriting spread or
commission not available -- offering private placement 0.5%
was a private placement
Rating B2/B Ba2/BB B2/B+
Current yield 11.63% 9.67% 10.08%
Total par value
purchased $5,000,000 n/a n/a
$ amount of purchase $5,000,000 n/a n/a
% of offering purchased
by fund 1.667% n/a n/a
% of offering purchased
by associated funds 0.000% n/a n/a
Total 1.667% n/a n/a
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