Securities Purchased Pursuant to Rule 10F3
Fixed Income Fund Fourth Quarter 1999
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Security Purchased Comparison Security Comparison Security
Issuer Ford Motor Credit General Motors Dow Chemical
Underwriters Bank of America, Morgan Bear Stears, Merrill Lynch, Merrill Lynch & Co.
Stanley Dean Witter, Bear Salomon Brothers, ABN Amro,
Stears, Chase Securities, MS Dean Witter, Williams
DB Securities, Lehman, Capital Group LP
Goldman, Merrill Lynch,
Salomon Smith Barney,
Warburg Dillon Read
Years of continuous
operation, including
predecessors > 3 years > 3 years > 3 years
Security FORD 7.375%, 10/28/09 GM 6.375%, 5/1/08 DOW 5.97%, 1/15/09
Is the affiliate a
manager or co-manager
of offering? co-manager no no
Name of underwriter or
dealer from which
purchased Morgan Stanley n/a n/a
Firm commitment
underwriting? yes yes Exchange offering for
outstanding bonds
Trade date/Date of
Offering 10/21/1999 4/21/1998 2/5/1999
Total dollar amount
of offering sold
to QIBs $- $- $-
Total dollar amount
of any concurrent
public offering $5,000,000,000 $1,600,000,000 $293,932,000
Total $5,000,000,000 $1,600,000,000 $293,932,000
Public offering price 99.812 99.71 Exchange offering for
outstanding bonds
Price paid if other
than public offering
price same n/a n/a
Underwriting spread or
commission 0.43% 0.45% Exchange offering for
outstanding bonds
Rating A1/A A2/A A1/A
Current yield 7.40% 6.39% 6.68%
Total par value
purchased $28,300,000 n/a n/a
$ amount of purchase $28,246,796 n/a n/a
% of offering purchased
by fund 0.57% n/a n/a
% of offering purchased
by associated funds 0.00% n/a n/a
Total (must be less
than 25%) 0.57% n/a n/a
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