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 Telewest Communications United Pan-Europe NTL Communications Corp
Communications
Underwriters DLJ, Bank of America Int'l DLJ, ABN Amro, Bank of n/a -- bonds issued in
Ltd., Deutsche Bank, Salomon America, CS First Boston, exchange for 144A
Smith Barney Goldman, ING Barings, Merrill securities
Lynch, MSDW, Paribas, Toronto
Dominion
Years of continuous
operation, including
predecessors > 3 years > 3 years > 3 years
Security TWT 9.875%, 2/1/10 UPCNA 11.25%, 2/1/10 NTLI 9.875%, 11/15/09
Is the affiliate a
manager or co-manager
of offering? co-manager no n/a
Name of underwriter or
dealer from which
purchased DLJ n/a n/a
Firm commitment
underwriting? yes yes yes
Trade date/Date of
Offering 1/19/2000 n/a n/a
Total dollar amount
of offering sold to
QIBs $350,000,000 $600,000,000 EUR 350,000,000
Total dollar amount
of any concurrent
public offering $350,000,000 - -
Total $700,000,000 $600,000,000 EUR 350,000,000
Public offering price 98.445 99.25 n/a -- bonds issued in
exchange for 144A
securities
Price paid if other
than public offering
price same n/a n/a
Underwriting spread
or commission 1.45% n/a -- private placement n/a -- bonds issued in
exchange for 144A
securities
Rating B1/B+ B2/B B3/B
Current yield 10.03% 11.34% n/a
Total par value
purchased $2,500,000 n/a n/a
$ amount of purchase $2,461,125 n/a n/a
% of offering
purchased by fund 0.004% n/a n/a
% of offering
purchased by
associated funds 0.000% n/a n/a
Total 0.004% n/a n/a
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