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 Spectrasite Holdings, Inc. Pinnacle Holdings Crown Castle
Underwriters MSDW, CIBC World Markets, Goldman Sachs, Bank of Goldman Sachs
CSFB, DB Alex. Brown, Lehman America
Brothers, BMO Nesbitt Burns,
Scotia Capital
Years of continuous
operation, including
predecessors > 3 years > 3 years > 3 years
Security SITE 12.875%, 3/15/00 BIGT 10%, 3/15/08 TWRS 9.5%, 8/1/11
Is the affiliate a
manager or co-manager
of offering? co-manager no no
Name of underwriter or
dealer from which
purchased MSDW n/a n/a
Firm commitment
underwriting? yes yes yes
Trade date/Date of
Offering 3/10/2000 3/15/2000 8/3/1999
Total dollar amount of
offering sold to QIBs $559,800,000 $325,000,000 $125,000,000
Total dollar amount of
any concurrent public
offering $- $324,750,000 $-
Total $559,800,000 $649,750,000 $125,000,000
Public offering price 53.586 61.47 not available --
offering was a private
placement
Price paid if other
than public offering
price same n/a n/a
Underwriting spread or
commission not available -- offering not available -- offering not available --
was a private placement was a private placement offering was a private
placement
Rating B3/B- B3/B B3/B
Current yield 24.03% 16.27% n/a
Total par value
purchased $3,000,000 n/a n/a
$ amount of purchase $1,607,580 n/a n/a
% of offering purchased
by fund 0.005% n/a n/a
% of offering purchased
by associated funds 0.000% n/a n/a
Total 0.005% n/a n/a
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