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<PAGE>
[WSW LETTERHEAD]
On June 26, 1998 an N-30D submission was mistakenly filed under CIK no.
0000946110. The Accession no. for the mistaken filing was 0000889812-98-001620.
The filing was subsequently made on June 29, 1998 under the correct CIK
no. 0000790184.
Please disregard the erroneously filed N-30D.
Thank you,
Brian A. Kammerer
Vice President
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