The Fund adjusts the classification of distributions to shareholders to reflect
the differences between financial statement amounts and distributions determined
in accordance with income tax regulations. Accordingly, during the year ended
August 31, 2002, amounts have been reclassified to reflect an increase in
paid-in capital of $3,581,532, a decrease in undistributed net investment income
of $2,508,754, and an increase in accumulated net realized loss on investments
of $1,072,778. This reclassification includes $1,993,685 distributed in
connection with Fund share redemptions which increased paid-in capital and
reduced accumulated net realized gain. Net assets of the Fund were unaffected by
the reclassifications.