ITEM 77L Change in Accounting Principles and Practices

As required, effective January 1, 2001, the Trust has adopted the
provisionsof the AICPA Audit and Accounting Guide for Investment
Companies and began amortizing and accreting all premiums and
discounts on debt securities as required for adherence to generally
accepted accounting principles.  The financial statements and notes
 to financial statements have been adjusted accordingly for High
Yield Bond Portfolio, which were materially impacted bythis change.