Change in
Independent Auditor (unaudited)

Based on the  recommendation  of the Audit  Committee of the Fund,  the Board of
Trustees  has  determined  not to retain  Deloitte  & Touche  LLP as the  Fund's
Independent   Registered   Public   Accounting   Firm  and   voted  to   appoint
PricewaterhouseCoopers  LLP for the fiscal year ending July 31, 2006. During the
two most recent fiscal years, Deloitte & Touche LLP's audit reports contained no
adverse opinion or disclaimer of opinion; nor were their reports qualified as to
uncertainty,  audit  scope or  accounting  principles.  Further,  there  were no
disagreements  between  the  Fund  and  Deloitte  &  Touche  LLP  on  accounting
principles,  financial  statements  disclosures  or audit scope,  which,  if not
resolved to the satisfaction of Deloitte & Touche LLP, would have caused them to
make reference to the disagreement in their reports.