PREFERRED INCOME STRATEGIES FUND, INC.

FILE # 811-21286

ATTACHMENT 77O

TRADE DATE	DESCRIPTION OF SECURITY	ISSUE SIZE	AMOUNT PURCHASED	LIST OF UNDERWRITERS
6/1/2005	Barclays Bank 6/29/49	$1,000,000,000	$27,980,000	Barclays Capital Sec BNP Paribas Sec Citigroup Credit Suisse First Boston Goldman Sachs JP Morgan Merrill Lynch Morgan Stanley UBS Securities Deutsche Bank Wachovia Capital Mkts.
6/9/2005	Metlife	$60,000,000	$1,260,000	Banc of America Goldman Sachs Merrill Lynch Citigroup Lehman Brothers Morgan Stanley UBS Securities Wachovia Capital Robert W. Baird & Co. Deutsche Bank A.G. Edwards HSBC Secs. (USA) J.J.B. Hilliard Janney Montgomery JP Morgan KeyBanc Capital Markets Morgan Keegan RBC Dain Rauscher Raymond James Charles Schwab Wells Fargo Advest BB&T Capital Markets M.R. Beal Blaylock & Co. Davenport & Co. Ferris, Baker Watts Inc. Guzman & Co. H&R Block Legg Mason Muriel Siebert Oppenheimer & Co. Piper Jaffray Samuel A. Ramirez
7/12/2005	Prudential PLC. 6.50%	$12,000,000	$100,000	Citigroup Merrill Lynch & Co. Morgan Stanley UBS Investment Bank Wachovia Securities A.G. Edwards RBC Dain Rauscher
7/26/2005	CIT Group	$14,000,000	$855,000	Goldman Sachs & Co. Lehman Brothers Inc. Merrill Lynch Citigroup Global Markets JP Morgan Securities Wachovia Capital Markets Bear Stearns & Co. BNP Paribas Securities HSBC Securities
9/28/2005	Axis Capital Holdings	$10,000,000	$140,000	Banc of America Merrill Lynch Citigroup Morgan Stanley Wachovia Capital Deutsche Bank A.G. Edwards HSBC Secs. (USA) Barclays Capital Inc. Credit Suisse First Boston LLC Greenwich Capital Markets H&R Block Financial Advisors Key Banc Capital Markets Legg Mason Wood Walker Oppenheimer & Co. Piper Jaffray & Co. JP Morgan Bear Stearns Charles Schwab RBC Dain Rauscher TD Waterhouse Investor Srvs. Wells Fargo Securities ABN AMRO Inc. Advest B.C. Ziegler & Co. BB&T Capital Markets C.L. King & Associates D.A. Davidson & Co. Davenport & Co LLC Doley Securities Inc. Ferris, Baker Watts, Inc. Guzman & Co. J.J.B. Hilliard, W.L. Lyons Inc. Janney Montgomery Scott LLC Keefe, Bruyette & Woods, Inc. Mesirow Financial, Inc. Morgan Keegan & Co, Inc. Pershing LLC Robert W. Baird & Co. Inc. Ryan Beck & Co. Inc. Stifel, Nicolaus & Co, Inc. Wedbush Morgan Securities William Blair & Co, LLC.
10/6/2005	Endurance Specialty Holdings	$8,000,000	$139,200	Deutsche Bank Securities Merrill Lynch & Co. Citigroup JPMorgan Morgan Stanley Wachovia Securities Banc of America Securities LLC HSBC