The undersigned, being a person required
to file a statement under Section 16(a)
of the Securities Exchange Act of 1934,
as amended (the '1934 Act'),with respect
to the First Trust/Fiduciary Asset
Management Covered Call Fund, a
Massachusetts business trust, hereby
authorizes, designates and appoints
Susan Steiner to act as attorney-in-fact
to execute and file statements on Form 3,
Form 4 and Form 5 and any successor forms
adopted by the Securities Exchange
Commission, as required by the 1934 Act
and the Investment Company Act of 1940,
as amended, and the rules thereunder, and
to take such other actions as such
attorney-in-fact may deem necessary or
appropriate in connection with such
statements, hereby confirming and
ratifying all actions that such
attorney-in-fact has taken or may take
in reliance hereon.  This power of
attorney shall continue in effect until
the undersigned no longer has an
obligation to file statements under
the section cited above, or until
specifically terminated in writing
by the undersigned.

IN WITNESS WHEREOF, the undersigned
has duly executed this power of
attorney on the 17 day of September, 2007.




Signature




/s/ K. Timothy Swanson