EX-99.77K


                                                                  N-SAR ITEM 77K


                 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT


         On December 4, 2001, the Registrant selected Arthur Andersen LLP
("Andersen") as its independent public accountant for the fiscal year ending
October 31, 2002. At a special meeting held on July 3, 2002, the Board of the
Registrant, including a majority of the Trustees who are not "interested
persons" (as defined in the Investment Company Act of 1940) of the Registrant,
elected to terminate the appointment of Andersen in light of recent events
involving that firm and selected Ernst & Young LLP as the Registrant's
independent public accountant for such fiscal year. The decision to change
accountants was approved by the Registrant's Audit Committee.

         Andersen's reports on the Registrant's financial statements for the
Registrant's two most recent fiscal years prior to the fiscal year ending
October 31, 2002 contained no adverse opinion or disclaimer of opinion, and
neither report was qualified or modified as to uncertainty, audit scope, or
accounting principles. During those fiscal years and the subsequent period
preceding Andersen's dismissal, there were no disagreements with Andersen on any
matter of accounting principles or practices, financial statement disclosure, or
auditing scope or procedure, and there were no reportable events of the kinds
listed in Item 304, paragraph (a)(1)(v), of Regulation S-K under the Securities
Exchange Act of 1934.

         Registrant has attempted to obtain from Andersen the letter
contemplated by paragraph (a)(3) of Item 304 stating whether Andersen agrees
with the statements made in the preceding paragraph and has been informed by
Andersen that, effective July 1, 2002, it no longer provides such letters.
Accordingly, pursuant to paragraph (b)(2) of temporary Item 304T, no such letter
is included in this filing.