Sub-item 77D: Policies with respect to security investments

The Fund currently has a non-fundamental investment objective of investing
primarily in convertible securities with the objectives of providing income and
the potential for capital appreciation (which objectives the Fund considers to
be relatively equal due to the nature of the securities in which it invests).

Also, the Fund currently has a fundamental investment policy providing that
under normal market conditions it will invest at least 65% of its total assets
in convertible securities (that is, bonds, debentures, corporate notes or
preferred stock that are convertible into common stock) and common stock
received upon conversion or exchange of securities and retained in the Fund's
portfolio to permit orderly disposition or to establish long-term holding
periods for federal income tax purposes.

The Fund has eliminated the following two non-fundamental policies:

(1) The Fund expects that a substantial majority of its assets will consist of
convertible securities; and

(2) The Fund will invest, under normal circumstances, at least 80% of the value
of its assets (consisting of net assets plus the amount of any borrowings for
investment purposes) in convertible securities.

These non-fundamental changes became effective as of January 31, 2006.  Fund
shareholders were provided 60 days notice of these changes in November 2005.