(a)  Form of Amendment to the Agreement and Declaration of Trust designating
     Preferred Shares and an Amendment to the Bylaws is incorporated by
     reference to Post-Effective Amendment No. 38 to the Registrant's
     Registration Statement filed on Form N-2 as filed October 23, 2000.

(e)  Form of Investment Management Agreement between the Trust and Pilgrim
     Investments, Inc. is incorporated by reference to Post-Effective No. 38 to
     the Registrant's Registration Statement filed on Form N-2 as filed October
     23, 2000.