Exhibit 77D - Policies with respect to security investments

The Board of Directors of The RBB Fund, Inc. approved
changes to the primary investment strategies and benchmark
for the Robeco Boston Partners Mid Cap Value Fund and to
the primary investment strategy for the Robeco Boston
Partners Small Cap Value Fund II at a meeting held on May
25, 2006.

The RBB Fund, Inc. incorporates herein by reference the
supplement dated June 8, 2006 that was filed electronically
with the SEC on June 8, 2006, (Accession No. 0000935069-06-001642).