Form N-SAR
Item 77 D
Policies With Respect to Security Investments
The RBB Fund, Inc.

1. On July 21, 2016, the Board of Directors of The RBB Fund, Inc.
approved a Plan of Liquidation and Termination (the "Plan")
for the Schneider Value Fund (the "Fund").

Effective July 29, 2016, purchases into the Fund were no
longer be permissible, and all redemption fees would be
waived.  On or about August 30, 2016, the Liquidation Sate,
the Fund redeemed all investors' shares at net asset
value.  Investors holding shares of the Fund on the
Liquidation Date received cash representing proceeds from the
redemption.

The RBB Fund, Inc. incorporates herein by reference the
supplement dated July 25, 2016 that was filed electronically
with the SEC on July 25, 2016.
 (Accession No. 0001104659-16-134137).