EX-99.77D POLICIES 5 item77d.htm INVESTMENT POLICIES
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                                                 Exhibit 77(d)(G)
                                  U.S. Large Cap Growth Portfolio


     Effective  November 1, 2005, the Board of Directors  of  the
U.S.  Large  Cap  Growth Portfolio (formerly, the  Equity  Growth
Portfolio) adopted a change in the Portfolio's primary investment
policy   (described   below)  to  better   reflect   the   market
capitalization focus of the Portfolio's investment strategy.   In
connection  with this change, the Portfolio's Board of  Directors
also adopted a change in the Portfolio's name (described below).

     The  Portfolio's new primary investment policy provides that
the  Portfolio will invest 80% of its assets in equity securities
of  large-cap  U.S.  issuers.  Large cap  equity  securities  are
defined as securities with market capitalization consistent  with
the  companies in the Russell 1000 Growth Index.  As of June  30,
2005,  these market capitalizations range between $457.2  million
and  $367.5  billion.   At June 30, 2005, 96.85%  of  the  fund's
holdings  fell  within the range of capitalization of  securities
included  in  the Russell 1000 Growth Index.  The fund  deems  an
issuer to be a U.S. issuer if (i) its securities are traded on  a
recognized stock exchange in the United States; (ii) alone or  on
a  consolidated  basis  it derives 50%  or  more  of  its  annual
revenues  from  either  goods produced, sales  made  or  services
performed in the United States; or (iii) it is organized or has a
principal  office  in the United States.  The  Portfolio  is  not
changing its investment objective.

     In  connection with the change in policy, the  Fund  changed
its name to U.S. Large Cap Growth Portfolio.