395

Net investment income (loss) and net realized gain (loss) may differ for financial statement

and tax purposes. The character of dividends and distributions made during the fiscal year

from net investment income or net realized gains may differ from their ultimate

characterization for federal income tax purposes. Also, due to timing of dividends and

distributions, the fiscal year in which amounts are distributed may differ from the fiscal year

in which the income or net realized gain was recorded by the Fund.

Accordingly, the following amounts have been reclassified for July 31, 2011. Net assets of the

Fund were unaffected by the reclassifications.

Reduction                      Reduction

      To Accumulated               to Accumulated Net

        Net Investment                          Realized Loss

     Income                         on Investments

-----------------------------------------------------------------------------------

                   $288,082                                     $288,082

740

Net investment income (loss) and net realized gain (loss) may differ for financial statement

and tax purposes. The character of dividends and distributions made during the fiscal year

from net investment income or net realized gains may differ from their ultimate characterization

for federal income tax purposes. Also, due to timing of dividends and distributions,

the fiscal year in which amounts are distributed may differ from the fiscal year in which

the income or net realized gain was recorded by the Fund.

Accordingly, the following amounts have been reclassified for July 31, 2011. Net assets of

the Fund were unaffected by the reclassifications.

 Reduction                    Increase to

       to Accumulated             Net Accumulated Net

Increase to                            Investment                          Realized Loss

                                          Paid-in Capital                                  Income                       on Investments

------------------------------------------------------------------------------------------------------------------------------

     $387,302                                  $15,611                                   $371,691

795

Net investment income (loss) and net realized gain (loss) may differ for financial statement

and tax purposes. The character of dividends and distributions made during the fiscal

year from net investment income or net realized gains may differ from their ultimate

characterization for federal income tax purposes. Also, due to timing of dividends and

distributions, the fiscal year in which amounts are distributed may differ from the fiscal

year in which the income or net realized gain was recorded by the Fund.

Accordingly, the following amounts have been reclassified for July 31, 2011. Net assets of

the Fund were unaffected by the reclassifications.

 Increase                   Increase

                     to Accumulated                to Accumulated Net

Reduction to                               Net Investment                          Realized Loss

            Paid-in Capital                                             Income                        on Investments

-------------------------------------------------------------------------------------------------------------------------------------------------------

   $2,206,955                                         $2,664,558                                   $457,603