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                                                       Exhibit n Under Form N-1A
                                               Exhibit 99 Under Item 601/Reg S-K

                             MULTIPLE CLASS PLAN


     This  Multiple  Class  Plan (this  "Plan")  is  adopted  by the  investment
companies (the "Multiple  Class  Companies")  identified in exhibits hereto (the
"Class Exhibits") as offering separate classes of shares ("Classes").

      1.    Purpose

          This Plan is  adopted  pursuant  to Rule  18f-3  under the  Investment
          Company Act of 1940, as amended (the "Rule"),  in connection  with the
          issuance  by the  Multiple  Class  Companies  and any  series  thereof
          (collectively  the  "Funds")  of more  than  one  Class of  shares  in
          reliance on the Rule. In  documenting  the exchange  features for each
          Class,  this plan describes the  arrangements  whereby shares of Funds
          may be exchanged for or from certain other investment  companies which
          are not part of this Plan. In documenting the separate arrangement for
          distribution  of each Class,  this Plan also sets forth the  schedules
          for  variations in sales loads and  contingent  deferred sales charges
          required by Rules 22d-1 and 6c-10, respectively.

       2.   Separate Arrangements/Class Differences

          The  arrangements  for  shareholders  services or the  distribution of
          shares,  or both,  for each Class shall be set forth in the applicable
          Class Exhibit hereto.

      3.    Expense Allocations

          Each Class shall be allocated those shareholder  service fees and fees
          and expenses  payable  under a Rule 12b-1 Plan  specified in the Class
          Exhibit.  In  addition  the  following  expenses  may be  specifically
          allocated  to each  Class  to the  extent  that  the  Fund's  officers
          determine  that such  expenses  are  actually  incurred in a different
          amount  by that  Class,  or that  the  Class  receives  services  of a
          different kind or to a different degree than other Classes:

               (a)  transfer agent fees;

               (b)  printing  and  postage  expenses  related to  preparing  and
                    distributing   materials   such  as   shareholder   reports,
                    prospectuses, and proxies to current shareholders;

               (c)  blue sky registration fees;

               (d)  SEC registration fees;

               (e)  the  expense of  administrative  personnel  and  services as
                    required to support the shareholders;

               (f)  litigation or other legal  expenses  relating  solely to one
                    Class; or

               (g)  other expenses incurred on behalf of the Class or for events
                    or activities pertaining exclusively to the Class.

     4.   Conversion and Exchange Features

          The conversion and exchange features for shares of each Class shall be
          as set forth in the applicable Class Exhibit hereto.

     5.   Amendment

          Any material amendment of this Plan or any Class Exhibit hereto by any
          Multiple Class Company is subject to the approval of a majority of the
          directors/trustees  of the  applicable  Multiple  Class  Company and a
          majority of the  directors/trustees  of the Multiple Class Company who
          are not interested persons of the Multiple Class Company,  pursuant to
          the Rule.