RFI,


Exhibit 77Q1(b)

Changes to Derivatives Policies

The Board of Directors, at its June 9-10, 2009 meeting, expanded the Fund's
universe of permissible derivatives transactions. The Fund may, but is not
required to, use, without limit, various strategic transactions described
below to seek to generate return, facilitate portfolio management and mitigate
risks. Although the investment manager may seek to use these kinds of
transactions to further the Fund's investment objectives, no assurance can be
given that they will achieve this result. The Fund may enter into
exchange-listed and over-the-counter put and call options on securities
(including securities of investment companies and baskets of securities),
indexes, and other financial instruments; purchase and sell financial futures
contracts and options thereon; enter into various interest rate transactions,
such as swaps, caps, floors or collars or credit transactions; equity index,
total return and credit default swaps; forward contracts; and structured
investments. In addition, the Fund may enter into various currency
transactions, such as forward currency contracts, currency futures contracts,
currency swaps or options on currency or currency futures. The Fund also may
purchase and sell derivative instruments that combine features of these
instruments. The Fund may invest in other types of derivatives, structured and
similar instruments which are not currently available but which may be
developed in the future. Collectively, all of the above are referred to as
"Derivatives Transactions."

Derivatives Transactions can be highly volatile and involve various types and
degrees of risk, depending upon the characteristics of the particular
derivative, including the imperfect correlation between the value of such
instruments and the underlying assets, the possible default of the other party
to the transaction and illiquidity of the derivative instruments. Derivatives
Transactions may entail investment exposures that are greater than their cost
would suggest, meaning that a small investment in derivatives could have a
large potential impact on the Fund's performance, effecting a form of
investment leverage on the Fund's portfolio. In certain types of Derivatives
Transactions the Fund could lose the entire amount of its investment; in other
types of Derivatives Transactions the potential loss is theoretically
unlimited.  The market for many derivatives is, or suddenly can become,
illiquid. Changes in liquidity may result in significant, rapid and
unpredictable changes in the prices for Derivatives Transactions. The Fund
could experience losses if it were unable to liquidate its position because
of an illiquid secondary market. Successful use of Derivatives Transactions
also is subject to the ability of the Investment Manager to predict correctly
movements in the direction of the relevant market and, to the extent the
transaction is entered into for hedging purposes, to ascertain the appropriate
correlation between the transaction being hedged and the price movements of
the derivatives.  Derivatives Transactions entered into to seek to manage the
risks of the Fund's portfolio of securities may have the effect of limiting
gains from otherwise favorable market movements. The use of Derivatives
Transactions may result in losses greater than if they had not been used (and
a loss on a Derivatives Transaction position may be larger than the gain in a
portfolio position being hedged), may require the Fund to sell or purchase
portfolio securities at inopportune times or for prices other than current
market values, may limit the amount of appreciation the Fund can realize on an
investment, or may cause the Fund to hold a security that it might otherwise
sell.  Amounts paid by the Fund as premiums and cash or other assets held as
collateral with respect to Derivatives Transactions may not otherwise be
available to the Fund for investment purposes.

The use of currency transactions can result in the Fund incurring losses as a
result of the imposition of exchange controls, political developments,
government intervention or failure to intervene, suspension of settlements or
the inability of the Fund to deliver or receive a specified currency.
Structured notes and other related instruments carry risks similar to those of
more traditional derivatives such as futures, forward and option contracts.
However, structured instruments may entail a greater degree of market risk and
volatility than other types of debt obligations.

The Fund will be subject to credit risk with respect to the counterparties to
certain Derivatives Transactions entered into by the Fund. Derivatives may be
purchased on established exchanges or through privately negotiated
transactions referred to as over-the-counter ("OTC") derivatives.
Exchange-traded derivatives generally are guaranteed by the clearing agency
which is the issuer or counterparty to such derivatives. However, many futures
exchanges and boards of trade limit the amount of fluctuation permitted in
futures contract prices during a single trading day and once the daily limit
has been reached in a particular contract no trades may be made that day at a
price beyond that limit or trading may be suspended. There also is no
assurance that sufficient trading interest to create a liquid secondary market
on an exchange will exist at any particular time and no such secondary market
may exist or may cease to exist. Each party to an OTC derivative bears the
risk that the counterparty will default.  OTC derivatives are less liquid than
exchange-traded derivatives because the other party to the transaction may be
the only investor with sufficient understanding of the derivative to be
interested in bidding for it. If a counterparty becomes bankrupt or otherwise
fails to perform its obligations under a derivative contract due to financial
difficulties, the Fund may experience significant delays in obtaining any
recovery under the derivative contract in bankruptcy or other reorganization
proceeding. The Fund may obtain only a limited recovery or may obtain no
recovery in such circumstances.

The Fund will not be a commodity pool (i.e., a pooled investment vehicle which
trades in commodity futures contracts and options thereon and the operator of
which is registered with the Commodity Futures Trading Commission). In
addition, the Fund has claimed an exclusion from the definition of commodity
pool operator and, therefore, is not subject to registration or regulation as
a pool operator under the Commodity Exchange Act.