Exhibit 77D

Change in Investment Policies

The Fund currently has a non-fundamental investment objective of investing
primarily in convertible securities with the objectives of providing income and
the potential for capital appreciation (which objectives the Fund considers to
be relatively equal due to the nature of the securities in which it invests).

The Board has approved the following new investment policy for the Fund:  The
Fund will invest, under normal circumstances, at least 65% of the value of its
assets (consisting of net assets plus the amount of any borrowing for
investment purposes) in convertible securities.

The Board has eliminated the following non-fundamental policy:  The Fund will
invest, under normal circumstances, at least 80% of the value of its assets
(consisting of net assets plus the amount of any borrowings for investment
purposes) in convertible securities.

These changes became effective as of September 29, 2006.  Fund shareholders
were provided 60 days notice of these changes in July 2006.