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<TYPE>EX-99.A.2 CHARTER
<SEQUENCE>4
<FILENAME>ex-99a2.txt
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                                                             Exhibit a.2




                  DUFF & PHELPS SELECTED UTILITIES INC.

                           Articles of Amendment

      Duff & Phelps Selected Utilities Inc., a Maryland corporation having
its principal office in Baltimore, Maryland (hereinafter called the
corporation), hereby certifies to the State Department of Assessments and
Taxation of Maryland, that:

      FIRST: The Articles of Incorporation of the corporation are amended
as follows:

           Article FIFTH, Paragraph A of the Articles of Incorporation is
      deleted, and the following is inserted in lieu thereof:

                 A.   Authorized Stock. The total number of shares of stock
           that the corporation shall have the authority to issue is
           250,000,000 shares, all of one class called common stock, $.001
           par value per share (common stock), having an aggregate par
           value of $250,000.

      SECOND: The board of directors of the corporation, including all of
the directors of the corporation, on January 12, 1987 duly adopted a
resolution in which was set forth the foregoing amendment to the Articles
of Incorporation and approved the foregoing amendment.

      THIRD: The organizational meeting of the board of directors was held
on November 26, 1986. There is no stock of the corporation outstanding or
subscribed for entitled to be voted on the amendment.

      FIFTH:(a) The total number of shares of stock which the corporation
has heretofore authorized to issue is 100,000,000 shares, all of one class,
of the par value of $.001 per share and of the aggregate par value of
$100,000.

      (b) The total number of shares of stock which the corporation is
authorized to issue is increased by this amendment to 250,000,000 shares,
$.001 par value per share, and the aggregate par value of the authorized
shares is increased to $250,000.




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      IN WITNESS WHEREOF, Duff & Phelps Selected Utilities Inc. has caused
these articles to be signed in its name and on its behalf by its president
and attested by its secretary on January 13, 1987.

                                         DUFF & PHELPS SELECTED
                                          UTILITIES INC.


                                          By /s/ Richard J. Spletzer
                                             -------------------------------
                                                 Richard J. Spletzer
                                                 Senior Vice President



Attest:

/s/ Calvin J. Pedersen
-----------------------
Calvin J. Pedersen
Assistant Secretary

      The undersigned, senior vice president of Duff & Phelps Selected
Utilities Inc., who executed on behalf of the corporation the foregoing
articles of amendment, of which this certificate is made a part, hereby
acknowledges, in the name and on behalf of the corporation, the foregoing
articles of amendment to be the corporate act of the corporation and
further certifies that to the best of his knowledge, information and
belief, the matters and facts set forth therein with respect to the
approval thereof are true in all material respects, under the penalties of
perjury.


                                           /s/ Richard J. Spletzer
                                           ---------------------------
                                                 Richard J. Spletzer





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