<DOCUMENT>
<TYPE>EX-99.77D POLICIES
<SEQUENCE>2
<FILENAME>rqi77d.txt
<DESCRIPTION>POLICIES
<TEXT>
ITEM 77D: The board of directors approved amendments to certain
investment policies to provide that, under normal market conditions,
the fund may invest up to 20% of its total assets in preferred and
other fixed income securities. The board also approved amendments to
eliminate the non-fundamental investment restriction regarding the
purchase of securities on margin. In addition, the board of directors
approved amendments to permit the fund to write call options on
up to 25% of its managed assets.
</TEXT>
</DOCUMENT>
