<DOCUMENT>
<TYPE>EX-99.77Q1 OTHR EXHB
<SEQUENCE>5
<FILENAME>rnp77q1b.txt
<DESCRIPTION>OTHER
<TEXT>
EXHIBIT 77Q1 (b): The board of directors approved amendments to
eliminate the non-fundamental investment restriction regarding
the purchase of securities on margin. The board of directors also
approved amendments to permit the fund to write call options on up
to 25% of its net assets. Call options would be written on both
indices and securities. The fund may write call options on
"broad-based" equity indexes, as well as on narrower market
indexes, such as those in respect of select sectors. The fund
also may write options on exchange-traded funds and other similar
instruments designed to correlate with the performance of an
equity index or market segment. Finally, the fund may write
options on select sectors and single stocks. The Fund may write
listed/exchange-traded options contracts, as well as unlisted
or "over-the-counter" options contracts, particularly with
respect to options on foreign securities or indexes.
</TEXT>
</DOCUMENT>
