<DOCUMENT>
<TYPE>EX-99.77D POLICIES
<SEQUENCE>2
<FILENAME>rnp77d.txt
<DESCRIPTION>POLICIES
<TEXT>
Item 77(D) - The Board of Directors approved a change to the Registrant's
investment policy, which increased the limitation on investments in below
investment grade securities from 10% to 20% of the Registrant's total
assets.
</TEXT>
</DOCUMENT>
