-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Vxg5cvL94WfaTfIyNy1J8zvVL7NQJTHe8sieHjPkio63E4eCaw2dlKvfT2BS4cQ3
 E5t1kmbPKSMcLZgpMLmTHQ==

<SEC-DOCUMENT>0000950123-10-022097.txt : 20100308
<SEC-HEADER>0000950123-10-022097.hdr.sgml : 20100308
<ACCEPTANCE-DATETIME>20100308162928
ACCESSION NUMBER:		0000950123-10-022097
CONFORMED SUBMISSION TYPE:	N-CSR
PUBLIC DOCUMENT COUNT:		10
CONFORMED PERIOD OF REPORT:	20091231
FILED AS OF DATE:		20100308
DATE AS OF CHANGE:		20100308
EFFECTIVENESS DATE:		20100308

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Gabelli Global Gold, Natural Resources & Income Trust
		CENTRAL INDEX KEY:			0001313510
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		N-CSR
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-21698
		FILM NUMBER:		10664071

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580-1422
		BUSINESS PHONE:		800.422.3554

	MAIL ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580-1422

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Gabelli Gold, Natural Resources & Income Trust
		DATE OF NAME CHANGE:	20050105
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-CSR
<SEQUENCE>1
<FILENAME>p17039nvcsr.htm
<DESCRIPTION>N-CSR
<TEXT>
<HTML>
<HEAD>
<TITLE>nvcsr</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM N-CSR</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CERTIFIED
SHAREHOLDER REPORT OF REGISTERED MANAGEMENT <br>INVESTMENT COMPANIES</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Investment Company Act file number </B><B>811-21698</B></DIV>

<DIV align="center" style="font-size: 20pt; margin-top: 12pt"><B><FONT style="border-bottom: 1px solid #000000">The Gabelli Global Gold, Natural Resources &#038; Income Trust</FONT></B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in charter)</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt">One Corporate Center</DIV>

<DIV align="center" style="font-size: 10pt">Rye, New York 10580-1422</DIV>


<DIV align="center" style="font-size: 10pt"><DIV style="margin-top: 1px"><FONT style="border-top: 1px solid #000000">(Address of principal executive offices) (Zip code)</FONT></DIV></DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Bruce N. Alpert<BR>
Gabelli Funds, LLC<BR>
One Corporate Center<BR>
Rye, New York 10580-1422</DIV>

<DIV align="center" style="font-size: 10pt"><DIV style="margin-top: 1px"><FONT style="border-top: 1px solid #000000">(Name and address of agent for service)</FONT></DIV></DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt">registrant&#146;s telephone number, including area code: 1-800-422-3554</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Date of
fiscal year end: December&nbsp;31</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Date of
reporting period: December&nbsp;31, 2009</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Form&nbsp;N-CSR is to be used by management investment companies to file reports with the Commission not
later than 10&nbsp;days after the transmission to stockholders of any report that is required to be
transmitted to stockholders under Rule&nbsp;30e-1 under the Investment Company Act of 1940 (17 CFR
270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory,
disclosure review, inspection, and policymaking roles.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A registrant is required to disclose the information specified by Form N-CSR, and the Commission
will make this information public. A registrant is not required to respond to the collection of
information contained in Form N-CSR unless the Form displays a currently valid Office of Management
and Budget (&#147;OMB&#148;) control number. Please direct comments concerning the accuracy of the
information collection burden estimate and any suggestions for reducing the burden to Secretary,
Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed
this collection of information under the clearance requirements of 44 U.S.C. &#167; 3507.
</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>









<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">

<!--TOC-->
<!--/TOC-->




<!-- link2 "Item&nbsp;1. Reports to Stockholders" -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;1. Reports to Stockholders.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Report to Shareholders is attached herewith.
</DIV>




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>The Gabelli Global Gold, Natural Resources &#038; Income Trust</B><BR>
Annual Report &#151; December&nbsp;31, 2009
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="42%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="13%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="43%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><IMG src="p17039p1703901a.jpg" alt="(PHOTO OF CAESAR BRYAN)">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><IMG src="p17039p1703902a.jpg" alt="(PHOTO OF BARBARA G. MARCIN)">
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><IMG src="p17039p1703903a.jpg" alt="(PHOTO OF VINCENT ROCHE)"></TD>
</TR>
<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">Caesar Bryan&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Barbara G. Marcin, CFA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vincent Roche</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>To Our Shareholders,</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Sarbanes-Oxley Act requires a fund&#146;s principal executive and financial officers to certify
the entire contents of the semi-annual and annual shareholder reports in a filing with the
Securities and Exchange Commission (&#147;SEC&#148;) on Form N-CSR. This certification would cover the
portfolio managers&#146; commentary and subjective opinions if they are attached to or a part of the
financial statements. Many of these comments and opinions would be difficult or impossible to
certify.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Because we do not want our portfolio managers to eliminate their opinions and/or restrict
their commentary to historical facts, we have separated their commentary from the financial
statements and investment portfolio and have sent it to you separately. Both the commentary and the
financial statements, including the portfolio of investments, will be available on our website at
www.gabelli.com.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Enclosed are the audited financial statements including the investment portfolio as of December
31, 2009.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Investment Performance</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For the year ended December&nbsp;31, 2009, The Gabelli Global Gold, Natural Resources &#038; Income
Trust&#146;s (the &#147;Fund&#148;), net asset value (&#147;NAV&#148;) total return was 74.4% and the total return for the
Fund&#146;s publicly traded shares was 40.1%, compared with gains of 25.9% and 36.6% for the Chicago
Board Options Exchange Index (&#147;CBOE&#148;) S&#038;P 500 Buy/Write Index and the Philadelphia Gold &#038; Silver
Index, respectively. On December&nbsp;31, 2009, the Fund&#146;s NAV per share was $15.91, while the price of
the publicly traded shares closed at $16.34 on the NYSE Amex.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 50%">Sincerely yours,

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 50%"><IMG src="p17039p1703901.gif" alt="-s- Bruce N. Alpert"><BR>
Bruce N. Alpert<BR>
President

</DIV>

<DIV align="left" style="font-size: 10pt">February&nbsp;19, 2010</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Comparative Results</B>

</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B><u>Average Annual Returns through December&nbsp;31, 2009 (a) (Unaudited)</u></B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Since</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Inception</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Quarter</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">1 Year</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">3 Year</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">(03/31/05)</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Gabelli Global Gold, Natural Resources &#038; Income Trust</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>NAV Total Return (b) </B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right"><B>8.77</B></TD>
    <TD nowrap><B>%</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right"><B>74.36</B></TD>
    <TD nowrap><B>%</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right"><B>(4.13</B></TD>
    <TD nowrap><B>)%</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right"><B>5.17</B></TD>
    <TD nowrap><B>%</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>Investment Total Return (c) </B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>8.40</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>40.14</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right"><B>(4.32</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4.43</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">CBOE S&#038;P 500 Buy/Write Index </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8.07</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25.92</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(1.43</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.54</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Philadelphia Gold &#038; Silver Index </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.87</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36.62</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6.64</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14.21</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Amex Energy Select Sector Index </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6.26</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21.90</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.70</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7.88</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Barclays Capital Government/Corporate Bond Index </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(0.21</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.52</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5.81</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5.11</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(a)</TD>
    <TD>&nbsp;</TD>
    <TD><B><I>Returns represent past performance and do not guarantee future results. </I></B><I>Investment returns and
the principal value of an investment will fluctuate. When shares are sold, they may be worth more
or less than their original cost. Current performance may be lower or higher than the performance
data presented. Visit www.gabelli.com for performance information as of the most recent month end.
Performance returns for periods of less than one year are not annualized. </I><B><I>Investors should
carefully consider the investment objectives, risks, charges, and expenses of the Fund before
investing. </I></B><I>The CBOE S&#038;P 500 Buy/Write Index is an unmanaged benchmark index designed to reflect
the return on a portfolio that consists of a long position in the stocks in the S&#038;P 500 Index and
a short position in a S&#038;P 500 (SPX)&nbsp;call option. The Philadelphia Gold &#038; Silver Index is an
unmanaged indicator of stock market performance of large North American gold and silver
companies, while the Amex Energy Select Sector Index is an unmanaged indicator of stock market
performance of large U.S. companies involved in the development or production of energy products.
The Barclays Capital Government/Corporate Bond Index is an unmanaged market value weighted index
that tracks the total return performance of fixed rate, publicly placed, dollar denominated
obligations. Dividends and interest income are considered reinvested. You cannot invest directly
in an index.</I></TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(b)</TD>
    <TD>&nbsp;</TD>
    <TD><I>Total returns and average annual returns reflect changes in the NAV per share and reinvestment
of distributions at NAV on the ex-dividend date and are net of expenses. Since inception return is
based on an initial NAV of $19.06.</I></TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(c)</TD>
    <TD>&nbsp;</TD>
    <TD><I>Total returns and average annual returns reflect changes in closing market values on the NYSE
Amex and reinvestment of distributions. Since inception return is based on an initial offering
price of $20.00.</I></TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">






<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>THE GABELLI GLOBAL GOLD, NATURAL RESOURCES &#038; INCOME TRUST<BR>
Summary of Portfolio Holdings (Unaudited)</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The following table presents portfolio holdings as a percent of total investments as of
December&nbsp;31, 2009:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Long Positions</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Metals and Mining </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">57.3</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Energy and Energy Services </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">35.6</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">U.S. Government Obligations </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">7.1</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">100.0</TD>
    <TD nowrap>%</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Short Positions</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Call Options Written </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(2.2</TD>
    <TD nowrap>)%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Put Options Written </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(0.3</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(2.5</TD>
    <TD nowrap>)%</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>The Fund files a complete schedule of portfolio holdings with the SEC for the first and third
quarters of each fiscal year on </I><I>Form N-Q</I><I>, the last of which was filed for the quarter ended
September&nbsp;30, 2009. Shareholders may obtain this information at www.gabelli.com or by calling the
Fund at 800-GABELLI (800-422-3554). The Fund&#146;s </I><I>Form N-Q</I><I> is available on the SEC&#146;s website at
www.sec.gov and may also be reviewed and copied at the SEC&#146;s Public Reference Room in Washington,
DC. Information on the operation of the Public Reference Room may be obtained by calling
1-800-SEC-0330.</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Proxy Voting</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Fund files Form N-PX with its complete proxy voting record for the twelve months
ended June&nbsp;30th, no later than August&nbsp;31st of each year. A description of the Fund&#146;s proxy voting
policies, procedures, and how the Fund voted proxies relating to portfolio securities is available
without charge, upon request, by (i)&nbsp;calling 800-GABELLI (800-422-3554); (ii)&nbsp;writing to The
Gabelli Funds at One Corporate Center, Rye, NY 10580-1422; or (iii)&nbsp;visiting the SEC&#146;s website at
www.sec.gov.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>THE GABELLI GLOBAL GOLD, NATURAL RESOURCES &#038; INCOME TRUST<BR>
SCHEDULE OF INVESTMENTS<BR>
December&nbsp;31, 2009</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Market</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Shares</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Cost</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Value</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>COMMON STOCKS &#151; 82.9%</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Energy and Energy Services &#151; 32.5%</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">50,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Apache Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">5,060,875</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">5,158,500</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">63,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Baker Hughes Inc. (a) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,515,440</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,550,240</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">273,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">BG Group plc </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,031,956</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,947,441</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">358,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">BJ Services Co. (a) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,087,471</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,658,800</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">115,900</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">BP plc, ADR (a) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,072,355</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,718,723</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">130,500</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Chesapeake Energy Corp. (a)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,845,233</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,377,340</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">65,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Chevron Corp. (a) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,006,320</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,004,350</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">307,692</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Comanche
Energy Inc.&#134; (b)(c)(d) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,849,998</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">98,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">ConocoPhillips (a) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,883,082</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,004,860</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">143,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Devon Energy Corp. (a) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,528,777</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,510,500</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">69,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Diamond Offshore
Drilling Inc. (a) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,721,594</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,790,980</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">450,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">El Paso Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,097,901</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,423,500</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">45,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Exxon Mobil Corp. (a) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,966,851</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,068,550</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">65,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Galp Energia SGPS SA,
Cl. B </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,545,027</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,125,622</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">259,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Halliburton Co. (a) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,025,177</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,793,310</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">200,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Imperial Oil Ltd.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,231,718</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,775,494</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">145,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Marathon Oil Corp. (a) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,722,571</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,526,900</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">170,500</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Murphy Oil Corp. (a) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,409,083</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,241,100</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">285,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Nabors Industries Ltd.&#134; (a)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,618,718</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,238,650</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">110,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Nexen Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,457,682</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,632,300</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">243,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Noble Corp. (a) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,372,555</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,890,100</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">266,500</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Petroleo Brasileiro SA,
ADR (a) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,195,085</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,706,720</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">230,500</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Rowan Companies Inc.&#134; (a)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,550,296</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,218,520</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">130,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Royal Dutch Shell plc, Cl. A</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,438,514</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,951,738</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">123,700</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sasol Ltd., ADR (a) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,463,099</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,940,578</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">88,400</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Statoil ASA, ADR (a) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,579,976</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,202,044</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">364,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Suncor Energy Inc. (a) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,565,114</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,852,840</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">70,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Technip SA </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,376,968</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,957,209</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">329,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Tesoro Corp. (a) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,471,009</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,457,950</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">200,800</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">The Williams
Companies Inc. (a) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,341,275</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,232,864</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">32,500</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total SA, ADR </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,986,234</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,081,300</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">88,500</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Transocean Ltd.&#134; (a) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,541,227</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,327,800</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">250,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Tullow Oil plc </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,090,567</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,269,576</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">241,100</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Valero Energy Corp. (a) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,671,924</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,038,425</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">328,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Weatherford
International Ltd.&#134; (a) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,488,876</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,874,480</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">221,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">XTO Energy Inc. (a) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,456,220</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,283,130</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">211,266,768</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">203,832,434</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Metals and Mining &#151; 50.4%</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">310,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Agnico-Eagle Mines Ltd. (a)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,150,856</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,740,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">198,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Anglo American plc&#134; </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,655,073</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,670,015</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">46,250</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Anglo Platinum Ltd.&#134; </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,593,637</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,966,548</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">402,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">AngloGold Ashanti Ltd.,
ADR (a) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,064,577</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,152,360</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">345,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Antofagasta plc </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,753,203</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,527,846</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">354,400</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Barrick Gold Corp. (a) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,742,224</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,956,272</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">93,500</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">BHP Billiton Ltd., ADR (a)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,537,037</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,160,230</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">130,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Compania de Minas
Buenaventura SA, ADR</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,915,925</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,351,100</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">700,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Consolidated Thompson
Iron Mines Ltd.&#134; </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,608,248</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,524,549</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">350,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Eldorado Gold Corp.&#134; </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,533,491</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,993,068</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">175,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Equinox Minerals Ltd.&#134; </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">903,610</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">684,371</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">175,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Franco-Nevada Corp. (e) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,164,182</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,701,917</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">127,792</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Freeport-McMoRan Copper
&#038; Gold Inc.&#134; (a) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,804,433</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,260,420</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">538,500</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Fresnillo plc </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,832,997</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,888,680</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">200,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gold Fields Ltd.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,819,747</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,655,285</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">1,143,500</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gold Fields Ltd., ADR (a)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,535,667</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,991,285</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">310,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Goldcorp Inc. (a) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,047,048</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,195,400</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">706,100</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Harmony Gold Mining
Co. Ltd., ADR (a) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,913,812</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,181,037</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">1,209,700</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Hochschild Mining plc </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,589,657</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,678,438</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">300,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">IAMGOLD Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,811,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,692,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">412,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Impala Platinum
Holdings Ltd.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,868,055</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,332,233</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">600,140</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Ivanhoe Mines Ltd.&#134; (a) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,041,467</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,768,045</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">88,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Kazakhmys plc&#134; </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,728,177</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,887,582</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">808,900</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Kinross Gold Corp. (a) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,392,568</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,883,760</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">3,733,488</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Lihir Gold Ltd.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,496,823</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,999,785</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">250,600</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Lundin Mining Corp.&#134; (a) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,134,634</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,014,930</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">490,646</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Newcrest Mining Ltd.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,509,198</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15,570,677</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">170,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Newmont Mining Corp. (a)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,184,123</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,042,700</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">12,537,555</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">PanAust Ltd.&#134; </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,275,272</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,362,926</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">61,300</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Peabody Energy Corp. (a) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,058,958</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,771,373</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">189,607</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Randgold Resources Ltd.,
ADR (a) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,975,888</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15,001,706</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">474,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Red Back Mining Inc.&#134; </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,467,883</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,798,298</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">58,500</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Rio Tinto plc, ADR (a) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17,202,227</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,600,315</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">157,700</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Royal Gold Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,653,832</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,427,670</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">173,700</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Vale SA, ADR (a) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,036,687</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,042,511</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">62,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Vedanta Resources plc </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,594,665</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,614,711</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">871,005</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Xstrata plc&#134; </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20,719,971</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15,770,716</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">982,300</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Yamana Gold Inc. (a) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,065,554</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,178,574</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">313,382,406</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">316,039,333</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>TOTAL COMMON
STOCKS </B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">524,649,174</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">519,871,767</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>CONVERTIBLE PREFERRED STOCKS &#151; 1.6%</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Metals and Mining &#151; 1.6%</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">51,720</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Freeport-McMoRan Copper &#038;
Gold Inc., 6.750% Cv. Pfd.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,436,214</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,958,144</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">10,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Vale Capital II, 6.750%,
Cv. Pfd., Ser. VALe </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">500,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">837,500</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">35,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Vale Capital II, 6.750%,
Cv. Pfd., Ser. VALE </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,750,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,896,250</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">6,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Vale Capital Ltd., 5.500%
Cv. Pfd., Ser. RIO </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">156,030</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">323,700</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>TOTAL CONVERTIBLE
PREFERRED STOCKS</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,842,244</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,015,594</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<tr><td>&nbsp;</td></tr>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>WARRANTS &#151; 0.1%</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Energy and Energy Services &#151; 0.0%</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">34,091</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Comanche Energy Inc., Cl. A,
expire 06/18/13&#134; (b)(c)(d)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">93,750</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">36,197</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Comanche Energy Inc., Cl. B,
expire 06/18/13&#134; (b)(c)(d)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">93,750</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">82,965</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Comanche Energy Inc., Cl. C,
expire 06/18/13&#134; (b)(c)(d)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">187,501</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">375,001</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Metals and Mining &#151; 0.1%</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">62,500</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Franco-Nevada Corp.,
expire 03/13/12&#134; (c)(d)(e)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">400,744</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">170,260</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">87,500</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Franco-Nevada Corp.,
expire 06/16/17&#134; (e) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">552,182</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">400,744</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">722,442</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>TOTAL WARRANTS </B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">775,745</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">722,442</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">See accompanying notes to financial statements.
</DIV>








<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>THE GABELLI GLOBAL GOLD, NATURAL RESOURCES &#038; INCOME TRUST<BR>
SCHEDULE OF INVESTMENTS (Continued)<BR>
December&nbsp;31, 2009</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="2"><B>Principal</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Market</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Amount</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Cost</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Value</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>CONVERTIBLE CORPORATE BONDS &#151; 1.7%</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Energy and Energy Services &#151; 0.5%</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">$</TD>
    <TD valign="top" align="right">1,500,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Chesapeake Energy Corp., Cv.,
2.250%, 12/15/38 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">671,216</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1,141,875</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">2,000,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Nabors Industries Inc., Cv.,
0.940%, 05/15/11 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,742,758</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,965,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,413,974</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,106,875</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Metals and Mining &#151; 1.2%</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">270,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Alcoa Inc., Cv.,
5.250%, 03/15/14 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">270,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">701,663</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">5,000,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Newmont Mining Corp., Cv.,
1.625%, 07/15/17 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,628,796</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,218,750</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">725,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Wesdome Gold Mines Ltd., Deb. Cv.,
7.000%, 05/31/12 (e) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">687,972</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">705,347</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,586,768</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,625,760</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>TOTAL CONVERTIBLE
CORPORATE BONDS</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,000,742</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,732,635</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>CORPORATE BONDS &#151; 6.6%</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Energy and Energy Services &#151; 2.6%</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">2,000,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Chesapeake Energy Corp.,
7.500%, 06/15/14 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,032,032</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,050,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">3,840,656</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Comanche Energy Inc., PIK,
15.500%, 06/13/13 (b)(c)(d)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,685,467</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">768,131</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">2,500,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Compagnie Generale de
Geophysique-Veritas,
7.500%, 05/15/15 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,326,818</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,493,750</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">2,000,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Marathon Oil Corp.,
6.000%, 10/01/17 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,637,669</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,118,882</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">2,000,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">PetroHawk Energy Corp.,
9.125%, 07/15/13 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,000,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,100,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">2,000,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Suncor Energy Inc.,
6.100%, 06/01/18 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,609,544</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,149,608</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">1,000,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Tesoro Corp.,
6.250%, 11/01/12 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">848,611</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,000,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">500,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Tesoro Corp.,
9.750%, 06/01/19 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">481,540</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">520,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">2,500,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Weatherford International Ltd.,
9.625%, 03/01/19 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,894,569</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,121,765</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17,516,250</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,322,136</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Metals and Mining &#151; 4.0%</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">2,000,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">AK Steel Corp.,
7.750%, 06/15/12 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,707,865</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,030,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">3,000,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Alcoa Inc.,
6.000%, 07/15/13 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,674,254</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,162,804</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">5,000,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">ArcelorMittal,
5.375%, 06/01/13 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,206,976</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,280,355</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">2,000,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Freeport-McMoRan Copper
&#038; Gold Inc.,
8.250%, 04/01/15 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,652,296</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,182,330</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">2,000,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Peabody Energy Corp., Ser. B,
6.875%, 03/15/13 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,814,883</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,032,500</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">1,000,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Rio Tinto Finance (USA)&nbsp;Ltd.,
8.950%, 05/01/14 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">989,504</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,199,402</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">4,000,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">United States Steel Corp.,
6.050%, 06/01/17 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,879,260</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,824,248</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">5,000,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Xstrata Canada Corp.,
7.250%, 07/15/12 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,869,383</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,397,755</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20,794,421</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25,109,394</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>TOTAL CORPORATE
BONDS </B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">38,310,671</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">41,431,530</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>U.S. GOVERNMENT OBLIGATIONS &#151; 7.1%</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>U.S. Treasury Bills &#151; 3.4%</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">$</TD>
    <TD valign="top" align="right">21,420,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">U.S. Treasury Bills,
0.112% to 0.162%&#134;&#134;,
04/08/10 to 06/03/10 (a)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;</TD>
    <TD align="right">21,408,621</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;</TD>
    <TD align="right">21,409,646</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<tr><td>&nbsp;</td></tr>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>U.S. Treasury Cash Management Bills &#151; 2.4%</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">14,749,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">U.S. Treasury Cash
Management Bills,
0.101% to 0.178%&#134;&#134;,
04/01/10 to 06/17/10 (a)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,739,862</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,739,427</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<tr><td>&nbsp;</td></tr>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>U.S. Treasury Notes &#151; 1.3%</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">7,825,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">U.S. Treasury Note,
4.125%, 08/15/10 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,011,219</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,010,539</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>TOTAL U.S. GOVERNMENT
OBLIGATIONS </B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">44,159,702</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">44,159,612</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD colspan="5" align="left"><B>TOTAL INVESTMENTS &#151; 100.0% </B></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">619,738,278</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">626,933,580</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="5" align="left"><DIV style="margin-left:15px; text-indent:-15px"><b>CALL OPTIONS WRITTEN</B><br>
(Premiums received $17,530,923)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(13,983,780</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD colspan="5" nowrap align="left"><DIV style="margin-left:15px; text-indent:-15px"><B>PUT OPTIONS WRITTEN</B><br>
(Premiums received $3,281,412)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,646,223</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD colspan="5" nowrap align="left"><B>Other Assets and Liabilities (Net)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,743,060</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD colspan="5" align="left"><DIV style="margin-left:15px; text-indent:-15px"><B>PREFERRED STOCK</B><br>
(3,955,687 preferred shares outstanding)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(98,892,175</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="5" align="left"><DIV style="margin-left:15px; text-indent:-15px"><B>NET ASSETS &#151; COMMON STOCK</B><br>
(32,761,261 common shares outstanding)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">521,154,462</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD colspan="5" align="left"><DIV style="margin-left:15px; text-indent:-15px"><B>NET ASSET VALUE PER COMMON SHARE</B><br>
( $521,154,462 &#247; 32,761,261 shares outstanding)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">15.91</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="2"><B>Number of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Expiration Date/</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Market</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Contracts</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Exercise Price</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Value</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>OPTION CONTRACTS WRITTEN &#151; (2.5)%</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Call Options Written &#151; (2.2)%</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">2,850</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Agnico-Eagle Mines Ltd.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Feb. 10/65</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">185,250</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">250</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Agnico-Eagle Mines Ltd.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">May 10/70</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">43,125</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">75</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Anglo American plc(f) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/28</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35,433</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">123</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Anglo American plc(f) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/2500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">416,708</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">3,100</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">AngloGold Ashanti Ltd.,
ADR </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/45</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">62,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">550</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">AngloGold Ashanti Ltd.,
ADR </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/50</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,500</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">170</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">AngloGold Ashanti Ltd.,
ADR </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Apr. 10/45</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">37,400</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">170</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">AngloGold Ashanti Ltd.,
ADR </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Apr. 10/50</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,575</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">345</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Antofagasta plc(f) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mar. 10/1050</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">361,539</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">500</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Apache Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/100</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">249,500</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">1,432</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Baker Hughes Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/46</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,320</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">630</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Baker Hughes Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/50</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,300</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">1,750</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Barrick Gold Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/40</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">190,750</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">294</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Barrick Gold Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/42.50</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,760</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">1,500</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Barrick Gold Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/47.50</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,500</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">273</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">BG Group plc(f) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mar. 10/12</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">143,308</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">185</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">BHP Billiton Ltd., ADR </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/80</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,025</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">750</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">BHP Billiton Ltd., ADR </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Feb. 10/85</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">75,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">180</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">BP plc, ADR </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/55</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">59,400</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">915</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">BP plc, ADR </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/60</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">23,790</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">1,305</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Chesapeake Energy Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Apr. 10/30</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">112,230</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">See accompanying notes to financial statements.
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>THE GABELLI GLOBAL GOLD, NATURAL RESOURCES &#038; INCOME TRUST<BR>
SCHEDULE OF INVESTMENTS (Continued)<BR>
December&nbsp;31, 2009</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="2"><B>Number of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Expiration Date/</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Market</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Contracts</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Exercise Price</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Value</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>OPTION CONTRACTS WRITTEN (Continued)</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Call Options Written (Continued)</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">650</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Chevron Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mar. 10/80</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">94,250</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">500</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Compania de Minas
Buenaventura SA, ADR </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mar. 10/35</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">116,250</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">800</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Compania de Minas
Buenaventura SA, ADR </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mar. 10/40</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">72,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">980</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">ConocoPhillips </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/55</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,900</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">6,900</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Consolidated Thompson
Iron Mines Ltd.(g) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Apr. 10/7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">461,825</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">700</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Devon Energy Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/70</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">308,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">730</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Devon Energy Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/75</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">80,300</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">290</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Diamond Offshore
Drilling Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/103.13</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,050</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">290</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Diamond Offshore
Drilling Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">Jan. 10/106.25</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,625</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">110</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Diamond Offshore
Drilling Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">Mar. 10/106.25</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">26,675</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">500</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">El Paso Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/11</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,500</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">4,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">El Paso Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Apr. 10/11</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">120,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">3,500</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Eldorado Gold Corp.(g) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">May 10/14</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">727,877</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">1,750</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Equinox Minerals Ltd.(g) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Feb. 10/5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15,896</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">225</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Exxon Mobil Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/75</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,350</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">225</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Exxon Mobil Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Feb. 10/72.50</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,825</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">4,416</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gold Fields Ltd., ADR </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/15</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22,080</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">2,019</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gold Fields Ltd., ADR </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Feb. 10/15</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">60,570</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">1,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gold Fields Ltd., ADR </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Apr. 10/14</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">95,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">6,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gold Fields Ltd., ADR </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Apr. 10/16</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">240,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">350</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Goldcorp Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/42</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15,400</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">1,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Goldcorp Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/47</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">1,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Goldcorp Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Apr. 10/45</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">173,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">400</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Halliburton Co.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/27</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">127,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">1,350</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Halliburton Co.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/31</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">52,650</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">840</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Halliburton Co.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/32</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,440</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">273</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Harmony Gold Mining
Co. Ltd., ADR </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/10</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,285</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">5,788</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Harmony Gold Mining
Co. Ltd., ADR </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Feb. 10/12</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">115,760</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">1,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Harmony Gold Mining
Co. Ltd., ADR </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 11/10</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">220,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">2,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">IAMGOLD Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mar. 10/12.50</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">760,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">1,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">IAMGOLD Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jun. 10/15</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">300,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">2,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Imperial Oil Ltd.(g) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/44</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28,685</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">3,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Ivanhoe Mines Ltd.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/12.50</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">705,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">3,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Ivanhoe Mines Ltd.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 11/15</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">930,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">5,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Kinross Gold Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/21</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">1,970</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Kinross Gold Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/22.50</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,850</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">1,090</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Kinross Gold Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Feb. 10/22.50</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19,075</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">3,700</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Lihir Gold Ltd.(h) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mar. 10/3.73</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">124,964</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">500</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Marathon Oil Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/33</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">600</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Marathon Oil Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/34</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,600</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">350</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Marathon Oil Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/36</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,750</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">890</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Murphy Oil Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/60</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,120</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">490</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Murphy Oil Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/65</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,410</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">325</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Murphy Oil Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Apr. 10/65</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,250</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">2,850</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Nabors Industries Ltd.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/22.50</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">128,250</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">1,700</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Newmont Mining Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mar. 10/55</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">178,500</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">350</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Nexen Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mar. 10/22.50</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">91,875</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">350</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Nexen Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mar. 10/25</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">47,250</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">2,430</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Noble Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mar. 10/46</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">206,550</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">613</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Peabody Energy Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/49</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,260</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">2,445</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Petroleo Brasileiro S.A.,
ADR </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/55</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,780</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">400</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Randgold Resources Ltd.,
ADR </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/80</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">102,000</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">400</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Randgold Resources Ltd.,
ADR </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mar. 10/85</TD>
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;</TD>
    <TD align="right">180,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">1,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Randgold Resources Ltd.,
ADR </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mar. 10/90</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">255,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">96</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Randgold Resources Ltd.,
ADR </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mar. 10/95</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17,760</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">2,250</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Red Back Mining Inc.(g) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/13</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">424,894</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">2,490</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Red Bank Mining Inc.(g) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/15</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">119,042</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">175</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Rio Tinto plc, ADR </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/200</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">302,750</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">260</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Rio Tinto plc, ADR </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/210</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">254,020</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">150</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Rio Tinto plc, ADR </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/220</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">69,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">1,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Rowan Companies Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/25</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">1,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Rowan Companies Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Apr. 10/27.50</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">50,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">305</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Rowan Companies Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Apr. 10/30</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,100</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">130</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Royal Dutch Shell plc,
Cl. A(f) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mar. 10/19</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">113,387</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">275</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Royal Gold Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/45</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">72,875</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">275</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Royal Gold Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/50</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15,125</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">1,020</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Royal Gold Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/55</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,120</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">787</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sasol Ltd., ADR </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mar. 10/40</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">220,360</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">450</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sasol Ltd., ADR</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mar. 10/45</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">42,750</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">884</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Statoil ASA </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Apr. 10/30</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">26,520</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">1,790</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Suncor Energy Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/40</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,370</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">1,300</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Suncor Energy Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mar. 10/38</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">185,900</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">250</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Suncor Energy Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mar. 10/42</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,250</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">400</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Technip SA(i) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mar. 10/52</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">112,390</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">300</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Technip SA(i) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mar. 10/56</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35,265</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">2,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Tesoro Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Feb. 10/15</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">60,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">1,290</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Tesoro Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 11/17.50</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">151,575</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">325</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total SA, ADR</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Feb. 10/70</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21,125</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">875</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Transocean Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Feb. 10/90</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">117,250</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">250</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Tullow Oil plc(f) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mar. 10/14</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">201,900</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">950</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Vale SA, ADR </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Feb. 10/31</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">69,350</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">787</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Vale SA, ADR</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mar. 10/31</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">105,852</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">761</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Valero Energy Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/22.50</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">761</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">2,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Valero Energy Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mar. 10/18</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">110,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">62</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Vedanta Resources plc(f) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mar. 10/26</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">192,273</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">600</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Weatherford
International Ltd.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/21</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,800</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">2,675</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Weatherford International Ltd.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Feb. 10/20</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">107,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">2,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Williams Companies Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Feb. 10/22.50</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">80,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">243</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Xstrata plc(f) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Feb. 10/13</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">75,555</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">628</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Xstrata plc(f) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Feb. 10/12</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">443,775</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">1,140</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">XTO Energy Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/46</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">148,200</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">1,070</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">XTO Energy Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Feb. 10/45</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">270,175</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">9,023</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Yamana Gold Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Feb. 10/13</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">243,621</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">800</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Yamana Gold Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Apr. 10/14</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">37,600</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>TOTAL CALL OPTIONS WRITTEN</B><br>
(Premiums received $17,530,923) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">13,983,780</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<tr><td>&nbsp;</td></tr>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Put Options Written &#151; (0.3)%</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">700</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Agnico-Eagle Mines Ltd.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/45</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">7,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">1,500</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Alcoa Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/10</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,500</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">700</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">AngloGold Ashanti Ltd.,
ADR </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Apr. 10/30</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">45,500</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">100</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">AngloGold Ashanti Ltd.,
ADR </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Apr. 10/35</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17,500</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">400</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">AngloGold Ashanti Ltd.,
ADR </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Apr. 10/40</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">152,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">250</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Apache Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/90</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,500</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">700</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Barrick Gold Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Apr. 10/32</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">80,850</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">500</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Barrick Gold Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Apr. 10/37</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">136,250</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">175</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Devon Energy Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/60</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,750</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">See accompanying notes to financial statements.
</DIV>






<P align="center" style="font-size: 10pt"><!-- Folio -->5<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>THE GABELLI GLOBAL GOLD, NATURAL RESOURCES &#038; INCOME TRUST<BR>
SCHEDULE OF INVESTMENTS (Continued)<BR>
December&nbsp;31, 2009</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="2"><B>Number of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Expiration Date/</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Market</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Contracts</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Exercise Price</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Value</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>OPTION CONTRACTS WRITTEN (Continued)</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Put Options Written (Continued)</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">150</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Diamond Offshore
Drilling Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">Jan. 10/83.13</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1,500</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">150</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Diamond Offshore
Drilling Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mar. 10/88.13</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31,500</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">3,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gold Fields Ltd., ADR </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Apr. 10/11</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">135,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">1,500</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gold Fields Ltd., ADR </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Apr. 10/13</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">195,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">525</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Goldcorp Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Apr. 10/37</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">131,250</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">500</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Halliburton Co.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/24</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">500</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">250</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Hess Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/50</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,875</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">1,600</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Kinross Gold Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/15</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,200</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">250</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Lonmin plc(f) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mar. 10/14</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">38,361</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">330</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Murphy Oil Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Apr. 10/55</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">135,300</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">425</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Newmont Mining Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mar. 10/35</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,625</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">250</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Noble Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/35</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,250</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">385</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Oil Service Holders Trust </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/130</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">405,212</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">500</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">PetroHawk Energy Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mar. 10/20</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31,250</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">1,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Petroleo Brasileiro SA,
ADR </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/25</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">400</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Rowan Companies Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/20</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">200</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Rowan Companies Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/22.50</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">500</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Royal Gold Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/35</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,750</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">300</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Suncor Energy Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mar. 10/30</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">320</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Suncor Energy Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mar. 10/31</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28,800</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">300</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Ultra Petroleum Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jan. 10/45</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>TOTAL PUT OPTIONS WRITTEN</B><br>
(Premiums received $3,281,412) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1,646,223</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(a)</TD>
    <TD>&nbsp;</TD>
    <TD>Securities, or a portion thereof, with a value of
$177,416,518 were pledged as collateral for options written.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(b)</TD>
    <TD>&nbsp;</TD>
    <TD>At December&nbsp;31, 2009, the Fund held investments in restricted
securities amounting to $768,131 or 0.12% of total investments,
which were valued under methods approved by the Board of Trustees
as follows:</TD>
</TR>

</TABLE>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="3"><B>Acquisition</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="3"><B>Shares/</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>12/31/09</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="3"><B>Principal</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Acquisition</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Acquisition</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Carrying Value</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Amount</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Issuer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Date</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Cost</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Per Unit</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top" align="right">307,692</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Comanche Energy Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">06/17/08</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">1,849,998</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top" align="right">34,091</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Comanche Energy Inc., Cl. A,
Warrants expire 06/18/13 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">06/17/08</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">93,750</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top" align="right">36,197</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Comanche Energy Inc., Cl. B,
Warrants expire 06/18/13 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">06/17/08</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">93,750</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top" align="right">82,965</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Comanche Energy Inc., Cl. C,
Warrants expire 06/18/13 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">06/17/08</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">187,501</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right">$</TD>
    <TD valign="top" align="right">3,840,656</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Comanche Energy Inc., PIK,
15.500%, 06/13/13 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">06/17/08</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,615,656</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">20.0000</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 0px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(c)</TD>
    <TD>&nbsp;</TD>
    <TD>Security fair valued under procedures established by
the Board of Trustees. The procedures may include reviewing
available financial information about the company and reviewing
the valuation of comparable securities and other factors on a
regular basis. At December&nbsp;31, 2009, the market value of fair
valued securities amounted to $938,391 or 0.15% of total
investments.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(d)</TD>
    <TD>&nbsp;</TD>
    <TD>Illiquid security.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(e)</TD>
    <TD>&nbsp;</TD>
    <TD>Security exempt from registration under Rule&nbsp;144A of the Securities Act of 1933, as amended.
These securities may be resold in transactions exempt from registration, normally to qualified
institutional buyers. At December&nbsp;31, 2009, the market value of Rule&nbsp;144A securities amounted to
$6,129,706 or 0.98% of total investments.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(f)</TD>
    <TD>&nbsp;</TD>
    <TD>Exercise price denoted in British Pounds.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(g)</TD>
    <TD>&nbsp;</TD>
    <TD>Exercise price denoted in Canadian dollars.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(h)</TD>
    <TD>&nbsp;</TD>
    <TD>Exercise price denoted in Australian dollars.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(i)</TD>
    <TD>&nbsp;</TD>
    <TD>Exercise price denoted in Euros.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">&#134;</TD>
    <TD>&nbsp;</TD>
    <TD>Non-income producing security.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">&#134;&#134;</TD>
    <TD>&nbsp;</TD>
    <TD>Represents annualized yield at date of purchase.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">ADR</TD>
    <TD>&nbsp;</TD>
    <TD>American Depositary Receipt</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">PIK</TD>
    <TD>&nbsp;</TD>
    <TD>Payment-in-kind</TD>
</TR>

</TABLE>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>% of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Market</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Market</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Geographic Diversification</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Value</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Value</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Long Positions</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">North America </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">55.8</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">350,142,892</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Europe </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">140,881,912</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">South Africa </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">62,219,326</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Asia/Pacific </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">41,293,019</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Latin America </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">32,396,431</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total Investments </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">100.0</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">626,933,580</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Short Positions</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">North America </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1.5</TD>
    <TD nowrap>)%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(9,657,693</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Europe </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(0.6</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(3,711,559</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">South Africa </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(0.3</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,543,280</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Latin America </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(0.1</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(505,482</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Asia/Pacific </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(0.0</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(211,989</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total Investments </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2.5</TD>
    <TD nowrap>)%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(15,630,003</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">See accompanying notes to financial statements.
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->6<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>THE GABELLI GLOBAL GOLD, NATURAL RESOURCES &#038; INCOME TRUST</B>
</DIV>

<!-- xbrl,bs -->
<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>STATEMENT OF ASSETS AND LIABILITIES<BR>
<!-- xbrl,body -->
December&nbsp;31, 2009</B>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Assets:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Investments, at value (cost $619,738,278) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">626,933,580</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Foreign currency, at value (cost $1,251) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,259</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Cash </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,234</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Deposit at brokers </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,167,235</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Receivable for investments sold </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,776,633</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Receivable for Fund shares issued </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,810,583</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Dividends and interest receivable </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,059,616</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Deferred offering expense </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">42,250</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Prepaid expense </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,675</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>Total Assets </B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">636,812,065</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Liabilities:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Call options written (premiums received $17,530,923)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,983,780</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Put options written (premiums received $3,281,412) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,646,223</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Payable for investments purchased </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">110,982</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Distributions payable </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">72,796</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Payable for investment advisory fees </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">509,129</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Payable for offering costs for issuance of
common shares </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">97,671</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Payable for payroll expenses </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">37,977</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Payable for accounting fees </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,250</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other accrued expenses </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">295,620</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>Total Liabilities </B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,765,428</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Preferred Shares:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Series&nbsp;A Cumulative Preferred Shares (6.625%, $25
liquidation value, $0.001 par value, 4,000,000 shares
authorized with 3,955,687 shares issued
and outstanding) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">98,892,175</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net Assets Attributable to Common Shareholders</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">521,154,462</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net Assets Attributable to Common Shareholders Consist of:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Paid-in capital </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">518,062,256</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Accumulated distributions in excess of net
investment income </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(3,284,227</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Accumulated distributions in excess of net realized gain
on investments, swap contracts, securities sold short,
written options, and foreign currency transactions </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(5,998,743</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Net unrealized appreciation on investments </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,195,302</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Net unrealized appreciation on written options </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,182,332</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Net unrealized depreciation on foreign
currency translations </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,458</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>Net Assets </B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">521,154,462</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net Asset Value per Common Share</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">($521,154,462 &#247; 32,761,261 shares outstanding, at $0.001
par value; unlimited number of shares authorized) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">15.91</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<!-- /xbrl,bs -->


<!-- xbrl,op -->
<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>STATEMENT OF OPERATIONS<BR>
<!-- xbrl,body -->
For the Year Ended December&nbsp;31, 2009</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Investment Income:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Dividends (net of foreign taxes of $188,947) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">5,219,795</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Interest </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,776,502</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>Total Investment Income </B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,996,297</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Expenses:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Investment advisory fees </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,105,926</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Offering expense for issuance of common shares </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">562,416</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Shareholder communications expenses </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">229,862</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Legal and audit fees </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">191,187</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Payroll expenses </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">147,901</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Trustees&#146; fees </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">99,500</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Accounting fees </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">45,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Custodian fees </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31,452</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Shareholder services fees </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22,613</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Interest expense </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,775</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Miscellaneous expenses </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">78,137</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>Total Expenses </B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,518,769</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Less: Custodian fee credits </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(50</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>Net Expenses </B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,518,719</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>Net Investment Income </B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,477,578</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net Realized and Unrealized Gain/(Loss) on Investments,
Swap Contracts, Securities Sold Short, Written Options,
and Foreign Currency:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Net realized gain on investments </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">42,714,588</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Net realized gain on swap contracts </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,949</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Net realized loss on securities sold short </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(21,648</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Net realized loss on written options </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(7,718,497</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Net realized loss on foreign currency transactions </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(16,768</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Net realized gain on investments, swap contracts,
securities sold short, written options, and foreign
currency transactions </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">34,962,624</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Net change in unrealized appreciation:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">on investments </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">99,570,697</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">on swap contracts </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,438,296</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">on written options </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,819,115</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">on foreign currency translations </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">635</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Net change in unrealized appreciation on investments,
swap contracts, securities sold short, written options,
and foreign currency translations </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">121,828,743</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>Net Realized and Unrealized Gain/(Loss) on
Investments, Swap Contracts, Securities Sold Short,
Written Options, and Foreign Currency </B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">156,791,367</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>Net Increase in Net Assets Resulting from Operations</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">161,268,945</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Total Distributions to Preferred Shareholders </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(6,515,160</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>Net Increase in Net Assets Attributable to Common
Shareholders Resulting from Operations </B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">154,753,785</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<!-- /xbrl,op -->


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">See accompanying notes to financial statements.
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->7<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>THE GABELLI GLOBAL GOLD, NATURAL RESOURCES &#038; INCOME TRUST</B>
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>STATEMENT OF CHANGES IN NET ASSETS ATTRIBUTABLE TO COMMON SHAREHOLDERS</B>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Year Ended</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Year Ended</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>December 31, 2009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>December 31, 2008</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Operations:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Net investment income </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">4,477,578</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1,688,806</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Net realized gain/(loss) on investments, swap contracts, securities sold short, written options,
and foreign currency transactions </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">34,962,624</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,646,579</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Net change in unrealized appreciation/depreciation on investments, swap contracts,
written options, and foreign currency translations </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">121,828,743</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(309,464,966</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>Net Increase/(Decrease) in Net Assets Resulting from Operations </B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">161,268,945</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(309,422,639</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Distributions to Preferred Shareholders:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Net investment income </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,417,976</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,405,224</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Net realized short-term gain </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,540,474</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(665,830</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Net realized long-term gain </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,556,710</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(4,539,410</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>Total Distributions to Preferred Shareholders </B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(6,515,160</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(6,610,464</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>Net Increase/(Decrease) in Net Assets Attributable to Common Shareholders
Resulting from Operations </B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">154,753,785</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(316,033,103</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Distributions to Common Shareholders:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Net investment income </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(5,972,068</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,371,792</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Net realized short-term gain </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(6,274,624</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,123,814</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Net realized long-term gain </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(3,844,859</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(7,661,790</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Return of capital </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(22,238,654</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(19,313,777</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>Total Distributions to Common Shareholders </B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(38,330,205</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(30,471,173</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Fund Share Transactions:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Net increase in net assets from common shares issued in offering </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">207,850,594</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Net increase in net assets from common shares issued upon reinvestment of distributions </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,768,233</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,057,687</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Net increase in net assets from repurchase of preferred shares </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,734</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">139,812</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Reversal of accrued offering cost for preferred shares previously charged to paid-in capital </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">163,317</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>Net Increase in Net Assets from Fund Share Transactions </B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">214,621,561</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,360,816</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>Net Increase/(Decrease) in Net Assets Attributable to Common Shareholders </B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">331,045,141</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(343,143,460</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net Assets Attributable to Common Shareholders:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Beginning of period </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">190,109,321</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">533,252,781</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">End of period (including undistributed net investment income of
$0 and $5,198,194, respectively) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">521,154,462</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">190,109,321</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">See accompanying notes to financial statements.
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->8<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>THE GABELLI GLOBAL GOLD, NATURAL RESOURCES &#038; INCOME TRUST<BR>
FINANCIAL HIGHLIGHTS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Selected data for a share of beneficial interest outstanding throughout each period:</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="14" style="border-bottom: 1px solid #000000"><B>Year Ended December 31,</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Period Ended</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>2009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>2008</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>2007</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>2006</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>December 31, 2005 (e)</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Operating Performance:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Net asset value, beginning of period </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">10.39</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">29.48</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">24.10</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">21.99</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">19.06</TD>
    <TD nowrap>(f)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Net investment income/(loss) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.12</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.10</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(0.02</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.08</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.08</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Net realized and unrealized gain/(loss) on investments, swap contracts,
securities sold short, written options, and foreign currency transactions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7.06</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(17.18</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7.61</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.77</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.01</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Total from investment operations </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7.18</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(17.08</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7.59</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.85</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.09</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Distributions to Preferred Shareholders: (a)</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Net investment income </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(0.11</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(0.08</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(0.01</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Net realized gain </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(0.18</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(0.28</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(0.07</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Total distributions to preferred shareholders </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(0.29</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(0.36</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(0.08</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Distributions to Common Shareholders:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Net investment income </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(0.26</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(0.13</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(0.15</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(0.07</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Net realized gain </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(0.45</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(0.48</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1.78</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1.74</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1.09</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Return of capital </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(0.97</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1.07</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Total distributions to common shareholders </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1.68</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1.68</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1.93</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1.74</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1.16</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Fund Share Transactions:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Increase/(decrease) in net asset value from common share transactions </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.31</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.01</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">0.00</TD>
    <TD nowrap>(d)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(0.00</TD>
    <TD nowrap>)(d)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Increase in net asset value from repurchases of preferred shares </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">0.00</TD>
    <TD nowrap>(d)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.01</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Offering costs for preferred shares charged to paid-in capital </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.01</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(0.20</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Total fund share transactions </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.31</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.03</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(0.20</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(0.00</TD>
    <TD nowrap>)(d)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>Net Asset Value, End of Period </B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">15.91</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">10.39</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">29.48</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">24.10</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">21.99</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">NAV total return &#134; </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">74.36</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(61.59</TD>
    <TD nowrap>)%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">31.47</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">18.29</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">22.0</TD>
    <TD nowrap>%*</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Market value, end of period </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">16.34</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">13.10</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">29.15</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">24.60</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">21.80</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Investment total return &#134;&#134;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">40.14</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(50.94</TD>
    <TD nowrap>)%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">27.40</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">21.86</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">15.2</TD>
    <TD nowrap>%**</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Ratios to Average Net Assets and Supplemental Data:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Net assets including liquidation value of preferred shares,
end of period (in 000&#146;s) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">620,047</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">289,046</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">633,253</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Net assets attributable to common shares, end of period (in 000&#146;s) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">521,155</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">190,109</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">533,253</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">432,741</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">390,209</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Ratio of net investment income/(loss) to average net assets
attributable to common shares </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.44</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">0.39</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(0.09</TD>
    <TD nowrap>)%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">0.42</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">0.47</TD>
    <TD nowrap>%(g)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Ratio of operating expenses to average net assets attributable to
common shares (b) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.78</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.69</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.45</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.17</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.15</TD>
    <TD nowrap>%(g)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD nowrap><DIV style="margin-left:30px; text-indent:-15px">Ratio of operating expenses to average net assets<Br> including
liquidation value of preferred shares (b) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.35</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.37</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.39</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Portfolio turnover rate &#134;&#134;&#134;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">61.0</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">41.5</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">71.3</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">114.8</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">142.5</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Preferred Shares:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>6.625% Series&nbsp;A Cumulative Preferred Shares</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Liquidation value, end of period (in 000&#146;s) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">98,892</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">98,937</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">100,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Total shares outstanding (in 000&#146;s) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,956</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,957</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Liquidation preference per share </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">25.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">25.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">25.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Average market value (c) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">24.60</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">24.10</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">24.16</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Asset coverage per share </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">156.75</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">73.04</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">158.31</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>Asset coverage </B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">627</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">292</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">633</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">&#134;</TD>
    <TD>&nbsp;</TD>
    <TD>Based on net asset value per share, adjusted for reinvestment of distributions at the net
asset value per share on the ex-dividend dates. Total return for a period of less than one
year is not annualized.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">&#134;&#134;</TD>
    <TD>&nbsp;</TD>
    <TD>Based on market value per share, adjusted for reinvestment of distributions at prices
determined under the Fund&#146;s dividend reinvestment plan. Total return for a period of less than
one year is not annualized.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">&#134;&#134;&#134;</TD>
    <TD>&nbsp;</TD>
    <TD>Effective in 2008, a change in accounting policy was adopted with regard to the calculation
of the portfolio turnover rate to include cash proceeds due to mergers. Had this policy been
adopted retroactively, the portfolio turnover rate for the year ended December&nbsp;31, 2007 and the
period ended December&nbsp;31, 2005 would have been 77.7% and 143.3%, respectively. The portfolio
turnover rate for the year ended 2006 would have been as shown.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">*</TD>
    <TD>&nbsp;</TD>
    <TD>Based on net asset value per share at commencement of operations of $19.06 per share.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">**</TD>
    <TD>&nbsp;</TD>
    <TD>Based on market value per share at initial public offering of $20.00 per share.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(a)</TD>
    <TD>&nbsp;</TD>
    <TD>Calculated based upon average common shares outstanding on the record dates throughout the
periods.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(b)</TD>
    <TD>&nbsp;</TD>
    <TD>The Fund incurred interest expense during the years ended December&nbsp;31, 2008, 2007, and 2006. If
interest expense had not been incurred, the ratio of operating expenses to average net assets
attributable to common shares would have been 1.54%, 1.33%, and 1.16%, respectively, and for 2008
and 2007, the ratio of operating expenses to average net assets including liquidation value of
preferred shares would have been 1.25% and 1.27%, respectively. For the year ended December&nbsp;31,
2009, the effect of interest expense was minimal.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(c)</TD>
    <TD>&nbsp;</TD>
    <TD>Based on weekly prices.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(d)</TD>
    <TD>&nbsp;</TD>
    <TD>Amount represents less than $0.005 per share.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(e)</TD>
    <TD>&nbsp;</TD>
    <TD>The Fund commenced investment operations on March&nbsp;31, 2005.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(f)</TD>
    <TD>&nbsp;</TD>
    <TD>The beginning of period NAV reflects a $0.04 reduction for costs associated with the
initial public offering.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(g)</TD>
    <TD>&nbsp;</TD>
    <TD>Annualized.</TD>
</TR>

</TABLE>



<DIV align="center" style="font-size: 10pt; margin-top: 18pt">See accompanying notes to financial statements.
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->9<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<!-- xbrl,ns -->


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>THE GABELLI GLOBAL GOLD, NATURAL RESOURCES &#038; INCOME TRUST<BR>
NOTES TO FINANCIAL STATEMENTS</B>
</DIV>

<!-- xbrl,n -->
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>1. Organization. </B><!-- xbrl,body -->The Gabelli Global Gold, Natural Resources &#038; Income Trust (the &#147;Fund&#148;) is a
non-diversified closed-end management investment company organized as a Delaware statutory trust on
January&nbsp;4, 2005 and registered under the Investment Company Act of 1940, as amended (the &#147;1940
Act&#148;). Investment operations commenced on March&nbsp;31, 2005.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Fund&#146;s primary investment objective is to provide a high level of current income. The
Fund&#146;s secondary investment objective is to seek capital appreciation consistent with the Fund&#146;s
strategy and its primary objective. Under normal market conditions, the Fund will attempt to
achieve its objectives by investing 80% of its assets in equity securities of companies principally
engaged in the gold and natural resources industries. As part of its investment strategy, the Fund
intends to earn income through an option strategy of writing (selling)&nbsp;covered call options on
equity securities in its portfolio. The Fund anticipates that it will invest at least 25% of its
assets in the equity securities of companies principally engaged in the exploration, mining,
fabrication, processing, distribution, or trading of gold, or the financing, managing and
controlling, or operating of companies engaged in &#147;gold related&#148; activities (&#147;Gold Companies&#148;). In
addition, the Fund anticipates that it will invest at least 25% of its assets in the equity
securities of companies principally engaged in the exploration, production, or distribution of
natural resources, such as gas and oil, paper, food and agriculture, forestry products, metals, and
minerals as well as related transportation companies and equipment manufacturers (&#147;Natural
Resources Companies&#148;). The Fund may invest in the securities of companies located anywhere in the
world.
</DIV>

<!-- xbrl,n -->
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>2. Significant Accounting Policies. </B><!-- xbrl,body -->The Financial Accounting Standards Board (&#147;FASB&#148;) Accounting
Standards Codification (&#147;ASC&#148;) has become the exclusive reference of authoritative U.S. generally
accepted accounting principles (&#147;GAAP&#148;) recognized by the FASB to be applied by nongovernmental
entities. Rules and interpretive releases of the SEC under authority of federal laws are also
sources of authoritative GAAP for SEC registrants. The ASC has superseded all existing non-SEC
accounting and reporting standards. The Fund&#146;s financial statements are prepared in accordance with
GAAP, which may require the use of management estimates and assumptions. Actual results could
differ from those estimates. The following is a summary of significant accounting policies followed
by the Fund in the preparation of its financial statements.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Security Valuation. </I>Portfolio securities listed or traded on a nationally recognized
securities exchange or traded in the U.S. over-the-counter market for which market quotations are
readily available are valued at the last quoted sale price or a market&#146;s official closing price as
of the close of business on the day the securities are being valued. If there were no sales that
day, the security is valued at the average of the closing bid and asked prices or, if there were no
asked prices quoted on that day, then the security is valued at the closing bid price on that day.
If no bid or asked prices are quoted on such day, the security is valued at the most recently
available price or, if the Board of Trustees (the &#147;Board&#148;) so determines, by such other method as
the Board shall determine in good faith to reflect its fair market value. Portfolio securities
traded on more than one national securities exchange or market are valued according to the broadest
and most representative market, as determined by Gabelli Funds, LLC (the &#147;Adviser&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Portfolio securities primarily traded on a foreign market are generally valued at the
preceding closing values of such securities on the relevant market, but may be fair valued pursuant
to procedures established by the Board if market conditions change significantly after the close of
the foreign market but prior to the close of business on the day the securities are being valued.
Debt instruments with remaining maturities of sixty days or less that are not credit impaired are
valued at amortized cost, unless the Board determines such amount does not reflect the securities&#146;
fair value, in which case these securities will be fair valued as determined by the Board. Debt
instruments having a maturity greater than sixty days for which market quotations are readily
available are valued at the average of the latest bid and asked prices. If there were no asked
prices quoted on such day, the security is valued using the closing bid price.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Securities and assets for which market quotations are not readily available are fair valued as
determined by the Board. Fair valuation methodologies and procedures may include, but are not
limited to: analysis and review of available financial and non-financial information about the
company; comparisons with the valuation and changes in valuation of similar securities, including a
comparison of foreign securities with the equivalent U.S. dollar value ADR securities at the close
of the U.S. exchange; and evaluation of any other information that could be indicative of the value
of the security.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The inputs and valuation techniques used to measure fair value of the Fund&#146;s investments are
summarized into three levels as described in the hierarchy below:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Level 1 &#151; quoted prices in active markets for identical securities;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Level 2 &#151; other significant observable inputs (including quoted prices for similar
securities, interest rates, prepayment speeds, credit risk, etc.); and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Level 3 &#151; significant unobservable inputs (including the Fund&#146;s determinations as to
the fair value of investments).</TD>
</TR>


</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->10<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<!-- xbrl -->
<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>THE GABELLI GLOBAL GOLD, NATURAL RESOURCES &#038; INCOME TRUST<BR>
NOTES TO FINANCIAL STATEMENTS (Continued)</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The inputs or methodology used for valuing securities are not necessarily an indication of the
risk associated with investing in those securities. The summary of the Fund&#146;s investments by inputs
used to value the Fund&#146;s investments as of December&nbsp;31, 2009 is as follows:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="11" style="border-bottom: 1px solid #000000"><B>Valuation Inputs</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Level 1</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Level 2</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Level 3</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Total</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Quoted</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Other Significant</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Significant</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Market Value</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Prices</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Observable Inputs</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Unobservable Inputs</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>at 12/31/09</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>INVESTMENTS IN SECURITIES:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>ASSETS (Market Value):</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Common Stocks:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Energy and Energy Services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">203,832,434</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">203,832,434</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Metals and Mining</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">316,039,333</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">316,039,333</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total Common Stocks</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">519,871,767</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">519,871,767</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Convertible Preferred Stocks (a)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,015,594</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,015,594</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Warrants:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Energy and Energy Services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Metals and Mining</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">722,442</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">722,442</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total Warrants</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">722,442</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">722,442</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Convertible Corporate Bonds</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,732,635</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,732,635</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Corporate Bonds</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">40,663,399</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">768,131</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">41,431,530</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">U.S. Government Obligations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">44,159,612</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">44,159,612</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>TOTAL INVESTMENTS IN SECURITIES</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">529,887,361</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">96,278,088</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">768,131</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">626,933,580</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>INVESTMENTS IN SECURITIES:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>LIABILITIES (Market Value):</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Call Options Written</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">(10,127,366</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">(3,856,414</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">(13,983,780</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Put Options Written</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(608,111</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(1,038,112</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(1,646,223</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>TOTAL INVESTMENTS IN SECURITIES</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">(10,735,477</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">(4,894,526</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">(15,630,003</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 6pt; width: 18%; border-top: 0px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(a)</TD>
    <TD>&nbsp;</TD>
    <TD>Please refer to the Schedule of Investments for the industry classifications of these portfolio
holdings.</TD>
</TR>

</TABLE>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following is a reconciliation of Level 3 investments for which significant unobservable
inputs were used to determine fair value:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="20%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Net change</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>in unrealized</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>appreciation/</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>depreciation</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Change in</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>during the</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Balance</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Accrued</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Realized</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>unrealized</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Net</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Transfers in</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Balance</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>period on Level 3</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>as of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>discounts/</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>gain/</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>appreciation/</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>purchases/</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>and/or out</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>as of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>investments held</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>12/31/08</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>(premiums)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>(loss)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>depreciation&#134;</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>(sales)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>of Level 3</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>12/31/09</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>at 12/31/09&#134;</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="33" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>INVESTMENTS IN SECURITIES:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>ASSETS (Market Value):</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Common Stocks:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Energy and Energy Services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">828,810</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">(828,810</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">(828,810</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Warrants:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Energy and Energy Services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">168,003</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(168,003</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(168,003</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Corporate Bonds</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,282,067</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">74,444</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(1,313,161</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">724,781</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">768,131</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(1,313,161</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="33" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>TOTAL INVESTMENTS IN SECURITIES</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">2,278,880</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">74,444</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">(2,309,974</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">724,781</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">768,131</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">(2,309,974</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="33" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 6pt; width: 18%; border-top: 0px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">&#134;</TD>
    <TD>&nbsp;</TD>
    <TD>Net change in unrealized appreciation/depreciation on investments is included in the related
amounts in the Statement of Operations.</TD>
</TR>

</TABLE>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Derivative Financial Instruments.</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Fund may engage in various portfolio investment strategies by investing in a number of
derivative financial instruments for the purpose of increasing the income of the Fund. Investing in
certain derivative financial instruments, including participation in the options, futures, or swap
markets, entails certain execution, liquidity, hedging, tax, and securities, interest, credit, or
currency market risks. Losses may arise if the Adviser&#146;s prediction of movements in the direction
of the securities, foreign currency, and interest rate markets is inaccurate. Losses may also arise
if the counterparty does not perform its duties under a contract, or that, in the event of default,
the Fund may be delayed in or prevented from obtaining payments or other contractual remedies owed
to it under derivative contracts. The creditworthiness of the counterparties is closely monitored
in order to minimize these risks. Participation in derivative transactions involves investment
risks, transaction costs, and potential losses to which the Fund would not be subject absent the
use of these strategies. The consequences of these risks, transaction costs, and losses may have a
negative impact on the Fund&#146;s ability to pay distributions.
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->11<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<!-- xbrl -->


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>THE GABELLI GLOBAL GOLD, NATURAL RESOURCES &#038; INCOME TRUST<BR>
NOTES TO FINANCIAL STATEMENTS (Continued)</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Swap Agreements. </I>The Fund may enter into swap transactions for the purpose of increasing the income
of the Fund. The use of swaps is a highly specialized activity that involves investment techniques
and risks different from those associated with ordinary portfolio security transactions. In a swap,
a set of future cash flows is exchanged between two counterparties. One of these cash flow streams
will typically be based on a reference interest rate combined with the performance of a notional
value of shares of a stock. The other will be based on the performance of the shares of a stock.
Depending on the general state of short-term interest rates and the returns on the Fund&#146;s portfolio
securities at the time a swap transaction reaches its scheduled termination date, there is a risk
that the Fund will not be able to obtain a replacement transaction or that the terms of the
replacement will not be as favorable as on the expiring transaction.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Unrealized gains related to swaps are reported as an asset and unrealized losses are reported as a
liability in the Statement of Assets and Liabilities. The change in value of swaps, including the
accrual of periodic amounts of interest to be paid or received on swaps, is reported as unrealized
gain or loss in the Statement of Operations. A realized gain or loss is recorded upon payment or
receipt of a periodic payment or termination of swap agreements. The Fund held an equity contract
for difference swap through October&nbsp;6, 2009, with an average notional amount of approximately
$3,546,034. At December&nbsp;31, 2009, there were no open equity swap agreements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For the year ended December&nbsp;31, 2009, the effect of equity contract for difference swap agreements
with equity risk exposure can be found in the Statement of Operations under Net Realized and
Unrealized Gain/(Loss) on Investments, Swap Contracts, Securities Sold Short, Written Options, and
Foreign Currency, Net realized gain on swap contracts, and Net change in unrealized appreciation on
swap contracts.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Options. </I>The Fund may purchase or write call or put options on securities or indices for the
purpose of increasing the income of the Fund. As a writer of put options, the Fund receives a
premium at the outset and then bears the risk of unfavorable changes in the price of the financial
instrument underlying the option. The Fund would incur a loss if the price of the underlying
financial instrument decreases between the date the option is written and the date on which the
option is terminated. The Fund would realize a gain, to the extent of the premium, if the price of
the financial instrument increases between those dates. If a written call option is exercised, the
premium is added to the proceeds from the sale of the underlying security in determining whether
there has been a realized gain or loss. If a written put option is exercised, the premium reduces
the cost basis of the security.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As a purchaser of put options, the Fund pays a premium for the right to sell to the seller of the
put option the underlying security at a specified price. The seller of the put has the obligation
to purchase the underlying security upon exercise at the exercise price. If the price of the
underlying security declines, the Fund would realize a gain upon sale or exercise. If the price of
the underlying security increases or stays the same, the Fund would realize a loss upon sale or at
the expiration date, but only to the extent of the premium paid.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In the case of call options, these exercise prices are referred to as &#147;in-the-money&#148;,
&#147;at-the-money&#148;, and &#147;out-of-the-money&#148;, respectively. The Fund may write (a)&nbsp;in-the-money call
options when the Adviser expects that the price of the underlying security will remain stable or
decline during the option period, (b)&nbsp;at-the-money call options when the Adviser expects that the
price of the underlying security will remain stable, decline, or advance moderately during the
option period, and (c)&nbsp;out-of-the-money call options when the Adviser expects that the premiums
received from writing the call option will be greater than the appreciation in the price of the
underlying security above the exercise price. By writing a call option, the Fund limits its
opportunity to profit from any increase in the market value of the underlying security above the
exercise price of the option. Out-of-the-money, at-the-money, and in-the-money put options (the
reverse of call options as to the relation of exercise price to market price) may be utilized in
the same market environments that such call options are used in equivalent transactions. Option
positions that were held at December&nbsp;31, 2009 are presented within the Schedule of Investments.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Fund increased the volume of activity in options contracts during the year ended December&nbsp;31,
2009. Please refer to Note 4 for option activity during 2009.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As of December&nbsp;31, 2009, the value of option positions that were held with equity risk exposure can
be found in the Statement of Assets and Liabilities under Liabilities, Call options written and Put
options written.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For the year ended December&nbsp;31, 2009, the effect of option positions with equity risk exposure can
be found in the Statement of Operations under Net Realized and Unrealized Gain/(Loss) on
Investments, Swap Contracts, Securities Sold Short, Written Options, and Foreign Currency, Net
realized loss on written options and Net change in unrealized appreciation on written options.
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->12<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<!-- xbrl -->


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>THE GABELLI GLOBAL GOLD, NATURAL RESOURCES &#038; INCOME TRUST<BR>
NOTES TO FINANCIAL STATEMENTS (Continued)</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Repurchase Agreements. </I>The Fund may enter into repurchase agreements with primary government
securities dealers recognized by the Federal Reserve Board, with member banks of the Federal
Reserve System, or with other brokers or dealers that meet credit guidelines established by the
Adviser and reviewed by the Board. Under the terms of a typical repurchase agreement, the Fund
takes possession of an underlying debt obligation subject to an obligation of the seller to
repurchase, and the Fund to resell, the obligation at an agreed-upon price and time, thereby
determining the yield during the Fund&#146;s holding period. It is the policy of the Fund to always
receive and maintain securities as collateral whose market value, including accrued interest, is at
least equal to 102% of the dollar amount invested by the Fund in each agreement. The Fund will make
payment for such securities only upon physical delivery or upon evidence of book entry transfer of
the collateral to the account of the custodian. To the extent that any repurchase transaction
exceeds one business day, the value of the collateral is marked-to-market on a daily basis to
maintain the adequacy of the collateral. If the seller defaults and the value of the collateral
declines or if bankruptcy proceedings are commenced with respect to the seller of the security,
realization of the collateral by the Fund may be delayed or limited. At December&nbsp;31, 2009, there
were no open repurchase agreements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Investments in other Investment Companies. </I>The Fund may invest, from time to time, in shares
of other investment companies (or entities that would be considered investment companies but are
excluded from the definition pursuant to certain exceptions under the 1940 Act) (the &#147;Acquired
Funds&#148;) in accordance with the 1940 Act and related rules. Shareholders in the Fund bear the pro
rata portion of the periodic expenses of the Acquired Funds in addition to the Fund&#146;s expenses. For
the year ended December&nbsp;31, 2009, the Fund did not hold any Acquired Funds.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Securities Sold Short. </I>The Fund may enter into short sale transactions. Short selling involves
selling securities that may or may not be owned and, at times, borrowing the same securities for
delivery to the purchaser, with an obligation to replace such borrowed securities at a later date.
The proceeds received from short sales are recorded as liabilities and the Fund records an
unrealized gain or loss to the extent of the difference between the proceeds received and the value
of an open short position on the day of determination. The Fund records a realized gain or loss
when the short position is closed out. By entering into a short sale, the Fund bears the market
risk of an unfavorable change in the price of the security sold short. Dividends on short sales are
recorded as an expense by the Fund on the ex-dividend date and interest expense is recorded on the
accrual basis. The Fund did not hold any short positions as of December&nbsp;31, 2009.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Foreign Currency Translations. </I>The books and records of the Fund are maintained in U.S.
dollars. Foreign currencies, investments, and other assets and liabilities are translated into U.S.
dollars at the current exchange rates. Purchases and sales of investment securities, income, and
expenses are translated at the exchange rate prevailing on the respective dates of such
transactions. Unrealized gains and losses that result from changes in foreign exchange rates and/or
changes in market prices of securities have been included in unrealized appreciation/depreciation
on investments and foreign currency translations. Net realized foreign currency gains and losses
resulting from changes in exchange rates include foreign currency gains and losses between trade
date and settlement date on investment securities transactions, foreign currency transactions, and
the difference between the amounts of interest and dividends recorded on the books of the Fund and
the amounts actually received. The portion of foreign currency gains and losses related to
fluctuation in exchange rates between the initial trade date and subsequent sale trade date is
included in realized gain/loss on investments.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Foreign Securities. </I>The Fund may directly purchase securities of foreign issuers. Investing in
securities of foreign issuers involves special risks not typically associated with investing in
securities of U.S. issuers. The risks include possible revaluation of currencies, the inability to
repatriate funds, less complete financial information about companies, and possible future adverse
political and economic developments. Moreover, securities of many foreign issuers and their markets
may be less liquid and their prices more volatile than those of securities of comparable U.S.
issuers.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Foreign Taxes. </I>The Fund may be subject to foreign taxes on income, gains on investments, or
currency repatriation, a portion of which may be recoverable. The Fund will accrue such taxes and
recoveries as applicable, based upon its current interpretation of tax rules and regulations that
exist in the markets in which it invests.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Concentration Risks. </I>The Fund may invest a high percentage of its assets in specific sectors
of the market in order to achieve a potentially greater investment return. As a result, the Fund
may be more susceptible to economic, political, and regulatory developments in a particular sector
of the market, positive or negative, and may experience increased volatility to the Fund&#146;s NAV and
a magnified effect in its total return.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Securities Transactions and Investment Income. </I>Securities transactions are accounted for on
the trade date with realized gain or loss on investments determined by using the identified cost
method. Interest income (including amortization of premium and accretion of discount) is recorded
on the accrual basis. Premiums and discounts on debt securities are amortized using the effective
yield to maturity method. Dividend income is recorded on the ex-dividend date except for certain
dividends which are recorded as soon as the Fund is informed of the dividend.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->13<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<!-- xbrl -->

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>THE GABELLI GLOBAL GOLD, NATURAL RESOURCES &#038; INCOME TRUST<BR>
NOTES TO FINANCIAL STATEMENTS (Continued)</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Custodian Fee Credits and Interest Expense. </I>When cash balances are maintained in the custody
account, the Fund receives credits which are used to offset custodian fees. The gross expenses paid
under the custody arrangement are included in custodian fees in the Statement of Operations with
the corresponding expense offset, if any, shown as &#147;custodian fee credits.&#148; When cash balances are
overdrawn, the Fund is charged an overdraft fee equal to 110% of the 90&nbsp;day Treasury Bill rate on
outstanding balances. This amount, if any, would be included in &#147;interest expense&#148; in the Statement
of Operations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Distributions to Shareholders. </I>Distributions to common shareholders are recorded on the
ex-dividend date. Distributions to shareholders are based on income and capital gains as determined
in accordance with federal income tax regulations, which may differ from income and capital gains
as determined under U.S. generally accepted accounting principles. These differences are primarily
due to differing treatments of income and gains on various investment securities and foreign
currency transactions held by the Fund, timing differences, and differing characterizations of
distributions made by the Fund. Distributions from net investment income for federal income tax
purposes include net realized gains on foreign currency transactions. These book/tax differences
are either temporary or permanent in nature. To the extent these differences are permanent,
adjustments are made to the appropriate capital accounts in the period when the differences arise.
Permanent differences were primarily due to recharacterization of distributions, swap and swap gain
reclassifications, non-deductible offering costs, and reclassifications of capital gains on passive
foreign investment companies. These reclassifications have no impact on the NAV of the Fund. For
the year ended December&nbsp;31, 2009, reclassifications were made to decrease accumulated net
investment income by $4,569,955 and to decrease accumulated distributions in excess of net realized
gain on investments, swap contracts, securities sold short, written options, and foreign currency
transactions by $5,125,676, with an offsetting adjustment to paid-in capital.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Distributions to shareholders of the Fund&#146;s 6.625% Series&nbsp;A Cumulative Preferred Shares are
recorded on a daily basis.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The tax character of distributions paid during the years ended December&nbsp;31, 2009 and December
31, 2008 was as follows:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6"><B>Year Ended</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6"><B>Year Ended</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 1px solid #000000"><B>December 31, 2009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 1px solid #000000"><B>December 31, 2008</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Common</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Preferred</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Common</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Preferred</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->


<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><b>Distributions paid from:</b></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Ordinary income
(inclusive of short-term capital gains) </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">12,246,692</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">4,958,450</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">3,495,606</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">2,071,054</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net long-term capital gains </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,844,859</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,556,710</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,661,790</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,539,410</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Return of capital </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22,238,654</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19,313,777</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total distributions paid </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">38,330,205</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">6,515,160</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">30,471,173</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">6,610,464</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Provision for Income Taxes. </I>The Fund intends to continue to qualify as a regulated investment
company under Subchapter M of the Internal Revenue Code of 1986, as amended (the &#147;Code&#148;). It is the
policy of the Fund to comply with the requirements of the Code applicable to regulated investment
companies and to distribute substantially all of its net investment company taxable income and net
capital gains. Therefore, no provision for federal income taxes is required.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of December&nbsp;31, 2009, the components of accumulated earnings/losses on a tax basis were as
follows:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net unrealized appreciation on investments, written options, and
foreign currency translations </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">3,948,447</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other temporary differences* </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(856,241</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">3,092,206</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">*</TD>
    <TD>&nbsp;</TD>
    <TD>Other temporary differences are primarily due to adjustments on preferred share class
distribution payables, income from investments in hybrid securities, and straddle losses
outstanding.</TD>
</TR>

</TABLE>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At December&nbsp;31, 2009, the difference between book basis and tax basis unrealized
appreciation/depreciation was primarily due to deferral of losses from wash sales for tax purposes
and mark-to-market adjustments on passive foreign investment companies.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following summarizes the tax cost of investments, written options, and the related
unrealized appreciation/depreciation at December&nbsp;31, 2009:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Gross</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Gross</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Net Unrealized</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Cost/</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Unrealized</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Unrealized</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Appreciation/</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Premiums</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Appreciation</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Depreciation</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Depreciation</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Investments </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">628,165,008</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">50,945,101</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(52,176,529</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(1,231,428</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Written options </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(20,812,335</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,343,227</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(4,160,895</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,182,332</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">607,352,673</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">60,288,328</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(56,337,424</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">3,950,904</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Fund is required to evaluate tax positions taken or expected to be taken in the course of
preparing the Fund&#146;s tax returns to determine whether the tax positions are &#147;more-likely-than-not&#148;
of being sustained by the applicable tax authority. Income tax and related interest and penalties
would be recognized by the Fund as tax expense in the Statement of Operations if the tax positions
were deemed to not meet the more-likely-than-not threshold. For the year ended December&nbsp;31, 2009,
the Fund did not incur any income
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->14<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<!-- xbrl -->

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>THE GABELLI GLOBAL GOLD, NATURAL RESOURCES &#038; INCOME TRUST<BR>
NOTES TO FINANCIAL STATEMENTS (Continued)</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">tax, interest, or penalties. As of December&nbsp;31, 2009, the Adviser has reviewed all open tax years
and concluded that there was no impact to the Fund&#146;s net assets or results of operations. Tax years
ended December&nbsp;31, 2007 through December&nbsp;31, 2009, remain subject to examination by the Internal
Revenue Service and state taxing authorities. On an ongoing basis, the Adviser will monitor its tax
positions to determine if adjustments to this conclusion are necessary.
</DIV>

<!-- xbrl,n -->
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>3. Agreements and Transactions with Affiliates. </B><!-- xbrl,body -->The Fund has entered into an investment advisory
agreement (the &#147;Advisory Agreement&#148;) with the Adviser which provides that the Fund will pay the
Adviser a fee, computed weekly and paid monthly, equal on an annual basis to 1.00% of the value of
the Fund&#146;s average weekly net assets including the liquidation value of preferred shares. In
accordance with the Advisory Agreement, the Adviser provides a continuous investment program for
the Fund&#146;s portfolio and oversees the administration of all aspects of the Fund&#146;s business and
affairs.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The cost of calculating the Fund&#146;s NAV per share is a Fund expense pursuant to the Advisory
Agreement between the Fund and the Adviser. During the year ended December&nbsp;31, 2009, the Fund paid
or accrued $45,000 to the Adviser in connection with the cost of computing the Fund&#146;s NAV.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As per the approval of the Board, the Fund compensates officers of the Fund, who are employed by
the Fund and are not employed by the Adviser (although the officers may receive incentive based
variable compensation from affiliates of the Adviser) and pays its allocated portion of the cost of
the Fund&#146;s Chief Compliance Officer. For the year ended December&nbsp;31, 2009, the Fund paid or accrued
$147,901 in payroll expenses in the Statement of Operations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Fund pays each Trustee who is not considered an affiliated person an annual retainer of $6,000
plus $1,000 for each Board meeting attended. Each Trustee is reimbursed by the Fund for any out of
pocket expenses incurred in attending meetings. All Board committee members receive $500 per
meeting attended, the Audit Committee Chairman receives an annual fee of $3,000, the Nominating
Committee Chairman receives an annual fee of $2,000, and the Lead Trustee receives an annual fee of
$1,000. A Trustee may receive a single meeting fee, allocated among the participating funds, for
participation in certain meetings held on behalf of multiple funds. Trustees who are directors or
employees of the Adviser or an affiliated company receive no compensation or expense reimbursement
from the Fund.
</DIV>
<!-- xbrl,n -->
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>4. Portfolio Securities. </B><!-- xbrl,body -->Purchases and sales of securities for the year ended December&nbsp;31, 2009,
other than short-term securities and U.S. Government obligations, aggregated $406,016,454 and
$247,635,253, respectively.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Purchases of U.S. Government obligations for the year ended December&nbsp;31, 2009, other than
short-term obligations, aggregated $8,014,512.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Written options activity for the Fund for the year ended December&nbsp;31, 2009 was as follows:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Number of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Contracts</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Premiums</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Options outstanding at December&nbsp;31, 2008 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">121,693</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">20,906,188</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Options written </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">639,154</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">91,260,961</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Options repurchased </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(382,809</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(57,047,385</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Options expired </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(142,359</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(18,769,475</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Options exercised </DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(71,367</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(15,537,954</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Options outstanding at December&nbsp;31, 2009 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">164,312</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">20,812,335</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<!-- xbrl,n -->
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>5. Capital. </B><!-- xbrl,body -->The Fund is authorized to issue an unlimited number of common shares of beneficial
interest (par value $0.001). The Board has authorized the repurchase of its shares in the open
market when the shares are trading at a discount of 7.5% or more (or such other percentage as the
Board may determine from time to time) from the NAV of the shares. During the year ended December
31, 2009, the Fund did not repurchase any shares of beneficial interest.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Fund filed a $350&nbsp;million shelf offering with the SEC that was effective September&nbsp;24, 2007.
The shelf offering gave the Fund the ability to offer additional common and preferred shares.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On October&nbsp;16, 2007, the Fund completed the placement of $100&nbsp;million of Cumulative Preferred
Shares (&#147;Preferred Shares&#148;). The Preferred Shares are senior to the common shares and result in the
financial leveraging of the common shares. Such leveraging tends to magnify both the risks and
opportunities to common shareholders. Dividends on the 6.625% Series&nbsp;A Preferred Shares are
cumulative. The Fund is required by the 1940 Act and by the Statement of Preferences to meet
certain asset coverage tests with respect to the Preferred Shares. If the Fund fails to meet these
requirements and does not correct such failure, the Fund may be required to redeem, in part or in
full, the Preferred Shares at the redemption price of $25 per share plus an amount equal to the
accumulated and unpaid dividends whether or not declared on such shares in order to meet the
requirements. Additionally, failure to meet the foregoing asset coverage requirements could
restrict the Fund&#146;s ability to pay dividends to common shareholders and could lead to sales of
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->15<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<!-- xbrl -->

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>THE GABELLI GLOBAL GOLD, NATURAL RESOURCES &#038; INCOME TRUST<BR>
NOTES TO FINANCIAL STATEMENTS (Continued)</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">portfolio securities at inopportune times. The income received on the Fund&#146;s assets may vary in a
manner unrelated to the fixed rate, which could have either a beneficial or detrimental impact on
net investment income and gains available to common shareholders.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On October&nbsp;16, 2007, the Fund received net proceeds of $96,450,000 (after underwriting discounts of
$3,150,000 and offering expenses of $400,000) from the public offering of 4,000,000 shares of
6.625% Series&nbsp;A Cumulative Preferred Shares. Commencing October&nbsp;16, 2012, and at any time
thereafter, the Fund, at its option, may redeem the Preferred Shares in whole or in part at the
redemption price. The Board has authorized the repurchase of the Preferred Shares in the open
market at prices less than the $25 liquidation value per share. During the year ended December&nbsp;31,
2009, the Fund repurchased and retired 1,788 of the Preferred Shares in the open market at a cost
of $41,966 and an average discount of approximately 6.16% from its liquidation preference. At
December&nbsp;31, 2009, 3,955,687 Preferred Shares were outstanding and accrued dividends amounted to
$72,796.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">During the year ended December&nbsp;31, 2008, the Fund repurchased and retired 42,525 of the Preferred
Shares in the open market at a cost of $923,313 and an average discount of approximately 13.15%
from its liquidation preference.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">During the year ended December&nbsp;31, 2009, the Fund issued 13,989,100 shares of beneficial interest
through various &#147;at the market offerings&#148;. The net proceeds received from these various offerings
was $207,429,594 (net of sales manager commissions of $3,797,829 and offering expenses of
$421,000). The net proceeds received from the various offerings exceeded the net asset value of the
shares by $6,249,864.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Gabelli &#038; Company, Inc., an affiliate of the Adviser, acted as sales manager for all of the
offerings and collected sales manager commissions of $3,797,829.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As of December&nbsp;31, 2009, after considering the issuance of the preferred and common shares, the
Fund has approximately $42&nbsp;million available for issuance under the shelf offering.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Transactions in shares of beneficial interest were as follows:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6"><B>Year Ended</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6"><B>Year Ended</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 1px solid #000000"><B>December 31, 2009</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 1px solid #000000"><B>December 31, 2008</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Shares</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Amount</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Shares</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Amount</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Shares issued pursuant to $350&nbsp;million shelf offering </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,989,100</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">207,850,594</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net increase from shares issued
upon reinvestment of distributions </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">469,004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,768,233</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">217,095</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">3,057,687</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,458,104</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">214,618,827</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">217,095</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">3,057,687</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<!-- xbrl,n -->
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>6. Indemnifications. </B><!-- xbrl,body -->The Fund enters into contracts that contain a variety of indemnifications. The
Fund&#146;s maximum exposure under these arrangements is unknown. However, the Fund has not had prior
claims or losses pursuant to these contracts and expects the risk of loss to be remote.
</DIV>

<!-- xbrl,n -->
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>7. Other Matters. </B><!-- xbrl,body -->On April&nbsp;24, 2008, the Adviser entered into an administrative settlement with the
SEC to resolve the SEC&#146;s inquiry regarding prior frequent trading activity in shares of the GAMCO
Global Growth Fund (the &#147;Global Growth Fund&#148;) by one investor who was banned from the Global Growth
Fund in August&nbsp;2002. In the settlement, the SEC found that the Adviser had violated Section&nbsp;206(2)
of the Investment Advisers Act, Section 17(d) of the 1940 Act, and Rule&nbsp;17d-1 thereunder, and had
aided and abetted and caused violations of Section&nbsp;12(d)(1)(B)(i) of the 1940 Act. Under the terms
of the settlement, the Adviser, while neither admitting nor denying the SEC&#146;s findings and
allegations, agreed, among other things, to pay the previously reserved total of $16&nbsp;million
(including a $5&nbsp;million penalty), of which at least $11&nbsp;million will be distributed to shareholders
of the Global Growth Fund in accordance with a plan developed by an independent distribution
consultant and approved by the independent directors of the Global Growth Fund and the staff of the
SEC, and to cease and desist from future violations of the above referenced federal securities
laws. The settlement will not have a material adverse impact on the Adviser or its ability to
fulfill its obligations under the Advisory Agreement. On the same day, the SEC filed a civil action
against the Executive Vice President and Chief Operating Officer of the Adviser, alleging
violations of certain federal securities laws arising from the same matter. The officer is also an
officer of the Global Growth Fund and other funds in the Gabelli/GAMCO fund complex including the
Fund. The officer denies the allegations and is continuing in his positions with the Adviser and
the funds. The Adviser currently expects that any resolution of the action against the officer will
not have a material adverse impact on the Fund or the Adviser or its ability to fulfill its
obligations under the Advisory Agreement.
</DIV>

<!-- xbrl,n -->
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>8. Subsequent Events. </B><!-- xbrl,body -->The Fund filed a $350&nbsp;million shelf offering with the SEC that was effective
February&nbsp;10, 2010. The shelf offering gives the Fund the ability to offer additional common and
preferred shares.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Management has evaluated the impact on the Fund of events occurring subsequent to December&nbsp;31,
2009, on the Fund through February&nbsp;25, 2010, the date the financial statements were issued, and has
determined that there were no additional subsequent events requiring recognition or disclosure in
the financial statements.
</DIV>

<!-- /xbrl,ns -->

<P align="center" style="font-size: 10pt"><!-- Folio -->16<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>THE GABELLI GLOBAL GOLD, NATURAL RESOURCES &#038; INCOME TRUST<BR>
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">To the Board of Trustees and Shareholders of<BR>
The Gabelli Global Gold, Natural Resources &#038; Income Trust:

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In our opinion, the accompanying statement of assets and liabilities, including the schedule of
investments, and the related statements of operations and of changes in net assets and the
financial highlights present fairly, in all material respects, the financial position of The
Gabelli Global Gold, Natural Resources &#038; Income Trust (hereafter referred to as the &#147;Trust&#148;) at
December&nbsp;31, 2009, the results of its operations for the year then ended, the changes in its net
assets for each of the two years in the period then ended and the financial highlights for each of
the periods presented, in conformity with accounting principles generally accepted in the United
States of America. These financial statements and financial highlights (hereafter referred to as
&#147;financial statements&#148;) are the responsibility of the Trust&#146;s management. Our responsibility is to
express an opinion on these financial statements based on our audits. We conducted our audits of
these financial statements in accordance with the standards of the Public Company Accounting
Oversight Board (United States). Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements, assessing the accounting principles used and significant
estimates made by management, and evaluating the overall financial statement presentation. We
believe that our audits, which included confirmation of securities at December&nbsp;31, 2009 by
correspondence with the custodian and brokers, provide a reasonable basis for our opinion.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">PricewaterhouseCoopers LLP<BR>
New York, New York<BR>
February&nbsp;25, 2010

</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->17<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>THE GABELLI GLOBAL GOLD, NATURAL RESOURCES &#038; INCOME TRUST<BR>
ADDITIONAL FUND INFORMATION (Unaudited)</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The business and affairs of the Fund are managed under the direction of the Fund&#146;s Board of
Trustees. Information pertaining to the Trustees and officers of the Fund is set forth below. The
Fund&#146;s Statement of Additional Information includes additional information about the Fund&#146;s
Trustees and is available without charge, upon request, by calling 800-GABELLI (800-422-3554) or by
writing to The Gabelli Global Gold Natural Resources &#038; Income Trust at One Corporate Center, Rye,
NY 10580-1422.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="15%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Number of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Term of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Funds in Fund</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Name, Position(s)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Office and</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Complex</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Address</B><SUP style="font-size: 85%; vertical-align: text-top"><B>1</B></SUP></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Length of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Overseen by</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Principal Occupation(s)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Other Directorships</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>and Age</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Time Served</B><SUP style="font-size: 85%; vertical-align: text-top"><B>2</B></SUP></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Trustee</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>During Past Five Years</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Held by Trustee</B><SUP style="font-size: 85%; vertical-align: text-top"><B>4</B></SUP></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap valign="top"><DIV style="margin-left:0px; text-indent:-0px"><u><B>INTERESTED TRUSTEE</B></u><B>:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Salvatore M. Salibello</B><SUP style="font-size: 85%; vertical-align: text-top"><B>3</B></SUP><br>
Trustee<br>
Age: 64
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" valign="top">Since 2005***
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Certified Public Accountant and Managing
Partner of the public accounting firm Salibello &#038;
Broder LLP since 1978
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#151;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap valign="top"><DIV style="margin-left:0px; text-indent:-0px"><u><B>INDEPENDENT TRUSTEES</B></u><SUP style="font-size: 85%; vertical-align: text-top"><B>5</B></SUP><B>:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Anthony J. Colavita</B><br>
Trustee<br>
Age: 74
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Since 2005**
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">34</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President of the law firm of
Anthony J. Colavita, P.C.
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#151;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>James P. Conn</B><br>
Trustee<br>
Age: 71
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Since 2005***
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">18</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Former Managing Director and Chief Investment
Officer of Financial Security Assurance Holdings
Ltd. (insurance holding company) (1992-1998)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#151;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Mario d&#146;Urso</B><br>
Trustee<br>
Age: 69
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Since 2005*
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">5</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman of Mittel Capital Markets S.p.A.,
since 2001; Senator in the Italian
Parliament (1996-2001)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#151;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Vincent D. Enright</B><br>
Trustee<br>
Age: 66
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Since 2005*
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">16</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Former Senior Vice President and Chief
Financial Officer of KeySpan Corporation
(public utility) (1994-1998)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director of Echo Therapeutics,
Inc. (therapeutics and diagnostics)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Frank J. Fahrenkopf, Jr.</B><br>
Trustee<br>
Age: 70
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Since 2005**
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">6</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President and Chief Executive Officer of the
American Gaming Association; Co-Chairman
of the Commission on Presidential Debates;
Former Chairman of the Republican
National Committee (1983-1989)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#151;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Michael J. Melarkey</B><br>
Trustee<br>
Age: 60
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Since 2005*
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">5</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Partner in the law firm of Avansino,
Melarkey, Knobel &#038; Mulligan
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director of Southwest Gas
Corporation (natural gas utility)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Anthonie C. van Ekris</B><br>
Trustee<br>
Age: 75
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Since 2005***
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">20</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman of BALMAC International, Inc.
(commodities and futures trading)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#151;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Salvatore J. Zizza</B><br>
Trustee<br>
Age: 64
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Since 2005**
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">28</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman of Zizza &#038; Co., Ltd.
(consulting)
</TD>
    <TD>&nbsp;</TD>
    <TD NOWRAP align="left" valign="top">Director of Hollis-Eden<BR>
Pharmaceuticals (biotechnology);<BR>
Director of Trans-Lux <BR>Corporation (business services)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->18<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>THE GABELLI GLOBAL GOLD, NATURAL RESOURCES &#038; INCOME TRUST<BR>
ADDITIONAL FUND INFORMATION (Continued) (Unaudited)</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="20%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="60%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Term of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Name, Position(s)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Office and</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Address</B><SUP style="font-size: 85%; vertical-align: text-top"><B>1</B></SUP></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Length of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Principal Occupation(s)</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>and Age</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Time Served</B><SUP style="font-size: 85%; vertical-align: text-top"><B>2</B></SUP></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>During Past Five Years</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><u><B>OFFICERS</B></u><B>:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Bruce N. Alpert</B><br>
President<br>
Age: 58
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Since 2005
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice President and Chief Operating Officer of Gabelli Funds, LLC since 1988 and
an officer of all of the registered investment companies in the Gabelli/GAMCO Funds complex.
Director and President of Teton Advisors, Inc. 1998 through 2008; Chairman of Teton Advisors, Inc.
since 2008; Senior Vice President of GAMCO Investors, Inc. since 2008</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Carter W. Austin</B><br>
Vice President<br>
Age: 43
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Since 2005
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vice President of The Gabelli Equity Trust since 2000, The Gabelli Dividend &#038; Income Trust since
2003, The Gabelli Global Deal Fund since 2006, and The Gabelli Healthcare &#038; Wellness<SUP style="font-size: 85%; vertical-align: text-top">Rx </SUP>Trust
since 2007; Vice President of Gabelli Funds, LLC since 1996</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Christopher Mancini</B><br>
Assistant Vice President
and Ombudsman<br>
Age: 33
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Since 2009
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Investment Analyst MJG Associates Inc. 2008; Senior Investment Analyst Heyman Investment
Associates 2007; Partner/Senior Equity Analyst R6 Capital Management, LP 2006; Senior Analyst
Satellite Asset Management, LP 2000 through 2005</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Molly A.F. Marion</B><br>
Vice President<br>
Age: 55
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Since 2005
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vice President of The Gabelli Equity Trust since 2009, Assistant Vice President of GAMCO Investors,
Inc. since 2006</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Agnes Mullady</B><br>
Treasurer and Secretary<br>
Age: 51
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Since 2006
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President of GAMCO Investors, Inc since 2009; Vice President of Gabelli Funds, LLC since
2007; Officer of all of the registered investment companies in the Gabelli/GAMCO Funds complex;
Senior Vice President of U.S. Trust Company, N.A. and Treasurer and Chief Financial Officer of</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Excelsior Funds from 2004 through 2005</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Peter D. Goldstein</B><br>
Chief Compliance Officer<br>
Age: 56
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Since 2005
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director of Regulatory Affairs at GAMCO Investors, Inc. since 2004; Chief Compliance
Officer of all of the registered investment companies in the Gabelli/GAMCO Funds complex</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="font-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>Address: One Corporate Center, Rye, NY 10580-1422, unless otherwise noted.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="font-size: 85%; vertical-align: text-top">2</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>The Fund&#146;s Board of Trustees is divided into three classes, each class having a term
of three years. Each year the term of office of one class expires and the successor or
successors elected to such class serve for a three year term. The three year term for each
class expires as follows:</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>*&nbsp;&nbsp;&nbsp;&nbsp;&#151;Term expires at the Fund&#146;s 2010 Annual Meeting of Shareholders or until their successors
are duly elected and qualified.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>**&nbsp;&nbsp;&#151;Term expires at the Fund&#146;s 2011 Annual Meeting of Shareholders or until their successors
are duly elected and qualified.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>***&#151;Term expires at the Fund&#146;s 2012 Annual Meeting of Shareholders or until their successors are
duly elected and qualified.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Each officer will hold office for an indefinite term until the date he or she resigns or retires
or until his or her successor is elected and qualified.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="font-size: 85%; vertical-align: text-top">3</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>&#147;Interested person&#148; of the Fund as defined in the 1940 Act. Mr.&nbsp;Salibello may be considered an &#147;interested person&#148; of the Fund as a result of being a partner in an accounting firm that provides professional services to affiliates of the Adviser.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="font-size: 85%; vertical-align: text-top">4</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>This column includes only directorships of companies required to report to the SEC under the Securities Exchange Act of 1934, as amended (i.e. public companies) or other investment companies registered under the 1940 Act.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="font-size: 85%; vertical-align: text-top">5</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>Trustees who are not interested persons are considered &#147;Independent&#148; Trustees.</TD>
</TR>

</TABLE>




<P align="center" style="font-size: 10pt"><!-- Folio -->19<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>THE GABELLI GLOBAL GOLD, NATURAL RESOURCES &#038; INCOME TRUST</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 0pt"><B>INCOME TAX INFORMATION (Unaudited) <br>December&nbsp;31, 2009</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Cash Dividends and Distributions</B>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="23%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Total Amount</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Ordinary</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Long-Term</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Dividend</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Payable</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Record</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Paid</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Investment</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Capital</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Return of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Reinvestment</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Date</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Date</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Per Share</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Income</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Gains</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Capital (a)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Price</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Common Stock</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">01/23/09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">01/15/09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">0.14000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">0.04856</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">0.09144</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">14.8865</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">02/20/09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">02/12/09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.14000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.04856</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.09144</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13.2525</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">03/24/09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">03/17/09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.14000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.04856</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.09144</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14.6490</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">04/23/09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">04/16/09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.14000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.04856</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.09144</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.5400</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">05/21/09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">05/14/09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.14000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.04856</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.09144</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14.5540</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">06/23/09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">06/16/09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.14000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.04856</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.09144</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13.2050</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">07/24/09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">07/17/09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.14000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.04856</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.09144</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13.7500</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">08/24/09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">08/17/09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.14000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.04856</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.09144</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14.0400</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">09/23/09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">09/16/09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.14000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.04856</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.09144</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15.0900</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10/23/09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10/16/09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.14000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.04856</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.09144</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15.7300</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11/20/09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11/13/09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.14000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.04856</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.09144</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15.9600</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12/17/09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12/14/09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.14000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.00615</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">0.12228</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.01157</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15.4700</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1.68000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">0.54031</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">0.12228</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1.01741</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD colspan="9" align="left"><B>6.625% Series&nbsp;A Cumulative Preferred Shares</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">03/26/09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">03/19/09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">0.41406</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">0.41406</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">06/26/09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">06/19/09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.41406</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.41406</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">09/28/09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">09/21/09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.41406</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.41406</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12/28/09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12/18/09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.41406</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.01360</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">0.40047</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1.65625</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1.25578</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">0.40047</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A Form 1099-DIV has been mailed to all shareholders of record which sets forth specific
amounts to be included in your 2009 tax returns. Ordinary income distributions include net
investment income and realized net short-term capital gains. Ordinary income is reported in box 1a
of Form 1099-DIV. Capital gain distributions are reported in box 2a of Form 1099-DIV.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The long-term gain distributions for the fiscal year ended December&nbsp;31, 2009 were $5,401,569,
or the maximum amount.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Corporate Dividends Received Deduction, Qualified Dividend Income, and U.S. Government Securities
Income</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In 2009, the Fund paid to common and 6.625% Series&nbsp;A Cumulative Preferred shareholders
ordinary income dividends of $0.25914 and $0.60224 per share, respectively. For 2009, 4.97% of the
ordinary dividend qualified for the dividend received deduction available to corporations, 4.41% of
the ordinary income distribution was deemed qualified dividend income, and 42.82% of ordinary
income distribution was qualified interest income. The percentage of ordinary income dividends paid
by the Fund during 2009 derived from U.S. Government securities was 0.11%. Such income is exempt
from state and local taxes in all states. However, many states, including New York and California,
allow a tax exemption for a portion of the income earned only if a mutual fund has invested at
least 50% of its assets at the end of each quarter of its fiscal year in U.S. Government
securities. The Fund did not meet this strict requirement in 2009. The percentage of U.S.
Government securities held as of December&nbsp;31, 2009 was 7.04%.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Historical Distribution Summary</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="28%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Short-Term</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Long-Term</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Adjustment</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Investment</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Capital</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Capital</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Return of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Total</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>to Cost</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Income (b)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Gains (b)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Gains</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Capital (a)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Distributions (c)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Basis</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Common Stock</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2009 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">0.25914</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">0.28117</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">0.12228</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1.01741</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1.68000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1.01741</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2008 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.11760</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.39240</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.17000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.68000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.17000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2007 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.14980</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.98430</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.79590</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.93000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2006 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.45430</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.28570</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.74000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2005 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.08460</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.07540</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.16000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>6.625% Series&nbsp;A Cumulative Preferred Shares</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2009 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">0.6022443</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">0.6535402</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">0.4004655</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1.65625</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2008 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.38281</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.27344</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.65625</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2007 </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.01987</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.09151</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.21527</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.32665</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(a)</TD>
    <TD>&nbsp;</TD>
    <TD>Non-taxable.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(b)</TD>
    <TD>&nbsp;</TD>
    <TD>Taxable as ordinary income for Federal tax purposes.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(c)</TD>
    <TD>&nbsp;</TD>
    <TD>Total amounts may differ due to
rounding.</TD>
</TR>

</TABLE>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All designations are based on financial information available as of the date of this annual
report and, accordingly, are subject to change. For each item, it is the intention of the Fund to
designate the maximum amount permitted under the Internal Revenue Code and the regulations
thereunder.
</DIV>
<P>
<DIV style="width: 90%; border: 1px solid black; padding: 0px; margin-left: 50px">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">The Annual Meeting of The Gabelli Global Gold, Natural Resources &#038; Income Trust&#146;s
shareholders will be held on Monday, May&nbsp;17, 2010 at the Greenwich Library in Greenwich,
Connecticut.
</DIV>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->20<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>AUTOMATIC DIVIDEND REINVESTMENT<BR>
AND VOLUNTARY CASH PURCHASE PLANS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Enrollment in the Plan</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;It is the policy of The Gabelli Global Gold, Natural Resources &#038; Income Trust (the &#147;Fund&#148;) to
automatically reinvest dividends payable to common shareholders. As a &#147;registered&#148; shareholder you
automatically become a participant in the Fund&#146;s Automatic Dividend Reinvestment Plan (the &#147;Plan&#148;).
The Plan authorizes the Fund to credit common shares to participants upon an income dividend or a
capital gains distribution regardless of whether the shares are trading at a discount or a premium
to net asset value. All distributions to shareholders whose shares are registered in their own
names will be automatically reinvested pursuant to the Plan in additional shares of the Fund. Plan
participants may send their share certificates to American Stock Transfer (&#147;AST&#148;) to be held in
their dividend reinvestment account. Registered shareholders wishing to receive their distributions
in cash must submit this request in writing to:
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">The Gabelli Global Gold, Natural Resources &#038; Income Trust<BR>
c/o American Stock Transfer<BR>
6201 15th Avenue<BR>
Brooklyn, NY 11219
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shareholders requesting this cash election must include the shareholder&#146;s name and address as
they appear on the share certificate. Shareholders with additional questions regarding the Plan or
requesting a copy of the terms of the Plan, may contact AST at (888)&nbsp;422-3262.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If your shares are held in the name of a broker, bank, or nominee, you should contact such
institution. If such institution is not participating in the Plan, your account will be credited
with a cash dividend. In order to participate in the Plan through such institution, it may be
necessary for you to have your shares taken out of &#147;street name&#148; and reregistered in your own name.
Once registered in your own name your distributions will be automatically reinvested. Certain
brokers participate in the Plan. Shareholders holding shares in &#147;street name&#148; at participating
institutions will have dividends automatically reinvested. Shareholders wishing a cash dividend at
such institution must contact their broker to make this change.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The number of common shares distributed to participants in the Plan in lieu of cash dividends
is determined in the following manner. Under the Plan, whenever the market price of the Fund&#146;s
common shares is equal to or exceeds net asset value at the time shares are valued for purposes of
determining the number of shares equivalent to the cash dividends or capital gains distribution,
participants are issued common shares valued at the greater of (i)&nbsp;the net asset value as most
recently determined or (ii)&nbsp;95% of the then current market price of the Fund&#146;s common shares. The
valuation date is the dividend or distribution payment date or, if that date is not a NYSE Amex
trading day, the next trading day. If the net asset value of the common shares at the time of
valuation exceeds the market price of the common shares, participants will receive common shares
from the Fund valued at market price. If the Fund should declare a dividend or capital gains
distribution payable only in cash, AST will buy common shares in the open market, or on the NYSE
Amex, or elsewhere, for the participants&#146; accounts, except that AST will endeavor to terminate
purchases in the open market and cause the Fund to issue shares at net asset value if, following
the commencement of such purchases, the market value of the common shares exceeds the then current
net asset value.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The automatic reinvestment of dividends and capital gains distributions will not relieve
participants of any income tax which may be payable on such distributions. A participant in the
Plan will be treated for federal income tax purposes as having received, on a dividend payment
date, a dividend or distribution in an amount equal to the cash the participant could have received
instead of shares.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->21<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Voluntary Cash Purchase Plan</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Voluntary Cash Purchase Plan is yet another vehicle for our shareholders to increase their
investment in the Fund. In order to participate in the Voluntary Cash Purchase Plan, shareholders
must have their shares registered in their own name.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Participants in the Voluntary Cash Purchase Plan have the option of making additional cash
payments to AST for investments in the Fund&#146;s common shares at the then current market price.
Shareholders may send an amount from $250 to $10,000. AST will use these funds to purchase shares
in the open market on or about the 1st and 15th of each month. AST will charge each shareholder who
participates a pro rata share of the brokerage commissions. Brokerage charges for such purchases
are expected to be less than the usual brokerage charge for such transactions. It is suggested that
any voluntary cash payments be sent to American Stock Transfer, 6201 15th Avenue, Brooklyn, NY
11219 such that AST receives such payments approximately 10&nbsp;days before the investment date. Funds
not received at least five days before the investment date shall be held for investment until the
next purchase date. A payment may be withdrawn without charge if notice is received by AST at least
48 hours before such payment is to be invested.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Shareholders wishing to liquidate shares held at AST </I>must do so in writing or by telephone.
Please submit your request to the above mentioned address or telephone number. Include in your
request your name, address, and account number. The cost to liquidate shares is $1.00 per
transaction as well as the brokerage commission incurred. Brokerage charges are expected to be less
than the usual brokerage charge for such transactions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For more information regarding the Automatic Dividend Reinvestment Plan and Voluntary Cash
Purchase Plan, brochures are available by calling (914)&nbsp;921-5070 or by writing directly to the
Fund.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Fund reserves the right to amend or terminate the Plan as applied to any voluntary cash
payments made and any dividend or distribution paid subsequent to written notice of the change sent
to the members of the Plan at least 90&nbsp;days before the record date for such dividend or
distribution. The Plan also may be amended or terminated by AST on at least 90&nbsp;days written notice
to participants in the Plan.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->22<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>


<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><IMG src="p17039p1703902.gif" alt="(ALL FLAGS LOGO)">
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>TRUSTEES AND OFFICERS<BR>
THE GABELLI GLOBAL GOLD, NATURAL RESOURCES &#038; INCOME TRUST<BR>
One Corporate Center, Rye, NY 10580-1422</B>
</DIV>

<DIV style="position: relative; float: left; width: 48%">


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B><I>Trustees</I></B></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Anthony J. Colavita</DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>President,</I></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>Anthony J. Colavita, P.C.</I></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">James P. Conn</DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>Former Managing Director &#038;</I></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>Chief Investment Officer,</I></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>Financial Security Assurance Holdings Ltd.</I></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Mario d&#146;Urso</DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>Former Italian Senator</I></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Vincent D. Enright</DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>Former Senior Vice President &#038;</I></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>Chief Financial Officer,</I></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>KeySpan Corp.</I></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Frank J. Fahrenkopf, Jr.</DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>President &#038; Chief Executive Officer,</I></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>American Gaming Association</I></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Michael J. Melarkey</DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>Attorney-at-Law,</I></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>Avansino, Melarkey, Knobel &#038; Mulligan</I></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Salvatore M. Salibello</DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>Certified Public Accountant,</I></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>Salibello &#038; Broder, LLP</I></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Anthonie C. van Ekris</DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>Chairman, BALMAC International, Inc.</I></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Salvatore J. Zizza</DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>Chairman, Zizza &#038; Co., Ltd.</I></DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
</DIV>



<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom" style="font-size: 0pt" >
    <TD width="100%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B><I>Officers</I></B></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Bruce N. Alpert</DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>President</I></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Carter W. Austin</DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>Vice President</I></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Peter D. Goldstein</DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>Chief Compliance Officer</I></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Christopher Mancini</DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>Assistant Vice President &#038; Ombudsman</I></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Molly A.F. Marion</DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>Vice President</I></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Agnes Mullady</DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>Treasurer and Secretary</I></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B><I>Investment Adviser</I></B></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gabelli Funds, LLC</DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">One Corporate Center</DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Rye, New York 10580-1422</DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B><I>Custodian</I></B></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">The Bank of New York Mellon</DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B><I>Counsel</I></B></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Skadden, Arps, Slate, Meagher &#038; Flom LLP</DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B><I>Transfer Agent and Registrar</I></B></DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">American Stock Transfer and Trust Company</DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B><I>Stock Exchange Listing</I></B></DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">6.625%</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Common</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Preferred</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">NYSE Amex&#150;Symbol:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">GGN</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">GGN PrA</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Shares Outstanding:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">32,761,261</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,955,687</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Net Asset Value per share appears in the Publicly Traded Funds column, under the heading
&#147;Specialized Equity Funds,&#148; in Monday&#146;s The Wall Street Journal. It is also listed in Barron&#146;s
Mutual Funds/Closed End Funds section under the heading &#147;Specialized Equity Funds.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Net Asset Value per share may be obtained each day by calling (914)&nbsp;921-5070 or visiting
www.gabelli.com.
</DIV>

<P>
<DIV style="width: 100%; border: 1px solid black; padding: 11px;">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For general information about the Gabelli Funds, call <B>800-GABELLI </B>(800-422-3554), fax us at
914-921-5118, visit Gabelli Funds&#146; Internet homepage at: <B>www.gabelli.com, </B>or e-mail us at:
closedend@gabelli.com
</DIV>
</DIV>

<P>
<DIV style="width: 100%; border: 1px solid black; padding: 11px;">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Notice is hereby given in accordance with Section 23(c) of the Investment Company Act of 1940, as
amended, that the Fund may, from time to time, purchase its common shares in the open market when
the Fund&#146;s shares are trading at a discount of 7.5% or more from the net asset value of the
shares. The Fund may also, from time to time, purchase its preferred shares in the open market
when the preferred shares are trading at a discount to the liquidation value.
</DIV>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><IMG src="p17039p1703903.gif" alt="(FULL PAGE GIF)">
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<!-- link2 "Item&nbsp;2. Code of Ethics" -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;2. Code of Ethics.</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The registrant, as of the end of the period covered by this report, has adopted a code
of ethics that applies to the registrant&#146;s principal executive officer, principal financial
officer, principal accounting officer or controller, or persons performing similar
functions, regardless of whether these individuals are employed by the registrant or a
third party.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>There have been no amendments, during the period covered by this report, to a provision
of the code of ethics that applies to the registrant&#146;s principal executive officer,
principal financial officer, principal accounting officer or controller, or persons
performing similar functions, regardless of whether these individuals are employed by the
registrant or a third party, and that relates to any element of the code of ethics
description.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The registrant has not granted any waivers, including an implicit waiver, from a
provision of the code of ethics that applies to the registrant&#146;s principal executive
officer, principal financial officer, principal accounting officer or controller, or
persons performing similar functions, regardless of whether these individuals are employed
by the registrant or a third party, that relates to one or more of the items set forth in
paragraph (b)&nbsp;of this item&#146;s instructions.</TD>
</TR>

</TABLE>
</DIV>
<!-- link2 "Item&nbsp;3. Audit Committee Financial Expert" -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;3. Audit Committee Financial Expert.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As of the end of the period covered by the report, the registrant&#146;s Board of Trustees has
determined that Salvatore J. Zizza is qualified to serve as an audit committee financial expert
serving on its audit committee and that he is &#147;independent,&#148; as defined by Item&nbsp;3 of Form N-CSR.
</DIV>

<!-- link2 "Item&nbsp;4. Principal Accountant Fees and Services" -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;4. Principal Accountant Fees and Services.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U>Audit Fees</U>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The aggregate fees billed for each of the last two fiscal years for professional
services rendered by the principal accountant for the audit of the registrant&#146;s annual
financial statements or services that are normally provided by the accountant in connection
with statutory and regulatory filings or engagements for those fiscal years are $61,500 for
2008 and $58,300 for 2009.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U>Audit-Related Fees</U>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The aggregate fees billed in each of the last two fiscal years for assurance and
related services by the principal accountant that are reasonably related to the performance
of the audit of the registrant&#146;s financial statements and are not reported under paragraph
(a)&nbsp;of this Item are $6,969 for 2008 and $7,467 for 2009.</TD>
</TR>



</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U>Tax Fees</U>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The aggregate fees billed in each of the last two fiscal years for professional
services rendered by the principal accountant for tax compliance, tax advice, and tax
planning are $6,000 for 2008 and $6,000 for 2009. Tax fees represent tax compliance
services provided in connection with the review of the Registrant&#146;s tax returns.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U>All Other Fees</U>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The aggregate fees billed in each of the last two fiscal years for products and
services provided by the principal accountant, other than the services reported in
paragraphs (a)&nbsp;through (c)&nbsp;of this Item are $0 for 2008 and $0 for 2009.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)(1)&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD> Disclose the audit committee&#146;s pre-approval policies and procedures described in paragraph
(c)(7) of Rule&nbsp;2-01 of Regulation&nbsp;S-X.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pre-Approval Policies and Procedures. The Audit Committee (&#147;Committee&#148;) of the registrant
is responsible for pre-approving (i)&nbsp;all audit and permissible non-audit services to be
provided by the independent registered public accounting firm to the registrant and (ii)&nbsp;all
permissible non-audit services to be provided by the independent registered public
accounting firm to the Adviser, Gabelli Funds, LLC, and any affiliate of Gabelli Funds, LLC
(&#147;Gabelli&#148;) that provides services to the registrant (a &#147;Covered Services Provider&#148;) if the
independent registered public accounting firm&#146;s engagement related directly to the
operations and financial reporting of the registrant. The Committee may delegate its
responsibility to pre-approve any such audit and permissible non-audit services to the
Chairperson of the Committee, and the Chairperson must report to the Committee, at its next
regularly scheduled meeting after the Chairperson&#146;s pre-approval of such services, his or
her decision(s). The Committee may also establish detailed pre-approval policies and
procedures for pre-approval of such services in accordance with applicable laws, including
the delegation of some or all of the Committee&#146;s pre-approval responsibilities to the other
persons (other than Gabelli or the registrant&#146;s officers). Pre-approval by the Committee of
any permissible non-audit services is not required so long as: (i)&nbsp;the permissible non-audit
services were not recognized by the registrant at the time of the engagement to be non-audit
services; and (ii)&nbsp;such services are promptly brought to the attention of the Committee and
approved by the Committee or Chairperson prior to the completion of the audit.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)(2)&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD> The percentage of services described in each of paragraphs (b)&nbsp;through (d)&nbsp;of this Item
that were approved by the audit committee pursuant to paragraph (c)(7)(i)(C) of Rule&nbsp;2-01 of
Regulation&nbsp;S-X are as follows:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="12%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>100%</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="12%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>100%</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="12%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>N/A</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The percentage of hours expended on the principal accountant&#146;s engagement to audit the
registrant&#146;s financial statements for the most recent fiscal year that were attributed to
work performed by persons other than the principal accountant&#146;s full-time, permanent
employees was zero percent (0%).</TD>
</TR>



</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(g)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The aggregate non-audit fees billed by the registrant&#146;s accountant for services
rendered to the registrant, and rendered to the registrant&#146;s investment adviser (not
including any sub-adviser whose role is primarily portfolio management and is subcontracted
with or overseen by another investment adviser), and any entity controlling, controlled by,
or under common control with the adviser that provides ongoing services to the registrant
for each of the last two fiscal years of the registrant was $0 for 2008 and $0 for 2009.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(h)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The registrant&#146;s audit committee of the board of directors has considered whether the
provision of non-audit services that were rendered to the registrant&#146;s investment adviser
(not including any sub-adviser whose role is primarily portfolio management and is
subcontracted with or overseen by another investment adviser), and any entity controlling,
controlled by, or under common control with the investment adviser that provides ongoing
services to the registrant that were not pre-approved pursuant to paragraph (c)(7)(ii) of
Rule&nbsp;2-01 of Regulation&nbsp;S-X is compatible with maintaining the principal accountant&#146;s
independence.</TD>
</TR>

</TABLE>
</DIV>
<!-- link2 "Item&nbsp;5. Audit Committee of Listed registrants" -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;5. Audit Committee of Listed registrants.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The registrant has a separately designated audit committee consisting of the following members:
Vincent D. Enright, Frank J. Fahrenkopf, Jr., and Salvatore J. Zizza.
</DIV>

<!-- link2 "Item&nbsp;6. Investments" -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;6. Investments.</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Schedule of Investments in securities of unaffiliated issuers as of the close of the
reporting period is included as part of the report to shareholders filed under Item&nbsp;1 of this
form.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Not applicable.</TD>
</TR>

</TABLE>
</DIV>
<!-- link2 "Item&nbsp;7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies" -->

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>Item&nbsp;7.</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment
Companies.</B></TD>
</TR>
</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Proxy Voting Policies are attached herewith.
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>The Voting of Proxies on Behalf of Clients</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rules&nbsp;204(4)-2 and 204-2 under the Investment Advisers Act of 1940 and Rule&nbsp;30b1-4 under the
Investment Company Act of 1940 require investment advisers to adopt written policies and procedures
governing the voting of proxies on behalf of their clients.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These procedures will be used by GAMCO Asset Management Inc., Gabelli Funds, LLC, Gabelli
Securities, Inc., and Teton Advisors, Inc. (collectively, the &#147;Advisers&#148;) to determine how to vote
proxies relating to portfolio securities held by their clients, including the procedures that the
Advisers use when a vote presents a conflict between the interests of the shareholders of an
investment company managed by one of the Advisers, on the one hand, and those of the Advisers; the
principal underwriter; or any affiliated person of the investment company, the Advisers, or the
principal underwriter. These procedures will not apply where the Advisers do not have voting
discretion or where the Advisers have agreed to with a client to vote the client&#146;s proxies in
accordance with specific guidelines or procedures supplied by the client (to the extent permitted
by ERISA).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>I. Proxy Voting Committee</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Proxy Voting Committee was originally formed in April&nbsp;1989 for the purpose of formulating
guidelines and reviewing proxy statements within the parameters set by the substantive proxy voting
guidelines originally published in 1988 and updated periodically, a copy of which are appended as
Exhibit&nbsp;A. The Committee will include representatives of Research, Administration, Legal, and the
Advisers. Additional or replacement members of the Committee will be nominated by the Chairman and
voted upon by the entire Committee.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Meetings are held as needed basis to form views on the manner in which the Advisers should
vote proxies on behalf of their clients.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In general, the Director of Proxy Voting Services, using the Proxy Guidelines, recommendations
of Institutional Shareholder Corporate Governance Service (&#147;ISS&#148;), other third-party services and
the analysts of Gabelli &#038; Company, Inc., will determine how to vote on each issue. For
non-controversial matters, the Director of Proxy Voting Services may vote the proxy if the vote is
(1)&nbsp;consistent with the recommendations of the issuer&#146;s Board of Directors and not contrary to the
Proxy Guidelines; (2)&nbsp;consistent with the recommendations of the issuer&#146;s Board of Directors and is
a non-controversial issue not covered by the Proxy Guidelines; or (3)&nbsp;the vote is contrary to the
recommendations of the Board of Directors but is consistent with the Proxy Guidelines. In those
instances, the Director of Proxy Voting Services or the Chairman of the Committee may sign and date
the proxy statement indicating how each issue will be voted.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All matters identified by the Chairman of the Committee, the Director of Proxy Voting Services
or the Legal Department as controversial, taking into account the
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">recommendations of ISS or other
third party services and the analysts of Gabelli &#038; Company, Inc., will be presented to the Proxy
Voting Committee. If the Chairman of the Committee, the Director of Proxy Voting Services or the
Legal Department has identified the matter as one that (1)&nbsp;is controversial; (2)&nbsp;would benefit from
deliberation by the Proxy Voting Committee; or (3)&nbsp;may give rise to a conflict of interest between
the Advisers and their clients, the Chairman of the Committee will initially determine what vote to
recommend that the Advisers should cast and the matter will go before the Committee.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>A.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Conflicts of Interest.</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Advisers have implemented these proxy voting procedures in order to prevent
conflicts of interest from influencing their proxy voting decisions. By following
the Proxy Guidelines, as well as the recommendations of ISS, other third-party
services and the analysts of Gabelli &#038; Company, the Advisers are able to avoid,
wherever possible, the influence of potential conflicts of interest. Nevertheless,
circumstances may arise in which one or more of the Advisers are faced with a
conflict of interest or the appearance of a conflict of interest in connection with
its vote. In general, a conflict of interest may arise when an Adviser knowingly
does business with an issuer, and may appear to have a material conflict between
its own interests and the interests of the shareholders of an investment company
managed by one of the Advisers regarding how the proxy is to be voted. A conflict
also may exist when an Adviser has actual knowledge of a material business
arrangement between an issuer and an affiliate of the Adviser.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In practical terms, a conflict of interest may arise, for example, when a proxy is
voted for a company that is a client of one of the Advisers, such as GAMCO Asset
Management Inc. A conflict also may arise when a client of one of the Advisers has
made a shareholder proposal in a proxy to be voted upon by one or more of the
Advisers. The Director of Proxy Voting Services, together with the Legal
Department, will scrutinize all proxies for these or other situations that may give
rise to a conflict of interest with respect to the voting of proxies.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">B.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Operation of Proxy Voting Committee</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For matters submitted to the Committee, each member of the Committee will receive,
prior to the meeting, a copy of the proxy statement, any relevant third party
research, a summary of any views provided by the Chief Investment Officer and any
recommendations by Gabelli &#038; Company, Inc. analysts. The Chief Investment Officer
or the Gabelli &#038; Company, Inc. analysts may be invited to present their viewpoints.
If the Director of Proxy Voting Services or the Legal Department believe that the
matter before the committee is one with respect to which a conflict of interest may
exist between the Advisers and their clients, counsel will</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>provide an opinion to
the Committee concerning the conflict. If the matter is one in which the interests
of the clients of one or more of Advisers may diverge, counsel will so advise and
the Committee may make different recommendations as to different clients. For any
matters where the recommendation may trigger appraisal rights, counsel will provide
an opinion concerning the likely risks and merits of such an appraisal action.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each matter submitted to the Committee will be determined by the vote of a majority of the
members present at the meeting. Should the vote concerning one or more recommendations be tied in
a vote of the Committee, the Chairman of the Committee will cast the deciding vote. The Committee
will notify the proxy department of its decisions and the proxies will be voted accordingly.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Although the Proxy Guidelines express the normal preferences for the voting of any shares not
covered by a contrary investment guideline provided by the client, the Committee is not bound by
the preferences set forth in the Proxy Guidelines and will review each matter on its own merits.
Written minutes of all Proxy Voting Committee meetings will be maintained. The Advisers subscribe
to ISS, which supplies current information on companies, matters being voted on, regulations,
trends in proxy voting and information on corporate governance issues.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the vote cast either by the analyst or as a result of the deliberations of the Proxy Voting
Committee runs contrary to the recommendation of the Board of Directors of the issuer, the matter
will be referred to legal counsel to determine whether an amendment to the most recently filed
Schedule&nbsp;13D is appropriate.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>II. Social Issues and Other Client Guidelines</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If a client has provided special instructions relating to the voting of proxies, they should
be noted in the client&#146;s account file and forwarded to the proxy department. This is the
responsibility of the investment professional or sales assistant for the client. In accordance
with Department of Labor guidelines, the Advisers&#146; policy is to vote on behalf of ERISA accounts in
the best interest of the plan participants with regard to social issues that carry an economic
impact. Where an account is not governed by ERISA, the Advisers will vote shares held on behalf of
the client in a manner consistent with any individual investment/voting guidelines provided by the
client. Otherwise the Advisers will abstain with respect to those shares.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>III. Client Retention of Voting Rights</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If a client chooses to retain the right to vote proxies or if there is any change in voting
authority, the following should be notified by the investment professional or sales assistant for
the client.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;Operations
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;Legal Department
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;Proxy Department
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;Investment professional assigned to the account
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the event that the Board of Directors (or a Committee thereof) of one or more of the
investment companies managed by one of the Advisers has retained direct voting control over any
security, the Proxy Voting Department will provide each Board Member (or Committee member) with a
copy of the proxy statement together with any other relevant information including recommendations
of ISS or other third-party services.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>IV. Voting Records</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Proxy Voting Department will retain a record of matters voted upon by the Advisers for
their clients. The Advisers will supply information on how an account voted its proxies upon
request.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A letter is sent to the custodians for all clients for which the Advisers have voting
responsibility instructing them to forward all proxy materials to:
</DIV>
<DIV align="left" style="font-size: 10pt; margin-left: 6%; margin-top: 6pt">&#091;Adviser name&#093;<BR>
Attn: Proxy Voting Department<BR>
One Corporate Center<BR>
Rye, New York 10580-1433
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The sales assistant sends the letters to the custodians along with the trading/DTC instructions.
Proxy voting records will be retained in compliance with Rule&nbsp;204-2 under the Investment Advisers
Act.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>V. Voting Procedures</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1. Custodian banks, outside brokerage firms and clearing firms are responsible for forwarding
proxies directly to the Advisers.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Proxies are received in one of two forms:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Shareholder Vote Authorization Forms (&#147;VAFs&#148;) &#151; Issued by Broadridge Financial Solutions,
Inc. (&#147;Broadridge&#148;) VAFs must be voted through the issuing institution causing a time lag.
Broadridge is an outside service contracted by the various institutions to issue proxy
materials.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Proxy cards which may be voted directly.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2. Upon receipt of the proxy, the number of shares each form represents is logged into the proxy
system according to security.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">3. In the case of a discrepancy such as an incorrect number of shares, an improperly signed
or dated card, wrong class of security, etc., the issuing custodian is notified by phone. A
corrected proxy is requested. Any arrangements are made to insure that a
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"> proper proxy is received
in time to be voted (overnight delivery, fax, etc.). When securities are out on loan on record
date, the custodian is requested to supply written verification.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">4. Upon receipt of instructions from the proxy committee (see Administrative), the votes are cast
and recorded for each account on an individual basis.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Records have been maintained on the Proxy Edge system. The system is backed up regularly.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Proxy Edge records include:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 6%; margin-top: 0pt">Security Name and Cusip Number
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 6%; margin-top: 0pt">Date and Type of Meeting (Annual, Special, Contest)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 6%; margin-top: 0pt">Client Name
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 6%; margin-top: 0pt">Adviser or Fund Account Number
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 6%; margin-top: 0pt">Directors&#146; Recommendation
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 6%; margin-top: 0pt">How GAMCO voted for the client on each issue
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">5. VAFs are kept alphabetically by security. Records for the current proxy season are located in
the Proxy Voting Department office. In preparation for the upcoming season, files are transferred
to an offsite storage facility during January/February.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">6. Shareholder Vote Authorization Forms issued by Broadridge are always sent directly to a
specific individual at Broadridge.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">7. If a proxy card or VAF is received too late to be voted in the conventional matter, every
attempt is made to vote on one of the following manners:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>VAFs can be faxed to Broadridge up until the time of the meeting. This is followed up by
mailing the original form.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>When a solicitor has been retained, the solicitor is called. At the solicitor&#146;s direction,
the proxy is faxed.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">8. In the case of a proxy contest, records are maintained for each opposing entity.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">9. Voting in Person
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">a) At times it may be necessary to vote the shares in person. In this case, a &#147;legal proxy&#148; is
obtained in the following manner:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Banks and brokerage firms using the services at Broadridge:</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The back of the VAF is stamped indicating that we wish to vote in person. The forms are then
sent overnight to Broadridge. Broadridge issues individual legal proxies and
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">sends them back via
overnight (or the Adviser can pay messenger charges). A lead-time of at least two weeks prior to
the meeting is needed to do this. Alternatively, the procedures detailed below for banks not using
Broadridge may be implemented.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Banks and brokerage firms issuing proxies directly:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">The bank is called and/or faxed and a legal proxy is requested.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">All legal proxies should appoint:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>&#147;Representative of &#091;Adviser name&#093; with full power of substitution.&#148;</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">b) The legal proxies are given to the person attending the meeting along with the following
supplemental material:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A limited Power of Attorney appointing the attendee an Adviser representative.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A list of all shares being voted by custodian only. Client names and account numbers are
not included. This list must be presented, along with the proxies, to the Inspectors of
Elections and/or tabulator at least one-half hour prior to the scheduled start of the meeting.
The tabulator must &#147;qualify&#148; the votes (i.e. determine if the vote have previously been cast,
if the votes have been rescinded, etc. vote have previously been cast, etc.).</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A sample ERISA and Individual contract.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A sample of the annual authorization to vote proxies form.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A copy of our most recent Schedule&nbsp;13D filing (if applicable).</TD>
</TR>



</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Appendix&nbsp;A<BR>
Proxy Guidelines</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>PROXY VOTING GUIDELINES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><I>GENERAL POLICY STATEMENT</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">It is the policy of <B>GAMCO Investors, Inc. </B>to vote in the best economic interests of our
clients. As we state in our Magna Carta of Shareholders Rights, established in May&nbsp;1988, we are
neither <I>for </I>nor <I>against </I>management. We are for shareholders.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">At our first proxy committee meeting in 1989, it was decided that each proxy statement should be
evaluated on its own merits within the framework first established by our Magna Carta of
Shareholders Rights. The attached guidelines serve to enhance that broad framework.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We do not consider any issue routine. We take into consideration all of our research on the
company, its directors, and their short and long-term goals for the company. In cases where issues
that we generally do not approve of are combined with other issues, the negative aspects of the
issues will be factored into the evaluation of the overall proposals but will not necessitate a
vote in opposition to the overall proposals.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>BOARD OF DIRECTORS</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The advisers do not consider the election of the Board of Directors a routine issue. Each
slate of directors is evaluated on a case-by-case basis.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Factors taken into consideration include:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Historical responsiveness to shareholders</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-left: 6%; margin-top: 6pt">This may include such areas as:<BR><BR>
- -Paying greenmail<BR><BR>
- -Failure to adopt shareholder resolutions receiving a majority of shareholder votes
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Qualifications</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Nominating committee in place</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Number of outside directors on the board</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Attendance at meetings</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Overall performance</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>SELECTION OF AUDITORS</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In general, we support the Board of Directors&#146; recommendation for auditors.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>BLANK CHECK PREFERRED STOCK</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We oppose the issuance of blank check preferred stock.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Blank check preferred stock allows the company to issue stock and establish dividends, voting
rights, etc. without further shareholder approval.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>CLASSIFIED BOARD</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A classified board is one where the directors are divided into classes with overlapping terms.
A different class is elected at each annual meeting.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">While a classified board promotes continuity of directors facilitating long range planning, we feel
directors should be accountable to shareholders on an annual basis. We will look
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"> at this proposal
on a case-by-case basis taking into consideration the board&#146;s historical responsiveness to the
rights of shareholders.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Where a classified board is in place we will generally not support attempts to change to an
annually elected board.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">When an annually elected board is in place, we generally will not support attempts to classify the
board.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>INCREASE AUTHORIZED COMMON STOCK</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The request to increase the amount of outstanding shares is considered on a case-by-case
basis.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Factors taken into consideration include:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Future use of additional shares</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-left: 6%; margin-top: 6pt">-Stock split
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 6%; margin-top: 6pt"> -Stock option or other executive compensation plan
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 6%; margin-top: 6pt"> -Finance growth of company/strengthen balance sheet
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 6%; margin-top: 6pt"> -Aid in restructuring
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 6%; margin-top: 6pt"> -Improve credit rating
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 6%; margin-top: 6pt"> -Implement a poison pill or other takeover defense
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Amount of stock currently authorized but not yet issued or reserved for stock option plans</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Amount of additional stock to be authorized and its dilutive effect</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We will support this proposal if a detailed and verifiable plan for the use of the additional
shares is contained in the proxy statement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>CONFIDENTIAL BALLOT</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We support the idea that a shareholder&#146;s identity and vote should be treated with
confidentiality.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">However, we look at this issue on a case-by-case basis.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In order to promote confidentiality in the voting process, we endorse the use of independent
Inspectors of Election.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>CUMULATIVE VOTING</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In general, we support cumulative voting.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Cumulative voting is a process by which a shareholder may multiply the number of directors being
elected by the number of shares held on record date and cast the total number for one candidate or
allocate the voting among two or more candidates.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Where cumulative voting is in place, we will vote against any proposal to rescind this shareholder
right.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Cumulative voting may result in a minority block of stock gaining representation on the board.
When a proposal is made to institute cumulative voting, the proposal will be reviewed on a
case-by-case basis. While we feel that each board member should represent all shareholders,
cumulative voting provides minority shareholders an opportunity to have their views represented.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>DIRECTOR LIABILITY AND INDEMNIFICATION</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We support efforts to attract the best possible directors by limiting the liability and
increasing the indemnification of directors, except in the case of insider dealing.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>EQUAL ACCESS TO THE PROXY</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The SEC&#146;s rules provide for shareholder resolutions. However, the resolutions are limited in
scope and there is a 500 word limit on proponents&#146; written arguments. Management has no such
limitations. While we support equal access to the proxy, we would look at such variables as length
of time required to respond, percentage of ownership, etc.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>FAIR PRICE PROVISIONS</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Charter provisions requiring a bidder to pay all shareholders a fair price are intended to
prevent two-tier tender offers that may be abusive. Typically, these provisions do not apply to
board-approved transactions.
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We support fair price provisions because we feel all shareholders should be entitled to receive the
same benefits.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Reviewed on a case-by-case basis.</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>GOLDEN PARACHUTES</I></B></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Golden parachutes are severance payments to top executives who are terminated or demoted after
a takeover.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We support any proposal that would assure management of its own welfare so that they may continue
to make decisions in the best interest of the company and shareholders even if the decision results
in them losing their job. We do not, however, support excessive golden parachutes. Therefore,
each proposal will be decided on a case-by- case basis.</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Note: Congress has imposed a tax on any parachute that is more than three times the executive&#146;s</I> <I>average annual compensation.</I></DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>ANTI-GREENMAIL PROPOSALS</I></B></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We do not support greenmail. An offer extended to one shareholder should be extended to all shareholders equally across the board.</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>LIMIT SHAREHOLDERS&#146; RIGHTS TO CALL SPECIAL MEETINGS</I></B></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We support the right of shareholders to call a special meeting.</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>CONSIDERATION OF NONFINANCIAL EFFECTS OF A MERGER</I></B></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This proposal releases the directors from only looking at the financial effects of a merger and allows them the opportunity to consider the merger&#146;s effects on employees, the community, and consumers.</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As a fiduciary, we are obligated to vote in the best economic interests of our clients. In
general, this proposal does not allow us to do that. Therefore, we generally cannot support this
proposal.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Reviewed on a case-by-case basis.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>MERGERS, BUYOUTS, SPIN-OFFS, RESTRUCTURINGS</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Each of the above is considered on a case-by-case basis. According to the Department of
Labor, we are not required to vote for a proposal simply because the offering price is at a premium
to the current market price. We may take into consideration the long term interests of the
shareholders.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>MILITARY ISSUES</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Shareholder proposals regarding military production must be evaluated on a purely economic set
of criteria for our <B>ERISA </B>clients. As such, decisions will be made on a case-by-case basis.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In voting on this proposal for our non-<B>ERISA </B>clients, we will vote according to the client&#146;s
direction when applicable. Where no direction has been given, we will vote in the best economic
interests of our clients. It is not our duty to impose our social judgment on others.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>NORTHERN IRELAND</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Shareholder proposals requesting the signing of the MacBride principles for the purpose of
countering the discrimination of Catholics in hiring practices must be evaluated on a purely
economic set of criteria for our <B>ERISA </B>clients. As such, decisions will be made on a case-by-case
basis.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In voting on this proposal for our non-<B>ERISA </B>clients, we will vote according to client direction
when applicable. Where no direction has been given, we will vote in the best economic interests of
our clients. It is not our duty to impose our social judgment on others.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>OPT OUT OF STATE ANTI-TAKEOVER LAW</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This shareholder proposal requests that a company opt out of the coverage of the state&#146;s
takeover statutes. Example: Delaware law requires that a buyer must acquire at least 85% of the
company&#146;s stock before the buyer can exercise control unless the board approves.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We consider this on a case-by-case basis. Our decision will be based on the following:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>State of Incorporation</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Management history of responsiveness to shareholders</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Other mitigating factors</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>POISON PILL</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In general, we do not endorse poison pills.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In certain cases where management has a history of being responsive to the needs of shareholders
and the stock is very liquid, we will reconsider this position.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>REINCORPORATION</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Generally, we support reincorporation for well-defined business reasons. We oppose
reincorporation if proposed solely for the purpose of reincorporating in a state with more
stringent anti-takeover statutes that may negatively impact the value of the stock.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>STOCK OPTION PLANS</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Stock option plans are an excellent way to attract, hold and motivate directors and employees.
However, each stock option plan must be evaluated on its own merits, taking into consideration the
following:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Dilution of voting power or earnings per share by more than 10%</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Kind of stock to be awarded, to whom, when and how much</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Method of payment</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Amount of stock already authorized but not yet issued under existing stock option plans</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>SUPERMAJORITY VOTE REQUIREMENTS</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Supermajority vote requirements in a company&#146;s charter or bylaws require a level of voting
approval in excess of a simple majority of the outstanding shares. In general, we oppose
supermajority-voting requirements. Supermajority requirements often exceed the average level of
shareholder participation. We support proposals&#146; approvals by a simple majority of the shares
voting.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>LIMIT SHAREHOLDERS RIGHT TO ACT BY WRITTEN CONSENT</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Written consent allows shareholders to initiate and carry on a shareholder action without
having to wait until the next annual meeting or to call a special meeting. It permits action to be
taken by the written consent of the same percentage of the shares that would be required to effect
proposed action at a shareholder meeting.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Reviewed on a case-by-case basis.
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<!-- link2 "Item&nbsp;8. Portfolio Managers of Closed-End Management Investment Companies" -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;8. Portfolio Managers of Closed-End Management Investment Companies.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>PORTFOLIO MANAGERS</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A portfolio team manages The Gabelli Global Gold, Natural Resources &#038; Income Trust., (the Fund).
The individuals listed below are those who are primarily responsible for the day-to-day management
of the Fund.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Caesar M. P. Bryan serves as the Gold Companies Portfolio Manager for the Fund and is primarily
responsible for the day-to-day management of the Gold Companies portion of the Fund&#146;s portfolio.
Mr.&nbsp;Bryan is a Senior Vice President and Portfolio Manager with GAMCO Asset Management Inc. (a
wholly owned subsidiary of GAMCO Investors, Inc.) since 1994.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Barbara G. Marcin serves as a Portfolio Manager for the Fund and is primarily responsible for the
day-to-day management of the Natural Resources Companies portion of the Fund&#146;s portfolio. Ms.
Marcin joined GAMCO Investors, Inc. in 1999 as a Vice President and Portfolio Manager to manage
larger capitalization value style portfolios.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Vincent Hugonnard-Roche serves as a Portfolio Manager for the Fund and is primarily responsible for
the day-to-day management of the covered call portion of the Fund&#146;s portfolio. Mr.&nbsp;Roche joined
GAMCO Investors, Inc. in 2000 as Director of Quantitative Strategies and Head of Risk Management.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>MANAGEMENT OF OTHER ACCOUNTS</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The table below shows the number of other accounts managed by each Portfolio Manager and the total
assets in each of the following categories: registered investment companies, other paid investment
vehicles and other accounts. For each category, the table also shows the number of accounts and
the total assets in the accounts with respect to which the advisory fee is based on account
performance.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="34%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">No. of</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Total Assets</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Accounts</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">in Accounts</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">where</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">where</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Total</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Advisory Fee</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Advisory Fee</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center">Name of Portfolio Manager or</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Type of</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">No. of Accounts</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Total</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">is Based on</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">is Based on</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Team Member </TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Accounts</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Managed</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Assets</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Performance</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Performance</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">1. Caesar M. P. Bryan</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Registered Investment Companies:</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">670.0M</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Other Pooled Investment Vehicles:</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8.2M</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8.2M</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Other Accounts:</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">51.7M</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2. Barbara G. Marcin</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Registered Investment Companies:</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.8B</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.8B</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Other Pooled Investment Vehicles:</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">37.3K</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">37.3K</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Other Accounts:</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">108.3M</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">3. Vincent Hugonnard-Roche</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Registered Investment Companies:</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Other Pooled Investment Vehicles:</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16.8M</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Other Accounts:</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">183.1K</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>POTENTIAL CONFLICTS OF INTEREST</B></U>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As reflected above, the Portfolio Managers manage accounts in addition to the Fund. Actual or
apparent conflicts of interest may arise when a Portfolio Manager also has day-to-day management
responsibilities with respect to one or more other accounts. These potential conflicts include:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>ALLOCATION OF LIMITED TIME AND ATTENTION. </B>As indicated above, the Portfolio Managers manage
multiple accounts. As a result, he/she will not be able to devote all of their time to the
management of the Fund. A Portfolio Manager, therefore, may not be able to formulate as complete a
strategy or identify equally attractive investment opportunities for each of those accounts, as
might be the case if he/she were to devote all of his/her attention to the management of only the
Fund.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>ALLOCATION OF LIMITED INVESTMENT OPPORTUNITIES. </B>As indicated above, the Portfolio Managers manage
accounts with investment strategies and/or policies that are similar to the Fund. In these cases,
if the Portfolio Manager identifies an investment opportunity that may be suitable for multiple
accounts, the Fund may not be able to take full advantage of that opportunity because the
opportunity may be allocated among all or many of these accounts or other accounts managed
primarily by other Portfolio Managers of the Adviser, and their affiliates. In addition, in the
event a Portfolio Manager determines to purchase a security for more than one account in an
aggregate amount that may influence the market price of the security, accounts that purchased or
sold the security first may receive a more favorable price than accounts that made subsequent
transactions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>PURSUIT OF DIFFERING STRATEGIES. </B>At times, a Portfolio Manager may determine that an investment
opportunity may be appropriate for only some of the accounts for which he/she exercises investment
responsibility, or may decide that certain of the funds or accounts should take differing positions
with respect to a particular security. In these cases, the Portfolio Manager may execute differing
or opposite transactions for one or more accounts which may affect the market price of the security
or the execution of the transaction, or both, to the detriment of one or more other accounts.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>VARIATION IN COMPENSATION. </B>A conflict of interest may arise where the financial or other benefits
available to the Portfolio Manager differ among the accounts that he or she manages. If the
structure of the Adviser&#146;s management fee or the Portfolio Manager&#146;s compensation differs among
accounts (such as where certain accounts pay higher management fees or performance-based management
fees), the Portfolio Manager may be motivated to favor certain accounts over others. The Portfolio
Manager may also be motivated to favor accounts in which he or she has an investment interest, or
in which the Adviser, or their affiliates have investment interests. Similarly, the desire to
maintain assets under management or to enhance a Portfolio Manager&#146;s performance record or to
derive other rewards, financial or otherwise, could influence the Portfolio Manager in affording
preferential treatment to those accounts that could most significantly benefit the Portfolio
Manager. For example, as reflected above, if a Portfolio Manager manages accounts, which have
performance fee arrangements, certain portions of their compensation will depend on the achievement
of performance milestones on those accounts. The Portfolio Manager could be incented to afford
preferential treatment to those accounts and thereby by subject to a potential conflict of
interest.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Adviser, and the Funds have adopted compliance policies and procedures that are designed to
address the various conflicts of interest that may arise for the Adviser and their staff members.
However, there is no guarantee that such policies and procedures will be able to detect and prevent
every situation in which an actual or potential conflict may arise.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>COMPENSATION STRUCTURE FOR THE PORTFOLIO MANAGERS OF THE ADVISER</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The compensation of the Portfolio Managers for the Fund is structured to enable the Adviser to
attract and retain highly qualified professionals in a competitive environment. The Portfolio
Managers receive a compensation package that includes a minimum draw or base salary, equity-based
incentive compensation via awards of stock options, and incentive based variable compensation based
on a percentage of net revenue received by the Adviser for managing the Fund to the extent that the
amount exceeds a minimum level of compensation. Net revenues are determined by deducting from gross
investment management fees certain of the firm&#146;s expenses (other than the
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"> Portfolio Managers&#146;
compensation) allocable to the Fund (the incentive-based variable compensation for managing other
accounts is also based on a percentage of net revenues to the investment adviser for managing the
account). This method of compensation is based on the premise that superior long-term performance
in managing a portfolio should be rewarded with higher compensation as a result of growth of assets
through appreciation and net investment activity. The level of equity-based incentive and
incentive-based variable compensation is based on an evaluation by the Adviser&#146;s parent, GBL, of
quantitative and qualitative performance evaluation criteria. This evaluation takes into account,
in a broad sense, the performance of the accounts managed by the Portfolio Manager, but the level
of compensation is not determined with specific reference to the performance of any account against
any specific benchmark. Generally, greater consideration is given to the performance of larger
accounts and to longer term performance over smaller accounts and short-term performance.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>OWNERSHIP OF SHARES IN THE FUND</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Caesar M. P. Bryan, Barbara G. Marcin, and Vincent Hugonnard-Roche owned $10,001-$50,000,
$10,001-$50,000 and $10,001-$50,000, respectively, of shares of the Trust as of December&nbsp;31, 2009.
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>(b)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Not applicable.</TD>
</TR>

</TABLE>
</DIV>
<!-- link2 "Item&nbsp;9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers" -->

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>Item&nbsp;9.</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Purchases of Equity Securities by Closed-End Management Investment Company and
Affiliated Purchasers.</B></TD>
</TR>
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>REGISTRANT PURCHASES OF EQUITY SECURITIES</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 9pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="15%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="16%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="16%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="16%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>(c) Total Number of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>(d) Maximum Number (or</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Shares (or Units)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Approximate Dollar Value) of</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>(a) Total Number of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Purchased as Part of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Shares (or Units) that May</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Shares (or Units)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>(b) Average Price Paid</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Publicly Announced</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Yet Be Purchased Under the</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Period</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Purchased</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>per Share (or Unit)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Plans or Programs</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Plans or Programs</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Month #1<BR>
07/01/09 through <BR>
07/31/09
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common &#151; N/A<br>
Preferred Series&nbsp;A &#151; N/A
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common &#151; N/A<br>
Preferred Series&nbsp;A &#151; N/A
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common &#151; N/A <br>
Preferred Series&nbsp;A &#151; N/A
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common &#151; 23,447,625<br>
Preferred Series&nbsp;A &#151; 3,955,687</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Month #2<BR>
08/01/09 through <BR>
08/31/09
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common &#151; N/A <br>
Preferred Series&nbsp;A &#151; N/A
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common &#151; N/A <br>
Preferred Series&nbsp;A &#151; N/A
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common &#151; N/A <br>
Preferred Series&nbsp;A &#151; N/A
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common &#151; 24,454,383<br>
Preferred Series&nbsp;A &#151; 3,955,687</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Month #3<BR>
09/01/09 through <BR>
09/30/09
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common &#151; N/A <br>
Preferred Series&nbsp;A &#151; N/A
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common &#151; N/A <br>
Preferred Series&nbsp;A &#151; N/A
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common &#151; N/A <br>
Preferred Series&nbsp;A &#151; N/A
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common &#151; 26,452,868<br>
Preferred Series&nbsp;A &#151; 3,955,687</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Month #4<BR>
10/01/09 through <BR>
10/31/09
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common &#151; N/A <br>
Preferred Series&nbsp;A &#151; N/A
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common &#151; N/A <br>
Preferred Series&nbsp;A &#151; N/A
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common &#151; N/A <br>
Preferred Series&nbsp;A &#151; N/A
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common &#151; 28,609,410<br>
Preferred Series&nbsp;A &#151; 3,955,687</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Month #5<BR>
11/01/09 through <BR>
11/30/09
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common &#151; N/A <br>
Preferred Series&nbsp;A &#151; N/A
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common &#151; N/A <br>
Preferred Series&nbsp;A &#151; N/A
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common &#151; N/A <br>
Preferred Series&nbsp;A &#151; N/A
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common &#151; 30,567,904<br>
Preferred Series&nbsp;A &#151; 3,955,687</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 9pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="15%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="16%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="16%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="16%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>(c) Total Number of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>(d) Maximum Number (or</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Shares (or Units)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Approximate Dollar Value) of</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>(a) Total Number of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Purchased as Part of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Shares (or Units) that May</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Shares (or Units)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>(b) Average Price Paid</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Publicly Announced</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Yet Be Purchased Under the</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Period</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Purchased</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>per Share (or Unit)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Plans or Programs</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Plans or Programs</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Month #6<BR>
12/01/09 through <BR>
12/31/09
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common &#151; N/A <br>
Preferred Series&nbsp;A &#151; N/A
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common &#151; N/A <br>
Preferred Series&nbsp;A &#151; N/A
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common &#151; N/A <br>
Preferred Series&nbsp;A &#151; N/A
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common &#151; 32,761,261<br>
Preferred Series&nbsp;A &#151; 3,955,687</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Total
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common &#151; N/A
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common &#151; N/A
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common &#151; N/A
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">N/A</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Preferred Series&nbsp;A &#151; N/A
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Preferred Series&nbsp;A &#151; N/A
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Preferred Series&nbsp;A &#151; N/A</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">

    <TD colspan="3">Footnote columns (c)&nbsp;and (d)&nbsp;of the table, by disclosing the following information in the
aggregate for all plans or programs publicly announced:</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">a.</TD>
    <TD>&nbsp;</TD>
    <TD>The date each plan or program was announced &#151; The notice of the potential repurchase of
common and preferred shares occurs quarterly in the Fund&#146;s quarterly report in accordance with
Section 23(c) of the Investment Company Act of 1940, as amended.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">b.</TD>
    <TD>&nbsp;</TD>
    <TD>The dollar amount (or share or unit amount) approved &#151; Any or all common shares outstanding
may be repurchased when the Fund&#146;s common shares are trading at a discount of 7.5% or more
from the net asset value of the shares.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Any or all preferred shares outstanding may be repurchased when the Fund&#146;s preferred shares
are trading at a discount to the liquidation value of $25.00.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">c.</TD>
    <TD>&nbsp;</TD>
    <TD>The expiration date (if any) of each plan or program &#151; The Fund&#146;s repurchase plans are
ongoing.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">d.</TD>
    <TD>&nbsp;</TD>
    <TD>Each plan or program that has expired during the period covered by the table &#151; The Fund&#146;s
repurchase plans are ongoing.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">e.</TD>
    <TD>&nbsp;</TD>
    <TD>Each plan or program the registrant has determined to terminate prior to expiration, or under
which the registrant does not intend to make further purchases. &#151; The Fund&#146;s repurchase plans are
ongoing.</TD>
</TR>

</TABLE>


<!-- link2 "Item&nbsp;10. Submission of Matters to a Vote of Security Holders" -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;10. Submission of Matters to a Vote of Security Holders.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There have been no material changes to the procedures by which the shareholders may recommend
nominees to the registrant&#146;s Board of Trustees, where those changes were implemented after the
registrant last provided disclosure in response to the requirements of Item&nbsp;407(c)(2)(iv) of
Regulation&nbsp;S-K (17 CFR 229.407) (as required by Item&nbsp;22(b)(15) of Schedule&nbsp;14A (17 CFR
240.14a-101)), or this Item.
</DIV>

<!-- link2 "Item&nbsp;11. Controls and Procedures" -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;11. Controls and Procedures.</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The registrant&#146;s principal executive and principal financial officers, or persons
performing similar functions, have concluded that the registrant&#146;s disclosure controls and
procedures (as defined in Rule&nbsp;30a-3(c) under the Investment Company Act of 1940, as
amended (the &#147;1940 Act&#148;) (17 CFR 270.30a-3(c))) are effective, as of a date within 90&nbsp;days
of the filing date of the report that includes the disclosure required by this paragraph,
based on their evaluation of these controls and procedures required by Rule&nbsp;30a-3(b) under
the 1940 Act (17 CFR 270.30a-3(b)) and Rules&nbsp;13a-15(b) or 15d-15(b) under the Securities
Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)).
</TD>
</TR>
</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>There were no changes in the registrant&#146;s internal control over financial reporting (as
defined in Rule&nbsp;30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the
registrant&#146;s second fiscal quarter of the period covered by this report that has materially
affected, or is reasonably likely to materially affect, the registrant&#146;s internal control
over financial reporting.</TD>
</TR>

</TABLE>
</DIV>

<!-- link2 "Item&nbsp;12. Exhibits" -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;12. Exhibits.</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)(1)&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD> Code of ethics, or any amendment thereto, that is the subject of disclosure required by
Item&nbsp;2 is attached hereto.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD> Certifications pursuant to Rule&nbsp;30a-2(a) under the 1940 Act and Section&nbsp;302 of the
Sarbanes-Oxley Act of 2002 are attached hereto.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)(3)&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD> Not applicable.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Certifications pursuant to Rule&nbsp;30a-2(b) under the 1940 Act and Section&nbsp;906 of the Sarbanes-
Oxley Act of 2002 are attached hereto.</TD>
</TR>



</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>
<!-- link1 "SIGNATURES" -->

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act
of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="15%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">(registrant)&nbsp;The Gabelli Global Gold, Natural Resources &#038; Income Trust</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" nowrap><DIV style="margin-left:0px; text-indent:-0px">By (Signature and Title)*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Bruce N. Alpert
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Bruce N. Alpert, Principal Executive Officer
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date 3/5/10</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act
of 1940, this report has been signed below by the following persons on behalf of the registrant and
in the capacities and on the dates indicated.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="15%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top" nowrap><DIV style="margin-left:0px; text-indent:-0px">By (Signature and Title)*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Bruce N. Alpert
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Bruce N. Alpert, Principal Executive Officer
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date 3/5/10</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By (Signature and Title)*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap>/s/ Agnes Mullady
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Agnes Mullady, Principal Financial Officer and Treasurer
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date 3/5/10</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="font-size: 85%; vertical-align: text-top">*</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>Print the name and title of each signing officer under his or her signature.</TD>
</TR>

</TABLE>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CODE ETH
<SEQUENCE>2
<FILENAME>p17039exv99wcodeeth.htm
<DESCRIPTION>EX-99.CODE ETH
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99wcodeeth</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;99.CODE ETH</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>GAMCO INVESTORS, INC. and AFFILIATES</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Joint Code of Ethics for Chief Executive<BR>
And Senior Financial Officers of the Gabelli Funds</B>
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each affiliated registered investment company (each a &#147;<U>Company</U>&#148;) is committed to
conducting business in accordance with applicable laws, rules and regulations and the highest
standards of business ethics, and to full and accurate disclosure &#151; financial and otherwise &#151; in
compliance with applicable law. This Code of Ethics, applicable to each Company&#146;s Chief Executive
Officer, President, Chief Financial Officer and Treasurer (or persons performing similar functions)
(together, &#147;<U>Senior Officers</U>&#148;), sets forth policies to guide you in the performance of your
duties.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As a Senior Officer, you must comply with applicable law. You also have a responsibility to
conduct yourself in an honest and ethical manner. You have leadership responsibilities that
include creating a culture of high ethical standards and a commitment to compliance, maintaining a
work environment that encourages the internal reporting of compliance concerns and promptly
addressing compliance concerns.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Code of Ethics recognizes that the Senior Officers are subject to certain conflicts of
interest inherent in the operation of investment companies, because the Senior Officers currently
or may in the future serve as Senior Officers of each of the Companies, as officers or employees of
the investment advisor to the Companies or service providers thereof (the &#147;<U>Advisor</U>&#148;) and/or
affiliates of the Advisor (the &#147;Advisory Group&#148;) and as officers or trustees/directors of other
registered investment companies and unregistered investment funds advised by the Advisory Group.
This Code of Ethics also recognizes that certain laws and regulations applicable to, and certain
policies and procedures adopted by, the Companies or the Advisory Group govern your conduct in
connection with many of the conflict of interest situations that arise in connection with the
operations of the Companies, including:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Investment Company Act of 1940, and the rules and regulation promulgated
thereunder by the Securities and Exchange Commission (the &#147;<U>1940 Act</U>&#148;);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Investment Advisers Act of 1940, and the rules and regulations promulgated
thereunder by the Securities and Exchange Commission (the &#147;<U>Advisers Act</U>&#148;);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Code of Ethics adopted by each Company pursuant to Rule&nbsp;17j-1(c) under the 1940
Act (collectively, the &#147;<U>Trust&#146;s 1940 Act Code of Ethics</U>&#148;);</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Revised: June&nbsp;1, 2006

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->1<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>one or more codes of ethics adopted by the Advisory Group that have been reviewed
and approved by those trustees/directors (the &#147;<U>Directors</U>&#148;) of each Company
that are not &#147;interested persons&#148; of such Company (the &#147;<U>Independent
Directors</U>&#148;) within the meaning of the 1940 Act (the &#147;<U>Advisory Group&#146;s 1940 Act
Code of Ethics</U>&#148; and, together with such Company&#146;s 1940 Act Code of Ethics, the
&#147;<U>1940 Act Codes of Ethics</U>&#148;);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the policies and procedures adopted by each Company to address conflict of interest
situations, such as procedures under Rule&nbsp;10f-3, Rule&nbsp;17a-7 and Rule&nbsp;17e-1 under the
1940 Act (collectively, the &#147;<U>Conflict Policies</U>&#148;); and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Advisory Group&#146;s policies and procedures to address, among other things,
conflict of interest situations and related matters (collectively, the &#147;<U>Advisory
Policies</U>&#148;).</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The provisions of the 1940 Act, the Advisers Act, the 1940 Act Codes of Ethics, the Conflict
Policies and the Advisory Policies are referred to herein collectively as the &#147;<U>Additional
Conflict Rules</U>&#148;.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Code of Ethics is different from, and is intended to supplement, the Additional Conflict
Rules. Accordingly, a violation of the Additional Conflict Rules by a Senior Officer is hereby
deemed not to be a violation of this Code of Ethics, unless and until the Directors shall determine
that any such violation of the Additional Conflict Rules is also a violation of this Code of
Ethics.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Senior Officers Should Act Honestly and Candidly</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Senior Officer has a responsibility to each Company to act with integrity. Integrity
requires, among other things, being honest and candid. Deceit and subordination of principle are
inconsistent with integrity.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Senior Officer must:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>act with integrity, including being honest and candid while still maintaining the
confidentiality of information where required by law or the Additional Conflict Rules;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>comply with the laws, rules and regulations that govern the conduct of each
Company&#146;s operations and report any suspected violations thereof in accordance with
the section below entitled &#147;Compliance With Code Of Ethics&#148;; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>adhere to a high standard of business ethics.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Revised: June&nbsp;1, 2006

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Conflicts Of Interest</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A conflict of interest for the purpose of this Code of Ethics occurs when your private
interests interfere in any way, or even appear to interfere, with the interests of a Company.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Senior Officers are expected to use objective and unbiased standards when making decisions
that affect each Company, keeping in mind that Senior Officers are subject to certain inherent
conflicts of interest because Senior Officers of a Company also are or may be officers of other
Companies and/or the Advisory Group (as a result of which it is incumbent upon you to be familiar
with and to seek to comply with the Additional Conflict Rules).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You are required to conduct the business of each Company in an honest and ethical manner,
including the ethical handling of actual or apparent conflicts of interest between personal and
business relationships. When making any investment, accepting any position or benefits,
participating in any transaction or business arrangement or otherwise acting in a manner that
creates or appears to create a conflict of interest with respect to each Company where you are
receiving a personal benefit, you should act in accordance with the letter and spirit of this Code
of Ethics.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If you are in doubt as to the application or interpretation of this Code of Ethics to you as a
Senior Officer of a Company, you should make full disclosure of all relevant facts and
circumstances to the Chief Compliance Officer of the Advisory Group (the &#147;CCO&#148;) and obtain the
approval of the CCO prior to taking action.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Some conflict of interest situations that should always be approved by the CCO, if material,
include the following:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the receipt of any entertainment or non-nominal gift by the Senior Officer, or a
member of his or her family, from any company with which a Company has current or
prospective business dealings (other than the Advisory Group), unless such
entertainment or gift is business related, reasonable in cost, appropriate as to time
and place, and not so frequent as to raise any question of impropriety;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any ownership interest in, or any consulting or employment relationship with, of
any of the Companies&#146; service providers, other than the Advisory Group; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a direct or indirect financial interest in commissions, transaction charges or
spreads paid by a Company for effecting portfolio transactions or for selling or
redeeming shares other than an interest arising from the Senior Officer&#146;s employment
by the Advisory Group, such as compensation or equity ownership.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Revised: June&nbsp;1, 2006

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Disclosures</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;It is the policy of each Company to make full, fair, accurate, timely and understandable
disclosure in compliance with all applicable laws and regulations in all reports and documents that
such Company files with, or submits to, the Securities and Exchange Commission or a national
securities exchange and in all other public communications made by such Company. As a Senior
Officer, you are required to promote compliance with this policy and to abide by such Company &#146;s
standards, policies and procedures designed to promote compliance with this policy.
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD colspan="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Senior Officer must:</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>familiarize himself or herself with the disclosure requirements applicable to each
Company as well as the business and financial operations of each Company; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>not knowingly misrepresent, or cause others to misrepresent, facts about any
Company to others, including to the Directors, such Company&#146;s independent auditors,
such Company&#146;s counsel, any counsel to the Independent Directors, governmental
regulators or self-regulatory organizations.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Compliance With Code Of Ethics</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If you know of or suspect a violation of this Code of Ethics or other laws, regulations,
policies or procedures applicable to the Trust, you must report that information on a timely basis
to the CCO or report it anonymously by following the &#147;whistle blower&#148; policies adopted by the
Advisory Group from time to time. <I>No one will be subject to retaliation because of a good faith
report of a suspected violation</I>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Company will follow these procedures in investigating and enforcing this Code of Ethics,
and in reporting on this Code of Ethics:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the CCO will take all appropriate action to investigate any actual or potential
violations reported to him or her;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>violations and potential violations will be reported to the Board of Directors of
each affected Company after such investigation;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>if the Board of Directors determines that a violation has occurred, it will take
all appropriate disciplinary or preventive action; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>appropriate disciplinary or preventive action may include a letter of censure,
suspension, dismissal or, in the event of criminal or other serious violations of law,
notification of the Securities and Exchange Commission or other appropriate law
enforcement authorities.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Revised: June&nbsp;1, 2006

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Waivers Of Code Of Ethics</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except as otherwise provided in this Code of Ethics, the CCO is responsible for applying this
Code of Ethics to specific situations in which questions are presented to the CCO and has the
authority to interpret this Code of Ethics in any particular situation. The CCO shall take all
action he or she considers appropriate to investigate any actual or potential violations reported
under this Code of Ethics.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The CCO is authorized to consult, as appropriate, with the chair of the Governance Committee
and with counsel to the affected Company, the Advisory Group or the Independent Directors, and is
encouraged to do so.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board of Directors, the affected Company is responsible for granting waivers of this Code
of Ethics, as appropriate. Any changes to or waivers of this Code of Ethics will, to the extent
required, be disclosed on Form N-CSR, or otherwise, as provided by Securities and Exchange
Commission rules.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Recordkeeping</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Company will maintain and preserve for a period of not less than six (6)&nbsp;years from the
date an action is taken, the first two (2)&nbsp;years in an easily accessible place, a copy of the
information or materials supplied to the Boards of Directors pursuant to this Code of Ethics:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>that provided the basis for any amendment or waiver to this Code of Ethics; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>relating to any violation of this Code of Ethics and sanctions imposed for such
violation, together with a written record of the approval or action taken by the
relevant Board of Directors.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Confidentiality</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All reports and records prepared or maintained pursuant to this Code of Ethics shall be
considered confidential and shall be maintained and protected accordingly. Except as otherwise
required by law or this Code of Ethics, such matters shall not be disclosed to anyone other than
the Independent Trustees and their counsel, the Companies and their counsel, the Advisory Group and
its counsel and any other advisors, consultants or counsel retained by the Directors, the
Independent Directors or any committee of Directors.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Amendments</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Code of Ethics may not be amended as to any Company except in written form, which is
specifically approved by a majority vote of the affected Company&#146;s Directors, including a majority
of its Independent Directors.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Revised: June&nbsp;1, 2006

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->5<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>No Rights Created</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Code of Ethics is a statement of certain fundamental principles, policies and procedures
that govern each of the Senior Officers in the conduct of the Companies&#146; business. It is not
intended to and does not create any rights in any employee, investor, supplier, competitor,
shareholder or any other person or entity.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Revised: June&nbsp;1, 2006

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->6<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">ACKNOWLEDGMENT FORM
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">I have received and read the Joint Code of Ethics for Chief Executive and Senior Financial
Officers, and I understand its contents. I agree to comply fully with the standards contained in
the Code of Ethics and the Company&#146;s related policies and procedures. I understand that I have an
obligation to report any suspected violations of the Code of Ethics on a timely basis to the Chief
Compliance Officer or report it anonymously by following the &#147;whistle blower&#148; policies adopted by
the Advisory Group from time to time.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="45%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Printed Name
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Signature
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Date
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Revised: June&nbsp;1, 2006

</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->7<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>3
<FILENAME>p17039exv99wcert.htm
<DESCRIPTION>EX-99.CERT
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99wcert</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;99.CERT</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Certification Pursuant to Rule&nbsp;30a-2(a) under the 1940 Act and Section&nbsp;302 of the Sarbanes-Oxley Act</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">I, Bruce N. Alpert, certify that:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>I have reviewed this report on Form N-CSR of The Gabelli Global Gold, Natural Resources &#038;
Income Trust;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Based on my knowledge, this report does not contain any untrue statement of a material fact
or omit to state a material fact necessary to make the statements made, in light of the
circumstances under which such statements were made, not misleading with respect to the period
covered by this report;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Based on my knowledge, the financial statements, and other financial information included in
this report, fairly present in all material respects the financial condition, results of
operations, changes in net assets, and cash flows (if the financial statements are required to
include a statement of cash flows) of the registrant as of, and for, the periods presented in
this report;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The registrant&#146;s other certifying officer(s) and I are responsible for establishing and
maintaining disclosure controls and procedures (as defined in Rule&nbsp;30a-3(c) under the
Investment Company Act of 1940) and internal control over financial reporting (as defined in
Rule&nbsp;30a-3(d) under the Investment Company Act of 1940) for the registrant and have:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Designed such disclosure controls and procedures, or caused such disclosure
controls and procedures to be designed under our supervision, to ensure that material
information relating to the registrant, including its consolidated subsidiaries, is
made known to us by others within those entities, particularly during the period in
which this report is being prepared;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Designed such internal control over financial reporting, or caused such
internal control over financial reporting to be designed under our supervision, to
provide reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with generally
accepted accounting principles;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Evaluated the effectiveness of the registrant&#146;s disclosure controls and
procedures and presented in this report our conclusions about the effectiveness of the
disclosure controls and procedures, as of a date within 90&nbsp;days prior to the filing
date of this report based on such evaluation; and</TD>
</TR>


</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Disclosed in this report any change in the registrant&#146;s internal control over
financial reporting that occurred during the second fiscal quarter of the period
covered by this report that has materially affected, or is reasonably likely to
materially affect, the registrant&#146;s internal control over financial reporting; and</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The registrant&#146;s other certifying officer(s) and I have disclosed to the registrant&#146;s
auditors and the audit committee of the registrant&#146;s board of directors (or persons performing
the equivalent functions):</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All significant deficiencies and material weaknesses in the design or operation
of internal control over financial reporting which are reasonably likely to adversely
affect the registrant&#146;s ability to record, process, summarize, and report financial
information; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any fraud, whether or not material, that involves management or other employees
who have a significant role in the registrant&#146;s internal control over financial
reporting.</TD>
</TR>

</TABLE>
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">Date:      3/5/10 &nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">/s/ Bruce N. Alpert
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Bruce N. Alpert, Principal Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>





<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;99.CERT</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Certification
Pursuant to Rule&nbsp;30a-2(a) under the 1940 Act and Section&nbsp;302 of the Sarbanes-Oxley Act</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">I, Agnes Mullady, certify that:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>I have reviewed this report on Form N-CSR of The Gabelli Global Gold, Natural Resources &#038;
Income Trust;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Based on my knowledge, this report does not contain any untrue statement of a material fact
or omit to state a material fact necessary to make the statements made, in light of the
circumstances under which such statements were made, not misleading with respect to the period
covered by this report;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Based on my knowledge, the financial statements, and other financial information included in
this report, fairly present in all material respects the financial condition, results of
operations, changes in net assets, and cash flows (if the financial statements are required to
include a statement of cash flows) of the registrant as of, and for, the periods presented in
this report;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The registrant&#146;s other certifying officer(s) and I are responsible for establishing and
maintaining disclosure controls and procedures (as defined in Rule&nbsp;30a-3(c) under the
Investment Company Act of 1940) and internal control over financial reporting (as defined in
Rule&nbsp;30a-3(d) under the Investment Company Act of 1940) for the registrant and have:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Designed such disclosure controls and procedures, or caused such disclosure
controls and procedures to be designed under our supervision, to ensure that material
information relating to the registrant, including its consolidated subsidiaries, is
made known to us by others within those entities, particularly during the period in
which this report is being prepared;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Designed such internal control over financial reporting, or caused such
internal control over financial reporting to be designed under our supervision, to
provide reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with generally
accepted accounting principles;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Evaluated the effectiveness of the registrant&#146;s disclosure controls and
procedures and presented in this report our conclusions about the effectiveness of the
disclosure controls and procedures, as of a date within 90&nbsp;days prior to the filing
date of this report based on such evaluation; and</TD>
</TR>


</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Disclosed in this report any change in the registrant&#146;s internal control over
financial reporting that occurred during the second fiscal quarter of the period
covered by this report that has materially affected, or is reasonably likely to
materially affect, the registrant&#146;s internal control over financial reporting; and</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The registrant&#146;s other certifying officer(s) and I have disclosed to the registrant&#146;s
auditors and the audit committee of the registrant&#146;s board of directors (or persons performing
the equivalent functions):</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All significant deficiencies and material weaknesses in the design or operation
of internal control over financial reporting which are reasonably likely to adversely
affect the registrant&#146;s ability to record, process, summarize, and report financial
information; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any fraud, whether or not material, that involves management or other employees
who have a significant role in the registrant&#146;s internal control over financial
reporting.</TD>
</TR>

</TABLE>
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">Date: 3/5/10&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">/s/ Agnes Mullady
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left" nowrap>Agnes Mullady, Principal Financial Officer and Treasurer</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>





<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.906CERT
<SEQUENCE>4
<FILENAME>p17039exv99w906cert.htm
<DESCRIPTION>EX-99.906CERT
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w906cert</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;99.906CERT</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Certification
Pursuant to Rule&nbsp;30a-2(b) under the 1940 Act and Section&nbsp;906 of the Sarbanes-Oxley Act</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">I, Bruce N. Alpert, Principal Executive Officer of The Gabelli Global Gold, Natural Resources &#038;
Income Trust (the &#147;Registrant&#148;), certify that:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Form N-CSR of the Registrant (the &#147;Report&#148;) fully complies with the
requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as
amended; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The information contained in the Report fairly presents, in all material
respects, the financial condition and results of operations of the Registrant.</TD>
</TR>

</TABLE>
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">Date:      3/5/10&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">/s/ Bruce N. Alpert
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Bruce N. Alpert, Principal Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">I, Agnes Mullady, Principal Financial Officer and Treasurer of The Gabelli Global Gold, Natural
Resources &#038; Income Trust (the &#147;Registrant&#148;), certify that:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Form N-CSR of the Registrant (the &#147;Report&#148;) fully complies with the
requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as
amended; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The information contained in the Report fairly presents, in all material
respects, the financial condition and results of operations of the Registrant.</TD>
</TR>

</TABLE>
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">Date: 3/5/10&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">/s/ Agnes Mullady
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left" nowrap>Agnes Mullady, Principal Financial Officer and Treasurer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>p17039p1703901a.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 p17039p1703901a.jpg
M_]C_X``02D9)1@`!`@$!+`$L``#_X0QA17AI9@``34T`*@````@`!P$2``,`
M```!``$```$:``4````!````8@$;``4````!````:@$H``,````!``(```$Q
M``(````4````<@$R``(````4````AH=I``0````!````G````,@```$L````
M`0```2P````!061O8F4@4&AO=&]S:&]P(#<N,``R,#$P.C`S.C`R(#$P.C`Q
M.C(R``````.@`0`#`````?__``"@`@`$`````0```'V@`P`$`````0```'T`
M````````!@$#``,````!``8```$:``4````!```!%@$;``4````!```!'@$H
M``,````!``(```(!``0````!```!)@("``0````!```+,P````````!(````
M`0```$@````!_]C_X``02D9)1@`!`@$`2`!(``#_[0`,061O8F5?0TT``O_N
M``Y!9&]B90!D@`````'_VP"$``P("`@)"`P)"0P1"PH+$14/#`P/%1@3$Q43
M$Q@1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P!#0L+#0X-
M$`X.$!0.#@X4%`X.#@X4$0P,#`P,$1$,#`P,#`P1#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#/_``!$(`'T`?0,!(@`"$0$#$0'_W0`$``C_Q`$_```!
M!0$!`0$!`0`````````#``$"!`4&!P@)"@L!``$%`0$!`0$!``````````$`
M`@,$!08'"`D*"Q```00!`P($`@4'!@@%`PPS`0`"$0,$(1(Q!4%181,B<8$R
M!A21H;%"(R054L%B,S1R@M%#!R624_#A\6-S-1:BLH,F1)-49$7"HW0V%])5
MXF7RLX3#TW7C\T8GE*2%M)7$U.3TI;7%U>7U5F9VAI:FML;6YO8W1U=G=X>7
MI[?'U^?W$0`"`@$"!`0#!`4&!P<&!34!``(1`R$Q$@1!46%Q(A,%,H&1%*&Q
M0B/!4M'P,R1BX7*"DD-3%6-S-/$E!A:BLH,')C7"TD235*,79$55-G1EXO*S
MA,/3=>/S1I2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V)S='5V=WAY>GM\?_
MV@`,`P$``A$#$0`_`.8R\O+&9D`9%H`M>``]P``<?-"^UYG_`'(M_P`]W]Z?
M+'ZYD?\`&O\`^J*&`$%S/[7F_P#<BW_/=_>G^UYG_<BW_/=_>H0E"2F?VO,_
M[D6_Y[O[TOM>9_W(M_SW?WH-MC*FESS`';NLVSJ-CS#0`WP24Z_VW*_[DV_]
MN._O2;G9+N,FTQS%CO[USYM=OWS!3&UYU!.[Q15;T?VO+_[D6_\`;CO[TOM6
M7_W(M_SW?WK"IS+ZN\M/8K0HSF6N#7`L=YH*;OVK+_[D6_Y[O[T_VK+_`.Y%
MO^>[^]#$=DH24D^U9?\`W(M_[<=_>E]JR_\`N1;_`)[O[U"$T)*2?:LO_N1;
M_P!N._O4FY67Z5@^T6Z.K@[W3J+I[_R4%.S^;M_K5_DN24__T.5RA^MY'_&O
M_P"J*'"-D_TO(_XVS_JBAH+E@$SC`DJ4+-ZA98TQNV^#1S\4E-?+L-USC^:W
M0?)`X!2;N)(&I*/]DL#08^]%#52!A$?39.HDIC2YO(CR24Q$J1>YQF82#':$
M#E(UN9J4E-_I^2\N%;S,\$K26"Q^T`CZ06QA9!OJ#G""-"DD)TT*4)%!3&$[
M/H6_UJ_R7)),'LM_K5_DN24__]'E\D?K61_QMG_5%0A$R/Z5D?\`&V?]45"$
M%RRS.HO#KVU`"8U)6K"R>IPS(D<PBHMCI6,PW$D"!H%M_LVJV`^8=W'*Q^BB
MQ[MS3H#JNGHMK:0)$DZ`F$"D-(?5IF[U&F&]@XC[U7R.A/.NP$P1.G_273LK
M<X`@#C3E2=67#Z&OQT0M3R5/1@QI8\00)#NR:WI-;ZQIV]RZLXS(W.T<>->Z
MHYP;52ZPQ`T*5J?/[JC5<YA_-)$J_P!/)8[0Z.Y"GD5,>77&(+C`G6.43!J:
MYN_:-#I&J<AMIBIPF,H*80G9]"W^M7^2Y*$F?1M_K5_DN24__]+FKQ^LY'_&
MV?\`5%04[_Z3D?\`&V?]45%!<LL_J6%;:#=4)#!+F]].ZTE.IVUX[@Z1\4E-
M/H#"<8CNYQA;->-BM(?ELNN<=?T(G:J?2J?2<YKM(<9'Q*Z:E[:FZ,``$H%+
MG5Y.)1=%%]CW-B6O/YI\_P#R2T+<P/9N:\,GN=%AY=Q=D/N(@NT`5DMEC600
M7C5)3,96,^PX]^>]CA[F[FD#O#M_[B>ZIS`ZN\!P/?\`-(5S%KPZV#]`/4+8
MW`<_%"ZB2W'&T[@![0>4E/";W-R'4B7-W$,'?G1:>)4^MA+]'.Y"L=/Z=BAV
M3DY`/K`[JO`-F'/`_>=N4G:DGQ10P42IPF*2F"3/HV_UJ_R7)%)GT;?ZU?Y+
MDE/_T^:O_I.0/^%L_P"J*B%.X3DY'_&V?]45""@N73A,$Z26SBN_2^.X@D_)
M;UV0TXYK``<6D`^'\IRY_"W>N`W5W('C"VNIMW8GJXQ!<\`[3\$"IR1CV^L(
M!NCD@^'Q5^UOJ&L5A[7#G=&A\!"K8-P#`7@,?`W-)=H>\;6O:YJM_;*&M#9W
M$ZR-QC_H?G)*;N(0^OT;QMN;SYCL4#JC:VN+:R36!^*6*7Y8&^IU,#V/)$_Y
MH0^HLVL<9D1RDIQW!K:P0276`;CX`$^QJ$I&P6-:0($#COYIM$5,2F*DHE)#
M"$F?1M_K5_DN3E,SZ-O]:O\`)<DI_]3G+OZ1?_QMG_5%,GM_I%__`!UG_5%,
M@N4DE"=)2['.K>+&\M,A:]=X?46]G:CXK'&NDQ/=6Z0]DM&NTF#\"DEN5/JH
M,"9[PKM;Z;&1W\#`*HU6/!EU<SIQ*OU%I$BN(X*!4EI;M#CW/'D%F=0&1DO]
M#'8;+'.#&,'))_\`(_2<MG#PLW,M]+'K+WN[\-`_E._-74X'U<P>DT.R;2'W
MM:767.T#1])^T?FI!1+Y7E4?9<J[$+@YV.\U/(XW-Y0H5'-ZU5D?6#-S&:8N
M7<YS)T@3^C>?[*N3**%RF*1*B2DI8IF?1M_K5_DN2*3/HV_UJ_R7)*?_U>=M
M_I%__&V?]45&%*W^D7_\=9_U157)ZABXQVV.E_[C=2@N;`4;+:ZF[K'!C?$F
M%BY'6LBS2D"H>/)_\Q5%UCWF;'%Y\R2E2K>BZ;<.J=:Q<*D%U`?OM,?2#!O_
M`.V]RZC)Z5;A93VO$UV$V4O[.:?>X-_XISO3>L;ZCXM.%5D=:RSLKK:6AT3`
MELD1_FK<R_KST7-K9AG&O?16=_V@;6/#I^BUKB?9^_\`^>T"IO=/IHM:`X`D
MP!XRNDP/JT+(?DM].O\`<_./_D$'ZG-^KN4+,G`<ZW(8?<R[Z3`?HNK9);_U
MU=4B`@E%CXN/BUBNBMM;?(<_UOWEQ/\`C5^L;<#I'[)Q[(RLTQ9M.K:FPY\_
M\;_U"[+/S*\+%?D6<,&@\2OGSZR=9MZSU6_,>XN:XD5R9]H[_P!KZ2*@Y)5W
M%ZJ_'`KL;OK'?\X*DHNY24]#3FXUX&QXW'\TZ%%)7,<<*Q1U#)I/TM[>[7:_
M]))-N[*=GT+?ZU?Y+E0JZM0X?I`:S]X5IF13]GMMWCT]U?N^5R"G_];B^L]1
M?1E7T4Z/]5Y<_P`)<?HK#)))),DZDE:W5F=._:>5ZMMH?ZKI#:P1R>_K-539
MTK_37?\`;3?_`$NDEJ(^%CNR<JNEHESR`!XDF&C_`#D39TK_`$UW_;3?_2ZU
M/J\S"^W,^S6N-NYNWU:P!N_,^C<[\Y)3L=?9]@P<7I=;AJT66M:#J?%_]K\S
M^VLBAK6G;,$3)XU'P5KKC3^W;OM=M@R=K=&URR-GLV?ID#"9C^JV+7;-S9#Z
MQMY_._3?S?[Z";>H^J?3NI-NHZJVUV+7620\:&QGM=Z3Y^GCOV^_^HO4<+-;
ME5[BTUO'TFG\H7"X@ZYZS-SJ#H/1]1OZ.>T;'[5HN'UN^S.])V.#/O+6^[_J
MTM4%Q_\`&G]9O2Q1TS'<-]Q(,'4-$[[=/WOYI>3RNC^MK'_MFS]JVV"[:-@9
M6"S9^;Z7Z;Z.[<L79TO_`$UW_;3?_2Z(4UBH.5PLZ9_IKO\`MIO_`*73;.E?
MZ:[_`+:;_P"ETE--)7-G2O\`37?]M-_]+I;.E?Z:[_MIO_I=)335QG_)5W_'
M5?\`4WI;.E?Z:[_MIO\`Z75EC.G_`+/M_2V^GZM<GTVS,7?\,DI__]G_[1#\
M4&AO=&]S:&]P(#,N,``X0DE-!"4``````!``````````````````````.$))
M30/M```````0`2P````!``$!+`````$``3A"24T$)@``````#@``````````
M```_@```.$))300-```````$````'CA"24T$&0``````!````!XX0DE-`_,`
M``````D```````````$`.$))300*```````!```X0DE-)Q````````H``0``
M```````!.$))30/U``````!(`"]F9@`!`&QF9@`&```````!`"]F9@`!`*&9
MF@`&```````!`#(````!`%H````&```````!`#4````!`"T````&```````!
M.$))30/X``````!P``#_____________________________`^@`````____
M_________________________P/H`````/__________________________
M__\#Z`````#_____________________________`^@``#A"24T$"```````
M$`````$```)````"0``````X0DE-!!X```````0`````.$))300:``````-'
M````!@``````````````?0```'T````)`%``,0`W`#``,P`Y`#``,0!!````
M`0`````````````````````````!``````````````!]````?0``````````
M```````````!`````````````````````````!`````!````````;G5L;```
M``(````&8F]U;F1S3V)J8P````$```````!28W0Q````!`````!4;W`@;&]N
M9P``````````3&5F=&QO;F<``````````$)T;VUL;VYG````?0````!29VAT
M;&]N9P```'T````&<VQI8V5S5FQ,<P````%/8FIC`````0``````!7-L:6-E
M````$@````=S;&EC94E$;&]N9P`````````'9W)O=7!)1&QO;F<`````````
M!F]R:6=I;F5N=6T````,15-L:6-E3W)I9VEN````#6%U=&]'96YE<F%T960`
M````5'EP965N=6T````*15-L:6-E5'EP90````!);6<@````!F)O=6YD<T]B
M:F,````!````````4F-T,0````0`````5&]P(&QO;F<``````````$QE9G1L
M;VYG``````````!"=&]M;&]N9P```'T`````4F=H=&QO;F<```!]`````W5R
M;%1%6%0````!````````;G5L;%1%6%0````!````````37-G951%6%0````!
M```````&86QT5&%G5$585`````$```````YC96QL5&5X=$ES2%1-3&)O;VP!
M````"&-E;&Q497AT5$585`````$```````EH;W)Z06QI9VYE;G5M````#T53
M;&EC94AO<GI!;&EG;@````=D969A=6QT````"79E<G1!;&EG;F5N=6T````/
M15-L:6-E5F5R=$%L:6=N````!V1E9F%U;'0````+8F=#;VQO<E1Y<&5E;G5M
M````$453;&EC94)'0V]L;W)4>7!E`````$YO;F4````)=&]P3W5T<V5T;&]N
M9P`````````*;&5F=$]U='-E=&QO;F<`````````#&)O='1O;4]U='-E=&QO
M;F<`````````"W)I9VAT3W5T<V5T;&]N9P``````.$))3001```````!`0`X
M0DE-!!0```````0````!.$))300,``````M/`````0```'T```!]```!>```
MMY@```LS`!@``?_8_^``$$I&248``0(!`$@`2```_^T`#$%D;V)E7T--``+_
M[@`.061O8F4`9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5
M$Q,8$0P,#`P,#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.
M#1`.#A`4#@X.%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#`S_P``1"`!]`'T#`2(``A$!`Q$!_]T`!``(_\0!/P``
M`04!`0$!`0$``````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!
M``(#!`4&!P@)"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!
M,@84D:&Q0B,D%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?2
M5>)E\K.$P]-UX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'
MEZ>WQ]?G]Q$``@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12A
ML4(CP5+1\#,D8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+R
MLX3#TW7C\T:4I(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'
M_]H`#`,!``(1`Q$`/P#F,O+RQF9`&1:`+7@`/<``''S0OM>9_P!R+?\`/=_>
MGRQ^N9'_`!K_`/JBA@!!<S^UYO\`W(M_SW?WI_M>9_W(M_SW?WJ$)0DIG]KS
M/^Y%O^>[^]+[7F?]R+?\]W]Z#;8RII<\P!V[K-LZC8\PT`-\$E.O]MRO^Y-O
M_;CO[TFYV2[C)M,<Q8[^]<^;7;]\P4QM>=03N\456]']KR_^Y%O_`&X[^]+[
M5E_]R+?\]W]ZPJ<R^KO+3V*T*,YEK@UP+'>:"F[]JR_^Y%O^>[^]/]JR_P#N
M1;_GN_O0Q'9*$E)/M67_`-R+?^W'?WI?:LO_`+D6_P">[^]0A-"2DGVK+_[D
M6_\`;CO[U)N5E^E8/M%NCJX.]TZBZ>_\E!3L_F[?ZU?Y+DE/_]#E<H?K>1_Q
MK_\`JBAPC9/]+R/^-L_ZHH:"Y8!,XP)*E"S>H66-,;MO@T<_%)37R[#=<X_F
MMT'R0.`4F[B2!J2C_9+`T&/O10U4@81'TV3J)*8TN;R(\DE,1*D7N<9F$@QV
MA`Y2-;F:E)3?Z?DO+A6\S/!*TE@L?M`(^D%L860;Z@YP@C0I)"=-"E"104QA
M.SZ%O]:O\ER23![+?ZU?Y+DE/__1Y?)'ZUD?\;9_U14(1,C^E9'_`!MG_5%0
MA!<LLSJ+PZ]M0`F-25JPLGJ<,R)',(J+8Z5C,-Q)`@:!;?[-JM@/F'=QRL?H
MHL>[<TZ`ZKIZ+:VD"1).@)A`I#2'U:9N]1IAO8.(^]5\CH3SKL!,$3I_TET[
M*W.`(`XTY4G5EP^AK\=$+4\E3T8,:6/$$"0[LFMZ36^L:=O<NK.,R-SM''C7
MNJ.<&U4NL,0-"E:GS^ZHU7.8?S21*O\`3R6.T.CN0IY%3'EUQB"XP)UCE$P:
MFN;OVC0Z1JG(;:8J<)C*"F$)V?0M_K5_DN2A)GT;?ZU?Y+DE/__2YJ\?K.1_
MQMG_`%14%._^DY'_`!MG_5%107++/ZEA6V@W5"0P2YO?3NM)3J=M>.X.D?%)
M33Z`PG&([N<86S7C8K2'Y;+KG'7]")VJGTJGTG.:[2'&1\2NFI>VINC``!*!
M2YU>3B4711?8]S8EKS^:?/\`\DM"W,#V;FO#)[G18>7<79#[B(+M`%9+98UD
M$%XU24S&5C/L./?GO8X>YNYI`[P[?^XGNJ<P.KO`<#W_`#2%<Q:\.M@_0#U"
MV-P'/Q0NHDMQQM.X`>T'E)3PF]S<AU(ES=Q#!WYT6GB5/K82_1SN0K'3^G8H
M=DY.0#ZP.ZKP#9ASP/WG;E)VI)\44,%$J<)BDI@DSZ-O]:O\ER129]&W^M7^
M2Y)3_]/FK_Z3D#_A;/\`JBHA3N$Y.1_QMG_5%0@H+ETX3!.DELXKOTOCN()/
MR6]=D-..:P`'%I`/A_*<N?PMWK@-U=R!XPMKJ;=V)ZN,07/`.T_!`J<D8]OK
M"`;HY(/A\5?M;ZAK%8>UPYW1H?`0JV#<`P%X#'P-S27:'O&UKVN:K?VRAK0V
M=Q.LC<8_Z'YR2F[B$/K]&\;;F\^8[%`ZHVMKBVLDU@?BEBE^6!OJ=3`]CR1/
M^:$/J+-K'&9$<I*<=P:VL$$EU@&X^`!/L:A*1L%C6D"!`X[^:;1%3$IBI*)2
M0PA)GT;?ZU?Y+DY3,^C;_6K_`"7)*?_4YR[^D7_\;9_U13)[?Z1?_P`=9_U1
M3(+E))0G24NQSJWBQO+3(6O7>'U%O9VH^*QQKI,3W5ND/9+1KM)@_`I);E3Z
MJ#`F>\*[6^FQD=_`P"J-5CP9=7,Z<2K]1:1(KB."@5):6[0X]SQY!9G4!D9+
M_0QV&RQS@QC!R2?_`"/TG+9P\+-S+?2QZR][N_#0/Y3OS5U.!]7,'I-#LFTA
M][6EUESM`T?2?M'YJ042^5Y5'V7*NQ"X.=CO-3R.-S>4*%1S>M59'U@S<QFF
M+EW.<R=($_HWG^RKDRBA<IBD2HDI*6*9GT;?ZU?Y+DBDSZ-O]:O\ER2G_]7G
M;?Z1?_QMG_5%1A2M_I%__'6?]455R>H8N,=MCI?^XW4H+FP%&RVNINZQP8WQ
M)A8N1UK(LTI`J'CR?_,51=8]YFQQ>?,DI4JWHNFW#JG6L7"I!=0'[[3'T@P;
M_P#MO<NHR>E6X64]KQ-=A-E+^SFGWN#?^*<[TWK&^H^+3A59'6LL[*ZVEH=$
MP);)$?YJW,OZ\]%S:V89QKWT5G?]H&UCPZ?HM:XGV?O_`/GM`J;W3Z:+6@.`
M),`>,KI,#ZM"R'Y+?3K_`'/SC_Y!!^IS?J[E"S)P'.MR&'W,N^DP'Z+JV26_
M]=75(@()18^+CXM8KHK;6WR'/];]Y<3_`(U?K&W`Z1^R<>R,K-,6;3JVIL.?
M/_&_]0NRS\RO"Q7Y%G#!H/$KY\^LG6;>L]5OS'N+FN)%<F?:._\`:^DBH.25
M=Q>JOQP*[&[ZQW_."I*+N4E/0TYN->!L>-Q_-.A125S''"L4=0R:3]+>WNUV
MO_223;NRG9]"W^M7^2Y4*NK4.'Z0&L_>%:9D4_9[;=X]/=7[OE<@I__6XOK/
M47T95]%.C_5>7/\`"7'Z*PR2223).I)6MU9G3OVGE>K;:'^JZ0VL$<GOZS54
MV=*_TUW_`&TW_P!+I):B/A8[LG*KI:)<\@`>))AH_P`Y$V=*_P!-=_VTW_TN
MM3ZO,POMS/LUKC;N;M]6L`;OS/HW._.24['7V?8,'%Z76X:M%EK6@ZGQ?_:_
M,_MK(H:UIVS!$R>-1\%:ZXT_MV[[7;8,G:W1M<LC9[-GZ9`PF8_JMBUVS<V0
M^L;>?SOTW\W^^@FWJ/JGT[J3;J.JMM=BUUDD/&AL9[7>D^?IX[]OO_J+U'"S
M6Y5>XM-;Q])I_*%PN(.N>LS<Z@Z#T?4;^CGM&Q^U:+A];OLSO2=C@S[RUON_
MZM+5!<?_`!I_6;TL4=,QW#?<2#!U#1.^W3][^:7D\KH_K:Q_[9L_:MM@NVC8
M&5@LV?F^E^F^CNW+%V=+_P!-=_VTW_TNB%-8J#E<+.F?Z:[_`+:;_P"ETVSI
M7^FN_P"VF_\`I=)3325S9TK_`$UW_;3?_2Z6SI7^FN_[:;_Z724TU<9_R5=_
MQU7_`%-Z6SI7^FN_[:;_`.EU98SI_P"S[?TMOI^K7)]-LS%W_#)*?__9`#A"
M24T$(0``````50````$!````#P!!`&0`;P!B`&4`(`!0`&@`;P!T`&\`<P!H
M`&\`<````!,`00!D`&\`8@!E`"``4`!H`&\`=`!O`',`:`!O`'``(``W`"X`
M,`````$`.$))300&```````'``@````!`0#_X1)(:'1T<#HO+VYS+F%D;V)E
M+F-O;2]X87`O,2XP+P`\/WAP86-K970@8F5G:6X])^^[OR<@:60])U<U33!-
M<$-E:&E(>G)E4WI.5&-Z:V,Y9"<_/@H\/V%D;V)E+7AA<"UF:6QT97)S(&5S
M8STB0U(B/SX*/'@Z>&%P;65T82!X;6QN<SIX/2=A9&]B93IN<SIM971A+R<@
M>#IX87!T:STG6$U0('1O;VQK:70@,BXX+C(M,S,L(&9R86UE=V]R:R`Q+C4G
M/@H\<F1F.E)$1B!X;6QN<SIR9&8])VAT='`Z+R]W=W<N=S,N;W)G+S$Y.3DO
M,#(O,C(M<F1F+7-Y;G1A>"UN<R,G('AM;&YS.FE8/2=H='1P.B\O;G,N861O
M8F4N8V]M+VE8+S$N,"\G/@H*(#QR9&8Z1&5S8W)I<'1I;VX@86)O=70])W5U
M:60Z-#0R,#)E-C@M,C5B,RTQ,61F+3DS.38M9#0T.3=C9F%B835E)PH@('AM
M;&YS.GAA<$U-/2=H='1P.B\O;G,N861O8F4N8V]M+WAA<"\Q+C`O;6TO)SX*
M("`\>&%P34TZ1&]C=6UE;G1)1#YA9&]B93ID;V-I9#IP:&]T;W-H;W`Z-#0R
M,#)E-C,M,C5B,RTQ,61F+3DS.38M9#0T.3=C9F%B835E/"]X87!-33I$;V-U
M;65N=$E$/@H@/"]R9&8Z1&5S8W)I<'1I;VX^"@H\+W)D9CI21$8^"CPO>#IX
M87!M971A/@H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`*/#]X<&%C:V5T(&5N9#TG=R<_/O_N``Y!9&]B90!D0`````'_
MVP"$``$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$"`@("`@("`@("`@,#`P,#`P,#`P,!`0$!`0$!`0$!`0("`0("`P,#`P,#
M`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`__`
M`!$(`'T`?0,!$0`"$0$#$0'_W0`$`!#_Q`&B````!@(#`0`````````````'
M"`8%!`D#"@(!``L!```&`P$!`0````````````8%!`,'`@@!"0`*"Q```@$#
M!`$#`P(#`P,"!@EU`0(#!!$%$@8A!Q,B``@Q%$$R(Q4)44(6820S%U)Q@1AB
MD25#H;'P)C1R"AG!T34GX5,V@O&2HD14<T5&-T=C*%565QJRPM+B\F2#=).$
M9:.SP]/C*3AF\W4J.3I(24I865IG:&EJ=G=X>7J%AH>(B8J4E9:7F)F:I*6F
MIZBIJK2UMK>XN;K$Q<;'R,G*U-76U]C9VN3EYN?HZ>KT]?;W^/GZ$0`"`0,"
M!`0#!00$!`8&!6T!`@,1!"$2!3$&`"(305$',F$4<0A"@2.1%5*A8A8S";$D
MP=%#<O`7X8(T)9)3&&-$\:*R)C495#9%9"<*<X.31G3"TN+R565U5C>$A:.S
MP]/C\RD:E*2TQ-3D])6EM<75Y?4H1U=F.':&EJ:VQM;F]F=WAY>GM\?7Y_=(
M6&AXB)BHN,C8Z/@Y25EI>8F9J;G)V>GY*CI*6FIZBIJJNLK:ZOK_V@`,`P$`
M`A$#$0`_`**^UNV.VXNW>VZ:G[;[2HJ6C[2W_0T5%0[_`-ST=%245'N;)04M
M+34T.22""G@B0*JJ`JJH`]IN(-2>)\SZGY]'D<49C0E%KI'E\ND">VNX[@KW
M'VXUP?T]C[L(X`+?3*F]K_X^_4^9_:>K^#%_OL?L'7/_`$K=S`W/<7;G)OQV
M-N[D?BX_B>H7][H/G^T]>\&+^`?L'^;K,.U.XN;]R]N'DV(['W6`0.3_`,O4
M&_'OV/\`43U[PHO]]C]@Z[;M7N-;`=Q=N,Q_[^/NOT$?^16[<?GZ6]ZI\S^T
M]>\&+^`?L'63_2OVZH]7<7;2D*69?](^[;<7Y+#*@CG^MO>B*^9_;UKP8OX!
M^P?YNH/^FGM%5UGNKM3E=:I_I-W4OI'-N,J6NH^OX'OU#ZG^?^?KWA1<-*U^
MP==XWN[L?(^9J/O#LZK6!O',*?M+=$OA<+RKZ,NQ4@$$?U'OVD@\3UH10G@!
M_+IY7M;M9]!3N#MIE8$E_P#25N[3P;>D_P`5LPO^?I[UI/\`%_A_S];\"/\`
MA'[!UW_I2[::UNX.VA^IC_QDG=Q&E2."#E+ABI][H?XO\/\`GZ]X$7\(_EUD
M_P!*/:Z\'N#MNUA<?Z2=VWMP;\94<"W]/?J'U_P_Y^O>!'_"/V#KG_I/[8M?
M_3!VV/TD$]D[M*D_6W_%T%_=26K2N?M/^?KQAB.-`_8.NQV?VR#8]O\`;?\`
MC?LG=W!^EO\`BZ7OP/?N\>O[?]D=5^GA_@ZXMV?VQR!W!VV>`2%[(W:;<C^N
M4L01S[W5_0_M_P!GK8@B_@Z\.SNUR;_Z8>W+FX`'96[>0=)O_P`76]A_L/>B
M#3BW6_!C_@'[!T]8SM/MB3;.]H7[;[3<TNYNKUIJANP=TFLIXZ_"=O/74\-8
M<GY8X*R7&T[2QA@CM!'<$J"-YH>-:CS^1Z8,<?C*NC%#Y#T'7__0U^NU8@>W
M^XC8>OMSLD_0_3^]V4%A].3;_7]I1YCYGH_A_LD^P?X!TC(:2,@-Z>&&I;_J
M'^IO>]K?7W;ISJ6L,9/Z01?U*2>`5-AQ^+-Q_M_?NO=9S`+<J+FUB!?4%-OU
M74\@6_UO=2P!'7B0.DMNK<>#VCBZG*YJLIZ:GIXPZPAXA5U4A)T0TL+RQO+(
MQ6PM_L?I?W89X=59PHU'AT2S<?R&W%EYY:?&4F/H,:7(6F8O/42JOT>:I(74
M7!-T46%_K8>W1&//I`UVYKI4`=`C-N?(C*R9A*EJ>L=I':196%DDY\85F9="
MD<`WO]3S[N`*8Z8+,&K6C=8)=SY2=WJ8:BIAR#3B05$-1(DI!C6(H(XPL;K(
M06]0)))`]^H.O>(WY]"+LON'?FU61$JQ7XN:9YGHL@$$((ALZT\B02M2%G6Y
M""S,2?R?=2BGRZ<CGE3SJOSZ-WL7N_"[HK(<3E**IP>2ECO"M9+"(J@^,.8X
MO+X&*A.1P20;_P"/MED85TTITMCG5SIX-T.T0B;U16D#*#<'\-8\L"3;2/\`
M6_WOW750#5@]/_;U)$8(*JKFUCJT,+_3TVM;Z?G\>]:>_57'7O.O7?@XNO`(
M)*\D`<6-S]&!//U][#5)%.'7NL/B<`AE`:]_]?D#\D<V/U]VZ]UP*A2"03R+
MZK\'ZFQM?_8CWH\#U[ITQ2+_``'?OUT_WEZD_P!?_BP]U_\`)OO5>TG[/\!Z
M3$?KK_I3_DZ__]&@WL^$/VQW";7![;[)X^ES_>_*&][$F_M(#D_;T?0G]-/L
M'^#I&?;LI)12`1Q:]R+#^I%K$?U^GNQ('$].]9HXF0M<@`VY/(O;Z'\<6_P]
MUUKZ]>KU&K:D4D+U$HD9(4=W$?ZP$4.PX:^D_P!>0![TGXC3!ZT//JMOM?<=
M1O?=^2J[HF/QSOBJ*.9E=HHZ5I#-,K-I*QO*KGZ7YL;\>U2C2!Z]%L[&5S0X
M'07HBT]+.=4<DCQ216$)C9(R%URHQ!5O2/Q<\^[],$4%//I+2:SRY-[6`!!L
M+7'YX^O`X]^ZKUFIJCP,CA%,BWTR&]XS<@,0!Z@AL1^??NM]2(S4/PLC.`S2
MIIU$L_T<Z>2252_-N/?NM4Z?)LS79&5:AIA"VI&$D8<,'BC6-6#ZBRG]H?GC
MWZG5RY)!\^C:]!=CY>?(TNV,W6SUD<T,'\.J*JHGE>.(RI!]N\;R2ZD'D!0@
M"QX)_`:=1Q`Z6VTI)T,:]'60&-6N/2/T\'UGD<$CZ@\6O]/;1`(H>'2SK*US
M9@IOPP_I8N19;<7!_P!?WJAH`IZ]UUX]19C>[$G26)_(%B./I>X'X]^H_P#$
M/V=>SU'>$#4-)L"?U`&UB`IX'^P]U9BN#DGK5:<>I>*T_P`$WZ;&W]YNHS?U
M?7^[_=BZK?[Q:]O>@>PC[!_QD])R?\87.*'_`"'K_]*A[LBQ[4[>!7U?Z7>R
MC<_3G=V4%Q<VM:_'M%)7)'K_`)3T>P_V2'Y#_!TCD`MJ"BUK'F_-K_D_X'Z?
MU]ZPQRV*=.]=/"2DA4%F*W`^AU?7Z\`@@_3WJH8+1<UZ]\^B4=^;CW%C*MX6
MS4>)C+M!C<+0/,,C4TIC1*BNK*KRHHB#DV4+9@Q`-P3[5(`:]);AV4?%3Y#C
MT4C'I75E1/#3K45M16D*$AAEJ)RQ=I6:.,([EP5)8CFQN3]?;V!T@&H\!7H6
M!U/N%,?!-)0M'(XU+'5>,3!-.I/\C_SR*_+`M?7^+CW6H->GQ`]`0/Y=![F=
MI9X58,M(9IG]`A@ID3Q(@8D/3T\<8IX44?D+8<6'T][J.FC&]>&>F^JVGD,?
M'$]7!40-)%YXXI87U2QZVC=P0%\6D@6!!O\`U]^J.O&,@9X]8:?"9-V@DIJ2
M:2.745=8W6X:,@HCE0#8*#Q]/]X][J/,]5"L>`ZS5F`R.(\<LT,ZQW4EGIY$
M*GGAHVTE1J%E)MJ_UO>@:];9"N?+I48G-OCH:"JI9'CRE'.DHFC`2:1Z9DF1
MIU=&4)=N>/[%KF]O>B./5U?2%S0]6/=,;\J.P]JP9'(41IZZ&>:EJ##-YHYA
M&P*S(H1#&SJ;D$6'%CSPPPTL/X>C&%S(@8C/0Q>`6NBV]5@;`&W%M0'(!_'X
M]^Z=ZP2J46Q6WTYN"/R0#>U]7T%OH?Z>_=>Z@.=9((6Q_P`;DF_TL2""+BWO
M1`(..O?;U)Q4:_P??JW:W]X^I#^/^>?[K-K7_I_L;^]4%"/L_P`!Z8(_QA13
M\)_R=?_3HB[&C)[3[=]/#=N]F`D"U_\`?W90#FW!O<<^TE*ZAY5Z/H!^C&/E
MTEUB4*`02X(!!"_0$$V!TB]@.1?WX(H\NG>N3(1J`4\?U4$6N>;_`%(%O]O[
MM0#@.O=$<^164I\CO3#[5HZ&C^XDHHXZ[(U%+`\\0GJM06GF8-,D,4#ZVN&`
MMZ5O]7(Z@5(Z1W!JP2GEQ_/H4OBSUSA*W=\\LM)2M34D<M%3M)$TT4HB:/56
M2>:-B)*N5;KJ`T@JMAZK4E9PO5X4"U('5HB_&O:N\3!2YE:J*CR4D6N:@F--
M6-*$$=.BSI')&L$19UM)&P(468#ZIC(RYKTKIBAX]/--_+4Q'WT>X,=6RTF(
M,`:AQ^;KL?*DU1$&MD9HU+U%113B1#X955@P)#7X5HW@%!3/5/#'DHZ!_L/X
M)YJ=#4RX"FJ*G["OIUJHI:)HZ:F@CD:.7*1K.)))ZN0ND#DN54K?40#[=2Z6
MN&!ZTR*6&L>72-VA\-HL1C:O#Y>C>CKJ.AI:S'9(JM11(S*2T7BC1)VIGD25
M00'8J!KX(/N[3DY'#K2QZ0`%ZP;F^)N!SFWH#]JS>6B"9-56.**E=4>?73LT
M4+&:-XU@0RQMZG'U)9O?A,P/RZVZ*PHPX]4N[PVM6;.W=FMOS23+_"\I5T"5
M(=@DR0S,H+!8UD0,@N187%Q:_M:K!E!^713(FAROE7HV/04U9@J^/P5+/%F%
MU5-$]VB*1QR&*:)7M%12A=3'1&3*O^L;M2`&@(Z7P8_%QZ.V&.@,"!J7R?E#
MP01>PT\7_P!M_M_;:D$8X=*>H,J%QPH)U$\VX8$V-[?D7YY_VWO8&6/ECKW4
M5H5!_P!=0P8\W<^D6`M9KG\?U][Z]UEQ2_[BM^K;G^\74@O;G_BP=UK>^K_8
M?7WKU_+_`"],G_<E3_1/^$=?_]2C#L!;]G]N$_\`/W.R_P`?]GAE#8,`W/`]
MI1Q;[3T?P_V:?8/\`Z32Q.WI'+<<6!(YY'^(%_ZD>[=.=9?MV-M9*@/?Z`LO
M']!]/4OU(]^Z]U7M\FE@Q&_XJJE6-I9,?2S/)Z6D:6GD]*R*+A%5;$7()%O2
M>#[<CROY](+G$@-/+_+T83X5QYS/Y0Y6AF?[&ES!>N00Z_0J(Q6!E0GRLTJE
MV9@H%Q:Y]MS&@`/'I^U.M3GSZO3V+NG;N.J*&%JNACJ*FIBI\?#45E/1222Z
M61Y8H58R5;>2Q4`?4V^E_9?(A(KGI8>(Z.UA<%6Y""EJH8**1Y:0_;A6K#4.
MX*:6>*2KG42W_2P10IX'Y]H:TP*Z>M]*#([>J,G2W.V0DWBT1I-4LM+))$SF
M:2II4B\#R.D8T'U,@75[U4^O7NDK5=;826(UU?)]ADZJ-Y:9A5B!Y*K5H,?W
M"H95IRT)5E!9!>^D,QO8,<BO7J#CT5WO&GQFT=EY+<,QHGIZ.&*FGA>I%3#`
MDZ,*@5+F8B82S$CR,_+%7-C<^U$+$M3RZT1@]:Z/86U<-GJG.;XG6DCIZC<]
M=#2P/5K)5STB005J"$)(TCU,<%6J+9@967BYN/9LM11!TE>-3WMY=*[I+;&/
MR6/;,#$T,7V%>Z4II6J*OTKZ?-+]S:6%PK\K(9.5!N"/>G:G'@.MQ@`5TTZ,
M\:5M(U$_4:?K<"S!KA64G@?U_/MD.%``%>G*]194D(*H+V''-FO_`(VN2+`_
MX^WO3K?33+$;@7L?TW/(X/)L;`?2_P#0#W[R/7NO8H'^&[]2[6_O!U(/J;Z?
M[O\`=9M_K_CZ_7WKR)^S_`>F3_N0O^E/^3K_U:/]\QZ^S.W#Q<]M]FZ=0NH_
MW^&4!M_M5OI]/:7U_P!-T?P_V4?V#_!TGE1E^EE:X#+;U#T@V323;5_L?=NG
M.N]/Z%`"L1P?\>/I8Z@?K?CBWOW7NBA?)/I/=.ZX:C?.U:5,A#@,/4U&<Q49
M=J](*4K+-D*6G4-Y(:>C1I)+<K'$Q(X]V1U4Z2<]);J-G`8>0Z&;X%8N6;KJ
MIBCCF>LR.:R4],$$<:JB)2Q@SS,R:4F.H`MQ?CCVU<?$.K6N(L<:GJRK`]9]
M88J6FSW;^U>XNP\M62OD4FZHHDR$>RZ:GF2*E^YB::"NC\-+,)0*2"J!L&D]
M6D,D9I.",H^WSZ4\<MT.NW^Q>J-B;Q-+UYVSO_<%?B),*<A@=X5PFEJ-N9-9
MI*:85U+-I98F@>G^VK8J6LCFUB6)`RW:*2NO=&!7K:TKCSZ.!N;MRFS>'3*X
M[<U'@Q.Z$U=7*U+!2T]1&\$E6U3%,#31T<,1.H?33R+>THC(;2RD@?MZM5>%
M>B?4_:/76<W!6=;;^^6>]-OY"FCDR^,7-;7W!0XB6F9LC48W)4VYG0O/MPTD
M<A@J'>..=(M2DZENJTL.](!\Z'_5D?;U6OEJJ>LF\MMY/!197;/8-+2Y6CF2
MHC>H@CU8'-X^HI9'HZNGI)Y*H^7Q%&8.6_<`92/J+*P:CICCCY]>-<XQ3K67
M7+5V.W[GMC4T-?FL?_>6LQVWZ"!X#7R>+("&@589Y$B#I"FE@O*-RK`#DTI4
M*U?+I!KI(\?$5Z/-U-M7,;<PT]3G5%-F,I*SU,$@9)Z:"!IHX::I!12TC1D.
M?QR!S8>T\K`F@/2H5TBO'H479+,IY(-V86-[_3ZVN+_X6M_K^V>M_/IIJ"R"
M1%_)%R?TVU*`;<<$<_0\?3VH0DJ*]6'38R.&NQU,WJ;D7Y^H/^']3_7W9N!Z
M]UUBK?P[?@]/_%_ZE'UXU?P'NL_2UOK[W04.//IDC]=?]*?\G7__UJ1M[ACV
M3VX`@8?Z6^S@/H&!_OCEM5G)L+6_K_L/:3S/^F/1_%_91_8.F%;ZE'I8_33<
ML0ME)("_4?@D$D'W8D#B>G>I:QH5))*L?J;<Z?[-B+\`$\D7]M.YKVMCJI/2
MCVU6G%Y>E=HQ-%6":A,+J3&TM72RTE+Y;>G0):G20WH9&-^#[I2H)KGKW3E\
M4]F1[4KLICLDAI(X-T943TZW4TL%3D!5!`J11^".**70?2I0`@FX/O<QK0C.
M.M*M,>75XVSLSC-G8PRTF!Q]/245#45<4D*NIDUZIM;5168RRS2.5\<NNPX)
MXX*VJ[4)-:]/CJJ;M?>$V2WYN3>E;1K%5YIWIX((8?))%2I/-)2R-XX(V=U:
M8VT#3<V(/%C!%TH%K@=-M4&O0T3XY*G$8K`M05E--N+%4TU:)!*TTSH461_!
M(RH(I8+Q\"VD\@WM[I7XCCCUNE.WUZ.!UGM_IS;6'I9CU9BO[Q5&%AH7SM)C
M7-17Q0+%#IK999JHEX3"`Z>-4-_TVL/:1W<L>_%3BO6Z`4].D3\A9YZ#8--_
M"ZFHR-/04QBQM'DTBFKZ6!4IY/##51!&AIHO-+H@*L(X]**?0;6M\N3Y]:;@
M:#JG?X^?'GK&DR/=/:?8E#5C?]+DDW!L6.2J,.-Q>USD:O'9C<6/HJ=VER.7
MRE=E8HZ=*C]N,0:@I+`@PDD>B*G]GP/3*QJK%R.X].]>!5U516,#>HF>2P`T
M6D<L/TD*2HM<"UR/=>K=-4E.BFQ()6S$^H6%R.&#&Y(_Q'OWKGKW425-"DA`
M-*W]5AIN>%4_4AC_`$Y_U_?C3RX=>Z8:IKO<@`$'2JB]@.%:]A86))_K[4C@
M.K=8,4#_``W?@_/\?ZE'^P_@/=0O];?X>]U&FM<5Z9/]NO\`I3_A'7__UZ0]
M\.#V5VU'?2W^EWLPB_`M_?#+<BX(N.?]A_C[2>9_TW1_"/TD_P!*/\'37`IU
M-9!JX-P`6*V`-^?Z-_K"_/NLO!>KGJ4I5!^D`EA?Z\D7#?T4ZA_3CVSUKJ1"
M^G2;VD6SAA<,&%V1E)L0+KR?\/\`;6`!(IU[H<>L:[R;K9G>GJ1E,GCJFIG0
MF*#S#$4<LM/.Y%CI<,&)#`R+_L?=6I0T/5@:''5LN\]^T-3U[48"E@Q&/RE1
MMRMQE+7B'P+CDFI7"Y?,2QI=(J&4@J$+R,B\*3[+D0ZZTQ7]O3AP#C/55]+L
M'<XWCCY*;'U^_P`4&K[K(45;3)3U%-13Q^N&"NJZ8H\]R4.D@`V/UY,-0`J3
M3IKAGHV.YZ)-PU>SZ7;%-OG$92GAG:MDRT]"HHZ^.6.=<;0347VTE+"T48#E
MG?R2DE2JV'MA2JARQ4CJY^)33HVW4U9'F,%_<OL/'TV*W[AJ@RU<SR++'G,5
M+;[#)0S0F17FJ(G`D<$7D1E8:A<II0`2R&J'_#U;-3T&/RDQ^W\97U5!MB:I
MK-K4V,GFBGEE64U%2T%-J@DULYC\5095TQJHL+DM^7+?BP''JM3I-1W=54U]
M+CL3@,=44E575F9W/04<69GFJ$--CL=AJ[(-28#&TT2`Q48J9%J)#)J=I"O-
ME4!=7]@ZH?+I%,>/Q;U&^H7-OJ#:ZC5S_K_GWKK74&9A>UO2#8Z?H5)(MRH4
MZF7_`%O?NO=-LSN?5=N.>"!Q8D`?@6^@^EO?NO=,,D>J2[-^DEB?[-KV6]S:
MX_H./I_K>U0X#JPZ]BD'VF_$O_S$'4G-C]/X!W6U_P#5?3\_\1[I_H1^W_+T
MR?[9/]*?\*]?_]"D_>5*9NR.VBBWD';O9IXO_:WAE$^BD:K`_3VB9J:OM/1_
M":1H1Z#_``#I@6&9/2W"W^A_)^IY"Z]3DV_P'U]MLQ;CU>O66*-WN>3JN/H2
M5&E6MJ^IM;ZGD^Z]:ZE)&XO;@_IT\:>2!^H@6X'X^M_>P2,CK?#H5NEDR1WQ
M3T^.C2IKUGCRU%CR5"59H8`)J96<:#-+!"VD>J[:>.0?>G`TC/$=;'E3JSKY
M-T9R'5,6\>KY\3493/4E'4OC,LI@@GIH,8\%513O3,TU%7FJT6DT,%#&ZN![
M16^'TN,#JY)(.D9Z*+T=O.EI\+35.9QU)@\\N/I$SF)R-=N1?LLH32M7TV.K
M<-M;<&(S6)AJ))#!+(:222.,EH4)`*J5230?#_J^8ZJI.!IZ'W_2]LC$XZCQ
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MM:_)/O76NH3L`-*$\BS,`"PY"GZDCD_T_P!O[]U[IIJ0G!.D,/3JTAFL3]-`
M%A?GZGC@^_=>Z3\Y!:WJMR1_K\DV&JQTJK"_XO[5#@.K=8,4@^PWX+\?Q[J4
M_5[W_@'=0M>U_P!7^P]TQX1'S_R],$_KJ/Z)_P`G7__1I@W6H/8G;%](MV[V
M>;WYM_?#*BQX*_4_7VAD\Z>O^4]'T7]DGV#_``=-6BYN2K$GZ`$\_0:#8_0<
M?[?^OMKJ_7BRH/J+&P^OZ+<6;\^C^OT_VWOW7NNUU6)(X_4"H`MIY-B3?EC_
M`+?W;4U*5QU[IXP^0KMOY7'[@Q[F.MQ=1]Y3E&TE@4*O$5_S9,D9X!!L=)_'
MNI[@0?3K?5C&W]\TV>VM48L+,*',_;9"CB5XDAIJV6GF^^C,:<0"1YRVE?J.
M+W]IRA#*0?M_EU<&N//J/MK,;5V+5FEC&96IE@DFJEQ:PU$*Q3RHLK3I))2L
M"Q%B2S<`>DVO[VZN_"E.MFE3D]&4P&9V9N'%"CC#O7-#`CTM92T=)62J!K\L
MZP!G9]`UQLDGZ>?]4H2N'4FIQUL$$8X="9M#&G$1Y*8:_-4D0TOC!C>BH2@U
M,!Y6=OVUT:@H4EOP?="=1K3K=!T1_P"0%+V%VIEH^O\`K3;E5N_=.9S>-V9M
MC;U#:.KS66KYX1)2B4RRPIC,'CX*BOKI2"(J:EDD*L005D`1%UN:"F?]7SZH
MYHM:XZ)!VGLENI^T.R^H*O*8S*Y7J/?&=ZWW#5XEI?X?'G=L3BFKH8!/#2SB
M(1R(Z!XT9HG5K`,/:@$D*U#D5Z;J#0KPZ0C1>D'DCDJ;V`)_M?4VN0/S[]U[
MJ-+&%X)UD7!`X!)()+$AAS?_`%[?X>_=>Z;9U])6WU-@/4VGF]S]2%)'_&A[
M]U[I/5!6]N02Q6^G@$'G4?4&X_UK^U8X#JW4;%`?8[\-O^7]U+_:/_.A[J&O
MZ_7\6O\`\4]M_P"A$?/ID_VJ8SI/^3K_TJ7]U`#L/M@V&H=O]G$7_(_OAEB+
M$?@D^T+\7/S_`,O1]%_9I]@_P=-:DMR?J2>;?I_V"V&H?[Q[:ZOUGCB0$$->
MZK<!2;(-37')):_X][KY>77NI6I0"?&;7<EN66ZW8'ZFQO<6M]/Z^]=>ZZC3
MRR0Q--'%'-/'$)IG2*&'S2"+S2.Y58DU'FY7WNE:]>Z,!L^DS6'>LQ-$_P!U
M)BLA60T\\"$Q2-05\U+*XC\CL(Y:B/4%-]()'O6"*TQU=0?X>C$;:W!E*6I6
M7)[2FJ7JH4IS*]'-50/%]P&FU>.)UIVF`O=@B@I;\^V64'@U"/\`-CJWKVY'
M1M=K55!-"DL6T?M)*4H]--%#-%-J"#U&634%AD)_2JWL"/K8^T;$\"U3UL?9
M3H?^H.FNZ.[-T+M7K7:F3SN=S-XYJI8GI<%BJ)?),U1F<I4E:'%42HGI:61!
M)+9%NY`]^2-Y&"HI)^7^JG[>J22I$I9V`ZOUZ$_EU]'_``WV'E>S=TU]#G>Q
M<1M[,YG>/9><8T>#V[BH:>;*9Y,'CJBKDIL51PT,++-422//.(KAD#,GLT^E
M"1ZI#5Z>7`?ZOGT42W4D[:5%$KP\^OF4]U_-':?9?\P+Y0]T84U%)T]WUW%N
MW<.WOO(Y:27&8:JS;1;3W!74]1$LL+SX:-36(R1R#R`L!HTE]83X"*?B`Z?C
MET/H)JM!_+%>C)&J$J1M&\<D<D2R1RJ4>.6*5=2-&R70I(K<&Y!%C[3T]<=+
M<=8I9U`(9RI-UO<V/XO]18D@"WX][(]#7KWV=-534@V53K.GA0Q%AIY)/J])
MM<_ZUO=D5J@TQ7K8'3-.YM<G2C,6!/U87L!R1Z;'^G/^]/'@>MGK#BB/X;OT
M<_\`%^ZD35<7_P"+%W7_`(W^GX]^]<>?^3I@_P"Y"G^B?\G7_].F;=)![![9
MN#J_TN]G692UTMO#*_D'2;@_3CV@?SSYG_#_`+'1]%_9I]@_P=-OB5>2&&H6
MO8<`_521S<W^GT]M]7Z]&WC%O5]`!INS%5N5L;?6WX//OW7NF3.;GV[M:A;)
M;ES6+P>.C21ON<K6T]!&X0%F2%)Y0]3+9A:.)9)&)L%)('NRJ6-`.M%@N6-!
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M?^Q_JQT7RWQ4T0U/\O\`9ZMQZ\ZNZ^ZGP4&V^O-I83:F)B2-9(L30P4T];)$
MFA:G)UBI]WDZLKP99WD>W`(``!M'''$-,:4'1>[O(:NQ)ZU>O^%5?\QF@^/G
MQ'A^'G7.Z_M>X?DI504N\UPN02/*;7Z@P=5C<GN"ER!II15X^;>TT]+2*AMY
M<<U0''CF755SK<)C2,G_`"?SST_;H55ICQX+]OF?RZ^9E.2[N6M^O_`DC_`?
MT`'(_/MX<.M$U/'HR?5?RDS77-)1[7W'CI=Q[;IWJ'AJTJ7.XL?%,+1T=))5
M5*T=1CX)%!6%]!4,0KVLOMIX5?(PW2F.YT=C"J_S_P"*Z.WM+NKK??T%*V#W
M3CDR=5'$/X%D)X\;FX9YN32FBJFB%94H0?\`@.TRV%[VM[8T2)44Z61R1L!I
M85].E]+/H!`#:AIU7NK$_P!.2"+WY`^I_P!YN*TR<].]-DE1Y3]"P4$7>Y-B
M!PA7CB_%A;@^_,:`GKW6?%,/X3OUK_\`,0=2"_JM_P`6'NL6MJ^O'TO;W[R)
M_P!7`],'_<A?]*?\G7__U*9]U+I[#[6-OU]O=G<ZA]1O'+#@$$'C_7Y]H&.6
M!X#_`#GH]A_LD^P?X.@&[$^0'6'6,CX_<.>>JSD*K(,!A:67(Y)=2ET-25"4
ME"'-O3-,DA5@0I4$^]I$SY`H.O231QUU-_GZ(GO[YH=A;B#4FS**FV/0MYXW
MJ5>GR^:J(I+K'*E34T:4V+E5;?YE6=6^DA`]J5@5:$Y/2-[IFJ$%!Z^?14\I
MG\YGZ@5.X,UF,Y4HS:)<MDZW)-"&;6ZT_P!W-,L",W)6,*+_`(]O``<!TF)+
M<23ULI?R/^KMG]$;9[;^<_<]4NW]I[5VU7X:ER\N/JLK+C,(U?A4KJVBH<:M
M573UE?D:J"C6..'67<@D(K,"J_D,CQVZ9->E\,6B(L1ENK4.VOYX_P`,^^=M
M[9Z6EZ8[UW!UWM*I_O?%VWCSM/9N^L3N\5J/38G!8G*Y:O2BVW44%96)DUFD
MJTK1!"#0U%E:.@M9E0!BH(\N-?,?9U>->]I%?)'F,?\`%];`W\G;'?R[>VZ?
M>/:/QVRNX]Y]H[<R,`RN`[>IOM]T=>8ZJDAGQ66VIMBIR&2Q8H)ZJ&2&'/TJ
MK6.4,4A@N(V46L*`ZFS(/7R^SU^WI+>27&`V(_EY_;_F_P`/5_%O:_HOZ![O
MON+;_0_5FZ>R]Q/%]M@J(M24LLIA%=D)?134WD"2%(P;R2-8Z8D8_CVS/*(8
MV?S\OMZ<AC,LBH//KX['\R#YC[E^;_RI[/[OS6<R>7Q&4S55B]H?Q"MJ:I5V
MYC)/M::OI*6JC@..ASCP?>"F6-!31R1PVTQ*%K;QF.-=>9.)^T_YJXZ72,#V
MIA`*"G^KSZKW=N;V%R6M?_`<_7_7]J?+I+Y],-;<S*;<>,6^G`U-_O=O?AUY
MN)^WJ(K/&Z2QR/%)$P>.6-F21'4ZE='0AU=&Y!!N#S[]UK_#T-&Q?D!V+LB1
M(VS%1N3#M,9*K$[@J9:]I+AP1392J%3D:!F+ZKHQ0LJZD8"WNC1JU>GTN)$_
M%4?/HU6U_ECL/*0QIN.CRFUZ]GT.J4[9?%J&%C)]W2QQU0CC;BWVY8C\>VVB
M8B@`(Z5+=H11A0]#WBNP-F_W!W[N_P#O+C?[M_WDZD3^+_<-X/+_``+NM?MM
M&GS_`'6KCQ:/+?C3[IIDRM.ZH_P'_+UHNOB*^OMTG/YCK__5UB?F3\B<SL3M
M+MCK[9+1TNX'[-['K,SGW#//B(,CNW,-2TN)0&-(\E)3VD:9O(L:2`!=?*L)
M$&+,P\ST9M,4C1%^(J*_L'56]345%;4U-965%155=7/)4U5342O-/4U$K%Y9
MIYY"TDLLC$EF)N2?:CI(2222<]8[A5!Y!8`?T`L1<?[S[]UKH4>E=@9/L[LS
M:&RL33/69'/YK&XW'TBH7%5DJ^MIZ+%T4H5'M%79.HBC8Z3Z7/%Q[J[!5+'@
M.GH8_$D4>76R)\^,+'\>^C.@_B-MO,4,D<^V\5OO>V&PE'6:<KDIU>GER.XI
M(Z:II:M!G4GJ*/&-2RL!IK6D)J*6.,JM3XLDD[#/`?ZO]7RZ-01@4ZKGV318
M['2?PPUD]'54,%;-D:TSRXYZ>LH5EFBIO#11LE(8ZJ6"%W>>-(IG++^Y";+&
M-!7CUX4'#K8,_E0_'CY*8K>/5?R^Q^]]Q=';:VCDJVHI,]CH105G:>RDJL+F
M9=D[GAKJF&'/]-;IIL13_P`2JFD`JSC*401F2,3*BFN1&Y\/XA_+JDJQNFAA
M6O\`J_U?GUOC=+]R4';6WEKYL17;8S])'$<I@\HB0N$E4RT^0H#Y'DEQ]73%
M9%$@2:(,%=1PS+K>X$ZU(HXXC_-T2RQ&,TK4>O6GS_PJ;_F8':/6-+\5>NLO
M3)GNPZRKQ=6*;(3PY.AVA029"CW-OBC:BF0B')Y&B?;]+K)26)ZQKFQ4,J3=
M7!-/T8_YGI5$!#%JK^JW\AU\]X5#ARC'4KD_X@.2>!^`&M_L3;VO%.FB#Y=8
M)FTVN0P(L>>;FWUTW_/O?5.FBM%C$U[$ZN+7)`T\V^O]KW[KW43CZ_[S[]U[
MKHK]#S8G^G`_!_LGW[KW7$):X6][6^A^M['Z?X^_=>Z,-AT/^RL]A\'_`)G9
MTT;:>;_W3[W7_DJWY]^ZN?@7\_\`)U__UM4+Y88KX]2?);O.3=>_.VZ7/OVA
MO5\A2XCJ7;>0QM-,VX<@?!1U]1W5C)ZZ&)?2)6IJ=I``S1I<*-)P_P!7KTL8
MBJZESI'GY4'RZ+Y_!_BQ^>Q.Z_\`D+IK:O\`T5WO[MU6J?P_S_V.NOX/\6;B
MW8G=EKC]/36U--[_`)_XSO\`7W[KU4_A_G_L='S_`)?.+Z:C[SVZ>LM\[DJM
MX?WCVM_`X^Q^J<)C\<<_]Y6#;/@FQG<N2J1;.>(M^V4,OA#V6Y]IKK^S[BVF
MGETHMB?U/"5=6.)_P8Z,#\W\75O\Z>QW[FWQV/!VP=L;.\U/@.JZ>KZ^3%?W
M#HAMO^[%96]QT4<M><=I,%X$`R%PEWTGVS;Z/IX_#)T5]//SKGIQ2_B?"/$T
MC@33_`1]O05],XKKY=UX=H-];AEP8W-M?[N'>/5&!I\"8/[PM]F<S4T?<]2J
M[3&2\?\`%!%$:DKXM1U^W9/AXGSX4Z<!ETFBK3[37_!UMY]1TOS?7=NVAE<Y
MT=->BH1UL^]]JTM+U='6@T?V#XZ+:N\:O$S1.G@^S6K>/'J+79GTV*8Q::LE
M]7E4?YC3IJ3ZC2VD+\Z?%_/HZ];2_P`W%NN,VNS\Y\>8:T9F$[DFP>U?N=SN
MGW<?G6FI7WC20Q4?BOYC%,[^#Z#Z>U`$?AMH+\<T`K_A_P!GI)_H@UA>'GUH
MO_S9\3EG^8^\&^7^_>R8-_MA,&=K0;-ZCVY5]?Q;"M5?PU=CU55W915T^(_C
M/WYF:JACJ?OC.''`)6V7A>"?"KIKFOKT](6[=:^7D<?X.JR9,/\`&+^WV'W1
M^/KTWM._UX_YKM_7VK'354\U_G_L=<I,/\9;#_C(?=-^/^:-[3U_\G=[VO\`
MZWOW6JI_#_/_`&.F_P#@_P`6M9OV'W9J_.OIO:E[\?U[VO[]UZJ_P_S_`-CK
MIL/\6K\]A]V6N;WZ;VKI^G_B=_I;W[K=4_A_G_L=<SA_BS;_`)F'W5;_`,0W
MM3Z6'_?]K^_=:JG\/\_]CKL8CXMZN>P^Z[VXOTWM2WXO].]O?NMUC\U_G_L=
M#3BL3\?1\>]^HF_>VFVRW;'4C5%0W4>VDRL.53;7=@HX8:,=V20U-!4PR3M+
9*T\4D#Q1JL<OE9H==:)%%[>W/G]GRZ__V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>p17039p1703902a.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 p17039p1703902a.jpg
M_]C_X``02D9)1@`!`@$!+`$L``#_X1"$17AI9@``34T`*@````@`!P$2``,`
M```!``$```$:``4````!````8@$;``4````!````:@$H``,````!``(```$Q
M``(````4````<@$R``(````4````AH=I``0````!````G````,@```$L````
M`0```2P````!061O8F4@4&AO=&]S:&]P(#<N,``R,#$P.C`S.C`R(#$P.C`Q
M.C$W``````.@`0`#`````?__``"@`@`$`````0```'V@`P`$`````0```'T`
M````````!@$#``,````!``8```$:``4````!```!%@$;``4````!```!'@$H
M``,````!``(```(!``0````!```!)@("``0````!```/5@````````!(````
M`0```$@````!_]C_X``02D9)1@`!`@$`2`!(``#_[0`,061O8F5?0TT``O_N
M``Y!9&]B90!D@`````'_VP"$``P("`@)"`P)"0P1"PH+$14/#`P/%1@3$Q43
M$Q@1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P!#0L+#0X-
M$`X.$!0.#@X4%`X.#@X4$0P,#`P,$1$,#`P,#`P1#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#/_``!$(`'T`?0,!(@`"$0$#$0'_W0`$``C_Q`$_```!
M!0$!`0$!`0`````````#``$"!`4&!P@)"@L!``$%`0$!`0$!``````````$`
M`@,$!08'"`D*"Q```00!`P($`@4'!@@%`PPS`0`"$0,$(1(Q!4%181,B<8$R
M!A21H;%"(R054L%B,S1R@M%#!R624_#A\6-S-1:BLH,F1)-49$7"HW0V%])5
MXF7RLX3#TW7C\T8GE*2%M)7$U.3TI;7%U>7U5F9VAI:FML;6YO8W1U=G=X>7
MI[?'U^?W$0`"`@$"!`0#!`4&!P<&!34!``(1`R$Q$@1!46%Q(A,%,H&1%*&Q
M0B/!4M'P,R1BX7*"DD-3%6-S-/$E!A:BLH,')C7"TD235*,79$55-G1EXO*S
MA,/3=>/S1I2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V)S='5V=WAY>GM\?_
MV@`,`P$``A$#$0`_`-_I/1\+-Q#D9'J&PV6`D6.:(:XM;[6E7/\`FWTK]VW_
M`+=?_>G^KW_)O_7K?^K*TTU+F?\`-OI7[MO_`&Z_^]+_`)M]+_=M_P"W7_WK
M33SHDIR_^;?2OW;?^W7_`-ZA=T/HF/6;+B^MC=2YUK@/RH7U@^LM/2V^E4T7
M9;A(K!T:/WK3KM7$Y.3U3JA-V;8YXY:W@`#P:U)-.UU'K/U.PHV^OD3W98X#
M_IEJR?\`GG]6/4VG#R&M_>-SEQ_4['NN-%8W.!@[=?[#?_)(;<"ND3EV!KB/
MYL&7?VFA%3Z;@=4^JF8&G9?6UPD.-KB/^B[<M^CH?0LA@?3ZCVG61:_^]>*U
M-Q&NW46.8\?G#3^*]&^I?4K\:E]F8\V8[A[+/,?28[^4D54]3_S:Z3^[;_VZ
M_P#O2_YM=)_=M_[=?_>KF#ELR\=F17_-V"6GXJPA:'+_`.;72?W;?^W7_P!Z
M?_FSTG]VW_MU_P#>M-.BIR_^;/2/W;?^W7_WK/\`V-@_MXX,6?9_0%FWU'3N
MG]^=RZ25D?\`K5'_`,*C\I24_P#_T.K^KW_)O_7;?^K*TUF?5[_DW_KMO_5E
M:::E=9/UBZW7TC"-@(.18"*6>?!?_8E:=UK*:G6O^BP2?DO+>O=:'4>I/>\R
MUA`:!P`/S6I*#8PZ+LQQLN)==D/+G$\Z\(W4WMI)Q:H+V07QR!'M;'[UJS6Y
MUF,TWSMOR/:QG=K&\+7Z=ANMW9=KCZ=0)ET>Y_-CMW\AWM27/-68!Z9AVY3F
MDY=A]*KQ;8[73_BOWOWU:Z7]32*FY&;[K'^XL=K`/BM/I]=?6NKBT,_4>GZA
MT:/MGZ.O[JZ*T-F`D2IY/(^K6`QC@UD$\>7P6/=G78'3;^G#<0]S2UTZ``[G
M3]S%V&:3!`7)]88&5NLCNB%/>?XN.IX^;TI^+6X^I1[G-<9(GN/Y*Z]I)$D1
MXKQCZF==;T3J?J/$T9`#7'PUE>OXF57D,#ZW`AP#A!G0^""TMF4DR4I*761_
MZU)_\*C\I6M*R0?^RD_^%1^4I*?_T>J^KQ_R=_UZW_JW+4!67]7_`/D[_KMO
M_5E:834N+]<<\8/0,FX':2T-!'.I#?XKR?"BRQ]USPUH]Q)Y/D%W'^-7-LJZ
M?B8K8VY#W%X[PS8YO_27GV$6>H/5,-F7'R1"76:]V06VDD.G:SR:WNM7+ZO;
M]CKZ7CD-]7;7(&H!_G'N60S*!!?]&=&`=F#Z*M])'439;G85(L>WV,>_1K0>
M_#MWT$DO4]/S.A=-Q:\.JYK&M'!G<X]W/]OTW*S;DTNA]9EIY7'V7_6%^07=
M2-5[&Z`-8W7X.96W:MZI@'2;R6ECPPEO>(&B!4PS>HX%9BVUK">Q_P!BYWK6
M3AVX[A4_=/D1]TA3Z?7EWX/VG&J:;@"3;<UKP7;OHL]3V_167U#.ZI?5Z6<6
MO+N`T`.:1Y5CZ*("G-8\A@(^DP_@O0_J%]9"\,Z=:9?69I)[L/\`.,_L+SFM
MXKL]PEI'N'"N8>4[#R:LFET^B\/;V//N"10^_@@C3A.J'1NI5=2Z=1DL=+GL
M:7?&%=E!#)9`_P#%2?\`PJ/RE:LK)'_BI/\`X5'Y2DI__]+JOJ__`,G?]=M_
MZLK2!6;]7S_D[_KUO_5N1.L]0IZ?TV[*M+FM:-NYC2X@G0.AH<FI?./\9N4^
M[KK*3K5CUAK>_N/NL[_U5R=9^CX<PM'JF7^T,^RU]GJEQ@6%NW=&@>\2?S53
M>QC7[&N#SW(_(B$I\(.S<RO&#M@>=7>`&J])Z91132VF@;*VB`/'S*\]Z#CN
M.:;B(#!H?,KN<:\L8([(22'0NQ:G;B]K3IW`53(:W['=6P<UN'X)"RZ\FQ[M
MHB&#G^T5E=5ZCU'`H>XM&0;!HVIA$0.7?SB"FI]4KVAF3AN`.QY.OW*?6\.A
MM3WL:UI/,!<ST;J.5C=3%[FD>H2+`01H=?\`JEN=<ZBS[.Z#.[A.K53R&6YI
MM.P0!HB86Q[_`$W\'2?BJ[S.J?'?LM!16OI?U"ZD['V83G:!^S7N#IM'WL>O
M0BO'.BY3Z,EEU+H=(LF)&X>U>OT6>K37;^^T.T\Q*:DLUDC_`,5!_P#"H_*5
MK+('_BH/_A4?E*2'_]/J?J__`,G?]>M_ZMRK?6NJZWHV52QPK98V'V/^B&\G
MC\Y6/J__`,G_`/7K?^K<G^L6`>H='OH;K:T"VJ3IO9[F2FI#X]9@.J$V/:QI
M_.=X?`(/IUO+FX8<_:/=:[23_("GEUWV93W9,,>=7-XC^3_96CTY]-(M>\#T
M6M:PB.=T_P!R*7*Z5DVX_4J@]Y#"=KFDF-1X?UEZ%4`X`=G"5PG5<9GK5Y..
M`:WC4SW!\_Y*[#`N]2A@.I@'Y.$A(J"LG(Z@ZWTJGUX>/!C(LDR1^8QC5'/P
M.L,HWU]2H<`UQ)@@D-[?G?26A94'UACF@@<#E9?4NFO-?L&QO@`@EYK(;G?;
MOLXOJO'+K&B&B?.%/KKFB@,_.+A'P@;C_:<AVXMM5QL<(:TP"56ZKD>M<3R!
M[1_%%#F'E(&#*1Y*8(H>F^KSC<6L!U`<YL^(:5[#TZ1A4@Z0QH'W+QWZI4/L
MZA0QLZO#2/$'Z?\`T5[/4W96&^`32EFLD'_LH/\`X5'Y2M590_\`%.?_``J/
MRE)#_]3J/J__`,G_`/7K?^K<M%PEI'BLWH'_`">?^.M_ZMRTTU+YW]>/JEF?
MI>L8KC=#B_(J`)(9(VEFT>[T_P`]<A1D"S"=C&`\'YN`.\:KW.`1!7/]9^H_
M1.JO-VPXN2?\+3H"?^$J^@Y(%+Y&UMY:[?)K/YWA\5TG2K+G=-9;6Z;:26^1
M`X;_`)J['IG^+[HV+6YN9NS7./YQ+&Q_4K=_W]4>K=)Z/TC)9B=,J]#U&E]K
M=SG>[3T_YUS_`,U&U!S\'ZP4.(9;-=K?S7=_@K.;UG#=5`/;Q"IV=-P\D%EK
M!N/R6#U7ZN7XP]2BPO9W!U0T2UNK]4%]NRGZ#3,^:R7.),DR>ZF]EC='`R$/
M:3I"<M6V[B8U*O\`2>B9O4;_`$\>BVYS8+F5MW.VSRM#H72V6X9R+6Q-A;KX
M`!;'3P6YV[$)J;CB=[202X^:%IIZGZI?5(=-:W,RV;,CFJJ9]-IC^<T_G_W]
MBZE>497UN^M'3<^REN6YU+3NK;<UMDM/\MS?5V_F_P`XM+`_QH9C!'4,1EW\
MJHFL_P":?4:A2GT59(_\4Y_\+#\KEFX?^,7ZO7LF]UF,_NUS"X?)]8*<?6+H
MO[8=U#[77]F&.&E_\HEWLV_2WI4A_]7I^@?\GG_CK?\`JW+2!69T'^@'_CK?
M^K<M*4U+)*5&8"Y?ZP_7[I_3-V/@QF98D.@Q4P_R[(_2._D5_P#;B2GHL_.J
MP\=UCG-]2"*JW$`O=^ZUOYRX3J.3;9GUWWN+W6.V%Y\8_P"C]%`Z1DYW4G6=
M7ZC8;<BXEE4Z-:QOYM=8]M?N"AUAECZ&6SL;C6MN.O(89<U)(=$-&CB)@\J5
MK*GL,^\>?"<$,(G5K^_(E*YA:('!\D$N,_H[,BYQ95#/N"K7?5\5.W!OM\/!
M=-CUG:2.82OIX!Y1M3C9K1B=*HHK&USBUOS(.XH_3*!70\^)Y0^K#ULG'K!T
M8XO/D1#5=I;MI`'S2Z*<#ZUXP`Q\L<SZ+_"#+V'_`*I8(/BNQZY2;NDY+8ES
M6>HV>VP[_P#J5QC2#\T0@L@3\D=A_4;3_P`)5^2]`(XE&9_0;?\`C*O^IO14
M_P#_UNDZ&]K.G.<\AK6VW%SB8``>[4E9?5_\8'1,%I9B.^WWQ+?2(].?Y=W_
M`*36/]86]4/U?LVO+>E^N_U_28'/^D?YV;*_T'J_N+C&LP8TML_[:;_Z70I+
MK]7^NG7.K,=2^P8N,^0ZFB6[FG\VUY.^Q83&&RUE+(!>X,'Q)VH^S"G^=L_[
M:;_Z75CI+,/]I4^E:XW3[/4K`;NCV\7(I>OV4X6`T.<&54,:"\Z"![=Q_K+*
MZR\78IKK]]=@+O5Y8!$>UP^*M=5;F_LO)^TV,]#TSZFU@F/Y/Z5<Q@LK^QN]
M*V_[)N_.J;&[^1^GW?U]B:`JWL.BW,R^FT5V.B]K`'L)AV@V[]G\I:K,9SPU
MCA!;H2N++*=XWVLX&Z:_=.W_`(*[U?H;5:R&=2^S_K%MOV+U&Q-8V\>S^;N^
MT^EL2I-O3VY6#B$-MO8TN<&`DB)(G7]WZ*Q\GJ];*\C.OFMN(2P5;9#RZ6M]
MSOSMPV^S^6J^W(_9UGJ6-.#+8!8T';N_1>GOMW^FLOZV,N^T,_:5KQ3'Z'T*
MFFK@?1VW_P#5I4BW#Q^KYM>;9E!P<^]Y?8PSM))E=1T[ZS8%P#,@_9G]]_\`
M-_V;/_)+EZV=+G2ZZ?.IO_I=$V=.C^>MC_BF_P#I=$TH/<VL9EXM@8X/KN86
M[VF00X1[?O7`@%CBQVCFDM/Q:=I5FAF/O;]ENRM\^WTJM9\MEZ;9A;W;K;M^
MX[MU39W2=T_I_P!Y(**(G0GGP1&;?L%IUCU:M._%Z(&84?SMO_;3?_2ZDQF%
M]AM_2V;/4KD^FV9B[_AD4/\`_]G_[14>4&AO=&]S:&]P(#,N,``X0DE-!"4`
M`````!``````````````````````.$))30/M```````0`2P````!``$!+```
M``$``3A"24T$)@``````#@`````````````_@```.$))300-```````$````
M'CA"24T$&0``````!````!XX0DE-`_,```````D```````````$`.$))300*
M```````!```X0DE-)Q````````H``0`````````!.$))30/U``````!(`"]F
M9@`!`&QF9@`&```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&
M```````!`#4````!`"T````&```````!.$))30/X``````!P``#_________
M____________________`^@`````_____________________________P/H
M`````/____________________________\#Z`````#_________________
M____________`^@``#A"24T$"```````$`````$```)````"0``````X0DE-
M!!X```````0`````.$))300:``````-'````!@``````````````?0```'T`
M```)`%``,0`W`#``,P`Y`#``,@!!`````0`````````````````````````!
M``````````````!]````?0`````````````````````!````````````````
M`````````!`````!````````;G5L;`````(````&8F]U;F1S3V)J8P````$`
M``````!28W0Q````!`````!4;W`@;&]N9P``````````3&5F=&QO;F<`````
M`````$)T;VUL;VYG````?0````!29VAT;&]N9P```'T````&<VQI8V5S5FQ,
M<P````%/8FIC`````0``````!7-L:6-E````$@````=S;&EC94E$;&]N9P``
M```````'9W)O=7!)1&QO;F<`````````!F]R:6=I;F5N=6T````,15-L:6-E
M3W)I9VEN````#6%U=&]'96YE<F%T960`````5'EP965N=6T````*15-L:6-E
M5'EP90````!);6<@````!F)O=6YD<T]B:F,````!````````4F-T,0````0`
M````5&]P(&QO;F<``````````$QE9G1L;VYG``````````!"=&]M;&]N9P``
M`'T`````4F=H=&QO;F<```!]`````W5R;%1%6%0````!````````;G5L;%1%
M6%0````!````````37-G951%6%0````!```````&86QT5&%G5$585`````$`
M``````YC96QL5&5X=$ES2%1-3&)O;VP!````"&-E;&Q497AT5$585`````$`
M``````EH;W)Z06QI9VYE;G5M````#T53;&EC94AO<GI!;&EG;@````=D969A
M=6QT````"79E<G1!;&EG;F5N=6T````/15-L:6-E5F5R=$%L:6=N````!V1E
M9F%U;'0````+8F=#;VQO<E1Y<&5E;G5M````$453;&EC94)'0V]L;W)4>7!E
M`````$YO;F4````)=&]P3W5T<V5T;&]N9P`````````*;&5F=$]U='-E=&QO
M;F<`````````#&)O='1O;4]U='-E=&QO;F<`````````"W)I9VAT3W5T<V5T
M;&]N9P``````.$))3001```````!`0`X0DE-!!0```````0````!.$))300,
M``````]R`````0```'T```!]```!>```MY@```]6`!@``?_8_^``$$I&248`
M`0(!`$@`2```_^T`#$%D;V)E7T--``+_[@`.061O8F4`9(`````!_]L`A``,
M"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,#!$,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.%!0.#@X.%!$,#`P,
M#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`S_P``1"`!]
M`'T#`2(``A$!`Q$!_]T`!``(_\0!/P```04!`0$!`0$``````````P`!`@0%
M!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)"@L0``$$`0,"!`(%
M!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D%5+!8C,T<H+10P<E
MDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-UX_-&)Y2DA;25Q-3D
M]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$``@(!`@0$`P0%!@<'
M!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D8N%R@I)#4Q5C<S3Q
M)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4I(6TE<34Y/2EM<75
MY?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1`Q$`/P#?Z3T?"S<0
MY&1ZAL-E@)%CFB&N+6^UI5S_`)M]*_=M_P"W7_WI_J]_R;_UZW_JRM--2YG_
M`#;Z5^[;_P!NO_O2_P";?2_W;?\`MU_]ZTT\Z)*<O_FWTK]VW_MU_P#>H7=#
MZ)CUFRXOK8W4N=:X#\J%]8/K+3TMOI5-%V6X2*P=&C]ZTZ[5Q.3D]4ZH3=FV
M.>.6MX``\&M233M=1ZS]3L*-OKY$]V6.`_Z9:LG_`)Y_5CU-IP\AK?WC<Y<?
MU.Q[KC16-S@8.W7^PW_R2&W`KI$Y=@:XC^;!EW]IH14^FX'5/JIF!IV7UM<)
M#C:XC_HNW+?HZ'T+(8'T^H]IUD6O_O7BM3<1KMU%CF/'YPT_BO1OJ7U*_&I?
M9F/-F.X>RSS'TF._E)%5/4_\VND_NV_]NO\`[TO^;72?W;?^W7_WJY@Y;,O'
M9D5_S=@EI^*L(6AR_P#FUTG]VW_MU_\`>G_YL])_=M_[=?\`WK33HJ<O_FST
MC]VW_MU_]ZS_`-C8/[>.#%GV?T!9M]1T[I_?G<NDE9'_`*U1_P#"H_*4E/\`
M_]#J_J]_R;_UVW_JRM-9GU>_Y-_Z[;_U96FFI763]8NMU](PC8"#D6`BEGGP
M7_V)6G=:RFIUK_HL$GY+RWKW6AU'J3WO,M80&@<`#\UJ2@V,.B[,<;+B779#
MRYQ/.O"-U-[:2<6J"]D%\<@1[6Q^]:LUN=9C--\[;\CVL9W:QO"U^G8;K=V7
M:X^G4"9='N?S8[=_(=[4ESS5F`>F8=N4YI.78?2J\6V.UT_XK][]]6NE_4TB
MIN1F^ZQ_N+':P#XK3Z?77UKJXM#/U'I^H=&C[9^CK^ZNBM#9@)$J>3R/JU@,
M8X-9!/'E\%CW9UV!TV_IPW$/<TM=.@`.YT_<Q=AFDP0%R?6&!E;K([HA3WG^
M+CJ>/F]*?BUN/J4>YS7&2)[C^2NO:21)$>*\8^IG76]$ZGZCQ-&0`UQ\-97K
M^)E5Y#`^MP(<`X09T/@@M+9E),E*2EUD?^M2?_"H_*5K2LD'_LI/_A4?E*2G
M_]'JOJ\?\G?]>M_ZMRU`5E_5_P#Y._Z[;_U96F$U+B_7'/&#T#)N!VDM#01S
MJ0W^*\GPHLL?=<\-:/<2>3Y!=Q_C5S;*NGXF*V-N0]Q>.\,V.;_TEY]A%GJ#
MU3#9EQ\D0EUFO=D%MI)#IVL\FM[K5R^KV_8Z^EXY#?5VUR!J`?YQ[ED,R@07
M_1G1@'9@^BK?21U$V6YV%2+'M]C'OT:T'OP[=]!)+U/3\SH73<6O#JN:QK1P
M9W./=S_;]-RLVY-+H?69:>5Q]E_UA?D%W4C5>QN@#6-U^#F5MVK>J8!TF\EI
M8\,);WB!H@5,,WJ.!68MM:PGL?\`8N=ZUDX=N.X5/W3Y$?=(4^GUY=^#]IQJ
MFFX`DVW-:\%V[Z+/4]OT5E]0SNJ7U>EG%KR[@-`#FD>58^BB`IS6/(8"/I,/
MX+T/ZA?60O#.G6F7UF:2>[#_`#C/["\YK>*[/<):1[APKF'E.P\FK)I=/HO#
MV]CS[@D4/OX((TX3JAT;J574NG49+'2Y[&EWQA7900R60/\`Q4G_`,*C\I6K
M*R1_XJ3_`.%1^4I*?__2ZKZO_P#)W_7;?^K*T@5F_5\_Y._Z];_U;D3K/4*>
MG]-NRK2YK6C;N8TN()T#H:')J7SC_&;E/NZZRDZU8]8:WO[C[K._]5<G6?H^
M',+1ZIE_M#/LM?9ZI<8%A;MW1H'O$G\U4WL8U^QK@\]R/R(A*?"#LW,KQ@[8
M'G5W@!JO2>F444TMIH&RMH@#Q\RO/>@X[CFFXB`P:'S*[G&O+&".R$DAT+L6
MIVXO:TZ=P%4R&M^QW5L'-;A^"0LNO)L>[:(A@Y_M%975>H]1P*'N+1D&P:-J
M81$#EW\X@IJ?5*]H9DX;@#L>3K]RGUO#H;4][&M:3S`7,]&ZCE8W4Q>YI'J$
MBP$$:'7_`*I;G7.HL^SN@SNX3JU4\AEN:;3L$`:(F%L>_P!-_!TGXJN\SJGQ
MW[+045KZ7]0NI.Q]F$YV@?LU[@Z;1]['KT(KQSHN4^C)9=2Z'2+)B1N'M7K]
M%GJTUV_OM#M/,2FI+-9(_P#%0?\`PJ/RE:RR!_XJ#_X5'Y2DA__3ZGZO_P#)
MW_7K?^K<JWUKJNMZ-E4L<*V6-A]C_HAO)X_.5CZO_P#)_P#UZW_JW)_K%@'J
M'1[Z&ZVM`MJDZ;V>YDIJ0^/68#JA-CVL:?SG>'P"#Z=;RYN&'/VCW6NTD_R`
MIY==]F4]V3#'G5S>(_D_V5H].?32+7O`]%K6L(CG=/\`<BERNE9-N/U*H/>0
MPG:YI)C4>']9>A5`.`'9PE<)U7&9ZU>3C@&MXU,]P?/^2NPP+O4H8#J8!^3A
M(2*@K)R.H.M]*I]>'CP8R+),D?F,8U1S\#K#*-]?4J'`-<28()#>WYWTEH65
M!]88YH('`Y67U+IKS7[!L;X`()>:R&YWV[[.+ZKQRZQHAHGSA3ZZYHH#/SBX
M1\(&X_VG(=N+;5<;'"&M,`E5NJY'K7$\@>T?Q10YAY2!@RD>2F"*'IOJ\XW%
MK`=0'.;/B&E>P].D85(.D,:!]R\=^J5#[.H4,;.KPTCQ!^G_`-%>SU-V5AO@
M$TI9K)!_[*#_`.%1^4K564/_`!3G_P`*C\I20__4ZCZO_P#)_P#UZW_JW+1<
M):1XK-Z!_P`GG_CK?^K<M--2^=_7CZI9GZ7K&*XW0XOR*@"2&2-I9M'N]/\`
M/7(49`LPG8Q@/!^;@#O&J]S@$05S_6?J/T3JKS=L.+DG_"TZ`G_A*OH.2!2^
M1M;>6NWR:S^=X?%=)TJRYW366UNFVDEOD0.&_P":NQZ9_B^Z-BUN;F;LUSC^
M<2QL?U*W?]_5'JW2>C](R68G3*O0]1I?:W<YWNT]/^=<_P#-1M0<_!^L%#B&
M6S7:W\UW?X*SF]9PW50#V\0J=G3</)!9:P;C\E@]5^KE^,/4HL+V=P=4-$M;
MJ_5!?;LI^@TS/FLESB3),GNIO98W1P,A#VDZ0G+5MNXF-2K_`$GHF;U&_P!/
M'HMN<V"YE;=SML\K0Z%TMEN&<BUL386Z^``6QT\%N=NQ":FXXG>TD$N/FA::
M>I^J7U2'36MS,MFS(YJJF?3:8_G-/Y_]_8NI7E&5];OK1TW/LI;EN=2T[JVW
M-;9+3_+<WU=OYO\`.+2P/\:&8P1U#$9=_*J)K/\`FGU&H4I]%62/_%.?_"P_
M*Y9N'_C%^KU[)O=9C/[M<PN'R?6"G'UBZ+^V'=0^UU_9ACAI?_*)=[-OTMZ5
M(?_5Z?H'_)Y_XZW_`*MRT@5F=!_H!_XZW_JW+2E-2R2E1F`N7^L/U^Z?TS=C
MX,9F6)#H,5,/\NR/TCOY%?\`VXDIZ+/SJL/'=8YS?4@BJMQ`+W?NM;^<N$ZC
MDVV9]=][B]UCMA>?&/\`H_10.D9.=U)UG5^HV&W(N)95.C6L;^;76/;7[@H=
M898^AEL[&XUK;CKR&&7-22'1#1HXB8/*E:RI[#/O'GPG!#")U:_OR)2N86B!
MP?)!+C/Z.S(N<650S[@JUWU?%3MP;[?#P738]9VDCF$KZ>`>4;4XV:T8G2J*
M*QM<XM;\R#N*/TR@5T//B>4/JP];)QZP=&.+SY$0U7:6[:0!\TNBG`^M>,`,
M?+',^B_P@R]A_P"J6"#XKL>N4F[I.2V)<UGJ-GML._\`ZE<8T@_-$(+($_)'
M8?U&T_\`"5?DO0".)1F?T&W_`(RK_J;T5/\`_];I.AO:SISG/(:UMMQ<XF``
M'NU)67U?_&!T3!:68COM]\2WTB/3G^7=_P"DUC_6%O5#]7[-KRWI?KO]?TF!
MS_I'^=FRO]!ZO[BXQK,&-+;/^VF_^ET*2Z_5_KIUSJS'4OL&+C/D.IHENYI_
M-M>3OL6$QALM92R`7N#!\2=J/LPI_G;/^VF_^EU8Z2S#_:5/I6N-T^SU*P&[
MH]O%R*7K]E.%@-#G!E5#&@O.@@>W<?ZRRNLO%V*:Z_?78"[U>6`1'M</BK75
M6YO[+R?M-C/0],^IM8)C^3^E7,8+*_L;O2MO^R;OSJFQN_D?I]W]?8F@*M[#
MHMS,OIM%=CHO:P!["8=H-N_9_*6JS&<\-8X06Z$KBRRG>-]K.!NFOW3M_P""
MN]7Z&U6LAG4OL_ZQ;;]B]1L36-O'L_F[OM/I;$J3;T]N5@XA#;;V-+G!@)(B
M2)U_=^BL?)ZO6RO(SKYK;B$L%6V0\NEK?<[\[<-OL_EJOMR/V=9ZEC3@RV`6
M-!V[OT7I[[=_IK+^MC+OM#/VE:\4Q^A]"IIJX'T=M_\`U:5(MP\?J^;7FV90
M<'/O>7V,,[22974=.^LV!<`S(/V9_??_`#?]FS_R2Y>MG2YTNNGSJ;_Z71-G
M3H_GK8_XIO\`Z71-*#W-K&9>+8&.#Z[F%N]ID$.$>W[UP(!8XL=HYI+3\6G:
M59H9C[V_9;LK?/M]*K6?+9>FV86]VZV[?N.[=4V=TG=/Z?\`>2"BB)T)Y\$1
MFW[!:=8]6K3OQ>B!F%'\[;_VTW_TNI,9A?8;?TMFSU*Y/IMF8N_X9%#_`/_9
M.$))300A``````!5`````0$````/`$$`9`!O`&(`90`@`%``:`!O`'0`;P!S
M`&@`;P!P````$P!!`&0`;P!B`&4`(`!0`&@`;P!T`&\`<P!H`&\`<``@`#<`
M+@`P`````0`X0DE-!`8```````<`"`````$!`/_A$DAH='1P.B\O;G,N861O
M8F4N8V]M+WAA<"\Q+C`O`#P_>'!A8VME="!B96=I;CTG[[N_)R!I9#TG5S5-
M,$UP0V5H:4AZ<F53>DY48WIK8SED)S\^"CP_861O8F4M>&%P+69I;'1E<G,@
M97-C/2)#4B(_/@H\>#IX87!M971A('AM;&YS.G@])V%D;V)E.FYS.FUE=&$O
M)R!X.GAA<'1K/2=835`@=&]O;&MI="`R+C@N,BTS,RP@9G)A;65W;W)K(#$N
M-2<^"CQR9&8Z4D1&('AM;&YS.G)D9CTG:'1T<#HO+W=W=RYW,RYO<F<O,3DY
M.2\P,B\R,BUR9&8M<WEN=&%X+6YS(R<@>&UL;G,Z:5@])VAT='`Z+R]N<RYA
M9&]B92YC;VTO:5@O,2XP+R<^"@H@/')D9CI$97-C<FEP=&EO;B!A8F]U=#TG
M=75I9#HT-#(P,F4V-BTR-6(S+3$Q9&8M.3,Y-BUD-#0Y-V-F86)A-64G"B`@
M>&UL;G,Z>&%P34T])VAT='`Z+R]N<RYA9&]B92YC;VTO>&%P+S$N,"]M;2\G
M/@H@(#QX87!-33I$;V-U;65N=$E$/F%D;V)E.F1O8VED.G!H;W1O<VAO<#HT
M-#(P,F4V-"TR-6(S+3$Q9&8M.3,Y-BUD-#0Y-V-F86)A-64\+WAA<$U-.D1O
M8W5M96YT240^"B`\+W)D9CI$97-C<FEP=&EO;CX*"CPO<F1F.E)$1CX*/"]X
M.GAA<&UE=&$^"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@(`H\/WAP86-K970@96YD/2=W)S\^_^X`#D%D;V)E`&1`````
M`?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$!`0$!`@(!`@(#`P,#
M`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M_\``$0@`?0!]`P$1``(1`0,1`?_=``0`$/_$`:(````&`@,!````````````
M``<(!@4$"0,*`@$`"P$```8#`0$!````````````!@4$`P<""`$)``H+$``"
M`0,$`0,#`@,#`P(&"74!`@,$$042!B$'$R(`"#$403(C%0E10A9A)#,74G&!
M&&*1)4.AL?`F-'(*&<'1-2?A4S:"\9*B1%1S148W1V,H5597&K+"TN+R9(-T
MDX1EH[/#T^,I.&;S=2HY.DA)2EA96F=H:6IV=WAY>H6&AXB)BI25EI>8F9JD
MI::GJ*FJM+6VM[BYNL3%QL?(R<K4U=;7V-G:Y.7FY^CIZO3U]O?X^?H1``(!
M`P($!`,%!`0$!@8%;0$"`Q$$(1(%,08`(A-!40<R811Q"$*!(Y$54J%B%C,)
ML23!T4-R\!?A@C0EDE,88T3QHK(F-1E4-D5D)PIS@Y-&=,+2XO)59756-X2%
MH[/#T^/S*1J4I+3$U.3TE:6UQ=7E]2A'5V8X=H:6IK;&UN;V9W>'EZ>WQ]?G
M]TA8:'B(F*BXR-CH^#E)66EYB9FIN<G9Z?DJ.DI::GJ*FJJZRMKJ^O_:``P#
M`0`"$0,1`#\`MS^)_P`/ND^\NIZKL7L6+?V0W1D.S.UL34U&)[*WA@*$T.!W
MQE<;C(HL7C,C#1PF"CB"L54%R+FY]E4TTBRNJN0M>G``5!IT9<_RX?BP/^77
MV>?_`"L?8`/^O_Q=N1[J;F0`T<D];HOIUR3^6]\6B`6Q?9]S_P!_D[`)_P!X
MR_\`O?O:7$AP7->O`+Z=9!_+<^+?.G%=G_DG_C,>_P#Z#D_7+_X^W/%D_BZW
MI6O#K*O\N'XL<`XKLZ]^3_IB[`XO?ZVR_P!>#;_6]Z,K\2YZV47RZ2>\?@[\
M).N\%D-S;YR6\MKX#%T\U76Y/-=Y;XH:6"&G@EJ)/W),OJE<Q1,P50S&Q`''
MO1G9>+FO6TB+FBKGJG?Y!_,O^3ST;]N<=#WSVFE3&TJ5NS>U=\8_$PJJS$.U
M9N?*8RKJH7\7IDIZ6:)PRE6-S[VKW4A.E:?:?^+Z4?1Z15V`'5>I_G-_RQ1G
M8L5+\;?D=BL?*DA7,Y;O[=WVQ"U#HDD<5+4/4:'@6_J2VJXU6!)=T7E.*_M/
M6O!MZT,I'Y=67]"?*#^5)WA!A:I-J]^;7Q^;Q_W=+G*GN;=.;PGDCF:FEII'
MP^=FR=-4F>%],<M,KZ`&(!(7VT\]Q'EE_9U8V51^FZG_``]6W[&^$/P;[(Q-
M+G=E3=@Y[%UE/]Q%54/='8#J8@D<JLRR9..6,R1RJ;.L9%^0/=5N"_!NDS0L
MAHZ$'Y]+I/Y:WQ28?\6?LXC\D=Q=@J6N`QX.5/T47%B?;GBR#@W5-(XTZY+_
M`"U?BB1?^#=FG_'_`$R=@"__`*UQ[T)Y?,]:H*TT]9%_EJ_$X'U87L[@_3_3
M+V`?H?H1_%?=O&?U/6Z#AIZDI_+3^)K<_P`#[-(/T/\`ID[```Y)X&6XM[V)
M9/)NO:5].LR_RT?B4>/X'V=?Z#_C,>_['Z@?\O:_)M[]XDG\77M*^G1/T^&G
M1A^=M1T$:+?O^C)>A*/L)<7_`*2]W?Q4;I?*5U(]2-P?Q#^*?9F"-0:?7XKB
M]K\^]^))X9.HUU?Y#U[2*TIBG7__T-A'^7F/^<<%/_?WN[P1J_[^-FB38_G_
M`'OV37`_6DZ45J@!\NCPGZ'_`%Q;C^@-_IQ[8ZIUF1^;6`%^/\+@`?X<V]W1
M@ISUOK*\L<4>MV8W]*)&-3.S>E44"[%G8@#CGV\QTCY]6K6G55_\P#^93M/X
MCX[^YVT<;1]A]X9*@AK:?:-'DJ?^'[1HII-(S.]Z^EBR%9B8I61EA@%.TDKZ
M1Z=5PWW2D:31?/\`U>9Z500:QK;X?\/6KQV1V/\`)_Y83U&]N]-W9_/4SSRU
MF'P8IY,9B,;14HD350XG%0PT%$TL2QB+0CU%0>?(I+.SP\-"=`[J<?/HQ5`@
M`1:#K7V^3.XLUEMXU77^V:>?+9&#)U,%4N(1ZR.G=7:DCP&,BI5FAK6I457J
MJZ.TE3*X0JL<4>I?$`%#GA3I#<N6(C7)Z1E%T7MS8]+'5]S[LQ.&S%5323Q;
M+HZHU^YJ9B6CBDS.,H;UE"NL`E9#'*5N5X]V,A;"#\_+JJP1IF=P#Z=.^UJ#
MJ+$Y&'+[#W;N7`;BH9#X<M1^?&U!<('F$%3!7PUT-,JL%%PQ#6UQVY][:O!E
M!'5U6WP8Y"#7K=$_DP?(W?75NS-P;D[MW#E=T]99;#5,FU][255*RR9+$4==
M4Y;;&;HY8:2DCS:O3**2JCJ))*N-&\FD>&,D\P5)AH&<U'^7I^>,R1JH(KUL
M\](]K83N;KW;/9.WV:7;6Z\?39+%5@FIY_NH:NGAGA\[0/+%#4K#,ADB#DH6
M%P#<"R,2#J%"#3HMEC:)RK=#.)`RK8-S]`WU(%[$W`!^GU-A;VYTW05ZY7N+
MGCGF]A]1>PYYL/\`>_?NO=<@2`0&()'%C>W^PXL?>NJL2,^763S-?G\D7^@^
MG]..+^[:CUNM!7JNR.1?^'3JMN?^R4L?Q;\_QK)_XWM_L/;E?TR?Z0_P'K7G
M^77_T=@G^7LS+\<^.;]N=VW!^A'^D7-$_P!/P/9/<_VS]+(@#&`1T>974\A@
M?IP1_K\'\7-O:?K3(?X1^760'\"P/)_Q%[?07'/]/?NJ:=/Q<.J^/YB/S;VY
M\,^F:_<$$U-D.S=STM9C>N-MR2RPM)732TV.K]S5)CB8?8;=_B"3")FC:KF`
MA1M1XNB&1@H-.E$$1DIJ'8#4_P"3_9ZU;NG]B;N[JKJO<6\JVJR_8/;>[\EN
M7.U&2EADR=2*^6::@CF29V:2GIX(993K8I(ZLZ'@CVY(XBX?"!CHU&%Z$;Y-
M9S&[-J*[J/:$U'D-Q;:@QU=N*.@B@GJ\3C7Q4@PF"EH'8U4V=WS+:HI_$LDL
M%!$I*#SP/[;@6I,C5IY?,^?Y#K>H<:]4^[BZ)J?BIT_O[MW(8BLJ.\=U9:3K
M7KZ132R56W>Q]Q%ZZI%`B7J*B38]!3S5,M=ZH*[)O%RK1)J7B43.D8/Z0%3\
MQP'[>DY7P@S+_:'AT/7QC_DYU46U<%V/WJZ9+=>?!SE=MW,1QUGV-'D%:>V0
M#2S/792J27S.Y<",E;@V/MF;<!J*QC`_U?LZU%:HO<^6/0T=@?RV>A<)A,M'
MB]N)!4UVG[>2!:>$4+&165J*;[:26!B0+FY!4VL#9O;<=[(S4/#I[P8Z'L&>
MJXMX=W;S^._QR[8^,T2[FKJ?<FX=IUN"S$%:R8RDQ>(S:9C*4U;&DWF&0:LH
M,=]LR?M(M,P(UM?VL$:R3)/Z`],N_A(0HJ>MP'_A.)\ENO\`O?XL9_J+;N=R
MTNY^L4BS.=P>:K)*S+8BIR*QQ&OQM1/$D$^#J)*75!"%6>GD5O[,GJ321LDT
M@:FDBHZ27)#K'*/L/Y=;&%!/-+2Q320/3R@&*:.9%!CEB)CE!"V!)9=0-_5<
M?@^ZJ25!/'I'QZG>5./Q<@_5;@W/(/\`0`6^GY][Z\`17..N.K2S,#PQ"\#@
M_4"PN#R3_3W[KQ%<'KOR7O8<J+D?7D\@&U]-Q[]UNF*=5WQL/^'2JLZ>?]E3
MQPM<6_XOF4%_^-?U]N?Z$?\`3#_`>J5[Z=?_TM@?^7P2/CF&7\=N]VV/_E1<
MT#_A[)KG^V?I9%\`Z/$L?"/J!)!])!']0PO_`*W/^Q]L=6+@&AX],F[=S8K9
M>V<]NO,RM'B\!C*G)US1KKF\%+&97C@0<R2R\*@_+,/Q?WXFF:<.JJC.X0#B
M<?[/6A+\[?F?#\G/DGN/,YS("?'[=KL-1X*AI99VHZ+$T9IZDXW#PU@<4TM9
M*#=9'(61A(2=3!5L,3*E2.X]&B(J*$7@.DO0=W;BZJHZ[L!ZJ3&=A=LP#;FU
M=OP"HJ*K;>S,$T$F.AI8PK#[6K>AIX(F5%EJI)`OZ2Z-HQJ_;3M7\N/3A)'5
MA?QYZCR>\1E.Y=WY6N.U-C8VOR9FS[8E7W+V!#%39#=66?+P1WH\9MW+P_94
M9F\U.X2"-+K2`!)*^A?#6E3C[!Y"GS'\^O5RM?B)Z"CX_;<V[\[OEO2;NI]M
M*GQT^*LE34PYQ:2L;&=C]P2Y4128D5.1D9<C!C,<C5E5)3G2/N(DMHTLSC@V
ML!5C^JX_,#_4>FV;4:KY</M_V/\`5PZN1W-342/+2Q!0BK(L(,9'[$*!E0?5
M+(+6Y_WJWM!Z=;0DZ33/1#NYYJH4=3#3)IB-0\3:6'`+2`$L^HF/2OZN3<B_
MMZ,=U>GSUKX_,3$1XC!93<4<"N\E;3P`2)I,<$=4D#2JI`M([A5/U701[.(<
MFG3$U`K8\NEQ_)E^=.+^!OR73<N9HI9^ONT\=187,5,<M1'48><UB9"CJ%@B
M5OOJ:7Q/%,A53^T-#HQU#5U$SHC)\:Y^WY=)4"LK1GX6X?;U]'+J;M#;?9&#
MHLSMW-4=?0Y6AQ^:HC3U=-64TU#DJ<S0U=#4TTLD%71U)IY'1XVTE0S6(!`0
MQ/JU+7(\O3I))$R'(Q6@Z%K5]+\V_(O?Z7^O^)_WGV]TUUR\A%R/R+&][GC_
M`&_YO_7W[KW7`RK:_`/'/()/T'U`M[]U[JO..9_^'2*SGG_94\:O]KZ'-Y4_
MZK^H]N?Z$?M'^7K5!JZ__]._W^7S*5^.MCRO^E[N[_87[&S?_$^R:Y_MG^WI
M7$>P?;T>B.8Z02;K86!X('YMQ?CVQTXRAN/58'\XOO:/H3X#=W;QBR%1C:RO
MP5)MRBK:$S?>PU.;SF(Q=J?Q6'FG>O2`$D!?-J/`XO&NN2-?4_X,_P"3J]N-
M#ZF/:H)_S=?/=Z8-/NC.;AWMO/<%+A,/2*<O5565EJWK*YQ%)%34&-IJ0R5%
M=DYUC$=,''B\\BO/(L0=@;2&@H*G_)TJB:I=B<GAT9^BR>0[%J,%NZLJJZDR
M[91<)M>%X4EAQ>T-OB:K;(,L:LM-(*]U6,)H'FB*GA8[,4T:@.%,]/\`"O1^
M^V?EINP=.;*^)?74]!CI-^+MC9$V2Q]&[U6-H\R\L.\MP96K$4<SMCXZJ6>0
MQPO)+/&!ID%KIDA&MIVR!FG^#KS4XKQ/\NK5OC[V_P#!3XL=9;,Z3VAV1M?;
MV'PN/B2*CRL64@S^Y\OX8J6NSVY*J7!T(K]RY9X0]7-)H=V4*````DD2XE9I
M'C/\NF2K@E0.S_)T.FZ>R-EY1L;GMOUB56)FA<U$L;!H66='CC>.SD#R%0`;
MD6-_K>[&DUI3/3R`A34]5]]U?(?HG;%6E#O#L'"8&HGDF6*BJ4JYYF6-9%!\
M5'1U;*;AEX`N!];7L^D,K`,B$].$CA7JFGYF]C=.[OZ^R4&U-U19,UY`B)Q.
M3H-1BJHYH7H'K\=21LEHP&%_K>W-S[,[=9`PUC/3,NG0Q)P>J8\3E:B'$0S0
M-KK]OY2IBD%Y)76DCD,L+)&Y:.R2,S+8<&_`O?VN_+'1<K&@]0>MR#^0I_,<
MJLO3X#XQ[QKI*K/;8JAD>M*RH=G@S.P\Q5SR;JV[454M2E145^WF%14T0?2$
M$GB4>HH2F[A,4BW"_"3D>GE7]G2E@)8SZT_XK_9ZW/H9(Y8TDBOXG17C:P`9
M&&I6`!-@RFX][!J*CHMI2HZR_P"^_P!C_P`B][Z]UQLH-S87XL3Q]?\`>_?N
MO=5V1N/^'2*WU?\`<JV,&JW_`%>,LWMROZ1'S_S]:_$/LZ__U+^/Y?O_`&3H
MWY_XR]W;_P"_(S7^O[)KG^V?[>E47P#[>CQQ&P&GD7`;3]1QR;'\W'MCI_K5
M)_X55=T9W:'Q]Z!ZAQDU"F-[4WUN7+;@IS(LV0JJ/KZGVKE\8CTC0ZH:,Y>N
M1PZN/(Z%6'I%U5FH:5F/X1C\ZUZW4JC>I(IZ=:=O2TN%?.T3[OR4T.*^YCK<
MG5P&,1"C@+224M.]2\%+#%40QE/(WZ6(5/4209/Z@9Z=@(XL>CX8CLZ&IIJK
M/21QXIJYTQNV\=27`QVSJ#QQX>*I@F9GIVJX@:R=#_NS0&+V7VG\-OAKG_+_
M`+'2H5(KT8SXFP?(B7</8/?/1/7F)W1G\1#3;,P&Z=WSU-)M3:M)F]35F2HJ
M,8W*)FZ^FBP%.)46)88(R=<B:@I9G\$!8IGH../.G5OD*=.>>WQ_,'R^_:O(
M_*:KZO[+VYBUBI*.DV_L?9,7\6C2JB2I..SNW]A8FKQ9\8D\<0(C.KAV!5VJ
MJ6JK^@"#^W_#TTBRJ27(T#AC/Y]6W;;PT-#\3>T*J7%5^W\S#LK,Y7%:YI*Q
ML?-2T%?/CZJ.=Y08`T$2$@VT7((X'M"QK.N:BHZ?SCRX]4U=`X#M??G1\W:7
M56Q,)5[]I*#.5.0W]VIM3;6\\7G]VT^YI*-\'MVFWE-6X:EHZ/%.LS2&GA"/
M'(VJ5CX283,HD".QTGR&,=44LR5'QYZ(%\@>]/DYO_:LFU>_LCMS.S9:)1!0
MX7`8'$YW;&1P[B6-:/'[1QM-15.)AEIOMIC(4>(>I-2WU*8HHEH8Q@?ZO7I(
M[2^$1(`=7IQ'1"MNY:#;VXT;*4JUV-KZ:#^*T4LTM*:B*;0LZ152*TU+5*(R
M4F0%D>QMP1[4$5%!TD1@K585!Z,9T[VCDNC^R>O^T=F9RIGDV!N[$[JQ>F>G
MHLJ@-93_`,:H9EO4)*&@B5@2A60J;A5>P;E0,C*1@C^?2A&"-535/\_'KZI_
MPU^2>UOE%\>>K^T,'DH:O(;@V-MS*9B*)J<,E?48RE-4\<<+D>-:ERD@L!#.
M'A(N@9BJ-J5C;#KCIB>(QN?X3D?9T:,SL"/]I)N.1?BP_'X'MWIGKAYB?J!Q
M^DW/I'_$^_=>ZKPB/_8T2M/_`("SB_\`W<9<?[;\^[_Z$?M_S]>_$!3-.O_5
MOX_E^_\`9.C?^)>[N_\`?CYKV37/]L_2J+X!]O1W8I"A/)TG@C\<&Q//'%_;
M'3I-*>E>M`/_`(4R]GY7?7SHP.RZJ4U&S>J.M\'B,2L,D%;!_>/,5%;E=UL?
ML\A/&E;3QRT4,M/-]M4Q>,%X]+QNYA9J`C-^(M3\J?\`%].LM(HRW"M?]7[.
MM?#;]08WQB2A3%'+4UJPSO`*<^,1-3EX!()&D1H=0\QMI5;"WU7<10]40GM]
M./1BNF*/)=X]Q[,ZM@S1V_2;FJWCR.8999'HL;2TDU;62E8W)DJ:FGIG6,&T
M?D;D@<>VY&$49>E2.E"2&1PM<=;M/QJV)LK9&SL'L7K_`!L.!VOAJ*.DI*:&
M2*7[O6`U17Y&98A]Y75M0[23,>&=BUN``'79G9F8UKTIDJHZ%+>O5FU<@^8E
MS^,PDR2TDTDL531T/V\\9.DE(UI_!X_6."%'%K$\#0)'`TZHDC&@"]%[["HJ
M!^H.SMLX2AO'7[#W'CE8Q`1*U1@ZP0>D*#XU#"RJOYLH]W0D.A^8Z>()-:]5
M"?RE]\4$6%[GZ1RM+25W]W]WU5;)'4^&2&"4?:4$YBAF52J5,E*LI8J-3-SS
M]5M^M3$_RI^SJD1KJ'H>E/\`-?J'8N,VQN?/8C![=QE?4(@J)<;@J2GJ%6.:
M$%C4Q/$R,T=]0TJ'!-S^#ZUD<L`2:=.-3K52[5R./J]UUTN(@CAH::1J.)40
M*)5A=V:1XT.@.[$_2PL/9RO`5X]$\Y4R'3PZ5G3+8;/Y0[>ST4_V]8T<$-3%
M*%%/]X32B653%+(5II75U9`2@^H8<"K8%>KV^EV*MCK<T_D+?(S)=<#;'1&6
MS$7@H]XQ[3`GG\LU=CZYJ+'38:A@DK&6%:BJR..R$1C1$!@8G5Y`%*KA=,J2
M`8..E<D582OFHQ^6?\%>MQ5KZC?ZW][Z*SQKUBD)`X^O^\VM]?K_`+Z_MN1B
M"`.JGJN^)V_X="K1?_N5W%K^/H<QF/\`BGO89O!+5SK'^`]>^?7_UK]/Y?D@
M'QW=6-K=O]W6O]/^9C9HCGBW^Q]E%S3QGZ4QX0$^O2U^97R`VE\;/CAV3VMN
M^OW3BL/C,958'^,[/VUEMTYK`97-TM;14&:-!C,7EQ24F-J(R[5M7",?!((Q
M.X5P2G`=B%0=Q^=.E**'D4>7'\NOFQ?)_M:3Y']\;JWAFMZT^]:G+Y%Z:GW7
M5;>DVD=QTV.IQC\=N?=-#-DZ\8[)5N+HX3+!'*(I)(P%TEF9C:&/PXE`%,<.
M-/\`5_EZ4/I=@"1_@Z+IE<9B,;EWQ%#E:;<-8BZZ[(TBB*&#5#'4+CJ1==0M
M?+,X*,4/I52UK%1[=!+`FG;U0J%;2IJ>C4?!#KZMJNZZS>M53SPTFW\;*U#4
MJJJDF:JIXEFHHR.)&BHZER2MU]17@V]LSFBD'S/5K=*NS-@4ZVJNN][5>"PM
M,\$RL]/#H9B7$BZ$5P3%&I8$!0;6-R?]N1.,D=+J`\>ES39S>._YJK<^6RT6
M,I8Z5J;:U!/`M;3>8R)-'E:V&.:GJ*A)U(4IK`9+L"-5AH@#`%3_`).M4"@T
M'1"?E+\B_D7\?=D;FRM7A\=V[5;KIJF&GPO6&QMQXV'%TU#124T%=F*>3(;U
MK9J85,VIFCEI%`C8$&VH*H(H9"`"0!ZGC_@ZHYT+JI4CACK7;^&OR,[,ZN^3
M%+OK*X2LHHMU9#-46]*2JHZW&12TV9J)<@L;)4TY6%Z+)D&/TZM-U)M:QK/$
MLD6@-6G#I%`\GB@LI`/5HWSA^0^&?KO,&DKHZF/)4Y:D4L`6G,B(P".C.)(`
M^@JUF4@JPO[26T)5AZ]*Y'HC$\.M9W*R^?R3RV:1V+`DD_NRDL;J`.0/Z^S7
MHF/$].6PLPV%W)CJU6$9698F;ZF-*C]II57D.\6JX!XN![TW`]7B8K(K`]7\
M?"_LW,;"['VOO?9N5-)DQ58_>QJIZ.2LHZ?/8B6+#5>A?"5J&CI'IYXUY"NZ
MDJR\>R^=`RLI'#'1N*,*>1Q^WKZ.>R=RC=NS-H[J6*&([FVOM_/R0T\IJ(()
M\QB:3(5,,,Q$9FBIYZAD5R%U``V%[!$LA`&,=$T@TNR^AZ43F[`@W_V`'/\`
MK#W5C4D]4ZKPB_[>@5W_`(JWBC_L/XOF1_O?MX?[CM_IA_@/7J>=<T_R]?_7
MOK_E_KK^/3(6L/\`2_W;>W!_YF-F2.3_`*WT]D]U_;/TIC^`<./GT"_\U?;&
M\-W?#KOC8^"S>-VKA-W[5@QNYMX;I%2VU<+@H:N&MKJB2>A:LKJ'*Q0TJ)%K
MB^SE7F;E0WM.C%94;22H/2V"A8$_%0]?/>W!T/DMI025.Y-Q[6V[C:EM4N5S
ME3`0U)-%JAFHZ''3335DD7I.N".H0ZQQI/LX\741I&>G3#H4ZG`Z#-,%@,M)
ME*'I:CW!N4X7'3RYK?FX:6.AAK<A-3R6@V]CZ64-149@B9`]5JF=AJ]-U5;Z
MBN7-/ETTJJ2XA%2/Q'_)U"^*W9>Z>N/DIU_39G<&4I<%4Y>JV]EL57Y&M.*B
M&=QTM/2RR4,DOVZR_P`3:F!DT:E(Y-@?>Y5#QMZ]-P.ZSJC,=)P>MQO:L--D
MZ6FC22,T^0QT=0)(54-K2-59+R:B;'ZZAR.;^PZV"1Y@]&HI3'#HOO8W8GR`
MRV[/[F[1W#UI\?>K$H\BU#V_OR/)YJ3*9K'204Z;:V]MO"0U+8_RP31U"S3J
M3*@;Q#T%6?C2(+5E9W]!Z=5)-<#'35WOT-\P\'LA\]MGYM=`YN@I\!O+)UU;
M)@LAA,OD*#;4L<*43RTG\8IIGROWDCA4:..)8B6^ONZ2VY8:H""?GTWJ=JCA
M^7^SU01V#CN\).[TZYHNU>L>SH56"LSV]=O8Z&EV[A*6K>"2EEDKY\;15E;5
MU:5D9A2F\\CJPO:SZ3-"I37H(^73+-.)%4%2//Y=*_YT9''T>QL?M\+3QY*I
MW-2RXT)&\<LF(IMNXJ'+9!HU(\<&3S%*]4@^I:9O];W6`5.H^G7KDTBH#DGJ
MG>M<M52\DVD8`$D?I`7_`&H?I`]K.BOK%#*\,R3*=)C>-@02`=)4D6U#@V]^
MZWU>%_+YKY=[U.,P<4Z)5T.&W#G,6*C]P&MHMJY1):9`[:D69J:FF<IR9*9+
MWL`$-T="EOLZ-X&U1CKZ1_QX2>GZ5ZVI)8S"*+9VW*.&'2$:."#"T*1JRJ\B
MH_!NH)4'Z<>RL>?VGHOE53(:UJ3T,KOI&HBY/X_Q^O//T][ZIX2_/JN^*5O^
M'/JYK#_LES%"W^'\7S/_`!/M\?[CM_IA_EZ]1=86GX>O_]"^3X`R!?CY*#^>
MX.[1>_'_`#,;,_\`$#V3W7]L_2N(`H/MZR_S%.@Y/DG\0^U-@8F-9MWXBDH>
MQ]@)4U573T4N_.OY)<WMZ#(Q4TL*9&AK_'-2/3S:H6-0&(#HCJRK^&0_D/\`
M!Y_RZ?AI%("//KYJG:^W]Z;E[,S^4[.CI=OYW(4]+D<WC?MA1_PBHDHTJ*W%
M5$,U)021UV"=VAJ%T,DM3$PUN&#DW4JJ@)PZ>9&=ZO0#HYOQYS>SMC4V_L]F
M<?BH]A8W;&W-F9"C-"8CFFW?59:>GJ8)::62:>JHZV@T>2-U9E8(&4EO;4P+
M:`#5B:_LZ4)I6H`[.BG_`"KZUPR;TVGV?UQ34M1M+.8L&>H6K>.:ER^+KZPT
MRU=-6-Y(99,8T#:@S^0Q.SB-F5/;D;MI97'=TGN(R761!@@?X>MDKH/>#;HV
M/MFDG*3UJX;`5\:PRL$EH\]C::MQ\BO)X_)#$L_CE;ZAD(_URBX0!RU,=+UI
M3'1GL]MBDSN"@PN6PU)6002)-24SI#5Q+*5,#1B*,!0%9C9@M^+FWX3JS+E3
M0];-?+HC/R0^..8J,'(,/!%@\3]OX4IJ?'4]343PB2&<N*VK!F4F6%0A9KA2
M0#8@%9!-7#'NZHU*>IZHRW1U;NO9V\LAN>OIZBFQ&+R7VL-355&N5S]XM.K1
M1&=Y':TE_0+ZC:P47]F8<,*5QTP059GJ*=`=\I.P?[[[SJY2YF@Q\-/A\>Y<
MGQBF2E6OA$4;:"M*U+'"&/)T,1;Z>[Q)I7YGI-=/4@>0Z(U4IHGJ$-@ZRR?B
M]O4WTMS_`(>WND1^?7&*-G=4%^38'Z_7Z`_06_XCW[K75W/\IO8F7W1W_P!3
MXC'Q5,B9'>6`PU3"`TM/6X[*,*;<%&@$<C+,V"EJ9+!65M!5K,JZD5X08G'G
MY=&EMVQGKZ:NUJ%,%@L;C7+:H*>-7#!08VT`F-D1FC5E%E(4Z1;TFUO94!3`
MZ2&C'5\^GHLI)^@_/^'^W/O?6^J^(F7_`(<\K^1_V2[B?]YR^:_XI[?!_P`7
M;_3#_+TW_HH^SK__T;W_`(!%3\?903<CM_N[@7X_XR-FOK[);C^V?UZ61?#T
M<JNIVJ*.HIEE*I/!,C?0$>6-E)5F1Q<!N+JW-OK[8(Z<ID'K3@_G>?RFNWXX
M]_?-OJ3)Y?L9Z#/9G=_;NR*6BKJ_.8K8D-?AFPE=MM,;0/\`Q.CVF*JIJ,I%
M+HECHHGK&>1E<%79SZ:124`I0'_/_JX].NXD%!AA_/\`XKK7$V/ORCW1TIF>
MLJQZ.BSE'7TK.@$45;N+'8W-4NY:(TE?)-)%]_120NH$D85H)-(8&Y*\BC@T
MQTZC:X]#$Z@>@5QN,WQ)09T9>.JJ=M5LX:7*)'-408^05"U"QUS2-HC"*`UQ
M=M7^!T^W>T%1Y]-*)2&#Y3_!U=S\5,[N_(?&W:VZMMYMJK>O7=7EMM.AGDGH
MLGB:"H-1CL7.Z2Q/XJO&1024TMM4)<>D@D$NFT^*R$"G'I;'J,2^O1V^COY@
M&Q<E/383>*5FT=X8V!5EPNXYJ>&;(&)8X)9<=5251^^CCEN-:V8VOI]II;1Q
ME<J>KZA0ZCT-O=?S,Z;RFU6I(\C'&\=&6)FK<>0\L;K(_BECJ9$,>I2%]*D%
M>>!RW';2ZABG7A0`D'K6A^6_R>C[!W-'A=EJ5PN$R,U;+D'DB>E?*,E1&_CD
MB8QR,GD!.D7XM_C[.88M(J>/2*:<5HIQZ]5ZY*NFJ9FFGJ)*B5V:6::5B2\C
M,7=[7)]3L23R23?V]2G#I+QJ2?/IACQS9>>=::%IYDF=&2,$L1:^GTJY%RQY
M_'O=:`=4TEF:G1N?BE\)^Z_DOO2;;76W5?9W8N2Q$5)E\OMWKS:D^?S\6!>M
M6GGKT1I(Z*FAC^AGG801?J<@7]M2RK&,L!T['#C5)4+]G^H=;Y_\I7^4U!\6
M\=A>Z.Y=NT^"[0DCFJ-A]>R5U-FJCK/;M=28_P`,N\JF3&BFD[9KI()/OYL=
M,E+1TLBT:AV5W]E4TID(%>W_`"\>'I_FZ=>04\-!V=7VR:`2%OP;7XMS_K"_
M/MGT]>F*+PZQ?4'_``X^G^Q]^ZL?3JOV+_MYO7_^*OXG_P!VV:]O?\1S_IA_
MEZ3UX&N:?Y>O_]*]7X#L$^/\YM_S6#NT7)(!![&S(M8?X^R6X_MI/MZ61?#_
M`*O3H[Z,&7D@?0B]K6-^3:_'^\^V>G>N;P0S1O%/#'+%*CH\4B!DECD6SH\9
M]+AT)#`\$<$>_=5-:B@_/TZI_P#F1_(^^$_R\R];ON/;64Z/[<JX)$??74\E
M+B<=F*EV0QU>[=CR0_W>SM5$%T">(4=04)$DCV32]'/)&**P(]#_`*J]660Z
MN_/YT/\`J_+H,OC1_P`)^?AOU'M_*8KNL;@^1V0R5;42`9VMR^Q=JQT,T44:
M12X#:&=I:^MR`D5I&J)*\V9AI1=(/O;7,S,*$`?+_.>KM,VDJJ44_G7_``=%
M4^5GQ2^'_P`,^R-L=,?%C8$762;LPN8W;V#AX]S[XW=#+GB<-#M.H5][;CW)
M4T@APU1/Y(J>2)9$GB+ZF`(H7D>K,Q+#'E_F'2FTKX9KY\.B.9SXX=0]GQ9'
M#;QP-(N3K/.JR&2>EG$D^A8JNDJ:=Z:2-%E=OW$)5K_06/O8FF2C+PZ4,`30
M^?52WRJ_EQ[XZOIY-R]>[UK=P8$>>2HQ]34M5K3JS*L<$=5/.)97TL1JTDDV
MY]KH+M9*@K0])98#4%'I\NJK<K@\_0@T.6Q]3%-1-)$P,9;]+NIDN%!8,Y//
M]?:NN<''2,JPPPX=(\T554/XHX)W>X(!1P;D?D6X%_\`C?NV.F]+$4IGJV3X
M-?%O#;KZ;J>R]WXZ2F:;LS+X"&:LCDB%308_&8JH\E.7*K)!YY9D+KZ=:,-5
MU(]I)YBLN@>@Z76J`1ZB.XMU9)\?HY,5W@F4Z@J\KL[#]58B6I3<>WLG78S)
MY7<V;IJF`4<60I):6K%)C8(&$JA[2&51Q;VDE/Z?=ECZ^G2H@$G';TANS_YN
M7\S_`.+7>VZMF8KY$;DS>R,3E8,]LO!=L[8VAV+39W:^9I:>KHDJ=S9G!G?.
M1Q-+6_<T0\F9-2OVW[DC2!B5$<,,L08#N\Z'_/TC=0'(T#3Y?9_+HZG0_P#P
MJ![?Q%++2?([X_;'[&*$H,WUEELCUOD3,7D,:OC:^EWGC#`$%B576=(Y]1M5
MK(U['[?GU0QQL*5*G]O^K\NK5^H/^%$O\OKL'$K4[\RW8_3&;&F.HPNX]C9[
M=M"LVE#*M#N#9]!D(ZJ*%RPUSTU(QTEBB@CVG:VE4TI4?(C_`"]5^G/%&!^W
M'^'J;!_,1^&#_,/*_)!?D'L1NH(/CK@-OS;H6HJC-#N*KR.Y*BEV[+@A3?QI
M,]4T]%-+'2F`2/'$Y`.DVM1O#(TFNL?Y>FO!DU!*=VGU^8\^O__3O0^!)_YQ
M_J!^1W#W;P?R#V+FO]?\'V27!_7D'2R+"#YGHZL4A4J#QP`/IZ;'Z_GCVUT[
MTYI(2H_/`^OU!_W@6(]^Z]UE28H0!<&X-K"Q_J?^2??NJ:%KJ\^@=[Y[SVQT
MAUYF]T97*X"+=,N/R=/L#:F7RM!19+>^Z88T2DP^"Q<U93Y'.&GDG2>L2D#R
M04:22MI5;^_>1IU=$:5PFG'F>M3GY$]B[GW/WSLW?F_,W6[@R&[-Q#9E1GZD
M6B;(RXN6H@^W,*1TF,I?N\+X*:`@1E#$B+Z?;D0K$X`S3HTHJ4TC'#H5Z>AA
MUTV2JJ..8TM6T<U0GDUQQ,5<R(\;?<Q2<B\0U+I-_4.?;!;%`>/5^G;<V*VE
MFL36BJ2GSM&J*CQU$X:C3R@^7_@(M*KS`K^IGN3;G\>]*[A@!QZT:4ZKBRWP
M\Q79>\\K4879%-2X$&;Q2/3P4-'4R%[E?+%%45<S`-K5F]++8AC]?:_ZG0%!
M;/52M3@=`;O#^7]'M/(RY6'#1R8Z0%&IO`IDHY_ZPI''*7B`/Y:1R+_I^GMQ
M;K5C5GIO0`?AST9KNW&1],?%3J?8NUZ2+#9',9?:6!3[=?M9'RF5Q^0GRU>D
M,(1S/55+%G;];%OP.`Q#62XE=C6G3G!0.A:^-.R*?;&QMQ3&)3+75%-&:F:X
MJ*B7[?R-(\BH"S7E_H/I^;>V[ABSH*]>7A4<>J]/YK/6D-)3=-]PTC5#U+54
MG4FX(X7EDI(Z.M7+[IV[7RQ!!#3M2U\5=3^21AY'KHP`Q'M58O0R(2/7_/TE
MN5T^&XXUI_EZJ5I:BRLLK*VJ9)/(3Y#KN$CNRD'6`3?BW'^N08$`\1TV//KT
M%3.CR))=XKM*JE2W"$1DD,P51Y`?^03>VD\;(!^WK7K7AT*6(J3_`*#^P9_[
M7^DGIX6UM8I_=SO,Z?U?YL4GJT_T-K?CW2IU_G_DZ\2:)G-#_A'7_]2\;X%N
M8^@ZEOU#_3!W=86L?^9C9G^E_9%<_P!N]./2N/X$^WHZJ2!A?58@?VA:W]1_
MC[;J!@GI[K.M08D=F=5B0,TDC,(TC1!J>1W9@BHB\DD@*.3Q[U7..'6C7R.>
MJ&OYA7\^WX__`!5&6ZWZ`3#?(GO.DEKL9EC0Y.JI.J>NJ]8$6*7/;NI<?4P;
MVRU))4B0XW"O)3LT;4]17TLPD6)5%;22$5PO\_V?ZOEU=5P#(*?+_5PZJ$^)
M/9?=_P`GJ_=?S/\`DQN^OWYV;V%65^U=A+41C&[9V?L3;8BC7&[,V;1I!@MI
M4F1SF.=I7I(4EJTAB>9Y)"['5UI1A!$*`9/K4_/S^SRZ6P*`M?7ATEOEYAMP
MY?96V-XM4I@,-TUV9M'MBH5,C)33Y?%[&K9JW-8J6.T*UM1DJ-Y'A5]160!0
M+,2-P%02M:NPIUM\@'@`0?V='UIIX<-58YY_WL/N&"FIQ4Z!5TL57.JF*5U;
M5&L;JQ]0(M?@@?5'QJ/,'I_[.'7MV8:HHJ/[*C(%+,_F)CH:=I)(@4;3Y6.N
M1A(6_438$"]O>E;)+'/7J=+'8F$E?'2U,`G65J41222-HAIROBLJJS^-KW!M
MQ9A^;#WIN)Z]Y==;UV>LKP4U2"*I+FX;7J"K'/-*$L=>F.(`W^BDMS8^_*Q7
M(Z]U7C\L(4WQV/TWMNFFA>BP6X\SNFJC25&%#6T$6.Q5%#5TT%E\U,Z5#K`;
M&P5B`6'M9:C0DA\R`.FFH<5P#T:39V+CQ^SZ"EIV1=4DLE0\<GD$IDE\4;QE
M6*S1!(AR;7)(_K=.[$R<.G%';T7'YP;.DWE\3>\<3]C!5Y#"[23?>(-0$3["
M79^1H=Q5E6C./VY(,-05033ZB6*VNWM^W:DT1!XFG[13IJ<5A<?*O[,]:S>/
MDCG=)`[>28ZF8B55CUK#*AC!8*SW<G3Z74,2?I8'?RZ0J:X!ZG3Q%_MA+(&C
MC5UU&*)8_*)H9I2[`JS(=-E8-<ZC&``O-=7R/5F'SZ$S$$_Z$>P6T-J_TE]/
M<7DOI_N5WFH]/AU>(6OI_7I_.OCW6HR?/JI_!]A_R#K_U;L/A%E\?A?CIFLK
MF*^@Q.'Q/:7>^2RF6RE7!08W&8ZBW_G*BMKJ^NJGCIJ2CI($:2221E1%4DD>
MR.X/ZT@Z61#L'1"OEM_/_P#A3\?J+(8;IW+O\J>Q7Q0J<'#UADL;/U5#D*F(
M/2TVX^S%JYD_;9U:>#$T>1E0!TE>"4!?=X[.5R:KI%>)_P`W3^BH%6I\NM9?
MY:_SGOF]\P\1F]E9?>6.Z7ZHST&3QV2ZSZ<;*X*FW'M_*EHGP6]]TUN0J]P[
MOA:GM%*FJBHI5!;[5&9KK([6*(UTZF^?^$=7`'DH_/CU4YAL15[HW3M;9&&6
MFBJ]Q;APFUL;K;131UN<RE+C*.21E0:8(JJN5G(4Z54DC\>U;&BECY"O52=3
M*OJ>MO(X79G0W0^$HLGF,5MK9O6.U-NXFNW-DFIL?C:6EH%H<'/E\C(Q%+`^
M4K9_)(Q-O//]3?V'3JEE-!5F/1D*(O&@'5?_`,Q<Q1[ZZLK-M;7DJ-P[;WCA
MLKG)-^0F2KV?0X:#$BCDAQN3QM14X^NR>0JLC:EB>1-3QLNFZFRZV%&#-0$8
MIY]5?2ZD`\1T>#X6[MQ/<WQNZMVUN7)PTO9.$V1@,;N/;>6K(Z3=ZU6+Q\6,
MAW"^WZV9LDM%FJBFUP/XR+W&HW!*6X4Q3.0#I).?+_BNMHU475AJ9!Z/SB>N
M,EGZ?&8BNH335F.22FR-0T1NE/#''+%5U7E0?;1I3L2SDC3IN2+>TQ(S3KQ8
M+FN.D_N7LWH_IZIQV,W7VIL[&S9K<=#LZFFJ,_CVHJ?-5E!59*)*ZMB)AQ5%
M/2XR54GF9(9)QX]1?T^[>'(P[4)_S=5+%@#3'5;W9/RVV_@=M]Q=^;[_`(SM
M/$]"9*MVIC]D1;??)TO8N9W4V3Q6"K*3.YBKI,=C<VN5H#1^&@6HJ4IDKA+4
MPJ9Z;VJ2`DQQ+0L_GZ4SUIY-":SP'6K-U[\N.Z-O=U[N[:I\ECLGF>R=VY7>
M&]-N91*Y]JY7,YC(??U55'1054<]!6T[?M4]4CM+'&`'\@NI.#$GAJG``8Z*
MXYY5D9A^+B/+]O5[OQX_F8=#[UCQV![)J)NF\WX9!7ONAXCUTU2DDKDX?>2R
M)'#)4,%<1UM/1J&(5&=R;EL]I(*E>[_#^SHPCN48=W:?G_G_`,_5@.Z<5A^X
M>K]VP8/)4F=VMV'L?/;;3/;?K8<ECZS#;GP5;C358RLI7GII7\&0+1#7^I;L
M+<%(M8W35Q!Z4,`ZD?A/_%=:BM-25.`R,^"RCK3Y/#U5?@:Y(D<.V4VW62XG
M)0>:75,4IZVD968A0LBF-18L2?KFI]>BQ>TZ:X_S=*.JF2.FFF?[B9FE5::&
M%5\SLT3&H6.74W@58O(\@=6NC-:Q.H7\NKG`X=++$/C_`/03V%+>K^P';73L
MHIO.OWG.`[T#7FTV\WC`J@=/ZN?I[KC_`&W5"%JIKVY_PC_B^O_6!_\`F"T/
MR>J/@%NTXS=&:P_P\'?&^CVLG6NP\+N/?KTYWOE+IOZ3)=C[5KX^L$WQX"[4
M"-(U1]J*I5I?(?9>/"^J-3^KTM@)T?#5?MI_D/6LQ08CHS[:'Q=@]D^+2-/G
MZ>VMJM=]6NW>7DO:^K\Z?:P5S3CT^I%,)_/_`*%Z<4Q'2WE_YF#V3;]O_FCV
MU_#_`)L^.WB[SMHMI_QO:_O8K3B?Y=7J?X!^T_\`0/0Q_$S%=2+\C^NSM7?F
MY9][_P`8JO[JQ]@=2X>EVR=S'%UG\,-1+0=U5DRY`2W^V#H4-3HU6%O;-Q7P
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MD%1U3AAMQ4_NZG\`5FVAW,>YGV"=M:/O3*%GMK^\'WGW/MI/I]?8?UM/IY?F
M:5Z]6XQVK^W_`&.A+?';_7X[;S?<N\-O3_'/^);+_A\%=UOMNES0VJ=\?[\$
M;.J]R]JUFZ6VA'DO'J,,(KG@MY`LFNU:0^,-+-XF:T&*T\Z'C_+K9-Q0=J5^
MT_YNB,_S7,3O1M_[>;Y/;_WM#L4TL9ZVBZ5ZAV-4],)%_#<3YAB9\7W?2&7*
M>'Q\Y"-)=7E\`T^3VILO!HWA$ZZYKQXX_P!0Z2W!>B^(HI\B?YXZJGV_B/B[
MYYOL>PNY34>!^:GIS:P'CL?)XPO>I]6G_8_2W/M8WRX=)D*XHN?M_P!CI7-B
M/CMXUMV%V[X-1M_QAS;'CM9K_K[T`\?U_P`/I^?;6/(Y^73M?Z/\_P#8Z6VQ
M,1L+^+8K_1)V%\H_[P_=0_P/_1KT[+][]UY_4*$8'O3[/S>?_.>3C5]./>SH
MSK*_GUX'(\-3J^1/^:G[>FY<1TQ_&\W_`!#L'NG^\'\<S?\`'!G^G=KG,?WA
M_C68_C?WK5'>8D_B0SOW?FUC_/?7GWK'D12@].MJ>X]OF>)_;Y=*2'$=,^(>
M/L'LTQZO7;I[;8)&LZK^+O(N%OKO>_Y_'O6/GT[4T-4%/M/_`$#T^8K%=*#H
MW?B)OSLUL"W974K5%0W4VVTR,-:FW>ZA1PPT8[IDCJ:2ICDG,LC3Q-!XHPL<
5J2LT-_,_9_GZ9)-%[>W/G\Q\NO_9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>p17039p1703903a.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 p17039p1703903a.jpg
M_]C_X``02D9)1@`!`@$!+`$L``#_X0Y\17AI9@``34T`*@````@`!P$2``,`
M```!``$```$:``4````!````8@$;``4````!````:@$H``,````!``(```$Q
M``(````4````<@$R``(````4````AH=I``0````!````G````,@```$L````
M`0```2P````!061O8F4@4&AO=&]S:&]P(#<N,``R,#$P.C`S.C`R(#$P.C`Q
M.C(W``````.@`0`#`````?__``"@`@`$`````0```'V@`P`$`````0```'T`
M````````!@$#``,````!``8```$:``4````!```!%@$;``4````!```!'@$H
M``,````!``(```(!``0````!```!)@("``0````!```-3@````````!(````
M`0```$@````!_]C_X``02D9)1@`!`@$`2`!(``#_[0`,061O8F5?0TT``O_N
M``Y!9&]B90!D@`````'_VP"$``P("`@)"`P)"0P1"PH+$14/#`P/%1@3$Q43
M$Q@1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P!#0L+#0X-
M$`X.$!0.#@X4%`X.#@X4$0P,#`P,$1$,#`P,#`P1#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#/_``!$(`'T`?0,!(@`"$0$#$0'_W0`$``C_Q`$_```!
M!0$!`0$!`0`````````#``$"!`4&!P@)"@L!``$%`0$!`0$!``````````$`
M`@,$!08'"`D*"Q```00!`P($`@4'!@@%`PPS`0`"$0,$(1(Q!4%181,B<8$R
M!A21H;%"(R054L%B,S1R@M%#!R624_#A\6-S-1:BLH,F1)-49$7"HW0V%])5
MXF7RLX3#TW7C\T8GE*2%M)7$U.3TI;7%U>7U5F9VAI:FML;6YO8W1U=G=X>7
MI[?'U^?W$0`"`@$"!`0#!`4&!P<&!34!``(1`R$Q$@1!46%Q(A,%,H&1%*&Q
M0B/!4M'P,R1BX7*"DD-3%6-S-/$E!A:BLH,')C7"TD235*,79$55-G1EXO*S
MA,/3=>/S1I2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V)S='5V=WAY>GM\?_
MV@`,`P$``A$#$0`_`+N-@TY`LMM=87&VP:/<!`<0-`48=)Q/&W_MQW]ZETX?
MH;/^.M_ZMRN`)A+(!HT_V1B>-O\`VX[^]+]D8?C;_P!N._O5Y)"RJ@TOV1A^
M-O\`VX[^],_I6"QI>XV!H$D^H[^]77N96POL(:UNI)\%POU@Z]F]1L=5B;J\
M*OPT]1W[SOY+?S4=54'6ZIG=%Z>V"ZRRW]P6NT_K&5SMOUIN:^68PV'@.MM)
M^]MG_?%C/=;J'N)(02YV\0/:WPT1`07J<7ZU]-+2<S%N81QZ5SG3_G;5O=,R
MOJ[U,AF+?8;2)]%SWM=ISS])>;S8]Q,0!K)\4S;'L>U];BRQID/:8(/DE2+?
M6_V1A^-O_;CO[TW[(P_&W_MQW]ZY?ZK_`%U!(P^L6D./\WE/B)X].W]W_C%V
MK7->T.80YIU!!D%#5<*:7[(Q/&W_`+<=_>F_9.)XV_\`;CO[U>30A950:/[)
MQ/&W_MQW]ZJC"I_:+L;=9Z7IM?&]TS[OSI6PL\?\M._XEO\`W]$%1`?_T-;I
MW\S9_P`=;_U;E<"J=-_F'_\`'6_]6Y7`HSNR#90":VQE5;K7G:Q@+G'R"(`J
M/7"6]*R".[8/P*27E;^I9?UAS[<>DNKP:3[R#H0#`G^78KMG3FN;Z36@-&FG
M96OJATVMO0+<AVCKK7D'^J16W_J5:8T<1\4BH/*YW0LDD.IK#F#Z;60-/WOY
M2H'ZO9M]DMI>"!R8`"[]M0C0*1I,'0D=S"-JH/GEGU;ZDUNUM9UY(C7XA3M^
MJ]_V8O$&_F(@?E7;V5#P57(`:!W2LJX0^:656,>66"'M,.!T77?4;KCZK?V9
MD634[^C@]B9+F-6;]9*6MR0Z(;8(='B)AW_26=AN]'(IL`]U;VN^.TAR.X6[
M%]?3)VG>QKN-P!CXI)JYB50'_+;O^);_`-^6@J`_Y;=_Q#?RN2""_P#_T=CI
MO\P__CK?^K<KC1JJ?3?Z._\`XZW_`*MRN-4;(-F8"I=:H=?TR^L:$@'[B"KP
M5;J7]#M'BQP_!)+G=`=MZ`VL'1MEGXN4V<DK*^K^;51T5WVNP,(R+&-#C$P0
M?XJ_3G8;R/3M89,`;A*14'0;PV%8);M),F?'X*NW;MD.'QE`OZI@8M9-][&C
MB2X!)2K0)/@L[*U'G*KY'ULZ>Y[F8X=:1IN#9;/]8(-?5<;*<6MFNT\L=Y?N
MI4JW!^L+GML:':M[%8E%SFVM)Y82=?O76]<P_M&"[3WL!+2N2HQKKLAE5;27
M./A,?O)PV6G=]BZ?>,G`QL@?X6IC_F6C<C$*ET(QTNBD@CT&-JD]PT:.5XIJ
M6*SQ_P`N._XAO_?EH%9X_P"7'?\`$-_[\B%%_]+8Z9_1W_\`'6_]6Y76JETW
M^CO_`..M_P"K<KK4P[L@V2!!S6DT.CP1@HWB:G?!!3YUU/ICK##][L?>=M59
MAQ>X_15&KIEF-U(8U-=E1&T^J'`L@P[<[V,W,7>8%53JK@\`EMKHGS:%69AU
M52YC`'\`HVFENF.=D5.%OTF#:?/3E4\WHU61O+F"S;+@TZRM9F)]DJYEUDN)
M^Y#KU'N$ZH*>??A=9I;6WIEGHU1[V!H:UKIX^B_U&[%=JZ;DWQ]JVEX,^HT;
M>/WFZKHAC[&@M`<"/A^"':&@00`?!)3BY=`#'5\R"(6-]6>EN=<<I[00"[9Y
M`$ME;'4;MC7/[#5"^KWK.Z<7,.W:72>^I)]J2NKTG3:RS&V^!,%6U5Z:X'%:
M!Y_E5I)3$K/'_+CO^(;_`-^6@5GC_EQW_$-_[\B$%__3V.F_T=__`!UO_5N5
MUJI=,_F+/^.M_P"K<KC5&R#9*$Y$@@]U$%."DIP\H.QLMX!ACP"0/$)@\.;(
M/FI_6$E@%H'T5G59-;:?4!W-B8'@4DNE9=6^MK1>'^G7#C/<GW`*BS+K]0LJ
MM:\L<`YFO?LL3(ZC2_(D"&NF1QK,<J576+07``N&\-8!``$?FI4I[%N0:_I'
M2-"JF=>3+EA'K5C2=SR-."/-%MS7NPVN>=7I*:?5+O5::Q\U8Z5D%F":6@:N
M,N_N6<\^QY<8(D_+Q5WIC?T36CN?XI*>MZ:S;C-^"M(.&TMH:#X(R2EBLX?\
MN._XAO\`WY:!6>/^7'?\0W_OR(07_]37Z;_,6?\`'6_]6Y7`J?3?YA__`!UO
M_5N5L*,[L@V2A.H`J4I*<[K=6_')\%QMUMF-6ZMCMLD`./$'LN[S:_4H<U<5
MGXSK&.:P3;69:/\`JO[224=&$Z9)J>7<%P['56_L1:-S[*V`1#:X!_LK-KK=
M?C`[SYEIU'\DJUC]-QZV[WO<2TSJ?N14FR*<1M!(K#K#KZNA?K\52MS0ZJMH
M.WN`>T?2_P`UR)GY#1AEXT(.WX$?!9&/9ZE3:W:?NGS2"&\-]K_3[./(_=72
M]!PVVO+R(:T[6CM($E9_1NFY&:\EC=M+>;"-!/A^_P#U%M]2Q*J>EW45RQK*
MW/#I@[P-[7[A_+:@EV``!`X"16#]4_K"SJV"VJ^P'/H$6@Z%X'T;FC_JUNI(
M6*SQ_P`N._XAO_?EH+/'_+CO^(;_`-^1"B__U=;IW\S9_P`=;_U;E;"I]./Z
M&S_CK?\`JW*T7M:-SB&@<DZ*,[L@V2`J0*R<KZR](Q6DNN]1P_-K!)_SOH+E
M.K?77.R-U>+^K5$0=NKC_P!<CV_V4J47N,SJ/3\0;<O(KJ)_-<?=_F#WKGL+
M*Q<OZQ8U&.998YSB2(!#&N<8"Y#%];(N]6]SGO?K+B28\27+9^JFZ_ZV8_I_
M0QV6./P#=G_5V(TJW7ZYT*[!N-V$QSL:TDO:P3L.IX_-K7/_`+2+'`9$M!B0
MX>"],R\JBJ:R0ZR)V>$\;E@9?3J;+#8P"LN,G26_YL>U!+Q-S>H=3N-6-2^Q
MA/L+6GW:^?TEU70/J-:QPOZG#6<MI!]W]5Y_-8N@Z)114W:&!MT:NYW#Q:?S
M?^*6MVU1M#7]*JBL5U,;76T0&C1H'D%R'UXZLW%P3B5.B_)T]O9@C<3_`%_H
M+J,[(KIK?;>[94QI<]Q[-"\CZ[U)_5.HVY;M`X[:V^#1HT)`*.@:F)E9&)D,
MR<=YKNJ.YC@O3^@_63"ZOCL_2-JS(BS')`=N'+J_WV.^DO+`"I-<YC@YA+7#
M4$&"/F$XBUH-/M"SQ_RV[_B&_P#?EQO2/KQGXC6TYH^UTB`'$Q8T#^7_`(7_
M`*XMP?6?I'VEW4_4=Z'IMKV[3OW^_P!FS_S)-HVN)?_6HY7UCRL/)NQ,5K`V
MJRPV/<"XDN<X[6ZM6)G=7RL@DWVNL/:3H/ZK?HHW4FXW[1S-S[`[UG;@&`B9
M[?I%GN;T[O9;_F#_`-*IJ]JVWN=W4:ZY]SN.P\58V]*_TEW^8/\`TJCUMZ?#
M8LLB1$L'_I5%2[7>C7_+</N"U?J&T5YN5U`Z^A4X-'B7?I/_`$4LMS<*7[K+
M=W?V#_TJMGZJM_09/[/?(D>KZK(/#HVQ9^[O04]#BXN6Q[LZX:7:VG62X_GQ
M_P!%6<BQM-.Y^@C2>?W?SDUP^L'H.EU'I[=8;V_SUD]0;U3<WUGMXTV,$1K]
M+](FTFVS7D9E]@&"#ZG,B?:.`Z?^@NFKM>ZN+8%K0!9MXF)!;N_-<N>Z4.J>
MB/LCJ.??N;[I_E^]60/K!ZS_`'4[^\MT[;?ST:42\]_C`ZW[F=*H/N(%F2X'
MM_@ZO_1C_P#K:X5W*V.J-Q_VCD_;[+OM?JN]?V-^G/NV[;?HJJYO2N]EWR8/
M_2J(6EHM"9VA'S5X-Z3_`*2[_,'_`*53.;TC3])=_F#_`-*HJ:?\%=;_`,DV
M?\<S\EJ;;TC_`$EW^8/_`$JK+6]._9]GZ2WTO59/L$SML_X1)3__V?_M$Q90
M:&]T;W-H;W`@,RXP`#A"24T$)0``````$``````````````````````X0DE-
M`^T``````!`!+`````$``0$L`````0`!.$))300F```````.````````````
M`#^````X0DE-!`T```````0````>.$))3009```````$````'CA"24T#\P``
M````"0```````````0`X0DE-!`H```````$``#A"24TG$```````"@`!````
M``````$X0DE-`_4``````$@`+V9F``$`;&9F``8```````$`+V9F``$`H9F:
M``8```````$`,@````$`6@````8```````$`-0````$`+0````8```````$X
M0DE-`_@``````'```/____________________________\#Z`````#_____
M________________________`^@`````____________________________
M_P/H`````/____________________________\#Z```.$))300(```````0
M`````0```D````)``````#A"24T$'@``````!``````X0DE-!!H``````T<`
M```&``````````````!]````?0````D`4``Q`#<`,``S`#D`,``S`$$````!
M``````````````````````````$``````````````'T```!]````````````
M``````````$`````````````````````````$`````$```````!N=6QL````
M`@````9B;W5N9'-/8FIC`````0```````%)C=#$````$`````%1O<"!L;VYG
M``````````!,969T;&]N9P``````````0G1O;6QO;F<```!]`````%)G:'1L
M;VYG````?0````9S;&EC97-6;$QS`````4]B:F,````!```````%<VQI8V4`
M```2````!W-L:6-E241L;VYG``````````=G<F]U<$E$;&]N9P`````````&
M;W)I9VEN96YU;0````Q%4VQI8V5/<FEG:6X````-875T;T=E;F5R871E9```
M``!4>7!E96YU;0````I%4VQI8V54>7!E`````$EM9R`````&8F]U;F1S3V)J
M8P````$```````!28W0Q````!`````!4;W`@;&]N9P``````````3&5F=&QO
M;F<``````````$)T;VUL;VYG````?0````!29VAT;&]N9P```'T````#=7)L
M5$585`````$```````!N=6QL5$585`````$```````!-<V=E5$585`````$`
M``````9A;'1486=415A4`````0``````#F-E;&Q497AT27-(5$U,8F]O;`$`
M```(8V5L;%1E>'1415A4`````0``````"6AO<GI!;&EG;F5N=6T````/15-L
M:6-E2&]R>D%L:6=N````!V1E9F%U;'0````)=F5R=$%L:6=N96YU;0````]%
M4VQI8V5697)T06QI9VX````'9&5F875L=`````MB9T-O;&]R5'EP965N=6T`
M```115-L:6-E0D=#;VQO<E1Y<&4`````3F]N90````ET;W!/=71S971L;VYG
M``````````IL969T3W5T<V5T;&]N9P`````````,8F]T=&]M3W5T<V5T;&]N
M9P`````````+<FEG:'1/=71S971L;VYG```````X0DE-!!$```````$!`#A"
M24T$%```````!`````$X0DE-!`P`````#6H````!````?0```'T```%X``"W
MF```#4X`&``!_]C_X``02D9)1@`!`@$`2`!(``#_[0`,061O8F5?0TT``O_N
M``Y!9&]B90!D@`````'_VP"$``P("`@)"`P)"0P1"PH+$14/#`P/%1@3$Q43
M$Q@1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P!#0L+#0X-
M$`X.$!0.#@X4%`X.#@X4$0P,#`P,$1$,#`P,#`P1#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#/_``!$(`'T`?0,!(@`"$0$#$0'_W0`$``C_Q`$_```!
M!0$!`0$!`0`````````#``$"!`4&!P@)"@L!``$%`0$!`0$!``````````$`
M`@,$!08'"`D*"Q```00!`P($`@4'!@@%`PPS`0`"$0,$(1(Q!4%181,B<8$R
M!A21H;%"(R054L%B,S1R@M%#!R624_#A\6-S-1:BLH,F1)-49$7"HW0V%])5
MXF7RLX3#TW7C\T8GE*2%M)7$U.3TI;7%U>7U5F9VAI:FML;6YO8W1U=G=X>7
MI[?'U^?W$0`"`@$"!`0#!`4&!P<&!34!``(1`R$Q$@1!46%Q(A,%,H&1%*&Q
M0B/!4M'P,R1BX7*"DD-3%6-S-/$E!A:BLH,')C7"TD235*,79$55-G1EXO*S
MA,/3=>/S1I2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V)S='5V=WAY>GM\?_
MV@`,`P$``A$#$0`_`+N-@TY`LMM=87&VP:/<!`<0-`48=)Q/&W_MQW]ZETX?
MH;/^.M_ZMRN`)A+(!HT_V1B>-O\`VX[^]+]D8?C;_P!N._O5Y)"RJ@TOV1A^
M-O\`VX[^],_I6"QI>XV!H$D^H[^]77N96POL(:UNI)\%POU@Z]F]1L=5B;J\
M*OPT]1W[SOY+?S4=54'6ZIG=%Z>V"ZRRW]P6NT_K&5SMOUIN:^68PV'@.MM)
M^]MG_?%C/=;J'N)(02YV\0/:WPT1`07J<7ZU]-+2<S%N81QZ5SG3_G;5O=,R
MOJ[U,AF+?8;2)]%SWM=ISS])>;S8]Q,0!K)\4S;'L>U];BRQID/:8(/DE2+?
M6_V1A^-O_;CO[TW[(P_&W_MQW]ZY?ZK_`%U!(P^L6D./\WE/B)X].W]W_C%V
MK7->T.80YIU!!D%#5<*:7[(Q/&W_`+<=_>F_9.)XV_\`;CO[U>30A950:/[)
MQ/&W_MQW]ZJC"I_:+L;=9Z7IM?&]TS[OSI6PL\?\M._XEO\`W]$%1`?_T-;I
MW\S9_P`=;_U;E<"J=-_F'_\`'6_]6Y7`HSNR#90":VQE5;K7G:Q@+G'R"(`J
M/7"6]*R".[8/P*27E;^I9?UAS[<>DNKP:3[R#H0#`G^78KMG3FN;Z36@-&FG
M96OJATVMO0+<AVCKK7D'^J16W_J5:8T<1\4BH/*YW0LDD.IK#F#Z;60-/WOY
M2H'ZO9M]DMI>"!R8`"[]M0C0*1I,'0D=S"-JH/GEGU;ZDUNUM9UY(C7XA3M^
MJ]_V8O$&_F(@?E7;V5#P57(`:!W2LJX0^:656,>66"'M,.!T77?4;KCZK?V9
MD634[^C@]B9+F-6;]9*6MR0Z(;8(='B)AW_26=AN]'(IL`]U;VN^.TAR.X6[
M%]?3)VG>QKN-P!CXI)JYB50'_+;O^);_`-^6@J`_Y;=_Q#?RN2""_P#_T=CI
MO\P__CK?^K<KC1JJ?3?Z._\`XZW_`*MRN-4;(-F8"I=:H=?TR^L:$@'[B"KP
M5;J7]#M'BQP_!)+G=`=MZ`VL'1MEGXN4V<DK*^K^;51T5WVNP,(R+&-#C$P0
M?XJ_3G8;R/3M89,`;A*14'0;PV%8);M),F?'X*NW;MD.'QE`OZI@8M9-][&C
MB2X!)2K0)/@L[*U'G*KY'ULZ>Y[F8X=:1IN#9;/]8(-?5<;*<6MFNT\L=Y?N
MI4JW!^L+GML:':M[%8E%SFVM)Y82=?O76]<P_M&"[3WL!+2N2HQKKLAE5;27
M./A,?O)PV6G=]BZ?>,G`QL@?X6IC_F6C<C$*ET(QTNBD@CT&-JD]PT:.5XIJ
M6*SQ_P`N._XAO_?EH%9X_P"7'?\`$-_[\B%%_]+8Z9_1W_\`'6_]6Y76JETW
M^CO_`..M_P"K<KK4P[L@V2!!S6DT.CP1@HWB:G?!!3YUU/ICK##][L?>=M59
MAQ>X_15&KIEF-U(8U-=E1&T^J'`L@P[<[V,W,7>8%53JK@\`EMKHGS:%69AU
M52YC`'\`HVFENF.=D5.%OTF#:?/3E4\WHU61O+F"S;+@TZRM9F)]DJYEUDN)
M^Y#KU'N$ZH*>??A=9I;6WIEGHU1[V!H:UKIX^B_U&[%=JZ;DWQ]JVEX,^HT;
M>/WFZKHAC[&@M`<"/A^"':&@00`?!)3BY=`#'5\R"(6-]6>EN=<<I[00"[9Y
M`$ME;'4;MC7/[#5"^KWK.Z<7,.W:72>^I)]J2NKTG3:RS&V^!,%6U5Z:X'%:
M!Y_E5I)3$K/'_+CO^(;_`-^6@5GC_EQW_$-_[\B$%__3V.F_T=__`!UO_5N5
MUJI=,_F+/^.M_P"K<KC5&R#9*$Y$@@]U$%."DIP\H.QLMX!ACP"0/$)@\.;(
M/FI_6$E@%H'T5G59-;:?4!W-B8'@4DNE9=6^MK1>'^G7#C/<GW`*BS+K]0LJ
MM:\L<`YFO?LL3(ZC2_(D"&NF1QK,<J576+07``N&\-8!``$?FI4I[%N0:_I'
M2-"JF=>3+EA'K5C2=SR-."/-%MS7NPVN>=7I*:?5+O5::Q\U8Z5D%F":6@:N
M,N_N6<\^QY<8(D_+Q5WIC?T36CN?XI*>MZ:S;C-^"M(.&TMH:#X(R2EBLX?\
MN._XAO\`WY:!6>/^7'?\0W_OR(07_]37Z;_,6?\`'6_]6Y7`J?3?YA__`!UO
M_5N5L*,[L@V2A.H`J4I*<[K=6_')\%QMUMF-6ZMCMLD`./$'LN[S:_4H<U<5
MGXSK&.:P3;69:/\`JO[224=&$Z9)J>7<%P['56_L1:-S[*V`1#:X!_LK-KK=
M?C`[SYEIU'\DJUC]-QZV[WO<2TSJ?N14FR*<1M!(K#K#KZNA?K\52MS0ZJMH
M.WN`>T?2_P`UR)GY#1AEXT(.WX$?!9&/9ZE3:W:?NGS2"&\-]K_3[./(_=72
M]!PVVO+R(:T[6CM($E9_1NFY&:\EC=M+>;"-!/A^_P#U%M]2Q*J>EW45RQK*
MW/#I@[P-[7[A_+:@EV``!`X"16#]4_K"SJV"VJ^P'/H$6@Z%X'T;FC_JUNI(
M6*SQ_P`N._XAO_?EH+/'_+CO^(;_`-^1"B__U=;IW\S9_P`=;_U;E;"I]./Z
M&S_CK?\`JW*T7M:-SB&@<DZ*,[L@V2`J0*R<KZR](Q6DNN]1P_-K!)_SOH+E
M.K?77.R-U>+^K5$0=NKC_P!<CV_V4J47N,SJ/3\0;<O(KJ)_-<?=_F#WKGL+
M*Q<OZQ8U&.998YSB2(!#&N<8"Y#%];(N]6]SGO?K+B28\27+9^JFZ_ZV8_I_
M0QV6./P#=G_5V(TJW7ZYT*[!N-V$QSL:TDO:P3L.IX_-K7/_`+2+'`9$M!B0
MX>"],R\JBJ:R0ZR)V>$\;E@9?3J;+#8P"LN,G26_YL>U!+Q-S>H=3N-6-2^Q
MA/L+6GW:^?TEU70/J-:QPOZG#6<MI!]W]5Y_-8N@Z)114W:&!MT:NYW#Q:?S
M?^*6MVU1M#7]*JBL5U,;76T0&C1H'D%R'UXZLW%P3B5.B_)T]O9@C<3_`%_H
M+J,[(KIK?;>[94QI<]Q[-"\CZ[U)_5.HVY;M`X[:V^#1HT)`*.@:F)E9&)D,
MR<=YKNJ.YC@O3^@_63"ZOCL_2-JS(BS')`=N'+J_WV.^DO+`"I-<YC@YA+7#
M4$&"/F$XBUH-/M"SQ_RV[_B&_P#?EQO2/KQGXC6TYH^UTB`'$Q8T#^7_`(7_
M`*XMP?6?I'VEW4_4=Z'IMKV[3OW^_P!FS_S)-HVN)?_6HY7UCRL/)NQ,5K`V
MJRPV/<"XDN<X[6ZM6)G=7RL@DWVNL/:3H/ZK?HHW4FXW[1S-S[`[UG;@&`B9
M[?I%GN;T[O9;_F#_`-*IJ]JVWN=W4:ZY]SN.P\58V]*_TEW^8/\`TJCUMZ?#
M8LLB1$L'_I5%2[7>C7_+</N"U?J&T5YN5U`Z^A4X-'B7?I/_`$4LMS<*7[K+
M=W?V#_TJMGZJM_09/[/?(D>KZK(/#HVQ9^[O04]#BXN6Q[LZX:7:VG62X_GQ
M_P!%6<BQM-.Y^@C2>?W?SDUP^L'H.EU'I[=8;V_SUD]0;U3<WUGMXTV,$1K]
M+](FTFVS7D9E]@&"#ZG,B?:.`Z?^@NFKM>ZN+8%K0!9MXF)!;N_-<N>Z4.J>
MB/LCJ.??N;[I_E^]60/K!ZS_`'4[^\MT[;?ST:42\]_C`ZW[F=*H/N(%F2X'
MM_@ZO_1C_P#K:X5W*V.J-Q_VCD_;[+OM?JN]?V-^G/NV[;?HJJYO2N]EWR8/
M_2J(6EHM"9VA'S5X-Z3_`*2[_,'_`*53.;TC3])=_F#_`-*HJ:?\%=;_`,DV
M?\<S\EJ;;TC_`$EW^8/_`$JK+6]._9]GZ2WTO59/L$SML_X1)3__V3A"24T$
M(0``````50````$!````#P!!`&0`;P!B`&4`(`!0`&@`;P!T`&\`<P!H`&\`
M<````!,`00!D`&\`8@!E`"``4`!H`&\`=`!O`',`:`!O`'``(``W`"X`,```
M``$`.$))300&```````'``@````!`0#_X1)(:'1T<#HO+VYS+F%D;V)E+F-O
M;2]X87`O,2XP+P`\/WAP86-K970@8F5G:6X])^^[OR<@:60])U<U33!-<$-E
M:&E(>G)E4WI.5&-Z:V,Y9"<_/@H\/V%D;V)E+7AA<"UF:6QT97)S(&5S8STB
M0U(B/SX*/'@Z>&%P;65T82!X;6QN<SIX/2=A9&]B93IN<SIM971A+R<@>#IX
M87!T:STG6$U0('1O;VQK:70@,BXX+C(M,S,L(&9R86UE=V]R:R`Q+C4G/@H\
M<F1F.E)$1B!X;6QN<SIR9&8])VAT='`Z+R]W=W<N=S,N;W)G+S$Y.3DO,#(O
M,C(M<F1F+7-Y;G1A>"UN<R,G('AM;&YS.FE8/2=H='1P.B\O;G,N861O8F4N
M8V]M+VE8+S$N,"\G/@H*(#QR9&8Z1&5S8W)I<'1I;VX@86)O=70])W5U:60Z
M-S<V9F$Y8S8M,C5B-"TQ,61F+3DS.38M9#0T.3=C9F%B835E)PH@('AM;&YS
M.GAA<$U-/2=H='1P.B\O;G,N861O8F4N8V]M+WAA<"\Q+C`O;6TO)SX*("`\
M>&%P34TZ1&]C=6UE;G1)1#YA9&]B93ID;V-I9#IP:&]T;W-H;W`Z-#0R,#)E
M-C(M,C5B,RTQ,61F+3DS.38M9#0T.3=C9F%B835E/"]X87!-33I$;V-U;65N
M=$E$/@H@/"]R9&8Z1&5S8W)I<'1I;VX^"@H\+W)D9CI21$8^"CPO>#IX87!M
M971A/@H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`*/#]X<&%C:V5T(&5N9#TG=R<_/O_N``Y!9&]B90!D0`````'_VP"$
M``$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$"
M`@("`@("`@("`@,#`P,#`P,#`P,!`0$!`0$!`0$!`0("`0("`P,#`P,#`P,#
M`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`__``!$(
M`'T`?0,!$0`"$0$#$0'_W0`$`!#_Q`&B````!@(#`0`````````````'"`8%
M!`D#"@(!``L!```&`P$!`0````````````8%!`,'`@@!"0`*"Q```@$#!`$#
M`P(#`P,"!@EU`0(#!!$%$@8A!Q,B``@Q%$$R(Q4)44(6820S%U)Q@1ABD25#
MH;'P)C1R"AG!T34GX5,V@O&2HD14<T5&-T=C*%565QJRPM+B\F2#=).$9:.S
MP]/C*3AF\W4J.3I(24I865IG:&EJ=G=X>7J%AH>(B8J4E9:7F)F:I*6FIZBI
MJK2UMK>XN;K$Q<;'R,G*U-76U]C9VN3EYN?HZ>KT]?;W^/GZ$0`"`0,"!`0#
M!00$!`8&!6T!`@,1!"$2!3$&`"(305$',F$4<0A"@2.1%5*A8A8S";$DP=%#
M<O`7X8(T)9)3&&-$\:*R)C495#9%9"<*<X.31G3"TN+R565U5C>$A:.SP]/C
M\RD:E*2TQ-3D])6EM<75Y?4H1U=F.':&EJ:VQM;F]F=WAY>GM\?7Y_=(6&AX
MB)BHN,C8Z/@Y25EI>8F9J;G)V>GY*CI*6FIZBIJJNLK:ZOK_V@`,`P$``A$#
M$0`_`#+]<=([0[,I-Z[LW7E-_P`V7G[;[9QC_P`,[#W9AZ%*/$[YS%%CX8*"
M@R$=+`(*:,*=*B_U/U]AJ[NKB.XD19#I'0GL[.VDMHG>(%CT)T/Q.ZI=N:WL
MZW_B5][C@O8_\O._T_VP]IOKKKRD/2D;?:><(Z=8_B+U*W)K.S[$?3_2QO:X
M%Q^#E1?C\^]B^N_.4];_`'?9_P"^1U(3XB=0$_\``OL\CZACVQO<'\W'_%V)
M(N/S[M]==?[^/6C86?\`OD=9O]E"Z?-M-3V=^?\`FK&^+?[?^*^]?6W7^_3U
M7]WV?^^ATWY7XK=(X3&5V7RF1[*I,=CJ:6KK*J3MK?/CA@A6[L2N4))OP!8D
MD@#GCW[ZZZ_WZ>MC;[0D#P1U7?\`)[O#X9_'"A:FJ,MV3NO>+LWBVOB>X-Z-
M]F#(T$9RN17*RTJF.8'SK3F:6-0;)?VY%<7TS$))BGGUYK/;XQ62(=4Q[K_F
MD;LQV923!]&X:/;T[QFEILUW#W=5Y:5!,(Y(VR.*["IX2*E!>*08]/&'5BDJ
MJ2YBBSD=UTVKY?[(Z+9%M@:K9KI^9_U?X.A^ZO\`YK/QKJ*"KF[KZ*[NP%93
M*BTZ]9]];OW3'D9V*DHE+G*["/C_`!Q"1B99V4B/@DL`&V2^)`CN*BGGC_/T
MXHL"K%[:A^6?\W5LOQJ[1_EU_*^KHL'U+VSV)-O:LQ\V2'7NY.R.R=N;N2GI
M(E?(?;TN0K4H,FU`&_>%+43,H]5M()".2:_AKXCD#U\NE4=KM\O]DBG]O1UC
M\0^H/Q5]G?0-;_2SO<\<_P#5UM;^G/ML7]S_`+]/3GT%I_OE>L+?$3J)>!5]
MG7!N!_I8WOR+&Q%\K:P^O^P]Z^MN_.8];^@L_P#?(ZC2?$GJ1;VJ^S[#GGM?
M>_IO>UF.4%^!_3WHWUWY2GKW[OL_]\CK"WQ,ZF_Y6NSA_@.UM[G@`<_\72PM
M[U]=>?[\/[>M_NZS_P!\CJ._Q/ZH!-JSLVP&JP[7WK?DW'!RU[V/NWUUU_OX
M]>_=UG_OD=`%!TMM(_(O*]6G*]@'9L?7NW]U1TI[#W4<DF7FDW-#-,N6_B/W
MRTTBP1ZH`_C)0$C@>WQ=S_2O)XIUZP*U/]+I,;.W^K2+PQHT$T_,=?_0/_\`
M':,ML[=UQ>_=/=A`Y^O^D7-\&WL)WW^Y4OV]##;Q_BD7V=&(I8`&4%>3P!8_
MX?U``N/]B?:3I=T^)'8?0WXN?I>U[`?3D?\`$^]]5)\NLP2X`!Y/X`_/(X^I
M(N/Z>_=5Z@9G+8C;6*K<SG\C28G%XZ!ZFLK:Z>&FIH*9!=Y'FFD2&,7(Y9@#
M_7WX^6.M@$F@X]:H?\P'YW]R_)[<.5VAT^=S[.^/>SZCQ0RT,<=--V;NF"8_
M9YS*UCPI4##8F6DD:BIZ:615F>.9@9O'H,;>&)%5I:&4^OD/\YZ2S/*Q(BKH
M&*^O5(&;K=SZJR'.YG(U4T+/!(DRR3RJ[-(Q2\1*0+*9&D%@X'C]8!?DQ`4?
M"M%Z+&,F=3D_X>D'-75[96B:GHJ<X_'5%.[_`&M5!22O+$(YZ6:>K6ID8"-D
M*G6`@8%+D+I]N```_P`73534$)C[>FG[G.9G(ULIABIJ2E:HJC4Y!8YX_N4C
M2H>=9HO$M1/)*Z$R1L6\+:U#6TGU$"CUZJ-;,V,5/^S\NL>,W'E\'EL-FML9
MG([9W3A:IJS';BPU7)BZ_'YF(.T%5CZRDJ_/%Y(W=!-&`%\FE@`QO=DJ-+"J
M<*=5#D$:6H]>/^;_`#];+/\`+`_G2P5DU-TA\V]_5T61K)*?^Y7>^[ZFBBQD
ME7/+'0KM3?E8E)2C%4].L(DBS%3(R//-)'4F-421BF[L"M9+<=@XKZ?,>?1I
M:W^L".?$GD?(_(^G6SMCLCC<QCZ;*8C(465Q=="M119+&5=-7T%;`X],U)6T
MDDM+4Q'GU(S"X/LLZ,>I#1DW-A<<D_2XM;ZV%S^/]]?W[JP/4&2(W.E38Z>+
M!KWL;VL.!J(OS>WO75NHKIZ2IXO^1;FW'Y4@6!]Z/#KW11*:/_G-',+Q;_0O
MMLVL+?\``K=?%K?['_7]JA_N$_\`S5'_`#]TC/\`R4$_YI'_`)]Z_]&PCXYJ
M?[F;L)LP/=7=M@0;7_TBYKD_@GV$KX_XW(/*O0QV_P#W#A^SHQU*I!Y(`-_P
M#>UN;GZ*.?\`D7M+TL/#/3S!$[\VX)L"1_A>QO>W^L?>^J=-FZ,[BMG[=S6Z
M<[7T^,PN`Q=7ELGD9]7CI:2C@:>68JJF29M(]*#U.UE'+#W[KU*XZUB]\_)'
MMO\`F4=[;WZSV94;BVA\;NOZI9=P5-%E)8:;,8O'5T]#CIJ^F@@IQD=P;JKJ
M?STT4X9*&FB=M)D3RE8R+:Q)*Y!F/`>G32.US(T:*1&O$_ZO]5.C09SX]8O*
M8U-K8W&4T&,IHX:$"GAHZ=*2!*5$'V\<5[+1TT8L58%;FRFW",2$,37/1@8U
M(HO#JO?N_P""O9%74464V3LVDR6%A>,;@QNV8<715*TJ1Z!F)(JBJ`S9H!&^
MJG@"U2O,72Y4:5D-THKXC&OD?\G^K'2&:VR"N,Y`_P`/11Y?Y??<^_-P"KH>
MM=VP2P4TDSY')QT-'CZ.6-!/!%-"WCJ)99&321IDA`L9#]1[5K>QHOQ"G21[
M`NX.G-/E_DZ:]R?RXODEB<<]!CMFY&45IC2KJZ)\1-!71H'F*5U%32RU:PI5
MQZA).%5!94!X)VM_`35CCTZT]A*!08!/RIT_[K_E?;Z3KFIS-+-CZ_L?Q-51
MX]*)<=C$AC\2"BA-3D:F,U+P*ZEY7`68@A5M[JNX*)1VD1]>?;*QDJ09:8ZJ
M4W#M?<>!S.1P>X<=/C\UB*J6DRN/JXOMC%)`H2H@>/4T=D(8OH!!5K_CV:*Z
ML`RMQ\^B=D='974U'6Q?_(Z^<F<VGNAOBIV1O&2HV;F'IY.H:3+3-4T^$S-4
M*^LRFV,76M,Z8^DR9*/!2C]K[@2:`KR:6*MQMPH6>-?]-3_#_GZ-]OF+J8'/
M=Y?YNMLX'4H8#Z@,/S86^E^+V/%_956O1CCK#("0=5N+\\?UN``/I<@7-_S[
M]UL'RZ@RH03_`&B3]!R2+`#FPM<7_P`/=3PZMT42G'_.:N8^G_,EMMGZ'Z?=
M;JY_U7U_P]JP#]$__-0?\_=(R/\`'T/_``H_X5Z__]*Q3XW(6V3NHD<_Z:N[
M2""!R.QLW8Z>>+_\B]A.^_W*E^WH8[?_`+B0_9T9"&,76W))!!*_4$C@W-CP
M?:7I43Y=*&&`Z5'T!4?[`$&Y`M8<#ZV_WGW[K717?F[/4T/Q9[<EI7T//MYZ
M&H=6TR+25[FGJA"?J)'@=ENMK`D_T][4T93\QUY>+_9_DZ(G_*&^.6W,;\`]
M^]E9+]C-;_[3W_54\S0K#(\.U<MCMJ8R)"T[3/#/0XOSHC%M#U#@,5`N_>=S
MY_"HI_A/\STU;,4*H!\3$G_!_DZ'S%X^G-Z9J<"17D6<@L2ZDO;4][QNM[7%
MKGD?X(6)QQX=&@`&.A(Q>UHEI$^UHEM(42)I#XP\H`TD23L`42XN?Q>Y_'NZ
MTHOKTVTFDD!>G*LV;4K#4R"DJZBG0()JF"DF\,;5`T*TLJ1M'&DC`Q@L5U%3
M;CD[;X3Z]563(!`Z!W/;<A`DM"HDBO'*Z71_$CR%8RCK:RDDWN2?I]./;0(J
M=0KT]_I:=`'OVG@QM)2QNQF=C)&A4$$0,^HE`JW)51?Z7M>_MZG6JKZYZUS?
MYD6SL=C^R:;+1TS08K=N,AHLJ^/I8IYAD,549!L;E#)HDDF8QY)P0IB=P%NS
M*JCV;[>YT%1Q7/\`J_U?ET1;@@!5BO$4_P!GHF'460?9?8G76X*2C:3(;5WO
MM'/0R0RF%ZN?:^X\=FXZF:&4&IA#2TM.#JC"QQZ]6KFRR3N23T((Z11422(4
MJ01U]'?&5#9;$8S*F)8'R.-H<@\`.OP-64D52\7D551A$TMM5A>U[#CV'%I3
M`Z/#@D>G7)U`])_J;@Z3_O0^G/O?7NL#KJN3R"/I].>`;`_7CZ_X>_4ZL#T4
M&GC_`.<VLPMO^:([<XL/K]WNK_:=-OS[4#_<)O\`FL/\!Z1D_P"/I_S3/_/O
M7__3L?\`C6J_W%W1I8&_=/=K-8$$-_I'SHT%CI#$"WL)WO\`N5+]O0PL#2SA
M]:=&0I8]4B\$$&]N>/IS?^@_H!]?:7I5TJ8XO2%`]0`O87^@YM?D`_T]^Z]T
M6+YI;)K-^?&CM':]%-'35=7CL95"::7Q1K!C,WCLC61/*;A4J:*G>)K\6<WX
MO[\O:U>.>K**FE<GHM/P'R;XSX"X?;\4Z^''=D=HJPB$M.9WJMX5<U4T,33*
M="5)/B72&$:+>_YO*Q+Y\P/\`ZTB!74_ZN/2BQ2AWGDC"`^<!CK5V%R_E0R?
MH8J_#`$VM[8=2:4Z75X]#_02%*3#"(F)=*AV;0:A=8T5`D6,.#!*ED%P-3`B
M]K@VI\/23UZ&&>HQTE%6UE<U95&H6E$4-3.@6*),?'#4-&I&B/0BJ9!Z`'5&
M_5[MU0ZJJ`!T43=$%.*K(.JRB"1VE4:K_MB0"(%@3:P7D_CZ7%_;+`ENEJ'M
M7UIT3SM!ON*540Q+-'4>(#3J"W=@X]`#W\2M^2!8#_7=\^M,"01UKR_S",AE
M<=N'$T=?Y*C&3/40T4^F5:::"H^[A`65"9H#"\:LI<>A[$?5C[-;!00U!GHF
MW!B@0<1U5[L;>E=C-UX*IKF,L^#R=76QRU$<4DU08I?XB*>JFE<+)'+]N4<7
M%U)'Y]F<B`HP'F*=$\,A$BU\C_L]?25^/N^H.U.A.E.RJ<0HF^.J]A[GDCA1
MTB@K,MMK&SY6DC$C._CI,AYH@&+7$?U;ZD,LNAF6O`T_8>A$#J[O7/[<]"A+
M%]+\,`>`O%EO8V%@H/X_''X]ZZMU$(Y'*W%OI^#>UK<#G_#W[KPX]%"IU'^S
MOY@?C_0AMS\#Z_=;J%_I_7\^U('^)-_S5'^`CI(?]STQ_H9_Y]Z__]2R'XU-
M;8FZA<7/=7=UA]#8=CYK5_7CGV$[W_<J;[>AA8?[AP_9T9:A/*_0^I%`'J:X
MM];\A1<"UB/:7I5TJHA>UQR;K].5O<7`N"-)^H_P]^Z]T"GR/1WZ=W_2KY`*
MW:6Y:5BI(<"IPM;$K1A`7+*7!73SJ`MSS[U7%?\`5QZO&*L.J7?Y?G=6U^O/
MA5F5[DW?B]NU%%\@.T-J8RGSN3IL=/6G%5F.K]=)!5STD\E--)D.&7ZE_5<@
MV47*?K?IBM5'#[.F[=SIJYI1CQQY]&KVGW=U'F)*0;>[`V75I6UT%-3P0[GP
MKU<E342#0$IHZZ221RTC$#^T5XO[3D.O%#_/_-TMUJ1VL#]G1P,>^-?&+40Y
M/':!&L@G2N,H2(!%EJ56VA4?QEM)"E`3R+&_ATQ0XP>@UWW\HNBNJ<%//OSM
M39&%I!))3R5&4W%C\?"\B%]=)3R5,Z:L@9X[,GT$BA6^AMY0[FBQDG]O[:=:
M>B=SL%'SZK1[$_FO=!5^7R>'ZVIMT[ZFI:AZ,Y'%;;JJW!QU:AB[S92B-0DE
M(E@3)%J`47L;J?;_`-',:%P%%/,CJBW<"DA26/R'^7H,,%\I^MNW,C-C<;_$
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M5U-[:O899M3N?4_X>A,4\,(OD`/Y8_R=&OF'!^@!/)!8BUP>+V_'_&_=>M=-
MTG!L-/!OR1_B"1<DW-_?NO=$_IP?]G@RXM_S1#;GX-[?=[I/M4/]PG_YJ#_G
M[I(?]SD/_"S_`(5'7__5LA^-`']P]U?34>Z^[>;?2W8^<X/UX(]A.]_W*E^W
MH7V'^X<7V=&9H%!93J'ZE'%R"2PYX'/TM^/K[2]*^E=2K?5<$6/!O8!FM];$
M<?[;WHDXIZ]:)H*GH..Y:"2MV-F$A`=Q1U/#"Z/Z"=+BWK5K`6MR./S?WXC'
M5HG!;MX]:?GR:^-.0W+4/!G9=Z9KK1-YYY,)L?8=6M+N',[YW'EDJZC&TSRT
MM130P4BUXF966Q2[%TTV9?!<%#V@!R`*G@`.FKFW$BFK,8AY#B3T5;:_QJSG
M5OR.AZNV5LOL;9=51MM[+R;XQN\:.NV*E!5KB\Q'D\Y+/M#`+E<!"Y;1)]Y`
M\FAB/$Q8!2UP);?Q'=#7%"*'\NXT_P`'21+?P+D1Q1N/G6H_/`K\O/K95^--
M;D^R]MY*FW1).N2VU2R8:N>7QQTM=*,=1U`KZ9*IIJBEGFBJK3P.TOC<:`9+
M:V)7"ZN/'HY!;0/MZ+3W+\-]L=D/N.:OP%)N^+"-6YFGQF2IX:N?)U`6GAK%
MBAG95J"U-<S/=$A@C+M<"Q>BF>.A1RN/+'5)8%<T=05^?17<WTO\Q=FT.SL;
M\4=U+UQL]\;KW!MK$[4PNV-O[3W"V1K*@T+1'"[CIMZX:?;R0)]U%3X]7K'D
M+1JH0N^LELU?J`6;YY_G44Z3&*X!5;=U5?0#A^5.C/[4^.?8V^EQY[=DVM5Y
M_'Y**MAW?MK##;51/#02R"DDRF(:7)4E+5RT;)!*\#Z?*&*,JE?:=G0$F,D+
M\STI5':GB$%AY@4Z5O;&Q*2DP67P!BBE^\I*ND,3QKID:>"5'4$LZ!&Y4&]R
M6]U!((-?/IR11I&//_#U6M_+3^+F4RF[JOMG,8REK:2FJMPQ;<\$S_<8JBQN
M5K\+59+[6:DD%9&DE.2\*Z66"(27N4LOO9U8")>&*_LKT7V<%*RO3)-/VTZV
ME/C;@I<!UNN/D.M*?-96""8FYJ*:*<M!."J1A8BDH"+8Z%%KDB_LO%#D=*93
MW#[/]GH>'&E3R!<V'X%N+&W^'X_U@/>^F^H$@'U&H+<@6+7)L/R3:]_Z?\B]
MUX=$ZIU_YS@RXL?^9(;</TY_X%[I_%_K_L?:H'_$G_YJ#_G[I(?]SD'_``L_
M\^]?_]:R+XTW_N'NGD?\SJ[N-[W//8^<%K6X'^Q]A.]_W*F^WH7V'^XD7V=&
M:Q][J2;69!;FW))O;Z_BW]/:7I7TKJ<%5)"B]]5[VO\`J&EK_P!"?QQ[]48K
MUHD`&OITR;WIC4;5S*:&8FDE(L;D>EB"!>YXO_7Z>_'@>J0MWBH].J]NB]M[
M;R&UNSHL]0X^KJL)VUN*:ACR"Z330Y/:.'CEJ5`;4Q<Q&*,<<N>>;BO`#UZ5
MN6#X/ET!>%ZBVIM85N2P^WZ*FS0DGI\=.)9W>.29C''X_+4.B>%XU)8H2@YN
M+W]ZU-V@CCT\$"U))H.AHP_5'^A_:<)>J>LR6\!F\_DLA(0H>>9,4KB+U,TA
MBG9U!'K:Q)^G'FK5<]-HP-0HX?YCTDL!XZBGB3)Q25,9K82)'9DE2TA1G+ZO
MJA6YU`AK:2"./>FK3!QU=>U1Y]&VI>OOX/C*&IQ%!09>CJ*..7R,LE(\,-2H
MF#U=%%*VBHCCU?YNPM'=4M>^RHP2*XZ9UZB032G2-W32T-%2R055-2T=1)'9
MZ>)BH17T2L$82!GLC?4G@'GD7'@1PX'IV/4<DU7JKOY&;MCP-%GLLDI%)0T]
M351"9YF+M!%(D00,C%BVH$JH/T)"VO[<1=1`\Z]5D8`&AP./2&_E\#=F1^/=
M=E,1D$Q,>,K=X-D*G[>`U]3!F]P9#(+38NID"P4Z24$C-Y0A9"W`!M[<NJ>,
M<>0_P=,P']``_/\`P]7>?&ZOIJGK#$4\"-&\<F0F*-+).522ME2GU33#542-
M3QHS.?U,2?;(IY=;F%')KBG0Z%6M_KWX/-[<'_"^K\_CW;IOJ%(O+>@W%]/J
M`'%K<M<GDV(N/][]ZZ]T3BG5O]GARXN/^9'[</U_'W>Z?Q_Q'M2/]PF_YK#_
M`(Z>D9_W.3'^AM_A7K__U[(?C3_QX6ZN2/\`C-?=UC^+CL?.?D&X_P!X]A.]
M_P!RI?MZ%]A_N)%]G1F:!^0.;:D/];<VX/\`C?Z?0_U]I>E?2SI6)!%B?^1\
M_P!1<`^]$5*GTZJPJISU.J*=:JDFIY1=)X98F%KCUJP^GY/JYX][Z80D,-/'
MJI[LVGK.K.UMRQ4U5-283<=-296II:8/HEJZ2HEHWF.DJB)]O57D/U957^@'
MNHSY=&:FH##XL#K#396GR6-DK:*JO&8A4.P(#EHP=(34B$2$AN?K_7Z<>H*U
M\^G?+I5YW=^W<YMK"8N'M#$[D_NOL."ERU8U;4J!FZJOGGR=%C?NZ*%ZFHC%
M7&6<JJV0^IM(!TV2O3"4&JJ=Q/\`DZ*QA.V-NG.U.(VIOS!9VOP&Z,-BLY@8
M175);^-RT[T]%5314PIZ6M>AJO.D;.+IZB-)YL5;2,8(QU<2K4J/B!R.K'L9
MV%+MYKY&=13"D44U9!#^Y!3HBQI#4I"VI9%FD8(8U8!0H!(Y]U#4'=U4QZB:
M<>B]]W[[J*B.:O,I*1*ZRN#([79O\V[J;^/D_IN%`']#[\,YQ7IQ5TK2G5*7
MR=W>F[,=D=NT4VB.4U2USM--'(E1]Q-2K1I)%/9I$D)6_J74!J%N"IA&E@U.
M'265M084X]"W\6.P*K!=(U&R,3048:KSE?\`=Y=5=)OMB:>EI(*"..0JE.(8
M'+.X+MK_``;^]3C]2IXTZO$:)X>,XZOP^.&)&,ZUP@]0>2AIR2U_49(U<ZBO
M]HW_`-O[9`IUJ4U;H=7>PN1]?Q:Y-]/XX^I`_P!O[WTUU'DU`-Z3<$_T!"BU
MP#86(OQS]/?NO=$UIS_SG%E_3_S0[;HTV%K_`'>Z5^EK?7\V]J1_N$W_`#6'
M_'3TC/\`N<G_`#3/^%>O_]"Q_P"-+_[\7=8/_/ZN[/S;D=CYT>H_XCV%+[_<
MJ;[>AA8#_$X?LZ,I2-8FW'[B$GCZ!C<69;EB2;>TG2KI4PRLOJ!L?P+`\?4<
M6M>U_P#B??NO=.-/5&X5U+$D!6^A^EOT@?4G\_CWXF@ZHR`\,'JLC^8-/+@:
M.AW73P)(^*TSRH(D>2>E:*<5<2K^H_M,Q`7DL!8CWI2'8`=*8Z^%4\0?\'1,
M-L=D;;QFSDW#39&;(8MJ2.ICIJ8.'^TJY87*3.;&'PBJ0%F`U,=*DGTG9!K3
MSZ=\1?Y=5W=A?(C9F9[!2KIZ=(,/D(:Q9Z>&G?#23U2YFGQ\58]='`M9.9X9
MV:1'72J1DD<ZO:A89-!/F/\`+TF:92XQ@C_5_J].G;:OS`W/#69N*EIZO-01
M;VPVW]L8W&T]#C:+`4#8YUGEQ<@AB@I:NH9Z>9IF0.[.R2%"0&VULM%J14K4
M]:6<G53(J!_J_E\^AGJ_FIGZ&JJ!DL_7T<<M*R0T=1BZ9V2I:N@B9#!#$C#^
M&J9D$=BSI$9;<GVTL!(P.G#*>.K)Z$'<_=&6K^H,;E<O4R+59]!"UH#43.)Y
MYH(B%BIY'C:7Q%$9D4.P5D8BY-`O=0<.G-1T#/'H@N5J3)A-PRU\\U'74<N>
MG,U0JNII986IX:]V=T%(M15()M*L3&-7T!6ZA15E&:8Z3FM#7C0]&4^-6-=-
MM8G&0*TLE16HR1D0^3]W)5<9#_;ADUQM%H^NKT\^VIC5V)X]7CX(.ME+J''3
M8K8>!IZA?&Z4%,A4V%M,,:D\J?R#^>/;?6I#5V(Z$1R#]!P>0>#SP+_3D^K^
MEO?NJ=0IC<M=0MR2&4I^D>D\7`'J-_?NO=$YIS_SG#E_I;_0=MP6Y_Y6]TGZ
MZO\`B?:H#_$V_P":@/\`(])#_N<G_--O\*]?_]&Q;XW,5V-NLV!'^FONZ_\`
M4'_2-FR>+C\#\^PG??[ES=#';_\`<.'[.C(TS$E>>=8L3^D>HG_8@7_V'M+T
MJ/'I3P/;ZA;&PN;*3_7B]_\`B??NM=3P>;\!@;#C^G]+\_GWZN`>O=$F^;>V
MDS77E75%%D,,*L05+:UCD9'%BK?V'(/X(]Z.".GHS4,I].M:7>FY=R=98#.[
M?PF6?$O45V*H*+)U<BSTB8?(M)%%0PT2")ZFH%3'3&GCL%3P&S-XS[5QJLCJ
M2,#_`"=,R,4^$T^WIZV5TGDXZA:FKJNK-QUV2:6:#(;@P3!XJ3)NE=+$59YJ
M.-)95)9`O+6&H@#WIIB<#4!\CUX1\*T/SZ,8_34^.IFR&;W;USMRDI7I)(,%
ML22AQ63*T](D:2X2EC@DI*5(A2QK/*\18H%!8D6#.HG`J?MZ?T,H^(#[.FCL
M/9W46,V1D9X-I4F6W9-']X=]23XJOW>U37652:FN@:H'F":/(@@`2^A1?W9'
M>H`:@].JM&@4U4%N->BO[E[II<GMO:6,I9TQL4D<==CJ>L:2FEQ\^&:?^-4=
M7)#+(@I<9F7FB6RLK17*DD@EY8F#,?3_`%#IHR*=(!HQX?ZOET@J23)[MS"[
M8DF66BS%5'JR-`ZF&'`AY)IWJ7ECEBGJ&2K$@TAT>K>P"KS[O0(NKS'^'Y=5
M[G;3Y'J\+X*=-X_=66K,_64!AQF+R-/B,)#'3^.EJ:K%XZIR.1E6,1E&;3/"
MWI-P\AN!<>T3GN%>/2@T5*_D.KHX(HJ6GAIH%T10Q+$BA5^B'1:W^W_'OW3/
MSZPR-8W`N+#5:WX*!2#ZK_\`&_>NO=0Y&()6[-ZC8AEM]`!P+>K@CW[KW1/*
M<M_L\&7Y-O\`0AMSFQ^GW>Z?QJ_U7^/M4/\`<)_^:@_Y^Z2'_<U/^:9_PKU_
M_]*Q'XX.%V1NNX_YK5W:#8"]O](V;/!((U7/Y]A.^_W*F^WH8[?_`+B0_9T8
MZ!Q_0_5>?\/Z@D6(O?\`QO[2CI8W#I_IIU(`M8``&]B?H"2186]^ZITYK,!?
MZ\G\Z>?J+`+>]S_K^_4KQZ]T$W=6`7=&Q<OC[%F,#@`#43^G@7Y///\`O7O1
MX5ZVA(/#RZU?N^NN\GN;!Y.AP>/GK]X[8R%368>D\E0HEIZ>*I;*4\%)##/K
MR\\$,9I*@(9:=T/C*EM050OI(+&BG_5^SU'5ID)4BG</]7_%=%XP>!R'8'7-
M!5+NG)QLGCFGGP602"JH9)I?\CQN1C1Y/N)(4+1.)&#&YDD8@+J<9A'(:(#T
MT@,L8[S_`*O]7[>A]V%\=-@;;QD>8S>X]SU]5BZTU#0Y7)O"/(62>A>IHUG,
M>1I\@A,1@FB96#2-"1<@M/<.Y(T@#Y#JZ0JE,M7YGI+]^;^Q]-U%4Y>DAEAJ
MZ7+U6%#32SQQ8G(4M6\M+Y/L:ND2LIS1T\L4$H=1]R0%>,Q77<"'Q0/*G\NJ
MS,$B9@<]5V]>YX[@VIB-OY%$I(VDDGQM:B3-/#7SU?FE:96(L,B:VK:H<R2"
M!8X(V17U!S&0!79^/KY=(8FU*%(^P_ZOS^RG5T'PX^-O8?>>6K*W`X@X?8^.
MJ%-7O>IQL+8>A>JD@:88](Q1+N"NIH*DA,=3-Y[DEC"CD`LD-,5ST8!@HSQ/
M#JTGY)=4[5V5\8.Q]@;9ERF"Q6W]A[SW939V/-RTF9IMXX7'5.Y<5NC^+4!H
MZJ'(T6X\335"O"RJL<"1BXB)9E#22,_TA_/!_EU8@%)*\=)Z#G^5#_,)Q'S"
MZ3QFS=_[KHIODEUC0#%;ZHZ^:DHLKV!BJ)O'B^Q<3CT2G6I2LI&C@R:P!C!6
MQO*X1)D]J;JW\"0T'Z1./E\O\W2.VF69.-7''\O.GSQ^?5K+-<?C^TP%S;GZ
MGZVM^?:7I3UA8W8\'Z_G\?0WO^?I_O/OW6QQZ*%3LO\`L[N7-Q;_`$(;=YOQ
MS6;H_/\`L/:H?[A/_P`U!_@;I(?]ST_YI'_GWK__T[!/CJ]MF[LYX_TU=V<7
MX/\`QD3-WO8W`M]3_3V$KX_XW+]O0QV__<2'[.C%TSGTWOR1_4WU,O/&H$\?
MG^GM+TMZ?H92.-5A?_5'Z_\`(+"_(_H?I[WTV>)Z<8I5)L#_`,%'T)^EUO>Y
M))^GU_UQ[]U[H%NWOD3\?^G()*'N#M_8.PZJI@CD7"YS/4YW%-!4L4IJE-KT
M`KMQS4DLB669:0Q7!&H>[!'>H123U4L!0G`_U<.J;.ENT>K.W_YAG2^P>N*E
M\C@=T[FW5GJNOR>.-%19;$[/V7F\[70X^AJ[5$L=5D8J:)S*BCQR,+7-U<\)
MA$[/C_9_XH].23BH5?B(_P``_P"*SU,^<OP3W;T+O"KWQT5MS<62ZCWQFJ[(
M9_";+P[YF3K[.3C+9&IBJZ#7%)C=FY'(RPO!4PQ5#1.LRU,BQF(>]JP;M>E1
MPK_JX]-JU::1D^GKU4*WR0J,%7XZF[$>MQL$XI#4X_/T58]13C'5=1315$5*
MD3R--#'4K*HD56CT*R6#("H^FU#].A^P_P"?JAN-%/$J/MZ!3>6.[_\`E5NZ
M?:/577.]MX8"NKEEV_4X7;V;A&XYEKJBKJ:NEJ:^BIHLO(]/7S3E(8G"2AM`
M\:>WX1#;J&D<>)Z5K3I+,9KDLL:'PO6E/YG'5^'P)_D:;GPE;3;^^5#TF.PT
M4$%1C>L<5E):C/5*5#-52XC/Y(*]/B<"E4(C4)#*\M2(P@"(%/M--<F0404'
M^'IQ%CA\ZO\`R'R^?6Q.FU-I[$V_0;:VKMK;^T]N8>F2DQV'Q5+'A<%B*.-"
M`E!04ZPI&KK%9G/^4RZ;R,.;HSCIQ&9FX_ZOMZUS_P"=_P#+3&]2='U/36U,
MNT'8G<L,M(K8BKH_N,%L2BJ<:V;KJV"-HJBEI]RTU1)CJ5UCTS@3$$+&=:JQ
MA,LP8K^FI_GY=:O)O!@T@TD;`^SS_P!CK4*ZG[/WYT[V!MGL_K7<V0VGOG9N
M4@S&`SN+J7IZBEJ::16-/4*D@^]QE;'>&JII`T-3`[1R*RL1[/I$1T*..TCH
MBCD:-U=/B!ZWN/@C_,>Z3^9G7VU4_O5MK9O>WV4>.WAU'E\Q0X[/5>>Q],YR
M.9V315=2LFY=O95:*6L@2D:HJ:*G;14JC+J8.W%O);D@J2GKY?M'G^SY='\,
MR3*"I`;S'G^S_-U8@Y*,0Q8,#;3^GU7]0-Q]>/H?I8^T]>'2@"G10:<K_L[>
M8-S;_0?ML_3\_=[J.G]5OU?XVO[5#_<-O^:P_P`!Z1$'ZY,?Z$?^?>O_U#]?
M'F73L[=O/T[K[L-_K8'L;-_G^G'L*7W^Y4O0PV^OTD5/3H>ZK+X_%T<F0RM=
M1XV@@CDGFK,A5045-"D2-+([S5$D42HB(68EAQ?_`%_:(UP!QZ7<>'1/NT?Y
ME'Q%ZIQE?49#LM-V9:B641X'9.+RF8JJJ>,L$"9.:DHL"M,SK8S+5.H'(#`>
MW8XII"-,9ITVSHM=3=4`?*W^=9WAV4<EMGJ24=/;,K*&HI)_X#50UNZ\A&6!
M-;/NV;&TN2Q$DL>I/%0^`:+W9CZO9C#8CC(26].D$MXHPG5:W60WAV/O!]V[
M]S><S^;ST[5BY#<.2K<OE&IHXB\60KZ[)3SU%4GV[$1)(647$EKV]J)2D:Z$
MH*#IN#7(VN2I)]>K,?Y53UW87\V/J%]NM)_`>J]I=H9FIB66..-<70[(J=K5
M<0B#_OR5FX=UT\DFDLQTW;Z<)Y5"6AU<685_P]7U![HT/:JGK<C[4[1V1M-J
MW;LM30YK=AQT-;+M>*1VEI*>O2I-!5YN:.*J-#!6K1OXUTO.VEBL9`O[*W('
M$=*XHW;N`HM>/^;JHWM?XZ;-W%GLANC!TM'M*NR57]Q61PXK^.;9CED<03M'
MA:K'U-=A76HIYI'!K"D@42)"=95:ZJ4!K3I8`#YU/V='H^%6R-C;/Q\N+I=N
MXK$]@14JP5>8CD.2GW1AD19J;(8JO>AHGPXJT8R5&#A2)XN2YD16(N,GI-<!
MM*U';3]G5B`<I22-4%0`&:UU>QC!UW)/C9P+BY_;A)L-5A[OZ])//HI7=_8.
MW=C[>W#O'?N<AV[L[;6!K]R[BRU8)I:;$X.A@EFK*VHIHEDDKA3T\;_MZ-=2
MUE86"HU*,S*`,G`'2N/2%U8^?7SK?G)\DLQ\L?D1OSN'(ZJ:AS%32X?:N)-5
M-41X/:>#A%#@Z!)ZJFI2&G025<W[:VJ*EQ?2``(;2$0QJOGY_:<]$5W-X\K/
M^'@/L&.BETU++R&B8D$MS&');2.`XNI;FXYY_P!X]J20IJ:YZ82F:].E#D\G
MA,A19'$5];B<E13?<X_(XJKFQ^0HJB())'4T5?130U5+5QLPTR1NKH3P;^]=
MK@@?SZW72RE,'J\CXB?SP.]^F,=A=F=YXZ3OG8-`N,Q=)F:_)18OL[;.(I6C
M@FE3<1H*D;ZG^U#,$RSK422`7K$&I26S[>C-6,Z7]/(G_(.C*&_9:+*-0]?]
M7'JU>E_F;?$ENR<Y\IUWAND]<1==[5V-)C1LW)_WY3>U14;Q>#;#;?\`)]D*
MJ6EII*I:C[S['[="?-Y/VO;`M9_IWAH->L'B/1L].F>/ZE)ZGPO#8?S7'7__
MU2H]H_S&^S>E^RNR.FNJL+M2'&[(['[*RV[MT;CQ%?G:[(YS<V]L]D*3!86E
MI\SBZ+'I08UDFEGF6=G-ET*'#`.W%NLD\TC,:EC3RX8K^WH66<FBWA2F`H)_
M/(`_+->JO>Z_EUVEV9---OS?.X-X5MJG[:++9*67$X4S7/CQ.+A:/&4C",\-
M'"@C"^D"YO9+9!0@#J\EP:8Z(AN?>^4RS2H\\MG9Y)2TNN3F0'R.Q)U-(?HO
M(`!/X-U@4```=%TLK$@5Z@;=V\]7HRV1C$M.T\+4E//K\-<$<+KD<W;[**4<
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M_5GHK>!W[V]V#N.BINA:#)1[G#QY"*OIX\A#_<W'RU4=#0YL9&&-?X?`;4V-
MU&*FB9Y)EAN2@;>:]>9Z@AP,]7B8/<V<RF!^WW4F)H]W8BFQ]/O&/#+4C"O6
M5-$U;09#"G)0T]3!B<T$EGIXI#(:3PRPN\CQ!S>O'HN*TX94\.M5C^?]\U2<
MCM_X>[`KYC7U%!B=]=UY*DK=,+8N=JN7:'7TT=-6&5A-+'_%\E!61@R(,<X'
MT++K&$$M,W`8'^?_`"#\^F;F0JH@''B?LZU2<GI$LMY&9U8<M"+.NJX'D!U*
M`201S>UKV]G*BBY&>BIO//7"AB0N2-&I2^K3%(SW`/.@LJWU&PTVL1[H]37K
MRB@ZP9)O%)2"-FNPJPTC0I"FD^`*5">H$AN;D^KW=*_X.M/Y=2M8&F-5U+%&
MBL"`K,P4.S7Y1OW)/K_C[U3\7KY=6QT9?',W^RI;P%^?],G6XU7/T_NWVJ^O
M^E_\+^V1\;GYC_`W3C']&(^=7_Y\Z__6I6^1]#UHWR'^2;9#<_8<&2;N?>C9
MV#';%PE510UIKP:>*AJY^Q:.6IB3'^$"1X82S7.A3<>RAAWMWGB?+YFOXO7H
M2PL_A1_I"E%KW?T13@E!BG`GHH%?C_CQIE^XW=VWIOQIZ[V_;Z'_`#'_`!E&
M]KWO^+_7\>[`>C_R'_076BR9K%_QL_\`0'20./\`BQ>3R;N[AMK?7_QCO;OZ
MK?U3M'A?]3?\?['W8!J"CX^P?]!=-:H/]]#_`'L_]`="MM_']!_:8;P;M[*-
M)]U0_8?Q/KS;X&O6GV?W!7L\WI?-:VK_`!_L^VV'Q4?/^E'_`$%T^C873$--
M<5;_`*$_P].N1Q_3/WFX/XINWM0U^BI^_P#)UYM\$1>G5]J(^SS"8/'_`)NU
MAI^GO0`Q1S3_`$HX_P"]=:9LFL0^?<?^@.K+/Y6-'IV-W2/C9N/ST/\`$<`=
M_/V;LJCI,E]M_`=P_P`/7%1T6_JV/[7^#_Q/RL&UW/(N$NEO!!JC\=WU4-*#
M[/Z73MJ9M+?2QIIKFK&M<T_".K[]W4OS\.P\N*C.]&KMG^##S-1;4II(Q1^6
M;F%)=YQAF\UN`0WTL?U>TM+*F'DI]@_Z"ZLIO/$/;'JSY_['V=5[_(.B^3AR
M&"_OQN3`(HQE3X/[H[*H9,:U'JROE_B7V>_XD27Q^>WWFH^.W]GWZEE7XWI]
M@_Z"Z4@WU3J2*M?XC_T#T:;XK4OR<&RZ;_0WF^A&C_B<W\>_C&UM.Z#F-$WG
M_CWVN\'IE6WCT?:7H[>/Q^K7[L!95'>_[/\`H;IB4W_XDCI3&3_T#T.4-+_,
M`_O?G_)G.DOXR:>+[W[C:K_PU(M./_@GD_W^.F1PYA^UU:6)$NJUS;5++4>Y
M_P!G^SU4&]T)I2/]IKY_T>''AUIN?)[']>_[,5WC_LPF[^Y#WE_I-W=_I4,?
M7.TE@.\?XK5?QHXM<7VDV.7#F>_V@I2813Z-'%O9K"/TX]#GPO*H'\^[_#TE
MD9=<FN+N_P!.?Y=G#[>B_5N/^*MQY]V]V?H73]MUWMP+XO1I_3V@5M:WU_QU
M?GV[1_X_Y#_H+IAFB_WU_P`:/_0'46/'_%#3'?=W=VG0NGR]=[=TZ+FU_'VA
M<B_U_/\`O/O5'\G'[!_T%U[5%0?I'_>S_P!`=1:S'_$772ZMW=S:M$FCP]=8
M&WTC\WD\_:7Z_I>W']./=E$F:.*_8/\`(W7BT'G$:_Z<_P#0'7:X_P")>I]&
M[N[?KZM'7>W;?K-_T]H_HO\`TX]Z`?%''[!_T%UK5#Y1?\:/_0'0Y4%!\=A\
M?=V*NZNT6V:W:/7S32MU_@US$>:7:W9HIHXX!V6Z34$U$\I=S)&T4D:`)()&
B,=0&HW?WX\A\_P"E3ATXS)^E^D/"[OQGC5//16E?E3K_V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>p17039p1703901.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 p17039p1703901.gif
M1TE&.#EAX@`C`.8``-75U8^/C[*RLN_O[RDI*</#PQ45%8*"@KN[N^CHZ#X^
M/AT='=#0T+V]O0X.#N;FYG9V=M+2TFIJ:I:6EM;6UCHZ.@,#`S(R,EI:6E]?
M7T!`0+6UM=O;VQD9&9.3D\;&Q@D)"8:&AB4E)::FIE-34[Z^OJ2DI'M[>\S,
MS+>WM\K*RL#`P)"0D*VMK1$1$7Q\?(2$A&1D9&QL;&)B8F=G9TM+2R`@($9&
M1HF)B34U-71T=#<W-R\O+W)R<EA86)B8F$1$1*FIJ6AH:%!04&!@8"PL+$A(
M2)^?G_;V]F]O;_S\_$]/3_GY^?[^_L_/S][>WN'AX>WM[2,C(_#P\-_?WYN;
MFXN+B_KZ^O/S\^KJZLG)R:^OK_7U]:NKJ^SL[.3DY.+BXOW]_?'Q\?+R\E=7
M5]W=W?CX^/O[^]S<W./CXZ"@H*ZNKO?W]^7EY:.CHZJJJNOKZ]C8V+FYN?3T
M]&YN;DU-35145'!P<)R<G,[.SIZ>GG]_?\3$Q.#@X````/___R'Y!```````
M+`````#B`",```?_@'^"@X2%`D>(1P"%C(V.CY"1DI.4E9:7F),O%DN9GDHK
M2SL6?J5^(%(Z'YZLK:ZO@BP.4A.PMH-3I`ZWD0PT!J;!I@M:O,;'KG/`?@NK
MR*P#I0Y1SX1RI*4B,4D>"$E)1:4&6=7EYHW1IB[DYY54I18IYM>E-B9*C%<L
MI77M_I),=$C(E,[4B4=K"+3X]Z?@D7)S%I0B(>``-49BI/BQP=!?`D<9_%AH
M@$E`J3TV1#YIQ$3BCHOM"@[YPP%1@R-04B3:B6B$SB-=)!4H!2$*$#\B5A9*
M('%FQW(,%AA`T*A&*1?%+*DIM<9#J1Z-V``#48(5F@!HT6;(L*1MD0L*_]K6
M6.`@F`,0\$YA$V8*FP4;#AP8B-#(JQ\4!>KZ<5/(RXQ259Z6.U**3*.MV9!8
MBE$*Q1@"IY02NI(2!%5/&/BJ7LVZ-5\'%_@T.E%*P!9310J%*,6#B>1JE/VX
M6%3H#.A2M28Q\%"GE),_.DI9:7340O),5EVSML"#1XP,&+Z)'Y\$`A48WWY0
M6?_1T9Y21FZ7RC$HR@U2!A[\!F[*3J,*\!`G21*F@+!2!*40``4CP9'`BA<Y
M=&!#=S60\$)W/(2SV@[E<`"/!*:,\`<4(2RSP!O[54.!*=,P4H`+&U5"H"G/
M-1&.`\\5LJ(?G;!RA1E7.-+$`'"4,$$&&I72@?\,,!G3!!YYE6('&<OX<0$*
MD\31A0<"ICA)07[HP0@25ED@XB3O2?.%(%:4$D(^*3G09115H'4:*U\@X(1F
M?X1D00XW2D#8,0QH-X1HCI@AP0+X03!H(U[0T%8,'I0E&9@B\$E(%:7$0`D-
MIG3`IQC`W,!($SZ4\I`@*`"!C0,2:"H('TD$X`$[+$%0!`@.0."&$\V!\`8<
M$Z1D@Q6R7H)&!2P,LH$,>&G7@1O)#N(%9\(,UX@8"@CSEPT59.!!M8,HX405
M,L10`+F5A''<?(QD`:,+<DP"JBDRL`,@"%T*4J@?+PC21K3!'$"(&!VHLU`C
M+[#F@#-1X(#7#>Q*DIK_!>`YL%<'5?KA0'<$^T'`"HPH08(I-AP!A`$60/!'
M'(@R04:G!QR!`<CP,C+%'8JI(R8K/`1C@3.$[./'FY)T(8P-!SC10BDS,#*P
MR']PD9T%=`P!#XJ"@!B,L'\HH4-6N92R0`<A^^'!($V4`*,!_5(RHS`:I&%&
M&3NP2-48*&`K4@"#8`'!;J=L8(8@8,B6BW6$$&[J(#`H9ADA(RQ`L`5U)"D%
M*V6#$-)&1`LBGZ>2R,=7M!;(8!--1TBT2V(BM_&'/A,),D==(!0@1()_%`J"
MB+3Y00,39HPQP`!!E%)!(5!894/HE`Q`!@]2+,%-!+X)\L2[C\].0:JG`/['
M_QK!R-"(":4D0<@3,%J`HA=DD&)!$O@0DIT?!@CP11PKC!4W)6+Q`P\^4PH@
M-`D.I<#`))RP#`NDS5MWZ<L3#E"*#`P"2J>0@!,>4(H:_.$,%Q!)`Y@0#CM0
MH"X$Z$,AD+`,EQ&B#,`P(":0,``JL,$16EC&PPB!!")<91&8*87X"D$'D02%
M;0WS`PF4X#476"%[A.@6/.`"&-YD!1-]*(4"_E"`92Q!4^FPH"0XD!(_2``!
M6SB`1%9C`1*DQ@\]F%$%V%%$%DEQ`32H`2E`L*`V_2F!C;A#*4!P14%L("4.
M.D8*HJ6M083A!H`TCBG$6`@?6F`ZA/`:!M)@"L8P(O\!"5M-#M#`BN`,Y`].
MB)8-LL))'H7-";AB!!:D.$0LO-$405C/@K*0`S]TX)8$2,`&EB&"C@E-?1]\
MEQ^.6)Q>XB]9;7)`Q5H!`%,00%8;*,4%!&&84RRH$.0[!=*^8`5L5,%T5A#-
M%YR`@U`*HU<H.%PAE##-07`AE$,\`NH4H(<`E$("7-#`*;JWPNP<Q)$2,P4-
M"C$!U1#L`DHHPP_6:(H<R*%^?X!`,'+$"`H<IP(-T)0`@,'16W#@#@0CZ#O\
MP*$_(`%\PH,3BS1F"@-,`8%]<4`1:*H:%]B*)(-@0@%:@`$'+.!+V2@#VS:0
M)*&Y82BF4."I&NH'-12B"7G_^)P4$(4$@:Z&`*04!!,2X#<>O*`!4``*&<4Q
MA4>4H:F!`0*CG&.,!`##`66T0``TDP!(^L%@@LC#<6SPJ$%\0(I"JX'LFK`%
MBKY3!"$P`E\L$)C*6@`;1Y5$$GM$""C$(&0D^`(8WL790CR@"R/`*`\]P`,\
MJ/8/92CC,;DP)@_`"!YXL4`("$<?2'C6F!ZKP&M?@3X_%*$*RW!!"$[@3#X2
M8@/1`FPAP%`%#.!%!"2H`FT%T00*G*`&&-H!-PJ0!B4\05?:$<Z='A$1Z;`$
M`=_E@02\(`@$*.D'GAC2</^0AU_8!8I7+8`$NF.`!=P@"0P`PZ(*Z0@FH$!7
M1FWC[0C::HPZMF8!)F`$@2P0F4>T@0H`OD08XI`$\+X-!-R10@P@T)Y(C`%&
M#@@K)<*@!A6(H1IMZ@L.)A$%+!3BQI7@0@*PD(9J0"&$K,G!_YI0`!3L]QE<
M&``;QM#6,UQB"D<`@Y<:P8';7J6>6ZX$$R*`@`-D(&BF>,&3P\QF6X0S1&WF
M!1L&@*V6QOG.MT"",@F`YUL\(08+6%N?!^V*$EP.483V1!A\G.A&8R<8UW&T
MI"==#B]0U`9@IK2F-VV)+7A9'IP.M:@Q<06-3H31HTZUJATQVE*4=M6PAO4*
2M(CJ6-MZU$V``0BDV^=````[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>p17039p1703902.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 p17039p1703902.gif
M1TE&.#EA,0)5`.8``*61#9^?GW#"K#=!=V\1$?OY^?.:J!@8&?K0SK^_OT=)
M2PE1,/B-C"U7C^@``*>RR?ROJG]_?^E9=%^V>PD=68UO56]O;\W-S>;FZJ^O
MK_SJZ=K5U>(>1]0!)A(F8]?:Y/:_RJ<*"(65M?UP:41IFQ$P651&#/U22_XQ
M*O[#N^=VA&5WL6ASFM\`-/Z">_@,`X^/CR$R:X@'!90.*=P/#4I8B5HA+=@<
M.:-_:/Y!.[60B,3*V]M'641M3/F_`*^HFEQ,2/YA6'=A2'DC1X&`@%5VH]RS
M@J]&2;6]T9&?O.OL[JX/*=HQ2;3"M:4C-?Z@F?X9%/[EWCQ-?PT[EWJ&IOSO
M[OX0"UY?7M_@Y)^HP3$Q+KUR<6-Y9(B6BJ:VJ'5Y<W].7?XE'[RJMQDYBGTV
M.Z*'C!([DG5G:<[3X%EEC_'R\X^-AJ"7K,6JJ`TOBP.&-P&1<?D4/OK=WQ=&
M@H"2?)25G96(GYN:E8B(A[@B'`H^?__,`/__`````/\``/___R'Y!```````
M+``````Q`E4```?_@'^"@X2%AH>(B8J+C(V.CY"1DI.4E9(6F)F:FYR=GI^@
MGAB6I*6FIZBIJJNLK:ZOL+&RI@<1)104"A&X%!8UO!$QN`H6P`,4-C/*R\S-
MSL_.!Q>SU-76U]C9VMO<W:4':<(4`VF\4L>XX;A24KPUQV<&\O/T]?;W]D#3
MWOS]_O\``PH<..D`KACH*-3P@,O#+UP#Q'F0PA`7E5=7]A'<R+&CQX\@0PXR
M2(%%.5Q9T`UXP(L%BX8[*E+`@U&CR)LX<^K<R7/1@1HQ&,;XQ;!&.PH./0A=
MB`LHA7@,#$2=*K4JU:M6LT[5U[.KUZ]@PV8[D$1<C22\J)STD+(I%5XB_WX-
M:4&WKMV[>//BM6%3K-^_@`,+)D02*2^9AAOR2HQKKM['D/?V'4RYLN7+`TE2
M>8L4#3HI:"J*6'$0C3@*CB.K?LP7L^O7L/_B"46[=NT##",:'J!4Z3&API12
MK$BDBO'CR),K7Z[\RA7;T*-G@A&[NO7KD+2$V,Z]N_<,X,.+'Z]CR_CSXO.$
M("M."EJ++Y&67<>90I)?%UU=(<D?5_\89313AA;^%4A!?P<:>$4`&>"@C`+8
M12CAA%J\X,>%&&:8X2,0C/`("G[\5-%0YB3DU#A'*21,?JU<L=B++PX`0@<T
MT@A"0C#FN$X6!<BAP@TT`C'AD$2^5J&&2&+XB/\+.7P8(D0ILE"1!R<IA`Z5
M,H$AP99<=NGEEV!^:8..,,I8HXTXDLG+`%G\48`!9W8@9)%TU@G8D4DB^<@)
M5CA)DDF\9!'4.%FTM!82,J6VVJ)VC:GFFC.>>>.CAR51P)M`UBB!!E?8Z>FG
M7>&9YX:)5)'"(%#X<>H?*12@"(@B'L240D<EU=!#*J+&Z*YUV7`+I69*FF:.
M,8B@QA\&,'&F!`@(TBFHT$8+DJBC7KC("2<@@,"%(V@01!B+P"I">R(8"A<Z
M-<1'`16_:!GFN_"*F4!;:@9;XZ1DQD#%*"#PL"P"KBHA`H32%FQP0-16NT@0
M?D"1PX5A@(A"N$_V9IC_1!0$IQ120B7&(BM7;"&'P*>5&>F]PS;$`AI_(*#"
MF3Q`X*H:;1%\\,TX:Y/PJ(NXD.<)%/_)F0<[J!03?`V9EA9&2W3`P*54(`9I
MG/B^F,8'?U3Q<HU,@##(`PG9G//8=7X0P-EHIZWVVFRW[7;:!UA8K9**/)&G
MAZ^&"-S%O7D07,8:!U413?HU3:,!!:A1W]3"OE@#%FXR<.8-7@N"1,D4:/'V
MYIQWCO9D9(?N30!"A'#$#P&4H/KJ,=1Q!'<Z2+'ZZG5DL$4(>:0Q^^Z\KWX`
M#7/3G4@*>3(0]`-FL82+"/%Y@'Q3Y:(D%P?45V_]]=AGC[T-3DQNP!\8J#O.
M_\EHNL,RLIEVP`0$@R"1<A_PQ]_'`0#4;__]^.</@'?\]Q\"`180G0#[$0`I
MZ"`'*(``%HJ@AP;J80YH8)@?K(``$CA0#T5``P*"``477,""%PRA"!L8M^!9
MZQ#&^T,4\L2^/Z30$+#BS4$2HIMU5*2&XQ"&HGBU&ALD``+^XAKB=B"E\5'M
M&#5`PJ62)<0J6`Y7,))?_`[`ARI:\8I8S*(/',#%+GKQBUX,00`'2,9MI&X.
M5%!!!S7P@`8T<`X?D"`%0=B`)*CA"6$X`022,(<1^E$/(/R="?V`B!RPKP!R
MR]`+FH6`/AT"5I2*I*YXR"@?9HT!Z>L`#T!0`"2\@_]\'0`!"WCT!Q!(H$8W
M8(`3_X"&(I+I`%*<7Q9G2<LM@O&67Q1C&7>)C=0UL`%BR$$.6D6%!\;Q0G/$
M(`;D<`(H0``);OQC".=`@@9\0`0-**$)":$M03Q,#G]XF(;"$(4"A(&0*ER5
M($"DA3JX\YWPC*<\X[F%>-DS7C:(@1T%\2.8-0L-H*R<'$Y)HU2ZZ@]8$!^9
M8BE+6CK4BK;$I41UR<N*SL*7#BP"`ZPP@@)@@03'G"`"BK"#/[B`HUB(IC1%
MJ`1"["Q/A%@A"E(`HAQ4P6<::M((+I2"$ZB*$"!ZUD9<A)0V12Y./-!`0*M`
M4!JIX*!J4*B:&$K%ASXTHA+_O25%+<I55V#4@0U@`P=;50`Y-BL%8<@!"%:P
M4C_.H:2#>&F2"G'.#(W`;AJZ*Y)6N4X_")4@5\C`!P9[+$%405N(14!`Y9!8
MOH)OL)"-K&0'"TLI5M6JM<SJ1,?8U<ZJHH`D"*UH29`$".3@"54P*P1.\(0=
MK&"THE7I'ZFP@X,J00L.&&0A?*HA"6:HF>,L!(B``(+B&O>XR$VN<I?+W.8F
M%PA.N(%TITO=ZL:INMC-KG:E6UGY71:S6M0L+K?JV?*6(@!;8(!ZU[M>%[B`
M`2#RPPM&P-[ZKO<,;6V@&M"@!A%H,WB%P.D@?RM</Q"`D@A.<`ML8+@X.?C!
M$(ZP_X0[T-TI@C>SX@4C><UK)S6@Y\,@#K&(Q6.!$`QXD$/(KQZ*V8`5"'*;
M@^CIB3,TTX/^`40V4+".=\7@"?OXQSZN,/R^>V&(9EC#"ABQDI<<XI9R>",7
M8*B4ITSE*DO1Q#.>6XI5[,#_SBW&64:2"P8!H@/O^,R1Z3&0U\QF&@FYH46^
M(E:/[(`0*,!S>,XSVA20@"=#V<J`#G25`["!0ANZT*:"`#.1F0)M1>'0D"XF
METD(/!@+`@)AQI`+;#Q<YWKZTZ!V+G2WB]WKDOK4V'TSD>,\YR-O&!L1Z+.?
M!Q)E0=OZUGTH@0A)((8@)+"LR$1`%+ZE`@9.^H]>5A@AGO^0JBR/&:A^[4A@
M(SN(`B166P%-+#@'@8')>CNRJHXS%EN=X5=?(]:SIC6NUPUH73MP#B)@0!B"
M$`4,J,&LM<7C">S0Q[86`80C?#&`"_&$1`X2;]#^ZT"N4((8#`4);NI7!X!T
M@TT&5.+2E<"V=Q`.AWO\XR"/0;C%;60Z=]'<UD!WN@-2:W:[G*'N!N0%<N#,
M/T`SI',D`1:\904#&-N/H\$"!HI`A7Y?,-D\,P3Q!OSL`@,!'U"/NM2G+G4@
M9"P)@I`X*K]72JH)P@#I4X$&!"$H25*5Y"4W>9TYJPV5K_P?+7^YW.&GZSD\
M@`%^"$(5,.!&.)H5A,9"`!10(`;_V5X0ZX,00<`K/7"E&WQ4+RRPF=%,^;W4
MP54(4-;6784!*@04XD>MT5/)CKD<G1WM?""W>%%^B"BDX/5RL'$IW/[V?L1]
M[B\O`14@@`(KI*"_[\9Y!<'Z@`*<=`1)$*$U";$#P^L!Z3!%!*;GUG08^B''
ME<]^KRZ`@"#62)5_^$`Y[(6F&!A5`UN;^.AI)K47G1[MJM<LZP>!`.`JTI"F
MH'WMO7%[W+,;!B,`!?0&31?D=\$&<`U4!!_04RB@`PA8!"(`.>$G`@A(:;J%
M"`(V*DV""#BF/1[X@2`8@B!H`T<P.2H`3JUT0P'U&:2$`$V52F.G!%10>OX1
M2ZM69/&7_U7S-VQS,TRDH']OEP!Z-H2=0P3^-W=Y$`9/@`6*-TW"5X%ZT`!9
M@`$N``5@($)(@`0/@`1^!'US=0CF]`)I%00N\`0C``$,$`0TYP=1P(%^``1R
M$(=R.(=T6(=V>(=XF(=U"`0-QBS@,X.+07ZAA"-)Y"9`)$2NTDJF9X.HEWIJ
MQT6LAP#Q-3=6\`26$`%?0(2:^#82H@L1\(F@&(JB.(JD6(JF^(EG<(1R1P!9
MD`3.]T`B<`1.,(ML\(I1^`!LH`#*UT!0:(&65@B'90B6&%-M^$C1QA%7T#0\
MT"P"DR."6#7F\W7IPP&5@P501`'O1W(YN%F(@`!U-4@M-`D1L/\`Y%B."^")
MIWB*,K".[-B.[MB.!R`A"H<-_:>*MA9SQY:/TN2%>O((P]@([)2.`CF0!)F.
M6G`$7E,`(M!^$+&".B(%D%,`F,0US<)**9*-XK:-X\5VT#9C%2D)7]`#;S"2
M)#D!EA!F\1@A\V@(6$`=K5``%G``!#"3-%F3-GF3.)F3.EF3^*B//AE"`O=E
M_N@D(4`#VV&417F4(2`#5Y``3OF44!F54CF54QF3:>"4.N`$,Q`"6SD#1]`&
M:M!Y-,@X**,F:0!Q&C"1-!(SKL)Q!\*(J*>16L61@N!;)Y8#8R<)$4"2?&F2
ME8"2\L@(5X`'&2!KJ5"87T``F;:822+_`SWYDY#)CQH""?_(")-8+2$0`;``
M`U_P!^B721R@2@J9,C'BD&KB`2OS!P.U+`GY`",'?X^X=H90!5:0:97Y"!$@
MDGSY!GY)"8"IDHN`!0>P`5IP`3#@9*6``3"0`7RFF(SYG!<2`H\)F3X9E,KF
M"+>9-\$3`D2PF40`)W&B`F[R/)'TC*0)(RPP"MVW+.#TFMH8FZ^&=YFV@9&P
ME[O)FR>992F)'2OI4AE`!!EQ`+)7"&IP`3^@`SK0!ALPH(2@!GV`!0IP!<X)
MG8PIG=1YH<_W>$F'G4X2/#2@F:\``P00GJY"GI)DGI)D$<<"`IDD`>Z9D?!)
MEY<Y8R_`H(R0_YOWV9N3\)O\J0@)<`!J4)Q)A@@)<`0T8'`O0`-;L`&(<`=-
M*9,4^IP6JF)9T(L7:IT;V@C9F0@SFB>9N9DCZE3@Y#XI2I;E4Z8>0`6N`G8U
M\J*L%J.&\)SAB)OWB9]_J9^!B0A!F@!70`09H`6'L`%;P'A)HJ022`@%<`5*
M(*%16J'3.4(DT$D8*D*222H<Z@A=FB1?&J(CRBR==(TIBJ)E>A`BH`15,)%N
MBH-P&E//&7F.@*.[J:.2P*/<<`&;>*MK(S:%$`!:@`'#.:2%<`%,8$(O<`1,
M:@@!D``3VJA9-J5^1`5)\%HL4P!%0'1)8*7YB*71YPAY"9`FQ)V;2?\&[,-Q
M#'FBICFJ.](C+@J7L/F(&R8'SUE]KUJGLAH)*(FK^'HV%Q"3HQH#!6F*8#"3
M,T``,@"HB&`!%Z``=U`'NOH'&T"HP9,'HU`("L`%R\JL)^:LD%I8AL"%DUJI
MPJ,*F8HD'[J9,"!^Z&HR1Y2RBQ$#$)>J%R:7&L:15="J>JF;?9F?,W8`YDB.
M/?"OH@@&[SBT[T@`1&`!'N`&2KNT3-NT2KL"I6``<3"U4VL#BN"K!:`%ABD(
M2I`'698''"L(&=`'%XNQ@Z2Q(X1XAF"+^BB3,TD&-`FW;TN3>`"T!"FW!("W
M>CN3(.H*,*`%"A"X@CNXA%NXA7L&0)"XB7O_!H;;N(X;N/O!KN_IKG19FXNI
M3G2:HXD0MHB`DG#PN:`K`)4P?3/VH4CKM*C+M%!+"E)+M7%@M8N0`71Y!)F&
M`X;`J&8[8V@[3495"$J`K?E8`G,0`[VS.EI+E<B;O,J;O(?:"EBPO-`;O<FK
M`.MV@S&[JH0@3F$&!>*(LR5I"!Z5`16``S]@HX+@N:#[N:)+":1[8C1PM$F;
MNJF[NI;0NE0+NXLPH`D`L0-&`WUQ`66;NW.SNPY$`N=S"&K`1]0Y!VZT`XKW
MBG-@L%UU!=7;B#*;2W39OC,6!.)(KX9P!Q50`4(@!")\!\T[".B;ONL["1H\
M2.][NO*+NO1;"?9;_[624``5P)A;4`@[$,`"/"H$W$`BL`,?P*!*@`8/`+SY
M!4>U=<0/,$(1[%D4C&O6"UX7'$9T60#-EF5SBIO>.Y*RJ@0X(,(D7,85L+7G
MJY_IJ[ZC&V8O'+\QW+0S3`DU_+J2<`%#P)AY<*R"`,`_/&!!?$%%4`A8,*D-
M]`"$T(M1W%E3?&M5C%E7?')TZ4)AQL$=K+F$@`4DC`-`@`,CG+A\)GLI'+IM
MG&5O',=..\>34,?X^PA)D,?!XP!+,`1.0*@OT`:$`,`OL,N\W,N^_,O`',S"
MS,N!G%&"(`(05\B3VKN"0*TBM,@37,%QB;V[1:/%>+.8+`@_\`5"<`="@/\#
M1B#"6J`%!W`%HJS&:[S"DM#")G3*J*RZ4>NZ=AP)+#``P3,$9C`%^CP%`]`!
M&++#@W`!)K`'!%W0!GW0")W0"KW0!0T`CRK(?-=`^V+(#X0!E^*QSRS!7-7(
MMO;(5A7)D#C)GJF])O21>NG!@_`#=/`%"K`&0$#&0+`?NCK*;,R^;@R_[PS/
MK"O/K>P(:3`&_CPJ`[#/1#T&2W`A/)#+`\W03-W43KT'#MU6#6!T@$31>I`%
M#4`"39C14BS-[:IVK.<M)A0&)HW-L4H("6`!$0`$/Z``0'``(?P#!Z#1?T#3
M<*#.D<#.'HK3.?VT\>RZ/=T(-<#/>>(``V`&^4S_U/H\!KF5U`&]U$\=V9(-
MU1Y@U9;]0'1=41PM:!Y]5=0,O@RPQ4AB!4&P;95@GV?]!UV`!5S`!4"@`#^@
M!2$LVW@PS@Y;6':-UY"@UW/CSGVMRI+`RI(PV/R<6QG2`4.MV(J=QX[=QY`]
MV=#-T`!``<5;W=9]W=A]W9G-2YL=:/2C/^"=/T0[WNL(0(P@D3E@N1>"`B-P
MS9?XQ?C9!`I`!UW`!?/]`_H0`12L!1:P!@FP`$Z6VZ5<NGS]VW]]OY*0!OL\
M!D-``S0PR\H=X6;@`,W]!P(=W1B^T#X0WO9C`M+[X2">`*"S2QL0XB:NO'^Z
MO%CS"%40!=UZ"JB=LTJ@_P!:H`1TT`-<@`%W<`=&<`$',-<)T`-")>`V;<H%
MGM/`'0G"3<\1WN1-[@0`[=P9/N70;0+[9QE!VA&PFK-_X`5:<`5-D)L](.0_
M,.;.T01<T`0HC,XJ/.#N>^3OG.20L.20D`2)[>1X/@5#@,N/3>5^_M16?N64
MD>4<$>/?*PA$T`,LG8D;<`%8D`%70`=!S@7(2>0L?-,P;.`[#=AW/`=YGN=2
MP,<6_MQ_7NH('>B"+AB$OA%;?NA_H`3V':%7<`9$<`9K#0/UK>9KOK-K?-=N
MWK]PCLIR_@AT#@DL\.EX_C&C;NK,?NJI/ABK3A"&#L:YW`-:8.UY0`8*<``*
MT/\#7A"G;$[*14[@F8[D!V[#DI``=X[L1?V_I-[LIH[JS_X7T3X0K4[MA*#C
M/>`$9'`$`'H&=+#BA&#IZXSI<&SNFX[@BQ``G5D(Q\[NBJWL?W`%[P[O?R[O
M\RX6]2X0TVZG#5H!;8`#YKOK)W8`O:[;'&+P?>W7"8_N8(@!-:ZUA8`!4@#Q
M^RP%G)L!!U#Q%D_E&)_Q8+'Q`7'O'F\(G'L(!)_7*K_RP^X(Q8ZH7[`!L(T'
M\W@!G@[QH6X(Q*`%'-[U7O_U8`\`VPWT7:$&!P`#:)_V:K_V;-_V;O_V<,_V
M"H#2OAGN-7WI1E[N<7[N\WP(#"N<6%"<AG`!-8_L68__K`G0!Q'0!U=0BH%K
MMY`OD&3O%P40^99?BOO1LYJ_`'2_HW;OZ^/^YGHO['P?V-4F#0&@!']Z"$K`
M`F.`YV-`!4?_!S6.!3_`G.8;`"XY^;Q/"?]=I\#/Y77/Z^G\ZRX<[''<](WP
M](60`(":$<!J"!O@^LJM+Z)."#`06`&4`==/"+K?^^"?[IP?_,%?KY"0]+N]
M])I>OSR]"%J0`5\0H+,O"!@P+TF0!%EP`?,//@<`"%@*=W<)?X>(B0$PB8V.
MCY"1DI.4E9:7F)F:FYR=GI^@H98)"V^FIZBIJ!.>?JZOL+&P!W"UM@*=$+*[
MLC1$%AYNPL/$Q<(KH`9QR\LV_Y,76M`;7TJB6$09"AL'6)*+HN#AXN/DY>;G
MZ.&DJNRJK)V\\:ZTMK6XG+KRO+[`QO[$R#XI8Q;'V20%=3)D&`<C080KD[ZE
MFTBQHL6+&#-B6M>NXYMWG/3QHE?OWJ9\(F/Q"_;O7T!/`YD9E(0%C[D"$0I$
M9*2QI\^?0(,*1<31(SN0FU+*(GDKEU*5OUBV-/:R4\QF0[WQS,JUJ]>O8!,5
M-9H*J::GL^K9<XK6U<JI_JIRNEHP@-V[>//JW<NWKU^]5[:&'4RXL.%QI!8H
M7LRX,>,>?_^&F$RYLN7*3-?B:^LV*ERJR0C&F4&`=&D"IT\?(!*AM>O7L&/+
MGDW;]?^%P[ASZ]X-"4MK(L"#"Q\NO+9QV5H<*U<+QZ0FE&C??@886K1UZPIX
M:]_.O;MW20J8BV?N/!/TI]*G'ZM^O7V<[-_CRY]//VOX\?B;LVV;7KW<372Y
M1Q!\]15HX($(B@+$&_F-5QXFYRG5WW3_:1*@@,L0F."&'';HX7T-DK=?=)ZI
MMYY`&%ZGH8<LMN@B=T"$*-Z#ET28TH2?59C)A1BN^.*/0`;9%8@R-K499SC"
MI2,F/`KHHY!01BGE1`L66=*(Z/U"P99<=NDEEP/`(.:89)9IYIA@S*#FFFRV
MN>:34\8IYYR<**#<G8^=J:>9%<C@YY^`!@HH`40DL,:>B"8EJBB978C9*`R/
>1BKF0G16:NFEDF10!PR;=LKIIYYZNNBHI%X0"``[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>p17039p1703903.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 p17039p1703903.gif
M1TE&.#EAT`*L`^8``-&S8[F+$\O)Q,"7*^'.F/#FRL*:,MW&BM:Z<\JF2O7M
MV,G%N;N.&;6%"<ZN6>;6JOKUZ>#+E-.V:L:A0;N;1[*!`L.TB<6YF/CSY>WA
MP?S[]=K!@=B^??W\^/?QX;F6.>O?O^C9L,6?/\BD1<>]H_+IT;V1(/KW[;^5
M*/OX\+VB6<VM5=[(C<2>.>/0G>C8KLJH3>74IN32H<&M>-2X;K^F9+>)$;R0
M'>O=N?7NV\RJ4=_)D=B^>?3LUK."`_'HSK:&"\:@/>W@O;:-(]S$A]"Q7MG`
M?;Z4)K6*&^[CQ.K<MM>]>/;PWO/JT^G:L[."!.S?O?OY\MK"@\C!K;>(#N_D
MQKV2([2$!^33H^O>N>_ER+2'$MO#A<^O7,RK5/OX[]>\=/#EQ\NI4+>0*]S$
M@K.%#.?7K;B)$./1H,"I;;.$"K.#".O<LN?7J,.<-NS>MO___\VL4O/KTL^O
M6N7EY?[^_?[]^]B_?_/KUN;3H_/KU,*P@-_*C]O#@LS,S+*``"'Y!```````
M+`````#0`JP#``?_@'^"@X2%AH>(B8J+C(V.CY"1DI.4E9:7BT\]<)R=GI^@
MH:*CI*6FIZBIJJNLK:ZOL+&RL[2UMK.8N;J[O+V^O\#!@P,@=,;'R,G*R\S-
MSL_0T=+3U-76U]C9VMO<W=[?X-S"X^3EYN?HOF-^[.WN[_#Q\O/T]?;W^/GZ
M^_S]_O\``PH<2+"@08'I$BI<R+!A+Q4"#DJ<2+&BQ8L8,VK<R!&?PX\@0XIL
M6*.CR9,H4ZI<R;)EP)$P8\J<6:G"!9<X<^K<R;-G3YI`@PH%NH6$SZ-(DRI=
MRA3>T*=0HRH<$K&IU:M8LVH=*+6KUZ^\*%3=2K:LV;-+P:I=R[:1"K1P_^/*
MG;NQK=V[=O?0W<NWK]][>`,+EEKTK^'#B.$.7LR89ID%B2-+GHRTL>7+(#]0
MWLRY\TG,H$.GT^RYM.G37$6K7@UL!NK7L&//8TV[-J8*%F3KWGW:MN_?D,I,
MX4V\>&3@R),CHFJ\N7.ZRJ-+_S#VN?7K6*5K3UX2N_?O2;>+]_U$+_CSZ%V.
M7U_[9OKW\#FRGZ]Z".3X^/-+I,\?-)+J^@4HX#[]%6C96P,FJ&`]!C:X&((+
M1BBA@Q3B99.$&"I8X89ME>%>AB#BQ^&(:B%Q7X@HHD?BBEY1E^*+W[$H8U00
MPFAC<S/F.%0:-_98G(Y`.C:<CT3&%N21,:UA5/^13)J&Y),BD=;DE)M!:>5'
M+E*I96)7=LF0:UN&^9>79*93@7EBICE7F6R:H\:2:L9Y5IMTCF.BG'B25>>>
MP&29YY]-\2EH+Q0`:FA:@R9Z6VZ'-OJ3HI!:PJBCE*H7Z:62;'%BI9RBA.FG
MD-S9Z:@=@6IJ(X62JFI&I[:J2(VKQGJ0J[0>@J:LN*96ZZY_O)GKKR_QRJL:
MFP)KK$?"\CH&@,<V*T^RPJ;J[+3Q0"ML=]1FRXZUO%8PI+;4<LMK&7""VZRX
MO#)G[KGH[NKGNK^VRRNV\.8J+Z^3UBOKO;R6JZ^J_.XJZK\`!URKN@2/:O"N
MTB;,Z<*[@NEPI1#O>NO_Q(=67.L:Q6+\I\8'?^OQQR#3NL[(@)9<*ZPHJZER
MK3RV+.?+M"HI<YPTURSRS5KF;#*S/#/I,ZT-!]WDT+2R;+2/2-/ZX=)$-NTJ
M$D]#?:/4KFX!M-4H8NVJ6%Q?[76K18<=XMBNYFLVB&BWNL;%:T_8]JF:QLWV
MW*>.T;'=`^+=JI1\:^CWJ3$'GN#@IZXAL>$!(GYJ!?XR'I_C>>\L^7N4GSK$
MY?EE?FH-6W..G>>G*BWZZ*2#^D35IZ.>^J=;L-[Z<Z^;BO#LUM5N*MBXYZX[
MJ*;WOMOOIBXN/''$@UK8\3\F_ZEPS"/O_*>`1V_D]-2';GUGV(,*]_:E=?_I
M_YG@OR;^\Y:77^7YF-JG?OCL8UK]^Y/%_VGP]!MF/Z;EY4_9_IBZD/^.`\!+
MN6^`B"D@I@:&0+\H$%/X:Z!B'GBI"$K0+!2\E``O")T,1LI#'.R@!R%5MQ#&
M9827>I<)RX+"2Y5MA5IIX:6,!\.LR#!23TA?#0-U0TCY:H<V["&D3@;$JP@Q
M4BHL8GB."*G"*5$I3(04;IZ(J"@FREM47*(5$\7`+.YDBT/4GA=5`D9(O7",
M+"DCI+Z'1C*J45%J:Z,;WSBH$LIQ)7145!?O:)(\*FI^?)2/'Q-EP4!29)"*
M8J,A+8+(1/UPD1II9*(X!LE(2G)0RZHD1BZ9*$!JTO\@G$R4$S\YJU`.*G*D
MU)4I]T2N5)9RE7SZCRL+`LM!\6Z6P:HEGPJ)2P;I4E!Q[*4^?CDHV0D3,,2,
MY=Z.Z<MD[NF`S$26,_=TQFA6:YI\&J4UGX5-/@5SF^[H)I_6H$-P^D&<?(*F
M.<.)SCT1<9WM:">?Z`5/>683GO&T9YULAD]][HF?Z_2G.\6(2X'NR9/'-.B>
MZ!E-A>[IF[UT:)VH!DZ)UDEKV[1HG6Z94(W2":&I]&B=($I*D=))<<PT*9WL
M6%"5MFD,Y:RD2S\JS)G2"70MM6F9WI93G9)I@R7U*9M@ZDJAMNEV,C4JFQBZ
M2*6VB9=>="J;GH!*/DJ53;'_T^15V814JVZU3"`=XU>7"LFQLDF1434KF0!Z
M1[66"7I>=:N7PJI$N8(UKG;M$@VSF%<R]:^-??5K3'<86#*IDXJ%)=,[$9M8
M+T'U@HTE$UI7&%DO`;6(E?72'FN86<TNTX2==>P30RM:S)*V2\;DX&F[E%7"
MKO9*Q'+M:ZU$5__-MDO51.!M]0K#W5X)<I3UK97@JEKA6FES(33NE9)H6^5:
MB:GY<ZZ5IBA!Z5ZIJNJSKI4VFUWM0JFKW?7NDQZ+._%:::_@,Z^52,H\]4*I
M#`3MG7NAQ-WVSO=)M9W=?:%$WLOM%TKH%=Y_G]3*]`X82>0T\(&/E$GK+?A)
MN3W=_X.?I,WR3AA)J17=A9&T/`%O^$BR]/"'@\31UHT821$VW(F/1%W]KOA(
M[.7;BT'\V<#-^$C@5?&-26SB'0<)NC+V<9!B'#8A!XFM.C:RC@X;9"7KJ,%)
M=G*.@%QD*0.)RE:S,I"0O#8M;SG#2_,RD*#<93'KJ,1<,[..*H!EGJD92$1N
MV9MUA`3LNGG..6(IU/!\YOAZC,\ZRB_&`*VC.$^,T#GBZ9X1/2-*AIG1,R*J
MT2"=(T'_B])3GC2F9Q3@0V]:1E2]\Z=9-(3!7GK4,LIQPE`]H_YFB]6MEC.L
M901F>,U:1JT=]*U9%&)/[WI%*0;7KV7D:F,-6T:3U=:Q6?]48((MFT5;,/6T
MGLVBQ=J:VBNR-+"PS:(**YO;)%+TM<$](BR.F]P<8G*XT$TBY)J+W2LJML+@
M32)O'XO>)+JLL_!-(CVSB]\<JJ^]`#ZB8*^*X"22=Z,03B)#=XKA(^JPL2'.
MH=C>F^(<TK:C,%[PBW-\0YV>]\<KI.^#CWQ#Q-W7R3?D;I6OO$+,??C+-Z3P
M-,U\0RTNV,TK5&M#[9SE?L[3SS?4:YD/G4(UI]+1-]1FH2^=YR)_>H,L3C&I
M4TC@>+)ZA<B<,:U3J.DV]SJ%[#TSL3NHV3XWNX.XG'6U.RCF+G.[@]",,[D[
MB.QALCN%'%XDO3M(XG7WNX&P/B7_P<\]Z$PS?(,,'C7%&RCG8G*\@_@.(\DW
MB/")MWR!U'TTS1N(\97WO('`'GK1%RC9-C*]@=C>>-7WQ]^M=SU_N!Y[V=,G
MZ0*R_>@+K_L"V3E%O2_0(S,??/JHNFO%[P_=@9_\_N`>/LTO$.5S'WW^Y+KT
MU9\/[.^6??HL'T/=5W[JP\\?U/>-_/11@_D;AW[Z/*'&AVL_?23-??FSQ]H1
MLC]_2#\Y_=,'[_KA?_3!>M0G@.R!!-(&?08X'\<G(@LX'\]G'`]X>_DW@?/1
M<RIB@0?X>^FA@=J'>*[C@>,!>B$H@N)!@KYC@NNQ?M>A@NQ!@.?A@NP1;0$H
M@^N!?QEH_X/CH7'-HX/CP7\2Z(/CL0;3-SQ".![`A3E'.!YZHX1+*!X-B"-/
M.!X1R#U3^(,Y>(7:47*THX7B08,QXH50"(+F(X8G&(9FN!U52$!IN!TLB!IM
M^(4)6(9QJ!V/D8)U.!UXF(?1`7?7PX?:$7)T"(C1`7E&2(C2D7*'B(C1$87P
MPXC2\7V]`8G:L88B1(G*88B#B(G*@8'_PXG2X8B?"(K1@7GU0XK288EH@8K:
M`82'P8K2P86<`8N)R(%L2(O)P7FCB(O)X8>WR(O(X8I\`8S2`8"O2(R9.(=]
M@8S1`7BGR(S)@8-<`HW*(8EC0HW*(8P3A(W(H8G'R(W=:(N7"/^.OV&*<D&.
MRN&+XXB.OH&"&,2.R5&$6P&/RB&/042/P+%]ZXB/M:&+Y\B/R.&.]PB0OZ&-
M1D20R/&&`XF0MC%\^\B0K$%U#PF1JT%[VTB1OJ&*.(&1P;@7'(D<XGB0'^D;
M=;8F(UF.9*A%)VD;UBB2*VD;&ID2+PD<]OA%,^D;:N")*GF3M*&/5L&3OZ&.
M4`24[?B.1&D;@KB31[D:ZJ<G2VD;"19#3VD;].>24\D:TJB45ZD:QL@36^D;
M!CE'7\D:,/@H8TD;)<E#9TD;HF@I:TD;+;F1;UD;,;D?<UD;-5D7=XF6RBB3
M>]F3\-<2?UD;`BE(@\D:A6E)A\D:><G_2(M)ECI9*H_)&CXIEI,I&DUHDY>Y
M&CRX29O)&G7I#Y])EHT)2J.Y&K+X&:=9D8&IEZM9'RDY$:_)&F%IFK.I&J$I
M3;<9&JFIF+L9&LXHF;\I&FTIF\.I&D)Y2,>I&K4)$,NY&DEIG,\)G*UIE],9
M&HK(*M<I&IWIG-LI&G%)2]\I&EU)$.,I&D]0FLATGJ!A;I[)GJ!1G/\`G]RI
MG?0)&KEYGZ*AGMRDGYC1F[GDGY=1=*\DH)?AC]YIH)B1F/2@H*'1G-?DH)C!
MG]LBH9B1G0%JH8U1F02BH9C1G1'JH0<BGB)Z&=%I#R7ZGR'9H"EZ&<'9H2UJ
M&2TGFC%Z&>'9_Y\UVAAAF:.7`:"SP:.7L:+L!*2-88Y#2J2,89'-A*2,@8),
M>AEO^*26X8TX*J6#(9%+:J6#D9DHJJ6-D5]>:AG&&*:6(8ADVAAJ,%AGVA@8
MFD]KNAA*>DYOVJ0_.J>+X6UVVABRDZ>,D99'RJ>!@5%_"JAX`1&#2JAWT3"(
MNA@MMJB+H0:,XJB+<2>2NA@?L`"5NA@4D*F<VJF>^JF@&JJB.JJD6JJF>JJH
MFJJJNJJLVJJN^JJP&JNR.JNT6JNV>JNXFJNZNJN\VJN^^JO`&JS".JS$6JS&
M>JS(FJS*NJS,VJS.^JS0&JW2.JW46JW6>JW8FJW:NJW<VJW>^JW@&O^NXCJN
MY%JNYGJNZ)JNZKJN[-JN[OJN\!JO\CJO]%JO]GJO^)JO^KJO_-JO_OJO`!NP
M`CNP!%NP!GNP")NP"KNP#-NP#ONP$!NQ$CNQ%%NQ%GNQ&)NQ&KNQ'-NQ'ONQ
M(!NR(CNR)%NR)GNR*)NR*KNR+-NR+ONR,!NS,CNS-%NS-GNS.)NS.KNS/-NS
M/ONS0!NT0CNT1%NT1GNT2)NT2KNT3-NT3ONT4!NU4CNU5%NU5GNU6)NU6KNU
M7-NU7ONU+=0""3"V(E"V9BL"8ZL##/`'5``#$X"V`7`((S`"(C`"`S`,.D"V
M9CL!8QL)!@``!T``#R`#+"`!=ZL(5R`!`!#_MX@@!F_+MS#@``XP`B9@"",`
M`PE`MV8[`@E@`(+0`#!0M@FPMH>0`&\[`A.`"#>0`"(P`3#P!)&``BM`!!'P
M`#&P`V#0`@U0"`9`MW/;"#XP`4M0NS$0`0@P`5>`"*;;N@D0N0Z0`%:P"%0`
M````!(G@N&@;O93``#IP!Q$0`P\0`1R0`+N;"`V0`$L@N%BP`Q(0!!5P"`V`
MNFA[N(;0N\SKO"O0N53P9BQP"JG+`)Y`OX10`)UP!X-``Z.0`X_``Q@P"AY`
M`]?+"1",""<P"AG@!H20`:/``H(`!)X@`HB0`YU``(@``YX`"0#P`Z.0`D1@
M`X.P`9U0`(RP`5_0_PD*``&=<`)\`+N%(,*BT`2IBPA%P`E=D`@5S`D.,`DM
MD`%V(`H:8`8N7`A70``US`DY$`6=X`%&8`A`0,"<8,"'T+^DT`0;P,-:Q@(Y
MH`4@\`!'#`=)\`(9\`,8,`)_<`:>4+F&H,&<@`"#```Y_`(X$,<*(`>-,`!0
MT`E54`0F``0!,`$[@,5,D`@RP`D>D+R'X`&=P`$BH`-8T`D8P+A_X`2=T`1F
M``):T`1,<`""\`2>X+F'4`*=0`:(,`&=$`6.<`,$D,428`!`<`8ML`0XK`%!
M,`@(T`E)H`A'4`6<@`$2P+A6T`<=P`E:<`.%`,N<0`1HF\N<<`*D*\4AP/\)
M,?"^E]P)8A`)5T`$&L`)44`$+7`&0#``$M`$G##,A.`&7IP#U2L(*.`"Z0P'
M#X#'JYP$G<#'AR`%G0`%K(NV/+`)G`#$<P8"G9``7.P)W4P($,T)$C`(#F#,
MEOP(1]#&2W`(1_`%)'P(9]#/<*`#B*``$3T(`BW!@_``G1#2B!#`B.#%<``&
MB"`"G0`!C7`&F,P)$;"_A1``(:`$/C`($M`)()`(#'#$7T#-A8`"5=P!`HS3
M22P(HLP)4G`(,-#$<-`!06P(+,T)$@T)6PT'6D#4A/`$+Z`!23T(+0#6>F"]
MA4#+RVS7@G#1<)#1AW`'(UP(3P`&GJ#2:L;79TW_"#[@"6=P"-_,"44P"#K`
MU)'```P-!SL@SH8P`(E="&+,"6B`""K,"2`L"$;0"1$P").,T8F`Q9P@U7G<
M"9%]"`;0"9&\"`VPVG!0!1U=U%DM"$/,"2&`"%2@S'!0!W1\",7,"5"0P2TM
M"%W0"6%P"&C@"3L@VITPUHW`!3FLO8;P!'XM"#:`!YV0W(;0R9S``IK]V'`P
MVX:PW'!0TH6`WG"0`[VM98A]")Z@UX0@TT@\"`E`V9"@S7#P`Y-0`14,UE%P
MWX*`TZ7]!TO-":HL"`0>WH:`PYQ0T1;="2N`"`-@PXRP!)XLP(NPT9SP`(@`
MPYR@!(EP!54,!S`P"/DM_PANT`EL8`@-H`%@#0<^?0@._@@UW@D8[`AIG=J(
M@`(-'-;E+`C^#0>_70@1'M^'$``[/L%B-N.%L-^'T.2_'>"<X`20<`48#@=6
M#@DC``=0@`.=$..&\.."<`"=8-A_0.#N?>&=H.$RSN$>#N*+(,_I#0DF[L^'
M4`%!W=>*X`*=8.![_=Q_@,"<``"&X`5P8`9:T`DMX..=\.",$`&)_@@,$,V<
M<.F)4-V<(`,QW0E/3@A1+M^%D-8*<-B,3@A:;@A<#N"=@.*/@->O/0F=[`!!
M7N"83MJKG.190`@$GNJ$,.9XONB<T.&'\.&<\.J*8`6>0,^.$.BXSKN>@`**
MH/_K<-#8?X#E9:T%<3T(3^`$=@`#JQ[L<*#IBU#H6^P(?LP)&J#9AQ#EM_T'
MM7[O@2VWGE"^7H;ELF[,(%#P!@\";=SEQIP`7N```*"XBN#H<)`"DW`&)P`!
M^SO:<##D`QSG##`"+Q#6!P#*<]X)!Y``DOOP8ZWLB,#7SK[9?)X()MP)X'[M
MMWX(T=T)#$X(U"[DS-[>#-`"G=P!+@#;@S`"&N`$5W`#/HP!W%X(;LX(5%#8
MC_#9>K`(D\T)=6#)^VX(ZWX(/;_K5Q[K@Z`*"B\*&:`(!*[HD9#+?@W?1M[Q
MH*``%D[AHV#E+'\(+K_GT;X($F_+@'[SAB#BV[P(`/S_W'SM"1B@TUONY(+`
MW9S`!6V>Z8X`[9S@RHT0`YV0]HK@Y1G.Y*B."%]O"(?/"20N90)?]K*=OV.;
M`"O@`)7^WX+@^3UP``<0`2X0OHK`!C$L"6)N!Z1K^1A0[@W>"2YP!P3`!-+\
M\B7_Y0?``@0@`R]0Q(*0]X:P]\\>\X@`V)S0XX^`[8?``3V]"";@"6?-UUAP
M!RQ0U@I0YVP;!1H`[BW0"3TP^<+>"#S=":>?"$T.""!_@X2%?V)PB7`,@P^*
M#H:$$HH$D8,WBG`WEIR=GI^@H:*CI*6FIZBIJJNLK:ZOGB"*"9:90):.B9"#
M"8H/I#**39U03`H8<84Z<!F%_WJ*(X8%BB*#5#FSA`2/G1"*C):RB2N<`XH*
MGPB*&IT`'@H>+H0.OI8`ZY]NF0:#XG"T?Z[\4%2DT+T7A3PH<B.-FB@#F1A:
M0H%!08X"@R(H2O+IGJ(GC;A9FI2HDB5]'V&I7,FRI<N7,&/*G%G('T!#MG")
M_-,KT:]12Q2EZ)3!(2%'30@H)8`MD9.&B:H-`J,H`Y5!VW1U^\;)'SE+YA*A
M\^0E4P!.72C-JQ>I9Z);G:@FZ@#7)B&W&L`UP`&GP%(""A,1@0I'*J@`F71P
M8J"(S:"@8C\=4*3GZ$Y#).&8C,1#40F:H$.+'DVZM&E8=B/EC)0+SBZ>;$6A
M3,3/$O\:10,(!>B0J7>B%H6F124T09&="5@O&_*6"%PDK^7.?6*L"`8G&(I8
MK/5IZ4PFX)UZ*$+8+QNA*-4'%:GC.Q.$W(2$%QXE/I%V2U04R?M3/%$=N)8`
M484B!UBFU4AJ6<*$(HJ=YN"#$$8HX82EI(:3(@`6TMIK;OTDRA.!P6$$)UG!
M`=\?1(@($B%7W&9?<$;](4(FT?Q1XFN1,+=(5XI\%4E8<(SER8")N%"!)6X5
M.`@]W%F2A")@=(*"(AU808B%?^C8H!-P2.!#(4"$H,B(\<4(2HIB'1D)$`E>
MH6.-ECA@1R(>G+@A)YEM5@A$=*Y(X9^`!BKHH*\4E<A-A:S_9H@9.RW3Y"@>
MP1'%69&4")\-O#EWER(GJ/F'?(;-H0@3F_P1S(&6G,"5)8;"X:,A0`K9R01?
M)&('`$@22$A:CQJ"'9V>&A*#KH2T>A-UM/UQ0QUV7&4(DW!X`.-PHMA0ZXMK
M)OA'9CE<P0D>ES&*JB$T:%M(%CT6PH`,'!#J[KOPQBNA?#@.PN:JAO@CP79P
M/$7*$RPH\D.IA5BJ'AS#K(G>H80H$".7B41@(!RX<I*)IM.ZQLF,B4`0RGH=
MG[AI(DIN&YLA%:"IF9^$`#`G'%HX.XA\-[D(1Q(@J=-,)`&\#`=X?SA,K2@M
MJ`J''?7^<:]FA6"AR&"&7-%9(B$$_^M/TH/<8>X?#7"AR`Z>/E$?#?*6;?;9
M:+LR4"(%&>*=(B:PJ@@"A!2A"`9*Q:!$$F&$0L.U)W!A@+=`#/!D(O`-1&8D
MXL*10P.#+)@(#0.,X((B>)Q!",0W$X#&`R#\0,8@3V3R``$QO)!!$\C]L38<
M87@.^@\F]2>I*"O4IP$6+5SUA!52$/N'.HG@[<(#4&B112%@O)R$&)H#,0+G
M+`3KNB(\#-#"#J,R\@0V9%L"A2(QK"@Y'$H0@(49&?PPQR<#R.>$&&=5P,`*
MYCZQ`V_])G#5&3`03@<DP+(GM"H)!)#!"T!0@B4,(GA.<<,`!I``(P0F"A4;
M&1S:E;8.>O_P@R`46I<B@2P364(^=R!$N=KC.%%,0`B<2@((M*`C)ASA#T=@
M#YR>E0GK9&D=$."?'6)0FT&TRC?W65I[I")"WYC$+7`8!0I"L+`H_``$2<``
M>^"``;H-8@,L[$LA*N"`M=6A!"`HP,L40,!(B%`#0?0/#L"3EB]()!)&4,07
M@C`('?D&:X8(P`ZN98<F@"`#"MAB%#80"0!(K@-7+`'_DM"%-<G'-RG\PV2`
MJ",[.*%UA4"3!JP$PE*:\I2"<H`8$N"%(A+"!EV`00(<@+%!Z$`'"=#!'0W@
M`%PFX)>Y=$#;1,$`!QP`"SB`P@-V@(`$4.H/08!!%[R%EE6N`#S_1?#"+X4I
M`0",X)EW<8`L@9F`%3B@=4#H@@/(F0`8.*`+I'2`.-DISP9989W29!DH@"`&
M(\C`"2`(003N((8;%J(%O62G.2L9"10`8`>@4X(+P.`&ZQ%B!2O89A&ZF0!-
MC0`&([#H(!A0!&M*I`CS).<[7>D)'P1A"00P0T!=(`4'#$"?A1@`#78@TQ`0
M0`(B`Y,.4OI+=W:!CW]H04;+Z0``2*";$Y!90^R`*%1:]:I8S:I6M\K503U!
M`W`(05?'2M:RFO6L:$UK$+@(SK2Z]:UPC:M<YPJ:`U"5KGC-JU[WRM>\,F%Q
M?0VL8`=+V,+&BP`V,*QB%\O8QCKVL9`E_VL#SA``R'7B"0&H[&(,$-0_4.$&
M#&``%8!`VM(&@`&@'6D`@$#93JQ64R8X`Q!..\$C!$"DL#(`P7BVVC/4LA,5
ML()L:3L`VUK""J%=K6D9T-9[<F`)7B`E)ZXP@"X@X`XT$$-G"=$`!I"6`=2,
MQ!4"0`69V<"[5&``"B9X`YR*%Z'7E8`.3.`I()@@M*7]+G@+<841T(`#`&B!
M>S_A@PR1(@##U=1JV\JSV78"""*P[ATD`(/=1L(&(P``!P`\`LUUH@%48/"%
M*1NL(X1VM*4],0E!Z]W\ZO<&'K[!:%$[02N(.,2LM3"8SG`&R[(H"#28\`A\
MC%P&R-;%OE7OE_\B"U<^02&\D<@/'$`I+$DAE3AAS,0.0E*D3MP&`X5(`0N_
M0``=LTA5+QCPY1)!GE#X((P0(``X7^<;J/T!!4KP31;B9@@#1$#,<(!`#L`:
M+3[H&$B:X(0)$I'!%;9'"SLL1`*<L+#>8&`)D+-=>SQ<`2E<BU->$$4%$/`#
MWF@@":$FQ9KAT.;K8=`33D-#G)3`O]XP00J1\((0YF2''(3H!P`P\"#P!X<[
M<N)).=AMI7TSS)9EV3SGZPT$(B!5:`V%$XCX&2$J```_PN$$9"K!LQ,Q8":3
M%4@1P.T??F.))S"'"X;HSPF8H*,H*(`Y6_Y#:^YCB6W("@.*B``-6`#_KD0H
M`;=K_;:Q"Z&11&"!%)]F`0(.T!0X>.@/1(+#%W(01S@H*0#B@0`8)I``%\Q)
MNH,8`<#A@(<N#.`&+3C`RG]PY4$@6JKJ0E6DF""!.SB!?U^@<D`.L#`,L"`!
M(E@!"]"C!&_-)D@8J+2')<`>-"1@`A)0B!=!P0+V/&`"73A!%+;;B8;#X>%E
M"K1!^PT'B16""@?@GP<V@'0ON(`W/0#3`<!J!Q>,@`$F\$)K8H#SX6%+T7/2
M@+%7SD4F&`T.S1Z$1R"@@,>?X-X,^T,3]`,&%C!>!N&%5@XZT9,3%6%.0A"#
M""0P$'^)6P,8J+CC/+"P<IN[JXO>6J),&`E'_W$Q6*Q=D:,WTUH;*8*1G)@,
M1AIFGBM4G*&1.%7;DZ][3]1G/IYE_##]P>\K%/]R=MBM!-!.B`B\;`-0_D,`
MUF:'5Y7PP8GPX1^@M?P_1&KTA``"7Q)A!A\/X@A.P`,V1R5@P@`@D6T79P4G
MP&>?D&T:0$WZ8`:DL$E,4RRC(G3:X'&%8`.O$P%+1@@W4`!18@U:,!>1]@=>
M8#0Y@`*&P`>)$`4G6'Z*(`:%($)PT@#DQ3,>]@=@1#*$P&,S(Q(-\#K[,@B_
M(D8;TQPC!587=P4ET#H,X&.K<04&>'MN54+MQPGHP8"%L&J\AR`EP7:)L'61
M,!E54`B;EPAP4B(Q$/\@-<0)7I,(^28*8;`0,I@(0K`Y4-)NWL`$AF`#0,,?
M+],#_D<((]`]A(`L40!_<``GOL<1(V46=P@'/_!;,/=_BN`Q8IA!MB0*:+*(
MET")I!"'<#"'?^`/+)=8D<`]N#:))5!X?\!9A#`LB=`'G`!!%F<(K;$?/\)X
MG/@,0R,*6N.#D7`X<)!JFJ0(,J!!D&@)'$,I3$*&/"%2BF*%;U5"DV,)WE!+
M(Z`!/L-OD9`G8CA"G*`U@I!VV/<'PRB*JW@TBE!SA+".)1,*;(`;%T49&9@(
M(V@("=<!JF@)1]`4'8",D="#S)"(F>@)0^,6YS@(F6!0+4`E7+@8"6D):Z/_
M)Z1@=N`!1@(X"O)8$[U1!6M'")/!0?/'*69F"':3"`EC"0WP>%0F'QU@9K28
M"*T8A,$8"A_Y'.9A,HF``QK4D#_R%H-P*AC9"=5HC6G%&%''*9WE#<+&/3+`
M'#V0DN)8*031">:8,89AD,N(,DQ0!TXC&):PDZ)0CXA3-XH`!?E(CH80!Y0`
MBW^01XD0,YT`)'9`*<@B+4B9C@RY;9G@8=R3",WH"<@"9I8@-"=`=ND0<'_`
M`">0`BE9CL)SBG!P?>BC3Y,1/G_P`N03"C!$EIW@F8G0!H7`>'`@C7]P!H`6
MANBX<*!@EB"9>7_@:+SH%OX"%D3Y!VAY`E5E,1BB_Y1PQ1@@(`*$!@<:4%7>
M4(@OJ0%GH#(FB1G5=R-:F8OH:!B-`X]_<(A*P`#U@0&=)9N@@)9?"#%U<$<E
M\BJ)Z#-,``"%)T+(UPFMN0O((BNJ\85_.8!X2`@ALH^&*1V6L'_(Z0(C&0H,
M($1%\`,08!C"6)FR@`)F!P?E4PB3480-4&L$29&*@($&<3&1*`3\`YZ&P`%U
ML&I*D#&,29G$F"\]N6HTR`LG`RN)0`ATF0@Q$(BU$)S">85P(`A%4&LYH"G>
M$`F'")0)=S-X,IW*40A:<W&@,E)&DP0?*(/[$C#Z&`GB^0GD"1]60&@GVI82
MP``3U`(30$IT!@=90&4-X/\S@$0(!0<'F52?"HF?BM"0:-(!`%%"\O>?B1"D
M)C``!B`"(367ML8#<LD)+F@K!0";L>F@BW`&KU,'=I:,#(5H+&4)V::$=YD)
M2(4=#B"@\V@"/?`#LU%_G[*A8CH`(C`!O\6DE7DEYF$%*_<"X=4AFQI%@W"D
MB9`"4C"92;FC9;5HY[@"6P0'3'`B0[HH=I!JY\."X5A]8ZDQE.FDBD`#$[`$
M"P(!/"!L`9`"$'`5?'*96/JJ6DH0(P`&`(<!/`!E)<)L@]`"M;81I6(%F<"A
M&>-V1P"@P'DB;O$#29=GZ"-=T`('EVH)V)@)UP8$`.L>G`D*3W`^&:!/8`!O
MGB#_FT7!"`Q`FHFP.).Q"T<(!SO8"2H#![970JDV&080D2^X@]N@`U=0D3C9
M'O8:C^1JF8FP!".P!*KB`3P0+&71*S**JX-@,U32D?>YF\!Z5N9@IYF@!]24
MK+IQ:G!A=D9;"%>IBTM*"&!$K;XA!,*6$7#@0(/`>$&5I9Y`GIE0`.EG?"QY
M2`70!.U)"#K@;='""(C&H!:9(+$RI_S:'G90MIF0H@B9"!H``B!0!05P#&IR
M!4>D"-#G"4>0!,Q2F6X"!P5J"+(Y#>!@`R%",8/0L4ORJUBI")^`"2+A-(R0
MAN1(!1IP`B!1:7XB'UJ`106@!QX0@ZZZHK/9&P<7"=!R_W%!RU]$ZYA'"P=?
MF[1<M;2%`!F)4`6,``%Y5PC#4H3\L3`]4$M7JR%9^[G6&;-%\'B_R34G4`<$
M,YAP,*GJ6+.=0)XC4&DXRK:NX@DVL`&=FXLE-+.#$"*MN+><<"_."AN)``*-
M(VN%X&C%9J#Z:@D5,`*->P(B1@A/P`'>F%&UQIEY1'XJJH%EXASQHPAU``F3
M`1`_FP@/7`C$0VZ>`$4U,@W>XC*)8$-_T!ED<GT$(Q^".ZZZ"ZN)P`-;U`$3
M>9)`6P@S4@>1$`0/X#/L=B%(B[QD%9%"^0<+BSX5`+V%T`#H001/)0$T<#[4
M*PG5UQI=;`B7HR>@HC*%20C8`?\!62P!JZ8`FF*VZXL;)?*E!9,NGT`%6%!K
M45`!3^`S&1HUF5"I,!L)INL<#!D`E;9#NOJBTY'`G:`#G7N3EK!"^6:ER'E#
M)G`"'M"J-*N[XJ$I1U!I&A!S_Y"K^P`*AZ@()?P'I)AH?W`"[,`UZ$(R5L`$
MR38(Q@@T-EP*9FL3"_L"U@,M3UP(:<P)(R!NBD"QN[?$3-Q5Q3',T2JA*1"]
M!Q-H$'#-'8>$5EM]-H.^A0!#\7FJ41$`CQ=YG0D''8#-$-":&Y2[&GR6N'$#
MQ\F)\*N>G6``.G(6)9@(X5S$Q@$.N9<(:YMR1^,G?XF+3<`RC.?-!NO(G4`%
M9M>&G'#_!@L#%U?`.1`P`3V``9/9R>_\!]B`,=U()44!$$!0:_2,'SZ#OZ$9
M5H/@'?@'P'"0`GF606(R#NAXPYA;LS;!`(P7QIE:&9Q0+I_!"2GSF4ILO,U<
M5O@SS`T0;>)*"'D6>53@,Q.9O209HZ<IK3%;#2KCP^K2`1W05M#2DNF;P^6:
ME@:I`>"4GJ-PPF=AD#@PT,F1",MC+X&+J$$B:76J?K76;*OV`P@<&:+&'%]I
M":*2")[B?,81OXVJN]L8"3!0K+39TJU&%-CST+4&'A!AJJBI`3)3(ENWRZ30
MR]E0HQX`92J+G`.V#<"+,O5QV(0@NDN-5?<PS(]Y2=0<!'9P_P*%QSFV6,#5
MYQ8G$+)89@>:\J08IPBYJ6\B$F7'640&.8^@\`;V6`&J*]&#$*WV/`C)8`BF
MBY@,(!RW8LR*L,D9XY_<I2ID>(3G.#7H##0#X#/=#=X./0AN\+Z&DM*3N$,#
M4&E-\(^>,-V%`%:_)1<]Z19(`PI'R`1TW0?C<8]"><+31P@JPV^OH].%0."1
M8"R>I2,$L-B)/!$*D4%4<((0I)JT7=M6U1FX?6?'2<U<,CJ1X&BW[-&O_0??
MHQ_BA0UB58/FX7O:IC1@M5WC<W@42-V?<'U2$2D$J\.0QPE5@')_D-B;,0%;
ME`.%YX0S:`@GK`#"=@]1X'_T1PC(C/^F#$<EC.H#/@0D?F@)2]#<D?-[[7#>
M4I4`/H/!G4"!>J*IHTN;?Y"H&O?#7$.]&JODT$1H'L"`'-"]CYF&)^!*C<Y_
MS)<L$UA]]#(5F8`HT?H"A?@'W/,#S^0&<OX',%0'0:5$G,SBI[0-9\@)$T"5
MES`GVW4#%2?)!BF!Q\5X.X`":C(`7(('!E9Q\B<?$!`WD_#FS]HQM6')&:#%
M=T`$$=#/AG`^K?,$9WX"X-`J+R`!8'`'!^`"^T(%'<`$-S$``%>)A5`$,^<%
M2^8#*R`<&&#/5R!].0`#SG(&-(`>],PKVORQC\O#A,L##`@$`"""@Q"N4?!4
M'"`%$'46GKG_`<X"=W!0!WNZ)CK2!`Y@!3<@!D[`SBQ@>W]@R;QX+Y<["!6@
ML8A2`68'`0CP3`$``#W`F17`A@P8`#SP,E4`3L."D1[1SY$BV(-0<2P@`4NP
M`2R`!A<?"22?MXD`?4?N.#[&``N;!"U@63=@!'70`8&H#C%`*3Z01W4`6-:0
M"1W-ZJ4D"Z8:"2L9O>IP`IU0(LJ>C`$\*]&F`3W`''62(SL!KSQ>%+QH""B@
M(_?1KKV1X[-MQW\P`,5Z'Y?4&RD4]`0PRTW`8`/PIDR0!S+P:R?/9>=='QU`
M]CZYUX1P?6!=-YV;!00@!(16(QS#0K<0&!J0!RZ@*E'0L)S@Y)F0_P%6@)G4
M;@@EXB'4P9@@!^B#$';&P08$\`9S4@<%B@"/YQ<WC<X14(@E"(Y<$P5U,)'0
M`O=]%$9M6M>.7NENF<I7^DJ/GP.2<P)A?#@:\`(NL"!U4+6#FY9HKU771?\U
MO@$="0@2&Q)_A8:&;@<;&P<WABM$=QLTAY5_%6(153D0&`5H*Q66?RQ2=T0M
MAQ('=W<'!E)<J:-_`)%21H5%!Z:MK40'E+1/.QNG$X<TK*=`?SR*OJT'!UV7
M7C$_G04N"4^T%0-2+TT>$`I*1`.TAU8<(7H0$#U*'":C(ZR+AVY\QD0KE9[`
M8)%!0:<?3L`8,#3@0*1H4@[L./-G`)<,3/_DA0`38%TE`P2:F,,A9>&?&Z5.
ML;"WKH@I+H0*,9`BQ8K'`$0VJ+/4(%,23AY^/%B"8E0#'1$R]#CX``"#448V
M)+#41=BA`2Q:L:!(:EFT`RR0>2S"Y8Z4F)7Z&#LPXE"??`>>'C)P0(E!#$T>
M(.!ZB($1')QR0.%QA!8#%FM9>ES,N+'CQY`C2YY,N;+ERY@S:][,N;/GSZ!#
MBQY-NK3ITZA3JU[-NK7KU[!CRYY-N[;MV[ASZ][-N[?OW\"#"Q].O+CQX\B3
M*U_.O+GSY]"C2Y].O;KUZ]BS:]_.O;OW[^##BQ]/OKSY\^C3JU_/OKW[]_#C
MRY]/O[[]^_CSZ]__S[^___\`!BC@@`06:."!"":HX(*6/-&"%`2P((%<EPV`
MP`X$+!&$**MYXQ@#`!Q``!<Z-!,9AY,=(0$-=W``0$>7/4&#38>LX,8?14C0
M5B$H2'`%8RTH]@<5(@31@"$F,,#`#0-08<@1";1PI"$,)'#C33L=<H0(CL@T
MP@1.&G)#`A.8R."9:#[6P`]V.`"$`3]H`(!E%;@`1Q@&W'"`'1ZB-@`.#CBF
M@P9?P,!`$1V(Y=@(35`H60)P,($5'#V@2-D3<$3A:!64<`&'!X808!4M!KP`
MQU2%F'#"!A%\T:4,<,0*ASH5$`!!$&9$4=@?74#@!A0%_&@)%7U$@58A_T_D
M`$>@SOR0@!9VQ*2)%TU\44V:V&9;B0TAV&%5`SW4L>-D!\#Q`HJHID8`'#`T
M!D,=3,#X!PIA.J:LF9*)`(<"?_@``1QS7A;K#_6",&<`49SZAPD]3#D*$"[(
MH.R.5`BA!1!'F%L(6-(X,@(<!/SQ<<@&U!'R"G#D4@D`22@!<"7CP*'#'U=`
MT*X;F5YQ!@9!B`P'!-H&G2T"<&0@;"$<P.'$'RLH)$$2&W!HP@M:C%K(%1W`
M<64E#,B@100L`<##&1(X<`08*ZR0!!$P7M%%%5E,(,H`8(C1P@M_=%T`$<VX
MD0$<+B`#!`L%$""O(7\C,$H`$6C!1T=TVZA$#/^.B(%!RH5-774S!H"1P`AY
MT*(OOW\P<>H$8,11"!!@T"Q!%4H4Y9$'"><@+`C,[@`'!E>\H+A'/OP!`APB
M%*(#'#'\T0`<=AQY!U^%0,K"'Q/`$<$?4L#!P1\MP/&#):*`L>PA"4BP+JH,
MV)!WK!W=T,P`L1XM]/P).@''](>(\?,?L`JQ00]P(,0*[+`7#"SM$!_K0)\,
M,8)572%7"TD"R`(XNA5XH0XE\,$5"N"!`!C`#ECPF1)2``$#."%$<&C"2>PW
MHR,PP0E7<,()'/6$K/6L$@%@0A*`4((<-.!C3-C!`^!0@(IX@'@!:&`!D_"'
MXX5``Z2SQ.A\MC04?$K_%$BI0`9.@),HT(@6!;""Z9S@#=P5H@$*@`,:>E`O
MCPRO>'](6LC^$*N>;2`(#IB`AYYP@!*T``MX*,P0"0&_%-!"?,SZ@PVPX(/S
M5:)[WR,?'*!`OTHFJ`!PN$,E(`6'/ZR+$%V`@PS^H`4X%,5E0A(?T"RAK*?@
M3`C"@T,6K,```WBO$$V`0PM">;T_I/$&^NI`$'95"&4=*09P6`@1`OB')<"A
M"'V)598,$0$X>.$/U9R`OK30+SO`P1L8B$(A2GE*.)@`4E%PPQ<KH2\-Y*`.
M5K$3(83@AN[AX`\92]XZBOA!ZU4`!.F20*S&M9@W;@QDA8@50,C0!2-\RDD5
M_]@`!"3P@QS89'B$C-4AQU>(%Z3"D8?P%$&QZ2M+FK1`+B/"RN"0`T\J#%(A
MU``<^$`&(2A@:W]P`!PZ8*D_G$&CZX/#%89G$OCA+98K8`$<-E`(3(Y`7P?\
M@Q40<(`OP*$90U2'RT)`AC8HX%A`B-4L#I%++)"!#0J`@;X>4(A__2@>A9`I
M36WJ!DBAP2.CHP$1.63+`A@`#[6@%!E8H("C/JR(?PC"":P'4$/\]*J.,>@?
M-H!0.B;S$*9:PA_T>H#$%NT/ILHHT!!```+TP1"(+$0+\-`*3+H@2P;`0+L.
MX0`(C/6DN/V/0YU@*3OMP*53@53($B:D0P2@#EK#(?]030`'#<1R)_`S0R'^
M!H-J:O(//R#>6@L!@)3Y$@Y'&IXZ0O#,=>3R=X?(+D&W^X=_)725Q)7D'$6W
M+Q]<+I%Z,!<AB@"'$#2&"HC]@Q=BU8%TA16RC9%L*.^Z/`4>HES70R8A&`"'
M.I`"#HKK7A&'MR_4<A0&LI+5;*D`@6L9(@`>$$-N5_R?`&2@`P&K2!0P\!1'
M@CAD+@M83UVJA#ZAH`*M_(-`F2K>0L!/A17`0!UN$,J0/2$%)V@`>UV&C,L5
M`@>7%=]="]%3G7J@2W\``@.(=D!1L'>QA>B`(?^08R[_0;B%P!4Q"S%%O>8`
M1CR@E"A04`<,3$D4!C##X?+_%N`_&,&;Z7HLOM;1@"H0KQ`WP`,.*L!<O*$`
M5<BLAE*W=V2?=?9X3!V%4IG5`"4Q`)E%:(8-<$``!ZRH&2A(P@%<38,%LOC6
M]:$"F\@@@CUI`4;(!(A.7?`'`WQ!`V!`0`8:1(`Z>*`($W!!#_[@AA3L(`!Z
MZ,&/2CD+^$&`!>MB:P4*X"H`:`":D*+D'Y:9`0*83IDI,T$#,/F"(@C!486(
M0Q0ZL`$1&$%3%2BE#(KPAB>D.Z%P$$4I1Q"`'&J`!0C`&\KT::H;&@)20$L6
M')0`:>V%JF@K:$-1"E"'X@X@DH989KIN$"M\T^(,V4V7&#J@@R5T0)DY8$`+
M.N#?_X5!H`!`.$`=5`S:'IPA!A!HXR$D;(DASNP*I@LQ$*APN1#C^NKW`8<$
M[B`!BU,[`8ZP@I4*084BW*$+#JN$%;K``02((4P@XH`7PA2$!,`(?B`(PA(2
M(*P?+H$&7:K2#:_@``2@8`!+2`40`("`A50`!DN0P#0/<08=@($##J#1%<00
M>9L(_@\"@8$W&$`#"3BB[!SHPE/&="4(1)5*"4"5%6```V']8)TM0``";D0%
M._32N(JZFJ$,007:+YH6/Q2#H]R```G0J`$)6$+C#P$$!]P!`--,``>*D/9*
M3"`!ZU1M`NS1``?`(/8)<$`#J+`"],/``;;&NOROCG?IF/]`#V!NS`28N(X)
MG.#X\Q>``D@>W0,"TA$ED?$``+$.`"`[`_B`$`@>VT0>1X!R$7B!&#@>I>9R
MW@$$@Y:!(!B"(CB")%B")GB"*)B"*KB"+-B"+OB",!B#,CB#-%B#-GB#.)B#
M.KB#/-B#/OB#0!B$0CB$1%B$1GB$2)B$2KB$3-B$3OB$4!B%4CB%5%B%5GB%
M6)B%6KB%7-B%7OB%8!B&8CB&9%B&9GB&:)B&:KB&;-B&;OB&<!B'<CB'=%B'
M=GB'>)B'>KB'?-B'?OB'@!B(,#@!I26(ABA_)B`!$L`!=T`#(R`*.K5*L!$`
M(C`"#F@(ES9Y/C4"1@(D2^`"#^#_`CQP6T:V`?GW9HK(B!)@$G\@!LVGB!*@
M8J0G>2LC`3-S"!.P(O%G"(2'B0D@`DKG("/@<@:0`'.V#@8@`NO$`",PC)5P
M!A,P`II8"3?0C/G7`&<`!-J8/E<3`-HH9A_H!LIX"0X@/X?X@/H"!TO@`$>T
M-"@CB:WA`V#0`00``$R0`3LQ-4(``S^`!UU2`1$0!5VP`QAPBZ,`)W"``V(P
M`!,0`74`38=@)U)0">MR`@E``UDC#.NB`000`TK`!141*XE4"&G$5@\&5*/`
M`#V0"E90`DS@!1%@!Z$F8%%`!!(0!480/!7Q`S&P`A``!0"(B3(E#%>@!$E0
M!"]0!U``_R-@4`(`L"Y-X'6&4`$QD`0Z@$Q*$";=$V(+F#$A-E\\,I2JI00<
M>([R9TN/EF=UT`*0TE*OT0)?D`..4"Z_]0=V<DU$,T=!4`=+$P`_HW20=D10
MP!<5(`73]`274V@71CI0\#/!HU08,)4G$2NS90C916R'0%E?L`Y)<5#30V%1
MX"0-X`$=T`Q_@RJ85!BP8C6'<`4NL%@Q`0-1T!8,X$V4\$%ST@#Y98'$AP%%
M80/>M(`HD`(%4)P*<(L4]@/%V0.=%9&P:0@%\'MF*8#P\VB<Y#D=U@(2$'P5
M,`(2L`(48@`#T'`.T`6'XP8`8)Z&8`-E>0C=98";I31_$`#>9/\/U:,!`:!Q
M$_D'1P21E3!$3&".EM`'1S0K)TDZ=@(!P5,N4203L9(N3559AG`'^W.0=2`[
M+D,(%1`K]K!,)5`(NN-?U2-.0K93'[@Q7(!)UW(%$N`ARI(\%5`$<I$]X#4*
M8/8OO\,`8&D(0"`'Z\`#*0H')@8`=3"-TXEKU5D\W34KD*(`2PH'*D5H&+`!
M26`'J/(O$I!&<'`"ZN,#;6`'!"%,808!&G"*EC``'B"7?[`#=:`X'P,'%(&6
M`."5`5,",]4@,B6=M,`$-'`Y(&D(#'H)>%!>?Q"HT:0PAX!).TJA\'@(#["9
MA2`^T\-<3%`(@[ILV!,IS:2IU!,KP4?_)4X`!)@TDH9P.5%Z"$K5J,.R4[+#
M`,U9"4#`!H8A!Z+*4<46!:USI`%8G5&21B$#*6!J`M6D`=X@08'"`'6@`?9@
M.AA@`"V0`LQ$-'B3,97*JXQA!0H@%"D``**PI.\3*T3PI@N(2?IT%;$28[0P
M`5$0`'VP4V!6+B=P``6Q@(6:*0^@!"#``T$%H7^@J)7`J+1P`BA7`0AP`A'P
M`PH@.S(%GQ3:`6O:8=2F4)8`!%@P<K:*),U57`T``76`KC@$`#RI&"8@!#(`
M!2Y@<3`7`2`0`SJ`(A7;K[:J:]*EJ_-7G5\``5H0:N@D"E[)`%Y)(Y?#!]\5
MI2[367\#DI@"_P=/P0-"NQA`T&P',`$Y@`%M(5"059T'P$GCBCQ2)))<PP#R
M0@!D,"0RA1;E`@%W@`4LM2OP"A8$,&$/6@G^>@@`VR!P`)_%I@%,@`+M&@*B
M$"L,RSPN13HX`P?T:@BD%:&DVDQM:@DZ-4KK8`4L8#H$P!4FP`-/T*YV8!*,
M<P8`D#"Y6@1S-*J'``))L(LTFUM)NDD02V%*>SP(ED;<E$8+.$2==3DED`=Y
M4)SAYQ$.E01'(E`84`$H<[6Q0@-;N;77\P(@T+PF8`6Q@EZ%X#(AI#Q?X`*M
M8#H!9JA#-$/UVJ#[*K<26@AU"ZMW:YEPT#I/D##Z^B^!&YF&6K@CT/\%S0L"
M"``$$&`&I?4O2J`RA0`#)^"Q0\($(=!W]0L":=<`E[.C?Z`L;HFJ^P,$*:"_
MMJ(T_@L"%Y.Z6+>ZDD0ZK@L$`X9@IG-/M%L(0Z1)1S23D6$_)LE)#!`$L4(1
M6SD`+/<R?Y!?K?,OTO0'BU6]AC!$<R0!.3`-!S!$<-`EADJA"F.H5!*WB3J^
M?U"^E=`!_)>TS"*[V/59ZP8'3*17E?H'(`8'5J#$('-@(49$Q,<$37L(3R`#
MAA5F4E<)Y%4%EC`\=F`)5ML`9AQBB/4$27!/&DQ_L0)'CP"Q-8PQL6(35X!H
MW[6`9I!)H+5QEH``?2"@E8"5A3!@Q'H%T%K_%/KSH7^0!7#0G%:U$*;&`-Z@
M5QUP6T"L/">`%D"0,'5IJ.MBH$SLH(@*G5`LQ8<0!E]<`0D3,`O,*Y12"';"
M5/"C`:+@4,LF9DI"!5<@`M(L`FFT`5=B`B#``B+P?5="E3^@30D@>GEC:M%C
M"*)LDB:679@Z5@XU;=$\S=5\S4SPJH',8EO)KY%H9+%BFB_S,:!\.3$Q/)K$
M2<CP0R')+HNQ`AW@`46A5/I438'B*<+@!G7`<=#+FX>@MAHP+O83,OHS9RZC
MM(,K58L%N>N"`>%<!.UB14N5`"L``$X"0$J0`#I0!`M1+G<\"G,`!V&"3"'#
M<F5Z"1Y@!TZB!UY4_P@25!3V(Y66D$;7`F!G3&Q/L$QGO&,)X&?SJ0'B(E4=
MT#YV<-1_T`3V\`2.)L!.;0@@-E+UC%MNT+Q2"0,@P'$5`0(9T!%G<``_8`8_
M8#C3:S"%0``@$!,Z``4:``%5<$TV(`<8T+N6L']5\`(_0`,F<@4T4``/4`!+
M@"(KH`5.$`8[H#[KT`($@`?FH`#;T!8;T'-HG0$@`$T\T+Q:H`4O(`$<\MKU
MFP&==02L7;])\!0/<,`9`!`T0->[6`$_$&I4<`!Z(`,M,U9'$`(9(`0X0$P-
M0#@A\`/^N0XA8$8XD@0'G`2G-0):`-P%$']4$`%A\`),\``F805HD`27+?\#
M.P$$1!`&9E``3D"*A;#=B80&/[!C:QW@H*&N)QH>*/:I`I[@GS$"IV4>%=`'
MK*C@$C[A%%[A%G[A&)[A&K[A'-[A'O[A(![B(C[B)%[B)G[BAE@$!2#7C4$&
MT>E3Q9D*+:`$"("Z*/X<-P`!.:``/)X#1IH98A`#6%"9E,?`868&+E!<5T$`
M2@``"W0$?``%9'")%R?`5*(#TCP!.J#?(\":%=$&7-,'('``/[X.-[#C5FX)
MWD@:!4X<`@6^'A%N</QHU80!QWCCT>&Z&<`B<?$9`?``WC("$*`$PG(%(V`&
M=O#`$"S2HU`NKP4%/EX(?<`$0=!`=3"3-T`#RN+_Y85@``DC*Z^:Z0"DPH3G
M!'6@Z$0:`PQ03?[[(>>Z&$=``!A0YIAQ!#$0F<O172KD&-440E<0*S=B`#'`
MK7A>'0>6JZ&1/=P41PB5+*Y7S)4P`&'0<J,`O:;$-`D99E$0:M5T63I0!S%@
M56F.3SG``V``!BP`D2/0`69P1-O#(U]0`&H[;88`0%.!,R<0&0>VN*R;<Z+1
MELRA4XKI$>4R1SM<[-AQ[)4P`E(0`4L`(^FW@#;0!4Y2C(S1F";I99#V!!2J
MF#:0`S",8)609Y`53$=B`CNAQ#MB$__"[S*AVI5@#VET+"90`1U_",J"#+:D
MJD[KM;SB`";@!8BA#@S@_RD88'J@-P(L$`%%`-IB8#9^T0`MD$=GP`,18&*8
ML/1.GC=&[P".$`0X-0IGT`5=P!)XU*HZ,``.4`1AX@9=L!,HL`(HL/8>@D<T
M,B:P"@#@1L1Q!B%+(!<";Q$L0%`C0`01(-D'9?`&:@#F9\EC%@$L`-,RL00$
M(`7CT@4.T`)N4`H!X`,.$`%WT)X(?QH*;P@$N45;VA%+J@XOX%_TB=`>(4%'
M%4I"-:%H_&#*M\^-'BM.4CUB7`E*90>'T_+KP`"ALPXS;PDW;PAYIEF<I>\^
M_R]9D`+>!`$5<`-V@@%&4!B/;--UL.R8!`965:])$$ZQ\J=V0@,HT`'_;079
M#_\&1X"6$3X*IJ-9?_`WF`D`+G`&R`4("7]_+W`N@SLO!G!P.H,_<$:#"'R#
ME@5P,`-P3"9_.R<9$'`:`7\.<#DO,"=P@G]&<`<F$#E4?P=P!(.,`W]W<`5`
MEI8Z*0H&(QHT?V)V3E0L<'V#/7!"*7:<?*UP6<3@X>+CY.7FY^CIZNOL[>[O
M\/'R\_3U[D",$`H07PQN%7]L,('CX,\5:QD2-&'P)T`4."/,Y?(`Q(<31@TL
M`2M`S$J,/PP8#0MGH(ZK/SP8'0%7`DX1<*,*CK-2P(6<)CM&6E(`1T*XC<2>
M$.C@(@J;,^SP$1R4`\Y'-XS<_($1;%@+."<`8IKP)T/_*B4/_FS`BN(*%CAZ
M_@RHT^'*'RAPQ$P--LB`'3N^RD6`@\.@!C@=;/QQ`:,K'")J1S%YU.5/%3AA
M;6B#\J>"@B#$H,)QZP'.BC__#`XLB*K#+1IPO@1`\=<3`3@(<.GB!<<7Z@SA
MSK1ZY>5&`PQPI`:`8R=B%C@*@)CH`(?%'P#$,]J;3KVZ]>O8LVO?SKV<4C(,
MCAAP.X@*3Y]_6FB+<L,2@[SEJ#R``Z%)$E+$@`YZ4L`*2)'CY))"!I#`@90E
M(L!A1C@QD4.%5%2,L@,XY_U$ER6O(89:$DDQ(A-/G_VQVREP@##(6#\``40(
ML/T!PFR#`-/77!#\@5H.*KH`_X<4))HXB!4,F9,`*14$(41G"9B@P!-_+`%'
M$@U(<!\<#)SQ`U(KP('!'PG<UY8!)X`S`2.#\-28)0U4B$I:?]S`2`+2P*$B
M%W#((-LN?_3RAP0EAH.*G,2,`.`?`]G)!AP1,)5)FXP$V=VCD$8JZ:245DJ=
M4F`08\(!3NR`1T\8PN$!>>P8D"1T6N1WX2D:%%!`@4GXE`4$M$;TAQ4)N#%D
MC98`H84,M\"TU"`LT`I!IL1(P^M.H(*C7T/:B,`H'%RIH]2')_TQ2D1=]/G'
M:Q`0("X!A;V(WB^0#3+DEGNE,"X!7OS1K8_6_N4&!RN@T1P`3M1U0@<C/`!`
M2T5XP?\CM'`<X4("32&``!;@-#"0`39T``%#)G#A1`2?^H0*1_]Y%@,C[_J4
M"YYZ\DFO)1R020QT<%AB#66''E#F22'!88JE//?L\\]`!WT/(\C^T<`HF+UX
MYK>,,`-/&W#PH"K(\C)B-2,;_#%KK>`@``<:EE201%CB-$BLL47'B!\Q%3J[
M:H*U_:&4T^E<>_,KHTBK\B"Y]!".N1JERR5RZ"YKR=[LP,5!!F=T6T(,Y\YW
M@!PF2(-&!"U<$K4=5]RFA`'A!/!&#S\0,,P32+L(1V.H_##()M2^!B@Q)]/F
M"^+$\`F'=(-T&_,@?X%=\]TAZR3T\<@GK_SR]F!Z.(!:#"O_@1*QV"%5!2[@
MX.@YB_S`I"5$K/J$BD#`'@#OXE10@`92#1)!#@A(L,0=*!"CC4SB=!'L:_T2
M`]RYEMC!JAA@$FFY"0Z@LQ8CSL235SQ$6M#)`).H8H?V$`-P:B.;&`@7!#V]
M#`ZXD=L+8F"\<?`)`E7X3QU^8,'G8.40";##"13@`TO0Z03?0`%@.*06$!RL
M"'78GF:&$;V"G'`0J,$`$":@C5>$ZB-*R1SB```%0:#`)(6QQ!%,TAXWV8$K
MP_M#`_]@@D$Q[XQH3*,:DY<S/*G%)#1`0`I:=(0.U`\2WS@"(P!PCI4TX`<:
MJ!\Q^$"X<,#N0.%8R1-<4)Q!5.`X_U>#@[3VPP@`$@,('>!`0Z*@@940XR%W
M"(<,"CF(0FB(+^S(&7K,Q@BN3*`#&!@`DS!1!3>@@`6FP$0H^>8M5.1@$'`I
MP0".0("5C`D#5WB"#AAAJW)48(XV^X,>$*4I#QGM/A^QQ)C@@"S@(.83&/D#
M#NA3`"W$P`0!@&,7YA@;/IW@'S^H0[5TY`$#5(XKKPF+4J0%#"T`(0#3G)&.
M()"`&R``=#J2A).<\P=KX*E!L`O6&B=*T8I:U#H!8,$!7F()!V0`"BMH01)>
M$(`N..(/$]`H`["GO7/`(`8A,$(+.WH`J262!;@<1PO:\((()/`/5""`1@]`
M5`+`YPH:K?]6."I0!"RTP0E&$.0@#^#$P]7TD@@(`0%>@`")IB.C!Z@6$0Z0
M.:0>P!=,34(6N!(`&F2A``_@*!@.D,4_Z.``3@O"`:@!U"4HH0`O.%,%-I`$
M)4P`"",LX3AHP(($`H"LX"`""X*T`A8HU6@[8,%()'"`!`[`AX/0@09^\(.'
M8,`''H4"`%J0`9+"8`(,B,`(G=BY$!1`"0!@4A$.X)-HG)5+!P##,*CXBBN(
MP0RW==H5NF"&-IA!`C7\0Q\.<*:Q2N4(!V"!5R_*W>YZ][O@#:]X@W803VR2
M2N--KWK7R][VNO>]%85!"HA1VN_!][[XS:]^]\O?_OYA$2<=@!W_EN#?`AOX
MP`A.L((C!88FQ(`%D+/O@B=,X0I;^,(8SK"&-\SA#GOXPR`.L8A'3.(2F_C$
M*$ZQBE?,XA:[^,4PCK&,9TSC&MOXQCC.L8YWS.,>^_B^!@"L*0X`@1G%XPDG
M@``?J4,#",AA'@\(5W4D`($3^`<=!(!`6`)0!0A(X@8]R`"I?DSF,J/8:U^4
MS<K@P8@038=/"H`RC"QQ`QH<``"*34>6T(OE=`%!E\U@Q$S-3.A">S@`/"@"
MD^C4/WG\I:KU@$X)YC'*"0W"!`380`L88`"'`80=@M)9.@1HIRO<)U,-X$)L
M#,WJ5GL8&&231]ZJ\[%YO"::`5!`"U#@_X(E#$`'7:";.H:8CMJISI*N3K:R
MU<@`*3S@!320L"4`<(<)M"`&+VA!!200@AC8Z@E=D`$.6-`^`VR``PR!]2#$
M(`%ICV,$$<#!"\!@BED;30+8)G<Q8N"$#1S(#5M%0UTQK00P\`ED-@#``\Q@
M!/-RX`Z_#L$+FCD!+(0``+<>1`R,$``FT.`&MZW`"\K#@Q@\X`$F;P\,"(`#
M`MA*,VZ0@1)HH),56/RW=QH$X(YPAPV@SQ)N8($2J)<7`[#`#`]H=^_ND(`)
M8!LS`%`"%C*W[*I;/2D8J.`B0@B.%VDA#)BP0PC:8`T-#",#,7#`?#0@&%1`
MP!?J/N#2R!$+(?\`@0%,\(6],1&$"ESD)5WH`#HS(!4`V,$,3YB/(*@`'!9X
MH3,@:P(<6A``#6"`2:-0`!1XH@&&V,4E-(`F:*C$`8Y48$=_6!`56H$"-V'@
M%F3(0A?V8H?Z:88`-]#1@O[`HB)<P0-18(BQ`0<WQ:Z@#CT(`!6JP",F:N$)
MBTC.'^:C@#`\Y@O/'D4'=I9C!X1`"UG@P:<'((,D),$%ID``@0=QA8,1(P%*
MT,(#W-P07UO"`&WX`PJ(@`#R-&`)2_`]_P<&WV,`1%!75V=BA`0RP`$?EC`?
M'G`&3_`I"U)&DO1?@]``K<`50Z(`Z98NC-<!5$<.8](!5Q8BLW8CO9/_"H-A
M1Z#1`!4`'((P)'I0`:^!`1FQ%QPA*+QR'X+`$SM0`58P$`1V')3Q!Y)G,UT0
M!7]0`KM01O&R"U3!A'\P1XUQ!$Q2`9_R$IHA+8M@!PQP18!R%B8#(X`#.XGT
M%W$P"##``#;0&3(!"3[Q&C]0`53P%R/'`,R!@#5F%DPP`CX06TP"`"=``U30
M``"`3W;@9HTV"#*0`RA0`3``/Y_&`AT0+R<B`3H`!2B0!)1Q`TV0`!+0+S?@
M`0E@!/T2>&X@!%F3@"8&'%FP`BO0%"O0``QPBZ8P'UPP"/.Q2Z-053#`'#.(
M'!](-E>P7>(@0$W`(!<X$&0#-[%%'$Z0.7K$_TTKH#L!8`T,501T$3XY((O1
M0V`\(1?3)PLYLXM_H"\V`P!?\`=?8#.HX1]D\`>"0H5?L"A`UPH^H1E(H10P
M`!U1((L7D2C#!RIH"`Y@L#:6L$&S,Q]A\1H,!2(W@S\VQB?TUR9V`#'@0``#
ML62Q-A?G`@`=(`AN``8$90E"T!!2)"<MTP!Z!`,MJ4='D`%Q-@=4Z(HDQ@@%
M<`<\"7%[1A>]R(MPX(L0@5(QD`$\@"2#XX'H\I'G,#)48PFSI@UX`C<H,`"C
M0`IN`#<1T)-W``2CL$NU=H->*2UC5(Y<H$-#.0@9-R8,<`!-4`1`-`(`X`L-
ML!4Z5`(9804$\`-$(/^'HP<H2K$"P*`!7ED8!>D3!TD[]`$.,/.`J)1Q8N09
M-W-2-S8RV_,'68)L!+`"/9`"4@$VEG``[*--<+`!`6`$6/D*!D@,$8`;H_0?
M7!";(0$#2I`5L9!G.-EA3<%#]T=4>%6.NQ24VB)):Z$!M\`3'$B,8@$'(Q<0
MF2D.X>,!X3!'$=$99$,5'9`1X-82,7!`S?0(<%`)-@('KA,+6T(AV=*+9\`(
MWV0&S5$93F`S(N`?*#`!I.(#2D`$^)(1E0<']:,T?]!!HI8S!M`M=O!STG`(
M/N`5S'"03^!)?&('W&=7@^(5$R*9$CF9D$9C%W$@`T``)@`='"46GR$#(D#_
M!5"@`3K@1G_``E_P4X)R!Q%``Q*0`D8P#$[@2>F!`9YP%K()I+4Y`"$0`46Q
MFR36!W`0!3OC;JEWFH,`G[OT%R*P3.U8`;-&%4R9"R9R!4*@`#PZ#D/2"/L!
M$&WVHG#@-W^0D)0Q`4S"`!Y``!4P$"[P:6ZA+TU00Z\19]L$'TS2%%ET$:%T
M'[O'$WAB!7H``)]6`2.`2`!0!S/%CW\`"06Q9Z`S)A!P!5:@#77%)/DD-X!V
MD$:``7PD8%`Z"$!P`W^11<!1&)+9%#*AE#@6/E0'%0,`%='T!SLY?=*"`B?`
M!"X*'>3X!P@0!2,@"B=0!RE@`D>@IG_P!#)@*])0_P%E5%EP0*UQ8Q`'X)M(
M"F(5,#(](`5")PXO@B<O8C-/P$PW,$<QX`*0L`,,X':^(`VX04##4@X`$`4=
MD&EMX`.GYQ)_X`,CLP0)X`$L]"U:``!&X`'^,0`MD05W@`:?80.0$`,'`#6_
MA`N6%P$'H`3#T"!/<!^[>`0G8`=2P'*&8`E4``!$``8K``/&4PCT`0$EL`1`
M,!`90`!"X)Q'4`1Q^@`3(`JV4@0EZP)<$`+^H2,C1P60D#7%]P=A(#@3``%U
M@`5W\`+^80`8D`,CP`<:L&KS\5#<-`@/@8DW9@-0($R,&C=]<`)><`574`*A
MA`.3-``YX*)7D`$%L%(^:_^V!A`%@D`$',4`4``6#W`%;F`'5@`#'.$&=6`%
M1<`1;F$%)W!9W?IA5"`!+A`#&W!EX'"-KW"-7-$Y$N`?">`"!&!M+D`$)C``
M-LH0(R`!,K$!!"`8YP`G#Q`!F/$$-MH^0(!Q,<`#.S,`1/!@(V@%4H`%:$`#
MY($"$1`#-#``$K!D5[!R#Q!6@R`!$N`+5^``$E`M"4``:.``02`!'3H.!J``
M9O`"/%$'5QD!6*`##+`#!&``$P!U,;`#[3,(0;`##[`#)R6*\0($12`!F&$"
M$D`#&9$`4V<)+5"\A'%_7!`#$5!7[/8*-EHM-BI5-T8%/(`%+!`!.V"[*Q`#
M?'#_``20.5SP4^P&#C?``P00`QX`0`.0;8-!'@[@!">'`VY1!!O`!U1'`QO@
M`ID3`!+0!Q1YN4JL7R@0!2,X3N&YQ-_5`!'`!$6@FU*<Q1T&'>;U!S)0!UVL
MQ=YU!0`0`6$LQFB\80-`%&?@`PF``7.7QG(\QW2\D-UFI'Q8QWJ\QWS<QW[\
MQX`<R((\R(1<R(9\R(B<R(J\R(S<R([\R)`<R9(\R91<R99\R9B<R9J\R9S<
MR9[\R:`<RJ(\RJ1<RJ9\RJB<RJJ\RJS<RJ[\RK`<R[(\R[1<R[9\R[B<R[J\
MR[S<R[[\R\`<S,(\S,1<S,9\S,B<S,J\S,S<S,[\S-`</,W2/,W47,W6?,W8
MG,W:O,W<W,W>_,W@',[B/,[D7,[F?,[HG,[JO,[LW,[N_,[P',_R/,_T7,_V
&S&*!```[
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
