<DOCUMENT>
<TYPE>EX-99.77Q1 OTHR EXHB
<SEQUENCE>2
<FILENAME>bylaws.txt
<DESCRIPTION>BY LAWS
<TEXT>
BY-LAWS
On November 19, 2002, the Board of Trustees adopted several amendments to the
Fund's by-laws, including provisions relating to the calling of a special
meeting and requiring advance notice of shareholder proposals or nominees for
Trustee. The advance notice provisions in the by-laws require shareholders to
notify the Fund in writing of any proposal that they intend to present at an
annual meeting of shareholders, including any nominations for Trustee, between
90 and 120 days prior to the first anniversary of the mailing date of the notice
from the prior year's annual meeting of shareholders. The notification must be
in the form prescribed by the by-laws. The advance notice provisions provide the
Fund and its Trustees with the opportunity to thoughtfully consider and address
the matters proposed before the Fund prepares and mails its proxy statement to
shareholders. Other amendments set forth the procedures that must be followed in
order for a shareholder to call a special meeting of shareholders. Please cont
act the Secretary of the Fund additional information about the advance notice
requirements or the other amendments to the by-laws.



</TEXT>
</DOCUMENT>
