<DOCUMENT>
<TYPE>EX-99.77D POLICIES
<SEQUENCE>3
<FILENAME>peoex77d.txt
<TEXT>
On  December  11,  2008, the Board of  Directors  adopted  a
resolution  changing the Corporation's statement  of  "Other
Investment   Policies"  contained   in   its   most   recent
Registration  Statement or elsewhere so  as  to  permit  the
Corporation to invest in the securities of other  investment
companies, including but not limited to money market  funds,
without the prior approval of the Board of Directors.
</TEXT>
</DOCUMENT>
