<DOCUMENT>
<TYPE>EX-99.77Q2 ITEM 405
<SEQUENCE>4
<FILENAME>duffphelps77q2.txt
<TEXT>
Section 16(a) Beneficial Ownership Reporting Compliance

Section 30(h) of the Investment Company Act of 1940 imposes the
filing requirements of section 16 of the Securities Exchange Act
of 1934 upon (i) the registrant's directors and officers, (ii)
the registrant's investment adviser and certain of its
affiliated persons and (iii) every person who is directly or
indirectly the beneficial owner of more than 10% of any class of
the registrant's outstanding securities (other than short-term
paper). Based solely on a review of the copies of Section 16(a)
forms furnished to the registrant, or written representations
that no Forms 5 were required, the registrant believes that
during the fiscal year ended October 31, 2013 all such filing
requirements were complied with.


</TEXT>
</DOCUMENT>
