<DOCUMENT>
<TYPE>EX-99.77Q1 OTHR EXHB
<SEQUENCE>3
<FILENAME>rcspolicies.txt
<DESCRIPTION>INVESTMENT POLICY CHANGE
<TEXT>
Changes to the Fund's Investment Policies:

Preferred Stock and Convertible Securities: Conversion to Common Stock. The
Fund may invest in preferred stock and convertible securities, and these
securities may allow for conversion into common stock. Effective April 6, 2009,
the Fund's investment policies were revised to make explicit that the Fund may
hold common stock received from the conversion of other portfolio securities,
such that common stocks may represent up to 20% of the Fund's total assets.
The Board of Directors formally approved this policy based on a recommendation
from the Investment Manager and the Sub-Adviser that having the ability to hold
common stock under these circumstances would be in the best interest of the
Fund and the Fund's stockholders. The Investment Manager and Sub-Adviser
believe it is in the best interests of the Fund to have the flexibility to
participate in such conversions and to hold common stock received in such
conversions until adequate value can be realized or it otherwise deems it
appropriate to dispose of common stock holdings.

Holding common stock involves risks different from or in addition to the risks
associated with debt instruments. The market price of common stocks and other
equity securities may go up or down, sometimes rapidly or unpredictably. The
value of a company's equity securities may fall as a result of factors
directly relating to that company, such as decisions made by its management
or lower demand for the company's products or services. The value of an equity
security may also fall because of factors affecting not only the company, but
also companies in the same industry or sector, or in a number of different
industries or sectors, such as increases in production costs. The value of a
company's equity securities may also be affected by changes in financial
markets that are relatively unrelated to the company or its industry, such as
changes in interest rates or currency exchange rates, adverse circumstances
involving the credit markets, periods of relative illiquidity, volatility, and
perceived or actual instability in the banking and financial service sectors.
In addition, because a company's equity securities rank junior in priority to
the interests of bond holders and other creditors, a company's equity
securities will usually react more strongly than its bonds and other debt to
actual or perceived changes in the company's financial condition or prospects.
Equity securities generally have greater price volatility and usually produce
lower yields than bonds and other debt securities.
</TEXT>
</DOCUMENT>
