<DOCUMENT>
<TYPE>EX-99.77C VOTES
<SEQUENCE>4
<FILENAME>sub77c.txt
<DESCRIPTION>VOTING RESULTS
<TEXT>
SUB-ITEM 77C:  Submission of matters to a vote of security holders

RESULTS OF SPECIAL MEETING OF STOCKHOLDERS HELD ON AUGUST 22, 2001
At a special meeting held August 22, 2001, the stockholders of the
Fund approved a new Securities Investment Trust Investment Management
and Custodian Contract among the Fund, HSBC Asset Management (Taiwan)
Limited ("HSBC Taiwan") (formerly China Securities Investment Trust
Corporation ("CSITC")) and the Fund's Custodian, pursuant to which
HSBC Taiwan will continue to serve as the investment advisor with respect
to the assets of the Fund.  In addition, the stockholders approved a new
U.S. Asset Advisory Agreement between the Fund and HSBC Taiwan pursuant
to which HSBC Taiwan will continue to serve as the investment advisor
with respect to the assets of the Fund held in the United States.

On August 6, 2001 (the "Closing Date"), China Development Industrial
Bank ("CDIB") sold its 52.87% interest in CSITC to HSBC Asset Management
(Europe) Limited, a member of the HSBC Group ("HSBC") and CSITC's name
was changed to HSBC Asset Management (Taiwan) Limited. The sale by CDIB
constituted an assignment of the prior advisory contracts between the Fund
and CSITC under the Investment Company Act of 1940 and therefore resulted
in the automatic termination of these contracts.  At a meeting held on
June 13, 2001, the Board of Directors of the Fund approved interim
advisory contracts with CSITC which became effective on the Closing Date
and remained in place until the new advisory agreements were approved at
the Special Meeting of Stockholders.




</TEXT>
</DOCUMENT>
