<DOCUMENT>
<TYPE>EX-99.77Q1 OTHR EXHB
<SEQUENCE>4
<FILENAME>rfi77q1b.txt
<DESCRIPTION>OTHER
<TEXT>
EXHIBIT 77Q1(b): The board of directors approved amendments to
certain investment policies to provide that, under normal market
conditions, the fund may invest up to 20% of its total assets in
preferred and other fixed income securities.  The board also
approved amendments to eliminate the non-fundamental investment
restriction regarding the purchase of securities on margin. In
addition, the board of directors approved amendments to permit
the fund to write call options on up to 25% of its managed assets.
Call options would be written on both indices and securities.
The fund may write call options on "broad-based" equity indexes,
as well as on narrower market indexes, such as those in respect
of select sectors. The fund also may write options on
exchange-traded funds and other similar instruments designed to
correlate with the performance of an equity index or market
segment. Finally, the fund may write options on select sectors
and single stocks. The Fund may write listed/exchange-traded
options contracts, as well as unlisted or "over-the-counter"
options contracts, particularly with respect to options on
foreign securities or indexes.
</TEXT>
</DOCUMENT>
