<DOCUMENT>
<TYPE>EX-99.77D POLICIES
<SEQUENCE>4
<FILENAME>rfi77d.txt
<DESCRIPTION>POLICIES
<TEXT>
ITEM 77D: The Board of Directors of the fund approved the delegation of its
authority to management to effect repurchases, pursuant to management's
discretion and subject to market conditions and investment considerations,
of up to 10% of the fund's total assets through the current fiscal year
ending December 31, 2008.

The Board of Directors of the fund approved changes to the fund's policies
and procedures with respect to the disclosure of the fund's portfolio
securities permitting the fund to post an uncertified list of portfolio
holdings on the Web site at http://www.cohenandsteers.com, no earlier
than 15 days after the end of each calendar quarter.

The Board of Directors of the fund approved the expansion of the options
strategy to permit the fund to write options on custom baskets of
securities and customized indexes and to remove any requirement that a
fund must hold an exchange-traded fund ("ETF") as a portfolio security
in order to write an option on an ETF.  The value of the underlying
securities, ETFs, indices and baskets on which options may be written
at any one time will not exceed 25% of the total managed assets of the fund.

On March 18, 2008, the Board of Directors of the Corporation approved changes
to the Corporation's dividend reinvestment plan.
</TEXT>
</DOCUMENT>
