<DOCUMENT>
<TYPE>EX-99.77D POLICIES
<SEQUENCE>3
<FILENAME>d77.txt
<TEXT>
                                  SUB ITEM 77D

Effective  October  23,  2007,  the  Trustees authorized  the  Trust  to  incur
indebtedness up to 33-1/3% of its gross assets.Such authorization is consistent
with the Trust's  Investment Objectives and Policies contained in Amendment No.
13 to the Registration Statement of the Trust (File No. 811-4975),as filed with
the  Securities  and Exchange  Commission via EDGAR on February 28,2006 on Form
N-2 under the  Investment  Company Act of 1940.  Such  document is incorporated
herein by reference.
</TEXT>
</DOCUMENT>
