<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>dex992.txt
<DESCRIPTION>RESOLUTION OF A MAJORITY OF THE BOARD OF DIRECTORS
<TEXT>
<PAGE>

                                 FIDELITY BOND

RESOLVED:   That, after considering all relevant factors, the action of the
            Authorized Officers of the Company in obtaining a bond issued by
            Federal Insurance Company, covering larceny and embezzlement and
            certain other acts, with a limit of liability of $1,000,000, for
            an aggregate one-year premium of $6,000, be, and it hereby is,
            authorized and approved.

RESOLVED:   That pursuant to Rule 17g-l under the 1940 Act, as amended, Dayl
            W. Pearson, President and Chief Executive Officer, and Michael I.
            Wirth, Chief Financial Officer, Chief Compliance Officer and
            Secretary, are each hereby designated as an agent for the Company
            to make the filings and give the notices required by subparagraph
            (g) of said Rule.

RESOLVED:   That the form and amount of the bond issued by Federal Insurance
            Company, after consideration of all relevant factors including the
            Company's aggregate assets to which persons covered by the bond
            have access, the type and terms of arrangements made for custody
            and safekeeping of assets, and the nature of the securities held,
            be and they hereby are authorized and approved.
</TEXT>
</DOCUMENT>
