<DOCUMENT>
<TYPE>EX-99.77C VOTES
<SEQUENCE>3
<FILENAME>exhibit.txt
<TEXT>

The Fund's  Annual  Stockholders  meeting was held on November 27, 2001,  at 405
Park Avenue,  New York, New York 10022. As of November 1, 2001, the record date,
outstanding  shares  of common  stock  ("shares")  of the Fund  were  8,595,573.
Holders of 8,024,538  shares of the Fund were  present at the meeting  either in
person or by  proxy.  These  holders,  as being  holders  of a  majority  of the
outstanding shares of the Fund,  constituted a quorum. The stockholders voted on
three proposals.

The stockholders elected four Directors to the Board of Directors,  approved the
amended and restated Investment Advisory agreement between Acci Worldwide,  S.A.
de C.V.  and the  Fund,  and  adopted a  proposal  to pursue  the  creation  and
registration  of put  warrants,  which are  designed to afford  stockholders  an
opportunity to realize net asset value for their shares.

The following table provides information concerning the matters voted on at the
meeting:

I.   Election of Directors

         Nominee                         For                           Withheld
         -------                         ---                           --------
         Glenn Goodstein                7,926,145                       98,393
         Rajeev Das                     7,934,582                       89,956
         Andrew Dakos                   7,915,816                      108,722
         Gerald Hellerman               7,918,078                      106,460

II.  Approval of the Amended and Restated  Investment Advisory Agreement between
     Acci Worldwide, S.A. de C.V. and the Fund

     Votes For     Votes Against       Votes Abstained       Broker Non-Votes
     ---------     -------------       ---------------       ----------------
     5,701,568         115,671                46,674              2,160,625

III. Adoption  of a proposal  to pursue the  creation  and  registration  of put
     warrants  which are  designed  to afford  stockholders  an  opportunity  to
     realize net asset value for their shares

     Votes For      Votes Against       Votes Abstained     Broker Non-Votes
     ---------      -------------       ---------------     ----------------
     5,734,315          88,030                 41,568             2,160,625




</TEXT>
</DOCUMENT>
