Pursuant to a December 27, 2007 announcement by the Securities and Exchange Commission, effective December 31, 2007, the Section 6(b) fee rate applicable to the registration of securities, including fees payable with the Annual Notice of Securities Sold pursuant to Rule 24f-2 of the Investment Company Act of 1940, the Section 13(e) fee rate applicable to the repurchase of securities and the Section 14(g) fee rate applicable to proxysolicitations and statements in corporate control transactions increased to $39.30 per million dollars (the previous rate was $30.70 per million dollars).

In addition, effective January 25, the Section 31 fee rate applicable to securities transactions on the exchanges and over-the-counter markets will decrease to $11.00 per million dollars. The Section 31 assessment on security futures transactions will remain unchanged at $0.0042 per round turn transaction.