Net investment income (loss) and net realized gain (loss) may differ for financial statement

and tax purposes. The character of dividends and distributions made during the fiscal year

from net investment income or net realized gains may differ from their ultimate characterization

for federal income tax purposes. Also, due to timing of dividends and distributions,

the fiscal year in which amounts are distributed may differ from the fiscal year in which the

income or net realized gain was recorded by the Fund.

Accordingly, the following amounts have been reclassified for December 31, 2010. Net assets

of the Fund were unaffected by the reclassifications.

    Increase to

    Reduction to                 Accumulated

Increase to       Accumulated Net              Net Realized Loss

         Paid-in Capital          Investment Loss                  on Investments

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                    $759,669                    $1,976,608                         $2,736,277