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 October 31, 2011. Net assets

of the Fund were unaffected by the reclassifications.

 Increase to                                    Increase

         Accumulated                        to Accumulated

 Increase to                    Net Investment                    Net Realized Loss

      Paid-in Capital                                  Income                         on Investments

-----------------------------------------------------------------------------------------------------------------------

           $132,688,069                             $4,380,448                                 $137,068,517