EX-99

                        EXHIBIT INDEX

EXHIBIT A:
  Attachment to item 77B:
  Accountants report on internal control

EXHIBIT B:
  Attachment to item 77C:
  Submission of matters to a vote of Security holders.

 Attachment to item 77Q3:
 NSAR certification - filed as:  EX-99.77Q3 CERT
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EXHIBIT A:
Report of Independent Auditors

To the Shareholders and Board of Trustees
of CIM High Yield Securities

In planning and performing our audit of the financial
statements of CIM High Yield
Securities (the "Fund") for the year ended December 31,
2002, we considered its internal
control, including control activities for safeguarding
securities, in order to determine our
auditing procedures for the purpose of expressing our
opinion on the financial statements
and to comply with the requirements of Form N-SAR, not
to provide assurance on
internal control.

The management of the Fund is responsible for
establishing and maintaining internal
control. In fulfilling this responsibility,
estimates and judgments by management are
required to assess the expected benefits and
related costs of controls. Generally, controls
that are relevant to an audit pertain to the
entity's objective of preparing financial
statements for external purposes that are fairly
presented in conformity with generally
accepted accounting principles. Those controls
include the safeguarding of assets against
unauthorized acquisition, use, or disposition.

Because of inherent limitations in any internal
control, error or fraud may occur and not
be detected.  Also, projections of any evaluation
of internal control to future periods are
subject to the risk that it may become inadequate
because of changes in conditions or that
the effectiveness of the design and operation may deteriorate.

Our consideration of internal control would not
necessarily disclose all matters in internal
control that might be material weaknesses under
standards established by the American
Institute of Certified Public Accountants.  A
material weakness is a condition in which
the design or operation of one or more of the
internal control components does not reduce
to a relatively low level the risk that misstatements
caused by error or fraud in amounts
that would be material in relation to the
financial statements being audited may occur and
not be detected within a timely period by
employees in the normal course of performing
their assigned functions.  However, we noted
no matters involving internal control,
including control activities for safeguarding
securities, and its operation that we consider
to be material weaknesses as defined above at December 31, 2002.

This report is intended solely for the information
and use of management and the Board
of Trustees of the Fund and the Securities
and Exchange Commission and is not intended
to be and should not be used by anyone other
than these specified parties.

Ernst & Young LLP
Philadelphia, Pennsylvania
February 7, 2003



EXHIBIT B:
CIM High Yield Securites
EXHIBIT TO ITEM 77C

	The Annual Meeting of Shareholders of CIM High Yield
Securities. (the "Fund") was held on October 11, 2002.
The following proposal was submitted for a vote of the
shareholders:

1.	To elect two (2) Trustees of the Fund

With respect to the proposal relating to the election
of two Trustees of the Fund, the following votes and
percentages were recorded:

                                                     PERCENT OF SHARES
                                       WITHHOLDING       OUTSTANDING
                            FOR         AUTHORITY      VOTING IN FAVOR

Dr. Donald Ratajczak   5,179,084.442    129,340.000         86.315%
Robert G. Wade         5,141,327.442    167,097.000         85.686%

The remaining Trustees in office are: John F. Nickoll
and Dr. Bruce Olson.

EX-99.77Q3 CERT

Exhibit to 77Q3

(a) (i)	The Principal Executive and Financial Officers
concluded that the Registrant's Disclosure Controls and
Procedures are effective based on their evaluation of the
Disclosure Controls and Procedures as of a date within 90
days of the filing date of this report.

(a) (ii)	 There were no significant changes in Registrant's
internal controls or in other factors that could
significantly affect those controls subsequent to the
date of their evaluation, including any corrective
actions with regard to significant deficiencies or
material weaknesses.

(a) (iii) Certifications:

                     Form N-SAR Certification

I, Cindy Hayes, certify that:

1. I have reviewed this report on Form N-SAR of CIM HIGH YIELD FUND;

2. Based on my knowledge, this report does not contain any untrue
statement of a material fact or omit to state a material fact necessary
to make the statements made, in light of the circumstances under which
such statements were made, not misleading with respect to the period
covered by this report;

3. Based on my knowledge, the financial information included in this
report, and the financial statements on which the financial information
is based, fairly present in all material respects the financial
condition, results of operations, changes in net assets, and cash flows
(if the financial statements are required to include a statement of
cash flows) of the registrant as of, and for, the periods presented in
this report;

4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as
defined in rule 30a-2(c) under the Investment Company Act) for the
registrant and have:

a) designed such disclosure controls and procedures to ensure that
material information relating to the registrant, including its
consolidated subsidiaries, is made known to us by others within those
entities, particularly during the period in which this report is being
prepared;

b) evaluated the effectiveness of the registrant's disclosure controls
and procedures as of a date within 90 days prior to the filing date of
this report (the "Evaluation Date"); and

c) presented in this report our conclusions about the effectiveness of
the disclosure controls and procedures based on our evaluation as of
the Evaluation Date;

5. The registrant's other certifying officers and I have disclosed,
based on our most recent evaluation, to the registrant's auditors and
the audit committee of the registrant's board of directors (or persons
performing the equivalent functions):

a) all significant deficiencies in the design or operation of internal
controls which could adversely affect the registrant's ability to
record, process, summarize and report financial data and have
identified for the registrant's auditors any material weaknesses in
internal controls; and

b) any fraud, whether or not material, that involves management or
other employees who have a significant role in the registrant's
internal controls; and

6. The registrant's other certifying officers and I have indicated in
this report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal
controls subsequent to the date of our most recent evaluation, including
any corrective actions with regard to significant deficiencies and
material weaknesses.

Date: 2/27/2003

/s/ Cindy Hayes
Treasurer

- - - - - - -

                        Form N-SAR Certification

I, A. George Baumann, certify that:

1. I have reviewed this report on Form N-SAR of CIM HIGH YIELD FUND;

2. Based on my knowledge, this report does not contain any untrue
statement of a material fact or omit to state a material fact necessary
to make the statements made, in light of the circumstances under which
such statements were made, not misleading with respect to the period
covered by this report;

3. Based on my knowledge, the financial information included in this
report, and the financial statements on which the financial information
is based, fairly present in all material respects the financial
condition, results of operations, changes in net assets, and cash flows
(if the financial statements are required to include a statement of
cash flows) of the registrant as of, and for, the periods presented in
this report;

4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as
defined in rule 30a-2(c) under the Investment Company Act) for the
registrant and have:

a) designed such disclosure controls and procedures to ensure that
material information relating to the registrant, including its
consolidated subsidiaries, is made known to us by others within those
entities, particularly during the period in which this report is being
prepared;

b) evaluated the effectiveness of the registrant's disclosure controls
and procedures as of a date within 90 days prior to the filing date of
this report (the "Evaluation Date"); and

c) presented in this report our conclusions about the effectiveness of
the disclosure controls and procedures based on our evaluation as of
the Evaluation Date;

5. The registrant's other certifying officers and I have disclosed,
based on our most recent evaluation, to the registrant's auditors and
the audit committee of the registrant's board of directors (or persons
performing the equivalent functions):

a) all significant deficiencies in the design or operation of internal
controls which could adversely affect the registrant's ability to
record, process, summarize and report financial data and have
identified for the registrant's auditors any material weaknesses in
internal controls; and

b) any fraud, whether or not material, that involves management or
other employees who have a significant role in the registrant's
internal controls; and

6. The registrant's other certifying officers and I have indicated in
this report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal
controls subsequent to the date of our most recent evaluation, including
any corrective actions with regard to significant deficiencies and
material weaknesses.

Date: 2/24/2003

/s/ A. George Baumann
President