-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HQGeOEQoVkYjo1FB1WGVVOFExcOR52shsUfNd33+HxEioh9PncWQMxR0aEmfGyDo jYKpd8sbYBP3K2Mkfi4O/Q== 0000828990-97-000001.txt : 19970530 0000828990-97-000001.hdr.sgml : 19970530 ACCESSION NUMBER: 0000828990-97-000001 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 7 CONFORMED PERIOD OF REPORT: 19970331 FILED AS OF DATE: 19970529 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: HIGH YIELD PLUS FUND INC CENTRAL INDEX KEY: 0000828990 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: MD FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: 1940 Act SEC FILE NUMBER: 811-05468 FILM NUMBER: 97616210 BUSINESS ADDRESS: STREET 1: 199 WATER ST CITY: NEW YORK STATE: NY ZIP: 10292 BUSINESS PHONE: 2122141250 MAIL ADDRESS: STREET 1: ONE SEAPORT PLAZA CITY: NEW YORK STATE: NY ZIP: 10292 NSAR-B 1 N-SAR (3.0.A) PAGE 1 000 B000000 03/31/97 000 C000000 0000828990 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 3.0.a 000 J000000 A 001 A000000 THE HIGH YIELD PLUS FUND, INC. 001 B000000 811-5468 001 C000000 2013677530 002 A000000 100 MULBERRY STREET, GATEWAY CTR 3, 9FL 002 B000000 NEWARK 002 C000000 NJ 002 D010000 07102 002 D020000 4077 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 N 007 B000000 0 007 C010100 1 007 C010200 2 007 C010300 3 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 008 A000001 WELLINGTON MANAGEMENT COMPANY, LLP 008 B000001 A 008 C000001 801-15908 008 D010001 BOSTON 008 D020001 MA 008 D030001 02109 010 A000001 PRUDENTIAL INVESTMENTS FUND MANAGEMENT LLC 010 B000001 811-31104 010 C010001 NEWARK 010 C020001 NJ 010 C030001 07102 010 C040001 4077 011 A000001 PRUDENTIAL SECURITIES INCORPORATED 011 B000001 8-27154 011 C010001 NEW YORK 011 C020001 NY 011 C030001 10292 012 A000001 STATE STREET BANK AND TRUST COMPANY PAGE 2 012 B000001 84-111111 012 C010001 NORTH QUINCY 012 C020001 MA 012 C030001 02171 013 A000001 PRICE WATERHOUSE, LLP 013 B010001 NEW YORK 013 B020001 NY 013 B030001 10036 015 A000001 STATE STREET BANK AND TRUST COMPANY 015 B000001 C 015 C010001 NORTH QUINCY 015 C020001 MA 015 C030001 02171 015 E010001 X 015 A000002 CITIBANK, N.A. 015 B000002 S 015 C010002 BUENOS AIRES 015 D010002 ARGENTINA 015 E040002 X 015 A000003 WESTPAC BANKING CORP. 015 B000003 S 015 C010003 SYDNEY 015 D010003 AUSTRALIA 015 E040003 X 015 A000004 GIROCREDIT & BANK AKTIENGESELLSCHAFT DER SPAR 015 B000004 S 015 C010004 VIENNA 015 D010004 AUSTRIA 015 E040004 X 015 A000005 STANDARD CHARTERED BANK 015 B000005 S 015 C010005 DHAKA 015 D010005 BANGLADESH 015 E040005 X 015 A000006 GENERALE BANK 015 B000006 S 015 C010006 BRUSSELS 015 D010006 BELGIUM 015 E040006 X 015 A000007 CITIBANK, N.A. 015 B000007 S 015 C010007 SAO PAULO 015 D010007 BRAZIL 015 E040007 X 015 A000008 CANADA TRUSTCO MORTGAGE COMPANY 015 B000008 S 015 C010008 TORONTO 015 D010008 CANADA 015 E040008 X 015 A000009 CITIBANK, N.A. - CHILE 015 B000009 S PAGE 3 015 C010009 SANTIAGO 015 D010009 CHILE 015 E040009 X 015 A000010 THE HONGKONG & SHANGHAI BANKING CORPORATION L 015 B000010 S 015 C010010 SHANGHAI 015 D010010 CHINA 015 E040010 X 015 A000011 CITITRUST COLUMBIA S.A. SOCIEDAD FIDUCIARIA 015 B000011 S 015 C010011 BOGOTA 015 D010011 COLUMBIA 015 E040011 X 015 A000012 BARCLAYS BANK PLC 015 B000012 S 015 C010012 NICOSIA 015 D010012 CYPRUS 015 E040012 X 015 A000013 CESKOSLOVENSKA OBCHODNI BANK A.S. 015 B000013 S 015 C010013 PRAGUE 015 D010013 CZECH REPUBLIC 015 E040013 X 015 A000014 DEN DANSKE BANK 015 B000014 S 015 C010014 COPENHAGEN 015 D010014 DENMARK 015 E040014 X 015 A000015 NATIONAL BANK OF EGYPT 015 B000015 S 015 C010015 CAIRO 015 D010015 EGYPT 015 E040015 X 015 A000016 MERITA BANK LIMITED 015 B000016 S 015 C010016 HELSINKI 015 D010016 FINLAND 015 E040016 X 015 A000017 BANQUE PARIBAS 015 B000017 S 015 C010017 PARIS 015 D010017 FRANCE 015 E040017 X 015 A000018 BHF-BANK AKTIENGESELLSCHAFT 015 B000018 S 015 C010018 FRANKFURT 015 D010018 GERMANY 015 E040018 X 015 A000019 NATIONAL BANK OF GREECE S.A. 015 B000019 S 015 C010019 ATHENS PAGE 4 015 D010019 GREECE 015 E040019 X 015 A000020 STANDARD CHARTERED BANK, HONG KONG 015 B000020 S 015 C010020 HONG KONG 015 D010020 HONG KONG 015 E040020 X 015 A000021 CITIBANK BUDAPEST RT. 015 B000021 S 015 C010021 BUDAPEST 015 D010021 HUNGARY 015 E040021 X 015 A000022 DEUTSCHE BANK AG & HONGKONG & SHANGHAI BANKIN 015 B000022 S 015 C010022 BOMBAY 015 D010022 INDIA 015 E040022 X 015 A000023 STANDARD CHARTERED BANK, JAKARTA 015 B000023 S 015 C010023 JAKARTA 015 D010023 INDONESIA 015 E040023 X 015 A000024 BANK OF IRELAND 015 B000024 S 015 C010024 DUBLIN 015 D010024 IRELAND 015 E040024 X 015 A000025 BANK HAPOALIM B.M. 015 B000025 S 015 C010025 TEL AVIV 015 D010025 ISRAEL 015 E040025 X 015 A000026 MORGAN GUARANTY TRUST COMPANY 015 B000026 S 015 C010026 MILAN 015 D010026 ITALY 015 E040026 X 015 A000027 THE DAIWA BANK, LTD. 015 B000027 S 015 C010027 TOKYO 015 D010027 JAPAN 015 E040027 X 015 A000028 THE SUMITOMO TRUST & BANKING CO. LTD 015 B000028 S 015 C010028 TOKYO 015 D010028 JAPAN 015 E040028 X 015 A000029 STANDARD CHARTERED BANK, MALAYSIA BERHAD S.A. 015 B000029 S 015 C010029 KUALA LUMPUR 015 D010029 MALAYSIA PAGE 5 015 E040029 X 015 A000030 CITIBANK, MEXICO, S.A. 015 B000030 S 015 C010030 MEXICO CITY 015 D010030 MEXICO 015 E040030 X 015 A000031 BANQUE COMMERCIALE DU MAROC 015 B000031 S 015 C010031 CASABLANCA 015 D010031 MOROCCO 015 E040031 X 015 A000032 MEESPIERSON N.V. 015 B000032 S 015 C010032 AMSTERDAM 015 D010032 THE NETHERLANDS 015 E040032 X 015 A000033 ANZ BANKING GROUP (NZ) LIMITED 015 B000033 S 015 C010033 WELLINGTON 015 D010033 NEW ZEALAND 015 E040033 X 015 A000034 CHRISTIANIA BANK OG KREDITKASSE (VPS) 015 B000034 S 015 C010034 OSLO 015 D010034 NORWAY 015 E040034 X 015 A000035 DEUTSCHE BANK AG 015 B000035 S 015 C010035 KARACHI 015 D010035 PAKISTAN 015 E040035 X 015 A000036 CITIBANK, N.A. - PERU 015 B000036 S 015 C010036 LIMA 015 D010036 PERU 015 E040036 X 015 A000037 STANDARD CHARTERED BANK 015 B000037 S 015 C010037 MANILA 015 D010037 PHILIPPINES 015 E040037 X 015 A000038 CITIBANK POLAND S.A 015 B000038 S 015 C010038 WARSAW 015 D010038 POLAND 015 E040038 X 015 A000039 BANCO COMERCIAL PORTUGUES 015 B000039 S 015 C010039 LISBON 015 D010039 PORTUGAL 015 E040039 X PAGE 6 015 A000040 THE DEVELOPMENT BANK OF SINGAPORE LTD. 015 B000040 S 015 C010040 SINGAPORE 015 D010040 SINGAPORE 015 E040040 X 015 A000041 STANDARD BANK OF SOUTH AFRICA LIMITED 015 B000041 S 015 C010041 JOHANNESBURG 015 D010041 SOUTH AFRICA 015 E040041 X 015 A000042 SEOULBANK 015 B000042 S 015 C010042 SEOULE 015 D010042 SOUTH KOREA 015 E040042 X 015 A000043 BANCO SANTANDER, S.A. 015 B000043 S 015 C010043 MADRID 015 D010043 SPAIN 015 E040043 X 015 A000044 HONG KONG & SHANGHAI BANKING CORPORATION LTD 015 B000044 S 015 C010044 COLOMBO 015 D010044 SRI LANKA 015 E040044 X 015 A000045 SKANDINAVISKA ENSKILDA BANKEN 015 B000045 S 015 C010045 STOCKHOLM 015 D010045 SWEDEN 015 E040045 X 015 A000046 UNION BANK OF SWITZERLAND 015 B000046 S 015 C010046 ZURICH 015 D010046 SWITZERLAND 015 E040046 X 015 A000047 CENTRAL TRUST OF CHINA 015 B000047 S 015 C010047 TAIPEI 015 D010047 TAIWAN 015 E040047 X 015 A000048 STANDARD CHARTERED BANK, BANGKOK 015 B000048 S 015 C010048 BANGKOK 015 D010048 THAILAND 015 E040048 X 015 A000049 CITIBANK, N.A. 015 B000049 S 015 C010049 ISTANBUL 015 D010049 TURKEY 015 E040049 X 015 A000050 STATE STREET BANK & TRUST CO. & SS LONDON LTD PAGE 7 015 B000050 S 015 C010050 LONDON 015 D010050 UNITED KINGDOM 015 E040050 X 015 A000051 CITIBANK N.A. - URUGUAY 015 B000051 S 015 C010051 MONTEVIDEO 015 D010051 URUGUAY 015 E040051 X 015 A000052 CITIBANK N.A. - VENEZUELA 015 B000052 S 015 C010052 CARACAS 015 D010052 VENEZUELA 015 E040052 X 018 000000 Y 019 A000000 N 019 B000000 0 020 C000001 0 020 C000002 0 020 C000003 0 020 C000004 0 020 C000005 0 020 C000006 0 020 C000007 0 020 C000008 0 020 C000009 0 020 C000010 0 021 000000 0 022 A000001 SWISS BANK CORP. 022 B000001 0000000000 022 C000001 86940 022 D000001 0 022 A000002 LEHMAN, INC. 022 B000002 13-2518466 022 C000002 84543 022 D000002 2339 022 A000003 LANSTON (AUBREY) & CO., INC. 022 B000003 13-5552129 022 C000003 72695 022 D000003 0 022 A000004 PAINEWEBBER, INC. 022 B000004 13-2638166 022 C000004 64909 022 D000004 1348 022 A000005 MORGAN GUARANTY TRUST CO. 022 B000005 0000000000 022 C000005 53675 022 D000005 0 022 A000006 MORGAN (J.P.) SECURITIES INC. 022 B000006 13-2655998 022 C000006 26864 PAGE 8 022 D000006 1050 022 A000007 SMITH BARNEY INC. 022 B000007 13-1912900 022 C000007 16319 022 D000007 1749 022 A000008 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC. 022 B000008 13-5674085 022 C000008 11815 022 D000008 5340 022 A000009 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP. 022 B000009 13-2741729 022 C000009 6471 022 D000009 7252 022 A000010 CS FIRST BOSTON CORP. 022 B000010 0000000000 022 C000010 6569 022 D000010 6250 023 C000000 467719 023 D000000 54692 024 000000 N 025 A000001 DELETE 025 D000001 0 025 D000002 0 025 D000003 0 025 D000004 0 025 D000005 0 025 D000006 0 025 D000007 0 025 D000008 0 026 A000000 N 026 B000000 Y 026 C000000 N 026 D000000 Y 026 E000000 N 026 F000000 N 026 G010000 N 026 G020000 N 026 H000000 N 027 000000 N 028 A010000 0 028 A020000 0 028 A030000 0 028 A040000 0 028 B010000 0 028 B020000 0 028 B030000 0 028 B040000 0 028 C010000 0 028 C020000 0 028 C030000 0 028 C040000 0 PAGE 9 028 D010000 0 028 D020000 0 028 D030000 0 028 D040000 0 028 E010000 0 028 E020000 0 028 E030000 0 028 E040000 0 028 F010000 0 028 F020000 0 028 F030000 0 028 F040000 0 028 G010000 0 028 G020000 0 028 G030000 0 028 G040000 0 028 H000000 0 030 A000000 0 030 B000000 0.00 030 C000000 0.00 031 A000000 0 031 B000000 0 032 000000 0 033 000000 0 035 000000 0 036 B000000 0 038 000000 0 042 A000000 0 042 B000000 0 042 C000000 0 042 D000000 0 042 E000000 0 042 F000000 0 042 G000000 0 042 H000000 0 043 000000 0 044 000000 0 045 000000 Y 046 000000 N 047 000000 Y 048 000000 0.500 048 A010000 0 048 A020000 0.000 048 B010000 0 048 B020000 0.000 048 C010000 0 048 C020000 0.000 048 D010000 0 048 D020000 0.000 048 E010000 0 048 E020000 0.000 PAGE 10 048 F010000 0 048 F020000 0.000 048 G010000 0 048 G020000 0.000 048 H010000 0 048 H020000 0.000 048 I010000 0 048 I020000 0.000 048 J010000 0 048 J020000 0.000 048 K010000 0 048 K020000 0.000 049 000000 N 050 000000 N 051 000000 N 052 000000 N 053 A000000 N 054 A000000 Y 054 B000000 Y 054 C000000 N 054 D000000 N 054 E000000 N 054 F000000 N 054 G000000 Y 054 H000000 Y 054 I000000 N 054 J000000 N 054 K000000 N 054 L000000 N 054 M000000 Y 054 N000000 N 054 O000000 N 055 A000000 Y 055 B000000 Y 056 000000 Y 057 000000 N 058 A000000 N 059 000000 Y 060 A000000 Y 060 B000000 Y 061 000000 0 062 A000000 Y 062 B000000 0.0 062 C000000 0.0 062 D000000 1.4 062 E000000 0.0 062 F000000 0.0 062 G000000 0.0 062 H000000 0.0 062 I000000 0.0 062 J000000 0.0 PAGE 11 062 K000000 0.0 062 L000000 0.8 062 M000000 0.0 062 N000000 0.0 062 O000000 0.0 062 P000000 109.2 062 Q000000 3.0 062 R000000 2.8 063 A000000 0 063 B000000 8.6 064 A000000 N 064 B000000 Y 065 000000 N 066 A000000 N 067 000000 N 068 A000000 N 068 B000000 N 069 000000 N 070 A010000 Y 070 A020000 Y 070 B010000 Y 070 B020000 N 070 C010000 Y 070 C020000 N 070 D010000 Y 070 D020000 N 070 E010000 Y 070 E020000 N 070 F010000 Y 070 F020000 N 070 G010000 Y 070 G020000 N 070 H010000 Y 070 H020000 N 070 I010000 N 070 I020000 N 070 J010000 Y 070 J020000 Y 070 K010000 N 070 K020000 N 070 L010000 Y 070 L020000 Y 070 M010000 N 070 M020000 N 070 N010000 Y 070 N020000 N 070 O010000 Y 070 O020000 Y 070 P010000 Y 070 P020000 N 070 Q010000 N PAGE 12 070 Q020000 N 070 R010000 N 070 R020000 N 071 A000000 66456 071 B000000 66552 071 C000000 109988 071 D000000 60 072 A000000 12 072 B000000 11360 072 C000000 102 072 D000000 0 072 E000000 0 072 F000000 481 072 G000000 192 072 H000000 0 072 I000000 41 072 J000000 90 072 K000000 0 072 L000000 38 072 M000000 21 072 N000000 0 072 O000000 0 072 P000000 1184 072 Q000000 0 072 R000000 27 072 S000000 71 072 T000000 0 072 U000000 0 072 V000000 0 072 W000000 78 072 X000000 2223 072 Y000000 0 072 Z000000 9239 072AA000000 3209 072BB000000 649 072CC010000 0 072CC020000 1353 072DD010000 9409 072DD020000 0 072EE000000 0 073 A010000 0.8400 073 A020000 0.0000 073 B000000 0.0000 073 C000000 0.0000 074 A000000 0 074 B000000 1350 074 C000000 714 074 D000000 104840 074 E000000 2614 074 F000000 94 074 G000000 0 PAGE 13 074 H000000 0 074 I000000 2904 074 J000000 960 074 K000000 0 074 L000000 2695 074 M000000 61 074 N000000 116232 074 O000000 1118 074 P000000 81 074 Q000000 0 074 R010000 0 074 R020000 0 074 R030000 0 074 R040000 18991 074 S000000 0 074 T000000 96042 074 U010000 11251 074 U020000 0 074 V010000 8.54 074 V020000 0.00 074 W000000 0.0000 074 X000000 1250 074 Y000000 0 075 A000000 0 075 B000000 95946 076 000000 9.00 077 A000000 Y 077 B000000 Y 077 C000000 Y 077 D000000 N 077 E000000 N 077 F000000 N 077 G000000 N 077 H000000 N 077 J000000 N 077 K000000 Y 077 L000000 N 077 M000000 N 077 N000000 N 077 O000000 N 077 P000000 N 077 Q010000 Y 077 Q020000 Y 077 Q030000 N 080 A000000 ICI MUTUAL INSURANCE CO. 080 C000000 750000 081 A000000 Y 081 B000000 81 082 A000000 Y 082 B000000 25 083 A000000 N PAGE 14 083 B000000 0 084 A000000 N 084 B000000 0 085 A000000 Y 085 B000000 N 086 A010000 53 086 A020000 451 086 B010000 0 086 B020000 0 086 C010000 0 086 C020000 0 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 087 A010000 COMMON STOCK 087 A020000 422906100 087 A030000 HYP 088 A000000 N 088 B000000 N 088 C000000 N 088 D000000 N SIGNATURE DOUGLAS H. MCCORKINDALE TITLE TREASURER EX-27 2 HIGH YIELD PLUS
6 0000828990 THE HIGH YIELD PLUS FUND, INC. 001 THE HIGH YIELD PLUS FUND, INC. YEAR MAR-31-1997 MAR-31-1997 112,045,541 112,515,823 3,655,501 60,792 0 116,232,116 1,118,402 0 19,071,394 20,189,796 0 103,394,305 11,250,532 11,143,807 330,378 0 (8,152,645) 0 470,282 96,042,320 101,494 11,360,077 0 2,222,940 9,238,631 2,559,619 (1,353,218) 10,445,032 0 (9,238,631) (170,811) 0 0 0 915,455 1,951,045 501,189 (10,712,264) 0 0 480,973 1,183,903 2,222,940 95,946,000 8.44 0.82 0.12 (0.82) (0.02) 0.00 8.54 1.08 6,336,000 0.28
EX-99 3 HIGH YIELD PLUS February 25, 1997 Mr. Douglas McCorkindale, President First Financial Fund, Inc. The High Yield Plus Fund, Inc. Gateway Center Three 100 Mulberry Street Newark, New Jersey 07102-4072 Dear Mr. McCorkindale: This is to confirm that the client-auditor relationship between Deloitte & Touche llp and the following Prudential Mutual Funds has been terminated: First Financial Fund, Inc. The High Yield Plus Fund, Inc. Yours truly, DELOITTE & TOUCHE LLP New York, New York cc: Office of the Chief Accountant SECPS Letter File Securities and Exchange Commission Mail Stop 9-5 450 5th Street, N.W. Washington, D.C. 20549 EX-99 4 HIGH YIELD PLUS April 16, 1997 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, DC 20549 RE: Funds managed or administered by Prudential Mutual Fund Management LLC (the "Funds") Gentlemen: At meetings held between February 18 and 20, 1997, the Board of Directors of the Funds (see attached exhibit) approved the engagement of Price Waterhouse LLP as their independent auditors for their fiscal years ending after February 28, 1997 to replace the firm of Deloitte & Touche LLP effective March 1, 1997. The reports of Deloitte & Touche LLP on the Funds' financial statements for the past two fiscal years did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope, or accounting principles. In connection with the audits of the Funds' financial statements for each of the prior two fiscal years and in the subsequent interim period, there were no disagreements with Deloitte & Touche LLP on any matters of accounting principles or practices, financial statement disclosure, or auditing scope and procedures which, if not resolved to the satisfaction of Deloitte & Touche LLP, would have caused Deloitte & Touche LLP to make reference to the matter in their report. The Funds have requested Deloitte & Touche LLP to furnish them a letter addressed to the Commission stating whether they agree with the above statements. A copy of that letter, dated April 16, 1997 is attached hereto. Sincerely, Eugene S. Stark Grace Torres Treasurer Treasurer ESS/rr \Gen-SECLtrPW-4-15-97.doc Exhibit Board of Next Fund Director Fiscal Treasurer Meeting Date Year End The BlackRock Government 2/18/97 6/30/97 Eugene S. Income Trust Stark Global Utility Fund, Inc. 2/18/97 9/30/97 Grace Torres Prudential Allocation Fund 2/19/97 7/31/97 Grace Torres Prudential California 2/20/97 8/31/97 Eugene S. Municipal Fund Stark Prudential Distressed 2/19/97 11/30/9 Grace Securities Fund, Inc. 7 Torres Prudential Diversified 2/20/97 12/31/9 Eugene S. Bond Fund, Inc. 7 Stark Prudential Dryden Fund 2/19/97 9/30/97 Eugene S. Stark Prudential Equity Income 2/19/97 10/31/9 Grace Fund 7 Torres Prudential Europe Growth 2/21/97 4/30/97 Grace Fund, Inc. Torres Prudential Global Limited 2/19/97 10/31/9 Grace Maturity Fund, Inc. 7 Torres Prudential Government 2/20/97 2/28/98 Eugene S. Income Fund, Inc. Stark Prudential Institutional 2/21/97 3/31/97 Eugene S. Liquidity Portfolio, Inc. Stark Prudential Jennison Series 2/19/97 9/30/97 Eugene S. Fund, Inc. Stark Prudential MoneyMart 2/21/97 12/31/9 Grace Assets, Inc. 7 Torres Prudential Multi-Sector 2/19/97 4/30/97 Grace Fund, Inc. Torres Prudential Municipal Bond 2/20/97 4/30/97 Grace Fund Torres Prudential Municipal 2/20/97 8/31/97 Grace Series Fund Torres Prudential Pacific Growth 2/21/97 10/31/9 Eugene S. Fund, Inc. 7 Stark Prudential Special Money 2/21/97 6/30/97 Eugene S. Market Fund, Inc. Stark Prudential Structured 2/20/97 12/31/9 Eugene S. Maturity Fund, Inc. 7 Stark Prudential World Fund, 2/21/97 10/31/9 Grace Inc. 7 Torres The Global Total Return 2/19/97 12/31/9 Eugene S. Fund, Inc. 7 Stark The Target Portfolio Trust 2/18/97 12/31/9 Grace 7 Torres First Financial Fund, Inc. 2/18/97 3/31/97 Grace Torres The High Yield Plus Fund, 2/18/97 3/31/97 Grace Inc. Torres EX-99 5 HIGH YIELD PLUS E:\OSUNKWO\FUNDS\HYP\NSAR-77C.597 For the semi-annual period ended (a) 3/31/97 File number (c) 811-5468 SUB-ITEM 77C Submission of Matters to a Vote of Security Holders The Annual Meeting of Stockholders was held on October 30, 1996. At such meeting the shareholders approved the following proposals: 1) That Eugene C. Dorsey be elected as a Class I Director, and Douglas H. McCorkindale be elected as a Class II Director, to hold office until the 1998 and 1999 annual meetings of stockholders, respectively, and until their successors shall have been duly elected and shall have qualified. Affirmative Negative Withhold/ Votes Cast Votes Cast Abstain Eugene C. Dorsey 5,829,461 0 116,028 Douglas H. McCorkindale 5,829,869 0 115,621 2.) That the selection of Deloitte & Touche LLP as independent accountants for the Fund for the fiscal year ending March 31, 1997, conditioned upon the right of the Fund by vote of a majority of its outstanding voting securities at any meeting called for the purpose to terminate such employment forthwith without penalty be, and it hereby is, in all respects ratified. Affirmative Negative Withhold/ Votes Cast Votes Cast Abstain 5,834,322 42,466 68,702 EX-99 6 HIGH YIELD PLUS E:\DGARFIEL\FUNDS\HIYLDPLU\MISC\NSAR-77Q.597 For the semi-annual period ended 3/31/97 File number (c) 811-5468 SUB-ITEM 77Q2 Section 16(a) Beneficial Ownership Reporting Compliance For the fiscal year ended March 31, 1996, an initial statement of beneficial ownership of the Fund's shares on Form 3 was not filed on behalf of Douglas H. McCorkindale (Director, President and Treasurer). In addition, a Form 5 was not filed on Mr. McCorkindale's behalf to report the failure to file the Form 3. EX-99 7 HIGH YIELD PLUS May 21, 1997 To the Board of Directors of The High Yield Plus Fund, Inc. In planning and performing our audit of the financial statements of The High Yield Plus Fund, Inc. (the "Fund") for the year ended March 31, 1997, we considered its internal control structure, including procedures for safeguarding securities, in order to determine our auditing procedures for the purposes of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, and not to provide assurance on the internal control structure. The management of the Fund is responsible for establishing and maintaining an internal control structure. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of internal control structure policies and procedures. Two of the objectives of an internal control structure are to provide management with reasonable, but not absolute, assurance that assets are appropriately safeguarded against loss from unauthorized use or disposition and that transactions are executed in accordance with management's authorization and recorded properly to permit preparation of financial statements in conformity with generally accepted accounting principles. Because of inherent limitations in any internal control structure, errors or irregularities may occur and may not be detected. Also, projection of any evaluation of the structure to future periods is 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 the internal control structure would not necessarily disclose all matters in the internal control structure 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 the specific internal control structure elements does not reduce to a relatively low level the risk that errors or irregularities 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 the internal control structure, including procedures for safeguarding securities, that we consider to be material weaknesses as defined above as of March 31, 1997. This report is intended solely for the information and use of management and the Securities and Exchange Commission. PRICE WATERHOUSE LLP
-----END PRIVACY-ENHANCED MESSAGE-----