-----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, M6/ETJ+9Wv7dWOvY9Ch+chcFS8yK/aJJsIvOHcFa1t6GwKIo9IoTn58o1LfshgpY zfX0Uap/gBflJM70Nto5sQ== 0000950124-07-005332.txt : 20071025 0000950124-07-005332.hdr.sgml : 20071025 20071025172316 ACCESSION NUMBER: 0000950124-07-005332 CONFORMED SUBMISSION TYPE: N-Q/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070731 FILED AS OF DATE: 20071025 DATE AS OF CHANGE: 20071025 EFFECTIVENESS DATE: 20071025 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RIVERSOURCE GLOBAL SERIES INC CENTRAL INDEX KEY: 0000842918 IRS NUMBER: 411850486 STATE OF INCORPORATION: MN FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: N-Q/A SEC ACT: 1940 Act SEC FILE NUMBER: 811-05696 FILM NUMBER: 071191603 BUSINESS ADDRESS: STREET 1: 50606 AMERIPRSE FINANCIAL CENTER STREET 2: H27/5228 CITY: MINNEAPOLIS STATE: MN ZIP: 55474 BUSINESS PHONE: 6126714321 MAIL ADDRESS: STREET 1: 50606 AMERIPRSE FINANCIAL CENTER STREET 2: H27/5228 CITY: MINNEAPOLIS STATE: MN ZIP: 55474 FORMER COMPANY: FORMER CONFORMED NAME: RIVERSOURCE GLOBAL SERIES, INC. DATE OF NAME CHANGE: 20060504 FORMER COMPANY: FORMER CONFORMED NAME: AXP GLOBAL SERIES INC DATE OF NAME CHANGE: 19991228 FORMER COMPANY: FORMER CONFORMED NAME: IDS GLOBAL SERIES INC DATE OF NAME CHANGE: 19920703 0000842918 S000007870 RiverSource Absolute Return Currency and Income Fund C000021407 RiverSource Absolute Return Currency and Income Fund Class A C000021408 RiverSource Absolute Return Currency and Income Fund Class B C000021409 RiverSource Absolute Return Currency and Income Fund Class C C000021410 RiverSource Absolute Return Currency and Income Fund Class I RVAIX C000043015 RiverSource Absolute Return Currency and Income Fund Class R4 C000043016 RiverSource Absolute Return Currency and Income Fund Class W RACWX N-Q/A 1 c20184a1nvqza.txt AMENDMENT TO FORM N-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM N-Q/A AMENDED QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANIES Investment Company Act File Number 811-5696 -------- RIVERSOURCE GLOBAL SERIES, INC. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in charter) 50606 Ameriprise Financial Center, Minneapolis, Minnesota 55474 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip code) Scott R. Plummer - 5228 Ameriprise Financial Center, Minneapolis, MN 55474 - -------------------------------------------------------------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: (612) 671-1947 -------------- Date of fiscal year end: 10/31 -------------- Date of reporting period: 07/31 -------------- PORTFOLIO HOLDINGS FOR RIVERSOURCE ABSOLUTE RETURN CURRENCY AND INCOME FUND AT JULY 31, 2007 INVESTMENTS IN SECURITIES JULY 31, 2007 (UNAUDITED) (Percentages represent value of investments compared to net assets)
BONDS (30.5%) COUPON PRINCIPAL ISSUER RATE AMOUNT VALUE (A) ASSET-BACKED (11.2%) Capital Auto Receivables Asset Trust Series 2006-SN1A Cl A4B 03-20-10 5.43% $1,500,000(d,e) $1,500,200 Citibank Credit Card Issuance Trust Series 2003-A9 Cl A9 11-22-10 5.44 455,000(e) 455,498 College Loan Corp Trust Series 2004-1 Cl A2 04-25-16 5.47 2,500,000(e) 2,502,249 Countrywide Asset-backed Ctfs Series 2007-7 Cl 2A2 10-25-37 5.48 1,000,000(e) 993,906 Countrywide Home Equity Loan Trust Series 2005-H Cl 2A (FGIC) 12-15-35 5.56 240,044(e,g) 239,715 Countrywide Home Equity Loan Trust Series 2005-M Cl A2 (MBIA) 02-15-36 5.44 533,597(e,g) 533,547 Harley-Davidson Motorcycle Trust Series 2005-1 Cl A1 07-15-09 3.28 8,004 7,999 Keycorp Student Loan Trust Series 2003-A Cl 2A2 (MBIA) 10-25-25 5.67 967,830(e,g) 972,215 Long Beach Auto Receivables Trust Series 2004-B Cl A3 (FSA) 06-15-09 3.46 9,171(g) 9,163 Nissan Auto Receivables Owner Trust Series 2003-C Cl A5 03-16-09 3.21 103,075 102,555 Residential Asset Securities Series 2006-KS2 Cl A2 03-25-36 5.45 800,000(e) 798,500 SLM Student Loan Trust Series 2003-4 Cl A3 12-15-15 5.46 27,734(e) 27,737 SLM Student Loan Trust Series 2004-3 Cl A3 04-25-16 5.45 995,462(e) 996,270
BONDS (CONTINUED) COUPON PRINCIPAL ISSUER RATE AMOUNT VALUE (A) ASSET-BACKED (CONT.) SLM Student Loan Trust Series 2005-5 Cl A1 01-25-18 5.36% $120,656(e) $120,683 SLM Student Loan Trust Series 2006-2 Cl A2 01-25-17 5.36 220,868(e) 220,863 SLM Student Loan Trust Series 2006-5 Cl A2 07-25-17 5.35 1,142,897(e) 1,142,540 SLM Student Loan Trust Series 2006-A Cl A1 03-16-20 5.38 1,861,591(e) 1,861,554 Structured Asset Investment Loan Trust Series 2006-1 Cl A1 01-25-36 5.40 127,565(e) 127,445 Volkswagen Auto Lease Trust Series 2005-A Cl A3 05-20-08 3.82 33,248 33,217 --------------- Total 12,645,856 - ------------------------------------------------------------------------------------ COMMERCIAL MORTGAGE-BACKED (2.3%)(f) Commercial Mtge Pass-Through Ctfs Series 2007-FL14 Cl MKL1 06-15-22 6.12 250,000(d,e) 249,688 Morgan Stanley Capital I Series 2003-IQ6 Cl A1 12-15-41 2.80 951,469 941,061 TrizecHahn Office Properties Trust Series 2001-TZHA Cl C3 03-15-13 6.52 1,363,412(d) 1,366,260 --------------- Total 2,557,009 - ------------------------------------------------------------------------------------ MORTGAGE-BACKED (3.2%)(f) Deutsche Bank Alternate Mtge Loan Trust Collateralized Mtge Obligation Series 2006-AR6 Cl A3 02-25-37 5.41 573,226(e) 570,945 Downey Savings & Loan Assn Mtge Loan Trust Collateralized Mtge Obligation Series 2006-AR2 Cl 2AB1 11-19-37 5.41 919,479(b) 918,731
BONDS (CONTINUED) COUPON PRINCIPAL ISSUER RATE AMOUNT VALUE (A) MORTGAGE-BACKED (CONT.) Harborview Mtge Loan Trust Collateralized Mtge Obligation Series 2006-12 Cl 2A11 01-19-38 5.41% $975,635(b) $976,339 Harborview Mtge Loan Trust Collateralized Mtge Obligation Series 2006-8 Cl 2A1B 08-21-36 5.57 1,135,434(b) 1,135,041 --------------- Total 3,601,056 - ------------------------------------------------------------------------------------ AUTOMOTIVE (0.4%) American Honda Finance 07-11-08 5.44 400,000(d,e) 400,558 - ------------------------------------------------------------------------------------ BANKING (4.9%) ANZ Natl Intl 08-07-09 5.40 750,000(c,d,e) 749,705 Bank of America Sr Nts 02-17-09 5.51 640,000(e) 641,447 Citigroup 06-09-09 5.50 640,000(e) 641,443 JPMorgan Chase & Co Sr Nts 12-22-08 5.41 400,000(e) 399,794 03-09-09 5.54 250,000(e) 250,358 Rabobank Nederland Sr Nts 01-15-09 5.38 600,000(c,d,e) 600,220 Santander US Debt Unipersonal Bank Guaranteed 09-19-08 5.42 640,000(c,d,e) 640,478 Wachovia Sr Nts 10-28-08 5.41 640,000(e) 640,687 Wells Fargo 03-10-08 5.40 640,000(e) 640,371 World Savings Bank FSB Sr Nts 03-02-09 5.49 400,000(e) 401,041 --------------- Total 5,605,544 - ------------------------------------------------------------------------------------
See accompanying notes to investments in securities. - -------------------------------------------------------------------------------- 1 RIVERSOURCE ABSOLUTE RETURN CURRENCY AND INCOME FUND -- PORTFOLIO HOLDINGS AT JULY 31, 2007
BONDS (CONTINUED) COUPON PRINCIPAL ISSUER RATE AMOUNT VALUE(A) BROKERAGE (3.0%) Bear Stearns Companies 03-30-09 5.45% $750,000(e) $749,164 Credit Suisse First Boston USA Sr Nts 12-09-08 5.49 640,000(e) 640,684 Lehman Brothers Holdings 10-22-08 5.45 640,000(e) 640,018 Merrill Lynch & Co 08-22-08 5.45 640,000(e) 639,240 Morgan Stanley Sr Unsecured 02-09-09 5.47 640,000(e) 639,962 --------------- Total 3,309,068 - ------------------------------------------------------------------------------------ CONSTRUCTION MACHINERY (0.9%) Caterpillar Financial Services 10-28-08 5.43 400,000(e) 400,370 John Deere Capital 06-10-08 5.49 640,000(e) 640,868 --------------- Total 1,041,238 - ------------------------------------------------------------------------------------ FOOD AND BEVERAGE (0.6%) Diageo Capital 11-10-08 5.46 640,000(c,e) 640,433 - ------------------------------------------------------------------------------------ LIFE INSURANCE (1.5%) ING Security Life Institutional Funding 01-14-08 5.44 640,000(d,e) 640,255 Pacific Life Global Funding 11-13-08 5.45 400,000(d,e) 400,788 Pricoa Global Funding 1 09-12-08 5.37 640,000(d,e) 640,455 --------------- Total 1,681,498 - ------------------------------------------------------------------------------------ NON CAPTIVE DIVERSIFIED (0.6%) General Electric Capital 12-01-08 5.51 640,000(e) 640,992 - ------------------------------------------------------------------------------------ OTHER FINANCIAL INSTITUTIONS (0.6%) Berkshire Hathaway Finance 01-11-08 5.41 640,000(e) 640,557 - ------------------------------------------------------------------------------------
BONDS (CONTINUED) COUPON PRINCIPAL ISSUER RATE AMOUNT VALUE(A) PROPERTY & CASUALTY (0.6%) Allstate Life Global Funding Trusts Secured 11-14-07 5.38% $640,000(e) $640,159 - ------------------------------------------------------------------------------------ WIRELINES (0.7%) BellSouth Sr Unsecured 08-15-08 5.46 750,000(e) 750,626 - ------------------------------------------------------------------------------------ TOTAL BONDS (Cost: $34,168,786) $34,154,594 - ------------------------------------------------------------------------------------
MONEY MARKET FUND (19.3%) SHARES VALUE(A) RiverSource Short-Term Cash Fund 21,582,698(i) $21,582,698 - ----------------------------------------------------------------------------------- TOTAL MONEY MARKET FUND (Cost: $21,582,698) $21,582,698 - -----------------------------------------------------------------------------------
FLOATING RATE NOTES (2.7%) AMOUNT EFFECTIVE PAYABLE AT ISSUER YIELD MATURITY VALUE(A) White Pine Finance LLC 02-25-08 5.36% $3,000,000 $3,001,035 - ----------------------------------------------------------------------------------- TOTAL FLOATING RATE NOTES (Cost: $3,000,276) $3,001,035 - -----------------------------------------------------------------------------------
SHORT-TERM SECURITIES (49.1%) AMOUNT EFFECTIVE PAYABLE AT ISSUER YIELD MATURITY VALUE(A) ASSET-BACKED (22.5%) BA Credit Card Trust 08-02-07 5.31% $4,000,000(h) $3,998,835 Cullinan Finance 11-21-07 5.27 4,000,000 3,935,807
SHORT-TERM SECURITIES (CONTINUED) AMOUNT EFFECTIVE PAYABLE AT ISSUER YIELD MATURITY VALUE(A) ASSET-BACKED (CONT.) Deer Valley Funding LLC 08-20-07 5.25% $3,000,000 $2,991,393 Dorada Finance 09-12-07 5.27 4,000,000 3,975,328 Ebury Finance LLC 10-05-07 5.21 3,050,000 3,021,539 K2 (USA) LLC 10-17-07 5.23 4,000,000 3,955,783 Nelnet Student Asset Funding LLC 09-17-07 5.43 3,400,000 3,375,883 --------------- Total 25,254,568 - ----------------------------------------------------------------------------------- COMMERCIAL PAPER (26.6%) Alpine Securitization 01-02-08 5.26 4,000,000(h) 3,912,579 Axon Financial Funding LLC 09-04-07 5.26 4,000,000 3,979,919 Bryant Park Funding LLC 08-13-07 5.24 3,500,000(h) 3,493,486 Chesham Finance LLC 10-09-07 5.22 3,196,000 3,164,341 Cheyne Finance LLC 11-20-07 5.27 2,000,000 1,968,190 12-11-07 5.26 2,000,000 1,962,389 Grampian Funding LLC 12-14-07 5.26 4,000,000(h) 3,923,068 Irish Life & Permanent 10-16-07 5.23 4,000,000(h) 3,956,357 Sigma Finance 11-29-07 5.25 3,500,000 3,440,164 --------------- Total 29,800,493 - ----------------------------------------------------------------------------------- TOTAL SHORT-TERM SECURITIES (Cost: $55,050,295) $55,055,061 - ----------------------------------------------------------------------------------- TOTAL INVESTMENTS IN SECURITIES (Cost: $113,802,055)(j) $113,793,388 ===================================================================================
NOTES TO INVESTMENTS IN SECURITIES (a) Securities are valued by procedures described in Note 1 to the financial statements in the most recent Semiannual Report dated April 30, 2007. (b) Adjustable rate mortgage; interest rate varies to reflect current market conditions; rate shown is the effective rate on July 31, 2007. (c) Foreign security values are stated in U.S. dollars. For debt securities, principal amounts are denominated in U.S. dollar currency unless otherwise noted. At July 31, 2007, the value of foreign securities represented 2.3% of net assets. (d) Represents a security sold under Rule 144A, which is exempt from registration under the Securities Act of 1933, as amended. This security has been determined to be liquid under guidelines established by the Fund's Board of Directors. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2007, the value of these securities amounted to $7,188,607 or 6.4% of net assets. (e) Interest rate varies either based on a predetermined schedule or to reflect current market conditions; rate shown is the effective rate on July 31, 2007. (f) Mortgage-backed securities represent direct or indirect participations in, or are secured by and payable from, mortgage loans secured by real property, and include single-and multi-class pass-through securities and collateralized mortgage obligations. These securities may be issued or guaranteed by U.S. government agencies or instrumentalities, or by private issuers, generally originators and investors in mortgage loans, including savings associations, mortgage bankers, commercial banks, investment bankers and special purpose entities. The maturity dates shown represent the original maturity of the underlying obligation. Actual maturity may vary based upon prepayment activity on these obligations. Unless otherwise noted, the coupon rates presented are fixed rates. (g) The following abbreviations are used in the portfolio security descriptions to identify the insurer of the issue: FGIC -- Financial Guaranty Insurance Company FSA -- Financial Security Assurance MBIA -- MBIA Insurance Corporation
- -------------------------------------------------------------------------------- 2 RIVERSOURCE ABSOLUTE RETURN CURRENCY AND INCOME FUND -- PORTFOLIO HOLDINGS AT JULY 31, 2007 NOTES TO INVESTMENTS IN SECURITIES (CONTINUED) (h) Commercial paper sold within terms of a private placement memorandum, exempt from registration under Section 4(2) of the Securities Act of 1933, as amended, and may be sold only to dealers in that program or other "accredited investors." This security has been determined to be liquid under guidelines established by the Fund's Board of Directors. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2007, the value of these securities amounted to $19,284,325 or 17.2% of net assets. (i) Affiliated Money Market Fund -- The Fund may invest its daily cash balance in RiverSource Short-Term Cash Fund, a money market fund established for the exclusive use of the RiverSource funds and other institutional clients of RiverSource Investments. (j) At July 31, 2007, the cost of securities for federal income tax purposes was approximately $113,802,000 and the approximate aggregate gross unrealized appreciation and depreciation based on that cost was: Unrealized appreciation $22,000 Unrealized depreciation (31,000) - ----------------------------------------------------------------------------- Net unrealized depreciation $(9,000) - -----------------------------------------------------------------------------
FORWARD FOREIGN CURRENCY CONTRACTS The Fund's investment objective and strategy employs the use of forward foreign currency contracts. At July 31, 2007, the Fund has forward foreign currency exchange contracts that obligate it to deliver currencies at specified future dates. The terms of the open contracts are as follows:
CURRENCY TO CURRENCY TO UNREALIZED UNREALIZED EXCHANGE DATE BE DELIVERED BE RECEIVED APPRECIATION DEPRECIATION - --------------------------------------------------------------------------------------------------------------------------------- Aug. 23, 2007 11,929,000 16,498,165 $163,099 $-- European Monetary Unit U.S. Dollar Aug. 23, 2007 1,928,914,000 15,956,075 -- 375,685 Japanese Yen U.S. Dollar Aug. 23, 2007 1,300,866,000 11,013,555 -- 638 Japanese Yen U.S. Dollar Aug. 23, 2007 13,080,000 10,900,908 -- 2,949 Swiss Franc U.S. Dollar Aug. 23, 2007 15,921,338 16,605,000 -- 348,021 U.S. Dollar Canadian Dollar Aug. 23, 2007 11,620,978 12,404,000 12,350 -- U.S. Dollar Canadian Dollar Aug. 23, 2007 17,153,758 21,401,000 -- 875,409 U.S. Dollar New Zealand Dollar Aug. 23, 2007 10,609,212 60,690,000 -- 192,396 U.S. Dollar Norwegian Krone Aug. 23, 2007 473,180 2,762,000 889 -- U.S. Dollar Norwegian Krone - --------------------------------------------------------------------------------------------------------------------------------- Total $176,338 $1,795,098
HOW TO FIND INFORMATION ABOUT THE FUND'S PORTFOLIO HOLDINGS (i) The Fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (Commission) for the first and third quarters of each fiscal year on Form N-Q; (ii) The Fund's Forms N-Q are available on the Commission's website at http://www.sec.gov; (iii)The Fund's Forms N-Q may be reviewed and copied at the Commission's Public Reference Room in Washington, DC (information on the operations of the Public Reference Room may be obtained by calling 1-800-SEC-0330); and (iv) The Fund's complete schedule of portfolio holdings, as disclosed in its annual and semiannual shareholder reports and in its filings on Form N-Q, can be found at riversource.com/funds. - -------------------------------------------------------------------------------- 3 RIVERSOURCE ABSOLUTE RETURN CURRENCY AND INCOME FUND -- PORTFOLIO HOLDINGS AT JULY 31, 2007 Item 2. Control and Procedures. (a) Based upon their evaluation of the registrant's disclosure controls and procedures as conducted within 90 days of the filing date of this report, the registrant's principal financial officer and principal executive officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms. (b) There were no changes in the registrant's internal control over financial reporting that occurred during the registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting. Item 3. Exhibits. Separate certification for the Registrant's principal executive officer and principal financial officer as required by Rule 30a-2(a) under the Investment Company Act of 1940. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. (Registrant) RiverSource Global Series, Inc. By /s/ Patrick T. Bannigan ----------------------- Patrick T. Bannigan President and Principal Executive Officer Date October 25, 2007 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated. By /s/ Patrick T. Bannigan ----------------------- Patrick T. Bannigan President and Principal Executive Officer Date October 25, 2007 By /s/ Jeffrey P. Fox ------------------ Jeffrey P. Fox Treasurer and Principal Financial Officer Date October 25, 2007 EX-99.CERT 2 c20184a1exv99wcert.txt CERTIFICATIONS PURSUANT TO SECTION 302 Exhibit Certification Pursuant to 270.30a-2 of the Investment Company Act of 1940 I, Patrick T. Bannigan, certify that: 1. I have reviewed this report on Form N-Q/A of RiverSource Global Series, Inc.; 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 schedule of investments included in this report, fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, 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) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principals; c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures as of a date within 90 days prior to the filing date of this report based on such evaluation and d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer and I have disclosed, 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 and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: October 25, 2007 /s/ Patrick T. Bannigan ----------------------- Name: Patrick T. Bannigan Title: President and Principal Executive Officer Exhibit Certification Pursuant to 270.30a-2 of the Investment Company Act of 1940 I, Jeffrey P. Fox, certify that: 1. I have reviewed this report on Form N-Q/A of RiverSource Global Series, Inc.; 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 schedule of investments included in this report, fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, 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) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principals; c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures as of a date within 90 days prior to the filing date of this report based on such evaluation and d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer and I have disclosed, 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 and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: October 25, 2007 /s/ Jeffrey P. Fox ---------------------- Name: Jeffrey P. Fox Title: Treasurer and Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----