-----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, PAezAlJeLhIa7djKSC48MgvzWXfNyom3k7AKMtjIKR5YI0WVGlxWAyIdyIoH/+kJ 5DZDx9OeOZY6DLX077pxmQ== 0000854580-01-000001.txt : 20010307 0000854580-01-000001.hdr.sgml : 20010307 ACCESSION NUMBER: 0000854580-01-000001 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20001231 FILED AS OF DATE: 20010301 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PORTUGAL FUND INC CENTRAL INDEX KEY: 0000854580 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 510323965 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: SEC FILE NUMBER: 811-05891 FILM NUMBER: 1558874 BUSINESS ADDRESS: STREET 1: C/O BEAR STEARNS FUNDS MANAGEMENT INC STREET 2: 575 LEXINGTON AVENUE 9TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 MAIL ADDRESS: STREET 1: C/O BEAR STEARNS FUNDS MANAGEMENT INC STREET 2: 575 LEXINGTON AVENUE 9TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 NSAR-B 1 0001.txt N-SAR (6.1) PAGE 1 000 B000000 12/31/2000 000 C000000 0000854580 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 PROGRESSIVE RETURN FUND, INC. 001 B000000 811-5891 001 C000000 2122722093 002 A000000 575 LEXINGTON AVENUE 002 B000000 NEW YORK 002 C000000 NY 002 D010000 10022 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 10 007 C011100 11 007 C011200 12 007 C011300 13 007 C011400 14 007 C011500 15 007 C011600 16 007 C011700 17 007 C011800 18 007 C011900 19 007 C012000 20 008 A000001 CREDIT SUISSE ASSET MANAGEMENT, LLC 008 B000001 A 008 C000001 801-5083 008 D010001 NEW YORK 008 D020001 NY 008 D030001 10017 010 A000001 BEAR STEARNS FUNDS MANAGEMENT INC. 010 B000001 801-29862 010 C010001 NEW YORK PAGE 2 010 C020001 NY 010 C030001 10022 010 A000002 DELETE 011 A000001 DONALDSON LUFKIN & JENRETTE SECURITIES CORP. 011 B000001 8-00000 011 C010001 NEW YORK 011 C020001 NY 011 C030001 10005 011 A000002 JAMES CAPEL & CO. 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WESTLE TITLE SECRETARY EX-27 2 0002.txt
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EX-99.77B 3 0003.txt Report of Independent Accountants To the Board of Directors and Shareholders of The Progressive Return Fund, Inc. In planning and performing our audit of the financial statements of The Progressive Return Fund, Inc. (the "Company") for the year ended December 31, 2000, 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 Company 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 internal control, errors or fraud may occur and not be detected. Also, projection of any evaluation of internal control to future periods is subject to the risk that controls may become inadequate because of changes in conditions or that the effectiveness of their 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 and its operation, including controls for safeguarding securities, that we consider to be material weaknesses as defined above as of December 31, 2000. This report is intended solely for the information and use of the Board of Directors, management and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. PricewaterhouseCoopers LLP Two Commerce Square Philadelphia, Pennsylvania February 16, 2001 1 2 EX-99.77C 4 0004.txt RESULTS OF ANNUAL and SPECIAL MEETING OF SHAREHOLDERS (UNAUDITED) On April 28, 2000, the Annual Meeting of Shareholders of The Portugal Fund, Inc. (the "Fund") was held and the following matters were voted upon: (1) To elect two directors to the Board of Directors of the Fund. NAME OF DIRECTOR FOR WITHELD NON-VOTES Scott B. Rogers 3,571,592 326,425 819,299 Glenn W. Wilcox, Sr. 3,573,266 324,751 819,299 In addition to the directors elected at the meeting, William A. Clark and Andrew A. Strauss were appointed by other Board members to serve on the Board until the next Annual Meeting of Shareholders. Ralph W. Bradshaw continues to serve as a director to the Fund. (2) To ratify the selection of PricewaterhouseCoopers LLP as independent public accountants for the year ending December 31, 2000. FOR AGAINST ABSTAIN NON-VOTES 3,856,625 30,366 11,026 819,299 On December 15, 2000 a Special Meeting of Stockholders of The Portugal Fund, Inc. was held and the following matters were voted upon: (1)To elect two Class I Directors for the Fund to hold office until their successors are duly elected and qualified. NAME OF DIRECTOR FOR WITHELD NON-VOTES William A. Clark 2,261,625 223,414 1,987,377 Andrew A. Strauss 2,245,226 239,813 1,987,377 (2) To approve certain modifications to the Fund's investment objective, strategies and policies, which if approved will have the effect of broadening the scope of the Fund's investment strategies from one of investing primarily in "Portuguese securities", to one of investing primarily in "the securities of U.S. and non-U.S. issuers." FOR AGAINST WITHELD NON-VOTES 2,214,452 257,679 12,908 1,987,377 -----END PRIVACY-ENHANCED MESSAGE-----