November 27, 2002

77K     Changes in Registrant's certifying accountant

Registrant's Board of Trustees has dismissed Arthur Andersen LLP ("Andersen") as
its principal accountant,  effective July 17, 2002. Registrant's Audit Committee
recommended  engaging Deloitte & Touche LLP as the principal accountant to audit
the Registrant's  financial  statements for the fiscal year ending September 30,
2002. At a board meeting on July 17, 2002, a majority of  Registrant's  Board of
Trustees,  including  a  majority  of the  independent  Trustees,  approved  the
appointment  of  Deloitte  & Touche  LLP as  Registrant's  independent  auditors
subject to the right of Registrant,  by a majority vote of the  shareholders  at
any meeting  called for that  purpose,  to  terminate  the  appointment  without
penalty.

Andersen's report on the financial statements for the fiscal years 2001 and 2000
did not  contain an adverse  opinion or a  disclaimer  of  opinion,  and was not
qualified or modified as to uncertainty, audit scope or accounting principles.

For fiscal  years 2001 and 2000,  and  during  the  period  prior to  Andersen's
dismissal,  Registrant and Andersen have not had any disagreements on any matter
of accounting  principles  or practices,  financial  statement  disclosures,  or
auditing  scope  or  procedure,  that  either  (1) have  not  been  resolved  to
Andersen's satisfaction and (2) or, if not resolved to Andersen's  satisfaction,
would  have  caused  it to  make  a  reference  to  the  subject  matter  of the
disagreement in connection with its report.

Registrant  discloses that no "reportable  events" as defined in Item 304(a) (v)
existed for fiscal years 2001 and 2000 and during the period prior to Deloitte &
Touche LLP's appointment, specifically:

Andersen did not advise  Registrant  that the internal  controls  necessary  for
Registrant to develop financial statements do not exist;

Andersen did not advise  Registrant  that it can no longer rely on  management's
representations,  or that it was unwilling to be  associated  with the financial
statements prepared by management;

Andersen did not advise Registrant of the need to expand significantly the scope
of its audit;

Andersen did not advise  Registrant  that  information had come to its attention
that  would  materially  impact  the  fairness  or  reliability  of either (i) a
previously issued audit report of the underlying financial  statements,  or (ii)
the financial statements issued or to be issued covering fiscal year 2001.

Registrant  has not consulted  Deloitte & Touche LLP on any  accounting  matters
prior to its engagement.