The Fund adjusts the  classification of distributions to shareholders to reflect
the differences between financial statement amounts and distributions determined
in accordance with income tax  regulations.  Accordingly,  during the year ended
September  30,  2000,  amounts have been  reclassified  to reflect a decrease in
paid-in  capital of  $10,433,051,  a decrease in  undistributed  net  investment
income of  $3,253,636,  and a  decrease  in  accumulated  net  realized  loss on
investments  of  $13,686,687.  Net  assets  of the Fund were  unaffected  by the
reclassifications.