 |
STATEMENT OF ASSETS AND LIABILITIES
Three Months Ended March 31, 2000 (unaudited)
Investment Income
Income:
Dividends:
From unaffiliated issuers $ 4,822,723
From non-controlled affiliate 84,706
Interest 1,199,262
---------------------------------------------------------------------------
Total income 6,106,691
---------------------------------------------------------------------------
Expenses:
Investment research 1,479,870
Administration and operations 663,004
Directors' fees 52,500
Reports and stockholder communications 156,007
Transfer agent, registrar and custodian expenses 95,666
Auditing services 13,941
Legal services 37,796
Occupancy and other office expenses 76,836
Travel, telephone and postage 32,276
Other 73,142
---------------------------------------------------------------------------
Total expenses 2,681,038
---------------------------------------------------------------------------
Net Investment Income 3,425,653
---------------------------------------------------------------------------
Realized Gain and Change in Unrealized Appreciation on
Investments
Net realized gain on security transactions 63,723,000
Net realized gain distributed by regulated investment company
(non-controlled affiliate) 157,311
Change in unrealized appreciation on investments 95,254,337
---------------------------------------------------------------------------
Net Gain on Investments 159,134,648
---------------------------------------------------------------------------
Change in Net Assets Resulting from Operations $162,560,301
===========================================================================
|
