NOTES TO FINANCIAL STATEMENTS
1. SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) all of its taxable income and net realized
capital gains to its shareholders. Therefore, no federal income tax provision is required. As of January 31, 1998,
the Fund had capital loss carryovers of $16,648,019, $18,629,658, and $1,742,109 which will expire on
January 31, 2003, January 31, 2004, and January 31, 2006, respectively.
DISTRIBUTIONS TO SHAREHOLDERS: The Fund distributes to its holders of common stock monthly
dividends of net investment income. Net realized capital gains, in excess of capital loss carryovers, if any, will be
distributed to the stockholders at least annually. The Fund records all distributions to stockholders on the ex-
dividend date. Income and capital gain distributions are determined in accordance with income tax regulations
which may differ from generally accepted accounting principles. Any differences are primarily due to differing
treatments for losses deferred, accounting for foreign currency, original issue discount accretion and excise tax
CASH EQUIVALENTS: The Fund considers investments in money market funds to be cash equivalents.
2. TRANSACTIONS WITH AFFILIATES, ADMINISTRATOR AND RELATED PARTIES Dresdner
RCM Global Investors LLC (previously, RCM Capital Management, L.L.C.), the investment manager, furnishes
investment advice to the Fund and receives a fee, at the annualized rate of 0.95% of the Fund's average daily net
assets. State Street Bank and Trust Company (the "Administrator") serves as the Fund's administrator and
receives a fee of 0.10% on the first $250 million of the Fund's average daily net assets, 0.05% on the next $250
million and 0.02% on amounts thereafter. No principal, officer or employee of the investment manager or any
affiliate thereof will receive any compensation from the Fund for serving as an officer or director of the Fund. The
Fund pays each of its directors an annual fee of $6,000 plus $1,000 for each meeting attended.
3. CAPITAL SHARE