Note 1. Accounting Policies
The following is a summary of significant accounting policies followed by the Fund in the preparation of its
Security Valuation: In valuing the Fund's assets, quotations of foreign securities in a foreign currency are
converted to U.S. dollar equivalents at the then current currency rate. Portfolio securities (including options) are
valued at their current market value as determined by an independent pricing service, principal market maker or
by reference to the applicable exchange price. Forward currency exchange contracts are valued at the current
cost of covering or offsetting the contract on the day of valuation. Securities and assets for which market
quotations are not readily available are valued at fair value as determined in good faith by or under the direction
of the Board of Directors of the Fund.
Short-term securities which mature in more than 60 days are valued at current market quotations. Short-term
securities which mature in 60 days or less are valued at amortized cost which approximates market value.
In connection with transactions in repurchase agreements with U.S. financial institutions, it is the Fund's policy that
its custodian or designated subcustodians, as the case may be under triparty repurchase agreements, take
possession of the underlying collateral securities, the value of which exceeds the principal amount of the
repurchase transaction including accrued interest. If the seller defaults and the value of the collateral declines or if
bankruptcy proceedings are commenced with respect to the seller of the security, realization of the collateral by
the Fund may be delayed or limited.
Foreign Currency Translation: The books and records of the Fund are maintained in U.S. dollars. Foreign
currency amounts are translated into U.S. dollars on the following basis:
(i) market value of investment securities, other assets and liabilities--at the current rates of exchange;
(ii) purchases and sales of investment securities,