Sub-item 77H: Changes in control of registrant On January 25, 2001, Fortis, Inc. agreed to sell (the "Sale") all of the stock in its wholly owned subsidiary, Fortis Advisers, Inc. ("Fortis Advisers") to Hartford Life and Accident Insurance Company...Fortis Securities Inc • March 29th, 2001
On January 25, 2001, Fortis, Inc. agreed to sell (the "Sale") all of the stock in its wholly owned subsidiary, Fortis Advisers, Inc. ("Fortis Advisers") to Hartford Life and Accident Insurance Company ("Hartford Life"), a subsidiary of Hartford Financial Services Group, Inc. ("The Hartford"). The Hartford is a leading insurance and financial services company. The Sale is subject to the satisfaction of various conditions. Upon completion of the Sale, The Hartford will own and control Fortis Advisers and its subsidiaries. Fortis Advisers is the investment adviser for the Fortis Securities, Inc. (the "Fund"). The Fund expects to enter into new investment advisory and subadvisory agreements as a result of the Sale. These changes will require approvals by the Fund's boards of directors and shareholders to the extent required by law.
