Exhibit - 10 ii Reimbursement Agreements The Fund will reimburse officers and directors not affiliated with the Investment Advisor to compensate for travel expenses associated with performance of their duties. The Fund has no plans to, compensate...

                                Exhibit - 10 ii

                           Reimbursement Agreements


The Fund will  reimburse officers and directors not affiliated  with the 
Investment Advisor  to compensate for  travel expenses associated with
performance of their duties. 

The Fund has no plans to, compensate officers and directors who are 
Affiliated with the Investment Advisor  except indirectly through payment 
of the management fee.






























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