ITEM 77M: Mergers
Xxxxxx Xxxxxxx Limited Duration Fund
On October 23, 2002, at a Special Meeting
of Shareholders of Xxxxxx Xxxxxxx North American
Government Income Trust ("North American
Government Income"), Shareholders of North American
Government Income approved an Agreement and Plan of
Reorganization (the "Reorganization Agreement")
between North American Government Income and
Xxxxxx Xxxxxxx Limited Duration Fund ("Limited
Duration"), pursuant to which substantially all of the
assets of North American Government Income would be
combined with those of Limited Duration and
shareholders of North American Government Income
would become shareholders of Limited Duration
receiving shares of Limited Duration with a value equal
to the value of their holdings in North American
Government Income (the "Reorganization"). The
Reorganization Agreement was unanimously approved
by the Board of Trustees on April 25, 2002.
On November 4, 2002, the Reorganization
Plan between North American Government Income and
Limited Duration was completed according to the terms
set forth in the Reorganization Agreement.
