EXHIBIT 99.f Reimbursement Agreements The Funds have no plans to, compensate officers and directors who are affiliated with the Investment Adviser except indirectly through payment of the advisory fee. Each director who is not an "interested person",...

                                  EXHIBIT 99.f


                           Reimbursement Agreements


The Funds have no plans to, compensate officers and directors who are
affiliated with the Investment Adviser except indirectly through payment
of the advisory fee.

Each director who is not an "interested person", as that term is defined
in the 1940 Act, of a Fund is paid an annual fee of $200.00 for serving on
the board of a Fund.