SUB-ITEM 77Q1(E) INVESTMENT ADVISORY AND SUB-ADVISORY CONTRACTS

                                SUB-ITEM 77Q1(E)
                 INVESTMENT ADVISORY AND SUB-ADVISORY CONTRACTS

The Registrant's Advisory Agreement and Sub-Advisory  Agreement,  Exhibit (g)(1)
and (g)(2), respectively,  to the Registrant's Amendment No. 2 to a Registration
Statement on Form N-2, is  incorporated by reference as filed via XXXXX on March
9, 2005, accession number 0001116679-05-000699.