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
("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, including Fortis Investors, Inc. ("Fortis
Investors"). Fortis Advisers is the investment adviser
for the registrant and Fortis Investors is the
principal distributor of the registrant. The
registrant expects to enter into new investment
advisory and subadvisory agreements, and new
distribution agreements as a result of the Sale. These
changes will require approvals by the registrant's
board of directors and shareholders to the extent
required by law.
