Exhibit - 10 ii Reimbursement Agreements The Fund will reimburse officers and directors not affiliated with the Invest- ment Adviser 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 Invest-

ment Adviser  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 Adviser  except indirectly through payment
of the management

fee.





















































































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