SUB-ITEM 77Q1 INVESTMENT ADVISORY AGREEMENT THIS INVESTMENT ADVISORY AGREEMENT, dated as of November 1, 1995, by and between DUFF & PHELPS UTILITIES TAX-FREE INCOME INC. (the "Fund"), a Maryland corporation, and DUFF & PHELPS INVESTMENT MANAGEMENT CO....Investment Advisory Agreement • December 29th, 1995 • Duff & Phelps Utilities Tax Free Income Inc • New York
