Common use of Major Shareholders Clause in Contracts

Major Shareholders. As of February 1, 2002, the only persons who owned of record or were known by the Fund to own beneficially 5% or more of any class of the Fund's outstanding shares were: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ & Co, Inc., Attn: Mutual Funds, ▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, San Francisco, California 94101-4122, which owned for the benefit of its customers 708,493.184 Class A shares (representing 7.30% of the Class A shares then outstanding);