Xxxxxx Xxxxxxx Global Utilities Fund N-SAR
811-07119 Exhibit 77C
On February 6, 2006, the Board of Trustees of the Fund
approved an Agreement and Plan of Reorganization by and
between the Fund and Xxxxxx Xxxxxxx Utilities Fund
("Utilities"), pursuant to which substantially all of the
assets of the Fund would be combined with those of Utilities
and shareholders of the Fund would become shareholders of
Utilities, receiving shares of Utilities equal to the value
of their holdings in the Fund (the "Reorganization"). Each
shareholder of the Fund will receive the Class of shares of
Utilities that corresponds to the Class of shares of the
Fund currently held by that shareholder. The Reorganization
is subject to the approval of shareholders of the Fund at a
special meeting of shareholders originally scheduled to be
held on July 17, 2006, but which has subsequently been
adjourned several times, most recently to October 30, 2006,
because the Fund failed to obtain the quorum necessary in
order to hold the prior meetings.
