THE 787 FUND, INC. (the 'FUND') EXHIBIT TO ITEM 77Q1 The Fund's Investment Advisory Agreement is incorporated by reference to the Fund's Post-Effective Amendment No. 3 (the "Amendment"). This Amendment was filed with the SEC via EDGAR on March 6, 2008...

THE 787 FUND, INC. (the 'FUND')
EXHIBIT TO ITEM 77Q1

The Fund's Investment Advisory Agreement is incorporated
by reference to the Fund's Post-Effective Amendment No. 3
(the "Amendment").  This Amendment was filed with the SEC
via XXXXX on March 6, 2008 (Accession No. 0001193125-08-049050).