ITEM 77M: Mergers
Xxxxxx Xxxxxxx S&P 500 Index Fund
On June 19, 2002, at a Special Meeting of Shareholders of
Xxxxxx Xxxxxxx S&P 500 Select Fund ("S&P 500 Select"), Shareholders of
S&P 500 Select approved an Agreement and Plan of Reorganization (the
"Reorganization Agreement") between S&P 500 Select and Xxxxxx Xxxxxxx
S&P 500 Index Fund ("S&P 500 Index"), pursuant to which substantially
all of the assets of S&P 500 Select would be combined with those of S&P
500 Index and shareholders of S&P 500 Select would become shareholders
of S&P 500 Index receiving shares of S&P 500 Index with a value equal
to the value of their holdings in S&P 500 Select (the
"Reorganization"). The Reorganization Agreement was unanimously
approved by the Board of Trustees on January 24, 2002.
On July 15, 2002, the Reorganization Plan between S&P 500
Select and S&P 500 Index was completed according to the terms set forth
in the Reorganization Agreement.
