BOND FUND DISTRIBUTIONS

Per Share Dividend Accrual 
Payable at Month-End =       ( Accrued Interest for the day
                              + Accretion of Bond Discounts for the day
                              – Amortization of Bond Premiums for the day
                              – Daily Management Fee Accrual for the day
                              – Other Expenses for the day )
                              --------------------------------------------
                                     Daily dividend shares