2006 Dividends Received Deduction

U.S. corporations are generally entitled to a deduction for dividends received from certain other domestic corporations. Accordingly, corporate mutual fund shareholders may exclude a portion of the ordinary dividend received from mutual fund investments to the same extent the fund receives certain domestic dividends.

Note that you may not take this deduction for a dividend on shares of a fund which have been held 46 days or less during the 91-day period beginning 45 days before the ex-dividend date.

The percentages in the following table show the portion of each fund's ordinary dividends for calendar year 2006 which qualifies for the dividends received deduction.