2005 Foreign Taxes Paid

Mutual Funds may elect to pass through a foreign tax credit to their shareholders when they invest in foreign securities. This permits shareholders to take a deduction from gross income or a federal income tax credit for foreign taxes paid by the fund, at the shareholders option. Your share of foreign taxes paid by the fund is shown in Box 6 of Form 1099-DIV.

The tables below summarize the information you will need to calculate your foreign tax credit if you are not exempt from calculating that credit on a country-by-country basis. Table 1 should be used by shareholders who received both the November and December dividends. Table 2 should be used by shareholders who received only the December dividend. If you were a shareholder who received only the November distributions you are not entitled to a foreign tax credit.