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CAMPAIGN PROPOSALS                                              PROXY DIRECT(TM)

CONTACT US        SECURITY

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ACCOUNT:             [Shareholder account number]
PREVIOUS VOTE:

                              BOARD RECOMMENDATIONS

        Select if you would like to vote your shares following the Board
    recommendations. Please refer to the proxy statement for a more detailed
                       explanation of the recommendations.

                  Vote my shares per the Board recommendations


<Table>
                                                                          
PROPOSAL 1
- -----------------------------------------------------------------------------------------------------
1         To elect nine nominees to the Fund's
          Board of Directors:                                  VOTE ALL o For   o Withhold
- -----------------------------------------------------------------------------------------------------
1.01      To elect the following nominee: L.S. Birdsong                 o For   o Withhold
- -----------------------------------------------------------------------------------------------------
1.02      To elect the following nominee: R.M. Gavin                    o For   o Withhold
- -----------------------------------------------------------------------------------------------------
1.03      To elect the following nominee: D.E. Hill                     o For   o Withhold
- -----------------------------------------------------------------------------------------------------
1.04      To elect the following nominee: P.O. Peterson                 o For   o Withhold
- -----------------------------------------------------------------------------------------------------
1.05      To elect the following nominee: T.M. Marra                    o For   o Withhold
- -----------------------------------------------------------------------------------------------------
1.06      To elect the following nominee: L.A. Smith                    o For   o Withhold
- -----------------------------------------------------------------------------------------------------
1.07      To elect the following nominee: D.M. Znamierowski             o For   o Withhold
- -----------------------------------------------------------------------------------------------------
1.08      To elect the following nominee: S.S. Jaffee                   o For   o Withhold
- -----------------------------------------------------------------------------------------------------
1.09      To elect the following nominee: W.P. Johnston                 o For   o Withhold
- -----------------------------------------------------------------------------------------------------
PROPOSAL 2
- -----------------------------------------------------------------------------------------------------
                                                               VOTE ALL o For   o Against   o Abstain
- -----------------------------------------------------------------------------------------------------
2         Proposal to permit the Funds' Investment Adviser
          to select and contract with sub-advisers without
          obtaining shareholder approval.                                       Fund Specific Vote
- -----------------------------------------------------------------------------------------------------

         [Fund Name Drop-In 1]                                          o For   o Against   o Abstain

         [Fund Name Drop-In 2]                                          o For   o Against   o Abstain

         [Fund Name Drop-In 3]                                          o For   o Against   o Abstain

                 [etc.]
- -----------------------------------------------------------------------------------------------------
</Table>




<Table>
                                                                          
PROPOSAL 3
- -----------------------------------------------------------------------------------------------------
          Changes to Fundamental Investment Policies:          VOTE ALL o For   o Against   o Abstain
- -----------------------------------------------------------------------------------------------------
3(A)(i)   Proposal to revise the fundamental policy regarding
          the issuing of senior securities.                                     Fund Specific Vote
- -----------------------------------------------------------------------------------------------------

         [Fund Name Drop-In 1]                                          o For   o Against   o Abstain

         [Fund Name Drop-In 2]                                          o For   o Against   o Abstain

                 [etc.]
- -----------------------------------------------------------------------------------------------------
3(A)(ii)  Proposal to revise the fundamental policy regarding
          the borrowing of money.                                               Fund Specific Vote
- -----------------------------------------------------------------------------------------------------

         [Fund Name Drop-In 1]                                          o For   o Against   o Abstain

         [Fund Name Drop-In 2]                                          o For   o Against   o Abstain

                 [etc.]
- -----------------------------------------------------------------------------------------------------
3(A)(iii) Proposal to revise the fundamental policy regarding
          the borrowing of money, issuing of senior securities
          and purchasing securities on margin.                                  Fund Specific Vote
- -----------------------------------------------------------------------------------------------------

         [Fund Name Drop-In 1]                                          o For   o Against   o Abstain
- -----------------------------------------------------------------------------------------------------
3(B)      Proposal to eliminate the fundamental policy regarding
          the pledging, mortgaging or hypothecating of assets.                  Fund Specific Vote
- -----------------------------------------------------------------------------------------------------

         [Fund Name Drop-In 1]                                          o For   o Against   o Abstain
- -----------------------------------------------------------------------------------------------------
3(C)      Proposal to revise the fundamental policy regarding
          underwriting securities.                                              Fund Specific Vote
- -----------------------------------------------------------------------------------------------------

         [Fund Name Drop-In 1]                                          o For   o Against   o Abstain

         [Fund Name Drop-In 2]                                          o For   o Against   o Abstain

                 [etc.]
- -----------------------------------------------------------------------------------------------------
3(D)      Proposal to revise the fundamental policy regarding
          investment in real estate or interests therein.                       Fund Specific Vote
- -----------------------------------------------------------------------------------------------------

         [Fund Name Drop-In 1]                                          o For   o Against   o Abstain

         [Fund Name Drop-In 2]                                          o For   o Against   o Abstain

                 [etc.]
- -----------------------------------------------------------------------------------------------------
3(E)      Proposal to revise the fundamental policy regarding
          purchases and sales of commodities and commodities contracts.         Fund Specific Vote
- -----------------------------------------------------------------------------------------------------

         [Fund Name Drop-In 1]                                          o For   o Against   o Abstain

         [Fund Name Drop-In 2]                                          o For   o Against   o Abstain

                 [etc.]
- -----------------------------------------------------------------------------------------------------
3(F)      Proposal to revise the fundamental policy regarding
          the diversification of investments.                                   Fund Specific Vote
- -----------------------------------------------------------------------------------------------------

         [Fund Name Drop-In 1]                                          o For   o Against   o Abstain

         [Fund Name Drop-In 2]                                          o For   o Against   o Abstain

                 [etc.]
- -----------------------------------------------------------------------------------------------------
3(G)      Proposal to revise the fundamental policy regarding
          investment concentrations within a particular industry.               Fund Specific Vote
- -----------------------------------------------------------------------------------------------------

         [Fund Name Drop-In 1]                                          o For   o Against   o Abstain

         [Fund Name Drop-In 2]                                          o For   o Against   o Abstain

                 [etc.]
- -----------------------------------------------------------------------------------------------------
3(H)(i)   Proposal to eliminate the fundamental policy regarding
          purchases from and sales to officers, directors and employees.        Fund Specific Vote
- -----------------------------------------------------------------------------------------------------

         [Fund Name Drop-In 1]                                          o For   o Against   o Abstain
- -----------------------------------------------------------------------------------------------------
3(H)(ii)  Proposal to eliminate the fundamental policy regarding
          securities trading accounts.                                          Fund Specific Vote
- -----------------------------------------------------------------------------------------------------

         [Fund Name Drop-In 1]                                          o For   o Against   o Abstain
- -----------------------------------------------------------------------------------------------------
3(I)      Proposal to revise the fundamental policy regarding
          the making of loans.                                                  Fund Specific Vote
- -----------------------------------------------------------------------------------------------------

         [Fund Name Drop-In 1]                                          o For   o Against   o Abstain

         [Fund Name Drop-In 2]                                          o For   o Against   o Abstain

                 [etc.]
- -----------------------------------------------------------------------------------------------------
3(J)      Proposal to eliminate the fundamental policy regarding
          short sales.                                                          Fund Specific Vote
- -----------------------------------------------------------------------------------------------------

         [Fund Name Drop-In 1]                                          o For   o Against   o Abstain
- -----------------------------------------------------------------------------------------------------
3(K)      Proposal to revise the fundamental policy regarding
          investments within certain industries.                                Fund Specific Vote
- -----------------------------------------------------------------------------------------------------

         [Fund Name Drop-In 1]                                          o For   o Against   o Abstain

         [Fund Name Drop-In 2]                                          o For   o Against   o Abstain
- -----------------------------------------------------------------------------------------------------
</Table>

                                                             Voting Instructions


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<Table>
                                                                                      
[IMAGE]  Answers have been marked according to your last recorded vote.
         Please change as appropriate before submission. If you have questions     o CANCEL    o VOTE NOW!
         regarding any of the proposals, please call (888)999-3559.
</Table>

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