Securities and Exchange Commission June 4, 2010 – Federal Register Recent Federal Regulation Documents

Each applicant, a closed-end investment company, seeks an order declaring that it has ceased to be an investment company. On May 29, 2007, June 4, 2007 and October 10, 2007, respectively, applicants transferred their assets to corresponding series of John Hancock Patriot Premium Dividend Fund II, based on net asset value. Each applicant also distributed preferred shares of Dutch Auction Rate Transferable Securities (``DARTS'') of the acquiring fund to holders of applicants' Auction Rate Preferred Shares, DARTS, or Auction Market Preferred Shares, respectively, on the basis of their relative aggregate liquidation preference. Applicants paid $129,502, $138,610 and $216,419, respectively, of the expenses incurred in connection with the reorganizations.