Our
client, the Company, has requested that we respond to you regarding your
comment, provided telephonically, questioning the mark-to-market net asset value
per share of Government Money Market Fund (the “Fund”) in response to Item 74W
of its Form N-SAR for the period ended May 31, 2009 (the “5/31/09 Form
N-SAR”). It is our understanding that you were concerned that the
reported $1.0000 per share was not the true mark-to-market per share
value.
The
Company has advised us that it has conducted a thorough review of the
mark-to-market net asset values per share reported on its 5/31/09 Form N-SAR and
has concluded that the mark-to-market net asset value per share for the Fund as
of May 31, 2009 was correctly reported at $1.0000 per share.
The
Company’s review of the 5/31/09 Form N-SAR revealed, however, that two other
money market funds had erroneously reported their mark-to-market net asset value
per share in response to Item 74W. Those errors were corrected in an
amended 5/31/09 Form N-SAR which was filed on January 12, 2010.
We
appreciate the Staff’s review of the Company’s filings and the comments it
provides. The Company has asked us to assure you that every effort is
being made to accurately report all information required in filings with the
Commission.
If you
have any questions or further comments, please feel free to contact me at
212-715-9512.
