Most Innovative New Product in 2004
Claymore Securities for the Madison/Claymore Covered Call Fund (NYSE:MCN)

Best Shareholder Relations by a Non US Equity Fund Family
The Germany Funds of Deutsche Asset Management

Best Shareholder Relations by a US Equity Fund Family
Cohen & Steers

Best Shareholder Relations by a Fixed Income Fund Family
Nuveen Investments

For Contribution to the Closed-End Fund sector during 2004
Mr. Kenneth Fincher, Vice President of Nuveen Investments





Most Innovative New Product in 2004
PowerShares for the PowerShares Golden Dragon Halter USX China Portfolio (AMEX: PGJ)

Best Shareholder Relations
iShares managed by Barclays Global Investors

For Contribution to the ETF sector during 2004
Mr. Bruce Bond, President, PowerShares




To the Most Proactive US Exchange for CEFs and ETFs
American Stock Exchange














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