Invests in a third-party allotment of new shares by MicroBio Corporation, which develops, manufactures and sells tools and equipment that enable rapid microbial detection and measurement. The company’s products offer an easy-to-use alternative to methods that had previously required considerable human experience and skill.

Invests in a third-party allotment of new shares by Optware Corporation, which develops next-generation, ultra-high-speed-and-high-capacity optical disk systems. By integrating holographic storage and optical disk technologies, Optware’s systems offer convertibility with existing CD and DVDs, ultra-high storage densities, and ultra-high capacity, as well as fast transfer rates and can be connected directly to optical fiber networks.

Underwrites a third-party allotment of new shares by Interscope Inc., which provides planning and analysis services based on new research methods that utilize Internet/Web technology. The cash raised by the company is used to finance development of a system that will enable client companies to conduct research by preparing their own questionnaires over the Internet.

Reflecting high expectations for Japan’s first developer of peer-to-peer collaborative software, the fund underwrites a third-party allotment of new shares by Ariel Networks, Inc., which aims to provide Japan’s first-ever P2P-based collaborative software

Reflecting high expectations for embedded applications, which are an essential basic technology for information appliances and equipment, the fund Invests in a third-party allotment of new shares by ELT, Inc.

Works Application Co., Ltd. lists on the JASDAQ Securities Exchange.

Sells all of its shares in Bizseek, Inc., a holding of the fund since March 2000.

Sells all of its shares in Pasona Tech, Ltd., a holding of the fund since September 1999.

Invests in a third-party allotment of new shares by VirtualeX, Inc., which provides consulting and operations for call center outsourcing.

Underwrites a third-party allotment of new shares by REALCOM Inc., which provides knowledge management platforms focused on “people,” “knowledge,” and “community.” The cash raised will be used to develop next-generation versions of “KnowledgeMarketTM,” th