SCHEDULE 13D


DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT
07/27/2011


1. NAME OF REPORTING PERSON
Bulldog Investors, Phillip Goldstein, Andrew Dakos and
Brooklyn Capital Management LLC.


2. CHECK THE BOX IF MEMBER OF A GROUP                  a[X]

                                                       b[]

3. SEC USE ONLY

4. SOURCE OF FUNDS
WC


5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e)                        []

6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
___________________________________________________________


7. SOLE VOTING POWER
1,454,083

8. SHARED VOTING POWER
15,990

9. SOLE DISPOSITIVE POWER
1,470,073
_______________________________________________________

10. SHARED DISPOSITIVE POWER

0

11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
1,470,073

12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES

[]
___________________________________________________________


13. PERCENT OF CLASS REPRESENTED BY ROW 11

20.30%

14. TYPE OF REPORTING PERSON

IA
_______________________________________________________

Item 1. SECURITY AND ISSUER

This statement constitutes Amendment #10 to the schedule 13d
filed Nov 5, 2009. Except as specifically set forth
herein, the Schedule 13d remains unmodified.



ITEM 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATIONS
Shares of the Issuer have been accumulated on behalf of managed
accounts.

ITEM 4. PURPOSE OF TRANSACTION
The filing persons believe that the length of time to achieve a
liquidity event at or very close to net asset (as set forth in
the Fund's July 27, 2011 press release) value is excessive.
The filing persons have communicated their views to the Fund's
management and are considering their options.


ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
As per the N-CSR filed 03/09/11 there are 7,241,427 shares of common
stock outstanding as of December 31, 2010.
The percentage set forth in item 5 was derived using such number.
Bulldog Investors, Brooklyn Capital Management, Phillip Goldstein and
Andrew Dakos beneficially own an aggregate of 1,470,073 shares of FGI or
20.30% of the outstanding shares. Power to dispose of and vote securities
resides either with Mr. Goldstein, Mr. Dakos or with clients.

c) During the last 60 days the following shares of FGI were bought.

DATE			SHARES		PRICE
07/06/11		10,000		19.3236
07/08/11		3,450		19.6010
07/11/11		1,600		19.3000
07/18/11		100		19.0000
07/26/11		3,200		19.7075
07/27/11		15,875		19.5575
08/04/11		38,700		17.7819



d) Beneficiaries of managed accounts are entitled to receive any
dividends or sales proceeds.

e) NA

ITEM 6. CONTRACTS,ARRANGEMENTS,UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
None.


ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
none


After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in this
statement is true, complete and correct.

Dated: 08/05/11

By: /s/ Phillip Goldstein
Name:   Phillip Goldstein

By: /S/ Andrew Dakos
Name:   Andrew Dakos