Article: High Income Opportunity Fund as of December 31, 2000.

NEW YORK, Feb. 21 /PRNewswire/ --

High Income Opportunity Fund Inc. (NYSE: HIO) as of December 31, 2000:

Investment Objective: The Fund seeks a high current income. Capital appreciation is a secondary objective.

Portfolio Composition*

Industry Allocation: Top 10 Sectors

Wireless Telecommunications 11.5%

Cable/Satellite TV11.3

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