Class "C" shares have the highest annual expense charges.

Class C shares might have a 12b-1 fee, other annual expenses, and either a front- or back-end sales load.

Class C shares usually have a high 12b-1 fee and a modest contingent deferred sales charge that is discontinued after one or two years.

Class C shares usually do not convert to another class.

But anyone can buy the class C shares, which, incidentally, will also be in line for a higher dividend, should the company ever pay one.

Then there are "C" shares, often specially priced for special groups.

Class C shares generally have the highest long-term costs, and are suitable only for funds that will be held for just a few years.

The 4 percent preferred C shares, issued in 1939, are to be redeemed at $105 a share, far above the last trade of $55 a share.

The government enforced its pledge, and now once again had over 37.5% of the "C" shares, but without the special share.

As it stood, nobody held both the special share and 37.5% of the "C" shares.