SCHEDULE 13D DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT 1/8/2010 1. NAME OF REPORTING PERSON Bulldog Investors, Phillip Goldstein and Andrew Dakos 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 1,552,387 8. SHARED VOTING POWER 14,880 9. SOLE DISPOSITIVE POWER 1,567,267 _______________________________________________________ 10. SHARED DISPOSITIVE POWER 0 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 1,567,267 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] ___________________________________________________________ 13. PERCENT OF CLASS REPRESENTED BY ROW 11 16.23% 14. TYPE OF REPORTING PERSON IA _______________________________________________________ Item 1. SECURITY AND ISSUER This statement constitutes Amendment #3 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 5. INTEREST IN SECURITIES OF THE ISSUER As per the Form N-CSRS filed on September 3,2009 there were 9,655,236 shares of common stock outstanding as of June 30, 2009. The percentage set forth in item 5 was derived using such number. Bulldog Investors, Phillip Goldstein and Andrew Dakos beneficially own an aggregate of 1,567,267 shares of FGI or 16.23% of the outstanding shares.Power to dispose of and vote securities resides either with Mr. Goldstein, Mr. Dakos or with clients. c) Since the last filing ON 12/3/09 the following shares of FGI were purchased: Date: Shares: Price: 12/08/09 900 12.9500 12/09/09 500 12.8800 12/10/09 20,963 13.0373 12/11/09 20,000 13.1009 12/15/09 1,754 13.2458 12/16/09 200 13.3050 12/23/09 10,100 13.4000 12/28/09 6,000 13.4967 12/28/09 5,000 13.5300 12/29/09 5,000 13.5400 12/30/09 100 13.4500 12/30/09 200 13.4600 01/05/10 2,500 13.7892 01/05/10 1.000 13.8000 01/06/10 3,200 13.8974 01/07/10 4,800 13.9000 01/08/10 15,245 13.8593 01/11/10 30,000 13.9143 01/12/10 6,000 13.8206 01/13/10 10,235 13.8358 01/14/10 4,333 13.8651 01/15/10 900 13.7300 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: 1/19/2009 By: /s/ Phillip Goldstein Name: Phillip Goldstein By: /S/ Andrew Dakos Name: Andrew Dakos E