August 11, 2005



VIA EDGAR

Securities and Exchange Commission
100 F Street NE
Washington, D.C.  20549


Re:Rule 17g-1 Fidelity Bond Filing-Information with Respect to Joint Fidelity
Bond filing under Investment Company Act Rule 17g-1, Amendment to Bond No
81906399 for the following management investment companies (Investment Company
Act of 1940 File Number/SEC Registration Number): First Defined Portfolio Fund,
LLC (File No. 811-10015/SEC Registration No. 333-46062); First Trust Value
Line(R) 100 Fund (File No. 811-21336/SEC Registration No. 333-104680); First
Trust Value Line(R) Dividend Fund (File No. 811-21381/SEC Registration No.
333-106392); First Trust/Four Corners Senior Floating Rate Income Fund (File No.
811-21344/SEC Registration Nos. 333-105251 and 333-109680); Macquarie/First
Trust Global Infrastructure/Utilities Dividend & Income Fund (File No.
811-21496/SEC Registration No. 333-112202); First Trust/Value Line(R) & Ibbotson
Equity Allocation Fund (File No. 811-21517/SEC Registration No. 333-113080);
First Trust/Four Corners Senior Floating Rate Income Fund II (File No.
811-21539/SEC Registration Nos. 333-113978 and 333-115414); Energy Income and
Growth Fund (File No. 811-21549/SEC Registration No. 333-114131); First
Trust/Fiduciary Asset Management Covered Call Fund (File No. 811-21586/SEC
Registration No. 333-116023), First Trust/Aberdeen Global Opportunity Income
Fund (File No. 811-21636/SEC Registration No. 333-119081), First Trust/FIDAC
Mortgage Income Fund (File No.811-21727 /SEC Registration No.333-123262 ), First
Trust Strategic High Income Fund (File No.811-21756 /SEC Registration No.
333-124146).
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Dear Sir or Madam:

         Enclosed for filing, pursuant to Rule 17g-1 of the Investment Company
Act of 1940, as amended, please find the following information with respect to
the First Trust complex of funds referenced above. Please note for the
Commission's records, the following:

                   (i) a copy of the amended Joint Insured Fidelity Bond with a
         schedule of individual named insureds dated July 28, 2005. The Joint
         Insured Fidelity Bond has been amended to increase the bond limit to
         $8,425,000 as well as add First Trust Strategic High Income Fund as a
         named insured.



                  (ii) a Certificate of Assistant Secretary containing the
         resolution of the Board of Trustees approving the amount, type, form
         and coverage of the Fidelity Bond, the amount of the single insured
         bond which the registrant would have provided had it not been named as
         an insured under the Fidelity Bond, and a statement as to the period
         for which premiums have been paid; and

                 (iii) a copy of the Blanket Bond Insurance Agreement.

                                 Very truly yours,

                                 FIRST TRUST PORTFOLIOS L.P.


                                 /s/ Kristi A. Maher
                                 -------------------------------
                                 Assistant General Counsel







Enclosures