July 20, 2006


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, Second Revised
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, 333-120853 and 333-116841); 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), First
Trust Exchange-Traded Fund (File No. 811-21774/SEC Registration No. 333-125751),
and First Trust Strategic High Income Fund II (File No. 811-21842/SEC
Registration No. 333-131194)

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 Joint Insured Fidelity Bond with a second
         revised schedule of individual named insureds dated June 16, 2006. The
         Joint Insured Fidelity Bond has been amended to increase the bond limit
         to $10,175,000.00 as well as add the following series under the First
         Trust Exchange-Traded Fund series of Funds: 1) First Trust IPOX-100
         Index Fund; 2) First Trust NASDAQ-100-Technology Sector Index Fund; and
         3) First Trust NASDAQ-100 Equal Weighted Index Fund.

                  (ii) a Certificate of Assistant Secretary containing the form
         of resolutions 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