October 23, 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 revised
         schedule of individual named insureds dated June 19, 2006. The Joint
         Insured Fidelity Bond has been amended to add the following series
         under the First Trust Exchange-Traded Fund series of funds, with no
         increase to the bond limit of $10,175,000.00: 1) First Trust Amex
         Biotechnology Index Fund and 2) First Trust Dow Jones Internet Index

                  (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