December 8, 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, Bond No
99516106B 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), First Trust Strategic High Income Fund II
(File No. 811-21842/SEC Registration No. 333-131194), First Trust
Tax-Advantaged Preferred Income Fund (File No. 333-132639/SEC
Registration No. 811-21876) and First Trust/Aberdeen Emerging Opportunity
Fund (File No. 333-1354540/SEC Registration No. 811-21905 )

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
         schedule of individual named insureds dated October 9, 2006. The
         basic bond coverage amount for the Joint Insured Fidelity Bond
         is $11,000,000.

                  (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