March 24, 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 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 Nos. 333-113080 and
333-114949); 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 Nos. 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)

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 January 17, 2006. The limit of
         liability for the Joint Insured Fidelity Bond is $9,425,000.

                  (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