March 28, 2007


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 amended Joint Insured Fidelity Bond. The
         Joint Insured Fidelity Bond has been amended to clarify the list of
         joint insureds as listed in the First Amended Rider No. 1. The Joint
         Insured Fidelity Bond has also been amended to add Rider No. 8 naming
         the following series of the First Trust Exchange-Traded Fund as
         additional joint insureds: 1) First Trust Value Line(R) Equity
         Allocation Fund and 2) First Trust Value Line(R) Dividend Index Fund.
         The basic bond coverage amount for the Joint Insured Fidelity Bond is
         $11,000,000 and has not changed since the last filing on December 8,

                  (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