January 18, 2008


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 99516107B 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/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 Enhanced Equity Income
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 Strategic High Income Fund III (File No. 811-21994/ SEC Registration No.
333-139549); First Trust Tax-Advantaged Preferred Income Fund (File No.
333-132639/ SEC Registration No. 811-21876); First Trust/Aberdeen Emerging
Opportunity Fund (File No. 333-1354540/ SEC Registration No. 811-21905); First
Trust/Gallatin Specialty Finance and Financial Opportunities Fund (File No.
333-141457/ SEC Registration No. 811-22039); First Trust Exchange-Traded
AlphaDEX(TM) Fund (File No. 333-140895/ SEC Registration No. 811-22019); First
Trust Active Dividend Income Fund (File No. 333-143792/ SEC Registration No.
811-22080); and First Trust Exchange-Traded Fund II (File No. 333-143964/ SEC
Registration No. 811-21944).

Dear Sir or Madam:

         Enclosed for filing, pursuant to Rule 17g-1 of the Investment Company
Act of 1940, as amended, please find a copy of the Joint Insured Fidelity Bond
for the period October 9, 2007 through October 9, 2008 for the First Trust
complex of funds referenced above. Please note for the Commission's records, the

                   (i)     The Joint Insured Fidelity Bond;

                  (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
                                Deputy General Counsel