Exhibit (9)(8)
CONSULTING GROUP CAPITAL MARKET FUNDS
AMENDMENT NO. 7
TO
MASTER TRUST AGREEMENT
AMENDMENT NO. 7 to the Master Trust Agreement dated April 12, 1991 (the
"Agreement") of Consulting Group Capital Markets Funds (the "Trust"), made as of
the 31/st/ day of March, 1999.
WITNESSETH:
WHEREAS, Article VII, Section 7.3 of the Agreement provides that the
Agreement may be amended at any time, so long as such amendment does not
adversely affect the rights of any shareholder and so long as such amendment is
not in contravention of applicable law, including the Investment Company Act of
1940, as amended, by an instrument in writing signed by an officer of the Trust
pursuant to a vote of a majority of the Trustees; and
WHEREAS, the Trustees have the authority under Section 4.1 of the
Agreement to issue shares in one or more Sub-Trusts (as defined in the
Agreement) and to establish and designate such Sub-Trusts; and
WHEREAS, on March 3, 1999, a majority of the Trustees voted to authorize
the establishment of a new Sub-Trust to be designated "Multi-Strategy Market
Neutral Investments" (in addition to Balanced Investments, Emerging Markets
Equity Investments, Government Money Investments, High Yield Investments,
Intermediate Fixed Income Investments, International Equity Investments,
International Fixed Income Investments, Large Capitalization Growth Investments,
Large Capitalization Value Equity Investments, Long-Term Bond Investments,
Mortgage Backed Investments, Municipal Bond Investments, Small Capitalization
Growth Investments and Small Capitalization Value Equity Investments); and
WHEREAS, the undersigned has been duly authorized by the Trustees to
execute and file this Amendment No. 7 to the Agreement; and
NOW, THEREFORE, the Agreement is hereby amended as follows:
1. The first paragraph of Article IV, Section 4.2 of the Agreement is
hereby amended to read in pertinent part as follows:
"Section 4.2 Establishment and Designation of Sub-Trusts. Without
limiting the authority of the Trustees set forth in Section 4.1 to establish and
designate any further Sub-Trusts, the Trustees hereby establish and designate
the following Sub-Trusts: Balanced Investments, Emerging Markets Equity
Investments, Government Money Investments, High Yield Investments, Intermediate
Fixed Income Investments,
International Equity Investments, International Fixed Income Investments, Large
Capitalization Growth Investments, Large Capitalization Value Equity
Investments, Long-Term Bond Investments, Mortgage Backed Investments, Municipal
Bond Investments, Small Capitalization Growth Investments and Small
Capitalization Value Equity Investments. The shares of such Sub-Trusts and any
shares of any further Sub-Trusts that may from time to time be established and
designated by the Trustees shall (unless the Trustees otherwise determine with
respect to some further Sub-Trust at the time of establishing and designating
the same) have the following relative rights and preferences."
The undersigned hereby certifies that the Amendment set forth above has
been duly adopted in accordance with the provisions of the Agreement.
IN WITNESS WHEREOF, the undersigned has hereto set her hands as of the
day and year first above written.
CONSULTING GROUP CAPITAL MARKETS FUNDS
By:___________________________________
Name: ▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Secretary