Exhibit (e)1.7
LETTER AGREEMENT
▇▇▇▇▇▇▇ Fund Distributors, Inc.
▇▇▇ ▇ ▇▇▇▇▇▇
▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Dear Sirs:
Pursuant to Introductory Section 1 of the Distribution Agreement between ▇▇▇▇▇
▇▇▇▇▇▇▇ Investment Company ("FRIC") and ▇▇▇▇▇▇▇ Fund Distributors, Inc., dated
January 1, 1999, FRIC advises you that it is creating one new fund, the ▇▇▇▇▇▇▇
Multi-Manager Principal Protected Fund (the "New Fund"). FRIC desires ▇▇▇▇▇▇▇
Fund Distributors, Inc. to serve as Distributor with respect to each class of
shares of the New Fund pursuant to the terms and conditions of the Distribution
Agreement. The fees to be charged the New Fund in return for the Distributor's
services are as set forth in the Distribution Agreement.
Please indicate your acceptance to act as Distributor with respect to each of
the New Fund by executing the acceptance copy of this letter agreement and
returning it to the undersigned.
Sincerely,
▇▇▇▇▇ ▇▇▇▇▇▇▇ INVESTMENT COMPANY
By:_________________________
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
President
Accepted this __ day of ________, __
▇▇▇▇▇▇▇ FUND DISTRIBUTORS, INC.
By:_________________________
▇▇▇▇ ▇. ▇▇▇▇▇
President