ICON FUNDS
AMENDMENT NO. 8 TO MASTER TRUST AGREEMENT
AMENDMENT No. 8 to the Master Trust Agreement of ICON Funds dated September 19,
1996, made at Greenwood Village, Colorado on May 14, 2002, by the Trustees
hereunder.
WITNESSETH:
WHEREAS, Section 7.3 of the ICON Master Trust Agreement dated September 19, 1996
(the "Agreement") of ICON Funds (the "Trust"), provides that the Agreement may
be amended at any time, so long as such amendment does not adversely affect the
rights of any shareholder with respect to which such amendment is or purports to
be applicable and so long as such amendment is not in contravention of
applicable law, including the Investment Company Act of 1940, by an instrument
in writing, signed by an officer of the Trust pursuant to a vote of a majority
of the Trustees of the Trust; and
WHEREAS, a majority of the Trustees of the Trust desire to amend the Agreement
to authorize four new sub-trusts or series, the ICON Bond Fund, ICON Covered
Call Option Fund, ICON Equity Income Fund, ICON Long/Short Fund, and the
issuance of two classes of shares by each of the Funds; and
WHEREAS, a majority of the Trustees of the Trust on May 14, 2002, have duly
adopted the amendment to this Agreement and authorized the same to be filed with
the Secretary of the State of the Commonwealth of Massachusetts;
NOW, THEREFORE, the undersigned Trustees pursuant to the authorization described
above, hereby amend Section 4.2 of the Master Trust Agreement, as heretofore in
effect, to read as follows:
Section 4.2 Establishment and Designation of Sub-Trusts. Without limiting the
Trustees' authority to establish further sub-trusts pursuant to Section 4.1, the
Trustees hereby establish the following sub-trusts:
FUNDS WITH NO DISTRIBUTION PLAN
ICON Materials Fund ICON Asia-Pacific Region Fund
ICON Consumer Discretionary Fund ICON North Europe Region Fund
ICON Energy Fund ICON South Europe Region Fund
ICON Financial Services Fund ICON Western Hemisphere Fund
ICON Healthcare Fund ICON Short-Term Fixed Income Fund
ICON Information Technology Fund ICON Leisure & Consumer Staples Fund
ICON Industrials Fund ICON Telecommunications & Utilities Fund
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FUNDS WITH DISTRIBUTION PLAN (CLASS C AND CLASS I)
ICON Fund
ICON Bond Fund
ICON Covered Call Fund
ICON Equity Income Fund
ICON Long/Short Fund
WITNESS WHEREOF, our hands this 14th day of May, 2002.
/s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ /s/ R. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
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▇▇▇▇ ▇. ▇▇▇▇▇▇▇, Trustee R. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, Trustee
/s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
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▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, Trustee
STATE OF COLORADO )
) ss.
COUNTY OF ARAPAHOE )
Before me, a Notary Public in and for said county and state, personally appeared
the above named persons, who acknowledged that they did sign the foregoing
instrument in the capacity indicated, and that the same is their free act and
deed this 14th day of May, 2002.
Signature of Notary Public: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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My Commission Expires: November 2, 2005
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