U.S. GLOBAL ACCOLADE FUNDS
AMENDMENT NO. 1 TO THE
SECOND AMENDED AND RESTATED MASTER TRUST AGREEMENT
AMENDMENT NO. 1 To the Second Amended and Restated Master Trust Agreement
of U.S. Global Accolade Funds dated August 16, 2000, made at San Antonio, Texas,
this 16th day of May 2002 by the Trustee hereunder. Witnesseth:
WHEREAS, Section 7.3 of the Second Amended and Restated Master Trust
Agreement dated August 16, 2000, (Agreement) of U.S. Global Accolade Funds
(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 a majority of the
then Trustees (or by an officer of the Trust pursuant to the vote of a majority
of such Trustees); and
WHEREAS, a majority of the Trustees of the Trust desire to amend the
Agreement to establish a class C of shares of the Series or Sub-Trusts pursuant
to Section 4.1 of the Agreement; and
WHEREAS, a majority of the Trustees of the Trust have duly adopted the
amendment to the Agreement as shown below on January 25, 2002, and authorized
the same to be filed with the Secretary of State of the Commonwealth of
Massachusetts;
NOW, THEREFORE BE IT, that the undersigned ▇▇▇▇▇ ▇. ▇▇▇▇▇▇, the duly
elected and serving President of the Trust, pursuant to the authorization
described above, hereby amends Section 4.2 of the Second Amended and Restated
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 and
classes of Sub-Trusts:
Sub-Trust: Bonnel Growth Fund Sub-Trust: MegaTrends Fund
Class: R shares Class: R shares
Class: C shares Class: C: shares
Sub-Trust: Eastern European Fund.
Class: R shares
Class: C: shares
WITNESS my hand and seal this 16th day of May 2002.
/s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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▇▇▇▇▇ ▇. ▇▇▇▇▇▇
President
STATE OF TEXAS
COUNTY OF BEXAR
Then personally appeared before me the above named ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ and
acknowledged this instrument to be his free act and deed this 16th day of May
2002.
/s/ ▇▇▇▇▇ ▇. ▇▇▇▇ 09/28/2003
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NOTARY PUBLIC'S SIGNATURE MY COMMISSION EXPIRES:
SEAL