▇▇▇ ▇▇▇ FUNDS
▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇
October 29, 1993
▇▇▇ ▇▇▇ Securities Corporation
▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇
Ladies/Gentlemen:
Pursuant to Section 1 of the Distribution Agreement, dated July 30,1985
(the "Agreement"), between ▇▇▇ ▇▇▇ Funds (the "Trust") and ▇▇▇ ▇▇▇ Securities
Corporation (the "Distributor"), please be advised that the Trust has
established an additional series of the Trust, namely, Global Balanced Fund (the
"Fund") which will issue two classes of shares, namely, Class A Shares and Class
B Shares. The Trustees of the Trust have adopted the Agreement to retain the
Distributor to render services contemplated by the Agreement for the Fund. Class
A Shares will be sold at "net asset value per share" of the Fund plus a
front-end sales charge and the Class B Shares will be sold at "net asset value
per share" of the Fund, in accordance with the then current prospectus of the
Trust, as from time to time amended.
Please confirm below your willingness to render such services.
▇▇▇ ▇▇▇ FUNDS
ATTEST: /s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ BY: /s/ ▇▇▇▇ ▇. ▇▇▇ ▇▇▇
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President
Confirmed, Agreed to and Accepted this October 29, 1993:
▇▇▇ ▇▇▇ SECURITIES CORPORATION
ATTEST: /s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ BY: /s/ ▇▇▇▇ ▇. ▇▇▇ ▇▇▇
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President