Exhibit (a)(18)
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AMENDMENT NO. 17
TO
THE AMENDED AND RESTATED MASTER TRUST AGREEMENT
AMENDMENT NO. 17 to the Amended and Restated Master Trust Agreement dated
as of February 6, 1992 (the "Agreement") of ▇▇▇ ▇▇▇ Funds (the "Trust"), made as
of the 17th day of December 2002.
W I T N E S S E T H:
WHEREAS, Article VII, Section 7.3 of the Agreement provides that Section
3.6 of the Agreement may be amended at any time by an instrument in writing
signed by an officer of the Trust pursuant to a vote of a majority of the
Trustees and when authorized to do so by the vote of a majority of the
outstanding voting securities as such term is defined in the Investment Company
Act of 1940, as amended (the "1940 Act"); and
WHEREAS, on September 24, 1999, a majority of the Trustees voted to
eliminate the Troika Dialog Series of the Trust and to rename the Global Leaders
Fund as the Emerging Markets Fund (the "Fund"); and
WHEREAS Article IV, Section 4.2(d) of the Agreement provides that the
Trustees of the Trust may liquidate any particular Sub-Trust of the Trust
subject to the approval of the majority of the outstanding voting shares of that
Sub-Trust; and
WHEREAS on October 28, 2002 the shareholders of the Trioika Dialog Fund
voted to liquidate the Fund and
WHEREAS, the undersigned has been duly authorized by the Trustees to
execute and file this Amendment No. 17 to the Agreement; and
NOW, THEREFORE, the Agreement is hereby amended as follows:
Section 4.2 ESTABLISHMENT AND DESIGNATION OF SUB-TRUSTS. Without
limiting the authority of theTrustees set forth in Section 4.1 to
establish and designate any further Sub-Trusts, the Trustees hereby
establish and designate that following five Sub-Trusts: Asia Dynasty
(Class A and Class B), Emerging Markets Fund (Class A) Global Hard
Assets Fund (Class A, Class B and Class C), International Investors
Gold Fund (Class A) and U.S. Government Money Fund. 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 Treaties otherwise determine with respect to some
further Sub-Trust at the time of establishing and designating the
same) have the same 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.
Exhibit (a)(18)
IN WITNESS WHEREOF, the undersigned has hereto set his hands as of the day
and year first above written.
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By:
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Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇
Secretary