Exhibit 1(b)
ESTABLISHMENT OF NEW SUB-TRUST
AMENDMENT TO MASTER TRUST AGREEMENT
AMENDMENT NO. 2 to the Amended Master Trust Agreement dated July 11, 1996
(referred to herein as the "Agreement"), adopted the 8TH day of February 1999,
by the Trustees under such Agreement, and effective upon the certification and
filing of this Amendment as provided herein.
WITNESSETH
WHEREAS, pursuant to the Agreement, the Trustees have established and
designated five- sub-trusts; and
WHEREAS, the Trustees have the authority, without shareholder approval,
under Section 4.1 of the Agreement to establish and designate additional
separate and distinct sub-trusts and to fix and determine certain relative
rights and preferences as between the shares of the sub-trusts;
WHEREAS, the Trustees hereby desire to establish and designate one new sub-
trust and to fix the rights and preferences of the shares thereof.
Establishment and Designation of Sub-Trust.
Without limiting the authority of the Trustees set forth in Section 4.1 of the
Agreement to establish and designate any further sub-trusts, and without
effecting rights and preferences of the five existing sub-trusts, the trustees
hereby establish and designate one new sub-trust to be named the "Real Estate
Securities Fund." The shares of the new Fund shall have all the relative rights
and preferences granted by the Agreement to the existing sub-trusts including
those listed in Section 4.2 of the Agreement.
The undersigned hereby certify that the Amendment set forth above has been duly
adopted in accordance with the provision of the Master Trust Agreement.
IN WITNESS WHEREOF, the undersigned have hereunto set their hands and seals for
themselves and their assigns, as of the day and year first above written. This
instrument may be executed in one or more counterparts, all of which shall
together constitute a single instrument.
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