Common use of Subject Fund Clause in Contracts

Subject Fund. IIA is hereby appointed and IIA hereby accepts the ------------ appointment to act as an investment adviser and manager to the Managed Fund (the "Subject Fund"), effective November 1, 2000, for the period and on the terms herein set forth, for the compensation herein provided.

Subject Fund. IIA is hereby appointed and IIA hereby accepts the ------------ appointment to act as an investment adviser and manager to the Managed Growth & Income Fund (the "Subject Fund"), effective November 1, 2000, for the period and on the terms herein set forth, for the compensation herein provided.