EMERGING MARKETS PORTFOLIO
AGREEMENT AND DECLARATION OF UNITHOLDERS
This AGREEMENT AND DECLARATION OF UNITHOLDERS is made at Minneapolis, Minnesota,
as of this 13th day of November, 1996 by the holders of beneficial interest of
Emerging Markets Portfolio, a separate series of World Trust.
WITNESS THAT, the Declaration of Trust (the "Declaration of Trust") for World
Trust dated November 13, 1996, on file in the office of the Secretary of State
of the Commonwealth of Massachusetts, provides for no restrictions on the
transfer of units therein; and
WHEREAS, the holders of units in Emerging Markets Portfolio desire to restrict
the transfer of their units in Emerging Markets Portfolio;
NOW, THEREFORE, the undersigned hereby declare that they will not transfer any
units in Emerging Markets Portfolio held by them without the prior written
consent of the other unitholders holding at least two thirds of the Emerging
Markets Portfolio's units outstanding (excluding the units of the holder seeking
to effect the transfer) and that any attempted transfer in violation of this
agreement shall be null and void. This agreement shall not affect the rights of
any unitholder to redeem units in Emerging Markets Portfolio as provided for in
the Declaration of Trust. The undersigned also acknowledge that the remedy of
damages for the violation of this agreement would be inadequate and therefore
further agree that this agreement shall be enforceable solely by the remedy of
specific performance.
IDS GLOBAL SERIES, INC.
IDS Emerging Markets Fund
/s/ Xxxxxx X. Xxx
Xxxxxx X. Xxx
Vice President and General Counsel
STRATEGIST WORLD FUND, INC.
Strategist Emerging Markets Fund
/s/ Xxxxx X. Xxxxxxxx
Xxxxx X. Xxxxxxxx
President