▇▇▇▇ ▇▇▇▇▇▇▇ EQUITY TRUST
▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
▇▇▇▇ ▇▇▇▇▇▇▇ Funds, LLC
▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Ladies and Gentlemen:
Pursuant to Section 14 of the Distribution Agreement dated as of August
1, 1991 between ▇▇▇▇ ▇▇▇▇▇▇▇ Special Equities Fund now known as ▇▇▇▇ ▇▇▇▇▇▇▇
Equity Trust (the "Trust") and ▇▇▇▇ ▇▇▇▇▇▇▇ Broker Distribution Services, Inc.,
now known as ▇▇▇▇ ▇▇▇▇▇▇▇ Funds, LLC, please be advised that the Trust has
established a new series of its shares, namely, ▇▇▇▇ ▇▇▇▇▇▇▇ Small Cap Fund (the
"Fund"), and please be further advised that the Trust desires to retain ▇▇▇▇
▇▇▇▇▇▇▇ Funds, LLC to serve as distributor and principal underwriter under the
Distribution Agreement for the Fund.
Please indicate your acceptance of this responsibility by signing this
letter as indicated below.
▇▇▇▇ ▇▇▇▇▇▇▇ FUNDS, LLC ▇▇▇▇ ▇▇▇▇▇▇▇ EQUITY TRUST on behalf of
▇▇▇▇ ▇▇▇▇▇▇▇ Small Cap Fund
By:/s/▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇ By: /s/▇▇▇▇▇ ▇. ▇▇▇▇▇▇
------------------------ ------------------
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
President and Chief Executive Officer Senior Vice President and Secretary
Dated: December 3, 2004
S:\Corporate Secretary\FUNDS\Equity Trust\Small Cap Fund\Small Cap Distribution
Agt Amendment.doc
