WHEREAS, [Name of Fund] (the "Fund") is a Massachusetts business trust which offers shares of beneficial interest and may offer shares of additional series in the future; WHEREAS, American Funds Distributors, Inc. ("AFD") will serve as distributor of...

Form
          of

PLAN
          OF
          DISTRIBUTION
OF
[Name
          of
          Fund]


WHEREAS,
          [Name of
          Fund] (the "Fund") is a Massachusetts business trust which offers shares
          of
          beneficial interest  and may offer shares of additional series in the
          future;

WHEREAS,
          American
          Funds Distributors, Inc. ("AFD") will serve as distributor of the shares
          of
          beneficial interest of the Fund, and the Fund and AFD are parties to a
          principal
          underwriting agreement (the "Agreement");

WHEREAS,
          the
          purpose of this Plan of Distribution (the "Plan") is to authorize the Fund
          to
          bear expenses of distribution of its shares, including reimbursement of
          AFD for
          its expenses in the promotion of the sale of shares of the Fund, pursuant
          to the
          Agreement;

WHEREAS,
          the Board
          of Trustees of the Fund has determined that there is a reasonable likelihood
          that this Plan will benefit the Fund and its shareholders:

NOW,
          THEREFORE, the
          Fund adopts this Plan as follows:

1.         The
          Fund may expend pursuant to this Plan amounts not to exceed 0.15 of 1%
          of the
          average daily net assets of the Fund per annum.

2.         Subject
          to the limit in paragraph 1, the Fund shall pay, or reimburse AFD for,
          amounts
          to finance any activity which is primarily intended to result in the sale
          of
          shares of the Fund including, but not limited to, commissions or other
          payments
          to dealers, and salaries and other expenses relating to selling or servicing
          efforts; provided, (i) that the Board of Trustees of the Fund shall have
          approved categories of expenses for which payment or reimbursement shall
          be made
          pursuant to this paragraph 2, and (ii) that reimbursement shall be made
          in
          accordance with the terms of the Agreement.

3.         This
          Plan shall not take effect until it has been approved by vote of a majority
          of
          the outstanding voting securities of the Fund (as defined in the Investment
          Company Act of 1940 (the "1940 Act")) and by the Board of Trustees as provided
          in paragraph 4.

4.         This
          Plan shall not take effect until it has been approved, together with any
          related
          agreement, by votes of the majority of both (i) the Board of Trustees of
          the
          Fund and (ii) those Trustees of the Fund who are not "interested persons"
          of the
          Fund (as defined in the 1940 Act) and have no direct or indirect financial
          interest in the operation of this Plan or any agreement related to it (the
          "Independent Trustees"), cast in person at a meeting called for the purpose
          of
          voting on this Plan and/or such agreement.

5.         At
          least quarterly, the Board of Trustees shall be provided by any person
          authorized to direct the disposition of monies paid or payable by the Fund
          pursuant to this Plan or any related agreement, and the Board shall review
          a
          written report of the amounts expended pursuant to the Plan and the purposes
          for
          which such expenditures were made.

6.         This
          Plan may be terminated as to the Fund at any time by vote of a majority
          of the
          Independent Trustees, or by vote of a majority of the outstanding voting
          securities (as defined in the 1940 Act) of the Fund.  Unless sooner
          terminated in accordance with this provision, this Plan shall continue
          in effect
          until [date].  It may thereafter be renewed from year to year in the
          manner provided for in paragraph 4 hereof.

7.         Any
          agreement related to this Plan shall be in writing, and shall
          provide:


          

              
                 

                A.

                that
                    such
                    agreement may be terminated as to the Fund at any time, without
                    payment of
                    any penalty, by vote of a majority of the Independent Trustees
                    or by a
                    vote of a majority of the outstanding voting securities (as defined
                    in the
                    1940 Act) of the Fund, on not more than sixty (60) days' written
                    notice to
                    any other party to the agreement;
                    and

              

        


          

              
                 

                B.

                that
                    such
                    agreement shall terminate automatically in the event of its
                    assignment.

              

        

8.         This
          Plan may not be amended to increase materially the maximum amount of fee
          or
          other distribution expenses provided for in paragraph 1 hereof with respect
          to
          the Fund unless such amendment is approved by the voting securities of
          the Fund
          in the manner provided in paragraph 3 hereof, and no material amendment
          to this
          Plan shall be made unless approved in the manner provided for in paragraph
          4
          hereof.

9.         While
          this Plan is in effect, the selection and nomination of Trustees of the
          Fund who
          are not "interested persons" of the Fund (as defined in the 1940 Act) shall
          be
          committed to the discretion of the Trustees who are not interested
          persons.

10.                    If
          the Fund shall at any time issue shares in more than one series, this Plan
          may
          be adopted, amended, continued or renewed with respect to a series as provided
          herein notwithstanding such adoption, amendment, continuance or renewal
          has not
          been effected with respect to any one or more other series of the
          Fund.

11.                    The
          obligations of the Fund under this Agreement are not binding upon any of
          the
          Trustees, officers, employees, agents or shareholders of the Fund individually,
          but bind only the Fund's estate.  Persons entitled to receive payments
          from the Fund under the Plan shall look solely to the assets of the Fund
          for any
          payment by the Fund under this Plan and will not seek recourse against
          such
          Trustees, officers, employees, agents or shareholders, or any of them or
          any of
          their personal assets for such payments.

12.                    The
          Fund shall preserve copies of this Plan and any related agreement and all
          reports made pursuant to paragraph 5 hereof for a period of not less than
          six
          (6) years from the date of this Plan, or such agreement or reports, as
          the case
          may be, the first two (2) years of which such records shall be stored in
          an
          easily accessible place.

IN
          WITNESS WHEREOF,
          the Fund has caused this Plan to be executed by its officers thereunto
          duly
          authorized, as of [date].

[Name
          of
          Fund]


By_________________




By_________________

 
 
 
 
Form
        of
AMENDED
        AND
        RESTATED
 PLAN
        OF
        DISTRIBUTION
of
[Name
        of
        Fund]
relating
        to
        its
CLASS
        R-1
        SHARES


WHEREAS,
        [Name of
        Fund] (the “Fund”) is a [Maryland corporation][Massachusetts business trust]
        that offers various classes of shares of [common stock][beneficial interest];
        and

WHEREAS,
        American
        Funds Distributors, Inc. (“AFD”) or any successor entity designated by the Fund
        (AFD and any such successor collectively are referred to as “Distributor”) will
        serve as distributor of the shares of common stock of the Fund, and the Fund
        and
        Distributor are parties to a principal underwriting agreement (the “Agreement”);
        and

WHEREAS,
        the
        purpose of this Plan of Distribution (the “Plan”) is to authorize the Fund to
        bear expenses of distribution of its Class R-1 shares; and

WHEREAS,
        the Board
        of [Directors][Trustees] of the Fund has determined that there is a reasonable
        likelihood that this Plan will benefit the Fund and its
        shareholders;

NOW,
        THEREFORE, the
        Fund adopts this Plan as follows:

1.           Payments
        to Distributor.  The Fund may expend pursuant to this Plan and as
        set forth below an aggregate amount not to exceed 1.00% per annum of the
        average
        net assets of the Fund’s Class R-1 shares.

The
        categories
        of  expenses permitted under this Plan include service fees (“Service
        Fees”) in an amount not to exceed 0.25%, and distribution fees (“Distribution
        Fees”) in an amount not to exceed 0.75%, each such percentage being per annum
        of
        the average net assets of the Fund’s Class R-1 shares. The actual amounts paid
        shall be determined by the Board of [Directors][Trustees].  The
        Service Fee compensates the Distributor for service-related expenses, including
        paying Service Fees to others in respect of Class R-1 shares of the Fund.
        The
        Distribution Fee compensates the Distributor for providing distribution services
        in respect of Class R-1 shares of the Fund.

Notwithstanding
        the
        foregoing, the Distributor will retain such fees (after all permissible payments
        to third parties) only with respect to accounts to which a broker-dealer
        other
        than the Distributor has been assigned.

2.       Approval
        by the Board.  This Plan shall not take effect until it has been
        approved, together with any related agreement, by votes of the majority of
        both
        (i) the Board of [Directors][Trustees] of the Fund and (ii) those
        [Directors][Trustees] of the Fund who are not “interested persons” of the Fund
        (as defined in the Investment Company Act of 1940) and have no direct or
        indirect financial interest in the operation of this Plan or any agreement
        related to it (the “Independent [Directors][Trustees]”), cast in person at a
        meeting called for the purpose of voting on this Plan and/or such
        agreement.

3.       Review
        of Expenditures.  At least quarterly, the Board of
        [Directors][Trustees] shall be provided by any person authorized to direct
        the
        disposition of monies paid or payable by the Fund pursuant to this Plan or
        any
        related agreement, and the Board shall review, a written report of the amounts
        expended pursuant to this Plan and the purposes for which such expenditures
        were
        made.

4.       Termination
        of Plan.  This Plan may be terminated as to the Fund’s Class R-1
        shares at any time by vote of a majority of the Independent
        [Directors][Trustees], or by vote of a majority of the outstanding Class
        R-1
        shares of the Fund.  Unless sooner terminated in accordance with this
        provision, this Plan shall continue in effect until December 31,
        2005.  It may thereafter be continued from year to year in the manner
        provided for in paragraph 2 hereof.

5.       Requirements
        of Agreement.  Any Agreement related to this Plan shall be in
        writing, and shall provide:

a.       that
        such Agreement may be terminated as to the Fund at any time, without payment
        of
        any penalty by the vote of a majority of the Independent [Directors][Trustees]
        or by a vote of a majority of the outstanding Class R-1 shares of the Fund,
        on
        not more than sixty (60) days’ written notice to any other party to the
        Agreement; and

b.       that
        such Agreement shall terminate automatically in the event of its
        assignment.

6.       Amendment.  This
        Plan may not be amended to increase materially the maximum amount of fees
        or
        other distribution expenses provided for in paragraph 1 hereof with respect
        to
        the Class R-1 shares of the Fund unless such amendment is approved by vote
        of a
        majority of the outstanding voting securities of the Class R-1 shares of
        the
        Fund and as provided in paragraph 2 hereof, and no other material amendment
        to
        this Plan shall be made unless approved in the manner provided for in paragraph
        2 hereof.

7.       Nomination
        of [Directors][Trustees].  While this Plan is in effect, the
        selection and nomination of Independent [Directors][Trustees] shall be committed
        to the discretion of the Independent [Directors][Trustees] of the
        Fund.

8.       Issuance
        of Series of Shares.  If the Fund shall at any time issue shares
        in more than one series, this Plan may be adopted, amended, continued or
        renewed
        with respect to a series as provided herein, notwithstanding that such adoption,
        amendment, continuance or renewal has not been effected with respect to any
        one
        or more other series of the Fund.

9.       Record
        Retention.  The Fund shall preserve copies of this Plan and any
        related agreement and all reports made pursuant to paragraph 3 hereof for
        not
        less than six (6) years from the date of this Plan, or such agreement or
        reports, as the case may be, the first two (2) years of which such records
        shall
        be stored in an easily accessible place.

IN
        WITNESS WHEREOF,
        the Fund has caused this Plan to be executed by its officers thereunto duly
        authorized, as of [ date ], 2005.



        

            
               

              [Name
                  of
                  Fund]

            

      



        

            
               

              By
                  ______________________________

            

      


By
        ______________________________
Form
        of
AMENDED
        AND
        RESTATED
PLAN
        OF
        DISTRIBUTION
of
[Name
        of
        Fund]
relating
        to
        its
CLASS
        R-2
        SHARES


WHEREAS,
        [Name of
        Fund] (the “Fund”) is a [Maryland corporation][Massachusetts business trust]
        that offers various classes of shares of [common stock][beneficial interest];
        and

WHEREAS,
        American
        Funds Distributors, Inc. (“AFD”) or any successor entity designated by the Fund
        (AFD and any such successor collectively are referred to as “Distributor”) will
        serve as distributor of the shares of common stock of the Fund, and the Fund
        and
        Distributor are parties to a principal underwriting agreement (the “Agreement”);
        and

WHEREAS,
        the
        purpose of this Plan of Distribution (the “Plan”) is to authorize the Fund to
        bear expenses of distribution of its Class R-2 shares; and

WHEREAS,
        the Board
        of [Directors][Trustees] of the Fund has determined that there is a reasonable
        likelihood that this Plan will benefit the Fund and its
        shareholders;

NOW,
        THEREFORE, the
        Fund adopts this Plan as follows:

1.           Payments
        to Distributor.  The Fund may expend pursuant to this Plan and as
        set forth below an aggregate amount not to exceed 1.00% per annum of the
        average
        net assets of the Fund’s Class R-2 shares.

The
        categories
        of  expenses permitted under this Plan include service fees (“Service
        Fees”) in an amount not to exceed 0.25%, and distribution fees (“Distribution
        Fees”) in an amount not to exceed 0.75%, each such percentage being per annum
        of
        the average net assets of the Fund’s Class R-2 shares. The actual amounts paid
        shall be determined by the Board of [Directors][Trustees].  The
        Service Fee compensates the Distributor for service-related expenses, including
        paying Service Fees to others in respect of Class R-2 shares of the Fund.
        The
        Distribution Fee compensates the Distributor for providing distribution services
        in respect of Class R-2 shares of the Fund.

Notwithstanding
        the
        foregoing, the Distributor will retain such fees (after all permissible payments
        to third parties) only with respect to accounts to which a broker-dealer
        other
        than the Distributor has been assigned.

2.       Approval
        by the Board.  This Plan shall not take effect until it has been
        approved, together with any related agreement, by votes of the majority of
        both
        (i) the Board of [Directors][Trustees] of the Fund and (ii) those
        [Directors][Trustees] of the Fund who are not “interested persons” of the Fund
        (as defined in the Investment Company Act of 1940) and have no direct or
        indirect financial interest in the operation of this Plan or any agreement
        related to it (the “Independent [Directors][Trustees]”), cast in person at a
        meeting called for the purpose of voting on this Plan and/or such
        agreement.

3.       Review
        of Expenditures.  At least quarterly, the Board of
        [Directors][Trustees] shall be provided by any person authorized to direct
        the
        disposition of monies paid or payable by the Fund pursuant to this Plan or
        any
        related agreement, and the Board shall review, a written report of the amounts
        expended pursuant to this Plan and the purposes for which such expenditures
        were
        made.

4.       Termination
        of Plan.  This Plan may be terminated as to the Fund’s Class R-2
        shares at any time by vote of a majority of the Independent
        [Directors][Trustees], or by vote of a majority of the outstanding Class
        R-2
        shares of the Fund.  Unless sooner terminated in accordance with this
        provision, this Plan shall continue in effect until December 31,
        2005.  It may thereafter be continued from year to year in the manner
        provided for in paragraph 2 hereof.

5.       Requirements
        of Agreement.  Any Agreement related to this Plan shall be in
        writing, and shall provide:

a.       that
        such Agreement may be terminated as to the Fund at any time, without payment
        of
        any penalty by the vote of a majority of the Independent [Directors][Trustees]
        or by a vote of a majority of the outstanding Class R-2 shares of the Fund,
        on
        not more than sixty (60) days’ written notice to any other party to the
        Agreement; and

b.       that
        such Agreement shall terminate automatically in the event of its
        assignment.

6.       Amendment.  This
        Plan may not be amended to increase materially the maximum amount of fees
        or
        other distribution expenses provided for in paragraph 1 hereof with respect
        to
        the Class R-2 shares of the Fund unless such amendment is approved by vote
        of a
        majority of the outstanding voting securities of the Class R-2 shares of
        the
        Fund and as provided in paragraph 2 hereof, and no other material amendment
        to
        this Plan shall be made unless approved in the manner provided for in paragraph
        2 hereof.

7.       Nomination
        of [Directors][Trustees].  While this Plan is in effect, the
        selection and nomination of Independent [Directors][Trustees] shall be committed
        to the discretion of the Independent [Directors][Trustees] of the
        Fund.

8.       Issuance
        of Series of Shares.  If the Fund shall at any time issue shares
        in more than one series, this Plan may be adopted, amended, continued or
        renewed
        with respect to a series as provided herein, notwithstanding that such adoption,
        amendment, continuance or renewal has not been effected with respect to any
        one
        or more other series of the Fund.

9.       Record
        Retention.  The Fund shall preserve copies of this Plan and any
        related agreement and all reports made pursuant to paragraph 3 hereof for
        not
        less than six (6) years from the date of this Plan, or such agreement or
        reports, as the case may be, the first two (2) years of which such records
        shall
        be stored in an easily accessible place.

IN
        WITNESS WHEREOF,
        the Fund has caused this Plan to be executed by its officers thereunto duly
        authorized, as of October 1, 2005.



        

            
               

              [Name
                  of
                  Fund]

            

      



        

            
               

              By
                  ______________________________

            

      


By
        ______________________________
Form
        of
AMENDED
        AND
        RESTATED
 PLAN
        OF
        DISTRIBUTION
of
[Name
        of
        Fund]
relating
        to
        its
CLASS
        R-3
        SHARES


WHEREAS,
        [Name of
        Fund] (the “Fund”) is a [Maryland corporation][Massachusetts business trust]
        that offers various classes of shares of [common stock][beneficial interest];
        and

WHEREAS,
        American
        Funds Distributors, Inc. (“AFD”) or any successor entity designated by the Fund
        (AFD and any such successor collectively are referred to as “Distributor”) will
        serve as distributor of the shares of common stock of the Fund, and the Fund
        and
        Distributor are parties to a principal underwriting agreement (the “Agreement”);
        and

WHEREAS,
        the
        purpose of this Plan of Distribution (the “Plan”) is to authorize the Fund to
        bear expenses of distribution of its Class R-3 shares; and

WHEREAS,
        the Board
        of [Directors][Trustees] of the Fund has determined that there is a reasonable
        likelihood that this Plan will benefit the Fund and its
        shareholders;

NOW,
        THEREFORE, the
        Fund adopts this Plan as follows:

1.           Payments
        to Distributor.  The Fund may expend pursuant to this Plan and as
        set forth below an aggregate amount not to exceed 0.75% per annum of the
        average
        net assets of the Fund’s Class R-3 shares.

The
        categories
        of  expenses permitted under this Plan include service fees (“Service
        Fees”) in an amount not to exceed 0.25%, and distribution fees (“Distribution
        Fees”) in an amount not to exceed 0.50%, each such percentage being per annum
        of
        the average net assets of the Fund’s Class R-3 shares. The actual amounts paid
        shall be determined by the Board of [Directors][Trustees].  The
        Service Fee compensates the Distributor for service-related expenses, including
        paying Service Fees to others in respect of Class R-3 shares of the Fund.
        The
        Distribution Fee compensates the Distributor for providing distribution services
        in respect of Class R-3 shares of the Fund.

Notwithstanding
        the
        foregoing, the Distributor will retain such fees (after all permissible payments
        to third parties) only with respect to accounts to which a broker-dealer
        other
        than the Distributor has been assigned.

2.       Approval
        by the Board.  This Plan shall not take effect until it has been
        approved, together with any related agreement, by votes of the majority of
        both
        (i) the Board of [Directors][Trustees] of the Fund and (ii) those
        [Directors][Trustees] of the Fund who are not “interested persons” of the Fund
        (as defined in the Investment Company Act of 1940) and have no direct or
        indirect financial interest in the operation of this Plan or any agreement
        related to it (the “Independent [Directors][Trustees]”), cast in person at a
        meeting called for the purpose of voting on this Plan and/or such
        agreement.

3.       Review
        of Expenditures.  At least quarterly, the Board of
        [Directors][Trustees] shall be provided by any person authorized to direct
        the
        disposition of monies paid or payable by the Fund pursuant to this Plan or
        any
        related agreement, and the Board shall review, a written report of the amounts
        expended pursuant to this Plan and the purposes for which such expenditures
        were
        made.

4.       Termination
        of Plan.  This Plan may be terminated as to the Fund’s Class R-3
        shares at any time by vote of a majority of the Independent
        [Directors][Trustees], or by vote of a majority of the outstanding Class
        R-3
        shares of the Fund.  Unless sooner terminated in accordance with this
        provision, this Plan shall continue in effect until December 31,
        2005.  It may thereafter be continued from year to year in the manner
        provided for in paragraph 2 hereof.

5.       Requirements
        of Agreement.  Any Agreement related to this Plan shall be in
        writing, and shall provide:

a.       that
        such Agreement may be terminated as to the Fund at any time, without payment
        of
        any penalty by the vote of a majority of the Independent [Directors][Trustees]
        or by a vote of a majority of the outstanding Class R-3 shares of the Fund,
        on
        not more than sixty (60) days’ written notice to any other party to the
        Agreement; and

b.       that
        such Agreement shall terminate automatically in the event of its
        assignment.

6.       Amendment.  This
        Plan may not be amended to increase materially the maximum amount of fees
        or
        other distribution expenses provided for in paragraph 1 hereof with respect
        to
        the Class R-3 shares of the Fund unless such amendment is approved by vote
        of a
        majority of the outstanding voting securities of the Class R-3 shares of
        the
        Fund and as provided in paragraph 2 hereof, and no other material amendment
        to
        this Plan shall be made unless approved in the manner provided for in paragraph
        2 hereof.

7.       Nomination
        of [Directors][Trustees].  While this Plan is in effect, the
        selection and nomination of Independent [Directors][Trustees] shall be committed
        to the discretion of the Independent [Directors][Trustees] of the
        Fund.

8.       Issuance
        of Series of Shares.  If the Fund shall at any time issue shares
        in more than one series, this Plan may be adopted, amended, continued or
        renewed
        with respect to a series as provided herein, notwithstanding that such adoption,
        amendment, continuance or renewal has not been effected with respect to any
        one
        or more other series of the Fund.

9.       Record
        Retention.  The Fund shall preserve copies of this Plan and any
        related agreement and all reports made pursuant to paragraph 3 hereof for
        not
        less than six (6) years from the date of this Plan, or such agreement or
        reports, as the case may be, the first two (2) years of which such records
        shall
        be stored in an easily accessible place.

IN
        WITNESS WHEREOF,
        the Fund has caused this Plan to be executed by its officers thereunto duly
        authorized, as of [ date ], 2005.



        

            
               

              [Name
                  of
                  Fund]

            

      



        

            
               

              By
                  ______________________________

            

      


By
        ______________________________
Form
        of
AMENDED
        AND
        RESTATED
PLAN
        OF
        DISTRIBUTION
of
[Name
        of
        Fund]
relating
        to
        its
CLASS
        R-4
        SHARES


WHEREAS,
        [Name of
        Fund] (the “Fund”) is a [Maryland corporation][Massachusetts business trust]
        that offers various classes of shares of [common stock][beneficial interest];
        and

WHEREAS,
        American
        Funds Distributors, Inc. (“AFD”) or any successor entity designated by the Fund
        (AFD and any such successor collectively are referred to as “Distributor”) will
        serve as distributor of the shares of common stock of the Fund, and the Fund
        and
        Distributor are parties to a principal underwriting agreement (the “Agreement”);
        and

WHEREAS,
        the
        purpose of this Plan of Distribution (the “Plan”) is to authorize the Fund to
        bear expenses of distribution of its Class R-4 shares; and

WHEREAS,
        the Board
        of [Directors][Trustees] of the Fund has determined that there is a reasonable
        likelihood that this Plan will benefit the Fund and its
        shareholders;

NOW,
        THEREFORE, the
        Fund adopts this Plan as follows:

1.           Payments
        to Distributor.  The Fund may expend pursuant to this Plan and as
        set forth below an aggregate amount not to exceed 0.50% per annum of the
        average
        net assets of the Fund’s Class R-4 shares.

The
        categories
        of  expenses permitted under this Plan include service fees (“Service
        Fees”) in an amount not to exceed 0.25%, and distribution fees (“Distribution
        Fees”) in an amount not to exceed 0.25%, each such percentage being per annum
        of
        the average net assets of the Fund’s Class R-4 shares. The actual amounts paid
        shall be determined by the Board of [Directors][Trustees].  The
        Service Fee compensates the Distributor for service-related expenses, including
        paying Service Fees to others in respect of Class R-4 shares of the Fund.
        The
        Distribution Fee compensates the Distributor for providing distribution services
        in respect of Class R-4 shares of the Fund.

Notwithstanding
        the
        foregoing, the Distributor will retain such fees (after all permissible payments
        to third parties) only with respect to accounts to which a broker-dealer
        other
        than the Distributor has been assigned.

2       Approval
        by the Board.  This Plan shall not take effect until it has been
        approved, together with any related agreement, by votes of the majority of
        both
        (i) the Board of [Directors][Trustees] of the Fund and (ii) those
        [Directors][Trustees] of the Fund who are not “interested persons” of the Fund
        (as defined in the Investment Company Act of 1940) and have no direct or
        indirect financial interest in the operation of this Plan or any agreement
        related to it (the “Independent [Directors][Trustees]”), cast in person at a
        meeting called for the purpose of voting on this Plan and/or such
        agreement.

3.       Review
        of Expenditures.  At least quarterly, the Board of
        [Directors][Trustees] shall be provided by any person authorized to direct
        the
        disposition of monies paid or payable by the Fund pursuant to this Plan or
        any
        related agreement, and the Board shall review, a written report of the amounts
        expended pursuant to this Plan and the purposes for which such expenditures
        were
        made.

4.       Termination
        of Plan.  This Plan may be terminated as to the Fund’s Class R-4
        shares at any time by vote of a majority of the Independent
        [Directors][Trustees], or by vote of a majority of the outstanding Class
        R-4
        shares of the Fund.  Unless sooner terminated in accordance with this
        provision, this Plan shall continue in effect until December 31,
        2005.  It may thereafter be continued from year to year in the manner
        provided for in paragraph 2 hereof.

5.       Requirements
        of Agreement.  Any Agreement related to this Plan shall be in
        writing, and shall provide:

a.       that
        such Agreement may be terminated as to the Fund at any time, without payment
        of
        any penalty by the vote of a majority of the Independent [Directors][Trustees]
        or by a vote of a majority of the outstanding Class R-4 shares of the Fund,
        on
        not more than sixty (60) days’ written notice to any other party to the
        Agreement; and

b.       that
        such Agreement shall terminate automatically in the event of its
        assignment.

6.       Amendment.  This
        Plan may not be amended to increase materially the maximum amount of fees
        or
        other distribution expenses provided for in paragraph 1 hereof with respect
        to
        the Class R-4 shares of the Fund unless such amendment is approved by vote
        of a
        majority of the outstanding voting securities of the Class R-4 shares of
        the
        Fund and as provided in paragraph 2 hereof, and no other material amendment
        to
        this Plan shall be made unless approved in the manner provided for in paragraph
        2 hereof.

7.       Nomination
        of [Directors][Trustees].  While this Plan is in effect, the
        selection and nomination of Independent [Directors][Trustees] shall be committed
        to the discretion of the Independent [Directors][Trustees] of the
        Fund.

8.       Issuance
        of Series of Shares.  If the Fund shall at any time issue shares
        in more than one series, this Plan may be adopted, amended, continued or
        renewed
        with respect to a series as provided herein, notwithstanding that such adoption,
        amendment, continuance or renewal has not been effected with respect to any
        one
        or more other series of the Fund.

9.       Record
        Retention.  The Fund shall preserve copies of this Plan and any
        related agreement and all reports made pursuant to paragraph 3 hereof for
        not
        less than six (6) years from the date of this Plan, or such agreement or
        reports, as the case may be, the first two (2) years of which such records
        shall
        be stored in an easily accessible place.

IN
        WITNESS WHEREOF,
        the Fund has caused this Plan to be executed by its officers thereunto duly
        authorized, as of [ date ], 2005.



        

            
               

              [Name
                  of
                  Fund]

            

      



        

            
               

              By
                  ______________________________

            

      



        

            
               

              By
                  ______________________________

            

      
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WHEREAS, [Name of Fund] (the "Fund") is a Massachusetts business trust which offers shares of beneficial interest and may offer shares of additional series in the future; WHEREAS, American Funds Distributors, Inc. ("AFD") will serve as distributor of...

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