Exhibit (m)(xv) under Form N-1A
Exhibit 1 under Item 601/Reg. S-K
RULE 12B-1 PLAN
LETTER AGREEMENT
Federated Securities Corp.
Federated Investors Tower
Pittsburgh, PA 15222-3779
October 24, 2000
Vision Group of Funds
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Dear Sirs:
Under the Rule 12b-1 Plan between Federated Securities Corp. (the
"Distributor") and Vision Group of Funds (the "Trust"), to be dated November 1,
2000, the Distributor agrees to contractually waive its Rule 12b-1 distribution
fee of 0.25% (based on average daily net assets) to which it is otherwise
entitled to receive on the designated Class or Fund listed below for a one year
period starting from the commencement of each Fund's operations, which is
anticipated to occur on or about December 18, 2000.
Vision International Equity Fund - Class A Shares
Vision Pennsylvania Municipal Income Fund - Class A Shares
Vision Intermediate Term Bond Fund - Class A Shares
Vision Small Cap Stock Fund - Class A Shares
Vision Institutional Limited Duration U. S. Government Fund
Vision Institutional Prime Money Market Fund
Vision Managed Allocation Fund - Conservative Growth - Class A Shares
Vision Managed Allocation Fund - Aggressive Growth - Class A Shares
Vision Managed Allocation Fund - Moderate Growth - Class A Shares
Vision Large Cap Core Fund - Class A Shares
If the foregoing correctly sets forth the agreement between the Trust and
the Distributor, please so indicate by signing and returning to the Trust the
enclosed copy hereof. This may be executed in counterpart
Very truly yours,
FEDERATED SECURITIES CORP.
By: /S/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: Assistant Secretary
ACCEPTED:
VISION GROUP OF FUNDS
By: /S/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: Assistant Secretary
