ACCOLADE FUNDS
AMENDMENT NO. 1 TO THE
FIRST AMENDED AND RESTATED MASTER TRUST AGREEMENT
AMENDMENT NO. 1 to the First Amended and Restated Master Trust Agreement of
Accolade Funds dated May 22, 1996, made at San Antonio, Texas this 20th day of
November, 1996, by the Trustee hereunder.
WITNESSETH:
WHEREAS, a majority of the Trustees of the Trust have duly adopted the amendment
to the Agreement shown below and authorized the same to be filed with the
Secretary of State of the Commonwealth of Massachusetts.
WHEREAS, the Trustees have the authority, under Section 4.1 of the First Amended
and Restated Master Trust Agreement, to divide the class of Shares of the Trust
into two or more Series of Shares as they deem necessary or desirable (each of
which Series of Shares is a separate and distinct Sub-Trust of the Trust); and
WHEREAS, the Trustees desire to change the name of the Leeb Value Fund to the
MegaTrends Fund; and
WHEREAS, the Trust presently consists of two Series of Shares;
WHEREAS, the Trustees desire to establish and designate three new Series of
Shares of the Trust; the Xxxxxx Xxx Global Opportunity Fund, the Regent Eastern
Europe Fund and the Regent Korean Fund;
NOW, THEREFORE, the undersigned Xxxxx X. Xxxxxx, the duly elected and serving
president of the Trust, pursuant to the authorization described above, hereby
amends Section 4.2 of the Master Trust Agreement, as heretofore in effect to
read as follows:
Section 4.2. ESTABLISHMENT AND DESIGNATION OF SUB-TRUSTS. Without limiting
the authority of the Trustees set forth in Section 4.1 to establish and
designate any further Sub-Trusts, the Trustees hereby establish and
designate five Sub-Trusts: Bonnel Growth Fund; MegaTrends Fund, Xxxxxx Xxx
Global Opportunity Fund, Regent Emerging Europe Fund and Regent Korean Fund.
WITNESS my hand and seal this 20th day of November, 1996.
Xxxxx X. Xxxxxx
/S/ XXXXX X. XXXXXX
----------------------------------------------
President, Chief Executive Officer and Trustee
S E A L
STATE OF TEXAS )
)ss
COUNTY OF BEXAR )
Then personally appeared the above named Xxxxx X. Xxxxxx and acknowledged this
instrument to be his act and deed this 20th day of November, 1996.
/s/ Xxxxxxxx X. Xxxxxx
-------------------------
XXXXXXXX X. XXXXXX
Notary Public
State of Texas
My Commission Expires 01/11/00