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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.
WHEREAS, the Declaration of Trust for World Trust 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
