▇▇▇▇ ▇▇▇▇▇▇▇ CAPITAL SERIES
▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
▇▇▇▇ ▇▇▇▇▇▇▇ Funds, LLC
▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Ladies and Gentlemen:
Pursuant to Section 14 of the Distribution Agreement dated as of August
1, 1991 between ▇▇▇▇ ▇▇▇▇▇▇▇ Capital Series (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,
▇▇▇▇ ▇▇▇▇▇▇▇ Large Cap Select 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 ▇▇▇▇ ▇▇▇▇▇▇▇ CAPITAL SERIES on behalf of
▇▇▇▇ ▇▇▇▇▇▇▇ Large Cap Select Fund
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇ By: /s/▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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▇▇▇▇▇▇▇ ▇. ▇▇▇▇ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
President Senior Vice President and Secretary
Dated: August 25, 2003
