Common use of Authorized Representations Clause in Contracts

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements and prospectuses of the Trust filed with the SEC or contained in Shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulations.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements, prospectuses and statements and prospectuses of additional information of the Trust filed with the SEC or contained in Shareholder shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's ’s use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulations.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements and prospectuses of the Trust filed with the SEC or contained in Shareholder shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's ’s use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulationsregulations and approved by the Fund’s adviser.

Authorized Representations. The Distributor is not authorized by the Trust Fund to give any information or to make any representations other than those contained in the current registration statements statement or prospectus and prospectuses statement of the Trust filed with the SEC additional information, or contained in Shareholder shareholder reports or other material that may be prepared by or on behalf of the Trust Fund for the Distributor's ’s use. The Consistent with the foregoing, the Distributor may prepare and distribute sales literature and or other material as it may deem appropriateappropriate in consultation with the Fund, provided that such sales literature and materials have been prepared in accordance complies with applicable rules law and regulations.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements, prospectuses and statements and prospectuses of additional information of the Trust filed with the SEC or contained in Shareholder shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's ’s use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulations.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements and prospectuses of the Trust filed with the SEC or contained in Shareholder shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's ’s use. The Distributor may prepare and distribute sales literature and other material material, as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulations.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements and prospectuses of the Trust filed with the SEC or contained in Shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulationsapproved by the Trust prior to their use.

Authorized Representations. The Distributor is not authorized by the Trust or any Fund to give any information or to make any representations other than those contained in the current registration statements statement or prospectus and prospectuses statement of the Trust filed with the SEC additional information, or contained in Shareholder shareholder reports or other material that may be prepared by or on behalf of the Trust or any Fund for the Distributor's ’s use. The Consistent with the foregoing, the Distributor may prepare and distribute sales literature and or other material as it may deem appropriateappropriate in consultation with the Trust and the Managing Owner, provided that such sales literature and materials have been prepared is approved in accordance with Paragraph 8 below and complies with applicable rules law and regulations.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements and prospectuses of the Trust filed with the SEC or contained in Shareholder shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's ’s use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulations.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements and prospectuses of the Trust filed with the SEC or contained in Shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's ’s use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulations.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements statement or prospectus and prospectuses statement of the Trust filed with the SEC additional information, or contained in Shareholder shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's ’s use. The Consistent with the foregoing, the Distributor may prepare and distribute sales literature and or other material as it may deem appropriateappropriate in consultation with a Portfolio, provided that such sales literature and materials have been prepared in accordance complies with applicable rules law and regulations, and is approved in writing by an officer of the Trust.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements and prospectuses of the Trust filed with the SEC or contained in Shareholder shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's use. The Distributor may prepare and distribute sales literature and other material material, as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulations.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements and prospectuses of the Trust filed with the SEC or contained in Shareholder shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's ’s use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulations.

Authorized Representations. The Distributor is not authorized by the Trust to give on behalf of any Fund any information or to make any representations in connection with the sale of Shares other than those the information and representations contained in the current such Fund's registration statements and prospectuses of the Trust statement filed with the SEC under the 1933 Act and/or the 1940 Act, covering Shares, as such registration statement or such Fund's prospectus or statement of additional information may be amended or supplemented from time to time, or contained in Shareholder shareholder reports or other material that may be prepared by or on behalf of the Trust such Fund or approved by such Fund for the Distributor's use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulations.

Authorized Representations. The Distributor is not authorized -------------------------- by the Trust to give any information or to make any representations other than those contained in the current registration statements and prospectuses of the Trust filed with the SEC or contained in Shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulations.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements statement or prospectus and prospectuses statement of the Trust filed with the SEC additional information, or contained in Shareholder shareholder reports or other material that may be prepared by or on behalf of of, and approved by, the Trust for the Distributor's ’s use. The Consistent with the foregoing, the Distributor may prepare and distribute sales literature and or other material as it may deem appropriateappropriate in consultation with the Trust, provided that such sales literature and materials have been prepared in accordance complies with applicable rules law and regulations.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements, prospectuses and statements and prospectuses of additional information of the Trust filed with the SEC or contained in Shareholder shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's ’s use. The Distributor may prepare and distribute sales literature and other material (including advertising, marketing, shareholder communication, or promotional material, “Communications with the Public”) as it may deem appropriate, provided that such literature and materials Communications with the Public have been prepared in accordance with applicable rules and regulations.

Authorized Representations. The Distributor is not authorized by the Trust or any Fund to give any information or to make any representations other than those contained in the current registration statements statement or prospectus and prospectuses statement of the Trust filed with the SEC additional information, or contained in Shareholder shareholder reports or other material that may be prepared by or on behalf of the Trust or any Fund for the Distributor's ’s use. The Consistent with the foregoing, the Distributor may prepare and distribute sales literature and or other material as it may deem appropriateappropriate in consultation with the Trust and the Managing Owner, provided that such sales literature and materials have been prepared in accordance complies with applicable rules law and regulations.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements and prospectuses of the Trust with respect to the Shares filed with the SEC or contained in Shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulationsapproved by the Trust prior to their use.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements and prospectuses of the Trust filed with the SEC or contained in Shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulationsapproved by an officer of the Trust prior to their use.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements and prospectuses of the Trust filed with the SEC or contained in Shareholder shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulations.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements and prospectuses of the Trust filed with the SEC or contained in Shareholder shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulationsregulations and approved by the Fund's adviser.

Authorized Representations. The Distributor is not -------------------------- authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements and prospectuses of the Trust filed with the SEC or contained in Shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulationsapproved by the Trust prior to their use.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements Registration Statement and prospectuses of the Trust filed with the SEC or contained in Shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's ’s use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulations.

Authorized Representations. The Distributor is not authorized by the Trust Company to give any information or to make any representations other than those contained in the current registration statements and prospectuses of the Trust Company filed with the SEC or contained in Shareholder reports or other material that may be prepared by or on behalf of the Trust Company for the Distributor's use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulations.

Authorized Representations. The Distributor is not authorized by the Trust Trusts to give any information or to make any representations other than those contained in the current registration statements and prospectuses of the Trust Trusts filed with the SEC or contained in Shareholder reports or other material that may be prepared by or on behalf of the Trust Trusts for the Distributor's use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulations.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements and prospectuses of the Trust filed with the SEC or contained in Shareholder shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulations.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements and prospectuses of the Trust filed with the SEC or contained in Shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's use. The Distributor may prepare and distribute sales literature and other material material, as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulations.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements and prospectuses of the Trust filed with the SEC or contained in Shareholder shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's ’s use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulationsregulations and approved by the Funds’ adviser.

Authorized Representations. The Distributor is not authorized by the Trust Company to give any information or to make any representations other than those contained in the current registration statements and prospectuses Prospectus of the Trust Company filed with the SEC or contained in Shareholder shareholder reports or other material that may be prepared by or on behalf of the Trust Company for the Distributor's ’s use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been (i) prepared in accordance with applicable rules and regulationsregulations (ii) and approved, in advance and in writing, by the Company prior to distribution.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements and prospectuses of the Trust filed with the SEC or contained in Shareholder Unitholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulationsapproved by the Trust prior to their use.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements and or prospectuses of the Trust filed with the SEC or contained in Shareholder unitholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulationsapproved by the Trust prior to their use.

Authorized Representations. The Distributor is not authorized by the -------------------------- Trust to give any information or to make any representations other than those contained in the current appropriate registration statements or prospectuses filed with the Securities and Exchange Commission under the Act (as these registration statements and prospectuses of the Trust filed with the SEC may be amended from time to time), or contained in Shareholder unitholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have it has been prepared in accordance cleared with applicable rules and regulationsthe Trust.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current appropriate registration statements or prospectuses filed with the Securities and Exchange Commission under the Act (as these registration statements and prospectuses of the Trust filed with the SEC may be amended from time to time), or contained in Shareholder unitholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's use. The Distributor may prepare and distribute sales literature and other any material as it may deem appropriate, provided that such literature and materials have it has been prepared in accordance cleared with applicable rules and regulationsthe Trust.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements and prospectuses then currently effective prospectus, statement of the Trust filed with the SEC additional information, Registration Statement or contained in Shareholder shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's ’s use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulationsregulations and been approved and authorized prior to use by the Trust or the Adviser.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements statement or prospectus and prospectuses statement of the Trust filed with the SEC additional information, or contained in Shareholder shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's use. The Consistent with the foregoing, the Distributor may prepare and distribute sales literature and or other material as it may deem appropriateappropriate in consultation with the Trust, provided that such sales literature and materials have been prepared in accordance complies with applicable rules law and regulations.

Authorized Representations. The Distributor is not authorized -------------------------- by the Trust to give any information or to make any representations other than those contained in the current registration statements and prospectuses of the Trust filed with the SEC or contained in Shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulationsapproved by the Trust prior to their use.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements and prospectuses of the Trust filed with the SEC or contained in Shareholder shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's ’s use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulationsregulations and approved by the relevant Fund’s adviser.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements and prospectuses of the Trust filed with the SEC or contained in Shareholder shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulationsregulations and approved by the Fund's adviser prior to the use of such materials by the Distributor.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements and prospectuses of the Trust filed with the SEC or contained in Shareholder shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulationsregulations and approved by the Trust or Barclays.

Authorized Representations. The Distributor is not authorized --------------------------- by the Trust Company to give any information or to make any representations other than those contained in the current registration statements and prospectuses of the Trust Company filed with the SEC or contained in Shareholder reports or other material that may be prepared by or on behalf of the Trust Company for the Distributor's use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulationsapproved by the Company prior to their use.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements, prospectuses and statements and prospectuses of additional information of the Trust filed with the SEC or contained in Shareholder shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulations.

Authorized Representations. The Distributor is not authorized by the Trust Company to give any information or to make any representations other than those contained in the current registration statements and prospectuses of the Trust Company filed with the SEC or contained in Shareholder reports or other material that may be prepared by or on behalf of the Trust Company for the Distributor's use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulationsapproved by the Company prior to their use.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements statement and prospectuses prospectus of the Trust filed with the SEC or contained in Shareholder shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulations.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements and prospectuses of the Trust filed with the SEC or contained in Shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's use. : The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulationsapproved by the Trust prior to their use.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements and prospectuses of the Trust filed with the SEC or contained in Shareholder shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's ’s use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulationsregulations and approved by the Fund’s operator.

Authorized Representations. The Distributor is not authorized by the Trust to give any information on or to make any representations other than those contained in the current registration statements statement and prospectuses prospectus of the on Trust filed with the SEC or contained in Shareholder shareholder reports or other material that may be prepared by or on behalf of on the Trust for the Distributor's use. The Distributor may prepare and distribute sales literature and other material as on it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable on rules and regulations.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements and prospectuses Prospectus of the Trust filed with the SEC or contained in Shareholder shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's ’s use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been (i) prepared in accordance with applicable rules and regulationsregulations (ii) and approved, in advance and in writing, by the Trust prior to distribution.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements, prospectuses and statements and prospectuses of additional information of the Trust filed with the SEC or contained in Shareholder shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulations.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements and prospectuses then currently effective prospectus, statement of the Trust filed with the SEC additional information, Registration Statement or contained in Shareholder shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's ’s use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulations.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current appropriate registration statements or Prospectuses filed with the Securities and Exchange Commission under the 1933 Act (as these registration statements and prospectuses of the Trust filed with the SEC Prospectuses may be amended from time to time), or contained in Shareholder shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's use. The This shall not be construed to prevent the Distributor may prepare from preparing and distribute distributing sales literature and or other material as it may be deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulations.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements then currently effective Registration Statement (including the Prospectus and prospectuses Statement of the Trust filed with the SEC Additional Information) or contained in Shareholder shareholder reports or other material that may be Communications with the Public specifically prepared by the Trust or on behalf of approved by the Trust for the Distributor's ’s use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with all applicable rules and regulations.

Authorized Representations. The Distributor is not authorized by -------------------------- the Trust to give any information or to make any representations other than those contained in the current registration statements and prospectuses of the Trust filed with the SEC or contained in Shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulations.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements and prospectuses of the Trust filed with the SEC or contained in Shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's use. The Distributor may prepare and distribute sales literature and other material material, as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulationsapproved by the Trust prior to their use.

Authorized Representations. The Distributor is not authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements and prospectuses of the Trust filed with the SEC or contained in Shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulations.. 2

Authorized Representations. The Distributor is not --------------------------- authorized by the Trust to give any information or to make any representations other than those contained in the current registration statements and prospectuses of the Trust filed with the SEC or contained in Shareholder reports or other material that may be prepared by or on behalf of the Trust for the Distributor's use. The Distributor may prepare and distribute sales literature and other material as it may deem appropriate, provided that such literature and materials have been prepared in accordance with applicable rules and regulations.