Common use of Futures and Options Clause in Contracts

Futures and Options. Provided the investment objectives of the Fund are adhered to, the Sub-Adviser's investment authority shall include the authority to purchase, sell, cover open positions, and generally to deal in financial futures contracts and options thereon. The Adviser will (i) open and maintain brokerage accounts for financial futures and options (such accounts hereinafter referred to as "brokerage accounts") on behalf of and in the name of the Fund and (ii) execute for and on behalf of the Fund, standard customer agreements with a broker or brokers. The Sub-Adviser may, using such of the securities and other property in the Fund as the Sub-Adviser deems necessary or desirable, direct the Adviser to deposit on behalf of the Fund, original and maintenance brokerage deposits and otherwise direct payments of cash, cash equivalents and securities and other property into such brokerage accounts and to such brokers as the Sub-Adviser deems desirable or appropriate. Upon the solicitation of the Adviser, the Sub-Adviser delivered to the Adviser a copy of its Disclosure Document, as amended, dated June 15, 2000, on file with the Commodity Futures Trading Commission. The Adviser hereby acknowledges receipt of such copy.

Futures and Options. Provided the investment objectives of the Fund are adhered to, the Sub-Adviser's investment authority shall include the authority to purchase, sell, cover open positions, and generally to deal in financial futures contracts and options thereon. The Adviser will (i) open and maintain brokerage accounts for financial futures and options (such accounts hereinafter referred to as "brokerage accounts") on behalf of and in the name of the Fund and (ii) execute for and on behalf of the Fund, standard customer agreements with a broker or brokers. The Sub-Adviser may, using such of the securities and other property in the Fund as the Sub-Adviser deems necessary or desirable, direct the Adviser to deposit on behalf of the Fund, original and maintenance brokerage deposits and otherwise direct payments of cash, cash equivalents and securities and other property into such brokerage accounts and to such brokers as the Sub-Adviser deems desirable or appropriate. Upon the solicitation of the Adviser, the Sub-Adviser delivered to the Adviser a copy of its Disclosure Document, as amended, dated June 15July 3, 20001997, on file with the Commodity Futures Trading Commission. The Adviser hereby acknowledges receipt of such copy.

Futures and Options. Provided the investment objectives of the Fund are adhered to, the Sub-Adviser's ’s investment authority shall include the authority to purchase, sell, cover open positions, and generally to deal in financial futures contracts and options thereon. The Adviser will (i) open and maintain brokerage accounts for financial futures and options (such accounts hereinafter referred to as "“brokerage accounts"”) on behalf of and in the name of the Fund and (ii) execute for and on behalf of the Fund, standard customer agreements with a broker or brokers. The Sub-Adviser may, using such of the securities and other property in the Fund as the Sub-Adviser deems necessary or desirable, direct the Adviser to deposit on behalf of the Fund, original and maintenance brokerage deposits and otherwise direct payments of cash, cash equivalents and securities and other property into such brokerage accounts and to such brokers as the Sub-Adviser deems desirable or appropriate. Upon the solicitation of the Adviser, the Sub-Adviser delivered to the Adviser a copy of its Disclosure Document, as amended, dated June 15, 2000, on file with the Commodity Futures Trading Commission. The Adviser hereby acknowledges receipt of such copy.

Futures and Options. Provided the investment objectives of the Fund are adhered to, the The Sub-Adviser's investment authority shall include the authority to purchase, sell, cover open positions, and generally to deal in financial futures contracts and options thereon, in accordance with the Prospectus. The Investment Adviser will authorizes and empowers the Sub-Adviser to direct the Fund to: (i) open and maintain brokerage accounts for financial futures and options (such accounts hereinafter referred to as "brokerage accounts") on behalf of and in the name of the Fund Portfolio and (ii) execute for and on behalf of the FundPortfolio, standard customer agreements with a broker or brokers. The Sub-Adviser may, using such of the securities and other property in the Fund Portfolio as the Sub-Adviser deems necessary or desirable, direct the Adviser custodian to deposit on behalf of the FundPortfolio, original and maintenance brokerage deposits and otherwise direct payments of cash, cash equivalents and securities and other property into such brokerage accounts and to such brokers as the Sub-Adviser deems desirable or appropriate. Upon the solicitation of the Adviser, the The Sub-Adviser has delivered to the Investment Adviser a copy of its Disclosure Document, as amended, dated June 15November 30, 20002001, on file with the Commodity Futures Trading Commission. The Investment Adviser hereby acknowledges receipt of such copy.