Common use of REMUNERATION OF TRUSTEES Clause in Contracts

REMUNERATION OF TRUSTEES. The officers of the Fund and one Trustee of the Fund (Xx. Xxxxxx) who are affiliated with the Manager receive no salary or fee from the Fund. The remaining Trustees of the Fund received the compensation shown below. The compensation from the Fund was paid during its fiscal year ended September 30, 2001. The compensation from all of the New York-based Xxxxxxxxxxx funds (including the Fund) was received as a director, trustee or member of a committee of the boards of those funds during the calendar year 2001. ------------------------------------ -------------------------- ------------------------- ---------------------------- Retirement Total Benefits Compensation Accrued as Part from all Trustee's Name Aggregate Compensation of Fund New York based Xxxxxxxxxxx and Other Positions from Fund1 Expenses 6 Funds (30 Funds)2 ------------------------------------ -------------------------- ------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- Xxxx Xxxx $3,365 None $173,700 Chairman ------------------------------------ -------------------------- ------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- Xxxxxx X. Galli3 $2,049 None $202,886 Study Committee Member ------------------------------------ -------------------------- ------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- Xxxxxxx X. Griffiths4 $1,127 None $ 54,889 Study Committee Chairman, Audit Committee Member ------------------------------------ -------------------------- ------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- Xxxxxxxxx X. Xxxxxxxx $2,049 None $105,760 Study Committee Member ------------------------------------ -------------------------- ------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- Xxxxxxx X. Xxxxxxx $1,879 None $ 97,012 Audit Committee Chairman ------------------------------------ -------------------------- ------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- Xxxxxx X. Xxxxx $1,859 None $ 95,960 Proxy Committee Chairman, Audit Committee Member ------------------------------------ -------------------------- ------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- Xxxxxxx X. Xxxxxxxx, Xx. $1,391 None $ 71,792 Proxy Committee Member ------------------------------------ -------------------------- ------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- Trustee's Name Total Retirement Benefits Compensation Accrued as Part from all Aggregate Compensation of Fund New York based Xxxxxxxxxxx and Other Positions from Fund1 Expenses 6 Funds (30 Funds)2 ------------------------------------ -------------------------- ------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- Xxxxxxxx Xxxxxxxx $2,909 None $150,152 ------------------------------------ -------------------------- ------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- Xxxxxx X. Xxxxx $1,241 None $ 64,080 ------------------------------------ -------------------------- ------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- Xxxxxxx X. Yeutter5 $1,391 None $ 71,792

REMUNERATION OF TRUSTEES. The officers of the Fund and one Trustee of the Fund (Xx. Xxxxxx) who are affiliated with the Manager receive no salary or fee from the Fund. The remaining Trustees of the Fund received the compensation shown below. The compensation from the Fund was paid during its fiscal year ended September 30July 31, 2001. The compensation from all of the New York-based Xxxxxxxxxxx funds (including the Fund) was received paid to the trustees for their service as a director, trustee or member of a committee of the boards of those funds during the calendar year 20012000. ------------------------------------ -------------------------- ------------------------- ------------------------------- ---------------------------- ----------------------------- --------------------------------- Trustee/ Director Name Aggregate Compensation Retirement Total Compensation And other Positions From Fund 1 Benefits Compensation Accrued as Part from all Trustee's Name Aggregate Compensation of Fund New York based of Fund Expenses* Xxxxxxxxxxx and Other Positions from Fund1 Expenses 6 Funds (30 29 Funds)2 ------------------------------------ -------------------------- ------------------------- ------------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ----------------------------- --------------------------------- ------------------------------- ---------------------------- ----------------------------- --------------------------------- Xxxx Xxxx $3,365 None 13,339 $173,700 0 $171,950 Chairman ------------------------------------ -------------------------- ------------------------- ------------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ----------------------------- --------------------------------- ------------------------------- ---------------------------- ----------------------------- --------------------------------- Xxxxxx X. Galli3 $2,049 None 5,513 $202,886 0 $191,134 Study Committee Member ------------------------------------ -------------------------- ------------------------- ------------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ----------------------------- --------------------------------- ------------------------------- ---------------------------- ----------------------------- --------------------------------- Xxxxxxx X. Griffiths4 $1,127 None $ 54,889 5,513 $0 $59,529 ------------------------------- ---------------------------- ----------------------------- --------------------------------- ------------------------------- ---------------------------- ----------------------------- --------------------------------- Xxxxxxxx Xxxxxxxx Study Committee Chairman, $11,530 $0 $148,639 Audit Committee Member ------------------------------------ -------------------------- ------------------------- ------------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ----------------------------- --------------------------------- ------------------------------- ---------------------------- ----------------------------- --------------------------------- Xxxxxxxxx X. Xxxxxxxx $2,049 None $105,760 Study Committee $8,124 $0 $104,695 Member ------------------------------------ -------------------------- ------------------------- ------------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ----------------------------- --------------------------------- ------------------------------- ---------------------------- ----------------------------- --------------------------------- Xxxxxxx X. Xxxxxxx $1,879 None $ 97,012 7,452 $0 $96,034 Audit Committee Chairman ------------------------------------ -------------------------- ------------------------- Member ------------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ----------------------------- --------------------------------- ------------------------------- ---------------------------- ----------------------------- --------------------------------- Xxxxxx X. Xxxxx $1,859 None $ 95,960 Proxy Committee Chairman, $4,925 $0 $94,995 Audit Committee Member ------------------------------------ -------------------------- ------------------------- ------------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ----------------------------- --------------------------------- ------------------------------- ---------------------------- ----------------------------- --------------------------------- Xxxxxxx X. Xxxxxxxx, Xx. $1,391 None $ 71,792 Proxy Committee $7,368 $0 $71,069 Member ------------------------------------ -------------------------- ------------------------- ------------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ----------------------------- --------------------------------- ------------------------------- ---------------------------- Trustee's Name Total Retirement Benefits Compensation Accrued as Part from all Aggregate Compensation of Fund New York based Xxxxxxxxxxx and Other Positions from Fund1 Expenses 6 Funds (30 Funds)2 ------------------------------------ -------------------------- ------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- Xxxxxxxx Xxxxxxxx $2,909 None $150,152 ------------------------------------ -------------------------- ------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- ----------------------------- --------------------------------- Xxxxxx X. Xxxxx $1,241 None $ 64,080 ------------------------------------ -------------------------- ------------------------- 8,124 $0 $63,435 ------------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ----------------------------- --------------------------------- ------------------------------- ---------------------------- ----------------------------- --------------------------------- Xxxxxxx X. Yeutter5 Xxxxxxx $1,391 None $ 71,7924,467 $0 $71,069 Proxy Committee Member5 ------------------------------- ---------------------------- ----------------------------- ---------------------------------

REMUNERATION OF TRUSTEES. The officers of the Fund and one Trustee two Trustees of the Fund (Xx. XxxxxxXxxxxx and Xx. Xxxxx) who are affiliated with the Manager receive no salary or fee from the Fund. The remaining Trustees of the Fund received the compensation shown below. The compensation from the Fund was paid during its fiscal year ended September 30July 31, 2001. The compensation from all of the New York-based Xxxxxxxxxxx funds (including the Fund) was received as a director, trustee or member of a committee of the boards of those funds during the calendar year 20012000. ------------------------------------ -------------------------- ------------------------- ---------------------------- Total Retirement Total Compensation Benefits from all Aggregate Compensation Accrued as Part from all Trustee's Name Aggregate Compensation of Fund New York based York-Based Xxxxxxxxxxx and Other Positions from Fund1 Expenses 6 as Fund Funds (30 Funds)2 29 Funds) 2 Name and Position Expenses* ------------------------------------ -------------------------- ------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- Xxxx Xxxx $3,365 None 6,941 $173,700 0 $171,950 Chairman ------------------------------------ -------------------------- ------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- Xxxxxx X. Galli3 Xxxxx $ 2,869 $2,049 None 0 $202,886 191,134 Study Committee Member Member3 ------------------------------------ -------------------------- ------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- Xxxxxxx X. Griffiths4 $1,127 None 2,869 $0 $ 54,889 59,529 ------------------------------------ -------------------------- ------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- Xxxxxxxx Xxxxxxxx $6,000 $0 $148,639 Study Committee Chairman, Audit Committee Member ------------------------------------ -------------------------- ------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- Xxxxxxxxx X. Xxxxxxxx $2,049 None 4,227 $105,760 0 $104,695 Study Committee Member ------------------------------------ -------------------------- ------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- Xxxxxxx X. Xxxxxxx $1,879 None $ 97,012 3,878 $0 $96,034 Audit Committee Chairman Member ------------------------------------ -------------------------- ------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- Xxxxxx X. Xxxxx $1,859 None $ 95,960 2,563 $0 $94,995 Proxy Committee Chairman, Audit Committee Member ------------------------------------ -------------------------- ------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- Xxxxxxx X. Xxxxxxxx, Xx. $1,391 None $ 71,792 3,834 $0 $71,069 Proxy Committee Member ------------------------------------ -------------------------- ------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- Trustee's Name Total Retirement Benefits Compensation Accrued as Part from all Aggregate Compensation of Fund New York based Xxxxxxxxxxx and Other Positions from Fund1 Expenses 6 Funds (30 Funds)2 ------------------------------------ -------------------------- ------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- Xxxxxxxx Xxxxxxxx $2,909 None $150,152 ------------------------------------ -------------------------- ------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- Xxxxxx X. Xxxxx $1,241 None $ 64,080 4,227 $0 $63,435 ------------------------------------ -------------------------- ------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- Xxxxxxx X. Yeutter5 $1,391 None $ 71,7922,324 $0 $71,069 Proxy Committee Member ------------------------------------ -------------------------- ------------------------- ---------------------------- ------------------- 1 Aggregate compensation includes fees, deferred compensation, if any, and retirement plan benefits accrued for a Trustee. 2 For the 2000 calendar year. 3 Total compensation for the 2000 calendar year includes compensation received for serving as a Trustee or Director of 11 other Xxxxxxxxxxx funds. 4 Includes $2,869 deferred under Deferred Compensation Plan described below. 5 Includes $581 deferred under Deferred Compensation Plan described below. * Trustee retirement accruals were ($49,591) for the period. The Aggregate compensation from the Fund does not reflect this negative accrual.

REMUNERATION OF TRUSTEES. The officers of the Fund and one Trustee of the Fund (Xx. Xxxxxx) who Xxxxx are affiliated with the Manager and receive no salary or fee from the Fund. Xx. Xxxxxxxxx, who was affiliated with the Manager until June 2001 also received no salary or fee from the Fund during its fiscal year ended September 30, 2001. The remaining Trustees of the Fund received the compensation shown below. The compensation from the Fund was paid during its fiscal year ended September 30, 2001. The compensation from all of the New YorkDenver-based Xxxxxxxxxxx funds (including includes the Fund) was Fund and is compensation received as a director, trustee trustee, managing general partner, or member of a committee of the boards of those funds Board during the calendar year 2001. 2001.----------------------------------------------- --------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- Retirement Total Benefits Compensation Accrued as Part from all Denver-Based Aggregate Compensation Xxxxxxxxxxx Funds Trustee's Name Aggregate Compensation of and Position* from Fund New York based Xxxxxxxxxxx and Other Positions from Fund1 Expenses 6 Funds (30 Funds)2 39 Funds)1 ----------------------------------------------- --------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- ----------------------------------------------- --------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- Xxxx Xxxx $3,365 None $173,700 Chairman Xxxxxxx X. Armstrong2 Review Committee Member ----------------------------------------------- --------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- ----------------------------------------------- --------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- Xxxxxx X. Galli3 $2,049 None $202,886 Study Xxxx Review Committee Member ----------------------------------------------- --------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- ----------------------------------------------- --------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- Xxxxxx Bowen3 ----------------------------------------------- --------------------------- ------------------------------------ ----------------------------------------------- --------------------------- ------------------------------------ Xxxxxx Xxxxxxx X. Griffiths4 $1,127 None $ 54,889 Study Committee Chairman, Audit Committee Member ----------------------------------------------- --------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- ----------------------------------------------- --------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- Xxxxxxxxx X. Xxx. S. Fossel4 Chairman, Review Committee ----------------------------------------------- --------------------------- ------------------------------------ ----------------------------------------------- --------------------------- ------------------------------------ Xxx Xxxxxxxx $2,049 None $105,760 Study Review Committee Member ----------------------------------------------- --------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- ----------------------------------------------- --------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- Xxxxxxx X. Xxxxxxx $1,879 None $ 97,012 Audit Committee Chairman Kalinowski5 ----------------------------------------------- --------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- ----------------------------------------------- --------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- C. Xxxxxx X. Xxxxx $1,859 None $ 95,960 Proxy Committee Chairman, Xxxx Audit Committee Member and Review Committee Member ----------------------------------------------- --------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- ----------------------------------------------- --------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- Xxxxxx X. Xxxxxxxx Audit Committee Member ----------------------------------------------- --------------------------- ------------------------------------ ----------------------------------------------- --------------------------- ------------------------------------ F. Xxxxxxx Xxxxxxxx Audit Committee Member ----------------------------------------------- --------------------------- ------------------------------------ * Effective July 1, 2000, Xxxxxxx X. XxxxxxxxXxxxx and Xxx X. Steel resigned as Trustees of the Fund and subsequently became Trustees Emeritus of the Fund. For the fiscal year ended September 30, 2001, Messrs. Xxxxx and Steel each received $_____ aggregate compensation from the Fund and for the calendar year ended December 31, 2001, they each received $_________ total compensation from all Denver-based Xxxxxxxxxxx funds. Effective April 5, 2001 Xxxxxxx Xxxxxxxxxx resigned as Trustee of the Fund. For the fiscal year ended September 30, 2001, Xx. Xxxxxxxxxx received $1,391 None $ 71,792 Proxy Committee Member ------------------------------------ -------------------------- ------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- Trustee's Name Total Retirement Benefits Compensation Accrued as Part __________ aggregate compensation from the Fund and for the calendar year ended December 31, 2001, he received $____________total compensation from all Aggregate Compensation of Fund New York Denver based Xxxxxxxxxxx and Other Positions from Fund1 Expenses 6 Funds (30 Funds)2 ------------------------------------ -------------------------- ------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- Xxxxxxxx Xxxxxxxx $2,909 None $150,152 ------------------------------------ -------------------------- ------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- Xxxxxx X. Xxxxx $1,241 None $ 64,080 ------------------------------------ -------------------------- ------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- Xxxxxxx X. Yeutter5 $1,391 None $ 71,792funds. 1. For the Fund's fiscal year ended September 30, 2001. 2. For the 2001 calendar year.

REMUNERATION OF TRUSTEES. The officers of the Fund and one Trustee two Trustees of the Fund (Xx. XxxxxxXxxxxx and Xx. Xxxxx) who are affiliated with the Manager receive no salary or fee from the Fund. The remaining Trustees of the Fund received the compensation shown below. The compensation from the Fund was paid during its fiscal year ended September 30July 31, 2001. The compensation from all of the New York-based Xxxxxxxxxxx funds (including the Fund) was received as a director, trustee or member of a committee of the boards of those funds during the calendar year 20012000. ------------------------------------ -------------------------- --------------------------------------- ------------------------- ----------------------- ---------------------------- Total Retirement Total Compensation Benefits from all Aggregate Compensation Accrued New York-Based Xxxxxxxxxxx From Fund1 as Part from all Trustee's Name Aggregate Compensation of Fund New York based Xxxxxxxxxxx and Other Positions from Fund1 Expenses 6 Funds (30 Funds)2 ------------------------------------ -------------------------- 29 Funds) 2 Name and Position Expenses* --------------------------------------- ------------------------- ----------------------- ---------------------------- ------------------------------------ -------------------------- --------------------------------------- ------------------------- ----------------------- ---------------------------- Xxxx Xxxx $3,365 None 6,941 $173,700 0 $171,950 Chairman ------------------------------------ -------------------------- --------------------------------------- ------------------------- ----------------------- ---------------------------- ------------------------------------ -------------------------- --------------------------------------- ------------------------- ----------------------- ---------------------------- Xxxxxx X. Galli3 Xxxxx $ 2,869 $2,049 None 0 $202,886 191,134 Study Committee Member ------------------------------------ -------------------------- Member3 --------------------------------------- ------------------------- ----------------------- ---------------------------- ------------------------------------ -------------------------- --------------------------------------- ------------------------- ----------------------- ---------------------------- Xxxxxxx X. Griffiths4 $1,127 None 2,869 $0 $ 54,889 59,529 --------------------------------------- ------------------------- ----------------------- ---------------------------- --------------------------------------- ------------------------- ----------------------- ---------------------------- Xxxxxxxx Xxxxxxxx $6,000 $0 $148,639 Study Committee Chairman, Audit Committee Member ------------------------------------ -------------------------- --------------------------------------- ------------------------- ----------------------- ---------------------------- ------------------------------------ -------------------------- --------------------------------------- ------------------------- ----------------------- ---------------------------- Xxxxxxxxx X. Xxxxxxxx $2,049 None 4,227 $105,760 0 $104,695 Study Committee Member ------------------------------------ -------------------------- --------------------------------------- ------------------------- ----------------------- ---------------------------- ------------------------------------ -------------------------- --------------------------------------- ------------------------- ----------------------- ---------------------------- Xxxxxxx X. Xxxxxxx $1,879 None $ 97,012 3,878 $0 $96,034 Audit Committee Chairman ------------------------------------ -------------------------- Member --------------------------------------- ------------------------- ----------------------- ---------------------------- ------------------------------------ -------------------------- --------------------------------------- ------------------------- ----------------------- ---------------------------- Xxxxxx X. Xxxxx $1,859 None $ 95,960 2,563 $0 $94,995 Proxy Committee Chairman, Audit Committee Member ------------------------------------ -------------------------- --------------------------------------- ------------------------- ----------------------- ---------------------------- ------------------------------------ -------------------------- --------------------------------------- ------------------------- ----------------------- ---------------------------- Xxxxxxx X. Xxxxxxxx, Xx. $1,391 None $ 71,792 3,834 $0 $71,069 Proxy Committee Member ------------------------------------ -------------------------- --------------------------------------- ------------------------- ----------------------- ---------------------------- ------------------------------------ -------------------------- --------------------------------------- ------------------------- ---------------------------- Trustee's Name Total Retirement Benefits Compensation Accrued as Part from all Aggregate Compensation of Fund New York based Xxxxxxxxxxx and Other Positions from Fund1 Expenses 6 Funds (30 Funds)2 ------------------------------------ -------------------------- ------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ---------------------------- Xxxxxxxx Xxxxxxxx $2,909 None $150,152 ------------------------------------ -------------------------- ------------------------- ---------------------------- ------------------------------------ -------------------------- ------------------------- ----------------------- ---------------------------- Xxxxxx X. Xxxxx $1,241 None $ 64,080 ------------------------------------ -------------------------- 4,227 $0 $63,435 --------------------------------------- ------------------------- ----------------------- ---------------------------- ------------------------------------ -------------------------- --------------------------------------- ------------------------- ----------------------- ---------------------------- Xxxxxxx X. Yeutter5 $1,391 None $ 71,7922,324 $0 $71,069 Proxy Committee Member --------------------------------------- ------------------------- ----------------------- ---------------------------- ------------------- 1 Aggregate compensation includes fees, deferred compensation, if any, and retirement plan benefits accrued for a Trustee. 2 For the 2000 calendar year. 3 Total compensation for the 2000 calendar year includes compensation received for serving as a Trustee or Director of 11 other Xxxxxxxxxxx funds. 4 Includes $2,869 deferred under Deferred Compensation Plan described below. 5 Includes $581 deferred under Deferred Compensation Plan described below. * Trustee retirement accruals were ($49,591) for the period. The aggregate compensation from the Fund does not reflect this negative accrual.