Common use of Telephone Transactions Clause in Contracts

Telephone Transactions. In accordance with the terms of the Prospectus, ICCC shall act upon shareholder requests made by telephone for redemption or exchange of shares; provided that (i) the shareholder has authorized telephone transactions on the Fund's Account Application or otherwise in writing, (ii) if the request is a redemption, the amount to be redeemed does not exceed $50,000 and (iii) ICCC has complied with the identification and other security procedures required by the Fund in connection with telephone transactions.

Telephone Transactions. In accordance with the terms of the ---------------------- Prospectus, ICCC shall act upon shareholder requests made by telephone for redemption or exchange of Fund shares; provided that (i) the shareholder has authorized telephone transactions on the FundTrust's Account Application or otherwise in writing, (ii) if the request is a redemption, the amount to be redeemed does not exceed $50,000 and (iii) ICCC has complied with the identification and other security procedures required by the Fund Trust in connection with telephone transactions.

Telephone Transactions. In accordance with the terms of the Prospectus, ICCC shall act upon shareholder requests made by telephone for redemption or exchange of shares; provided that that (i) the shareholder has authorized telephone transactions on the Fund's Account Application or otherwise in writing, (ii) if the request is a redemption, the amount to be redeemed does not exceed $50,000 and (iii) ICCC has complied with the identification and other security procedures required by the Fund in connection with telephone transactions.