PLAN OF DISTRIBUTION
OF
EUROPACIFIC GROWTH FUND
WHEREAS, EuroPacific Growth Fund (the "Fund") and American Funds
Distributors, Inc. ("AFD") are parties to a Principal Underwriting Agreement;
and
WHEREAS, the purpose of this Plan of Distribution (the "Plan") is to
pay distribution expenses to AFD for the promotion of the sale of shares of the
Fund; and
WHEREAS, the Board of Trustees has determined that there is a
reasonable likelihood that adoption of this Plan will benefit the Fund and its
shareholders.
NOW, THEREFORE, the Fund adopts this Plan as follows:
1. The Fund may expend, pursuant to this Plan, in amounts not to
exceed the annual rate of .25 of 1% average net asset value of the Fund.
2. The Fund may expend pursuant to the Plan such amounts as are
authorized in advance by the Fund's Board of Trustees and by its President.
Amounts may be used to finance any activity which is primarily intended to
result in the sale of Fund shares including, but not limited to, advertising,
salaries and other expenses of AFD relating to selling or servicing efforts,
expenses of organizing and conducting sales seminars, printing of prospectuses
and reports for other than existing shareholders, preparation and distribution
of advertising material and sales literature, and payments to dealers.
3. This Plan shall not take effect until it has been approved by a
vote of at least a majority (as defined in the Investment Company Act of 1940
(the "1940 Act")) of the outstanding voting securities of the Fund.
4. This Plan shall not take effect until it has been approved,
together with any related agreements, by votes of the majority of both (a) the
Board of Trustees of the Fund and (b) those Trustees of the Fund who are not
"interested persons" of the Fund (as defined in the 1940 Act) and have no
direct or indirect financial interest in the operation of this Plan or any
agreements related to it (the "Qualified Trustees"), cast in person at a
meeting called for the purpose of voting on this Plan or such agreements.
5. At least quarterly, the Fund Board shall be provided by any
person authorized to direct the disposition of monies paid or payable by the
Fund pursuant to this Plan or any related agreement, and the Board shall
review, a written report of the amounts expended pursuant to the Plan and the
purposes for which such expenditures were made.
6. This Plan may be terminated at any time by vote of a majority of
the Qualified Trustees, or by vote of a majority of the Fund's outstanding
voting securities. Unless sooner terminated in accordance with this provision,
this Plan shall continue until March 31, 1990. It may thereafter be renewed
from year to year in the manner provided for in Section 4 hereof.
7. Any agreement related to this Plan shall be in writing, and shall
provide:
A. That such agreement may be terminated at any
time, without payment of any penalty, by vote of a majority of the Qualified
Trustees or by a vote of a majority of the Fund's outstanding voting
securities, on not more than sixty (60) days, written notice to any other party
to the agreement; and
B. That such agreement shall terminate
automatically in the event of its assignment.
8. This Plan may not be amended to increase materially the maximum
amount of distribution expenses provided for in Section 1 hereof unless such
amendment is approved in the manner provided in Section 3 hereof, and no
material amendment to the Plan shall be made unless approved in the manner
provided for in Section 4 hereof.
9. While this Plan is in effect, the selection and nomination of
Trustees who are not "interested persons" of the Fund (as defined in the 1940
Act) shall be committed to the discretion of the Trustees who are not
interested persons.
10. The Fund shall preserve copies of this Plan and any related
agreement and all reports made pursuant to paragraph 5 hereof, for a period of
not less than six (6) years from the date of this Plan, or the Agreement or
such reports, as the case may be, the first two (2) years in an easily
accessible place.
IN WITNESS WHEREOF, the parties hereto have caused this instrument to be
executed in duplicate original by their officers thereunto duly authorized, as
of April 1, 1989.
EUROPACIFIC GROWTH FUND
By /s/ XXXXX X. XXXXXXXX
Xxxxx X. Xxxxxxxx, President
By /s/ XXXXXX X. XXXXX
Xxxxxx X. Xxxxx,
Vice President and Secretary
