EXHIBIT 5(v)(b)
November 1, 1996
Mentor Investment Advisors, LLC
000 Xxxx Xxxx Xxxxxx
Xxxxxxxx, Xxxxxxxx 00000
Ladies and Gentlemen:
Effective today, we hereby transfer to you all of our rights and
obligations under the Investment Advisory and Management Agreement dated May 30,
1995, in respect of the Mentor Growth Portfolio of the Mentor Funds and you
hereby accept and assume any and all of such rights and obligations. If this
letter is consistent with your understanding of the agreement between us, please
acknowledge your acceptance by signing in the space indicated below.
Very truly yours,
Charter Asset Management, Inc.
By:______________________________
Name:
Title:
Acknowledged and accepted:
Mentor Investment Advisors, LLC
By:_________________________
Name:
Title:
