Exhibit a(iv)
USAA INVESTMENT TRUST
AMENDMENT NO. 3
TO
FIRST AMENDED AND RESTATED MASTER TRUST AGREEMENT
AMENDMENT NO. 3 to the First Amended and Restated Master Trust Agreement of USAA
Investment Trust (the "Trust") dated June 2, 1995 (the "Agreement"), made as of
the 22nd day of September, 2004.
W I T N E S S E T H:
WHEREAS, Section 7.3 of the Agreement provides that the Agreement may be amended
at any time, so long as such amendment does not adversely affect the rights of
any shareholder and so long as such amendment is not in contravention of
applicable law, including the Investment Company Act of 1940, by an instrument
in writing signed by a majority of the then Trustees or by an officer of the
Trust pursuant to a vote of a majority of the Trustees; and
WHEREAS, A majority of the Trustees desire to amend Section 4.2 of the Agreement
to delete two series of shares designated as the "Growth Strategy Fund" and the
"Income Strategy Fund" and to add a new series of shares designated as the
"Total Return Strategy Fund."
NOW, THEREFORE, the Agreement is hereby amended as follows:
1. AMENDMENT TO SECTION 4.2. Section 4.2 of the Agreement is hereby deleted in
its entirety and the following is substituted therefor:
"Section 4.2 ESTABLISHMENT AND DESIGNATION OF SUB-TRUSTS. Without limiting
the authority of the Trustees set forth in Section 4.1 to establish and
designate any further Sub-Trusts, the Trustees hereby establish and designate
ten Sub-Trusts; the "Precious Metals and Minerals Fund," the "Cornerstone
Strategy Fund," the "International Fund," the "Growth and Tax Strategy Fund,"
the "Treasury Money Market Trust," the "GNMA Trust," the "World Growth Fund,"
the "Emerging Markets Fund," the "Balanced Strategy Fund," and the "Total Return
Strategy Fund." The Precious Metals and Minerals Fund, Cornerstone Strategy
Fund, International Fund, Growth and Tax Strategy Fund, Treasury Money Market
Trust, GNMA Trust, World Growth Fund, Emerging Markets Fund, Balanced Strategy
Fund, and Total Return Strategy Fund and any Shares of any further Sub-Trusts
that may from time to time be established and designated by the Trustees shall
(unless the Trustees otherwise determine with respect to some further Sub-Trust
at the time of establishing and designating the same) have the following
relative rights and preferences:"
2. EFFECTIVE DATE. This Amendment and the changes to the Agreement effected
hereby shall be effective January 7, 2005.
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IN WITNESS WHEREOF, the undersigned, constituting a majority of the Trustees of
the Trust, have hereunto set their hands as of the day and year first above
written.
/s/ Xxxxxx X. Xxxxx
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Xxxxxx X. Xxxxx
/s/ Xxxxxxxxxxx X. Xxxxx
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Xxxxxx X. Xxxxx
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Xxxxxxx X. Xxxxxxxx
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Xxxxxxx X. Xxxxxxx
/s/ Xxxxx X. Starts
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Xxxxx X. Xxxxxx
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Xxxxxxx X. Xxxxxx
2
STATE OF TEXAS ss.
ss.
COUNTY OF BEXAR ss.
On this 22nd day of September, 2004, personally before me appeared the
above-named Xxxxxx X. Xxxxx, Xxxxxxxxxxx X. Xxxxx, Xxxxxx X. Xxxxx, Xxxxxxx X.
Xxxxxxxx, Xxxxxxx X. Xxxxxxx, Xxxxx X. Xxxxxx, and Xxxxxxx X. Xxxxxx each of
whom acknowledged the foregoing instrument to be his or her free act and deed.
IN WITNESS WHEREOF, I have hereunto set my hand and official seal.
/s/ Xxxxxx X. Xxxxx
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NOTARY PUBLIC
My Commission Expires:
8-21-05
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(Notarial Seal)
contract\it\master-t.rst\amendment3.doc
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