THE GLENMEDE FUND, INC. One South Street Baltimore, Maryland 21202 Armata Financial Corp. One South Street Baltimore, Maryland 21202 Gentlemen: This letter confirms our agreement that The Glenmede Fund, Inc.'s Global Equity Portfolio is covered by the...

                             THE GLENMEDE FUND, INC.
                                Xxx Xxxxx Xxxxxx
                            Xxxxxxxxx, Xxxxxxxx 00000



                                                          _______________, 1997


Armata Financial Corp.
Xxx Xxxxx Xxxxxx
Xxxxxxxxx, Xxxxxxxx 00000


Gentlemen:

                  This letter confirms our agreement that The Glenmede Fund,
Inc.'s Global Equity Portfolio is covered by the Distribution Agreement dated
July 1, 1995 by and between The Glenmede Fund, Inc. and Armata Financial Corp.

                  If the foregoing is in accordance with your understanding, 
kindly indicate by signing below whereupon The Glenmede Fund, Inc. and Armata 
Financial Corp. shall be legally bound hereby.


                                                     Very truly yours,


                                                     The Glenmede Fund, Inc.

                                                     by: ____________________
                                                         its


Accepted and Agreed to 
 on __________, 1997:



Armata Financial Corp.

by: ____________________
    its