Exhibit (e)(1)
DISTRIBUTION AGREEMENT
AMENDED AND RESTATED SCHEDULE A
FUND EFFECTIVE DATE
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Choice Focus Fund November 1, 2002
Choice Balanced Fund November 1, 2002
Choice Long-Short Fund November 1, 2002
Choice Market Neutral Fund January 31, 2003
DISTRIBUTION AGREEMENT
AMENDED AND RESTATED SCHEDULE B
ASSET BASED FEES
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NAME OF FUND AVERAGE NET ASSETS BASIS POINTS MINIMUM ANNUAL FEE
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Focus Fund Up to $250 Million 2.0 basis points $12,500*
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Over $250 Million 1.0 basis points
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Balanced Fund Up to $250 Million 2.0 basis points $12,500*
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Over $250 Million 1.0 basis points
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Long-Short Fund Up to $250 Million 2.0 basis points $12,500*
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Over $250 Million 1.0 basis points
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Market Neutral Fund Up to $250 Million 2.0 basis points $12,500*
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Over $250 Million 1.0 basis points
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*The annual fee shall not exceed $100,000 per fund family.
DISTRIBUTION EXPENSES
Expenses of marketing, promoting and distributing the Funds are in
addition to the fees set forth above, including, but not limited to,
prospectus development and printing; advertising; direct mail; public
relations activities; trade show attendance; call management and
fulfillment and fees paid to broker/dealers.
OUT-OF-POCKET EXPENSES
In addition to the compensation payable to the Distributor, the Funds
agree to reimburse, upon request (or pay directly at the Distributor's
discretion), the Distributor's out-of-pocket expenses.
