Exhibit 6(ii) under form N-1A
Exhibit 1(i) under Item 601 /Reg.S-K
EXHIBIT I
to the
Distribution Agreement
THE BILTMORE FUNDS
CLASS A SHARES*
CLASS Y SHARES
Biltmore Balanced Fund
Biltmore Emerging Markets Fund
Biltmore Equity Fund
Biltmore Equity Index Fund
Biltmore Fixed Income Fund
Biltmore Quantitative Equity Fund
Biltmore Short-Term Fixed Income Fund
Biltmore Special Values Fund
In consideration of the mutual covenants set forth in the Distribution
Agreement (the "Agreement") dated March 9, 1992 between The Biltmore Funds
and Federated Securities Corp. ("FSC"), The Biltmore Funds executes and
delivers this Exhibit on behalf of the Portfolios first set forth in this
Exhibit.
FSC shall retain the initial sales charge, if any, on purchases of
shares of the above Portfolios as set forth in The Biltmore Funds'
Registration Statement. FSC is authorized to collect the gross proceeds
derived from the sale of such shares, remit the net asset value thereof to
the applicable Portfolio upon receipt of the proceeds and retain the
initial sales charge, if any.
FSC may reallow any or all of the initial sales charges which it is
paid under the Agreement to such brokers and other financial institutions
as FSC may from time to time determine.
Witness the due execution hereof this 6th day of June, 1996.
Attest: The Biltmore Funds
/s/ Xxxxx X. Xxxxxxx By:/s/ Xxxxxxx X. Xxxxx Xx.
Secretary Vice President
Attest: Federated Securities Corp.
/s/ Xxxxx X. Xxxxxx By:/s/ X X Xxxxxxxx
Secretary Executive Vice President
* THIS EXHIBIT SUPERSEDES EXHIBITS E, F, G AND H WITH RESPECT TO THE CLASS
A SHARES.
