Exhibit (e)(3)
FBR Investment Services, Inc.
Potomac Tower
0000 Xxxxxxxxxx Xxxxxx Xxxxx
Xxxxxxxxx, Xxxxxxxx 00000
Ladies and Gentlemen:
Reference is made to the Distribution Agreement between us dated as of
December 10, 1997 and amended and restated as of June 16, 1998 (the
"Agreement").
Pursuant to the Agreement, this letter is to provide notice of the creation
of an additional investment portfolio of The FBR Family of Funds, namely the FBR
Technology Fund (the "New Portfolio").
We request that you act as Distributor under the Agreement with respect to
the New Portfolio.
Please indicate your acceptance of the foregoing by executing two copies of
this Agreement, returning one to the Fund and retaining one copy for your
records.
Very truly yours,
The FBR Family of Funds
By:
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Accepted:
FBR Investment Services, Inc.
By:
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Date:
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