Executed in 7 Parts
Counterpart No. ( )
GOVERNMENT SECURITIES EQUITY TRUST
SERIES 12
REFERENCE TRUST AGREEMENT
This Reference Trust Agreement dated July 18, 2000 among
Prudential Securities Incorporated, as Depositor, The Bank of New York, as
Trustee, and Xxxxx S&P Evaluation Services, a division of X.X. Xxxxx Co., Inc.,
as Evaluator, sets forth certain provisions in full and incorporates other
provisions by reference to the document entitled "Government Securities Equity
Trust, Trust Indenture and Agreement" (the "Basic Agreement") dated July 18,
2000. Such provisions as are incorporated by reference constitute a single
instrument (the "Indenture").
WITNESSETH THAT:
In consideration of the premises and of the mutual agreements
herein contained, the Depositor, the Trustee, and the Evaluator agree as
follows:
Part I
STANDARD TERMS AND CONDITIONS OF TRUST
Subject to the provisions of Part II hereof, all the
provisions contained in the Basic Agreement are herein incorporated by reference
in their entirety and shall be deemed to be a part of this instrument as fully
and to the same extent as though said provisions had been set forth in full in
this instrument except that the Basic Agreement is hereby amended in the
following manner:
Part II
SPECIAL TERMS AND CONDITIONS OF TRUST
The following special terms and conditions are hereby agreed
to:
(a) The Trust is denominated Government Securities Equity
Trust Series 12.
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(b) The term "Fund" shall mean shares ("Fund Shares") of the
Prudential U.S. Emerging Growth Fund, Inc.
(c) The contracts for the purchase of Treasury Obligations and
Fund Shares listed in Schedule A hereto are those which, subject to the terms of
this Indenture, have been or are to be deposited in trust under this Indenture
as of the date hereof.
(d) The term "Depositor" shall mean Prudential Securities
Incorporated.
(e) The aggregate number of Units referred to in Sections 2.03
and 9.01 of the Basic Agreement is 20,000 as of the date hereof.
(f) A Unit of the Trust shall be uncertificated and is hereby
declared initially equal to 1/20,000th of the Trust.
(g) The term "First Settlement Date" shall mean July 24,
2000.
(h) The terms "Quarterly Computation Date" and "Quarterly
Record Date" shall mean November 1, February 1, May 1 and August 1.
(i) The term "Quarterly Distribution Date" shall mean November
15, February 15, May 15 and August 15.
(j) The term "Termination Date" shall mean November 15, 2014.
(k) The Trustee's Annual Fee shall be $1.125 (per 100 Units)
for 49,999,999 and below units outstanding $1.050 (per 100 Units) on the next
50,000,000 Units, $.975 (per 100 Units) on the next 100,000,000 Units, and $.825
(per 100 Units) on Units in excess of 200,000,000 Units. In calculating the
Trustee's annual fee, the fee applicable to the number of units outstanding
shall apply to all units outstanding.
(l) The Units of the Trust shall be subject to a Deferred
Sales Charge.
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[Signatures and acknowledgments on separate pages]
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The Schedule of Portfolio Securities in Part A of the prospectus included in
this Registration Statement for Government Securities Equity Trust Series 12 is
hereby incorporated by reference herein as Schedule A hereto.
