1
EXHIBIT A2
----------
INTERNATIONAL CURRENCY FUND
AMENDMENT NO. 1 TO
THE MASTER TRUST AGREEMENT
AMENDMENT NO. 1 to the Amended and Restated Master Trust Agreement of
International Currency Fund (the "Trust") dated October 16, 1996, as amended
(the "Agreement").
W I T N E S S E T H
WHEREAS, Section 9.3 of the Agreement provides that the Agreement may
be amended at any time, so long as such amendment does not adversely affect the
rights of any shareholder, by an instrument in writing executed by an officer of
the Trust pursuant to the vote of a majority of the Trustees of the Trust and
setting forth such amendment, and shall be effective as of the time set forth in
the instrument;
WHEREAS, the amendment set forth below does not adversely affect the
rights of any shareholder of the Trust;
WHEREAS, a majority of the Trustees of the Trust at a meeting held on
August 20, 1998 approved the conversion of the "Deutschemark Portfolio"
Sub-Trust of the Trust to the "Euro Portfolio" Sub-Trust subject to the receipt
of any necessary regulatory relief from the Securities and Exchange Commission,
such conversion to take place in conjunction with the adoption of the Euro as
the official currency of the eleven European Union countries currently
participating in such adoption (the "Euro Adoption");
WHEREAS, by a letter dated December 2, 1998 the staff of the Securities
and Exchange Commission has granted the necessary regulatory relief.
2
WHEREAS, the Euro Adoption became effective on January 1, 1999;
NOW, THEREFORE, the undersigned, being a duly elected and qualified
officer of the trust, certifies that, effective January 1, 1999, the Agreement
is amended to replace the portion of Section 4.2 immediately preceding Section
4.2(a) with the following:
" Section 4.2 ESTABLISHMENT AND DESIGNATION OF SUB-TRUSTS AND
CLASSES. Without limiting the authority of the Trustees set forth in
Section 4.1 to establish and designate any further Sub-Trusts, the
Trustees hereby establish and designate four Sub-Trusts: "U.S. Dollar
Portfolio," "Pound Sterling Portfolio," "Euro Portfolio" and "Canadian
Dollar Portfolio". The Designated Currency for the U.S. Dollar
Portfolio shall be the U.S. Dollar, the Designated Currency for the
Pound Sterling Portfolio shall be the Pound Sterling, the Designated
Currency for the Euro Portfolio shall be the Euro, and the Designated
Currency for the Canadian Dollar Portfolio shall be the Canadian
dollar. The Shares of such Sub-Trusts and any Shares of any further
Sub-Trust or class thereof that may from time to time be established
and designated by the Trustees shall (unless the Trustees otherwise
determine with respect to some further Sub-Trust at the time of
establishing and designating the same) have the following relative
rights and preferences:"
Dated: January 4, 1999
/s/ Xxxxxxxx X.X. Xxxxxx
-------------------------------
Xxxxxxxx X.X. Xxxxxx
Assistant Secretary
