ICON FUNDS
AMENDMENT NO. 1 TO MASTER TRUST AGREEMENT
AMENDMENT No. 1 to the Master Trust Agreement of ICON Funds, dated
September 19, 1996, made at Southlake, Texas as of this October 21,1996 by the
Trustees hereunder.
WITNESSETH
WHEREAS, Section 7.3 of the ICON Master Trust Agreement dated September
19, 1996 (the "Agreement"), of ICON Funds (the "Trust") provides that the
Agreement may be amended at any time, so long as such amendment does not
adversely affect the rights of any shareholder with respect to which such
amendment is or purports to be applicable and so long as such amendment is not
in contravention of applicable law, including the Investment Company Act of
1940, by an instrument in writing, signed by an officer of the Trust pursuant to
a vote of a majority of the Trustees of the Trust; and
WHEREAS, a majority of the Trustees of the Trust desire to amend the
Agreement to change the names of ICON Hospitality Fund to ICON Leisure Fund,
ICON North Pacific Regional Fund to ICON North Region Asia Fund, ICON South
Pacific Regional Fund to ICON South Asia Region Fund, ICON North Europe Regional
Fund to ICON North Europe Region Fund, ICON South Europe Regional Fund to ICON
South Europe Region Fund.
WHEREAS, a majority of the Trustees of the Trust on October 21, 1996
have duly adopted the amendment to the Agreement shown below and authorized the
same to be filed with the Secretary of State of the Commonwealth of
Massachusetts;
NOW, THEREFORE,
The undersigned Xxxxxxx X. Xxxxxxxxxxxx, the duly elected and serving
Vice President and Secretary of the Trust, pursuant to the authorization
described above, hereby amends Section 4.2 of the Master Trust Agreement, as
heretofore in effect, to read as follows:
Section 4.2 ESTABLISHMENT AND DESIGNATION OF SUB-TRUSTS. Without
limiting the Trustees' authority to establish further Sub-Trusts pursuant to
Section 4.1, the Trustees hereby establish the following sub- trusts:
ICON Basic Materials Fund ICON North Asia Region Fund
ICON Capital Goods Fund ICON South Asia Region Fund
ICON Consumer Cyclicals Fund ICON North Europe Region Fund
ICON Consumer Staples Fund ICON South Europe Region Fund
ICON Energy Fund ICON Western Hemisphere Fund
ICON Financial Services Fund
ICON Healthcare Fund ICON Short-Term Fixed Income Fund
ICON Leisure Fund
ICON Technology Fund
ICON Telecommunication & Utilities Fund
ICON Transportation Fund
WITNESS WHEREOF, my hand and seal this 24th day of October, 1996
/s/ Xxxxxxx X. Xxxxxxxxxxxx
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Xxxxxxx X. Xxxxxxxxxxxx
Vice President and Secretary
STATE OF TEXAS )
) ss:
COUNTY OF TARRANT )
Before me, a Notary Public in and for said county and state, personally
appeared the above named Xxxxxxx X. Xxxxxxxxxxxx, who acknowledged that he did
sign the foregoing instrument in the capcity indicated and that the same is his
free act and deed on this 24th day of October, 1996.
/s/ Xxxxxxxxxx X. Xxxxxx
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Notary Public
My Commission Expires: 05/18/99
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