EXHIBIT 5(i)(c)
November 1, 1996
Mentor Investment Advisors, LLC
000 Xxxx Xxxx Xxxxxx
Xxxxxxxx, Xxxxxxxx 00000
Ladies and Gentlemen:
Effective today, we hereby transfer to you all of our rights and
obligations under the Management Agreement dated April 17, 1992, in respect of
the Mentor Capital Growth Portfolio, Mentor Income and Growth Portfolio, Mentor
Municipal Income Portfolio, and Mentor Quality Income Portfolio, each a series
of the Mentor Funds, and you hereby accept and assume any and all of such
rights and obligations. If this letter is consistent with your understanding of
the agreement between us, please acknowledge your acceptance by signing in the
space indicated below.
Very truly yours,
Commonwealth Advisors, Inc.
(formerly Cambridge Investment Advisors, Inc.)
By:______________________________
Name:
Title:
Acknowledged and accepted:
Mentor Investment Advisors, LLC
By:_________________________
Name:
Title:
