EXHIBIT 1a
CIGNA VARIABLE PRODUCTS GROUP
AMENDMENT NO. 1 TO MASTER TRUST AGREEMENT
AMENDMENT NO. 1 to the Master Trust Agreement of CIGNA Variable Products
Group dated February 4, 1988 (the "Master Trust Agreement"), made as of this
13th day of October, 1995 by the Trustees hereunder.
W I T N E S S E T H
WHEREAS, Article VII, Section 7.5 of the Master Trust Agreement provides
that the Trust is to be governed by and construed and administered according to
the laws of The Commonwealth of Massachusetts, including the Massachusetts
Business Corporation Law as the same may be amended from time to time; and
WHEREAS, Ch. 156B, Section 13(c)(1) of the Massachusetts Business
Corporation Law indicates that the Master Trust Agreement shall contain the
initial street address of the principal office of the Trust in The Commonwealth
of Massachusetts; and
WHEREAS, the Trustees have the authority, under Article IV, Section 4.1 of
the Master Trust Agreement, to divide the class of Shares of the Trust into two
or more Series of Shares as they deem necessary or desirable (each of which
Series of Shares is a separate and distinct Sub-Trust of the Trust); and
WHEREAS, the Trustees desire to redesignate its established Sub-Trust known
as Companion Fund and designate same as CIGNA Variable Products S&P 500 Fund;
and
WHEREAS, the Trustees desire to establish and designate four new Sub-
Trusts, namely CIGNA Variable Products High Yield Fund, CIGNA Variable Products
Income Fund, CIGNA Variable Products International Stock Fund and CIGNA Variable
Products Money Market Fund;
NOW THEREFORE, the Trustees hereby add Article I, Section 1.2 and amend the
initial paragraph of Article IV, Section 4.2 of the Master Trust Agreement as
heretofore in effect to read as follows:
Section 1.2 Principal Office. The principal office of the Trust
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shall be located at 0000 Xxxx Xxxxxx, Xxxxxxxxxxx, Xxxxxxxxxxxxx 00000 or
at such other location as the Trustees may from time to time determine. In
the event that the Trust changes its principal office, the Trustees shall
so inform the Secretary of The Commonwealth of Massachusetts by the filing
of a certificate of change therewith, specifying the street address of its
new principal office in the
Commonwealth and by filing the same with the Clerk of the City of
Springfield, as well as any other governmental office where such filing may
from time to time be required.
Section 4.2 Establishment and Designation of Sub-Trusts. Without limiting
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the authority of the Trustees set forth in Section 4.1 to establish and
designate any further Sub-Trusts, the Trustees hereby redesignate the
established Sub-Trust known as Companion Fund and designate this Sub-Trust
as CIGNA Variable Products S&P 500 Index Fund and establish and designate
four additional Sub-Trusts: CIGNA Variable Products High Yield Fund, CIGNA
Variable Products Income Fund, CIGNA Variable Products International Stock
Fund and CIGNA Variable Products Money Market Fund, and the Shares of each
such Sub-Trust and any Shares of any further Sub-Trusts 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:
The undersigned hereby certify that the amendment set forth above has been
duly adopted in accordance with the provisions of the Master Trust Agreement.
IN WITNESS WHEREOF, the undersigned have hereunto executed this Amendment
No. 1 to the Master Trust Agreement as of the day and year first above written.
/s/ R. Xxxxx Xxxxx /s/ Xxxx X. Xxxxx
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R. Xxxxx Xxxxx Xxxx X. Xxxxx
/s/ Xxxxxxx X. Xxxxx /s/ Xxxx X. XxXxxxxx
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Xxxxxxx X. Xxxxx Xxxx X. XxXxxxxx
/s/ Xxxxxx X. Xxxxx, III
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Xxxxxx X. Xxxxx, III
