SUPPLEMENT TO MANAGEMENT AGREEMENT
OPPORTUNITY VALUE PORTFOLIO
ENHANCED INDEX PORTFOLIO
Date: November 13, 1996
Endeavor Management Co.
Managing Partner
Endeavor Investment Advisers
Xxxxx 000
0000 Xxxx Xxxxx Xxxxxxx
Xxxxxx del Mar, California 92625
Ladies and Gentlemen:
Endeavor Series Trust (the "Trust"), a Massachusetts business trust
created pursuant to an Agreement and Declaration of Trust filed with the
Secretary of State of The Commonwealth of Massachusetts, herewith supplements
its Management Agreement (the "Agreement") dated November 23, 1992 with
Endeavor Investment Advisers, a California general partnership (the
"Manager"), as follows:
1. Investment Description; Appointment. Pursuant to Section 1 of the
Agreement the Trust hereby notifies the Manager that it has established two
additional investment portfolios (the "New Investment Portfolios"), namely
OPPORTUNITY VALUE PORTFOLIO and the ENHANCED INDEX PORTFOLIO and that the New
Investment Portfolios should be included as "Portfolios" as that term is
defined in the Agreement.
2. Limitation of Liability. A copy of the Declaration of Trust is on file
with the Secretary of State of The Commonwealth of Massachusetts and notice is
hereby given that this Agreement is executed on behalf of the Trustees of the
Trust as trustees and not individually and that the obligations of this
Agreement are not binding upon the Trustees or holders of shares of the Trust
individually but are binding only upon the assets and property of the Trust.
If the foregoing is in accordance with your understanding, kindly
indicate your acceptance hereof by signing and returning to us the enclosed
copy hereof.
Very truly yours,
ENDEAVOR SERIES TRUST
By: Xxxxx X. XxXxxxx
---------------------
Authorized Officer
Accepted:
ENDEAVOR INVESTMENT ADVISERS
By: Endeavor Management Co.,
Managing Partner
By: Xxxxxxx X. XxXxxxxxxx, C.E.O
-----------------------------
Authorized Officer
AMENDMENT TO
SCHEDULE A
OPPORTUNITY VALUE PORTFOLIO .80% of average daily net
assets
ENHANCED INDEX PORTFOLIO .75% of average daily net
assets
ENDEAVOR INVESTMENT ADVISERS ENDEAVOR SERIES TRUST
By: Endeavor Management Co.,
Managing Partner
By: Xxxxxxx X. XxXxxxxxxx, C.E.O By: Xxxxx X. XxXxxxx
---------------------------- -----------------
Date: November 13, 1996 Date: Novemeber 13, 1996
