EXHIBIT 5(vii)(b)
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 Investment Advisory and Management Agreement dated May 30,
1995, in respect of the Mentor Short-Duration Income Portfolio 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 Investment Counsel, Inc.
By:______________________________
Name:
Title:
Acknowledged and accepted:
Mentor Investment Advisors, LLC
By:_________________________
Name:
Title:
