Exhibit (h)(34)
THE GALAXY FUND
0000 Xxxxxxxx Xxxxx
Xxxxxxxxxxx, Xxxxxxxxxxxxx 00000-0000
August 1, 2001
The Pillar Funds
c/o SEI Investments Mutual Funds Services
Xxx Xxxxxxx Xxxxxx Xxxxx
Xxxx, XX 00000
Ladies and Gentlemen:
This letter is in reference to Paragraph 5 of the Agreement and Plan of
Reorganization by and between The Galaxy Fund and The Pillar Funds dated as of
March 9, 2001 (the "Agreement"). The purpose of this letter is to memorialize
our agreement that the First Valuation Time (as defined in the Agreement) shall
be 4:00 P.M., Eastern Time, on August 17, 2001 and the Second Valuation Time (as
defined in the Agreement) shall be 4:00 p.m. Eastern Time on August 24, 2001.
Please sign this letter where indicated to signify your agreement.
This letter may be executed in any number of counterparts, each of
which shall be deemed an original, but all such counterparts together shall
constitute but one and the same instrument.
Sincerely,
THE GALAXY FUND
By:/S/ XXXX X. X'XXXXX
-------------------
Xxxx X. X'Xxxxx
President
ACKNOWLEDGED AND AGREED:
THE PILLAR FUNDS
By:/S/ XXXXX X. XXXXX Dated: August 1, 2001
------------------------
Xxxxx X. Xxxxx
President
