AMENDMENT TO DISTRIBUTION AGREEMENT
AMENDMENT TO DISTRIBUTION AGREEMENT, dated as of ______________, 1997 (the
"Amendment"), by and between Skyline Funds (the "Fund") and Funds Distributor,
Inc. ("FDI").
WHEREAS, the Fund intends to create a new Series to be called Skyline
Contrarian Equities; and
WHEREAS, FDI and the Fund have entered into a Distribution Agreement (the
"Distribution Agreement") dated as of August 31, 1995 and both parties wish to
amend such Distribution Agreement.
NOW, THEREFORE for good and valuable consideration, and intending to be
legally bound hereby, the parties agree as follows:
1. Defined terms used in this Amendment have the same meaning as assigned
to them in the Distribution Agreement.
2. Exhibit A to the Distribution Agreement is hereby amended to include
Skyline Contrarian Equities; and
3. Paragraph 3 of the Distribution Agreement is hereby amended and
restated in its entirety to read as follows:
This Agreement shall become effective with respect to the Fund as of
the date hereof and will continue for an initial one-year term and
will continue thereafter so long as such continuance is specifically
approved at least annually (i) by the Fund's Board (ii) by a vote of a
majority (as defined in the Investment Company Act of 1940) of the
Shares of the Fund or the relevant Series, as the case may be,
provided that in either event its continuance also is approved by a
majority of the Board members who are not "interested persons" (as
defined in said Act) of any party to this Agreement, by vote cast in
person at a meeting called for the purpose of voting on such approval.
If a Series is not in existence as of the date hereof, this Agreement
shall take effect with respect to that Series on the date you become
the distributor of the Shares of such Series; Exhibit A to this
Agreement shall be deemed amended to include such Series from and
after such date. This agreement is terminable with respect to the
Fund, without penalty, on not less than sixty days' notice, by the
Fund's Board of Trustees, by vote of a majority (as defined in the
Investment Company Act of 1940) of the outstanding voting securities
of such Fund, or by you.
IN WITNESS WHEREOF, the parties hereto have caused this instrument to be
duly executed and delivered by their duly authorized officers as of the date
first written above.
Funds Distributor, Inc.
By:___________________________
Name:
Title:
Skyline Funds
By:____________________________
Name:
Title:
