SUPPLEMENT TO TRANSFER AGENCY AND SERVICES AGREEMENT
March 12, 1997
Panorama Trust
Xxx Xxxxxxxx Xxxxx
Xxxxxx, Xxxxxxxxxxxxx 00000
Panorama Trust, a Massachusetts business trust (the "Trust"), hereby
supplements its Transfer Agency and Services Agreement dated October 3, 1995
(the "Transfer Agency Agreement") with First Data Investor Services Group, Inc.,
a Massachusetts corporation (the "Transfer Agent"), to provide the services as
described under the Transfer Agency Agreement for Pictet Eastern European Fund
(the "New Fund"). Exhibit I to the Transfer Agency Agreement is revised in the
form attached hereto.
Fees to be paid by the Company to the Transfer Agent with respect to
the New Fund will be made in accordance with the Letter Fee Agreement dated
October 3, 1995, among the Trust, First Data Distributors, Inc. and the Transfer
Agent. Such Letter Fee Agreement is included as an exhibit to the Transfer
Agency Agreement.
If the foregoing is in accordance with your understanding, kindly
indicate your acceptance of this Supplement by signing and returning the
enclosed copy of this Supplement.
Very truly yours,
PANORAMA TRUST
By:
Authorized Signature
Accepted and Agreed to:
FIRST DATA INVESTOR SERVICES GROUP, INC.
By:
Authorized Signature
Exhibit 1
LIST OF PORTFOLIOS AND CLASSES (as revised)
Pictet Global Emerging Markets Fund (with one class of shares) Pictet
International Small Companies Fund (with one class of shares) Pictet Eastern
European Fund (with one class of shares)