Mosaic Equity Trust
Exhibit 77.Q.1 to NSAR dated December 31, 1997
Amendment to Services Agreement dated July 31, 1996
between Bankers Finance Advisors, LLC and Mosaic (formerly GIT) Equity Trust
Effective January 16, 1998, Section 4 of the Agreement shall be and
hereby is amended to read as follows:
"4. Compensation to BFA. BFA shall have no responsibility hereunder to
bear at its own expense any costs or expenses of the Trust. The Trust
shall pay to BFA a fee per annum for all services provided to the Trust
hereunder (including, by way of example and not limitation, transfer
agency and shareholder service, portfolio and shareholder accounting,
registration fees, audit and legal expenses). The Worldwide Growth Fund
series shall also pay directly its custody fees foreign custody in
addition to the fee provided herein. Such fee shall be calculated
daily, based on the ending daily net assets of the applicable series of
the Trust. Such fee shall be payable monthly as of the last day of the
month and shall be the sum of the daily fees calculated as one-three
hundred sixty-fifth (1/365), except in leap years one-hundred sixty-
sixth (1/366), of the annual fee. Such fee is set forth below
determined according to the level of net assets of the applicable series
of the Trust. This fee may not be raised without approval by the Trust.
BFA may lower this fee at any time, which lower fee must be ratified by
the Trust. Once lowered, BFA may not raise the fee without approval by
the Trust. Nothing herein prevents BFA from waiving any or all of this
fee at any time.
Series Fee in Basis Points
Mid-Cap (formerly Special) Growth Fund 50
Investors (formerly Select Growth) Fund 40
Balanced (formerly Equity Income) Fund 45
Foresight (formerly Worldwide Growth) Fund 50"
