WORLD INCOME PORTFOLIO
AGREEMENT AND DECLARATION OF UNITHOLDERS
This AGREEMENT AND DECLARATION OF UNITHOLDERS is made at Minneapolis, Minnesota,
as of this 13th day of May, 1996 by the holders of beneficial interest of World
Income Portfolio, a separate series of World Trust.
WITNESS that
WHEREAS, the Declaration of Trust for World Trust provides for no
restrictions on the transfer of units therein; and
WHEREAS, the holders of units in World Income Portfolio desire to restrict the
transfer of their units in World Income Portfolio;
NOW, THEREFORE, the undersigned hereby declare that they will not transfer any
units in World Income Portfolio held by them without the prior written consent
of the other unitholders holding at least two thirds of the World Income
Portfolio's units outstanding (excluding the units of the holder seeking to
effect the transfer) and that any attempted transfer in violation of this
agreement shall be null and void. This agreement shall not affect the rights of
any unitholder to redeem units in World Income Portfolio as provided for in the
Declaration of Trust. The undersigned also acknowledges that the remedy of
damages for the violation of this agreement would be inadequate and therefore
further agree that this agreement shall be enforceable solely by the remedy of
specific performance.
IDS GLOBAL SERIES, INC.
IDS Global Bond Fund
/s/ Xxxxxx X. Xxx
Xxxxxx X. Xxx
Vice President and General Counsel
STRATEGIST WORLD FUND, INC.
Strategist World Income Fund
/s/ Xxxxx X. Xxxxxxxx
Xxxxx X. Xxxxxxxx
President
