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...

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