FORM OF SUBADVISORY AGREEMENTForm of Subadvisory Agreement • September 1st, 2004 • Potomac Funds • Massachusetts
POTOMAC FUNDS POTOMAC INSURANCE TRUST SUBADVISORY AGREEMENT This Subadvisory Agreement is made as of June 29, 2004 (the "Effective Date"), between Rafferty Asset Management, LLC, a New York limited liability corporation (the "Adviser"), and...Insurance Trust • September 1st, 2004 • Potomac Funds • Massachusetts
