Sub-Item 77(Q)(e) INVESTMENT ADVISORY AGREEMENT AGREEMENT made this 6th day of June, 1996 by and between Sage/Tso Trust (the "Trust"), a Delaware business trust and Sage/Tso Investment Management L.P., a limited partnership (the "Adviser"). 1. Duties...Investment Advisory Agreement • May 22nd, 1997 • Sage Tso Trust • Virginia
