1 Exhibit 99(d-4) SUB-ADVISORY AGREEMENT PACIFIC CAPITAL NEW ASIA GROWTH FUND AGREEMENT is made as of July 19, 1999 among Pacific Capital Funds (the "Trust"), Pacific Century Trust (the "Adviser"), and CMG First State (Hong Kong) LLC ("Sub-Adviser")....Sub-Advisory Agreement • December 1st, 1999 • Pacific Capital Funds • Massachusetts
