0001029869-98-000529 Sample Contracts

MERRIMAC FUNDS Amendment No. 2 to MASTER TRUST AGREEMENT
Master Trust Agreement • April 21st, 1998 • Merrimac Funds

Pursuant to Article IV, Section 4.2 of the Master Trust Agreement of the Merrimac Funds (the "Trust"), dated as of October 30, 1996 (the "Trust Agreement"), and pursuant to authorization by the Trustees of the Trust at a meeting duly called and held for such purpose on August 6, 1997, the following Series of the Trust is established and designated:

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