EXHIBIT 99.B5(b)(iii) --------------------- FORM OF SUB-ADVISORY AGREEMENT (BEHAVIORAL LONG/SHORT FUND) UNDISCOVERED MANAGERS FUNDS SUB-ADVISORY AGREEMENT (Behavioral Long/Short Fund) This Sub-Advisory Agreement (this "Agreement") is entered into as...Sub-Advisory Agreement • October 14th, 1998 • Undiscovered Managers Funds • Massachusetts
