THOMPSON COBURN LLP One US Bank Plaza St. Louis, MO 63101 (314) 552-6295Legal Opinion • October 24th, 2003 • Unified Series Trust
Dreman High Opportunity Large Cap Value Fund, Dreman High Opportunity Mid Cap Value Fund, and Dreman High Opportunity Small Cap Value Fund (each a "Fund" and, collectively the "Funds") were established as a series of the Unified Series Trust (the "Trust"), an Ohio business trust, on September 7, 2003. The Trust has filed a post-effective amendment to its Registration Statement on Form N-1A with the Securities and Exchange Commission, as amended (SEC File No. 811-21237 and 333-100654) (the "Amendment") to register an unlimited number of shares of common stock (the "Shares") to be issued by each Fund. You have requested our opinion regarding certain matters in connection with the issuance by the each Fund of its Shares.
