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(c) To make distributions to the Participating Trusts, payable in cash,
<br />property or any combination of cash and property as determined by
<br />the Trustee in its sole discretion, out of the assets of the Trust;
<br />(d) To establish and maintain bank, brokerage, commodity, currency, and
<br />other similar accounts, whether domestic or foreign, to enter into
<br />agreements in connection therewith, and, from time to time, to
<br />deposit securities or other Trust assets in such accounts;
<br />(e) To sell securities and other assets for cash or upon credit, to convert,
<br />redeem, or exchange securities or property, to tender securities
<br />pursuant to tender offers, or otherwise to dispose of any securities or
<br />other assets at any time held by a Fund, or by the Trustee on behalf of
<br />a Fund;
<br />(0 Subject to Section 4.05 above, to borrow money and in connection
<br />with any such borrowing, to issue notes or other evidences of
<br />indebtedness to secure such borrowing by mortgaging, pledging, or
<br />otherwise subjecting the Trust assets to security interests, to lend
<br />Trust assets, to endorse or guarantee the payment of any notes or
<br />other obligations of any person, and to make contracts of guaranty or
<br />suretyship, or otherwise assume liability for payment thereof,
<br />(g) To incur and pay out of the assets of a Fund any charges, taxes, and
<br />expenses which in the opinion of the Trustee are necessary or
<br />incidental to, or in support of, the carrying out of any of the purposes
<br />of this Declaration of Trust or the Investment Guidelines applicable to
<br />such Fund (including, but not limited to, the compensation and fees
<br />for the Trustee, custodians, the valuation committees or agents,
<br />depositories, pricing agents, transfer agents, accountants, attorneys,
<br />brokers and broker-dealers, proxy voting agents and other
<br />independent contractors or agents);
<br />(h) To join with other holders of any securities or debt instruments in
<br />acting through a committee, depositary, voting trustee or otherwise,
<br />and in that connection to deposit any security or debt instrument
<br />with, or transfer any security or debt instrument to, any such
<br />committee, depositary or trustee, and to delegate to them such power
<br />and authority with relation to any security or debt instrument
<br />(whether or not so deposited or transferred) as the Trustee shall
<br />deem proper, and to agree to pay, and to pay, such portion of the
<br />expenses and compensation of such committee, depositary or trustee
<br />as the Trustee shall deem proper;
<br />DB I / 30624; a; f, - 12 -
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