Special Meeting of Shareholders
A special meeting of shareholders of the Equity Fund and the International
Growth Fund was held on February 29, 2000 to vote on the proposals listed
below. The results were as follows:
Proposal 1: To consider a new investment sub-advisory agreement between
Webster and Garzarelli relating to the U.S. Equity Fund.
Votes For Votes Against
2,793,512 0
Proposal 2: To consider an amendment to the investment management
agreement between the Company and Webster to increase the advisory fee
payable with respect to the International Growth Fund.
Votes For Votes Against
1,847,036 0
Proposal 3: To consider a new investment sub-advisory agreement between
Webster and HGI relating to the International Growth Fund.
Votes For Votes Against
2,793,512 0
