<PAGE>
GAMNA SERIES FUNDS, INC.
POWER OF ATTORNEY
James S. Carluccio, whose signature appears below, hereby constitutes and
appoints Mark P. Bronzo, Daniel W. Portanova and Joseph C. O'Connor, and each of
them, his true and lawful attorneys and agents, with full power and authority of
substitution and resubstitution, to do any and all acts and things and to
execute any and all instruments which said attorneys and agents, or any of them,
may deem necessary or advisable or which may be required to enable GAMNA Series
Funds, Inc. (the "Company") to comply with the Investment Company Act of 1940,
as amended, and the Securities Act of 1933, as amended (collectively, the
"Acts"), and any rules, regulations or requirements of the Securities and
Exchange Commission in respect thereof, in connection with the filing and
effectiveness of any and all amendments (including post-effective amendments) to
the Company's Registration Statement pursuant to said Acts, including
specifically, but without limiting the generality of the foregoing, the power
and authority to sign in the name and on behalf of the undersigned as a director
and/or officer of the Company and all such amendments filed with the Securities
and Exchange Commission under said Acts, and any other instruments or documents
related thereto, and the undersigned does hereby ratify and confirm of that said
attorneys and agents, or any of them, shall do or cause to be done by virtue
hereof.
/s/ James S. Carluccio
-----------------------------
James S. Carluccio
Date: October 20, 2000
<PAGE>
GAMNA SERIES FUNDS, INC.
POWER OF ATTORNEY
Robert T. Adams, whose signature appears below, hereby constitutes and
appoints Mark P. Bronzo, Daniel W. Portanova and Joseph C. O'Connor, and each of
them, his true and lawful attorneys and agents, with full power and authority of
substitution and resubstitution, to do any and all acts and things and to
execute any and all instruments which said attorneys and agents, or any of them,
may deem necessary or advisable or which may be required to enable GAMNA Series
Funds, Inc. (the "Company") to comply with the Investment Company Act of 1940,
as amended, and the Securities Act of 1933, as amended (collectively, the
"Acts"), and any rules, regulations or requirements of the Securities and
Exchange Commission in respect thereof, in connection with the filing and
effectiveness of any and all amendments (including post-effective amendments) to
the Company's Registration Statement pursuant to said Acts, including
specifically, but without limiting the generality of the foregoing, the power
and authority to sign in the name and on behalf of the undersigned as a director
and/or officer of the Company and all such amendments filed with the Securities
and Exchange Commission under said Acts, and any other instruments or documents
related thereto, and the undersigned does hereby ratify and confirm of that said
attorneys and agents, or any of them, shall do or cause to be done by virtue
hereof.
/s/ Robert T. Adams
-----------------------------
Robert T. Adams
Date: October 19, 2000
<PAGE>
GAMNA SERIES FUNDS, INC.
POWER OF ATTORNEY
Edward Fogarty, Jr., whose signature appears below, hereby constitutes and
appoints Mark P. Bronzo, Daniel W. Portanova and Joseph C. O'Connor, and each of
them, his true and lawful attorneys and agents, with full power and authority of
substitution and resubstitution, to do any and all acts and things and to
execute any and all instruments which said attorneys and agents, or any of them,
may deem necessary or advisable or which may be required to enable GAMNA Series
Funds, Inc. (the "Company") to comply with the Investment Company Act of 1940,
as amended, and the Securities Act of 1933, as amended (collectively, the
"Acts"), and any rules, regulations or requirements of the Securities and
Exchange Commission in respect thereof, in connection with the filing and
effectiveness of any and all amendments (including post-effective amendments) to
the Company's Registration Statement pursuant to said Acts, including
specifically, but without limiting the generality of the foregoing, the power
and authority to sign in the name and on behalf of the undersigned as a director
and/or officer of the Company and all such amendments filed with the Securities
and Exchange Commission under said Acts, and any other instruments or documents
related thereto, and the undersigned does hereby ratify and confirm of that said
attorneys and agents, or any of them, shall do or cause to be done by virtue
hereof.
/s/ Edward Fogarty, Jr.
-----------------------------
Edward Fogarty, Jr.
Date: October 19, 2000
<PAGE>
GAMNA SERIES FUNDS, INC.
POWER OF ATTORNEY
Vincent Benefico, whose signature appears below, hereby constitutes and
appoints Mark P. Bronzo, Daniel W. Portanova and Joseph C. O'Connor, and each of
them, his true and lawful attorneys and agents, with full power and authority of
substitution and resubstitution, to do any and all acts and things and to
execute any and all instruments which said attorneys and agents, or any of them,
may deem necessary or advisable or which may be required to enable GAMNA Series
Funds, Inc. (the "Company") to comply with the Investment Company Act of 1940,
as amended, and the Securities Act of 1933, as amended (collectively, the
"Acts"), and any rules, regulations or requirements of the Securities and
Exchange Commission in respect thereof, in connection with the filing and
effectiveness of any and all amendments (including post-effective amendments) to
the Company's Registration Statement pursuant to said Acts, including
specifically, but without limiting the generality of the foregoing, the power
and authority to sign in the name and on behalf of the undersigned as a director
and/or officer of the Company and all such amendments filed with the Securities
and Exchange Commission under said Acts, and any other instruments or documents
related thereto, and the undersigned does hereby ratify and confirm of that said
attorneys and agents, or any of them, shall do or cause to be done by virtue
hereof.
/s/ Vincent Benefico
-----------------------------
Vincent Benefico
Date: October 23, 2000
<PAGE>
GAMNA SERIES FUNDS, INC.
POWER OF ATTORNEY
Joseph C. O'Connor, whose signature appears below, hereby constitutes and
appoints Mark P. Bronzo and Daniel W. Portanova, and each of them, his true and
lawful attorneys and agents, with full power and authority of substitution and
resubstitution, to do any and all acts and things and to execute any and all
instruments which said attorneys and agents, or any of them, may deem necessary
or advisable or which may be required to enable GAMNA Series Funds, Inc. (the
"Company") to comply with the Investment Company Act of 1940, as amended, and
the Securities Act of 1933, as amended (collectively, the "Acts"), and any
rules, regulations or requirements of the Securities and Exchange Commission in
respect thereof, in connection with the filing and effectiveness of any and all
amendments (including post-effective amendments) to the Company's Registration
Statement pursuant to said Acts, including specifically, but without limiting
the generality of the foregoing, the power and authority to sign in the name and
on behalf of the undersigned as a director and/or officer of the Company and all
such amendments filed with the Securities and Exchange Commission under said
Acts, and any other instruments or documents related thereto, and the
undersigned does hereby ratify and confirm of that said attorneys and agents, or
any of them, shall do or cause to be done by virtue hereof.
/s/ Joseph C. O'Connor
-----------------------------
Joseph C. O'Connor
Date: October 20, 2000
<PAGE>
GAMNA SERIES FUNDS, INC.
POWER OF ATTORNEY
Jonathan M. Rather, whose signature appears below, hereby constitutes and
appoints Mark P. Bronzo, Daniel W. Portanova and Joseph C. O'Connor, and each of
them, his true and lawful attorneys and agents, with full power and authority of
substitution and resubstitution, to do any and all acts and things and to
execute any and all instruments which said attorneys and agents, or any of them,
may deem necessary or advisable or which may be required to enable GAMNA Series
Funds, Inc. (the "Company") to comply with the Investment Company Act of 1940,
as amended, and the Securities Act of 1933, as amended (collectively, the
"Acts"), and any rules, regulations or requirements of the Securities and
Exchange Commission in respect thereof, in connection with the filing and
effectiveness of any and all amendments (including post-effective amendments) to
the Company's Registration Statement pursuant to said Acts, including
specifically, but without limiting the generality of the foregoing, the power
and authority to sign in the name and on behalf of the undersigned as a director
and/or officer of the Company and all such amendments filed with the Securities
and Exchange Commission under said Acts, and any other instruments or documents
related thereto, and the undersigned does hereby ratify and confirm of that said
attorneys and agents, or any of them, shall do or cause to be done by virtue
hereof.
/s/ Jonathan M. Rather
-----------------------------
Jonathan M. Rather
Date: October 19, 2000
<PAGE>
GAMNA SERIES FUNDS, INC.
POWER OF ATTORNEY
Mark P. Bronzo, whose signature appears below, hereby constitutes and
appoints Joseph C. O'Connor and Daniel W. Portanova, and each of them, his true
and lawful attorneys and agents, with full power and authority of substitution
and resubstitution, to do any and all acts and things and to execute any and all
instruments which said attorneys and agents, or any of them, may deem necessary
or advisable or which may be required to enable GAMNA Series Funds, Inc. (the
"Company") to comply with the Investment Company Act of 1940, as amended, and
the Securities Act of 1933, as amended (collectively, the "Acts"), and any
rules, regulations or requirements of the Securities and Exchange Commission in
respect thereof, in connection with the filing and effectiveness of any and all
amendments (including post-effective amendments) to the Company's Registration
Statement pursuant to said Acts, including specifically, but without limiting
the generality of the foregoing, the power and authority to sign in the name and
on behalf of the undersigned as a director and/or officer of the Company and all
such amendments filed with the Securities and Exchange Commission under said
Acts, and any other instruments or documents related thereto, and the
undersigned does hereby ratify and confirm of that said attorneys and agents, or
any of them, shall do or cause to be done by virtue hereof.
/s/ Mark P. Bronzo
-----------------------------
Mark P. Bronzo
Date: October 20, 2000
<PAGE>
GAMNA SERIES FUNDS, INC.
POWER OF ATTORNEY
Daniel W. Portanova, whose signature appears below, hereby constitutes and
appoints Mark P. Bronzo and Joseph C. O'Connor, and each of them, his true and
lawful attorneys and agents, with full power and authority of substitution and
resubstitution, to do any and all acts and things and to execute any and all
instruments which said attorneys and agents, or any of them, may deem necessary
or advisable or which may be required to enable GAMNA Series Funds, Inc. (the
"Company") to comply with the Investment Company Act of 1940, as amended, and
the Securities Act of 1933, as amended (collectively, the "Acts"), and any
rules, regulations or requirements of the Securities and Exchange Commission in
respect thereof, in connection with the filing and effectiveness of any and all
amendments (including post-effective amendments) to the Company's Registration
Statement pursuant to said Acts, including specifically, but without limiting
the generality of the foregoing, the power and authority to sign in the name and
on behalf of the undersigned as a director and/or officer of the Company and all
such amendments filed with the Securities and Exchange Commission under said
Acts, and any other instruments or documents related thereto, and the
undersigned does hereby ratify and confirm of that said attorneys and agents, or
any of them, shall do or cause to be done by virtue hereof.
/s/ Daniel W. Portanova
-----------------------------
Daniel W. Portanova
Date: October 20, 2000