FUND ASSET MANAGEMENT MASTER TRUST, POS AMI, EX-99.(L)(2), 2000-10-06

FUND ASSET MANAGEMENT MASTER TRUST
POS AMI, EX-99.(L)(2), 2000-10-06

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                                                               EXHIBIT 99.(L)(2)


                     CERTIFICATE OF HOTCHKIS AND WILEY FUNDS



        Hotchkis and Wiley Low Duration Fund does hereby confirm to Fund Asset
Management Master Trust its representation that it contributed $50,000 in the
Low Duration Master Portfolio for investment purposes, with no present intention
of redeeming or reselling any portion thereof.

        Hotchkis and Wiley Total Return Bond Fund does hereby confirm to Fund
Asset Management Master Trust its representation that it contributed $50,000 in
the Total Return Bond Master Portfolio for investment purposes, with no present
intention of redeeming or reselling any portion thereof.



                                       HOTCHKIS AND WILEY FUNDS

                                       By: /s/  Nancy D. Celick
                                       Nancy D. Celick
                                       President