POWER OF ATTORNEY
Each of the Undersigned Directors of the Pbhg Funds, Inc. (The "Fund")
Whose Signatures Appear Below Hereby Makes, Constitutes and Appoints Harold L.
Baxter and John M. Zerr, and Each of Them Acting Individually, to be Their True
and Lawful Attorneys and Agents, Each of Them With the Power to Act Without Any
Other and With Full Power of Substitution, to Execute, Deliver and File in Each
of the Undersigned Directors' Capacity or Capacities as Shown Below, Any and All
Instruments That Said Attorneys and Agents May Deem Necessary or Advisable to
Enable the Fund to File a Registration On Form N-14 Under the Securities Act of
1933, as Amended, Including Any and All Pre-effective and Post-effective
Amendments Thereto; and Without Limitation of the Foregoing, the Power and
Authority to Sign the Name of the Fund On Its Behalf, and to Sign the Names of
Each of Such Directors On Their Behalf, and Said Directors Hereby Grant to Said
Attorney or Attorneys, Full Power and Authority to Do and Perform Each and Every
Act and Thing Whatsoever as Said Attorney or Attorneys May Deem Necessary or
Advisable to Carry Out Fully the Intent of This Power of Attorney to the Same
Extent and With the Same Effect as Each of Said Directors Might or Could Do
Personally in His or Her Capacity or Capacities as Aforesaid and Each of Said
Directors Ratifies, Confirms and Approves All Acts and Things Which Said
Attorney or Attorneys Might Do or Cause to be Done by Virtue of This Power of
Attorney and His or Her Signature as the Same May be Signed by Said Attorney or
Attorneys.
Signature Title Date
--------- ----- ----
/S/ HAROLD J. BAXTER Chairman and Director 12/14/00
Harold J. Baxter
/S/ JOHN R. BARTHOLDSON Director 12/14/00
John R. Bartholdson
/S/ JETTIE M. EDWARDS Director 12/14/00
Jettie M. Edwards
/S/ ALBERT A. MILLER Director 12/14/00
Albert A. Miller
