POWER OF ATTORNEY
Each of the undersigned Trustees and Officers of the California Investment
Trust ("the trust") hereby appoints Stephen C. Rogers, Phillip W. McClanahan and
Julie Allecta (with full power to each of them to act alone), his
attorney-in-fact and agent, in all capacities, to execute and to file any
documents relating to the Registration Statement on Form N-1A under the
Investment Company Act of 1940 and under the Securities Act of 1933 of the
Trust, including any and all amendments thereto, covering the registration and
the sale of shares by the Trust, including all exhibits and any and all
documents required to be filed with respect thereto with any regulatory
authority, including applications for exemptive orders or rulings. Each of the
undersigned grants to each of said attorneys full authority to do every act
necessary to be done in order to effectuate the same as fully, to all intents
and purposes, as he could do if personally present, thereby ratifying all that
said attorneys-in-fact and agents may lawfully do or cause to be done by virtue
hereof.
The undersigned Trustees and Officers hereby execute this Power of Attorney
as of this 28th day of October, 1999.
/s/ Stephen C. Rogers /s/ Phillip W. McClanahan
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Stephen C. Rogers Phillip W. McClanahan
Principal Executive Officer Principal Financial and
Accounting Officer and Trustee
/s/ Harry Holmes /s/ John B. Sias
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Harry Holmes John B. Sias
Trustee Trustee
/s/ Guy Rounsaville, Jr.
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Guy Rounsaville, Jr.
Trustee
