<PAGE>
THE BUTTONWOOD FUNDS, INC.
POWER OF ATTORNEY
Rudolph C. Sander, whose signature appears below, does hereby
constitute and appoint Richardson T. Merriman and Barbara S. Wood, and either of
them, his true and lawful attorney and agent, with power of substitution or
resubstitution, to do any and all acts and things and to execute any and all
instruments which said attorney and agent may deem necessary or advisable or
which may be required to enable The Buttonwood Funds, Inc. (the "Company") to
comply with the Securities Act of 1933, as amended (the "1933 Act") and the
Investment Company Act of 1940, as amended (the "1940 Act"), and any rules,
regulations or requirements of the Securities and Exchange Commission in respect
thereof, in connection with the Company's Registration Statement on Form N-1A
pursuant to the 1933 Act and the 1940 Act, together with any and all amendments
thereto, 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 Chairman of the Company such Registration Statement and any and
all such amendments filed with the Securities and Exchange Commission under the
1933 Act and the 1940 Act, and any other instruments or documents related
thereto, and the undersigned does hereby ratify and confirm all that said
attorney and agent shall do or cause to be done by virtue hereof.
/s/Rudolph C. Sander
---------------------
Rudolph C. Sander
Date: 9-6-00
<PAGE>
THE BUTTONWOOD FUNDS, INC.
POWER OF ATTORNEY
Margaret M. Healy, whose signature appears below, does hereby
constitute and appoint Richardson T. Merriman and Barbara S. Wood, and either of
them, her true and lawful attorney and agent, with power of substitution or
resubstitution, to do any and all acts and things and to execute any and all
instruments which said attorney and agent may deem necessary or advisable or
which may be required to enable The Buttonwood Funds, Inc. (the "Company") to
comply with the Securities Act of 1933, as amended (the "1933 Act") and the
Investment Company Act of 1940, as amended (the "1940 Act"), and any rules,
regulations or requirements of the Securities and Exchange Commission in respect
thereof, in connection with the Company's Registration Statement on Form N-1A
pursuant to the 1933 Act and the 1940 Act, together with any and all amendments
thereto, 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 of the Company such Registration Statement and any and
all such amendments filed with the Securities and Exchange Commission under the
1933 Act and the 1940 Act, and any other instruments or documents related
thereto, and the undersigned does hereby ratify and confirm all that said
attorney and agent shall do or cause to be done by virtue hereof.
/s/Margaret M. Healy
---------------------
Margaret M. Healy
Date: 9-6-2000
<PAGE>
THE BUTTONWOOD FUNDS, INC.
POWER OF ATTORNEY
Collin F. McNeil, whose signature appears below, does hereby constitute
and appoint Richardson T. Merriman and Barbara S. Wood, and either of them, his
true and lawful attorney and agent, with power of substitution or
resubstitution, to do any and all acts and things and to execute any and all
instruments which said attorney and agent may deem necessary or advisable or
which may be required to enable The Buttonwood Funds, Inc. (the "Company") to
comply with the Securities Act of 1933, as amended (the "1933 Act") and the
Investment Company Act of 1940, as amended (the "1940 Act"), and any rules,
regulations or requirements of the Securities and Exchange Commission in respect
thereof, in connection with the Company's Registration Statement on Form N-1A
pursuant to the 1933 Act and the 1940 Act, together with any and all amendments
thereto, 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 of the Company such Registration Statement and any and
all such amendments filed with the Securities and Exchange Commission under the
1933 Act and the 1940 Act, and any other instruments or documents related
thereto, and the undersigned does hereby ratify and confirm all that said
attorney and agent shall do or cause to be done by virtue hereof.
/s/Collin F. McNeil
-------------------
Collin F. McNeil
Date: 9-7-00
<PAGE>
THE BUTTONWOOD FUNDS, INC.
POWER OF ATTORNEY
Charles E. Mather, III, whose signature appears below, does hereby
constitute and appoint Richardson T. Merriman and Barbara S. Wood, and either of
them, his true and lawful attorney and agent, with power of substitution or
resubstitution, to do any and all acts and things and to execute any and all
instruments which said attorney and agent may deem necessary or advisable or
which may be required to enable The Buttonwood Funds, Inc. (the "Company") to
comply with the Securities Act of 1933, as amended (the "1933 Act") and the
Investment Company Act of 1940, as amended (the "1940 Act"), and any rules,
regulations or requirements of the Securities and Exchange Commission in respect
thereof, in connection with the Company's Registration Statement on Form N-1A
pursuant to the 1933 Act and the 1940 Act, together with any and all amendments
thereto, 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 of the Company such Registration Statement and any and
all such amendments filed with the Securities and Exchange Commission under the
1933 Act and the 1940 Act, and any other instruments or documents related
thereto, and the undersigned does hereby ratify and confirm all that said
attorney and agent shall do or cause to be done by virtue hereof.
/s/Charles E. Mather, III
-------------------------
Charles E. Mather, III
Date: 9-6-00
<PAGE>
THE BUTTONWOOD FUNDS, INC.
POWER OF ATTORNEY
Barbara S. Wood, whose signature appears below, does hereby constitute
and appoint Richardson T. Merriman her true and lawful attorney and agent, with
power of substitution or resubstitution, to do any and all acts and things and
to execute any and all instruments which said attorney and agent may deem
necessary or advisable or which may be required to enable The Buttonwood Funds,
Inc. (the "Company") to comply with the Securities Act of 1933, as amended (the
"1933 Act") and the Investment Company Act of 1940, as amended (the "1940 Act"),
and any rules, regulations or requirements of the Securities and Exchange
Commission in respect thereof, in connection with the Company's Registration
Statement on Form N-1A pursuant to the 1933 Act and the 1940 Act, together with
any and all amendments thereto, 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 Treasurer of the Company such Registration
Statement and any and all such amendments filed with the Securities and Exchange
Commission under the 1933 Act and the 1940 Act, and any other instruments or
documents related thereto, and the undersigned does hereby ratify and confirm
all that said attorney and agent shall do or cause to be done by virtue hereof.
/s/Barbara S. Wood
-------------------
Barbara S. Wood
Date: 9-6-00
