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Exhibit (j)(3)
POWER OF ATTORNEY
THE UNDERSIGNED, being all of the Directors of Centura Funds, Inc. (the
"Fund"), an open-ended management investment company, organized as a Maryland
corporation, do hereby constitute and appoint Joseph R. Fleming, Esq., Olivia
P. Adler, Esq., John Quillin, Curtis Barnes and George Stevens, Esq. and each
of them individually, our true and lawful attorneys and agents to take any and
all action and execute any and all instruments which said attorneys and agents
may deem necessary or advisable to enable the Fund to comply with:
(i) The Securities Act of 1933, as amended, and any rules,
regulations, orders or other requirements of the Securities and Exchange
Commission thereunder, in connection with the registration under such
Securities Act of 1933, as amended, of shares of beneficial interest of the
Fund to be offered by the Fund;
(ii) the Investment Company Act of 1940, as amended, and any rules,
regulations, orders or other requirements of the Securities and Exchange
Commission thereunder, in connection with the registration of the Fund under
the Investment Company Act of 1940, as amended; and
(iii) state securities and tax laws and any rules, regulations,
orders or other requirements of state securities and tax commissions, in
connection with the registration under state securities laws of the Fund and
with the registration under state securities laws of shares of beneficial
interest of the Fund to be offered by Fund;
including specifically but without limitation of the foregoing, power and
authority to sign the name of the Fund in its behalf and to affix its seal, and
to sign the name of such Director or officer in his or her behalf as such
Director or officer to any amendment or supplement (including post-effective
amendments) to the registration statement or statements, and to execute any
instruments or documents filed or to be filed as a part of or in connection
with compliance with state securities or tax laws; and the undersigned hereby
ratifies and confirms all that said attorneys and agents shall do or cause to
be done by virtue hereof.
This Power of Attorney may be executed in counterparts, all of which
taken together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the undersigned placed their hands as of the 23rd
day of August, 2000.
/s/ R. William Shauman _____________________________
---------------------- Nadeem Yousaf,
R. William Shauman, Treasurer of the Fund/
Director Principal Accounting Officer
