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Exhibit 3
____________________, 2000
BISYS Fund Services Limited Partnership
3435 Stelzer Road
Columbus, Ohio 43219
Re: Distribution Agreement dated June 2, 1997 by and
between LEADER Mutual Funds (formerly "Magna
Funds") and BISYS Fund Services Limited
Partnership (the "Agreement")
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Ladies and Gentlemen:
LEADER Mutual Funds (the "Trust") hereby notifies you that it has
established two additional series of shares, namely, the "LEADER Balanced Fund"
and the "LEADER Short-Term Bond Fund" (the "New Funds"). The Trust desires that
you serve as distributor of the assets of each New Fund under the terms of the
Agreement.
If you agree to so serve in such capacity for each New Fund, kindly
sign and return to the Trust the enclosed counterpart hereof, whereupon each New
Fund shall be deemed a "Fund" under the Agreement. This letter agreement shall
constitute an amendment to the Agreement and, as such, a binding agreement
between the Trust and you in accordance with its terms.
Very truly yours,
LEADER MUTUAL FUNDS
By__________________________________
Name:
Title:
The foregoing is hereby accepted and agreed:
BISYS FUND SERVICES LIMITED PARTNERSHIP
By__________________________________
Name:
Title:
