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Exhibit 99.(p)
THE LAKE FOREST FUNDS
POWER OF ATTORNEY
KNOW ALL PEOPLE BY THESE PRESENTS, that the undersigned constitutes and
appoints Irving V. Boberski, Sheldon R. Stein and Arthur Don, and each of them,
his attorneys-in fact, each with the power of substitution, for him in any and
all capacities, to sign any post-effective amendments to the Company's
registration statement on Form N-1A under the Securities Act of 1933
(Registration No. 33-87494) and/or the Investment Company Act of 1940
(Registration No. 811-8906) on Form N-1A, and to file the same, with exhibits
thereto and other documents in connection therewith, with the Securities and
Exchange Commission and all appropriate state or federal regulatory authorities.
The undersigned hereby ratifies and confirms all that each of the aforenamed
attorneys-in-fact, or his or her substitute or substitutes, may do or cause to
be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney
as of the 16th day of September, 1999.
/s/ Kenneth J. Malek
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Kenneth J. Malek, Trustee
