THE UNIFIED FUNDS
TAXABLE MONEY MARKET FUND
MULTIPLE CLASS PLAN PURSUANT TO RULE 18f-3
ADOPTED AUGUST 15, 2000
This Multiple Class Plan (the "Plan") is adopted in accordance with
Rule 18f-3 (the "Rule") under the Investment Company Act of 1940, as amended
(the "Act") by The Unified Funds (the "Trust") on behalf of its Taxable Money
Market Fund series (the "Fund"). A majority of the Trustees, including a
majority of the Trustees who are not interested persons of the Trust (as defined
in the Act), having determined that the Plan is in the best interests of each
class of the Fund individually and of the Trust as a whole, have approved the
Plan.
The provisions of the Plan are:
1. General Description Of Classes. Each class of shares of the
Fund shall represent interests in the same portfolio of
investments of the Fund and shall be identical in all
respects, except that each class shall differ with respect to:
(i) distribution plans pursuant to Rule 12b-1 and shareholder
services plans (collectively, "Plans") adopted with respect to
the class; (ii) distribution and shareholders services, and
related expenses, as provided for in the Plans; (iii) such
differences relating to purchase minimums, eligible investors
and exchange privileges as may be set forth in the
prospectus(es) and statement(s) of additional information of
the Fund, as the same may be amended or supplemented from time
to time; and (iv) the designation of each class of Shares.
There currently are two classes designated: Class R and Class
Y.
a. Class R Shares are offered and sold at net asset
value, without initial sales charge. Class R Shares
are subject to maximum annual distribution expenses
of .10% of average daily net assets and annual
shareholder servicing expenses of .15% of average
daily net assets.
b. Class Y Shares are offered at net asset value,
without initial sales charge. Class Y Shares are not
subject to distribution or shareholder servicing
expenses.
2. Expense Allocations To Each Class.
a. In addition to the distribution and shareholder
servicing expenses described above, certain expenses
may be attributable to a particular class of shares
of the Fund ("Class Expenses"). Class Expenses are
charged directly to net assets of the class to which
the expense is attributed and are borne on a pro rata
basis by the outstanding shares of that class. Class
Expenses may include;
(i) distribution (12b-1) fees and shareholder
servicing expenses;
(ii) expenses incurred in connection with a
meeting of shareholders;
(iii) litigation expenses;
(iv) printing and postage expenses of
shareholders reports, prospectuses and
proxies to current shareholders of a
specific class;
(v) expenses of administrative personnel and
services required to support the
shareholders of a specific class;
(vi) transfer agent fees and expenses; and
(vii) such other expenses incurred by or
attributable to a specific class.
b. All other expenses of the Fund are allocated to each
class on the basis of the net asset value of that
class in relation to the net asset value of the Fund.
Notwithstanding the foregoing, the distributor or
adviser of the Fund may waive or reimburse the
expenses of a specific class or classes to the extent
permitted under the Rule.
3. Class Designation. Subject to the approval by the Trustees of
the Trust, the Fund may alter the nomenclature for the
designations of one or more of its classes of shares.
4. Additional Information. This plan is qualified by and subject
to the terms of the then current Prospectus for the applicable
class of shares; provided, however, that none of the terms set
forth in any such Prospectus shall be inconsistent with the
terms of this Plan. The Prospectus for each class contains
additional information about the class and the Fund's multiple
class structure.
5. Effective Date. This Plan is effective on the day before the
registration of Class R and Class Y shares of the Fund is
effective. This Plan may be terminated or amended at any time
with respect to the Fund or any class thereof by a majority of
the Trustees, including a majority of the Trustees who are not
interested persons of the Trust (as defined in the Act).
