PILGRIM ADVISORY FUNDS, INC.
ARTICLES OF AMENDMENT
Pilgrim Advisory Funds, Inc., a Maryland corporation (hereinafter called
the "Corporation"), hereby certifies to the State Department of Assessments and
Taxation of Maryland that:
FIRST: The Charter of the Corporation is hereby amended further to provide
that the Corporation's "Pilgrim America Masters Asia-Pacific Equity Fund" series
is hereby redesignated the "Pilgrim Asia-Pacific Equity Fund."
SECOND: The foregoing amendment to the Articles of the Corporation was
approved by a majority of the entire Board of Directors of the Corporation; the
charter amendment is limited to changes expressly permitted by Section 2-605 of
Subtitle 6 of Title 2 of the Maryland General Corporation Law to be made without
action by stockholders, and the Corporation is registered as an open-end
investment company under the Investment Company Act of 1940, as amended.
THIRD: The undersigned Senior Vice President of the Corporation
acknowledges these articles of Amendment to be the corporate act of the
Corporation and states to the best of his knowledge, information and belief that
the matters and facts set forth in these Articles with respect to authorization
and approval are true in all material respects and that this statement is made
under the penalties of perjury.
IN WITNESS WHEREOF, the Corporation has caused these Articles of Amendment
to be signed and filed in its name and on its behalf by its Senior Vice
President, and witnessed by its Secretary, on the 20th day of September, 2000.
PILGRIM ADVISORY FUNDS, INC.
By: /s/ Michael J. Roland
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Michael J. Roland
Senior Vice President and Principal
Financial Officer
ATTEST:
/s/ James M. Hennessy
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James M. Hennessy
Senior Executive Vice President and Secretary
