The Washington Trust Agreement Reference Trust Agreement between Dean Witter Reynolds, Inc. and The Bank of New York regarding Select Equity Trust is a legally binding agreement that outlines the terms and conditions governing the establishment and management of the trust. The Select Equity Trust, as part of the Washington Trust Agreement Reference, is a type of trust established by Dean Witter Reynolds, Inc. and managed by The Bank of New York. This trust is specifically designed to invest in a diversified portfolio of equity securities and aims to provide long-term growth potential for its beneficiaries. The agreement outlines the roles and responsibilities of both parties involved. Dean Witter Reynolds, Inc. acts as the granter, providing the initial assets or funds to be placed in the trust, while The Bank of New York acts as the trustee, responsible for administering the trust in accordance with the terms specified. The trust agreement includes various provisions, such as investment objectives and guidelines, asset allocation strategies, and distribution policies. It may also outline the appointment of an investment advisor or the creation of an investment committee to oversee investment decisions made within the trust. Other types of Washington Trust Agreement Reference Trust Agreement may include: 1. Fixed-Income Trust Agreement: A type of trust that focuses primarily on investments in fixed-income securities such as bonds, treasury bills, or corporate debt instruments. This type of trust aims to provide a steady income stream for its beneficiaries. 2. Real Estate Trust Agreement: This trust agreement focuses on investments in real estate properties, including residential, commercial, or industrial properties. The trust aims to generate income through rental or lease agreements and capital appreciation of the properties. 3. Growth Equity Trust Agreement: A trust agreement that emphasizes investments in equities or stocks of companies with high growth potential. This type of trust aims to achieve significant capital appreciation over the long term. In summary, the Washington Trust Agreement Reference Trust Agreement between Dean Witter Reynolds, Inc. and The Bank of New York regarding Select Equity Trust is a comprehensive and legally binding agreement that establishes the terms and conditions for the creation and management of the trust. It provides investors with the opportunity to participate in a diversified portfolio of equity securities, aiming for long-term growth potential.