The Allegheny Pennsylvania Trust Agreement is a legally binding agreement between Dean Witter Reynolds, Inc. and The Bank of New York, pertaining to the management and operation of the Select Equity Trust. This trust agreement outlines the terms and conditions under which the trust will be administered and the responsibilities of each party involved. The Select Equity Trust is a specific type of trust established to hold and manage a portfolio of equity investments. It is designed to provide investors with the opportunity to participate in the potential growth of various equities while diversifying risk. The trust agreement ensures that both Dean Witter Reynolds, Inc. and The Bank of New York fulfill their fiduciary duties and maintain the interest of the trust beneficiaries. Within the trust agreement, the parties may include various provisions, such as investment objectives, guidelines, and restrictions, which are tailored to the specific needs and goals of the trust. These guidelines provide a framework for the selection and management of equity investments, ensuring they align with the trust's objectives while adhering to applicable legal and regulatory requirements. Additionally, the Allegheny Pennsylvania Trust Agreement may include provisions relating to the compensation of both parties, indemnification, termination conditions, dispute resolution mechanisms, and any required reporting or disclosure obligations. These terms provide clarity and establish a framework for the smooth operation and governance of the Select Equity Trust. It is worth noting that the Allegheny Pennsylvania Trust Agreement may have several variations or supplemental agreements depending on the specific requirements of the trust or any subsequent changes in the investment strategy. Additional agreements may be made to address specific investment sectors, geographical preferences, investment style variations, or time-limited opportunities. In conclusion, the Allegheny Pennsylvania Trust Agreement is a comprehensive legal document governing the establishment, operation, and management of the Select Equity Trust between Dean Witter Reynolds, Inc. and The Bank of New York. It ensures that the interests of trust beneficiaries are protected and provides guidelines and obligations for the appropriate management of equity investments within the trust portfolio.