The Chicago Illinois Trust Agreement is a legally binding document that establishes a reference trust agreement between Dean Witter Reynolds, Inc. and The Bank of New York specifically related to the Select Equity Trust. This agreement outlines the terms and conditions governing the trust and defines the roles and responsibilities of the parties involved. In this agreement, Dean Witter Reynolds, Inc. acts as the trust or, entrusting The Bank of New York as the trustee to manage and administer the assets of the Select Equity Trust. The Trust Agreement is designed to ensure the prudent management, protection, and growth of these assets for the benefit of the trust's beneficiaries. The Select Equity Trust is a specific type of trust established under this agreement, which focuses on investing in equity securities. It provides an opportunity for investors to participate in a diversified portfolio of carefully selected stocks, aiming to achieve long-term capital appreciation. The Trust Agreement lays out the investment objectives, strategies, and guidelines for the Select Equity Trust, which are jointly developed by Dean Witter Reynolds and The Bank of New York. The Chicago Illinois Trust Agreement Reference Trust Agreement between Dean Witter Reynolds, Inc. and The Bank of New York regarding Select Equity Trust ensures transparency and accountability in the management of the trust's assets. It specifies reporting requirements, defines the trustee's rights and duties, outlines the compensation structure, and sets forth the procedures for dispute resolution. Overall, this trust agreement serves as a vital legal framework that governs the operations of the Select Equity Trust, providing a clear roadmap for its management, investment decisions, and administration.