The Franklin Ohio Trust Agreement is a legally binding document that outlines the terms and conditions between Dean Witter Reynolds, Inc. and The Bank of New York regarding the Select Equity Trust. This trust agreement serves as a reference point for the investment activities and management of the Select Equity Trust. The Select Equity Trust is a type of investment vehicle that allows investors to pool their funds and invest in a diversified portfolio of equity securities. Under the Franklin Ohio Trust Agreement, Dean Witter Reynolds, Inc. acts as the investment advisor, responsible for making strategic investment decisions on behalf of the trust. The Bank of New York, on the other hand, functions as the trustee, taking on the fiduciary responsibility of safeguarding the assets and managing the trust in accordance with the agreement. The trust agreement establishes various provisions and guidelines to govern the operation of the Select Equity Trust. It outlines details such as the investment objectives, investment restrictions, and the specific types of securities that can be included in the portfolio. The agreement also specifies the fees and compensation structure for both Dean Witter Reynolds, Inc. and The Bank of New York. Additionally, the Franklin Ohio Trust Agreement may include provisions related to the distribution of income and expenses, reporting requirements, and procedures for the termination or amendment of the trust. These provisions ensure transparency and accountability in the management of the Select Equity Trust. It is worth noting that there may be different types of Franklin Ohio Trust Agreement Reference Trust Agreements between Dean Witter Reynolds, Inc. and The Bank of New York regarding the Select Equity Trust. These variations could arise due to specific investment strategies, geographical focuses, or different client requirements. However, the core elements of the trust agreement, such as the roles of the investment advisor and trustee, investment objectives, and governance provisions, would likely remain consistent across these variations.