Houston Texas Trust Agreement is a legal document drafted between Dean Witter Reynolds, Inc. and The Bank of New York, specifically pertaining to the Select Equity Trust. This agreement outlines the terms and conditions of the trust arrangement between the two entities, defining the roles, responsibilities, and obligations of each party involved. The Houston Texas Trust Agreement is a binding contract that establishes guidelines for managing the Select Equity Trust. It ensures that the assets held within the trust are properly administered and protected according to the specified provisions. This trust agreement includes several crucial clauses and sections, such as investment guidelines, distribution policies, and accountability requirements. It lays out the rules concerning the trust's investment strategy, determining parameters for asset allocation and potential diversification. Additionally, it outlines how the returns and earnings from the trust will be distributed and reinvested. The Houston Texas Trust Agreement also addresses the fiduciary duties held by both Dean Witter Reynolds, Inc. and The Bank of New York. This includes their obligation to act in the best interest of the beneficiaries and to exercise due diligence when making investment decisions. The agreement may also include provisions related to potential conflicts of interest and measures to mitigate them. The agreement may also specify various types of Select Equity Trusts within Houston Texas. These variations could include specific industry-focused trusts, regional or international trusts, or trusts catering to different investment strategies or risk profiles. Each type of trust may have its own unique terms and conditions tailored to its specific objectives and requirements. In conclusion, the Houston Texas Trust Agreement between Dean Witter Reynolds, Inc. and The Bank of New York regarding Select Equity Trust is a comprehensive and legally binding document ensuring proper management and protection of trust assets. The agreement establishes guidelines for investment, distribution, accountability, and fiduciary duties, while also recognizing the potential existence of different types of Select Equity Trusts within the Houston Texas region.