The Nassau New York Trust Agreement Reference Trust Agreement between Dean Witter Reynolds, Inc. and The Bank of New York is a legal document that governs the establishment and operation of the Select Equity Trust. This trust agreement outlines the rights and responsibilities of both parties involved in managing and administering the trust. The main purpose of the Nassau New York Trust Agreement Reference Trust Agreement is to provide a framework for investing in equity securities on behalf of the trust beneficiaries. It sets out the investment objectives, restrictions, and guidelines for the management of the trust assets. The agreement includes provisions outlining the scope of authority granted to Dean Witter Reynolds, Inc. as the investment manager for the trust. It details their responsibilities in selecting and managing the trust's portfolio, ensuring compliance with applicable laws and regulations, and reporting on the trust's performance. The Bank of New York, as the trustee, plays a vital role in overseeing the activities of the trust. The trustee ensures that the terms of the trust agreement are adhered to and acts as a fiduciary for the trust beneficiaries. They may also have responsibilities related to record-keeping, tax reporting, and distributing income to the beneficiaries. Within the context of the Nassau New York Trust Agreement Reference Trust Agreement, there might be different types of trust agreements named based on the particular investment strategy or beneficiary structure. For example, there could be multiple reference trust agreements specific to different investment portfolios managed by Dean Witter Reynolds, Inc. under the Select Equity Trust umbrella. Each reference trust agreement may have its own set of terms and objectives tailored to the specific needs of the trust beneficiaries. In conclusion, the Nassau New York Trust Agreement Reference Trust Agreement is a comprehensive legal document that establishes the framework for managing the Select Equity Trust. It sets out the rights and responsibilities of both Dean Witter Reynolds, Inc. and The Bank of New York and ensures proper administration of the trust assets for the benefit of the trust beneficiaries.