The Wayne Michigan Trust Agreement is a legally binding document that outlines the terms and conditions of a trust established between Dean Witter Reynolds, Inc. and The Bank of New York. This particular trust agreement pertains specifically to the Select Equity Trust, a type of investment vehicle. The Select Equity Trust is designed to provide investors with the opportunity to invest in a diverse portfolio of equity securities. By pooling together funds from multiple investors, the trust aims to achieve long-term capital appreciation and income generation. The trust is managed by highly experienced professionals who carefully select and manage the securities in the portfolio. As part of the Wayne Michigan Trust Agreement, Dean Witter Reynolds, Inc. and The Bank of New York serve as the trustees responsible for managing the affairs of the trust in accordance with the agreed-upon terms. These terms include investment objectives, guidelines, and restrictions. The trustees have a fiduciary duty to act in the best interests of the trust beneficiaries and must exercise due diligence in making investment decisions. The Wayne Michigan Trust Agreement provides detailed provisions regarding the administration, operation, and distribution of the assets held within the Select Equity Trust. It outlines the rights and responsibilities of the trustees, including reporting requirements, fee structures, and potential conflicts of interest. In addition to the Wayne Michigan Trust Agreement, there may be other types of trust agreements between Dean Witter Reynolds, Inc. and The Bank of New York pertaining to different investment vehicles. These agreements could include names such as "Fixed Income Trust Agreement," "International Equity Trust Agreement," or "Real Estate Trust Agreement." Each agreement is specifically tailored to the unique characteristics and objectives of the respective investment vehicle. Overall, the Wayne Michigan Trust Agreement serves as the legal framework for the establishment and operation of the Select Equity Trust. It ensures that the trustees act prudently, transparently, and in the best interests of the trust beneficiaries. The agreement outlines the responsibilities, rights, and obligations of the parties involved and provides a clear roadmap for the management and success of the trust.