The Arkansas Trust Agreement Reference Trust Agreement between Dean Witter Reynolds, Inc. and The Bank of New York regarding Select Equity Trust is a legally binding document that governs the establishment and operation of a trust arrangement involving these two parties. This agreement outlines the responsibilities, rights, and obligations of both Dean Witter Reynolds, Inc. and The Bank of New York in relation to the Select Equity Trust. The Select Equity Trust is a specific type of trust designed for investment purposes. It allows individuals or entities to pool their financial resources with the aim of investing in a diversified portfolio of equity securities. The trust is managed by Dean Witter Reynolds, Inc., a reputable investment brokerage firm, while The Bank of New York serves as the trustee, responsible for safekeeping the trust's assets and ensuring compliance with legal and regulatory requirements. This trust agreement includes various provisions that address key aspects of the trust's operation. It outlines the powers and duties of both parties, such as investment decision-making, distributions of income and capital gains, and the appointment of a custodian for the trust's assets. The agreement also sets out the fee structure, indemnification provisions, and provisions for terminating or amending the trust. It is important to note that while the Arkansas Trust Agreement Reference Trust Agreement is specific to the arrangement between Dean Witter Reynolds, Inc. and The Bank of New York for the Select Equity Trust, there may be other types of trust agreements involving these parties. These agreements could relate to different investment strategies, such as fixed income trusts, real estate trusts, or international equity trusts. Each type of trust agreement would have its own specific terms and provisions tailored to the particular investment objectives and requirements of the trust.