Okla. Stat. tit. 60, § 60-175.55: Investment of trust assets by bank, trust company or

affiliate of bank or trust company.

A. A bank, trust company, or affiliate of a bank or trust

company which serves as a fiduciary, trustee, custodian, managing

agent, personal representative, or otherwise may invest and reinvest

assets that it maintains in its trust department or trust company in

the securities of any open-end or closed-end management investment

company or investment trust registered under the Investment Company

Act of 1940, 15 U.S.C., Section 80a-1 through 80a-64, as amended.

B. Any investment or reinvestment made pursuant to subsection A

of this section shall comply with the provisions of the Oklahoma

Uniform Prudent Investor Act.

C. A bank, trust company or an affiliate of a bank or trust

company which is providing services to an investment company or

investment trust as investment adviser, sponsor, distributor,

custodian, transfer agent, administrator, registrar, or otherwise

and who is receiving reasonable remuneration for such services, may

make investments and reinvestments pursuant to subsections A and B

of this section in said investment company or investment trust.

D. Any bank, trust company or affiliate of a bank or trust

company which makes investments or reinvestments pursuant to

subsection C of this section:

1. Shall not be required to reduce or waive its fees or charges

for services provided in connection with the investment and

management of funds it holds as fiduciary, trustee, custodian,

managing agent, personal representative, or otherwise because such

funds are invested, reinvested, or retained in an investment company

or investment trust so long as the total compensation paid,

including any fees or charges payable by the investment company or

investment trust in connection with the investment of such funds, is

reasonable; and

2. May receive fees in accordance with Rule 12b-1 of the

Investment Company Act of 1940, or similar fees, from the investment

company or investment trust in the same amount that would be paid by

such investment company or investment trust to any other party,

without reducing or waiving other fees it receives for serving as a

fiduciary, trustee, custodian, managing agent, personal

representative or otherwise. Any fees received by a bank, trust

company, or affiliate of a bank or trust company pursuant to this

paragraph shall be disclosed to the customer of such bank, trust

company, or affiliate of the bank or trust company.