Exhibit 23(n)ii

                       IMPACT MANAGEMENT INVESTMENT TRUST
                                 JORDAN 25 FUND

                               Multiple Class Plan

          This  Multiple  Class Plan (the "Plan") has been adopted by a majority
of the Board of Trustees,  including a majority of the independent  trustees, of
Impact Management Investment Trust (the "Trust") on behalf of the Jordan 25 Fund
series of the Trust (the "Fund").  The Board has determined  that the Plan is in
the best interests of each Class of the Fund, and the Trust as a whole. The Plan
sets forth the provisions  relating to the  establishment of multiple classes of
shares for the Fund.

          1.   The Fund may offer  four  classes of  shares:  the Retail  Class,
Traditional Class, Wholesale Class and Institutional Class shares.

          The Retail Class shares are subject to Rule 12b-1 charges.  The Retail
Class  of  the  Fund  shall  reimburse  Equity  Assets  Management,   Inc.  (the
"Advisor"),  IMPACT Financial Network,  Inc., (the  "Distributor") or others for
all  expenses  incurred by such parties in the  promotion  and  distribution  of
shares of the  Retail  Class of the Fund,  including  but not  limited  to,  the
printing  of  prospectuses  and  reports  used for sales  purposes,  expenses of
preparation of sales literature and related expenses,  advertisements, and other
distribution-related  expenses, as well as any distribution or service fees paid
to securities dealers or others who have executed a servicing agreement with the
Trust on behalf of the Retail Class, or the Distributor, which form of agreement
has been  approved by the  Trustees,  including the  independent  trustees.  The
monies to be paid pursuant to any such servicing  agreement shall be used to pay
dealers or others for,  among other  things,  furnishing  personal  services and
maintaining  shareholder accounts,  which services include,  among other things,
assisting  in  establishing  and  maintaining  customer  accounts  and  records;
assisting with the purchase and redemption  requests;  arranging for bank wires;
monitoring  dividend  payments from the Fund on behalf of customers;  forwarding
certain  shareholder  communications  from the Fund to customers;  receiving and
answering  correspondence;  and aiding in  maintaining  the  investment of their
respective customers in the Retail Class.

          The maximum  aggregate  amount which may be  reimbursed  by the Retail
Class of the Trust to such parties shall be 1.00% per annum of the average daily
net assets of the Retail Class;  provided  however,  that payment made under any
servicing  agreement entered into by the Retail Class shall not exceed 0.25% per
annum of the average daily net assets of the Retail Class.

          The minimum initial investment for Retail Class shares is $1,000.

          2.   Traditional  Class shares are subject to Rule 12b-1 charges.  The
Traditional  Class of the Fund shall  reimburse the Advisor,  the Distributor or
others for all

                                       -1-


expenses incurred by such parties in the promotion and distribution of shares of
the Traditional Class of the Fund, including but not limited to, the printing of
prospectuses  and reports used for sales  purposes,  expenses of  preparation of
sales   literature   and   related   expenses,    advertisements,    and   other
distribution-related  expenses, as well as any distribution or service fees paid
to securities dealers or others who have executed a servicing agreement with the
Trust on behalf of the  Traditional  Class,  or the  Distributor,  which form of
agreement has been approved by the Trustees, including the independent trustees.
The monies to be paid pursuant to any such servicing  agreement shall be used to
pay dealers or others for, among other things,  furnishing personal services and
maintaining  shareholder accounts,  which services include,  among other things,
assisting  in  establishing  and  maintaining  customer  accounts  and  records;
assisting with the purchase and redemption  requests;  arranging for bank wires;
monitoring  dividend  payments from the Fund on behalf of customers;  forwarding
certain  shareholder  communications  from the Fund to customers;  receiving and
answering  correspondence;  and aiding in  maintaining  the  investment of their
respective customers in the Traditional Class.

          The  maximum   aggregate   amount  which  may  be  reimbursed  by  the
Traditional  Class of the Trust to such parties  shall be 0.25% per annum of the
average daily net assets of the Institutional Class.

          The minimum initial investment for Traditional Class shares is $1,000.
Traditional  Class  shares are priced with a maximum  front-end  sales charge of
5.75%.

          3.   Wholesale  Class  shares are subject to Rule 12b-1  charges.  The
Wholesale  Class of the Fund shall  reimburse the Advisor,  the  Distributor  or
others  for  all  expenses  incurred  by  such  parties  in  the  promotion  and
distribution  of shares of the  Wholesale  Class of the Fund,  including but not
limited to, the printing of  prospectuses  and reports used for sales  purposes,
expenses   of   preparation   of  sales   literature   and   related   expenses,
advertisements,   and  other  distribution-related  expenses,  as  well  as  any
distribution  or  service  fees paid to  securities  dealers  or others who have
executed a servicing  agreement with the Trust on behalf of the Wholesale Class,
or the  Distributor,  which form of agreement has been approved by the Trustees,
including the independent  trustees.  The monies to be paid pursuant to any such
servicing  agreement  shall be used to pay  dealers or others  for,  among other
things, furnishing personal services and maintaining shareholder accounts, which
services include, among other things,  assisting in establishing and maintaining
customer  accounts and  records;  assisting  with the  purchase  and  redemption
requests;  arranging for bank wires;  monitoring dividend payments from the Fund
on behalf of customers;  forwarding certain shareholder  communications from the
Fund to  customers;  receiving  and  answering  correspondence;  and  aiding  in
maintaining the investment of their respective customers in the Wholesale Class.

          The maximum  aggregate amount which may be reimbursed by the Wholesale
Class of the Trust to such parties shall be 0.25% per annum of the average daily
net assets of the Wholesale Class.

                                       -2-


          The minimum initial investment for Wholesale Class shares is $10,000.

          4.   Institutional  Class shares are not subject to Rule 12b-1 charges
or sales loads. The minimum initial investment for Institutional Class shares is
$250,000.

          5.   The  Trust's  Rule 12b-1  Plans  relating  to the  Retail  Class,
Traditional  Class and  Wholesale  Class  shares of the Fund  shall  operate  in
accordance  with the Conduct  Rules of the National  Association  of  Securities
Dealers, Inc.

          6.   The  only   difference  in  expenses  as  between  Retail  Class,
Traditional Class,  Wholesale Class and Institutional  Class shares shall relate
to sales  charges,  if any, and  differences  in the Rule 12b-1 Plan expenses of
each class, if any, as described in each Class's Rule 12b-1 Plan.

          7.   There shall be no conversion features associated with the Classes
of shares.

          8.   Each Class will vote  separately  with  respect to any Rule 12b-1
Plan related to the Class.

          9.   On an ongoing  basis,  the Trustees  pursuant to their  fiduciary
responsibilities  under the  Investment  Company Act of 1940,  as amended,  (the
"Act"), and otherwise,  will monitor the Trust for the existence of any material
conflicts  between  the  interests  of the  classes  of  shares.  The  Trustees,
including a majority of the independent  trustees,  shall take such action as is
reasonably  necessary  to eliminate  any such  conflict  that may  develop.  The
Advisor and the  Distributor  shall be responsible for alerting the Board to any
material conflicts that arise.

          10.  All  material  amendments  to this  Plan  must be  approved  by a
majority of the Trustees of the Trust,  including a majority of the Trustees who
are not "interested persons" of the Trust, as defined in the Act.

                                       -3-