Exhibit 2(b)

                        Amendment No. 1 to the Bylaws of
                              The ASO Outlook Group



                  11.5.  RECORD  DATES.  For the  purposes  of  determining  the
         shareholders  who are  entitled  to vote or act at any  meeting  or any
         adjournment  thereof,  or who are  entitled  to receive  payment of any
         dividend or of any other  distribution,  the  Trustees may from time to
         time fix a time,  which  shall be not more than 90 days before the date
         of any  meeting  of  shareholders  or the date for the  payment  of any
         dividend  or of  any  other  distributions,  as  the  record  date  for
         determining the shareholders  having the right to notice of and to vote
         at such  meeting  and any  adjournment  thereof or the right to receive
         such dividend or  distribution,  and in such case only  shareholders of
         record on such  record date shall have such right  notwithstanding  any
         transfer of shares on the books of the Trust after the record date;  or
         without  fixing  such  record  date  the  Trustees  may for any of such
         purposes  close the  register or transfer  books for all of any part of
         such period.



Effective:  September 12, 1989