EX-99.(M)(7) 15 0015.txt CLASS B AMENDMENT FEBRUARY 27, 2000 Exhibit (M)(7) NORTH AMERICAN FUNDS -------------------- DISTRIBUTION PLAN ----------------- CLASS B SHARES -------------- AMENDMENT made this 27th day of February, 2000 to the Class B Share Distribution Plan (the "Plan"), adopted in accordance with Rule 12b-1 under the Investment Company Act of 1940 by the North American Funds, a Massachusetts business trust (the "Fund"), with respect to the Class B shares of beneficial interest (the "Class B Shares") of the Fund's investment portfolios. In accordance with Section 6 of the Plan, the Plan shall be extended to the following additional investment portfolios established by the Fund: Mid Cap Value Fund Stock Index Fund Moderate Growth LifeStyle Fund Small Cap Index Fund Conservative Growth LifeStyle Fund Socially Responsible Fund Municipal Money Market Fund High Yield Bond Fund Science & Technology Fund Aggressive Growth LifeStyle Fund Josephthal Strategic Growth Fund The Amendment shall become effective with respect to the new portfolio in accordance with Section 6 of the Plan.