EX-99.(Q-1) 9 c46476_ex99q-1.txt THE ALGER FUNDS THE ALGER AMERICAN FUND THE ALGER INSTITUTIONAL FUNDS SPECTRA FUND CASTLE CONVERTIBLE FUND, INC. THE CHINA-U.S. GROWTH FUND POWER OF ATTORNEY Each person whose signature appears below hereby constitutes and appoints Hal Liebes, Lisa A. Moss and Barry J. Mullen, and each of them, with full power to act without the other, his/her true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him/her and in his/her name, place and stead, in any and all capacities (until revoked in writing) to sign any and all amendments to the above-referenced Funds' Registration Statements on Form N-1A or N-2, as applicable, (including post-effective amendments and amendments thereto), and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing ratifying and confirming all that said attorneys-in-fact and agents or any of them, or their or his/her substitute or substitutes, may lawfully do or cause to be done by virtue hereof. /s/ Daniel C. Chung President (Principal December 12, 2006 ------------------------------------ Executive Officer) Daniel C. Chung /s/ Frederick A. Blum Treasurer (Chief Financial December 12, 2006 ------------------------------------ and Accounting Officer) Frederick A. Blum /s/ Hilary M. Alger Board Member December 12, 2006 ------------------------------------ Hilary M. Alger /s/ Stephen E. O'Neil Board Member December 12, 2006 ------------------------------------ Stephen E. O'Neil /s/ Charles F. Baird, Jr. Board Member December 12, 2006 ------------------------------------ Charles F. Baird, Jr. /s/ Roger P. Cheever Board Member December 12, 2006 ------------------------------------ Roger P. Cheever /s/ Lester L. Colbert, Jr. Board Member December 12, 2006 ------------------------------------ Lester L. Colbert, Jr. /s/ Nathan E. Saint -Amand, M.D. Board Member December 12, 2006 ------------------------------------ Nathan E. Saint -Amand, M.D.