40-17G 1 rmicbond0108.txt RMIC DECLARATION AND ENDORSEMENT PAGES Chubb Group of Insurance Companies DECLARATIONS FINANCIAL INSTITUTION INVESTMENT 15 Mountain View Road, COMPANY ASSET PROTECTION BOND Warren, New Jersey 07059 -------------------------------------------------------------------------------- NAME OF ASSURED (including its Subsidiaries): Bond Number: 81522394 BARON INVESTMENT FUNDS TRUST & ALL SERIES THEREOF; and BARON SELECT FUNDS & ALL SERIES THEREOF VIGILANT INSURANCE COMPANY Incorporated under the laws 767 Fifth Avenue of New York a stock insurance New York, NY 10153 company herein called the COMPANY 55 Water Street New York NY 10041-2899 -------------------------------------------------------------------------------- ITEM 1. BOND PERIOD: from 12:01 a.m. on January 15, 2008 to 12:01 a.m. on January 15, 2009 ITEM 2. LIMITS OF LIABILITY--DEDUCTIBLE AMOUNTS: If "Not Covered" is inserted below opposite any specified INSURING CLAUSE, such INSURING CLAUSE and any other reference shall be deemed to be deleted. THERE SHALL BE NO DEDUCTIBLE APPLICABLE TO ANY LOSS UNDER INSURING CLAUSE 1. SUSTAINED BY ANY INVESTMENT COMPANY. DEDUCTIBLE INSURING CLAUSE LIMIT OF LIABILITY AMOUNT 1. Employee $ 6,000,000. $ 0. 2. On Premises $ 6,000,000. $ 25,000. 3. In Transit $ 6,000,000. $ 25,000. 4. Forgery or Alteration $ 6,000,000. $ 25,000. 5. Extended Forgery $ 6,000,000. $ 25,000. 6. Counterfeit Money $ 6,000,000. $ 25,000. 7. Threats to Person $ 6,000,000. $ 25,000. 8. Computer System $ 6,000,000. $ 25,000. 9. Voice Initiated Funds Transfer Instruction $ 6,000,000. $ 25,000. 10. Uncollectible Items of Deposit $ 500,000. $ 25,000. 11. Audit Expense $ 25,000. $ 0. 12. Telefacsimile Instruction Fraud $ 500,000. $ 25,000. 13. Extended Computer Systems Coverage $ 500,000. $ 25,000. 14. Unauthorized Signature Coverage $ 25,000. $ 10,000. ITEM 3. THE LIABILITY OF THE COMPANY IS ALSO SUBJECT TO THE TERMS OF THE FOLLOWING ENDORSEMENTS EXECUTED SIMULTANEOUSLY HEREWITH: Endorsement Nos.: 1 - 7 IN WITNESS WHEREOF, THE COMPANY has caused this Bond to be signed by its authorized officers, but it shall not be valid unless also signed by an authorized representative of the Company. /s/ W. Andrew Macan /s/ Thomas F. Motomed ------------------- ----------------------- Secretary President Countersigned by_________ /s/ Robert Hamburger -------------------------- Authorized Representative -------------------------------------------------------------------------------- ICAP Bond (5-98) - Vigilant Form 17-02-1422 (Ed. 5-98) Page 1 of 1 -------------------------------------------------------------------------------- VIGILANT INSURANCE COMPANY Endorsement No: 6 Bond Number: 81522394 NAME OF ASSURED: BARON INVESTMENT FUNDS TRUST & ALL SEREIES THEREOF; AND BARON SELECT FUNDS & ALL SERIES THEREOF -------------------------------------------------------------------------------- NAME OF ASSURED ENDORSEMENT It is agreed that the NAME OF ASSURED in the DECLARATIONS is amended to read as follows: Baron Investment Funds Trust Baron Asset Fund Baron Growth Fund Baron Small Cap Fund Baron iOpportunity Fund Baron Fifth Avenue Growth Fund Baron Select Funds Baron Partners Fund This Endorsement applies to loss discovered after 12:01 a.m. on January 15, 2008. ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED. Date: January 4, 2008 By /s/ Robert Hamburger --------------------- Authorized Representative ICAP Bond Form 17-02-0949 (Rev. 1-97) Page 1