POWER OF ATTORNEY

         I, the undersigned  Trustee of The Wright Managed Income Trust,  hereby
constitute and appoint Peter M. Donovan,  Judith R. Corchard, Alan R. Dynner and
James L. O'Connor, and each of them acting singly, to be my true, sufficient and
lawful  attorneys,  with  full  power to each of them  and  each of them  acting
singly,  to sign for me, in my name and the capacities  indicated below, (i) any
Registration  Statement  on Form N-1A,  Form N-14,  N-2 or any other  applicable
registration form under the Investment  Company Act of 1940, as amended,  and/or
under the Securities Act of 1933, as amended, and any and all amendments thereto
filed by The Wright Managed Income Trust, (ii) any application,  notice or other
filings with the Securities and Exchange Commission, and (iii) any and all other
documents and papers relating thereto, and generally to do all such things in my
name and on behalf  of me in the  capacities  indicated  to  enable  The  Wright
Managed  Income  Trust to comply with the  Investment  Company  Act of 1940,  as
amended,  and the Securities  Act of 1933, as amended,  and  thereunder,  hereby
ratifying and  confirming my signature as it may be signed by said  attorneys or
each  of them to any and all  Registration  Statements  and  amendments  to said
Registration Statements.

         IN WITNESS  WHEREOF,  I have  hereunder set my hand on this 29th day of
October, 2004.

/s/ Peter M. Donovan                                /s/ H. Day Brigham, Jr.
- --------------------------------------              -----------------------
Peter M Donovan, President, Principal                H. Day Brigham, Jr.
Executive Officer and Trustee                        Trustee

                                                     /s/ Dorcas R. Hardy
- -------------------------                            ----------------------
James J. Clarke                                      Dorcas R. Hardy
Trustee                                              Trustee


/s/ Leland Miles                                      /s/ A. M. Moody III
- -------------------------                            --------------------------
Leland Miles                                         A. M. Moody III
Trustee                                              Trustee

/s/ James L. O'Connor                                /s/ Richard E. Taber
- -----------------------------------------            -----------------------
James L. O'Connor, Treasurer, Principal              Richard E. Taber
Financial and Accounting Officer                     Trustee