Exhibit (16)
                                POWER OF ATTORNEY

         Each of the undersigned  Trustees and/or officers of The Wright Managed
Income Trust (the "Trust") acting  individually  hereby constitutes and appoints
Peter M. Donovan,  Judith R. Corchard,  A. M. Moody III and Barbara E. Campbell,
and each of them,  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, the Registration  Statement on Form N-14 of
the Trust  related to the  reorganization  of two  series of the Trust,  and any
amendments,  exhibits,  or supplements  thereto, and to file and/or withdraw the
same, with all other documents in connection therewith, with the U.S. Securities
and Exchange Commission, granting unto each said attorney-in-fact and agent full
power and authority to do and perform each and every act and thing requisite and
necessary to be done, as fully to all intents and purposes as he or she might or
could do in person in his or her  capacity  as a Trustee  and/or  officer of the
Trust, hereby ratifying and confirming all that each said  attorney-in-fact  and
agent, or his or her substitute or  substitutes,  may lawfully do or cause to be
done by virtue hereof.

         IN WITNESS WHEREOF,  each of the undersigned has executed this Power of
Attorney in the capacities indicated as of this 4th day of October, 2006.



/s/ Peter M. Donovan                          /s/ A. M. Moody III
- -------------------------                   -------------------------
Peter M Donovan, President,                   A. M. Moody III
Principal Executive Officer and               Trustee
Trustee

/s/ James J. Clarke                         /s/ Richard E. Taber
- -------------------------                   -------------------------
James J. Clarke                              Richard E. Taber
Trustee                                      Trustee

/s/ Dorcas R. Hardy                          /s/ Barbara E. Campbell
- -------------------------                   -------------------------
Dorcas R. Hardy                              Barbara E. Campbell
Trustee                                      Treasurer, Principal Financial
                                             and Accounting Officer