CHIEF EXECUTIVE OFFICER'S

                           RULE-30a-2(a) CERTIFICATION

I, Phillip N. Maisano, certify that:

    1.  I have reviewed this report on Form N-CSR of EACM Select Managers Equity
        Fund;

    2.  Based on my knowledge, this report does not contain any untrue statement
        of a material  fact or omit to state a material  fact  necessary to make
        the  statements  made,  in light of the  circumstances  under which such
        statements  were made, not misleading with respect to the period covered
        by this report;

    3.  Based on my knowledge,  the financial  statements,  and other  financial
        information  included in this  report,  fairly  present in all  material
        respects the financial condition,  results of operations, and changes in
        net assets,  of the registrant as of, and for, the periods  presented in
        this report;

    4.  The  registrant's  other  certifying  officer and I are  responsible for
        establishing  and  maintaining  disclosure  controls and  procedures (as
        defined in Rule 30a-3(c) under the  Investment  Company Act of 1940) for
        the registrant and have:

        (a) Designed such  disclosure  controls and  procedures,  or caused such
            disclosure   controls  and  procedures  to  be  designed  under  our
            supervision,  to ensure that  material  information  relating to the
            registrant,  including its consolidated subsidiaries,  is made known
            to us by others  within  those  entities,  particularly  during  the
            period in which this report is being prepared;

        (b) Evaluated the effectiveness of the registrant's  disclosure controls
            and  procedures and presented in this report our  conclusions  about
            the effectiveness of the disclosure controls and procedures, as of a
            date within 90 days prior to the filing date of this report based on
            such evaluation; and

        (c) Disclosed  in this  report any change in the  registrant's  internal
            control  over   financial   reporting   that  occurred   during  the
            registrant's  most  recent  fiscal  half-year  that  has  materially
            affected,   or  is  reasonably  likely  to  materially  affect,  the
            registrant's internal control over financial reporting; and




    5.  The registrant's  other  certifying  officer and I have disclosed to the
        registrant's  auditors and the audit committee of the registrant's board
        of directors:

        (a) All significant  deficiencies and material  weaknesses in the design
            or operation of internal control over financial  reporting which are
            reasonably  likely to adversely affect the  registrant's  ability to
            record, process, summarize, and report financial information; and

        (b) Any fraud,  whether or not  material,  that  involves  management or
            other  employees  who have a  significant  role in the  registrant's
            internal control over financial reporting.

Dated: February 24, 2004
                                        /s/ Phillip N. Maisano
                                   -------------------------------------
                                            Phillip N. Maisano
                                          Chief Executive Officer



                            CHIEF FINANCIAL OFFICER'S

                           RULE-30a-2(a) CERTIFICATION

I, Peter P. Gwiazdowski, certify that:

1.  I have  reviewed  this report on Form N-CSR of EACM Select  Managers  Equity
    Fund;

2.  Based on my knowledge,  this report does not contain any untrue statement of
    a  material  fact or omit to state a  material  fact  necessary  to make the
    statements made, in light of the  circumstances  under which such statements
    were made, not misleading with respect to the period covered by this report;

3.  Based  on my  knowledge,  the  financial  statements,  and  other  financial
    information included in this report, fairly present in all material respects
    the financial condition,  results of operations,  and changes in net assets,
    of the registrant as of, and for, the periods presented in this report;

4.  The  registrant's  other  certifying  officer  and  I  are  responsible  for
    establishing and maintaining  disclosure controls and procedures (as defined
    in  Rule  30a-3(c)  under  the  Investment  Company  Act of  1940)  for  the
    registrant and have:

    (a) Designed  such  disclosure  controls  and  procedures,  or  caused  such
        disclosure controls and procedures to be designed under our supervision,
        to  ensure  that  material   information  relating  to  the  registrant,
        including its consolidated  subsidiaries,  is made known to us by others
        within  those  entities,  particularly  during  the period in which this
        report is being prepared;

    (b) Evaluated the effectiveness of the registrant's  disclosure controls and
        procedures  and  presented  in this  report  our  conclusions  about the
        effectiveness  of the disclosure  controls and procedures,  as of a date
        within 90 days prior to the  filing  date of this  report  based on such
        evaluation; and

    (c) Disclosed in this report any change in the registrant's internal control
        over financial  reporting  that occurred  during the  registrant's  most
        recent fiscal half-year that has materially  affected,  or is reasonably
        likely to materially  affect,  the  registrant's  internal  control over
        financial reporting; and




5.  The  registrant's  other  certifying  officer  and I have  disclosed  to the
    registrant's  auditors and the audit committee of the registrant's  board of
    directors:

    (a) All significant  deficiencies  and material  weaknesses in the design or
        operation  of  internal  control  over  financial  reporting  which  are
        reasonably  likely to  adversely  affect  the  registrant's  ability  to
        record, process, summarize, and report financial information; and

    (b) Any fraud,  whether or not material,  that involves  management or other
        employees  who  have a  significant  role in the  registrant's  internal
        control over financial reporting.

Dated: February 24, 2004
                                     /s/ Peter P. Gwiazdowski
                                 -------------------------------------
                                         Peter P. Gwiazdowski
                                        Chief Financial Officer