Generating functions for a complete collection of symmetries of the mu
ltiphased averaged KdV equation are constructed. The isospectral gener
ating function has a potential form with one of the canonical basis ho
lomorphic differentials as a potential and possesses some remarkable p
roperties at double points of the hyperelliptic Riemann surface. A new
representation for the characteristic speeds of the Whitham-KdV hiera
rchy is obtained. A global solution to the Whitham system is construct
ed in an effective form for the case of smooth decreasing initial data
with a finite number of inflection points. The large time asymptotics
of this solution implies the single-phase limiting behaviour of the o
scillations to correlate with the asymptotic predictions of the Lax-Le
vermore theory.