billion. Utilities Portfolio 05/31/97, as amended on 0.65% of the portion of the daily net assets not 05/01/98, 05/01/99, exceeding $500 million; 0.55% of the portion of 05/01/00 the daily net assets exceeding $500 million but not exceeding $1 billion; and 0.525% of the portion of the daily net assets exceeding $1 billion. ----------------------------------------------------------------------------------------------------------------------- MONEY MARKET FUNDS ----------------------------------------------------------------------------------------------------------------------- Active Assets California Tax-Free 05/31/97, as amended on 0.50% of the portion of the daily net assets not Trust 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion ----------------------------------------------------------------------------------------------------------------------- Active Assets Government Securities 05/31/97, as amended on 0.50% of the portion of the daily net assets not Trust 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------- Active Assets Institutional Government 03/08/02 0.15% of the daily net assets. Securities Trust On an ongoing basis, the Investment Manager has agreed under its Management Agreement with the Fund to assume Fund operating expenses (except for brokerage fees) to the extent that such operating expenses exceed on an annualized basis 0.20% of the average daily net assets of the Fund. This may reduce the investment management fee below 0.15% for the Fund. ----------------------------------------------------------------------------------------------------------------------- Page 11 of Schedule A ----------------------------------------------------------------------------------------------------------------------- EFFECTIVE DATE OF AGREEMENT AND ANY MONEY MARKET FUNDS AMENDMENTS INVESTMENT MANAGEMENT FEE ----------------------------------------------------------------------------------------------------------------------- Active Assets Institutional Money Trust 01/06/00 0.15% of the daily net assets. On an ongoing basis, the Investment Manager has agreed under its Management Agreement with the Fund to assume Fund operating expenses (except for brokerage fees) to the extent that such operating expenses exceed on an annualized basis 0.20% of the average daily net assets of the Fund. This may reduce the investment management fee below 0.15% for the Fund. ----------------------------------------------------------------------------------------------------------------------- Active Assets Money Trust 05/31/97, as amended on 0.50% of the portion of the daily net assets not 04/30/98, 05/01/99, exceeding $500 million; 0.425% of the portion of 05/01/01, 05/01/02 the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion; 0.249% of the portion of daily net assets exceeding $15 billion but not exceeding $17.5 billion; and 0.248% of the portion of daily net assets exceeding $17.5 billion but not exceeding $25 billion; and 0.247% of the portion of daily net assets exceeding $25 billion but not exceeding $30 billion; and 0.246% of the portion of daily net assets exceeding $30 billion. ----------------------------------------------------------------------------------------------------------------------- Active Assets Tax-Free Trust 05/31/97, as amended on 0.50% of the portion of the daily net assets not 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion; 0.249% of the portion of daily net assets exceeding $15 billion. ----------------------------------------------------------------------------------------------------------------------- Page 12 of Schedule A ----------------------------------------------------------------------------------------------------------------------- EFFECTIVE DATE OF AGREEMENT AND ANY MONEY MARKET FUNDS AMENDMENTS INVESTMENT MANAGEMENT FEE ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx California Tax-Free 05/31/97, as amended on 0.50% of the portion of the daily net assets not Daily Income Trust 04/30/98 exceeding 500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; and 0.25% of the portion of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx Liquid Asset Fund Inc. 05/31/97, as amended on 0.50% of the portion of the daily net assets not 04/30/98, 05/01/01, exceeding $500 million; 0.425% of the portion of 05/01/02 the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.35 billion; 0.325% of the portion of the daily net assets exceeding $1.35 billion but not exceeding $1.75 billion; 0.30% of the portion of the daily net assets exceeding $1.75 billion but not exceeding $2.15 billion; 0.275% of the portion of the daily net assets exceeding $2.15 billion but not exceeding $2.5 billion; 0.25% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $15 billion; 0.249% of the portion of the daily net assets exceeding $15 billion but not exceeding $17.5 billion; 0.248% of the portion of the daily net assets exceeding $17.5 billion but not exceeding $25 billion; 0.247% of the portion of the daily net assets exceeding $25 billion but not exceeding $30 billion; and 0.246% of the portion of daily net assets exceeding $30 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx New York Municipal Money 05/31/97, as amended on 0.50% of the portion of the daily net assets not Market Trust 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; and 0.25% of the portion of the daily net assets exceeding $3 billion. -----------------------------------------------------------------------------------------------------------------------

Appears in 13 contracts

Samples: Investment Management Agreement (Morgan Stanley Total Market Index Fund), Investment Management Agreement (Morgan Stanley Health Sciences Trust), Investment Management Agreement (Morgan Stanley International Value Equity Fund)

billion. ~~Utilities Portfolio~~ Xxxxxx Xxxxxxx Strategist Fund 05/31/97, as amended on ~~0.65~~0.60% of the portion of the daily net assets not 05/01/98, ~~05/01/99,~~ 05/01/00 exceeding $500 million; 0.55% of the portion of 05/01/00 the daily net assets exceeding $500 million but not exceeding $1 billion; and 0.525% of the portion of the daily net assets exceeding $1 billion. ----------------------------------------------------------------------------------------------------------------------- MONEY MARKET FUNDS ----------------------------------------------------------------------------------------------------------------------- Active Assets California Tax-Free 05/31/97, as amended on 0.50% of the portion of the daily net assets not Trust 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $~~750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $~~1 billion; ~~0.35~~0.50% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; ~~0.325~~0.475% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; ~~0.30~~0.45% of the portion of the daily net assets exceeding $2 billion but not exceeding $~~2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $~~3 billion; ~~0.25~~and 0.425% of the portion of the daily net assets exceeding $3 ~~billion~~ billion. ----------------------------------------------------------------------------------------------------------------------- ~~Active Assets Government Securities~~ Xxxxxx Xxxxxxx Total Market Index Fund 07/21/ 99, as amended on 0.20% of the daily net assets. 05/01/04 ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx Total Return Trust 06/28/99, as amended on 0.75% of the portion of daily net assets not 05/01/00, 05/01/01 exceeding $500 million; 0.725% of the portion of daily net assets exceeding $500 million but not exceeding $1 billion; and 0.70% of the portion of daily net assets exceeding $1 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx Utilities Fund 05/31/97, as amended on ~~0.50~~0.65% of the portion of the daily net assets not ~~Trust~~ 04/30/98 exceeding $500 million; ~~0.425~~0.55% of the portion of the daily net assets exceeding $500 million but not exceeding $~~750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $~~1 billion; ~~0.35~~0.525% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; ~~0.325~~0.50% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2.5 billion; 0.475% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3.5 billion; 0.45% of the portion of the daily net assets exceeding $3.5 but not exceeding $5 billion; and 0.425% of the daily net assets exceeding $5 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx Value-Added Market 05/31/97, as amended on 0.50% of the portion of the daily net assets not Series 05/01/98 exceeding $500 million; 0.45% of the portion of the daily net assets exceeding $500 million but not exceeding $1 billion; 0.425% of the portion of the daily net assets exceeding $1.0 billion but not exceeding $2.0 billion; and 0.40% of the portion of the daily net assets exceeding $2 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx Value Fund 07/22/98, as amended on 0.500% of the first $1 billion of daily net 05/01/02, 05/01/04 assets; ~~0.30~~0.450% of the second $1 billion of daily net assets; 0.400% of the third $1 billion of daily net assets; and 0.350% of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx Variable Investment Series- ----------------------------------------------------------------------------------------------------------------------- Page 9 of Schedule A ----------------------------------------------------------------------------------------------------------------------- EFFECTIVE DATE OF EQUITY, BALANCED AND ASSET AGREEMENT AND ALLOCATION FUNDS ANY AMENDMENTS INVESTMENT MANAGEMENT FEE ----------------------------------------------------------------------------------------------------------------------- - Aggressive Equity Portfolio 05/31/97, as amended on 0.75% of the daily net assets. 05/01/98, 05/01/99, 05/01/00 ----------------------------------------------------------------------------------------------------------------------- - Dividend Growth Portfolio 05/31/97, as amended on 0.625% of the portion of the daily net assets 05/01/98, 05/01/99, not exceeding $500 million; 0.50% of the portion 05/01/00 of the daily net assets exceeding $500 million but not exceeding $1 billion; 0.475% of the portion of the daily net assets exceeding $1.0 billion but not exceeding $2.0 billion; 0.45% of the portion of the daily net assets exceeding $2 billion but not exceeding $~~2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $~~3 billion; ~~0.25~~and 0.425% of the portion of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------- Active Assets Institutional Government 03/08/02 0.15% of the daily net assets. Securities Trust On an ongoing basis, the Investment Manager has agreed under its Management Agreement with the Fund to assume Fund operating expenses (except for brokerage fees) to the extent that such operating expenses exceed on an annualized basis 0.20% of the average daily net assets of the Fund. This may reduce the investment management fee below 0.15% for the Fund. ----------------------------------------------------------------------------------------------------------------------- Page 11 of Schedule A ----------------------------------------------------------------------------------------------------------------------- EFFECTIVE DATE OF AGREEMENT AND ANY MONEY MARKET FUNDS AMENDMENTS INVESTMENT MANAGEMENT FEE ----------------------------------------------------------------------------------------------------------------------- Active Assets Institutional Money Trust 01/06/00 0.15% of the daily net assets. On an ongoing basis, the Investment Manager has agreed under its Management Agreement with the Fund to assume Fund operating expenses (except for brokerage fees) to the extent that such operating expenses exceed on an annualized basis 0.20% of the average daily net assets of the Fund. This may reduce the investment management fee below 0.15% for the Fund. ----------------------------------------------------------------------------------------------------------------------- Active Assets Money Trust - Equity Portfolio 05/31/97, as amended on 0.50% of the portion of the daily net assets not ~~04/30/98~~05/01/98, 05/01/99, exceeding $~~500 million~~1 billion; ~~0.425~~0.475% of the portion of 05/01/01, 05/01/02 the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of 05/01/00 the daily net assets exceeding $1 billion but not exceeding $~~1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $~~2 billion; ~~0.30~~and 0.45% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion; 0.249% of the portion of daily net assets exceeding $15 billion but not exceeding $17.5 billion; and 0.248% of the portion of daily net assets exceeding $17.5 billion but not exceeding $25 billion; and 0.247% of the portion of daily net assets exceeding $25 billion but not exceeding $30 billion; and 0.246% of the portion of daily net assets exceeding $30 billion. ----------------------------------------------------------------------------------------------------------------------- ~~Active Assets Tax-Free Trust~~ - European Growth Portfolio 05/31/97, as amended on ~~0.50~~0.95% of the portion of the daily net assets not ~~04/30/98~~ 05/01/98, 05/01/99, exceeding $500 million; ~~0.425~~and 0.90% of the portion 05/01/00 of the daily net assets exceeding $500 ~~million but not exceeding $750~~ million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion; 0.249% of the portion of daily net assets exceeding $15 billion. ----------------------------------------------------------------------------------------------------------------------- Page 12 of Schedule A ----------------------------------------------------------------------------------------------------------------------- EFFECTIVE DATE OF AGREEMENT AND ANY MONEY MARKET FUNDS AMENDMENTS INVESTMENT MANAGEMENT FEE ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx California Tax-Free - Global Advantage Portfolio 05/31/97, as amended on ~~0.50~~0.65% of the daily net assets. 05/01/98, 05/01/99, 05/01/00 ----------------------------------------------------------------------------------------------------------------------- - Global Dividend Growth Portfolio 05/31/97, as amended on 0.75% of the portion of the daily net assets not Daily Income Trust 04/30/98 exceeding 500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not 05/01/98, 05/01/99, exceeding $1 billion; ~~0.35~~and 0.725% of the portion 05/01/00 of ~~the~~ daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; and 0.25% of the portion of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------- ~~Xxxxxx Xxxxxxx Liquid Asset Fund Inc.~~ - Income Builder Portfolio 05/31/97, as amended on ~~0.50~~0.75% ~~of the portion~~ of the daily net ~~assets not 04/30/98~~assets. 05/01/98, ~~05/01/01~~05/01/99, exceeding $500 million; 0.425% of the portion of 05/01/02 the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.35 billion; 0.325% of the portion of the daily net assets exceeding $1.35 billion but not exceeding $1.75 billion; 0.30% of the portion of the daily net assets exceeding $1.75 billion but not exceeding $2.15 billion; 0.275% of the portion of the daily net assets exceeding $2.15 billion but not exceeding $2.5 billion; 0.25% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $15 billion; 0.249% of the portion of the daily net assets exceeding $15 billion but not exceeding $17.5 billion; 0.248% of the portion of the daily net assets exceeding $17.5 billion but not exceeding $25 billion; 0.247% of the portion of the daily net assets exceeding $25 billion but not exceeding $30 billion; and 0.246% of the portion of daily net assets exceeding $30 billion. 05/01/00 ----------------------------------------------------------------------------------------------------------------------- ~~Xxxxxx Xxxxxxx New York Municipal Money~~ - Information Portfolio 05/31/97, as amended on ~~0.50~~0.75% ~~of the portion~~ of the daily net ~~assets not Market Trust 04/30/98 exceeding $500 million; 0.425~~assets. 05/01/98, 05/01/99, 05/01/00 ----------------------------------------------------------------------------------------------------------------------- - Pacific Growth Portfolio 05/31/97, as amended on 0.95% ~~of the portion~~ of the daily net ~~assets exceeding $~~assets. 05/01/98, 05/01/99, 05/01/00 ----------------------------------------------------------------------------------------------------------------------- - S&P 500 ~~million but not exceeding $750 million; 0.375~~Index Portfolio 05/31/97, as amended on 0.20% ~~of the portion~~ of the daily net ~~assets exceeding $750 million but not exceeding $1 billion; 0.35~~assets. 05/01/98, 05/01/99, 05/01/00, 05/01/04 The Investment Manager has agreed under its Management Agreement with the Fund to cap the Fund's operating expenses (except for brokerage and 12b-1 fees) by assuming the Fund's "other expenses" and/or waiving its management fees to the extent such operating expenses exceed on an annualized basis 0.40% of the ~~portion of the~~ average daily net assets ~~exceeding $1 billion but not exceeding $1.5 billion; 0.325~~of the Fund, which may reduce the investment management fee below 0.20% of the ~~portion of the~~ Fund's average daily net ~~assets exceeding $1.5 billion but not exceeding $2 billion; 0.30%~~ assets. ----------------------------------------------------------------------------------------------------------------------- Page 10 of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; and 0.25% of the portion of the daily net assets exceeding $3 billion. -----------------------------------------------------------------------------------------------------------------------Schedule A

Appears in 8 contracts

Samples: Investment Management Agreement (Morgan Stanley Limited Term Municipal Trust), Investment Management Agreement (Morgan Stanley Allocator Fund), Investment Management Agreement (Morgan Stanley California Quality Municipal Secu)

billion. ~~Utilities~~ Xxxxxx Xxxxxxx Variable Investment Series-- ----------------------------------------------------------------------------------------------------------------------------- - High Yield Portfolio 05/31/97, as amended on ~~0.65~~0.42% of the portion of daily net assets not 05/01/98, 05/01/99, exceeding $500 million; 0.345% of the portion of 05/01/00 daily net assets exceeding $500 million but not exceeding $750 million; 0.295% of the portion of daily net assets exceeding $750 million but not exceeding $1 billion; 0.27% of the portion of daily net assets exceeding $1 billion but not exceeding $2 billion; 0.245% of the portion of daily net assets exceeding $2 billion but not exceeding $3 billion; and 0.22% of the portion of daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------------- - Limited Duration Portfolio 05/31/97, as amended on 0.30% of the daily net assets. 05/01/98, 05/01/99, 05/01/00 ----------------------------------------------------------------------------------------------------------------------------- - Quality Income Plus Portfolio 05/31/97, as amended on 0.42% of the portion of the daily net assets not 05/01/98, 05/01/99, exceeding $500 million; ~~0.55~~0.35% of the portion of 05/01/00 the daily net assets exceeding $500 million but not exceeding $1 1.25 billion; and ~~0.525~~0.22% of the portion of the daily net assets exceeding $1 billion. ----------------------------------------------------------------------------------------------------------------------- MONEY MARKET FUNDS ----------------------------------------------------------------------------------------------------------------------- Active Assets California Tax-Free 05/31/97, as amended on 0.50% of the portion of the daily net assets not Trust 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion ----------------------------------------------------------------------------------------------------------------------- Active Assets Government Securities 05/31/97, as amended on 0.50% of the portion of the daily net assets not Trust 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------- Active Assets Institutional Government 03/08/02 0.15% of the daily net assets. Securities Trust On an ongoing basis, the Investment Manager has agreed under its Management Agreement with the Fund to assume Fund operating expenses (except for brokerage fees) to the extent that such operating expenses exceed on an annualized basis 0.20% of the average daily net assets of the Fund. This may reduce the investment management fee below 0.15% for the Fund. ----------------------------------------------------------------------------------------------------------------------- Page 11 of Schedule A ----------------------------------------------------------------------------------------------------------------------- EFFECTIVE DATE OF AGREEMENT AND ANY MONEY MARKET FUNDS AMENDMENTS INVESTMENT MANAGEMENT FEE ----------------------------------------------------------------------------------------------------------------------- Active Assets Institutional Money Trust 01/06/00 0.15% of the daily net assets. On an ongoing basis, the Investment Manager has agreed under its Management Agreement with the Fund to assume Fund operating expenses (except for brokerage fees) to the extent that such operating expenses exceed on an annualized basis 0.20% of the average daily net assets of the Fund. This may reduce the investment management fee below 0.15% for the Fund. ----------------------------------------------------------------------------------------------------------------------- Active Assets Money Trust 05/31/97, as amended on 0.50% of the portion of the daily net assets not 04/30/98, 05/01/99, exceeding $500 million; 0.425% of the portion of 05/01/01, 05/01/02 the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion; 0.249% of the portion of daily net assets exceeding $15 billion but not exceeding $17.5 billion; and 0.248% of the portion of daily net assets exceeding $17.5 billion but not exceeding $25 billion; and 0.247% of the portion of daily net assets exceeding $25 billion but not exceeding $30 billion; and 0.246% of the portion of daily net assets exceeding $30 billion. ----------------------------------------------------------------------------------------------------------------------- Active Assets Tax-Free Trust 05/31/97, as amended on 0.50% of the portion of the daily net assets not 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion; 0.249% of the portion of daily net assets exceeding $15 billion. ----------------------------------------------------------------------------------------------------------------------- Page 12 of Schedule A ----------------------------------------------------------------------------------------------------------------------- EFFECTIVE DATE OF AGREEMENT AND ANY MONEY MARKET FUNDS AMENDMENTS INVESTMENT MANAGEMENT FEE ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx California Tax-Free 05/31/97, as amended on 0.50% of the portion of the daily net assets not Daily Income Trust 04/30/98 exceeding 500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; and 0.25% of the portion of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx Liquid Asset Fund Inc. 05/31/97, as amended on 0.50% of the portion of the daily net assets not 04/30/98, 05/01/01, exceeding $500 million; 0.425% of the portion of 05/01/02 the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.35 billion; 0.325% of the portion of the daily net assets exceeding $1.35 billion but not exceeding $1.75 billion; 0.30% of the portion of the daily net assets exceeding $1.75 billion but not exceeding $2.15 billion; 0.275% of the portion of the daily net assets exceeding $2.15 billion but not exceeding $2.5 billion; 0.25% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $15 billion; 0.249% of the portion of the daily net assets exceeding $15 billion but not exceeding $17.5 billion; 0.248% of the portion of the daily net assets exceeding $17.5 billion but not exceeding $25 billion; 0.247% of the portion of the daily net assets exceeding $25 billion but not exceeding $30 billion; and 0.246% of the portion of daily net assets exceeding $30 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx New York Municipal Money 05/31/97, as amended on 0.50% of the portion of the daily net assets not Market Trust 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; and 0.25% of the portion of the daily net assets exceeding $3 billion. -----------------------------------------------------------------------------------------------------------------------1.25

Appears in 8 contracts

Samples: Investment Advisory Agreement (Morgan Stanley Value Fund), Investment Advisory Agreement (Morgan Stanley Tax Free Daily Income Trust), Investment Advisory Agreement (Morgan Stanley Fundamental Value Fund)

billion. ~~Utilities Portfolio 05/31/97~~----------------------------------------------------------------------------------------------------------------------------- EQUITY, BALANCED AND ASSET ALLOCATION EFFECTIVE DATE OF INVESTMENT ADVISORY FEE FUNDS AGREEMENT AND ANY AMENDMENTS ENTERED INTO PRIOR TO MAY 1, 2004 ----------------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx Total Market Index Fund 07/21/ 99, as amended on ~~0.65~~0.12% of the daily net assets. 05/01/04 The Investment Adviser has agreed to cap the Fund's operating expenses (except for brokerage and 12b-1 fees) by assuming the Fund's "other expenses" and/or waiving its fees under this Agreement and the Administration Agreement to the extent such operating expenses exceed on an annualized basis 0.40% of the average daily net assets of the Fund, which may reduce the fees under this Agreement and the Administration Agreement below 0.20% of the Fund's average daily net assets. ----------------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx Total Return Trust 06/28/99, as amended on 0.67% of the portion of ~~the~~ daily net assets not ~~05/01/98~~05/01/00, ~~05/01/99,~~ 05/01/01 exceeding $500 million; ~~0.55~~0.645% of the portion of ~~05/01/00 the~~ daily net assets exceeding $500 million but not exceeding $1 billion; and ~~0.525~~0.62% of the portion of ~~the~~ daily net assets exceeding $1 billion. ----------------------------------------------------------------------------------------------------------------------- MONEY MARKET FUNDS ----------------------------------------------------------------------------------------------------------------------- Active Assets California Tax-Free ----------------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx Utilities Fund 05/31/97, as amended on ~~0.50~~0.57% of the portion of ~~the~~ daily net assets not ~~Trust~~ 04/30/98 exceeding $500 million; ~~0.425~~0.47% of the portion of ~~the~~ daily net assets exceeding $500 million but not exceeding $~~750 million~~1 billion; ~~0.375~~0.445% of the portion of ~~the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the~~ daily net assets exceeding $1 billion but not exceeding $1.5 billion; ~~0.325~~0.42% of the portion of ~~the~~ daily net assets exceeding $1.5 billion but not exceeding $2 2.5 billion; ~~0.30~~0.395% of the portion of daily net assets exceeding $2.5 billion but not exceeding $3.5 billion; 0.37% of the portion of daily net assets exceeding $3.5 billion but not exceeding $5 billion; and 0.345% of the portion of daily net assets exceeding $5 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx Value-Added Market 05/31/97, as amended on 0.12% of the daily net assets. Series 05/01/98 ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx Value Fund 07/22/98, as amended on 0.42% of the portion of daily net assets not 05/01/02, 05/01/04 exceeding $1 billion; 0.37% of the portion of daily net assets exceeding $1 billion but not exceeding $2 billion; 0.32% of the portion of daily net assets exceeding $2 billion but not exceeding $~~2.5~~ 3 billion; ~~0.275~~and 0.27% of the portion of ~~the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the~~ daily net assets exceeding $3 ~~billion~~ billion. ----------------------------------------------------------------------------------------------------------------------- ~~Active Assets Government Securities~~ Xxxxxx Xxxxxxx Variable Investment Series- ----------------------------------------------------------------------------------------------------------------------- - Aggressive Equity Portfolio 05/31/97, as amended on ~~0.50~~0.67% of the portion of ~~the~~ daily net assets not ~~Trust 04/30/98~~ 05/01/98, 05/01/99, exceeding $500 million; ~~0.425~~0.645% of the portion of ~~the~~ 05/01/00 daily net assets exceeding $500 million but not exceeding $~~750 million~~2 billion; ~~0.375~~0.62% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $~~2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $~~3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------- Active Assets Institutional Government 03/08/02 0.15% of the daily net assets. Securities Trust On an ongoing basis, the Investment Manager has agreed under its Management Agreement with the Fund to assume Fund operating expenses (except for brokerage fees) to the extent that such operating expenses exceed on an annualized basis 0.20% of the average daily net assets of the Fund. This may reduce the investment management fee below 0.15% for the Fund. ----------------------------------------------------------------------------------------------------------------------- Page 11 of Schedule A ----------------------------------------------------------------------------------------------------------------------- EFFECTIVE DATE OF AGREEMENT AND ANY MONEY MARKET FUNDS AMENDMENTS INVESTMENT MANAGEMENT FEE ----------------------------------------------------------------------------------------------------------------------- Active Assets Institutional Money Trust 01/06/00 0.15% of the daily net assets. On an ongoing basis, the Investment Manager has agreed under its Management Agreement with the Fund to assume Fund operating expenses (except for brokerage fees) to the extent that such operating expenses exceed on an annualized basis 0.20% of the average daily net assets of the Fund. This may reduce the investment management fee below 0.15% for the Fund. ----------------------------------------------------------------------------------------------------------------------- Active Assets Money Trust 05/31/97, as amended on 0.50% of the portion of the daily net assets not 04/30/98, 05/01/99, exceeding $500 million; 0.425% of the portion of 05/01/01, 05/01/02 the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion; 0.249and 0.595% of the portion of daily net assets exceeding $15 billion but not exceeding $17.5 billion; and 0.248% of the portion of daily net assets exceeding $17.5 billion but not exceeding $25 billion; and 0.247% of the portion of daily net assets exceeding $25 billion but not exceeding $30 billion; and 0.246% of the portion of daily net assets exceeding $30 billion. ----------------------------------------------------------------------------------------------------------------------- Active Assets Tax-Free Trust 05/31/97, as amended on 0.50% of the portion of the daily net assets not 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion; 0.249% of the portion of daily net assets exceeding $15 billion. ----------------------------------------------------------------------------------------------------------------------- Page 12 of Schedule A ----------------------------------------------------------------------------------------------------------------------- EFFECTIVE DATE OF AGREEMENT AND ANY MONEY MARKET FUNDS AMENDMENTS INVESTMENT MANAGEMENT FEE ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx California Tax-Free 05/31/97, as amended on 0.50% of the portion of the daily net assets not Daily Income Trust 04/30/98 exceeding 500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; and 0.25% of the portion of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------- ~~Xxxxxx Xxxxxxx Liquid Asset Fund Inc. 05/31/97~~----------------------------------------------------------------------------------------------------------------------------- EQUITY, ~~as amended on 0.50% of the portion of the daily net assets not 04/30/98~~BALANCED AND ASSET ALLOCATION EFFECTIVE DATE OF INVESTMENT ADVISORY FEE FUNDS AGREEMENT AND ANY AMENDMENTS ENTERED INTO PRIOR TO MAY 1, 05/01/01, exceeding $500 million; 0.425% of the portion of 05/01/02 the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.35 billion; 0.325% of the portion of the daily net assets exceeding $1.35 billion but not exceeding $1.75 billion; 0.30% of the portion of the daily net assets exceeding $1.75 billion but not exceeding $2.15 billion; 0.275% of the portion of the daily net assets exceeding $2.15 billion but not exceeding $2.5 billion; 0.25% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $15 billion; 0.249% of the portion of the daily net assets exceeding $15 billion but not exceeding $17.5 billion; 0.248% of the portion of the daily net assets exceeding $17.5 billion but not exceeding $25 billion; 0.247% of the portion of the daily net assets exceeding $25 billion but not exceeding $30 billion; and 0.246% of the portion of daily net assets exceeding $30 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx New York Municipal Money 05/31/97, as amended on 0.50% of the portion of the daily net assets not Market Trust 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; and 0.25% of the portion of the daily net assets exceeding $3 billion. -----------------------------------------------------------------------------------------------------------------------2004 -----------------------------------------------------------------------------------------------------------------------------

Appears in 6 contracts

Samples: Investment Advisory Agreement (Morgan Stanley Balanced Income Fund), Investment Advisory Agreement (Morgan Stanley Value Fund), Investment Advisory Agreement (Morgan Stanley Tax Free Daily Income Trust)

billion. Utilities Portfolio 05/31/97, as amended on ~~0.65~~0.57% of the portion of ~~the~~ daily net assets not 05/01/98, 05/01/99, exceeding $500 million; ~~0.55~~0.47% of the portion of 05/01/00 ~~the~~ daily net assets exceeding $500 million but not exceeding $1 billion; ~~and 0.525~~0.445% of the portion of ~~the~~ daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.42% of the portion of daily net assets exceeding $1.5 billion but not exceeding $2.5 billion; 0.395% of the portion of daily net assets exceeding $2.5 billion but not exceeding $3.5 billion; 0.37% of the portion of daily net assets exceeding $3.5 billion but not exceeding $5 billion; and 0.345% of the portion of daily net assets exceeding $5 billion. ----------------------------------------------------------------------------------------------------------------------- MONEY MARKET FUNDS ----------------------------------------------------------------------------------------------------------------------- Active Assets California ~~Tax-Free~~ 05/31/97, as amended on ~~0.50~~0.45% of the portion of the daily net assets ~~not~~ Tax-Free Trust 04/30/98 not exceeding $500 million; ~~0.425~~0.375% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; ~~0.375~~0.325% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; ~~0.35~~0.30% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; ~~0.325~~0.275% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; ~~0.30~~0.25% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; ~~0.275~~0.225% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; ~~0.25~~and 0.20% of the portion of the daily net assets exceeding $3 billion ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------- EQUITY, BALANCED AND ASSET ALLOCATION EFFECTIVE DATE OF INVESTMENT ADVISORY FEE FUNDS AGREEMENT AND ANY AMENDMENTS ENTERED INTO PRIOR TO MAY 1, 2004 ----------------------------------------------------------------------------------------------------------------------------- Active Assets Government Securities 05/31/97, as amended on ~~0.50~~0.45% of the portion of the daily net assets ~~not~~ Trust 04/30/98 not exceeding $500 million; ~~0.425~~0.375% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; ~~0.375~~0.325% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; ~~0.35~~0.30% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; ~~0.325~~0.275% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; ~~0.30~~0.25% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; ~~0.275~~0.225% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; ~~0.25~~and 0.20% of the portion of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------- Active Assets Institutional Government 03/08/02 ~~0.15~~0.10% of the daily net assets. Securities Trust On an ongoing basis, the Investment ~~Manager~~ Adviser has agreed under ~~its Management~~ this Agreement with the Fund to assume Fund operating expenses (except for brokerage fees) to the extent that such operating expenses exceed on an annualized basis 0.20% of the average daily net assets of the Fund. This may reduce the ~~investment management fee~~ fees under this Agreement and the Administration Agreement below 0.15% for the Fund. ----------------------------------------------------------------------------------------------------------------------- Page 11 of Schedule A ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------- MONEY MARKET FUNDS EFFECTIVE DATE OF INVESTMENT ADVISORY FEE AGREEMENT AND ANY ~~MONEY MARKET FUNDS~~ AMENDMENTS ~~INVESTMENT MANAGEMENT FEE -----------------------------------------------------------------------------------------------------------------------~~ ----------------------------------------------------------------------------------------------------------------------------- Active Assets Institutional Money Trust 01/06/00 ~~0.15~~0.10% of the daily net assets. On an ongoing basis, the Investment ~~Manager~~ Adviser has agreed under ~~its Management~~ this Agreement with the Fund to assume Fund operating expenses (except for brokerage fees) to the extent that such operating expenses exceed on an annualized basis 0.20% of the average daily net assets of the Fund. This may reduce the ~~investment management fee~~ fees under this Agreement and the Administration Agreement below 0.15% for the Fund. ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------- MONEY MARKET FUNDS EFFECTIVE DATE OF INVESTMENT ADVISORY FEE AGREEMENT AND ANY AMENDMENTS ----------------------------------------------------------------------------------------------------------------------------- Active Assets Money Trust 05/31/97, as amended on ~~0.50~~0.45% of the portion of ~~the~~ daily net assets not 04/30/98, 05/01/99, exceeding $~~500~~ 250 million; ~~0.425~~0.375% of the portion of 05/01/01, 05/01/02 ~~the~~ daily net assets exceeding $~~500~~ 250 million but not exceeding $750 million; ~~0.375~~0.325% of the portion of ~~the~~ daily net assets exceeding $750 million but not exceeding $1 1.25 billion; ~~0.35~~0.30% of the portion of ~~the~~ daily net assets exceeding $1 1.25 billion but not exceeding $1.5 billion; ~~0.325~~0.275% of the portion of ~~the~~ daily net assets exceeding $1.5 billion but not exceeding $~~2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3~~ 1.75 billion; 0.25% of the portion of ~~the~~ daily net assets exceeding $3 1.75 billion but not exceeding $2.25 billion; ~~0.249~~0.225% of the portion of daily net assets exceeding $2.25 billion but not exceeding $2.75 billion; 0.20% of the portion of daily net assets exceeding $2.75 billion but not exceeding $15 billion; 0.199% of the portion of daily net assets exceeding $15 billion but not exceeding $17.5 billion; ~~and 0.248~~0.198% of the portion of daily net assets exceeding $17.5 billion but not exceeding $25 billion; ~~and 0.247~~0.197% of the portion of daily net assets exceeding $25 billion but not exceeding $30 billion; and ~~0.246~~0.196% of the portion of daily net assets exceeding $30 billion. ----------------------------------------------------------------------------------------------------------------------- Active Assets Tax-Free Trust 05/31/97, as amended on ~~0.50~~0.45% of the portion of the daily net assets 04/30/98 not ~~04/30/98~~ exceeding $500 million; ~~0.425~~0.375% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; ~~0.375~~0.325% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; ~~0.35~~0.30% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; ~~0.325~~0.275% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; ~~0.30~~0.25% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; ~~0.275~~0.225% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; ~~0.25~~0.20% of the portion of the daily net assets exceeding $3 billion but not exceeding $15 billion; ~~0.249~~and 0.199% of the portion of daily net assets exceeding $15 billion. ----------------------------------------------------------------------------------------------------------------------- ~~Page 12 of Schedule A -----------------------------------------------------------------------------------------------------------------------~~ ----------------------------------------------------------------------------------------------------------------------------- MONEY MARKET FUNDS EFFECTIVE DATE OF INVESTMENT ADVISORY FEE AGREEMENT AND ANY ~~MONEY MARKET FUNDS~~ AMENDMENTS ~~INVESTMENT MANAGEMENT FEE -----------------------------------------------------------------------------------------------------------------------~~ ----------------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx California ~~Tax-~~Tax- Free 05/31/97, as amended on ~~0.50~~0.45% of the portion of the daily ~~net assets not~~ exceeding $500 Daily Income Trust 04/30/98 ~~exceeding 500~~ million; ~~0.425~~0.375% ~~of the portion~~ of the daily net assets exceeding $500 million but not exceeding $750 million; ~~0.375~~0.325% of the portion of ~~the daily net assets~~ tts exceeding $750 million but not exceeding $1 billion; ~~0.35~~0.30% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; ~~0.325~~0.275% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; ~~0.30~~0.25% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; ~~0.275~~0.225% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; and ~~0.25~~0.20% of the portion of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx Liquid Asset Fund Inc. 05/31/97, as amended on ~~0.50~~0.45% of the portion of daily net assets not exceeding (Maryland Corporation) 04/30/98, 05/01/01, $250 million; 0.375% of the portion of daily net assets 05/01/02 exceeding $250 million but not exceeding $750 million; 0.325% of the portion of daily net assets exceeding $750 million but not exceeding $1.25 billion; 0.30% of the portion of daily net assets exceeding $1.25 billion but not exceeding $1.5 billion; 0.275% of the portion of daily net assets exceeding $1.5 billion but not exceeding $1.75 billion; 0.25% of the portion of daily net assets exceeding $1.75 billion but not exceeding $2.25 billion; 0.225% of the portion of daily net assets exceeding $2.25 billion but not exceeding $2.75 billion; 0.20% of the portion of daily net assets exceeding $2.75 billion but not exceeding $15 billion; 0.199% of the portion of daily net assets exceeding $15 billion but not exceeding $17.5 billion; 0.198% of the portion of daily net assets exceeding $17.5 billion but not exceeding $25 billion; 0.197% of the portion of daily net assets exceeding $25 billion but not exceeding $30 billion; and 0.196% of the portion of daily net assets exceeding $30 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx New York Municipal 05/31/97, as amended on 0.45% of the portion of the daily net assets Money Market Trust 04/30/98 not ~~04/30/98, 05/01/01,~~ exceeding $500 million; ~~0.425~~0.375% of the portion of ~~05/01/02~~ the daily net assets exceeding $500 million but not exceeding $750 million; ~~0.375~~0.325% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.35 billion; 0.325% of the portion of the daily net assets exceeding $1.35 billion but not exceeding $1.75 billion; 0.30% of the portion of the daily net assets exceeding $1.75 billion but not exceeding $2.15 billion; 0.275% of the portion of the daily net assets exceeding $2.15 billion but not exceeding $2.5 billion; 0.25% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $15 billion; 0.249% of the portion of the daily net assets exceeding $15 billion but not exceeding $17.5 billion; 0.248% of the portion of the daily net assets exceeding $17.5 billion but not exceeding $25 billion; 0.247% of the portion of the daily net assets exceeding $25 billion but not exceeding $30 billion; and 0.246% of the portion of daily net assets exceeding $30 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx New York Municipal Money 05/31/97, as amended on 0.50% of the portion of the daily net assets not Market Trust 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; ~~0.325~~0.275% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; ~~0.30~~0.25% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; ~~0.275~~0.225% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; and ~~0.25~~0.20% of the portion of the daily net assets exceeding $3 billion. ~~-----------------------------------------------------------------------------------------------------------------------~~----------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------- MONEY MARKET FUNDS EFFECTIVE DATE OF INVESTMENT ADVISORY FEE AGREEMENT AND ANY AMENDMENTS -----------------------------------------------------------------------------------------------------------------------------

Appears in 6 contracts

Samples: Investment Advisory Agreement (Morgan Stanley Fundamental Value Fund), Investment Advisory Agreement (Morgan Stanley Flexible Income Trust), Investment Advisory Agreement (Morgan Stanley Developing Growth Securities Trust)

billion. ~~Utilities~~ Global Dividend Growth Portfolio 05/31/97, as amended on ~~0.65~~0.67% of the portion of the daily net assets ~~not~~ 05/01/98, 05/01/99, ~~exceeding $500 million; 0.55% of the portion of 05/01/00 the daily net assets exceeding $500 million but~~ not exceeding $1 billion; ~~and 0.525~~0.645% of the portion of the daily net assets exceeding $1 billion. ----------------------------------------------------------------------------------------------------------------------- MONEY MARKET FUNDS ----------------------------------------------------------------------------------------------------------------------- Active Assets California Tax-Free 05/31/97, as amended on 0.50% of the portion of the daily net assets not Trust 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the 05/01/00 portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; ~~0.325~~0.62% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $~~2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $~~2.5 billion; ~~0.275~~0.595% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 3.5 billion; ~~0.25~~0.57% of the portion of the daily net assets exceeding $3 3.5 billion ----------------------------------------------------------------------------------------------------------------------- Active Assets Government Securities 05/31/97, as amended on 0.50% of the portion of the daily net assets but not ~~Trust 04/30/98~~ exceeding $~~500 million~~4.5 billion; ~~0.425~~and 0.545% of the portion of the daily net assets exceeding $~~500 million but not exceeding $750 million; 0.375~~4.5 billion. ----------------------------------------------------------------------------------------------------------------------- - Income Builder Portfolio 05/31/97, as amended on 0.67% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------- Active Assets Institutional Government 03/08/02 0.15% of the daily net assets. Securities Trust On an ongoing basis, the Investment Manager has agreed under its Management Agreement with the Fund to assume Fund operating expenses (except for brokerage fees) to the extent that such operating expenses exceed on an annualized basis 0.20% of the average daily net assets of the Fund. This may reduce the investment management fee below 0.15% for the Fund. ----------------------------------------------------------------------------------------------------------------------- Page 11 of Schedule A ----------------------------------------------------------------------------------------------------------------------- EFFECTIVE DATE OF AGREEMENT AND ANY MONEY MARKET FUNDS AMENDMENTS INVESTMENT MANAGEMENT FEE ----------------------------------------------------------------------------------------------------------------------- Active Assets Institutional Money Trust 01/06/00 0.15% of the daily net assets. On an ongoing basis, the Investment Manager has agreed under its Management Agreement with the Fund to assume Fund operating expenses (except for brokerage fees) to the extent that such operating expenses exceed on an annualized basis 0.20% of the average daily net assets of the Fund. This may reduce the investment management fee below 0.15% for the Fund. ----------------------------------------------------------------------------------------------------------------------- Active Assets Money Trust 05/31/97, as amended on 0.50% of the portion of the daily net assets not ~~04/30/98~~05/01/98, 05/01/99, exceeding $500 million; ~~0.425~~and 0.645% of the 05/01/00 portion of daily net assets exceeding $500 million. ----------------------------------------------------------------------------------------------------------------------- - Information Portfolio 05/31/97, as amended on 0.67% of the portion of ~~05/01/01~~daily net assets not 05/01/98, ~~05/01/02~~ 05/01/99, exceeding $500 million; 0.645% of the portion of 05/01/00 daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; ~~0.25% of the portion of the daily net assets exceeding $3 billion; 0.249~~and 0.62% of the portion of daily net assets exceeding $15 billion but not exceeding $17.5 billion; and 0.248% of the portion of daily net assets exceeding $17.5 billion but not exceeding $25 billion; and 0.247% of the portion of daily net assets exceeding $25 billion but not exceeding $30 billion; and 0.246% of the portion of daily net assets exceeding $30 billion. ----------------------------------------------------------------------------------------------------------------------- Active Assets Tax-Free Trust 05/31/97, as amended on 0.50% of the portion of the daily net assets not 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion; 0.249% of the portion of daily net assets exceeding $15 billion. ----------------------------------------------------------------------------------------------------------------------- Page 12 of Schedule A ----------------------------------------------------------------------------------------------------------------------- EFFECTIVE DATE OF AGREEMENT AND ANY MONEY MARKET FUNDS AMENDMENTS INVESTMENT MANAGEMENT FEE ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx California Tax-Free 05/31/97, as amended on 0.50% of the portion of the daily net assets not Daily Income Trust 04/30/98 exceeding 500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; and 0.25% of the portion of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------- ~~Xxxxxx Xxxxxxx Liquid Asset Fund Inc. 05/31/97~~----------------------------------------------------------------------------------------------------------------------------- EQUITY, ~~as amended on 0.50% of the portion of the daily net assets not 04/30/98~~BALANCED AND ASSET ALLOCATION EFFECTIVE DATE OF INVESTMENT ADVISORY FEE FUNDS AGREEMENT AND ANY AMENDMENTS ENTERED INTO PRIOR TO MAY 1, 05/01/01, exceeding $500 million; 0.425% of the portion of 05/01/02 the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.35 billion; 0.325% of the portion of the daily net assets exceeding $1.35 billion but not exceeding $1.75 billion; 0.30% of the portion of the daily net assets exceeding $1.75 billion but not exceeding $2.15 billion; 0.275% of the portion of the daily net assets exceeding $2.15 billion but not exceeding $2.5 billion; 0.25% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $15 billion; 0.249% of the portion of the daily net assets exceeding $15 billion but not exceeding $17.5 billion; 0.248% of the portion of the daily net assets exceeding $17.5 billion but not exceeding $25 billion; 0.247% of the portion of the daily net assets exceeding $25 billion but not exceeding $30 billion; and 0.246% of the portion of daily net assets exceeding $30 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx New York Municipal Money 05/31/97, as amended on 0.50% of the portion of the daily net assets not Market Trust 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; and 0.25% of the portion of the daily net assets exceeding $3 billion. -----------------------------------------------------------------------------------------------------------------------2004 -----------------------------------------------------------------------------------------------------------------------------

Appears in 6 contracts

Samples: Investment Advisory Agreement (Morgan Stanley Tax Free Daily Income Trust), Investment Advisory Agreement (Morgan Stanley Value Fund), Investment Advisory Agreement (Morgan Stanley Flexible Income Trust)

billion. Balanced Growth Portfolio 05/31/97, as amended on 0.52% of the portion of daily net assets not 03/02/98, 05/01/98, exceeding $500 million; and 0.495% of the 05/10/00 portion of daily net assets exceeding $500 million. ----------------------------------------------------------------------------------------------------------------------------- - Capital Opportunities Portfolio 05/31/97, as amended on 0.67% of the portion of daily net assets not exceeding $500 03/02/98, 05/01/98, million; 0.645% of the portion of daily net assets exceeding 05/01/00 $500 million but not exceeding $2 billion; 0.62% of the portion of daily net assets exceeding $2 billion but not exceeding $3 billion; and 0.595% of the portion of daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------------- - Developing Growth Portfolio 05/31/97, as amended on 0.42% of the portion of daily net assets not 03/02/98, 05/01/98, exceeding $500 million; and 0.395% of the 05/01/00 portion of daily net assets exceeding $500 million. ----------------------------------------------------------------------------------------------------------------------------- - Dividend Growth Portfolio 05/31/97, as amended on 0.545% of the portion of daily net assets 03/02/98, 05/01/98, not exceeding $250 million; 0.42% of the 05/01/00 portion of daily net assets exceeding $250 million but not exceeding $1 billion; 0.395% of the portion of daily net assets exceeding $1 billion but not exceeding $2 billion; and 0.37% of the portion of daily net assets exceeding $2 billion. ----------------------------------------------------------------------------------------------------------------------------- - Global Equity Portfolio 05/31/97, as amended on 0.92% of the daily net assets. 03/02/98, 05/01/98, 05/01/00 ----------------------------------------------------------------------------------------------------------------------------- - Growth Portfolio 05/31/97, as amended on 0.50% of the portion of daily net assets not 03/02/98, 05/01/98, exceeding $1 billion; 0.45% of the portion 05/01/00 of daily net assets exceeding $1 billion but not exceeding $2 billion; 0.40% of the portion of daily net assets exceeding $2 billion but not exceeding $3 billion; and 0.35% of the portion of daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------------- EQUITY, BALANCED AND ASSET ALLOCATION EFFECTIVE DATE OF INVESTMENT ADVISORY FEE FUNDS AGREEMENT AND ANY AMENDMENTS ENTERED INTO PRIOR TO MAY 1, 2004 ----------------------------------------------------------------------------------------------------------------------------- - Utilities Portfolio 05/31/97, as amended on ~~0.65~~0.57% of the portion of ~~the~~ daily net assets not 03/02/98, 05/01/98~~, 05/01/99~~, exceeding $500 million; ~~0.55~~0.47% of the portion 05/01/00 of ~~05/01/00 the~~ daily net assets exceeding $500 million but not exceeding $1 billion; ~~and 0.525~~0.445% of the portion of the daily net assets exceeding $1 billion. ----------------------------------------------------------------------------------------------------------------------- MONEY MARKET FUNDS ----------------------------------------------------------------------------------------------------------------------- Active Assets California Tax-Free 05/31/97, as amended on 0.50% of the portion of the daily net assets not Trust 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; ~~0.325~~0.42% of the portion of ~~the~~ daily net assets exceeding $1.5 billion but not exceeding $2 2.5 billion; ~~0.30~~0.395% of the portion of ~~the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the~~ daily net assets exceeding $2.5 billion but not exceeding $3 3.5 billion; 0.25% of the portion of the daily net assets exceeding $3 billion ----------------------------------------------------------------------------------------------------------------------- Active Assets Government Securities 05/31/97, as amended on 0.50% of the portion of the daily net assets not Trust 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------- Active Assets Institutional Government 03/08/02 0.15% of the daily net assets. Securities Trust On an ongoing basis, the Investment Manager has agreed under its Management Agreement with the Fund to assume Fund operating expenses (except for brokerage fees) to the extent that such operating expenses exceed on an annualized basis 0.20% of the average daily net assets of the Fund. This may reduce the investment management fee below 0.15% for the Fund. ----------------------------------------------------------------------------------------------------------------------- Page 11 of Schedule A ----------------------------------------------------------------------------------------------------------------------- EFFECTIVE DATE OF AGREEMENT AND ANY MONEY MARKET FUNDS AMENDMENTS INVESTMENT MANAGEMENT FEE ----------------------------------------------------------------------------------------------------------------------- Active Assets Institutional Money Trust 01/06/00 0.15% of the daily net assets. On an ongoing basis, the Investment Manager has agreed under its Management Agreement with the Fund to assume Fund operating expenses (except for brokerage fees) to the extent that such operating expenses exceed on an annualized basis 0.20% of the average daily net assets of the Fund. This may reduce the investment management fee below 0.15% for the Fund. ----------------------------------------------------------------------------------------------------------------------- Active Assets Money Trust 05/31/97, as amended on 0.50% of the portion of the daily net assets not 04/30/98, 05/01/99, exceeding $500 million; 0.425% of the portion of 05/01/01, 05/01/02 the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion; 0.2490.37% of the portion of daily net assets exceeding $15 3.5 billion but not exceeding $~~17.5~~ 5 billion; and ~~0.248~~0.345% of the portion of daily net assets exceeding $~~17.5 billion but not exceeding $25~~ 5 billion; and 0.247% of the portion of daily net assets exceeding $25 billion but not exceeding $30 billion; and 0.246% of the portion of daily net assets exceeding $30 billion. ----------------------------------------------------------------------------------------------------------------------- Active Assets Tax-Free Trust 05/31/97, as amended on 0.50% of the portion of the daily net assets not 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion; 0.249% of the portion of daily net assets exceeding $15 billion. ----------------------------------------------------------------------------------------------------------------------- Page 12 of Schedule A ----------------------------------------------------------------------------------------------------------------------- EFFECTIVE DATE OF AGREEMENT AND ANY MONEY MARKET FUNDS AMENDMENTS INVESTMENT MANAGEMENT FEE ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx California Tax-Free 05/31/97, as amended on 0.50% of the portion of the daily net assets not Daily Income Trust 04/30/98 exceeding 500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; and 0.25% of the portion of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx Liquid Asset Fund Inc. 05/31/97, as amended on 0.50% of the portion of the daily net assets not 04/30/98, 05/01/01, exceeding $500 million; 0.425% of the portion of 05/01/02 the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.35 billion; 0.325% of the portion of the daily net assets exceeding $1.35 billion but not exceeding $1.75 billion; 0.30% of the portion of the daily net assets exceeding $1.75 billion but not exceeding $2.15 billion; 0.275% of the portion of the daily net assets exceeding $2.15 billion but not exceeding $2.5 billion; 0.25% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $15 billion; 0.249% of the portion of the daily net assets exceeding $15 billion but not exceeding $17.5 billion; 0.248% of the portion of the daily net assets exceeding $17.5 billion but not exceeding $25 billion; 0.247% of the portion of the daily net assets exceeding $25 billion but not exceeding $30 billion; and 0.246% of the portion of daily net assets exceeding $30 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx New York Municipal Money 05/31/97, as amended on 0.50% of the portion of the daily net assets not Market Trust 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; and 0.25% of the portion of the daily net assets exceeding $3 billion. -----------------------------------------------------------------------------------------------------------------------.

Appears in 6 contracts

Samples: Investment Advisory Agreement (Morgan Stanley Fundamental Value Fund), Investment Advisory Agreement (Morgan Stanley Balanced Income Fund), Investment Advisory Agreement (Morgan Stanley Value Fund)

billion. ~~Utilities Portfolio~~ Xxxxxx Xxxxxxx Strategist Fund 05/31/97, as amended on ~~0.65~~0.60% of the portion of the daily net assets not 05/01/98, ~~05/01/99,~~ 05/01/00 exceeding $500 million; 0.55% of the portion of 05/01/00 the daily net assets exceeding $500 million but not exceeding $1 billion; and 0.525% of the portion of the daily net assets exceeding $1 billion. ----------------------------------------------------------------------------------------------------------------------- MONEY MARKET FUNDS ----------------------------------------------------------------------------------------------------------------------- Active Assets California Tax-Free 05/31/97, as amended on 0.50% of the portion of the daily net assets not Trust 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $~~750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $~~1 billion; ~~0.35~~0.50% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; ~~0.325~~0.475% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; ~~0.30~~0.45% of the portion of the daily net assets exceeding $2 billion but not exceeding $~~2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $~~3 billion; ~~0.25~~and 0.425% of the portion of the daily net assets exceeding $3 ~~billion~~ billion. ----------------------------------------------------------------------------------------------------------------------- ~~Active Assets Government Securities~~ Xxxxxx Xxxxxxx Total Market Index Fund 07/21/ 99, as amended on 0.20% of the daily net assets. 05/01/04 ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx Total Return Trust 06/28/99, as amended on 0.75% of the portion of daily net assets not 05/01/00, 05/01/01 exceeding $500 million; 0.725% of the portion of daily net assets exceeding $500 million but not exceeding $1 billion; and 0.70% of the portion of daily net assets exceeding $1 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx Utilities Fund 05/31/97, as amended on ~~0.50~~0.65% of the portion of the daily net assets not ~~Trust~~ 04/30/98 exceeding $500 million; ~~0.425~~0.55% of the portion of the daily net assets exceeding $500 million but not exceeding $~~750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $~~1 billion; ~~0.35~~0.525% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; ~~0.325~~0.50% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2.5 billion; 0.475% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3.5 billion; 0.45% of the portion of the daily net assets exceeding $3.5 but not exceeding $5 billion; and 0.425% of the daily net assets exceeding $5 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx Value-Added Market 05/31/97, as amended on 0.50% of the portion of the daily net assets not Series 05/01/98 exceeding $500 million; 0.45% of the portion of the daily net assets exceeding $500 million but not exceeding $1 billion; 0.425% of the portion of the daily net assets exceeding $1.0 billion but not exceeding $2.0 billion; and 0.40% of the portion of the daily net assets exceeding $2 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx Value Fund 07/22/98, as amended on 0.500% of the first $1 billion of daily net 05/01/02, 05/01/04 assets; ~~0.30~~0.450% of the second $1 billion of daily net assets; 0.400% of the third $1 billion of daily net assets; and 0.350% of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx Variable Investment Series- ----------------------------------------------------------------------------------------------------------------------- Page 9 of Schedule A ----------------------------------------------------------------------------------------------------------------------- EFFECTIVE DATE OF EQUITY, BALANCED AND ASSET AGREEMENT AND ALLOCATION FUNDS ANY AMENDMENTS INVESTMENT MANAGEMENT FEE ----------------------------------------------------------------------------------------------------------------------- - Aggressive Equity Portfolio 05/31/97, as amended on 0.75% of the daily net assets. 05/01/98, 05/01/99, 05/01/00 ----------------------------------------------------------------------------------------------------------------------- - Dividend Growth Portfolio 05/31/97, as amended on 0.625% of the portion of the daily net assets 05/01/98, 05/01/99, not exceeding $500 million; 0.50% of the portion 05/01/00 of the daily net assets exceeding $500 million but not exceeding $1 billion; 0.475% of the portion of the daily net assets exceeding $1.0 billion but not exceeding $2.0 billion; 0.45% of the portion of the daily net assets exceeding $2 billion but not exceeding $~~2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $~~3 billion; ~~0.25~~and 0.425% of the portion of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------- Active Assets Institutional Government 03/08/02 0.15% of the daily net assets. Securities Trust On an ongoing basis, the Investment Manager has agreed under its Management Agreement with the Fund to assume Fund operating expenses (except for brokerage fees) to the extent that such operating expenses exceed on an annualized basis 0.20% of the average daily net assets of the Fund. This may reduce the investment management fee below 0.15% for the Fund. ----------------------------------------------------------------------------------------------------------------------- Page 11 of Schedule A ----------------------------------------------------------------------------------------------------------------------- EFFECTIVE DATE OF AGREEMENT AND ANY MONEY MARKET FUNDS AMENDMENTS INVESTMENT MANAGEMENT FEE ----------------------------------------------------------------------------------------------------------------------- Active Assets Institutional Money Trust 01/06/00 0.15% of the daily net assets. On an ongoing basis, the Investment Manager has agreed under its Management Agreement with the Fund to assume Fund operating expenses (except for brokerage fees) to the extent that such operating expenses exceed on an annualized basis 0.20% of the average daily net assets of the Fund. This may reduce the investment management fee below 0.15% for the Fund. ----------------------------------------------------------------------------------------------------------------------- Active Assets Money Trust - Equity Portfolio 05/31/97, as amended on 0.50% of the portion of the daily net assets not ~~04/30/98~~05/01/98, 05/01/99, exceeding $~~500 million~~1 billion; ~~0.425~~0.475% of the portion of 05/01/01, 05/01/02 the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of 05/01/00 the daily net assets exceeding $1 billion but not exceeding $~~1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $~~2 billion; ~~0.30~~and 0.45% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion; 0.249% of the portion of daily net assets exceeding $15 billion but not exceeding $17.5 billion; and 0.248% of the portion of daily net assets exceeding $17.5 billion but not exceeding $25 billion; and 0.247% of the portion of daily net assets exceeding $25 billion but not exceeding $30 billion; and 0.246% of the portion of daily net assets exceeding $30 billion. ----------------------------------------------------------------------------------------------------------------------- ~~Active Assets Tax-Free Trust~~ - European Growth Portfolio 05/31/97, as amended on ~~0.50~~0.95% of the portion of the daily net assets not ~~04/30/98~~ 05/01/98, 05/01/99, exceeding $500 million; ~~0.425~~and 0.90% of the portion 05/01/00 of the daily net assets exceeding $500 ~~million but not exceeding $750~~ million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion; 0.249% of the portion of daily net assets exceeding $15 billion. ----------------------------------------------------------------------------------------------------------------------- Page 12 of Schedule A ----------------------------------------------------------------------------------------------------------------------- EFFECTIVE DATE OF AGREEMENT AND ANY MONEY MARKET FUNDS AMENDMENTS INVESTMENT MANAGEMENT FEE ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx California Tax-Free - Global Advantage Portfolio 05/31/97, as amended on ~~0.50~~0.65% of the daily net assets. 05/01/98, 05/01/99, 05/01/00 ----------------------------------------------------------------------------------------------------------------------- - Global Dividend Growth Portfolio 05/31/97, as amended on 0.75% of the portion of the daily net assets not Daily Income Trust 04/30/98 exceeding 500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not 05/01/98, 05/01/99, exceeding $1 billion; ~~0.35~~and 0.725% of the portion 05/01/00 of ~~the~~ daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; and 0.25% of the portion of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------- ~~Xxxxxx Xxxxxxx Liquid Asset Fund Inc.~~ - Income Builder Portfolio 05/31/97, as amended on ~~0.50~~0.75% ~~of the portion~~ of the daily net ~~assets not 04/30/98~~assets. 05/01/98, ~~05/01/01~~05/01/99, exceeding $500 million; 0.425% of the portion of 05/01/02 the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.35 billion; 0.325% of the portion of the daily net assets exceeding $1.35 billion but not exceeding $1.75 billion; 0.30% of the portion of the daily net assets exceeding $1.75 billion but not exceeding $2.15 billion; 0.275% of the portion of the daily net assets exceeding $2.15 billion but not exceeding $2.5 billion; 0.25% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $15 billion; 0.249% of the portion of the daily net assets exceeding $15 billion but not exceeding $17.5 billion; 0.248% of the portion of the daily net assets exceeding $17.5 billion but not exceeding $25 billion; 0.247% of the portion of the daily net assets exceeding $25 billion but not exceeding $30 billion; and 0.246% of the portion of daily net assets exceeding $30 billion. 05/01/00 ----------------------------------------------------------------------------------------------------------------------- ~~Xxxxxx Xxxxxxx New York Municipal Money~~ - Information Portfolio 05/31/97, as amended on ~~0.50~~0.75% ~~of the portion~~ of the daily net ~~assets not Market Trust 04/30/98 exceeding $500 million; 0.425~~assets. 05/01/98, 05/01/99, 05/01/00 ----------------------------------------------------------------------------------------------------------------------- - Pacific Growth Portfolio 05/31/97, as amended on 0.95% ~~of the portion~~ of the daily net ~~assets exceeding $~~assets. 05/01/98, 05/01/99, 05/01/00 ----------------------------------------------------------------------------------------------------------------------- - S&P 500 ~~million but not exceeding $750 million; 0.375~~Index Portfolio 05/31/97, as amended on 0.20% ~~of the portion~~ of the daily net ~~assets exceeding $750 million but not exceeding $1 billion; 0.35~~assets. 05/01/98, 05/01/99, 05/01/00, 05/01/04 The Investment Manager has agreed under its Management Agreement with the Fund to cap the Fund's operating expenses (except for brokerage and 12b-1 fees) by assuming the Fund's "other expenses" and/or waiving its management fees to the extent such operating expenses exceed on an annualized basis 0.40% of the ~~portion of the~~ average daily net assets ~~exceeding $1 billion but not exceeding $1.5 billion; 0.325~~of the Fund, which may reduce the investment management fee below 0.20% of the ~~portion of the~~ Fund's average daily net ~~assets exceeding $1.5 billion but not exceeding $2 billion; 0.30%~~ assets. ----------------------------------------------------------------------------------------------------------------------- Page 10 of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; and 0.25% of the portion of the daily net assets exceeding $3 billion. Schedule A ----------------------------------------------------------------------------------------------------------------------- EFFECTIVE DATE OF EQUITY, BALANCED AND ASSET AGREEMENT AND ALLOCATION FUNDS ANY AMENDMENTS INVESTMENT MANAGEMENT FEE -----------------------------------------------------------------------------------------------------------------------

Appears in 5 contracts

Samples: Investment Management Agreement (Morgan Stanley International Value Equity Fund), Investment Management Agreement (Morgan Stanley Total Return Trust), Investment Management Agreement (Morgan Stanley S&p 500 Index Fund)

billion. ~~Utilities~~ Global Dividend Growth Portfolio 05/31/97, as amended on ~~0.65~~0.67% of the portion of the daily net assets ~~not~~ 05/01/98, 05/01/99, ~~exceeding $500 million; 0.55% of the portion of 05/01/00 the daily net assets exceeding $500 million but~~ not exceeding $1 billion; ~~and 0.525~~0.645% of the portion of the daily net assets exceeding $1 billion. ----------------------------------------------------------------------------------------------------------------------- MONEY MARKET FUNDS ----------------------------------------------------------------------------------------------------------------------- Active Assets California Tax-Free 05/31/97, as amended on 0.50% of the portion of the daily net assets not Trust 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the 05/01/00 portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; ~~0.325~~0.62% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $~~2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $~~2.5 billion; ~~0.275~~0.595% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 3.5 billion; ~~0.25~~0.57% of the portion of the daily net assets exceeding $3 3.5 billion ----------------------------------------------------------------------------------------------------------------------- Active Assets Government Securities 05/31/97, as amended on 0.50% of the portion of the daily net assets but not ~~Trust 04/30/98~~ exceeding $~~500 million~~4.5 billion; ~~0.425~~and 0.545% of the portion of the daily net assets exceeding $~~500 million but not exceeding $750 million; 0.375~~4.5 billion. ----------------------------------------------------------------------------------------------------------------------- - Income Builder Portfolio 05/31/97, as amended on 0.67% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------- Active Assets Institutional Government 03/08/02 0.15% of the daily net assets. Securities Trust On an ongoing basis, the Investment Manager has agreed under its Management Agreement with the Fund to assume Fund operating expenses (except for brokerage fees) to the extent that such operating expenses exceed on an annualized basis 0.20% of the average daily net assets of the Fund. This may reduce the investment management fee below 0.15% for the Fund. ----------------------------------------------------------------------------------------------------------------------- Page 11 of Schedule A ----------------------------------------------------------------------------------------------------------------------- EFFECTIVE DATE OF AGREEMENT AND ANY MONEY MARKET FUNDS AMENDMENTS INVESTMENT MANAGEMENT FEE ----------------------------------------------------------------------------------------------------------------------- Active Assets Institutional Money Trust 01/06/00 0.15% of the daily net assets. On an ongoing basis, the Investment Manager has agreed under its Management Agreement with the Fund to assume Fund operating expenses (except for brokerage fees) to the extent that such operating expenses exceed on an annualized basis 0.20% of the average daily net assets of the Fund. This may reduce the investment management fee below 0.15% for the Fund. ----------------------------------------------------------------------------------------------------------------------- Active Assets Money Trust 05/31/97, as amended on 0.50% of the portion of the daily net assets not ~~04/30/98~~05/01/98, 05/01/99, exceeding $500 million; ~~0.425~~and 0.645% of the 05/01/00 portion of daily net assets exceeding $500 million. ----------------------------------------------------------------------------------------------------------------------- - Information Portfolio 05/31/97, as amended on 0.67% of the portion of ~~05/01/01~~daily net assets not 05/01/98, ~~05/01/02~~ 05/01/99, exceeding $500 million; 0.645% of the portion of 05/01/00 daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; ~~0.25% of the portion of the daily net assets exceeding $3 billion; 0.249~~and 0.62% of the portion of daily net assets exceeding $15 billion but not exceeding $17.5 billion; and 0.248% of the portion of daily net assets exceeding $17.5 billion but not exceeding $25 billion; and 0.247% of the portion of daily net assets exceeding $25 billion but not exceeding $30 billion; and 0.246% of the portion of daily net assets exceeding $30 billion. ----------------------------------------------------------------------------------------------------------------------- Active Assets Tax-Free Trust 05/31/97, as amended on 0.50% of the portion of the daily net assets not 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion; 0.249% of the portion of daily net assets exceeding $15 billion. ----------------------------------------------------------------------------------------------------------------------- Page 12 of Schedule A ----------------------------------------------------------------------------------------------------------------------- EFFECTIVE DATE OF AGREEMENT AND ANY MONEY MARKET FUNDS AMENDMENTS INVESTMENT MANAGEMENT FEE ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx California Tax-Free 05/31/97, as amended on 0.50% of the portion of the daily net assets not Daily Income Trust 04/30/98 exceeding 500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; and 0.25% of the portion of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------- ~~Xxxxxx Xxxxxxx Liquid Asset Fund Inc. 05/31/97~~</TABLE> 11 ----------------------------------------------------------------------------------------------------------------------------- EQUITY, ~~as amended on 0.50% of the portion of the daily net assets not 04/30/98~~BALANCED AND ASSET ALLOCATION EFFECTIVE DATE OF INVESTMENT ADVISORY FEE FUNDS AGREEMENT AND ANY AMENDMENTS ENTERED INTO PRIOR TO MAY 1, 05/01/01, exceeding $500 million; 0.425% of the portion of 05/01/02 the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.35 billion; 0.325% of the portion of the daily net assets exceeding $1.35 billion but not exceeding $1.75 billion; 0.30% of the portion of the daily net assets exceeding $1.75 billion but not exceeding $2.15 billion; 0.275% of the portion of the daily net assets exceeding $2.15 billion but not exceeding $2.5 billion; 0.25% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $15 billion; 0.249% of the portion of the daily net assets exceeding $15 billion but not exceeding $17.5 billion; 0.248% of the portion of the daily net assets exceeding $17.5 billion but not exceeding $25 billion; 0.247% of the portion of the daily net assets exceeding $25 billion but not exceeding $30 billion; and 0.246% of the portion of daily net assets exceeding $30 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx New York Municipal Money 05/31/97, as amended on 0.50% of the portion of the daily net assets not Market Trust 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; and 0.25% of the portion of the daily net assets exceeding $3 billion. -----------------------------------------------------------------------------------------------------------------------2004 -----------------------------------------------------------------------------------------------------------------------------

Appears in 2 contracts

Samples: Investment Advisory Agreement (Morgan Stanley Growth Fund), Investment Advisory Agreement (Morgan Stanley Information Fund)

billion. Utilities Portfolio 05/31/97, as amended on ~~0.65~~0.57% of the portion of ~~the~~ daily net assets not 05/01/98, 05/01/99, exceeding $500 million; ~~0.55~~0.47% of the portion of 05/01/00 ~~the~~ daily net assets exceeding $500 million but not exceeding $1 billion; ~~and 0.525~~0.445% of the portion of ~~the~~ daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.42% of the portion of daily net assets exceeding $1.5 billion but not exceeding $2.5 billion; 0.395% of the portion of daily net assets exceeding $2.5 billion but not exceeding $3.5 billion; 0.37% of the portion of daily net assets exceeding $3.5 billion but not exceeding $5 billion; and 0.345% of the portion of daily net assets exceeding $5 billion. ----------------------------------------------------------------------------------------------------------------------- MONEY MARKET FUNDS ----------------------------------------------------------------------------------------------------------------------- Active Assets California ~~Tax-Free~~ 05/31/97, as amended on ~~0.50~~0.45% of the portion of the daily net assets ~~not~~ Tax-Free Trust 04/30/98 not exceeding $500 million; ~~0.425~~0.375% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; ~~0.375~~0.325% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; ~~0.35~~0.30% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; ~~0.325~~0.275% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; ~~0.30~~0.25% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; ~~0.275~~0.225% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; ~~0.25~~and 0.20% of the portion of the daily net assets exceeding $3 billion ----------------------------------------------------------------------------------------------------------------------- </TABLE> 12 ----------------------------------------------------------------------------------------------------------------------------- EQUITY, BALANCED AND ASSET ALLOCATION EFFECTIVE DATE OF INVESTMENT ADVISORY FEE FUNDS AGREEMENT AND ANY AMENDMENTS ENTERED INTO PRIOR TO MAY 1, 2004 ----------------------------------------------------------------------------------------------------------------------------- Active Assets Government Securities 05/31/97, as amended on ~~0.50~~0.45% of the portion of the daily net assets ~~not~~ Trust 04/30/98 not exceeding $500 million; ~~0.425~~0.375% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; ~~0.375~~0.325% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; ~~0.35~~0.30% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; ~~0.325~~0.275% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; ~~0.30~~0.25% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; ~~0.275~~0.225% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; ~~0.25~~and 0.20% of the portion of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------- Active Assets Institutional Government 03/08/02 ~~0.15~~0.10% of the daily net assets. Securities Trust On an ongoing basis, the Investment ~~Manager~~ Adviser has agreed under ~~its Management~~ this Agreement with the Fund to assume Fund operating expenses (except for brokerage fees) to the extent that such operating expenses exceed on an annualized basis 0.20% of the average daily net assets of the Fund. This may reduce the ~~investment management fee~~ fees under this Agreement and the Administration Agreement below 0.15% for the Fund. ----------------------------------------------------------------------------------------------------------------------- Page 11 of Schedule A ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------- MONEY MARKET FUNDS EFFECTIVE DATE OF INVESTMENT ADVISORY FEE AGREEMENT AND ANY ~~MONEY MARKET FUNDS~~ AMENDMENTS ~~INVESTMENT MANAGEMENT FEE -----------------------------------------------------------------------------------------------------------------------~~ ----------------------------------------------------------------------------------------------------------------------------- Active Assets Institutional Money Trust 01/06/00 ~~0.15~~0.10% of the daily net assets. On an ongoing basis, the Investment ~~Manager~~ Adviser has agreed under ~~its Management~~ this Agreement with the Fund to assume Fund operating expenses (except for brokerage fees) to the extent that such operating expenses exceed on an annualized basis 0.20% of the average daily net assets of the Fund. This may reduce the ~~investment management fee~~ fees under this Agreement and the Administration Agreement below 0.15% for the Fund. ----------------------------------------------------------------------------------------------------------------------- </TABLE> 13 ----------------------------------------------------------------------------------------------------------------------------- MONEY MARKET FUNDS EFFECTIVE DATE OF INVESTMENT ADVISORY FEE AGREEMENT AND ANY AMENDMENTS ----------------------------------------------------------------------------------------------------------------------------- Active Assets Money Trust 05/31/97, as amended on ~~0.50~~0.45% of the portion of ~~the~~ daily net assets not 04/30/98, 05/01/99, exceeding $~~500~~ 250 million; ~~0.425~~0.375% of the portion of 05/01/01, 05/01/02 ~~the~~ daily net assets exceeding $~~500~~ 250 million but not exceeding $750 million; ~~0.375~~0.325% of the portion of ~~the~~ daily net assets exceeding $750 million but not exceeding $1 1.25 billion; ~~0.35~~0.30% of the portion of ~~the~~ daily net assets exceeding $1 1.25 billion but not exceeding $1.5 billion; ~~0.325~~0.275% of the portion of ~~the~~ daily net assets exceeding $1.5 billion but not exceeding $~~2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3~~ 1.75 billion; 0.25% of the portion of ~~the~~ daily net assets exceeding $3 1.75 billion but not exceeding $2.25 billion; ~~0.249~~0.225% of the portion of daily net assets exceeding $2.25 billion but not exceeding $2.75 billion; 0.20% of the portion of daily net assets exceeding $2.75 billion but not exceeding $15 billion; 0.199% of the portion of daily net assets exceeding $15 billion but not exceeding $17.5 billion; ~~and 0.248~~0.198% of the portion of daily net assets exceeding $17.5 billion but not exceeding $25 billion; ~~and 0.247~~0.197% of the portion of daily net assets exceeding $25 billion but not exceeding $30 billion; and ~~0.246~~0.196% of the portion of daily net assets exceeding $30 billion. ----------------------------------------------------------------------------------------------------------------------- Active Assets Tax-Free Trust 05/31/97, as amended on ~~0.50~~0.45% of the portion of the daily net assets 04/30/98 not ~~04/30/98~~ exceeding $500 million; ~~0.425~~0.375% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; ~~0.375~~0.325% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; ~~0.35~~0.30% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; ~~0.325~~0.275% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; ~~0.30~~0.25% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; ~~0.275~~0.225% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; ~~0.25~~0.20% of the portion of the daily net assets exceeding $3 billion but not exceeding $15 billion; ~~0.249~~and 0.199% of the portion of daily net assets exceeding $15 billion. ----------------------------------------------------------------------------------------------------------------------- </TABLE> 14 Page 12 15 of Schedule A ~~-----------------------------------------------------------------------------------------------------------------------~~ <TABLE> ----------------------------------------------------------------------------------------------------------------------------- MONEY MARKET FUNDS EFFECTIVE DATE OF INVESTMENT ADVISORY FEE AGREEMENT AND ANY ~~MONEY MARKET FUNDS~~ AMENDMENTS ~~INVESTMENT MANAGEMENT FEE -----------------------------------------------------------------------------------------------------------------------~~ ----------------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx California ~~Tax-~~Tax- Free 05/31/97, as amended on ~~0.50~~0.45% of the portion of the daily ~~net assets not~~ exceeding $500 Daily Income Trust 04/30/98 ~~exceeding 500~~ million; ~~0.425~~0.375% ~~of the portion~~ of the daily net assets exceeding $500 million but not exceeding $750 million; ~~0.375~~0.325% of the portion of ~~the daily net assets~~ tts exceeding $750 million but not exceeding $1 billion; ~~0.35~~0.30% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; ~~0.325~~0.275% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; ~~0.30~~0.25% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; ~~0.275~~0.225% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; and ~~0.25~~0.20% of the portion of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx Liquid Asset Fund Inc. 05/31/97, as amended on ~~0.50~~0.45% of the portion of daily net assets not exceeding (Maryland Corporation) 04/30/98, 05/01/01, $250 million; 0.375% of the portion of daily net assets 05/01/02 exceeding $250 million but not exceeding $750 million; 0.325% of the portion of daily net assets exceeding $750 million but not exceeding $1.25 billion; 0.30% of the portion of daily net assets exceeding $1.25 billion but not exceeding $1.5 billion; 0.275% of the portion of daily net assets exceeding $1.5 billion but not exceeding $1.75 billion; 0.25% of the portion of daily net assets exceeding $1.75 billion but not exceeding $2.25 billion; 0.225% of the portion of daily net assets exceeding $2.25 billion but not exceeding $2.75 billion; 0.20% of the portion of daily net assets exceeding $2.75 billion but not exceeding $15 billion; 0.199% of the portion of daily net assets exceeding $15 billion but not exceeding $17.5 billion; 0.198% of the portion of daily net assets exceeding $17.5 billion but not exceeding $25 billion; 0.197% of the portion of daily net assets exceeding $25 billion but not exceeding $30 billion; and 0.196% of the portion of daily net assets exceeding $30 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx New York Municipal 05/31/97, as amended on 0.45% of the portion of the daily net assets Money Market Trust 04/30/98 not ~~04/30/98, 05/01/01,~~ exceeding $500 million; ~~0.425~~0.375% of the portion of ~~05/01/02~~ the daily net assets exceeding $500 million but not exceeding $750 million; ~~0.375~~0.325% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.35 billion; 0.325% of the portion of the daily net assets exceeding $1.35 billion but not exceeding $1.75 billion; 0.30% of the portion of the daily net assets exceeding $1.75 billion but not exceeding $2.15 billion; 0.275% of the portion of the daily net assets exceeding $2.15 billion but not exceeding $2.5 billion; 0.25% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $15 billion; 0.249% of the portion of the daily net assets exceeding $15 billion but not exceeding $17.5 billion; 0.248% of the portion of the daily net assets exceeding $17.5 billion but not exceeding $25 billion; 0.247% of the portion of the daily net assets exceeding $25 billion but not exceeding $30 billion; and 0.246% of the portion of daily net assets exceeding $30 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx New York Municipal Money 05/31/97, as amended on 0.50% of the portion of the daily net assets not Market Trust 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; ~~0.325~~0.275% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; ~~0.30~~0.25% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; ~~0.275~~0.225% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; and ~~0.25~~0.20% of the portion of the daily net assets exceeding $3 billion. ~~-----------------------------------------------------------------------------------------------------------------------~~----------------------------------------------------------------------------------------------------------------------------- </TABLE> 15 Page 16 of Schedule A <TABLE> ----------------------------------------------------------------------------------------------------------------------------- MONEY MARKET FUNDS EFFECTIVE DATE OF INVESTMENT ADVISORY FEE AGREEMENT AND ANY AMENDMENTS ----------------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx Select Dimensions 05/31/97, as amended on 0.45% of the portion of daily net assets not Investment Series- 03/02/98, 05/01/98, exceeding $250 million; 0.375% of the portion of 05/01/00 daily net assets exceeding $250 million but not - Money Market Portfolio exceeding $750 million; 0.325% of the portion of daily net assets exceeding $750 million but not exceeding $1.25 billion; 0.30% of the portion of daily net assets exceeding $1.25 billion but not exceeding $1.5 billion; and 0.275% of the portion of daily net assets exceeding $1.5 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx Tax-Free Daily Income 05/31/97, as amended on 0.45% of the portion of the daily net assets not Trust 04/30/98 exceeding $500 million; 0.375% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.325% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.30% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.275% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.25% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.225% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.20% of the portion of daily net assets exceeding $3 billion but not exceeding $15 billion; and 0.199% of the portion of the daily net assets exceeding $15 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx U.S. Government Money 05/31/97, as amended on 0.45% of the portion of the daily net assets not Market Trust 04/30/98 exceeding $500 million; 0.375% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.325% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.30% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.275% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.25% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.225% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; and 0.20% of the portion of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx Variable Investment 05/31/97, as amended on 0.45% of the portion of daily net assets not Series- 05/01/98, 05/01/99, exceeding $250 million; 0.375% of the portion of 05/01/00 daily net assets exceeding $250 million but not - Money Market Portfolio exceeding $750 million; 0.325% of the portion of daily net assets exceeding $750 million but not exceeding $1.25 billion; 0.30% of the portion of daily net assets exceeding $1.25 billion but not exceeding $1.5 billion; and 0.275% of the portion of daily net assets exceeding $1.5 billion. ----------------------------------------------------------------------------------------------------------------------------- </TABLE>

Appears in 2 contracts

Samples: Investment Advisory Agreement (Morgan Stanley Growth Fund), Investment Advisory Agreement (Morgan Stanley Information Fund)

billion. ~~Utilities Portfolio 05/31/97~~</TABLE> ----------------------------------------------------------------------------------------------------------------------------- EQUITY, BALANCED AND ASSET ALLOCATION EFFECTIVE DATE OF INVESTMENT ADVISORY FEE FUNDS AGREEMENT AND ANY AMENDMENTS ENTERED INTO PRIOR TO MAY 1, 2004 ----------------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx Total Market Index Fund 07/21/ 99, as amended on ~~0.65~~0.12% of the daily net assets. 05/01/04 The Investment Adviser has agreed to cap the Fund's operating expenses (except for brokerage and 12b-1 fees) by assuming the Fund's "other expenses" and/or waiving its fees under this Agreement and the Administration Agreement to the extent such operating expenses exceed on an annualized basis 0.40% of the average daily net assets of the Fund, which may reduce the fees under this Agreement and the Administration Agreement below 0.20% of the Fund's average daily net assets. ----------------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx Total Return Trust 06/28/99, as amended on 0.67% of the portion of ~~the~~ daily net assets not ~~05/01/98~~05/01/00, ~~05/01/99,~~ 05/01/01 exceeding $500 million; ~~0.55~~0.645% of the portion of ~~05/01/00 the~~ daily net assets exceeding $500 million but not exceeding $1 billion; and ~~0.525~~0.62% of the portion of ~~the~~ daily net assets exceeding $1 billion. ----------------------------------------------------------------------------------------------------------------------- MONEY MARKET FUNDS ----------------------------------------------------------------------------------------------------------------------- Active Assets California Tax-Free ----------------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx Utilities Fund 05/31/97, as amended on ~~0.50~~0.57% of the portion of ~~the~~ daily net assets not ~~Trust~~ 04/30/98 exceeding $500 million; ~~0.425~~0.47% of the portion of ~~the~~ daily net assets exceeding $500 million but not exceeding $~~750 million~~1 billion; ~~0.375~~0.445% of the portion of ~~the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the~~ daily net assets exceeding $1 billion but not exceeding $1.5 billion; ~~0.325~~0.42% of the portion of ~~the~~ daily net assets exceeding $1.5 billion but not exceeding $2 2.5 billion; ~~0.30~~0.395% of the portion of daily net assets exceeding $2.5 billion but not exceeding $3.5 billion; 0.37% of the portion of daily net assets exceeding $3.5 billion but not exceeding $5 billion; and 0.345% of the portion of daily net assets exceeding $5 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx Value-Added Market 05/31/97, as amended on 0.12% of the daily net assets. Series 05/01/98 ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx Value Fund 07/22/98, as amended on 0.42% of the portion of daily net assets not 05/01/02, 05/01/04 exceeding $1 billion; 0.37% of the portion of daily net assets exceeding $1 billion but not exceeding $2 billion; 0.32% of the portion of daily net assets exceeding $2 billion but not exceeding $~~2.5~~ 3 billion; ~~0.275~~and 0.27% of the portion of ~~the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the~~ daily net assets exceeding $3 ~~billion~~ billion. ----------------------------------------------------------------------------------------------------------------------- ~~Active Assets Government Securities~~ Xxxxxx Xxxxxxx Variable Investment Series- ----------------------------------------------------------------------------------------------------------------------- - Aggressive Equity Portfolio 05/31/97, as amended on ~~0.50~~0.67% of the portion of ~~the~~ daily net assets not ~~Trust 04/30/98~~ 05/01/98, 05/01/99, exceeding $500 million; ~~0.425~~0.645% of the portion of ~~the~~ 05/01/00 daily net assets exceeding $500 million but not exceeding $~~750 million~~2 billion; ~~0.375~~0.62% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $~~2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $~~3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------- Active Assets Institutional Government 03/08/02 0.15% of the daily net assets. Securities Trust On an ongoing basis, the Investment Manager has agreed under its Management Agreement with the Fund to assume Fund operating expenses (except for brokerage fees) to the extent that such operating expenses exceed on an annualized basis 0.20% of the average daily net assets of the Fund. This may reduce the investment management fee below 0.15% for the Fund. ----------------------------------------------------------------------------------------------------------------------- Page 11 of Schedule A ----------------------------------------------------------------------------------------------------------------------- EFFECTIVE DATE OF AGREEMENT AND ANY MONEY MARKET FUNDS AMENDMENTS INVESTMENT MANAGEMENT FEE ----------------------------------------------------------------------------------------------------------------------- Active Assets Institutional Money Trust 01/06/00 0.15% of the daily net assets. On an ongoing basis, the Investment Manager has agreed under its Management Agreement with the Fund to assume Fund operating expenses (except for brokerage fees) to the extent that such operating expenses exceed on an annualized basis 0.20% of the average daily net assets of the Fund. This may reduce the investment management fee below 0.15% for the Fund. ----------------------------------------------------------------------------------------------------------------------- Active Assets Money Trust 05/31/97, as amended on 0.50% of the portion of the daily net assets not 04/30/98, 05/01/99, exceeding $500 million; 0.425% of the portion of 05/01/01, 05/01/02 the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion; 0.249and 0.595% of the portion of daily net assets exceeding $15 billion but not exceeding $17.5 billion; and 0.248% of the portion of daily net assets exceeding $17.5 billion but not exceeding $25 billion; and 0.247% of the portion of daily net assets exceeding $25 billion but not exceeding $30 billion; and 0.246% of the portion of daily net assets exceeding $30 billion. ----------------------------------------------------------------------------------------------------------------------- Active Assets Tax-Free Trust 05/31/97, as amended on 0.50% of the portion of the daily net assets not 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion; 0.249% of the portion of daily net assets exceeding $15 billion. ----------------------------------------------------------------------------------------------------------------------- Page 12 of Schedule A ----------------------------------------------------------------------------------------------------------------------- EFFECTIVE DATE OF AGREEMENT AND ANY MONEY MARKET FUNDS AMENDMENTS INVESTMENT MANAGEMENT FEE ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx California Tax-Free 05/31/97, as amended on 0.50% of the portion of the daily net assets not Daily Income Trust 04/30/98 exceeding 500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; and 0.25% of the portion of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------- ~~Xxxxxx Xxxxxxx Liquid Asset Fund Inc. 05/31/97~~</TABLE> 10 Page 11 of Schedule A <TABLE> ----------------------------------------------------------------------------------------------------------------------------- EQUITY, ~~as amended on 0.50% of the portion of the daily net assets not 04/30/98~~BALANCED AND ASSET ALLOCATION EFFECTIVE DATE OF INVESTMENT ADVISORY FEE FUNDS AGREEMENT AND ANY AMENDMENTS ENTERED INTO PRIOR TO MAY 1, 05/01/01, exceeding $500 million; 0.425% of the portion of 05/01/02 the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.35 billion; 0.325% of the portion of the daily net assets exceeding $1.35 billion but not exceeding $1.75 billion; 0.30% of the portion of the daily net assets exceeding $1.75 billion but not exceeding $2.15 billion; 0.275% of the portion of the daily net assets exceeding $2.15 billion but not exceeding $2.5 billion; 0.25% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $15 billion; 0.249% of the portion of the daily net assets exceeding $15 billion but not exceeding $17.5 billion; 0.248% of the portion of the daily net assets exceeding $17.5 billion but not exceeding $25 billion; 0.247% of the portion of the daily net assets exceeding $25 billion but not exceeding $30 billion; and 0.246% of the portion of daily net assets exceeding $30 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx New York Municipal Money 05/31/97, as amended on 0.50% of the portion of the daily net assets not Market Trust 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; and 0.25% of the portion of the daily net assets exceeding $3 billion. -----------------------------------------------------------------------------------------------------------------------2004 -----------------------------------------------------------------------------------------------------------------------------

Appears in 2 contracts

Samples: Investment Advisory Agreement (Morgan Stanley Information Fund), Investment Advisory Agreement (Morgan Stanley Growth Fund)

billion. Balanced Growth Portfolio 05/31/97, as amended on 0.52% of the portion of daily net assets not 03/02/98, 05/01/98, exceeding $500 million; and 0.495% of the 05/10/00 portion of daily net assets exceeding $500 million. ----------------------------------------------------------------------------------------------------------------------------- - Capital Opportunities Portfolio 05/31/97, as amended on 0.67% of the portion of daily net assets not exceeding $500 03/02/98, 05/01/98, million; 0.645% of the portion of daily net assets exceeding 05/01/00 $500 million but not exceeding $2 billion; 0.62% of the portion of daily net assets exceeding $2 billion but not exceeding $3 billion; and 0.595% of the portion of daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------------- - Developing Growth Portfolio 05/31/97, as amended on 0.42% of the portion of daily net assets not 03/02/98, 05/01/98, exceeding $500 million; and 0.395% of the 05/01/00 portion of daily net assets exceeding $500 million. ----------------------------------------------------------------------------------------------------------------------------- - Dividend Growth Portfolio 05/31/97, as amended on 0.545% of the portion of daily net assets 03/02/98, 05/01/98, not exceeding $250 million; 0.42% of the 05/01/00 portion of daily net assets exceeding $250 million but not exceeding $1 billion; 0.395% of the portion of daily net assets exceeding $1 billion but not exceeding $2 billion; and 0.37% of the portion of daily net assets exceeding $2 billion. ----------------------------------------------------------------------------------------------------------------------------- - Global Equity Portfolio 05/31/97, as amended on 0.92% of the daily net assets. 03/02/98, 05/01/98, 05/01/00 ----------------------------------------------------------------------------------------------------------------------------- - Growth Portfolio 05/31/97, as amended on 0.50% of the portion of daily net assets not 03/02/98, 05/01/98, exceeding $1 billion; 0.45% of the portion 05/01/00 of daily net assets exceeding $1 billion but not exceeding $2 billion; 0.40% of the portion of daily net assets exceeding $2 billion but not exceeding $3 billion; and 0.35% of the portion of daily net assets exceeding $3 billion. </TABLE> ----------------------------------------------------------------------------------------------------------------------------- EQUITY, BALANCED AND ASSET ALLOCATION EFFECTIVE DATE OF INVESTMENT ADVISORY FEE FUNDS AGREEMENT AND ANY AMENDMENTS ENTERED INTO PRIOR TO MAY 1, 2004 ----------------------------------------------------------------------------------------------------------------------------- - Utilities Portfolio 05/31/97, as amended on ~~0.65~~0.57% of the portion of ~~the~~ daily net assets not 03/02/98, 05/01/98~~, 05/01/99~~, exceeding $500 million; ~~0.55~~0.47% of the portion 05/01/00 of ~~05/01/00 the~~ daily net assets exceeding $500 million but not exceeding $1 billion; ~~and 0.525~~0.445% of the portion of the daily net assets exceeding $1 billion. ----------------------------------------------------------------------------------------------------------------------- MONEY MARKET FUNDS ----------------------------------------------------------------------------------------------------------------------- Active Assets California Tax-Free 05/31/97, as amended on 0.50% of the portion of the daily net assets not Trust 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; ~~0.325~~0.42% of the portion of ~~the~~ daily net assets exceeding $1.5 billion but not exceeding $2 2.5 billion; ~~0.30~~0.395% of the portion of ~~the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the~~ daily net assets exceeding $2.5 billion but not exceeding $3 3.5 billion; 0.25% of the portion of the daily net assets exceeding $3 billion ----------------------------------------------------------------------------------------------------------------------- Active Assets Government Securities 05/31/97, as amended on 0.50% of the portion of the daily net assets not Trust 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------- Active Assets Institutional Government 03/08/02 0.15% of the daily net assets. Securities Trust On an ongoing basis, the Investment Manager has agreed under its Management Agreement with the Fund to assume Fund operating expenses (except for brokerage fees) to the extent that such operating expenses exceed on an annualized basis 0.20% of the average daily net assets of the Fund. This may reduce the investment management fee below 0.15% for the Fund. ----------------------------------------------------------------------------------------------------------------------- Page 11 of Schedule A ----------------------------------------------------------------------------------------------------------------------- EFFECTIVE DATE OF AGREEMENT AND ANY MONEY MARKET FUNDS AMENDMENTS INVESTMENT MANAGEMENT FEE ----------------------------------------------------------------------------------------------------------------------- Active Assets Institutional Money Trust 01/06/00 0.15% of the daily net assets. On an ongoing basis, the Investment Manager has agreed under its Management Agreement with the Fund to assume Fund operating expenses (except for brokerage fees) to the extent that such operating expenses exceed on an annualized basis 0.20% of the average daily net assets of the Fund. This may reduce the investment management fee below 0.15% for the Fund. ----------------------------------------------------------------------------------------------------------------------- Active Assets Money Trust 05/31/97, as amended on 0.50% of the portion of the daily net assets not 04/30/98, 05/01/99, exceeding $500 million; 0.425% of the portion of 05/01/01, 05/01/02 the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion; 0.2490.37% of the portion of daily net assets exceeding $15 3.5 billion but not exceeding $~~17.5~~ 5 billion; and ~~0.248~~0.345% of the portion of daily net assets exceeding $~~17.5 billion but not exceeding $25~~ 5 billion; and 0.247% of the portion of daily net assets exceeding $25 billion but not exceeding $30 billion; and 0.246% of the portion of daily net assets exceeding $30 billion. ----------------------------------------------------------------------------------------------------------------------- Active Assets Tax-Free Trust 05/31/97, as amended on 0.50% of the portion of the daily net assets not 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion; 0.249% of the portion of daily net assets exceeding $15 billion. ----------------------------------------------------------------------------------------------------------------------- Page 12 of Schedule A ----------------------------------------------------------------------------------------------------------------------- EFFECTIVE DATE OF AGREEMENT AND ANY MONEY MARKET FUNDS AMENDMENTS INVESTMENT MANAGEMENT FEE ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx California Tax-Free 05/31/97, as amended on 0.50% of the portion of the daily net assets not Daily Income Trust 04/30/98 exceeding 500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; and 0.25% of the portion of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx Liquid Asset Fund Inc. 05/31/97, as amended on 0.50% of the portion of the daily net assets not 04/30/98, 05/01/01, exceeding $500 million; 0.425% of the portion of 05/01/02 the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.35 billion; 0.325% of the portion of the daily net assets exceeding $1.35 billion but not exceeding $1.75 billion; 0.30% of the portion of the daily net assets exceeding $1.75 billion but not exceeding $2.15 billion; 0.275% of the portion of the daily net assets exceeding $2.15 billion but not exceeding $2.5 billion; 0.25% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $15 billion; 0.249% of the portion of the daily net assets exceeding $15 billion but not exceeding $17.5 billion; 0.248% of the portion of the daily net assets exceeding $17.5 billion but not exceeding $25 billion; 0.247% of the portion of the daily net assets exceeding $25 billion but not exceeding $30 billion; and 0.246% of the portion of daily net assets exceeding $30 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx New York Municipal Money 05/31/97, as amended on 0.50% of the portion of the daily net assets not Market Trust 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; and 0.25% of the portion of the daily net assets exceeding $3 billion. -----------------------------------------------------------------------------------------------------------------------.

Appears in 2 contracts

Samples: Investment Advisory Agreement (Morgan Stanley Information Fund), Investment Advisory Agreement (Morgan Stanley Growth Fund)

billion. ~~Utilities~~ Global Dividend Growth Portfolio 05/31/97, as amended on ~~0.65~~0.67% of the portion of the daily net assets not 05/01/98, 05/01/99, exceeding $1 billion; 0.645% of the portion of the 05/01/00 daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.62% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2.5 billion; 0.595% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3.5 billion; 0.57% of the portion of the daily net assets exceeding $3.5 billion but not exceeding $4.5 billion; and 0.545% of the portion of the daily net assets exceeding $4.5 billion. ----------------------------------------------------------------------------------------------------------------------- - Income Builder Portfolio 05/31/97, as amended on 0.67% of the portion of the daily net assets not 05/01/98, 05/01/99, exceeding $500 million; ~~0.55~~and 0.645% of the portion 05/01/00 of the daily net assets exceeding $500 million. ----------------------------------------------------------------------------------------------------------------------- - Information Portfolio 05/31/97, as amended on 0.67% of the portion of the daily net assets not 05/01/98, 05/01/99, exceeding $500 million; 0.645% of the portion of 05/01/00 the daily net assets exceeding $500 million but not exceeding $1 3 billion; and 0.525% of the portion of the daily net assets exceeding $1 billion. ----------------------------------------------------------------------------------------------------------------------- MONEY MARKET FUNDS ----------------------------------------------------------------------------------------------------------------------- Active Assets California Tax-Free 05/31/97, as amended on 0.50% of the portion of the daily net assets not Trust 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion ----------------------------------------------------------------------------------------------------------------------- Active Assets Government Securities 05/31/97, as amended on 0.50% of the portion of the daily net assets not Trust 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.250.62% of the portion of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------- ~~Active Assets Institutional Government 03/08/02 0.15% of the daily net assets. Securities Trust On an ongoing basis~~</TABLE> <TABLE> ------------------------------------------------------------------------------------------------------------------------ EQUITY, the Investment Manager has agreed under its Management Agreement with the Fund to assume Fund operating expenses (except for brokerage fees) to the extent that such operating expenses exceed on an annualized basis 0.20% of the average daily net assets of the Fund. This may reduce the investment management fee below 0.15% for the Fund. ----------------------------------------------------------------------------------------------------------------------- Page 11 of Schedule A ----------------------------------------------------------------------------------------------------------------------- BALANCED AND ASSET EFFECTIVE DATE OF INVESTMENT ADVISORY FEE ALLOCATION FUNDS AGREEMENT AND ANY ~~MONEY MARKET FUNDS~~ AMENDMENTS ~~INVESTMENT MANAGEMENT FEE~~ ENTERED INTO PRIOR TO MAY 1, 2004 ----------------------------------------------------------------------------------------------------------------------- Active Assets Institutional Money Trust 01/06/00 0.15% of the daily net assets. On an ongoing basis, the Investment Manager has agreed under its Management Agreement with the Fund to assume Fund operating expenses (except for brokerage fees) to the extent that such operating expenses exceed on an annualized basis 0.20% of the average daily net assets of the Fund. This may reduce the investment management fee below 0.15% for the Fund. ----------------------------------------------------------------------------------------------------------------------- Active Assets Money Trust - S&P 500 Index Portfolio 05/31/97, as amended on ~~0.50~~0.12% of the portion of the daily net assets not ~~04/30/98~~05/01/98, 05/01/99, exceeding $~~500 million~~2 billion; ~~0.425~~and 0.10% of the portion of ~~05/01/01~~05/01/00, 05/01/02 the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of 05/01/04 the daily net assets exceeding $2 ~~billion but not exceeding $2.5~~ billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion; 0.249% of the portion of daily net assets exceeding $15 billion but not exceeding $17.5 billion; and 0.248% of the portion of daily net assets exceeding $17.5 billion but not exceeding $25 billion; and 0.247% of the portion of daily net assets exceeding $25 billion but not exceeding $30 billion; and 0.246% of the portion of daily net assets exceeding $30 billion. ----------------------------------------------------------------------------------------------------------------------- Active Assets Tax-Free Trust 05/31/97, as amended on 0.50% of the portion of the daily net assets not 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion; 0.249% of the portion of daily net assets exceeding $15 billion. ----------------------------------------------------------------------------------------------------------------------- Page 12 of Schedule A ----------------------------------------------------------------------------------------------------------------------- EFFECTIVE DATE OF AGREEMENT AND ANY MONEY MARKET FUNDS AMENDMENTS INVESTMENT MANAGEMENT FEE ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx California Tax-Free 05/31/97, as amended on 0.50% of the portion of the daily net assets not Daily Income Trust 04/30/98 exceeding 500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; and 0.25% of the portion of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx Liquid Asset Fund Inc. 05/31/97, as amended on 0.50% of the portion of the daily net assets not 04/30/98, 05/01/01, exceeding $500 million; 0.425% of the portion of 05/01/02 the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.35 billion; 0.325% of the portion of the daily net assets exceeding $1.35 billion but not exceeding $1.75 billion; 0.30% of the portion of the daily net assets exceeding $1.75 billion but not exceeding $2.15 billion; 0.275% of the portion of the daily net assets exceeding $2.15 billion but not exceeding $2.5 billion; 0.25% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $15 billion; 0.249% of the portion of the daily net assets exceeding $15 billion but not exceeding $17.5 billion; 0.248% of the portion of the daily net assets exceeding $17.5 billion but not exceeding $25 billion; 0.247% of the portion of the daily net assets exceeding $25 billion but not exceeding $30 billion; and 0.246% of the portion of daily net assets exceeding $30 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx New York Municipal Money 05/31/97, as amended on 0.50% of the portion of the daily net assets not Market Trust 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; and 0.25% of the portion of the daily net assets exceeding $3 billion. -----------------------------------------------------------------------------------------------------------------------.

Appears in 1 contract

Samples: Investment Advisory Agreement (Morgan Stanley Small Mid Special Value Fund)

billion. ~~Utilities Portfolio 05/31/97~~Xxxxxx Xxxxxxx Total Market Index Fund 07/21/99, as amended on ~~0.65~~0.12% of the portion of the daily net assets ~~not 05/01/98~~05/01/04, ~~05/01/99, exceeding $500 million; 0.55% of the portion of 05/01/00 the daily net assets exceeding $500 million but~~ not exceeding $1 2 billion; and ~~0.525~~0.10% of the portion of the daily net assets exceeding $1 2 billion. The Investment Adviser has agreed to cap the Fund's operating expenses (except for brokerage and 12b-1 fees) by assuming the Fund's "other expenses" and/or waiving its fees under this Agreement and the Administration Agreement to the extent such operating expenses exceed on an annualized basis 0.40% of the average daily net assets of the Fund, which may reduce the fees under this Agreement and the Administration Agreement below 0.20% of the Fund's average daily net assets. ----------------------------------------------------------------------------------------------------------------------- ~~MONEY MARKET FUNDS ----------------------------------------------------------------------------------------------------------------------- Active Assets California Tax-Free 05/31/97~~Xxxxxx Xxxxxxx Total Return Trust 06/28/99, as amended on ~~0.50~~0.67% of the portion of the daily net assets not ~~Trust 04/30/98~~ 05/01/00, 05/01/01 exceeding $500 million; ~~0.425~~0.645% of the portion of the daily net assets exceeding $500 million but not exceeding $~~750 million~~1 billion; ~~0.375~~and 0.62% of the portion of the daily net assets exceeding $~~750~~ 1 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx Utilities Fund 05/31/97, as amended on 0.57% of the portion of the daily net assets not 04/30/98 exceeding $500 million; 0.47% of the portion of the daily net assets exceeding $500 million but not exceeding $1 billion; ~~0.35~~0.445% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; ~~0.325~~0.42% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2.5 billion; 0.395% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3.5 billion; 0.37% of the portion of the daily net assets exceeding $3.5 billion but not exceeding $5 billion; and 0.345% of the portion of the daily net assets exceeding $5 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx Value Fund 07/22/98, as amended on 0.42% of the portion of daily net assets not 05/01/02, 05/01/04 exceeding $1 billion; 0.37% of the portion of the daily net assets exceeding $1 billion but not exceeding $2 billion; ~~0.30~~0.32% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion ----------------------------------------------------------------------------------------------------------------------- Active Assets Government Securities 05/31/97, as amended on 0.50% of the portion of the daily net assets not Trust 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------- Active Assets Institutional Government 03/08/02 0.15% of the daily net assets. Securities Trust On an ongoing basis, the Investment Manager has agreed under its Management Agreement with the Fund to assume Fund operating expenses (except for brokerage fees) to the extent that such operating expenses exceed on an annualized basis 0.20% of the average daily net assets of the Fund. This may reduce the investment management fee below 0.15% for the Fund. ----------------------------------------------------------------------------------------------------------------------- Page 11 of Schedule A ----------------------------------------------------------------------------------------------------------------------- EFFECTIVE DATE OF AGREEMENT AND ANY MONEY MARKET FUNDS AMENDMENTS INVESTMENT MANAGEMENT FEE ----------------------------------------------------------------------------------------------------------------------- Active Assets Institutional Money Trust 01/06/00 0.15% of the daily net assets. On an ongoing basis, the Investment Manager has agreed under its Management Agreement with the Fund to assume Fund operating expenses (except for brokerage fees) to the extent that such operating expenses exceed on an annualized basis 0.20% of the average daily net assets of the Fund. This may reduce the investment management fee below 0.15% for the Fund. ----------------------------------------------------------------------------------------------------------------------- Active Assets Money Trust 05/31/97, as amended on 0.50% of the portion of the daily net assets not 04/30/98, 05/01/99, exceeding $500 million; 0.425% of the portion of 05/01/01, 05/01/02 the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion; 0.249% of the portion of daily net assets exceeding $15 billion but not exceeding $17.5 billion; and 0.248% of the portion of daily net assets exceeding $17.5 billion but not exceeding $25 billion; and 0.247% of the portion of daily net assets exceeding $25 billion but not exceeding $30 billion; and 0.246% of the portion of daily net assets exceeding $30 billion. ----------------------------------------------------------------------------------------------------------------------- Active Assets Tax-Free Trust 05/31/97, as amended on 0.50% of the portion of the daily net assets not 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion; 0.249% of the portion of daily net assets exceeding $15 billion. ----------------------------------------------------------------------------------------------------------------------- Page 12 of Schedule A ----------------------------------------------------------------------------------------------------------------------- EFFECTIVE DATE OF AGREEMENT AND ANY MONEY MARKET FUNDS AMENDMENTS INVESTMENT MANAGEMENT FEE ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx California Tax-Free 05/31/97, as amended on 0.50% of the portion of the daily net assets not Daily Income Trust 04/30/98 exceeding 500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; and ~~0.25~~0.27% of the portion of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx ~~Liquid Asset Fund Inc. 05/31/97~~Variable Investment Series- ----------------------------------------------------------------------------------------------------------------------- </TABLE> <TABLE> ------------------------------------------------------------------------------------------------------------------------ EQUITY, ~~as amended on 0.50% of the portion of the daily net assets not 04/30/98~~BALANCED AND ASSET EFFECTIVE DATE OF INVESTMENT ADVISORY FEE ALLOCATION FUNDS AGREEMENT AND ANY AMENDMENTS ENTERED INTO PRIOR TO MAY 1, 05/01/01, exceeding $500 million; 0.425% of the portion of 05/01/02 the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.35 billion; 0.325% of the portion of the daily net assets exceeding $1.35 billion but not exceeding $1.75 billion; 0.30% of the portion of the daily net assets exceeding $1.75 billion but not exceeding $2.15 billion; 0.275% of the portion of the daily net assets exceeding $2.15 billion but not exceeding $2.5 billion; 0.25% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $15 billion; 0.249% of the portion of the daily net assets exceeding $15 billion but not exceeding $17.5 billion; 0.248% of the portion of the daily net assets exceeding $17.5 billion but not exceeding $25 billion; 0.247% of the portion of the daily net assets exceeding $25 billion but not exceeding $30 billion; and 0.246% of the portion of daily net assets exceeding $30 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx New York Municipal Money 05/31/97, as amended on 0.50% of the portion of the daily net assets not Market Trust 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; and 0.25% of the portion of the daily net assets exceeding $3 billion. 2004 -----------------------------------------------------------------------------------------------------------------------

Appears in 1 contract

Samples: Investment Advisory Agreement (Morgan Stanley Small Mid Special Value Fund)

billion. ~~Utilities~~ Balanced Growth Portfolio 05/31/97, as amended on ~~0.65~~0.52% of the portion of the daily net assets not 03/02/98, 05/01/98~~, 05/01/99~~, exceeding $500 million; ~~0.55~~and 0.495% of the portion 05/10/00 of the daily net assets exceeding $500 million. ----------------------------------------------------------------------------------------------------------------------- - Capital Opportunities Portfolio 05/31/97, as amended on 0.67% of the portion of the daily net assets not 03/02/98, 05/01/98, exceeding $500 million; 0.645% of the portion of 05/01/00 the daily net assets exceeding $500 million but not exceeding $2 billion; 0.62% of the portion of the daily net assets exceeding $2 billion but not exceeding $3 billion; and 0.595% of the portion of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------- - Developing Growth Portfolio 05/31/97, as amended on 0.42% of the portion of the daily net assets not 03/02/98, 05/01/98, exceeding $500 million; and 0.395% of the portion 05/01/00 of the daily net assets exceeding $500 million. ----------------------------------------------------------------------------------------------------------------------- - Dividend Growth Portfolio 05/31/97, as amended on 0.545% of the portion of the daily net assets not 03/02/98, 05/01/98, exceeding $250 million; 0.42% of the portion of 05/01/00 the daily net assets exceeding $250 million but not exceeding $1 billion; 0.395% of the portion of the daily net assets exceeding $1 billion but not exceeding $2 billion; and 0.37% of the portion of the daily net assets exceeding $2 billion. ----------------------------------------------------------------------------------------------------------------------- - Equally Weighted S&P 500 Portfolio 05/31/97, as amended on 0.12% of the portion of the daily net assets not 04/30/98 exceeding $2 billion; and 0.10% of the portion of the daily net assets exceeding $2 billion. ----------------------------------------------------------------------------------------------------------------------- - Global Equity Portfolio 05/31/97, as amended on 0.92% of the daily net assets. 03/02/98, 05/01/98, 05/01/00 ----------------------------------------------------------------------------------------------------------------------- </TABLE> <TABLE> ------------------------------------------------------------------------------------------------------------------------ EQUITY, BALANCED AND ASSET EFFECTIVE DATE OF INVESTMENT ADVISORY FEE ALLOCATION FUNDS AGREEMENT AND ANY AMENDMENTS ENTERED INTO PRIOR TO MAY 1, 2004 ----------------------------------------------------------------------------------------------------------------------- - Growth Portfolio 05/31/97, as amended on 0.50% of the portion of the daily net assets not 03/02/98, 05/01/98, exceeding $1 billion; 0.45% of the portion of the 05/01/00 daily net assets exceeding $1 billion but not exceeding $2 billion; 0.40% of the portion of the daily net assets exceeding $2 billion but not exceeding $3 billion; and 0.35% of the portion of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------- - Utilities Portfolio 05/31/97, as amended on 0.57% of the portion of the daily net assets not 03/02/98, 05/01/98, exceeding $500 million; 0.47% of the portion of 05/01/00 the daily net assets exceeding $500 million but not exceeding $1 billion; and 0.525% of the portion of the daily net assets exceeding $1 billion. ----------------------------------------------------------------------------------------------------------------------- MONEY MARKET FUNDS ----------------------------------------------------------------------------------------------------------------------- Active Assets California Tax-Free 05/31/97, as amended on 0.50% of the portion of the daily net assets not Trust 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.350.445% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; ~~0.325~~0.42% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $~~2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $~~2.5 billion; ~~0.275~~0.395% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 3.5 billion; ~~0.25~~0.37% of the portion of the daily net assets exceeding $3 3.5 billion ----------------------------------------------------------------------------------------------------------------------- Active Assets Government Securities 05/31/97, as amended on 0.50% of the portion of the daily net assets but not ~~Trust 04/30/98~~ exceeding $~~500 million~~5 billion; ~~0.425~~and 0.345% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 5 billion. ----------------------------------------------------------------------------------------------------------------------- ~~Active Assets Institutional Government 03/08/02 0.15% of the daily net assets. Securities Trust On an ongoing basis, the Investment Manager has agreed under its Management Agreement with the~~ Xxxxxx Xxxxxxx S&P 500 Index Fund to assume Fund operating expenses (except for brokerage fees) to the extent that such operating expenses exceed on an annualized basis 0.20% of the average daily net assets of the Fund. This may reduce the investment management fee below 0.15% for the Fund. ----------------------------------------------------------------------------------------------------------------------- Page 11 of Schedule A ----------------------------------------------------------------------------------------------------------------------- EFFECTIVE DATE OF AGREEMENT AND ANY MONEY MARKET FUNDS AMENDMENTS INVESTMENT MANAGEMENT FEE ----------------------------------------------------------------------------------------------------------------------- Active Assets Institutional Money Trust 01/06/00 0.15% of the daily net assets. On an ongoing basis, the Investment Manager has agreed under its Management Agreement with the Fund to assume Fund operating expenses (except for brokerage fees) to the extent that such operating expenses exceed on an annualized basis 0.20% of the average daily net assets of the Fund. This may reduce the investment management fee below 0.15% for the Fund. ----------------------------------------------------------------------------------------------------------------------- Active Assets Money Trust 05/31/9707/28/97, as amended on ~~0.50~~0.12% of the portion of the daily net assets not 04/30/98, 05/01/99, exceeding $~~500 million~~2 billion; ~~0.425~~and 0.10% of the portion of 05/01/01, 05/01/02 the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of 05/01/04 the daily net assets exceeding $2 ~~billion but not exceeding $2.5~~ billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion; 0.249% of the portion of daily net assets exceeding $15 billion but not exceeding $17.5 billion; and 0.248% of the portion of daily net assets exceeding $17.5 billion but not exceeding $25 billion; and 0.247% of the portion of daily net assets exceeding $25 billion but not exceeding $30 billion; and 0.246% of the portion of daily net assets exceeding $30 billion. ----------------------------------------------------------------------------------------------------------------------- Active Assets Tax-Free Trust 05/31/97, as amended on 0.50% of the portion of the daily net assets not 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion; 0.249% of the portion of daily net assets exceeding $15 billion. ----------------------------------------------------------------------------------------------------------------------- Page 12 of Schedule A ----------------------------------------------------------------------------------------------------------------------- EFFECTIVE DATE OF AGREEMENT AND ANY MONEY MARKET FUNDS AMENDMENTS INVESTMENT MANAGEMENT FEE ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx California Tax-Free 05/31/97, as amended on 0.50% of the portion of the daily net assets not Daily Income Trust 04/30/98 exceeding 500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; and 0.25% of the portion of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx Liquid Asset Fund Inc. 05/31/97, as amended on 0.50% of the portion of the daily net assets not 04/30/98, 05/01/01, exceeding $500 million; 0.425% of the portion of 05/01/02 the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.35 billion; 0.325% of the portion of the daily net assets exceeding $1.35 billion but not exceeding $1.75 billion; 0.30% of the portion of the daily net assets exceeding $1.75 billion but not exceeding $2.15 billion; 0.275% of the portion of the daily net assets exceeding $2.15 billion but not exceeding $2.5 billion; 0.25% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $15 billion; 0.249% of the portion of the daily net assets exceeding $15 billion but not exceeding $17.5 billion; 0.248% of the portion of the daily net assets exceeding $17.5 billion but not exceeding $25 billion; 0.247% of the portion of the daily net assets exceeding $25 billion but not exceeding $30 billion; and 0.246% of the portion of daily net assets exceeding $30 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx New York Municipal Money 05/31/97, as amended on 0.50% of the portion of the daily net assets not Market Trust 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; and 0.25% of the portion of the daily net assets exceeding $3 billion. -----------------------------------------------------------------------------------------------------------------------.

Appears in 1 contract

Samples: Investment Advisory Agreement (Morgan Stanley Small Mid Special Value Fund)

billion. ~~Utilities Portfolio~~ Xxxxxx Xxxxxxx Tax-Free Daily Income 05/31/97, as amended on 0.65% of the portion of the daily net assets not 05/01/98, 05/01/99, exceeding $500 million; 0.55% of the portion of 05/01/00 the daily net assets exceeding $500 million but not exceeding $1 billion; and 0.525% of the portion of the daily net assets exceeding $1 billion. ----------------------------------------------------------------------------------------------------------------------- MONEY MARKET FUNDS ----------------------------------------------------------------------------------------------------------------------- Active Assets California Tax-Free 05/31/97, as amended on 0.500.45% of the portion of the daily net assets not Trust 04/30/98 exceeding $500 million; ~~0.425~~0.375% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; ~~0.375~~0.325% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; ~~0.35~~0.30% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; ~~0.325~~0.275% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; ~~0.30~~0.25% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; ~~0.275~~0.225% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; ~~0.25~~0.20% of the portion of daily net assets exceeding $3 billion but not exceeding $15 billion; and 0.199% of the portion of the daily net assets exceeding $~~3 billion~~ 15 billion. ----------------------------------------------------------------------------------------------------------------------- ~~Active Assets~~ Xxxxxx Xxxxxxx U.S. Government ~~Securities~~ Money 05/31/97, as amended on ~~0.50~~0.45% of the portion of the daily net assets not Market Trust 04/30/98 exceeding $500 million; ~~0.425~~0.375% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; ~~0.375~~0.325% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; ~~0.35~~0.30% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; ~~0.325~~0.275% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; ~~0.30~~0.25% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------- Active Assets Institutional Government 03/08/02 0.15% of the daily net assets. Securities Trust On an ongoing basis, the Investment Manager has agreed under its Management Agreement with the Fund to assume Fund operating expenses (except for brokerage fees) to the extent that such operating expenses exceed on an annualized basis 0.20% of the average daily net assets of the Fund. This may reduce the investment management fee below 0.15% for the Fund. ----------------------------------------------------------------------------------------------------------------------- Page 11 of Schedule A ----------------------------------------------------------------------------------------------------------------------- EFFECTIVE DATE OF AGREEMENT AND ANY MONEY MARKET FUNDS AMENDMENTS INVESTMENT MANAGEMENT FEE ----------------------------------------------------------------------------------------------------------------------- Active Assets Institutional Money Trust 01/06/00 0.15% of the daily net assets. On an ongoing basis, the Investment Manager has agreed under its Management Agreement with the Fund to assume Fund operating expenses (except for brokerage fees) to the extent that such operating expenses exceed on an annualized basis 0.20% of the average daily net assets of the Fund. This may reduce the investment management fee below 0.15% for the Fund. ----------------------------------------------------------------------------------------------------------------------- Active Assets Money Trust 05/31/97, as amended on 0.50% of the portion of the daily net assets not 04/30/98, 05/01/99, exceeding $500 million; 0.425% of the portion of 05/01/01, 05/01/02 the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion; 0.249% of the portion of daily net assets exceeding $15 billion but not exceeding $17.5 billion; and 0.248% of the portion of daily net assets exceeding $17.5 billion but not exceeding $25 billion; and 0.247% of the portion of daily net assets exceeding $25 billion but not exceeding $30 billion; and 0.246% of the portion of daily net assets exceeding $30 billion. ----------------------------------------------------------------------------------------------------------------------- Active Assets Tax-Free Trust 05/31/97, as amended on 0.50% of the portion of the daily net assets not 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion; 0.249% of the portion of daily net assets exceeding $15 billion. ----------------------------------------------------------------------------------------------------------------------- Page 12 of Schedule A ----------------------------------------------------------------------------------------------------------------------- EFFECTIVE DATE OF AGREEMENT AND ANY MONEY MARKET FUNDS AMENDMENTS INVESTMENT MANAGEMENT FEE ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx California Tax-Free 05/31/97, as amended on 0.50% of the portion of the daily net assets not Daily Income Trust 04/30/98 exceeding 500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.2750.225% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; and ~~0.25~~0.20% of the portion of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx ~~Liquid Asset Fund Inc.~~ Variable Investment 05/31/97, as amended on ~~0.50~~0.45% of the portion of the daily net assets not ~~04/30/98~~Series- 05/01/98, ~~05/01/01~~05/01/99, exceeding $~~500~~ 250 million; ~~0.425~~0.375% of the portion of ~~05/01/02~~ 05/01/00 the daily net assets exceeding $~~500~~ 250 million but - Money Market Portfolio not exceeding $750 million; ~~0.375~~0.325% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.35 billion; 0.325% of the portion of the daily net assets exceeding $1.35 billion but not exceeding $1.75 1.25 billion; 0.30% of the portion of the daily net assets exceeding $~~1.75~~ 1.25 billion but not exceeding $~~2.15~~ 1.5 billion; and 0.275% of the portion of the daily net assets exceeding $2.15 billion but not exceeding $2.5 billion; 0.25% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $15 billion; 0.249% of the portion of the daily net assets exceeding $15 billion but not exceeding $17.5 billion; 0.248% of the portion of the daily net assets exceeding $17.5 billion but not exceeding $25 billion; 0.247% of the portion of the daily net assets exceeding $25 billion but not exceeding $30 billion; and 0.246% of the portion of daily net assets exceeding $30 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx New York Municipal Money 05/31/97, as amended on 0.50% of the portion of the daily net assets not Market Trust 04/30/98 exceeding $500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; and 0.25% of the portion of the daily net assets exceeding $3 billion. -----------------------------------------------------------------------------------------------------------------------1.5

Appears in 1 contract

Samples: Investment Advisory Agreement (Morgan Stanley Small Mid Special Value Fund)

billion. Utilities Portfolio 05/31/97, as amended on ~~0.65~~0.57% of the portion of the daily net assets not 05/01/98, 05/01/99, exceeding $500 million; ~~0.55~~0.47% of the portion of 05/01/00 the daily net assets exceeding $500 million but not exceeding $1 billion; ~~and 0.525~~0.445% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.42% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2.5 billion; 0.395% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3.5 billion; 0.37% of the portion of the daily net assets exceeding $3.5 billion but not exceeding $5 billion; and 0.345% of the portion of the daily net assets exceeding $5 billion. ----------------------------------------------------------------------------------------------------------------------- MONEY MARKET FUNDS ----------------------------------------------------------------------------------------------------------------------- Active Assets California Tax-Free Trust 05/31/97, as amended on ~~0.50~~0.45% of the portion of the daily net assets not ~~Trust~~ 04/30/98 exceeding $500 million; ~~0.425~~0.375% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; ~~0.375~~0.325% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; ~~0.35~~0.30% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; ~~0.325~~0.275% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; ~~0.30~~0.25% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; ~~0.275~~0.225% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; ~~0.25~~and 0.20% of the portion of the daily net assets exceeding $3 billion ----------------------------------------------------------------------------------------------------------------------- </TABLE> <TABLE> ------------------------------------------------------------------------------------------------------------------------ EQUITY, BALANCED AND ASSET EFFECTIVE DATE OF INVESTMENT ADVISORY FEE ALLOCATION FUNDS AGREEMENT AND ANY AMENDMENTS ENTERED INTO PRIOR TO MAY 1, 2004 ----------------------------------------------------------------------------------------------------------------------- Active Assets Government Securities 05/31/97, as amended on ~~0.50~~0.45% of the portion of the daily net assets not Trust 04/30/98 exceeding $500 million; ~~0.425~~0.375% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; ~~0.375~~0.325% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; ~~0.35~~0.30% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; ~~0.325~~0.275% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; ~~0.30~~0.25% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; ~~0.275~~0.225% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; ~~0.25~~and 0.20% of the portion of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------- Active Assets Institutional Government 03/08/02 ~~0.15~~0.10% of the daily net assets. Securities Trust On an ongoing basis, the Investment ~~Manager~~ Adviser has agreed under ~~its Management~~ this Agreement with the Fund to assume Fund operating expenses (except for brokerage fees) to the extent that such operating expenses exceed on an annualized basis 0.20% of the average daily net assets of the Fund. This may reduce the ~~investment management fee~~ fees under this Agreement and the Administration Agreement below 0.15% for the Fund. ----------------------------------------------------------------------------------------------------------------------- ~~Page 11 of Schedule A -----------------------------------------------------------------------------------------------------------------------~~ </TABLE> <TABLE> ------------------------------------------------------------------------------------------------------------------------ EFFECTIVE DATE OF AGREEMENT AND ANY MONEY MARKET FUNDS AMENDMENTS INVESTMENT ~~MANAGEMENT~~ ADVISORY FEE ----------------------------------------------------------------------------------------------------------------------- Active Assets Institutional Money Trust 01/06/00 ~~0.15~~0.10% of the daily net assets. On an ongoing basis, the Investment ~~Manager~~ Adviser has agreed under ~~its Management~~ this Agreement with the Fund to assume Fund operating expenses (except for brokerage fees) to the extent that such operating expenses exceed on an annualized basis 0.20% of the average daily net assets of the Fund. This may reduce the ~~investment management fee~~ fees under this Agreement and the Administration Agreement below 0.15% for the Fund. ----------------------------------------------------------------------------------------------------------------------- </TABLE> <TABLE> ------------------------------------------------------------------------------------------------------------------------ EFFECTIVE DATE OF AGREEMENT AND ANY MONEY MARKET FUNDS AMENDMENTS INVESTMENT ADVISORY FEE ----------------------------------------------------------------------------------------------------------------------- Active Assets Money Trust 05/31/97, as amended on ~~0.50~~0.45% of the portion of the daily net assets not 04/30/98, 05/01/99, exceeding $~~500~~ 250 million; ~~0.425~~0.375% of the portion of 05/01/01, 05/01/02 the daily net assets exceeding $250 million but not exceeding $750 million; 0.325% of the portion of the daily net assets exceeding $750 million but not exceeding $1.25 billion; 0.30% of the portion of the daily net assets exceeding $1.25 billion but not exceeding $1.5 billion; 0.275% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $1.75 billion; 0.25% of the portion of the daily net assets exceeding $1.75 billion but not exceeding $2.25 billion; 0.225% of the portion of the daily net assets exceeding $2.25 billion but not exceeding $2.75 billion; 0.20% of the portion of the daily net assets exceeding $2.75 billion but not exceeding $15 billion; 0.199% of the portion of the daily net assets exceeding $15 billion but not exceeding $17.5 billion; 0.198% of the portion of the daily net assets exceeding $17.5 billion but not exceeding $25 billion; 0.197% of the portion of the daily net assets exceeding $25 billion but not exceeding $30 billion; and 0.196% of the portion of the daily net assets exceeding $30 billion. ----------------------------------------------------------------------------------------------------------------------- Active Assets Tax-Free Trust 05/31/97, as amended on 0.45% of the portion of the daily net assets not 04/30/98 exceeding $500 million; 0.375% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; ~~0.375~~0.325% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; ~~0.35~~0.30% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; ~~0.325~~0.275% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; ~~0.30~~0.25% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; ~~0.275~~0.225% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; ~~0.25~~0.20% of the portion of the daily net assets exceeding $3 billion but not exceeding $15 billion; ~~0.249~~and 0.199% of the portion of daily net assets exceeding $15 billion but not exceeding $17.5 billion; and 0.248% of the portion of daily net assets exceeding $17.5 billion but not exceeding $25 billion; and 0.247% of the portion of daily net assets exceeding $25 billion but not exceeding $30 billion; and 0.246% of the portion of daily net assets exceeding $30 billion. ----------------------------------------------------------------------------------------------------------------------- ~~Active Assets Tax-~~</TABLE> <TABLE> ------------------------------------------------------------------------------------------------------------------------ EFFECTIVE DATE OF AGREEMENT AND ANY MONEY MARKET FUNDS AMENDMENTS INVESTMENT ADVISORY FEE ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx California Tax- Free ~~Trust~~ 05/31/97, as amended on ~~0.50~~0.45% of the portion of the daily net assets not Daily Income Trust 04/30/98 exceeding $500 million; ~~0.425~~0.375% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; ~~0.375~~0.325% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; ~~0.35~~0.30% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; ~~0.325~~0.275% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; ~~0.30~~0.25% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.275% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; 0.25% of the portion of the daily net assets exceeding $3 billion; 0.249% of the portion of daily net assets exceeding $15 billion. ----------------------------------------------------------------------------------------------------------------------- Page 12 of Schedule A ----------------------------------------------------------------------------------------------------------------------- EFFECTIVE DATE OF AGREEMENT AND ANY MONEY MARKET FUNDS AMENDMENTS INVESTMENT MANAGEMENT FEE ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx California Tax-Free 05/31/97, as amended on 0.50% of the portion of the daily net assets not Daily Income Trust 04/30/98 exceeding 500 million; 0.425% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; 0.375% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; 0.35% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.325% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; 0.30% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; 0.2750.225% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; and ~~0.25~~0.20% of the portion of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx Liquid Asset Fund Inc. 05/31/97, as amended on ~~0.50~~0.45% of the portion of the daily net assets not (Maryland Corporation) 04/30/98, 05/01/01, exceeding $~~500~~ 250 million; ~~0.425~~0.375% of the portion of 05/01/02 the daily net assets exceeding $~~500~~ 250 million but not exceeding $750 million; ~~0.375~~0.325% of the portion of the daily net assets exceeding $750 million but not exceeding $1 1.25 billion; ~~0.35~~0.30% of the portion of the daily net assets exceeding $1 1.25 billion but not exceeding $~~1.35~~ 1.5 billion; ~~0.325~~0.275% of the portion of the daily net assets exceeding $~~1.35~~ 1.5 billion but not exceeding $1.75 billion; ~~0.30~~0.25% of the portion of the daily net assets exceeding $1.75 billion but not exceeding $~~2.15~~ 2.25 billion; ~~0.275~~0.225% of the portion of the daily net assets exceeding $~~2.15~~ 2.25 billion but not exceeding $~~2.5~~ 2.75 billion; ~~0.25~~0.20% of the portion of the daily net assets exceeding $~~2.5~~ 2.75 billion but not exceeding $15 billion; ~~0.249~~0.199% of the portion of the daily net assets exceeding $15 billion but not exceeding $17.5 billion; ~~0.248~~0.198% of the portion of the daily net assets exceeding $17.5 billion but not exceeding $25 billion; ~~0.247~~0.197% of the portion of the daily net assets exceeding $25 billion but not exceeding $30 billion; and ~~0.246~~0.196% of the portion of the daily net assets exceeding $30 billion. ----------------------------------------------------------------------------------------------------------------------- Xxxxxx Xxxxxxx New York Municipal ~~Money~~ 05/31/97, as amended on ~~0.50~~0.45% of the portion of the daily net assets not Money Market Trust 04/30/98 exceeding $500 million; ~~0.425~~0.375% of the portion of the daily net assets exceeding $500 million but not exceeding $750 million; ~~0.375~~0.325% of the portion of the daily net assets exceeding $750 million but not exceeding $1 billion; ~~0.35~~0.30% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; ~~0.325~~0.275% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2 billion; ~~0.30~~0.25% of the portion of the daily net assets exceeding $2 billion but not exceeding $2.5 billion; ~~0.275~~0.225% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3 billion; and ~~0.25~~0.20% of the portion of the daily net assets exceeding $3 billion. ----------------------------------------------------------------------------------------------------------------------- </TABLE> <TABLE> ------------------------------------------------------------------------------------------------------------------------ EFFECTIVE DATE OF AGREEMENT AND ANY MONEY MARKET FUNDS AMENDMENTS INVESTMENT ADVISORY FEE -----------------------------------------------------------------------------------------------------------------------

Appears in 1 contract

Samples: Investment Advisory Agreement (Morgan Stanley Small Mid Special Value Fund)

Common use of billion Clause in Contracts