Common use of TRANSITION RULE FOR CALCULATING ADVISER'S COMPENSATION Clause in Contracts

TRANSITION RULE FOR CALCULATING ADVISER'S COMPENSATION. The Adjustment will not be fully operable until the close of the quarter ending June 30,2003. Until that time, the following transition rules will apply: (a) June 29,2000 through March 31,2001. The Adviser's compensation will be the Basic Fee. No Adjustment will apply during this period. (b) April 1,2001 through June 30,2003. Beginning April 1,2001, the Adjustment will take effect on a progressive basis with regards to the number of months elapsed between July 1, 2000, and the end of the quarter for which the Adviser's fee is being computed. During this period, the Adjustment outlined in Section 4.0 will be multiplied by a fraction. The fraction will equal the number of rnonths elapsed since July 1, 2000, divided by thirty- six. (c) On and After July 1,200?1. Commencing July 1,2003, the Adjustment will be fully operable.

TRANSITION RULE FOR CALCULATING ADVISER'S COMPENSATION. The Adjustment will not be fully operable until the close of the quarter ending June 30,2003. Until that time, the following transition rules will apply: (a) June 29,2000 through March 31,2001. The Adviser's compensation will be the Basic Fee. No Adjustment will apply during this period. (b) April 1,2001 through June 30,2003. Beginning April 1,2001, the Adjustment will take effect on a progressive basis with regards to the number of months elapsed between July 1, 2000, and the end of the quarter for which the Adviser's fee is being computed. During this period, the Adjustment outlined in Section 4.0 will be multiplied by a fraction. The fraction will equal the number of rnonths elapsed since July 1, 2000, divided by thirty- six. (c) On and After July 1,200?11,2001. Commencing July 1,2003, the Adjustment will be fully operable.

TRANSITION RULE FOR CALCULATING ADVISER'S COMPENSATION. The Adjustment will not be fully operable until the close of the quarter ending June 30,2003April 30, 2003. Until that time, the following transition rules will apply: (aA) June 29,2000 through March 31,2001APRIL 3, 2000 THROUGH JANUARY 31, 2001. The Adviser's compensation will be the Basic Fee. No Adjustment will apply during this period. (bB) April 1,2001 through June 30,2003FEBRUARY 1, 2001 THROUGH APRIL 30, 2003. Beginning April 1,2001February 1, 2001, the Adjustment will take effect on a progressive basis with regards to the number of months elapsed between July May 1, 2000, and the end of the quarter for which the Adviser's fee is being computed. During this period, the Adjustment outlined in Section 4.0 will be multiplied by a fraction. The fraction will equal the number of rnonths months elapsed since July May 1, 2000, divided by thirty- thirty-six. (cC) On and After July 1,200?1ON AND AFTER MAY 1, 2003. Commencing July 1,2003May 1, 2003, the Adjustment will be fully operable.

TRANSITION RULE FOR CALCULATING ADVISER'S COMPENSATION. The Adjustment will not be fully operable until the close of the quarter ending June 30,2003September 30, 2003. Until that time, the following transition rules will apply: (a) July 31, 2000 through June 29,2000 through March 31,200130, 2001. The Adviser's compensation will be the Basic Fee. No Adjustment will apply during this period. (b) April 1,2001 July 1, 2001 through June 30,2003September 30, 2003. Beginning April 1,2001July 1, 2001, the Adjustment will take effect on a progressive basis with regards to the number of months elapsed between July October 1, 2000, and the end of the quarter for which the Adviser's fee is being computed. During this period, the Adjustment outlined in Section 4.0 will be multiplied by a fraction. The fraction will equal the number of rnonths months elapsed since July October 1, 2000, divided by thirty- thirty-six. (c) On and After July 1,200?1after September 30, 2003. Commencing July 1,2003September 30, 2003, the Adjustment will be fully operable.

TRANSITION RULE FOR CALCULATING ADVISER'S COMPENSATION. The Adjustment will not be fully operable until the close of the quarter ending June 30,2003April 30, 2003. Until that time, the following transition rules will apply: (aA) June 29,2000 through March 31,2001APRIL 3, 2000 THROUGH JANUARY 31, 2001. The Adviser's compensation will be the Basic Fee. No Adjustment will apply during this period. (bB) April 1,2001 through June 30,2003FEBRUARY 1, 2001 THROUGH APRIL 30, 2003. Beginning April 1,2001February 1, 2001, the Adjustment will take effect on a progressive basis with regards to the number of months elapsed between July May 1, 2000, and the end of the quarter for which the Adviser's fee is being computed. During this period, the Adjustment outlined in Section 4.0 will be multiplied by a fraction. The fraction will equal the number of rnonths months elapsed since July May 1, 2000, divided by thirty- thirty-six. (cC) On and After July 1,200?1ON AND AFTER MAY 1, 2003. Commencing July 1,2003May 1, 2003, the Adjustment will be fully operable.

TRANSITION RULE FOR CALCULATING ADVISER'S COMPENSATION. The Adjustment will not be fully operable until the close of the quarter ending June 30,200330, 2003. Until that time, the following transition rules will apply: (a) June 29,2000 29, 2000 through March 31,200131, 2001. The Adviser's compensation will be the Basic Fee. No Adjustment will apply during this period. (b) April 1,2001 1, 2001 through June 30,200330, 2003. Beginning April 1,20011, 2001, the Adjustment will take effect on a progressive basis with regards to the number of months elapsed between July 1, 2000, and the end of the quarter for which the Adviser's fee is being computed. During this period, the Adjustment outlined in Section 4.0 will be multiplied by a fraction. The fraction will equal the number of rnonths months elapsed since July 1, 2000, divided by thirty- thirty-six. (c) On and After July 1,200?11, 2003. Commencing July 1,20031, 2003, the Adjustment will be fully operable.