SUBADVISORY AGREEMENT
SCHEDULE A
Compensation pursuant to Paragraph 4 of Subadvisory Agreement shall be
calculated in accordance with the following schedule:
Average Daily Net Assets Rate
$0 - 150 million 50 bp
$150 - 300 million* 45 bp
$300 - 750 million* 40 bp
$750 million + * 35 bp
* When average daily net assets fall within this range, the corresponding rate
applies to all assets in any fund subject to this schedule.
The rates set forth above apply to average daily net assets that are subject to
the Subadviser's investment discretion in the following funds:
AXP Partners Small Cap Core Fund, a series of AXP Partners Series, Inc.
AXP Discovery Fund, Inc.
American Express Financial Corporation Pilgrim Xxxxxx Value Investors, Inc.
By: ____________________________ By: /s/ Xxxx X. Xxxxxxxxx
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Name: __________________________ Name: Xxxx X. Xxxxxxxxx
Title: ___________________________ Title: Chief Financial Officer
Dated: April 10, 2002
