LORD XXXXXX HIGH YIELD FUND
Addendum to Management
Agreement between Lord Xxxxxx
Investment Trust and Lord, Xxxxxx & Co.
DATED OCTOBER 20, 1993 (THE "AGREEMENT")
Lord, Xxxxxx & Co. ("Lord Xxxxxx") and Lord Xxxxxx Investment Trust
(the "Trust") on behalf of Lord Xxxxxx High Yield Fund ("Series") do hereby
agree that (I) the annual management fee rate for the Series with respect to
paragraph 2 of the Agreement shall be 0.60 of 1% of the average daily net assets
of the Series; and (II) with respect to the repayment provisions pursuant to
paragraph 5 of the Agreement, (i) they shall be applied for a period ending on
the earlier of (A) three full fiscal years from the commencement of the sale of
Series' shares to the public or (B) termination of the Agreement and (ii) the
expense ratio for such repayment provisions shall be 1.35%.
For purposes of Section 15 (a) of the Investment Company Act of 1940,
as amended, this Addendum and the Agreement shall together constitute the
investment advisory contract of the Series.
LORD, XXXXXX & CO.
BY: /s/ Xxxx X. Xxxxxxx
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Partner
LORD XXXXXX INVESTMENT TRUST
(on behalf of Lord Xxxxxx High Yield Fund)
BY: /s/ Xxxxxx X. Xxxxx
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Vice President
Dated: October 21, 1998
