Exhibit (h)(2)
AMENDMENT
The Transfer Agency and Service Agreement dated October 2, 1989, by and
between AARP INCOME TRUST (the "Company") and XXXXXXX SERVICE CORPORATION (the
"Agent") is hereby amended as follows:
I. Article 2.01 is amended to read as follows:
2.01. For the performance by the Agent pursuant to this Agreement, the
Company agrees to pay the Agent such fees an annual maintenance fee for each
Shareholder account as set out in a fee schedule agreed to by both parties in
writing. Such fees and out-of-pocket expenses and advances identified under
Section 2.02 below may be changed from time to time subject to mutual written
agreement between the Company and the Agent, as approved by a majority of the
Trustees who are not "interested persons" (as defined in the Investment Company
Act of 1940, as amended) of the Company.
II. Article 2.02 is amended to read as follows:
2.02 In addition to the fees paid under Section 2.01 above, the Company
agrees to reimburse the Agent for out-of-pocket expenses or advances incurred by
the Agent for the items set out in the fee schedule agreed to by both parties in
writing. In addition, any other expenses incurred by the Agent at the request or
with the consent of the Company will be reimbursed by the Company.
IN WITNESS WHEREOF, each of the parties hereto has caused the Amendment to be
executed in its name on its behalf by its duly authorized representatives and
its Seal to be hereto affixed as of the 1st day of February, 1999.
ATTEST AARP INCOME TRUST
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Xxxxxx X. XxXxxxxxx, Vice President Xxxxx X. Xxxxxxxx, Chairperson
ATTEST XXXXXXX SERVICE CORPORATION
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Xxxxxx X. Xxxxxx, Vice President Xxxxxxx X. Xxxxxx, President
