EXHIBIT 99-5(b)(2)
LETTER AGREEMENT
May 1, 1989
Xxxxx Xxxxxxx Company
000 X Xxxxxx
Xxxxxx, XX 00000
Dear Sirs:
Pursuant to Section 3 of the Service Agreement between Xxxxx Xxxxxxx Investment
Company and Xxxxx Xxxxxxx Company, dated May 1, 1987, the Xxxxx Xxxxxxx
Investment Company advises you that it is creating a new fund to be named the
Real Estate Securities Fund (the "Fund") and that the Fund desires Xxxxx Xxxxxxx
Company to provide Portfolio Activity Reports ("PAR") and Analysis of
International Management ("AIM") to the Fund pursuant to the terms and
conditions of the Service Agreement. The fees to be charged by the
Administrator to the Fund in return for its services are the same as those set
forth in the Service Agreement.
Please indicate your acceptance to provide the service to the Real Estate
Securities Fund by executing the acceptance copy of the Letter Agreement and
returning it to the undersigned.
Sincerely,
XXXXX XXXXXXX INVESTMENT COMPANY
By: /s/ Xxxxxx X. Xxxxx
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Xxxxxx X. Xxxxx
Vice President - Operations
Accepted this 25th day of April, 1989.
XXXXX XXXXXXX COMPANY
By: /s/ Xxxxxx X. Early
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Vice President and Chief Financial Services Controller
