Exhibit 15(h)
Amendment to Distribution and Service Agent Agreement
Whereas Fidelity Distributors Corporation ("Distributors") and Sterling
Capital Distributors, Inc. ("Sterling") have entered into a Distribution
and Service Agent Agreement (the "Agreement") dated as of January 22, 1996,
with respect to the shares of The North Carolina Capital Management Trust:
Cash Portfolio (the "Portfolio").
Now, therefore, representatives of Distributors and Sterling have entered
into negotiations and have agreed upon the following amended terms with
reference to the provisions of Paragraph 5:
"5. Distributors agrees to pay Sterling as soon as practicable after the
end of each month and Sterling agrees to accept, as full compensation for
all services and facilities to be provided hereunder, a fee based on the
monthly average of the net assets of the Portfolio determined as of the
close of business on each business day throughout the month. The fee shall
be payable at an annual rate determined on a cumulative basis pursuant to
the following schedule:
The Annual Fee Rate Is
On the first $1.0 billion of average daily net assets 0.150%
On average daily net assets in excess of $1.0 billion 0.150%
through $2.0 billion
On average daily net assets in excess of $2.0 billion 0.140%
Sterling understands that Distributors, with the consent of Sterling, has
reserved the right to reduce or waive the distribution fee from time to
time.
If this Agreement becomes effective subsequent to the first day of a month
or shall terminate before the last day of a month, compensation for the
part of the month this Agreement is in effect shall be prorated based on
the number of business days during such month that this Agreement was in
effect."
The terms of this amendment shall be effective as of January 1, 1998.
Except as expressly set forth in Paragraph 5 hereof, all terms and
conditions of the Agreement shall remain unchanged and in full force and
effect.
Agreement with the terms of Paragraph 5 hereof is signified by Sterling
and Distributors by authorized signature below.
Sterling Capital Distributors, Inc.
By: /s/ J. Xxxxxx Xxxxxx, Xx.
Name: J. Xxxxxx Xxxxxx, Xx.
Title: President
Fidelity Distributors Corporation
By: /s/ Xxxxxx X. Xxxxxx
Name: Xxxxxx X. Xxxxxx
Title: Vice President and Clerk
