EXHIBIT (9)(AE)
SHAREHOLDER SERVICING AGENT AGREEMENT
(ADDITION OF THE EMERGING GROWTH FUND)
Firstar Trust Company
X.X. Xxx 0000
Xxxxxxxxx, XX 00000
Gentlemen:
Pursuant to Paragraph 7 of the Shareholder Servicing Agent Agreement
dated as of March 23, 1988 and amended as of May 1, 1990, between you and
Portico Funds, Inc. (formerly, Elan Funds, Inc.) (the "Company"), the Company
requests that you render services as Shareholder Servicing Agent under the terms
of said agreement with respect to the Emerging Growth Fund, one additional
portfolio the Company is establishing. Your compensation for the services
provided under said agreement for said additional portfolio shall be determined
in accordance with the fee schedule attached hereto.
Please sign two copies of this letter where indicated to signify your
agreement to so serve as Shareholder Servicing Agent for the Emerging Growth
Fund and to the compensation terms set forth on the attached fee schedule for
the new Fund, which terms are to become effective as of the date set forth
below.
Sincerely,
Dated: August 15, 1997 PORTICO FUNDS, INC.
By: /s/ Xxxxx X. Xxxx
------------------------
(Authorized Officer)
ACKNOWLEDGED AND AGREED:
FIRSTAR TRUST COMPANY
By: /s/ Xxxxxx XxXxx Dated: August 15, 1997
-------------------------
(Authorized Officer)
FIRSTAR TRUST COMPANY
MUTUAL FUND SHAREHOLDER SERVICES
FOR
PORTICO FUNDS, INC.
Emerging Growth Fund
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Annual Fee Schedule
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$15.00 per Shareholder account
$ 5.00 per telephone exchange
$12.00 per wire transfer
Minimum annual fee of $24,000 per Fund.
Account fees shall be waived on the initial 800 accounts per series.
Fees billed monthly.
Plus out-of-pocket expenses including, but not limited to:
- Telephone--Toll-free lines
- Postage
- Programming
- Stationery/Envelopes
- Mailing
- Proxies
- Insurance
- Retention of Records
- Microfilm/Microfiche of Records
- Special Reports
- All other out-of pocket expenses
Plus, with respect to Two-Dimensional Transaction:
$1.00 per shareholder account to set-up
$1.00 per shareholder account to alter
AUTOMATIC INVESTMENT PLAN PROCESSING
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$125.00 per cycle
$ 0.50 per account set-up and/or change
$ 0.50 per item for AIP purchases
$ 3.50 per correction, reversal or return item
