SUPPLEMENT TO ADMINISTRATION AGREEMENT
Date: November 4, 1996
Endeavor Investment Advisers, a California general partnership (the
"Company"), hereby supplements its agreement with First Data Investors Services
Group, Inc., a Massachusetts corporation ("FDISG"), as follows:
1. Appointment. Pursuant to Section 1 of the Administration Agreement
dated as of March 28, 1991 ( the "Agreement"), the Company and FDISG hereby
agree that the OPPORTUNITY VALUE PORTFOLIO AND ENHANCED INDEX PORTFOLIO, two new
series of the Endeavor Series Trust (the "Trust"), created and designated in
accordance with the Trust's Agreement and Declaration of Trust, shall be
considered "Series" of the Trust under the terms of the Agreement.
2. Compensation. The Company shall compensate FDISG for its services
rendered to the Company in accordance with Amendment No. 3 to the Agreement
dated as of July 1, 1996.
Such fees do not include out-of-pocket disbursements of FDISG for which
FDISG shall be entitled to xxxx separately. Out-of-pocket disbursements shall
include, but shall not be limited to the items specified in Schedule A to the
Agreement, which Schedule may be modified by FDISG upon not less than thirty
days' prior written notice to the Company.
IN WITNESS WHEREOF, the parties here to have caused this instrument to
be duly executed and delivered by their duly authorized officers as of the date
first written above.
ENDEAVOR INVESTMENT
ADVISERS
By: Endeavor Management Co.,
Managing General Partner
/s/ Xxxxxxx X. XxXxxxxxxx
Title: Chairman and CEO
FIRST DATA INVESTOR SERVICES
GROUP, INC.
/s/ Xxxxxxx Xxxxxxx
Title
ENDEAVOR SERIES TRUST
/s/ Xxxxx X. XxXxxxx
Title: President
EXHIBIT A
Out-of-Pocket Expenses
Administration Agreement
I. Out-of-pocket expenses include, but are not limited to, the following:
Postage (including overnight covering services) Telephone
Telecommunications charges (including FAX) Duplicating Pricing services
Forms and supplies
Travel (including all expenses incurred in meeting with representatives
or Trustees of the Trust outside the City of Boston, Massachusetts)
