AMENDMENT TO SCHEDULE A TO SUBADVISORY AGREEMENT
This Amendment ("the Amendment") to Schedule A to the Subadvisory Agreement (the
"Agreement") by and between IVY MANAGEMENT, INC., a Massachusetts corporation,
and XXXXXXXXX INVESTMENT MANAGEMENT LIMITED , an United Kingdom corporation,
dated 1 February 1999 (the "Agreement"), is made as of April 30, 1999.
The Amendment shall take effect as of April 30th, 1999.
Except as provided herein, the terms and provisions of the Agreement shall
remain in full force and effect without amendment.
Executed under seal this 29th of April, 1999. SIGNED by:
IVY MANAGEMENT, INC.
By: C. XXXXXXX XXXXXX
Senior Vice President
Title
XXXXXXXXX INVESTMENT MANAGEMENT LIMITED
By: Xxxx Xxxxxxxxx
Executive Director
Title
AMENDMENT TO SUBADVISORY AGREEMENT
This Amendment ("the Amendment") to the Subadvisory Agreement (the "Agreement")
by and between IVY MANAGEMENT, INC., a Massachusetts corporation, and XXXXXXXXX
INVESTMENT MANAGEMENT LIMITED, an United Kingdom corporation, dated February 1,
1999 (the "Agreement"), is made as of April 30, 1999.
Pursuant to Section 7 of the Agreement, the Agreement is hereby amended in its
entirety as follows:
1. The list of funds and assets under management set out in Schedule A to
the Agreement is hereby replaced in its entirety with the following
list:
Ivy International Small Companies Fund - 50% of Fund's net assets
Ivy European Opportunities Fund - 100% of Fund's net assets
2. The fee schedule set out in Schedule B to the Agreement is hereby
replaced in its entirety with the following fee schedule: Ivy
International Small Companies Fund - payable monthly at an annual rate
of 0.50% of the portion of the Fund's average daily net assets managed
by the Subadviser. Ivy European Opportunities Fund - payable monthly at
an annual rate of 0.50% of the portion of the Fund's average daily net
assets managed by the Subadviser.
Except as provided herein, the terms and provisions of the Agreement shall
remain in full force and effect without amendment.
Executed under seal this 29th of April, 1999. SIGNED by:
IVY MANAGEMENT, INC.
By: C. XXXXXXX XXXXXX
C. Xxxxxxx Xxxxxx, Senior Vice President
XXXXXXXXX INVESTMENT MANAGEMENT LIMITED
By: XXXX XXXXXXXXX
Xxxx Xxxxxxxxx, Executive Director
