EXHIBIT 30.20 ADMINISTRATION AGREEMENT THIS ADMINISTRATION AGREEMENT ("Agreement"), is made by and between TriStar Investment Trust, an Ohio business trust (the "Fund"), and TriStar Capital Management Corp., an Ohio corporation (the "Administrator")....

EXHIBIT 30.20

ADMINISTRATION AGREEMENT

THIS ADMINISTRATION AGREEMENT ("Agreement"),
is made by and between TriStar Investment Trust, an Ohio business
trust (the "Fund"), and TriStar Capital Management Corp.,
an Ohio corporation (the "Administrator"). WITNESSETH:

WHEREAS, the Fund is engaged in business as a
non-diversified open-end management investment company and is to
be registered as such under the Investment Company Act of 1940,
as amended (the "Act"); and

WHEREAS, the Administrator is engaged in the
business of rendering administrative and supervisory services to
investment companies; and

WHEREAS, the Fund desires to retain the
Administrator to render supervisory and corporate administrative
services to the Fund in the manner and on the terms hereinafter
set forth;

NOW, THEREFORE, in consideration of the mutual
promises and covenants contained herein, and for other good and
valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows:

1.Employment of the Administrator. The Fund
hereby employs the Administrator to administer the affairs of the
Fund subject to the direction of the Board of Trustees and the
officers of the Fund, for the period and on the terms hereinafter
set forth. The Administrator hereby accepts such employment and
agrees during such period to render the services and to assume
the obligations herein set forth for the compensation herein
provided. The Administrator shall devote such time as is
necessary to carry out and shall at all times faithfully, with
diligence and to the best of its ability, perform all of the
duties required of it by the Fund hereunder.

2.Obligations of the Administrator. The
Administrator shall, at its expense, establish and maintain
separate books of account and other records reasonably
appropriate for the operation of the business of the Fund,
including such entries and supporting documents as may be
necessary or appropriate for the purpose of showing all the
transactions made or committed on behalf of the Fund, and shall
supervise all accounting procedures and audits. All books and
records shall be maintained in such form and detail as may be
required by applicable law. The Administrator shall oversee the
maintenance of all books and records with respect to the Fund's
securities transactions and the Fund's book of account in
accordance with all applicable federal and state laws and
regulations. The Administrator, at its expense, shall supply the
Board of Trustees and officers of the Fund with all statistical
information and reports reasonably required by it and reasonably
available to the Administrator and furnish the Fund with office
facilities, including space, furniture and equipment and all
personnel reasonably necessary for the operation of the Fund. In
compliance with the requirements of Rule 31a-3 under the Act, the
Administrator hereby agrees that any records which it maintains
for the Fund are the property of the Fund and further agrees to
surrender promptly to the Fund any of such records upon the Fund's
request. The Administrator further agrees to arrange for the
preservation of the records required to be maintained by Rule 31a-1
under the Act for the periods prescribed by Rule 31a-2 under the
Act. The Administrator covenants and agrees that it will maintain,
or will otherwise have available to it, facilities and staff,
including managerial, administrative and technical, as shall be
necessary and adequate, in all material respects, to perform
properly its obligations hereunder.

3. Expenses of the Fund. The Administrator
assumes and shall pay for maintaining its staff and personnel,
and shall at its own expense provide the equipment, office space
and facilities necessary to perform its obligations under this
Agreement. In addition, the Administrator assumes and shall pay
all ordinary expenses of the Fund, including, without limitation:
(a) organizational costs, (b) compensation of the Investment
Adviser's personnel and payment of other expenses in connection
with provision of portfolio management services, (c) compensation
of any of the Fund's trustees, officers or employees who are not
interested persons of the Investment Adviser or its affiliates, (d)
fees and expenses of registering the Fund's shares under the
federal securities laws and of qualifying its shares under
applicable state Blue Sky laws, including expenses attendant upon
renewing such registrations and qualifications, (e) insurance
premiums, (f) fidelity bonds, (g) accounting and bookkeeping
costs and expenses necessary to maintain the Fund's books and
records, (h) outside auditing and ordinary legal expenses, (i)
all costs associated with shareholders meetings and the
preparation and dissemination of proxy solicitation materials, (j)
costs of printing and distribution of the Fund's Prospectus and
other shareholder information to existing shareholders, (k)
charges, if any, of custodian and dividend disbursing agent's
fees, (l) industry association fees, and (m) costs of independent
pricing services and calculation of daily net asset value. The
Administrator may, at its discretion, assume any additional
expenses ordinarily assumed by the Fund when it determines that
such action is in the best interest of the shareholders. Any
extraordinary and non-recurring expenses shall be paid by the
Fund.

4.Compensation. As compensation for the
services rendered, the facilities furnished and the expenses
assumed by the Administrator, the Fund shall pay to the
Administrator, in arrears, within thirty days after the end of
each calendar month, a fee, accrued each calendar day (including
weekends and holidays) at a rate of 0.70% per annum of the Fund's
average daily net assets up to $10 million, 0.50% of such assets
from $10 million to $50 million, 0.45% of such assets from $50
million to $200 million, 0.40% of such assets from $200 million
to $500 million, 0.35% of such assets from 500 million to 1
billion, and 0.30% of such assets in excess of $1 billion for
such month as determined and computed in accordance with the
description of the method of determination of net asset value
contained in the Fund's Prospectus and Statement of Additional
Information. The administrator may at its discretion, forego
sufficient fees which would have the effect of lowering the Fund’s
expense ratio and increasing the yield to shareholders.

5.Expense Limitation. If, in any fiscal year,
the aggregate expenses of the Fund (including advisory,
administrative and transfer agency fees, but excluding interest,
local, state and federal taxes), exceed the expense limitations
of any state having jurisdiction over the Fund, then the fee paid
to the Administrator hereunder will be reduced pro rata (but not
below zero) to the extent required by such expense limitation.
The Administrator will bear its pro rata share of any such fee
reduction based on the percentage that the Administrator's fee
bears to the total administrative and advisory fees paid by the
Fund to the Administrator and to the investment adviser of the
Fund, for the month and year in which this Agreement becomes
effective or terminates, there shall be an appropriate proration
of said fee reduction based on the number of days that the
Agreement is in effect during such month and year, respectively.

6.Inspection of Books and Records. Manager
shall, upon reasonable notice, permit the Fund and its duly
authorized representatives to inspect and to audit, for any
purposes whatsoever, all of the books of account, documents,
records, papers and files in the custody or possession of the
Administrator relating in any manner to the business of the Fund.
All expenses involved in such audit or inspection will be borne
by the Fund.

7.Independent Contractor. The Administrator is
for all purposes hereunder an independent contractor, free from
control, direction or supervision of the Fund and any persons
engaged by the Administrator in the performance of the
Administrator's duties hereunder are solely the employees or
agents of the Administrator. The parties hereto intend and
contemplate that their relationship shall not be construed, nor
shall any provision of this Agreement be interpreted, so as to
create a partnership or joint venture between them or their
respective successors in interest and, except as expressly
provided or authorized, neither party shall have the authority to
act for, represent or bind the other or otherwise be deemed an
agent of the other.

8.Activities of the Administrator. The services
of the Administrator to the Fund hereunder are not to be deemed
exclusive and the Administrator shall be free to render similar
services to others. Subject to, and in accordance with the
Declaration of Trust and By-Laws of the Fund and Section 10(a) of
the Act, it is understood that trustees, officers, agents and
beneficial holders of the Fund are or may be "interested
persons" (as defined in the Act) of the Administrator of its
affiliates, and that directors, officers, agents or shareholders
of the Administrator of its affiliates are or may be "interested
persons" of the Fund as beneficial holders or otherwise.

9.Limitation of Liability. In the absence of
willful misfeasance, bad faith, gross negligence or reckless
disregard of obligations or duties hereunder on the part of the
Administrator, the Administrator shall not be liable to the Fund
or to any beneficial holder of the Fund for any act or omission
in the course of, or in connection with, rendering services
hereunder or for any losses that may be sustained in the purchase,
holding or sale of any security.

10. Term. This Agreement shall become effective
on the effective date of the first public offering of the Fund's
shares and shall continue in effect for one year and from year to
year thereafter only so long as specifically approved annually by
(i) the Fund's Board of Trustees and by a vote of the holders of
a majority of the outstanding voting securities of the Fund, or (ii)
a majority of the Trustees who are not parties to the Agreement
or "interested persons" (as defined in the Act) of any
such party cast in person at a meeting called for the purpose of
voting on such approval.

11. Termination. This Agreement may be
terminated at any time without the payment of any penalty (i) by
the Fund either by vote of the Board of Trustees of the Fund or
by vote of a majority of the outstanding voting securities of the
Fund, on 60 days written notice to the Administrator, or by the
Administrator on 60 days written notice to the Fund.

12. Amendments. This Agreement may be amended
by the parties only if such amendment is specifically approved by
(i) the Board of Trustees of the Fund and by a vote of the
holders of a majority of the outstanding voting securities of the
Fund, or (ii) a majority of those trustees of the Fund who are
not parties to this Agreement or interested persons of any such
party cast in person at a meeting called for the purpose of
voting on such approval.

13. Notices. Any notice required or desired to
be given hereunder shall be in writing and shall be considered
effective (i) when delivered, if by personal delivery, (ii) upon
the earlier of actual or first attempted delivery, if mailed,
postage prepaid, addressed as follows:

or to such other address as the party shall
have furnished in writing in accordance with the provisions of
this Section 13.
14. Entire Agreement. This Agreement
constitutes the entire agreement of the parties with respect to
the subject matter hereof, and supersedes all prior negotiations
or agreements, whether written or oral.
15. Inurement. This Agreement shall inure to
the benefit of and be binding upon the Fund, the Administrator,
and their respective successors, transferees and assigns.
16. Assignment. Except as otherwise expressly
provided herein, the rights and obligations of the parties
pursuant to this Agreement may not be assigned without the
express written consent of the other party.
17. Severability. If any provision of this
Agreement shall be held, declared or pronounced void, voidable,
invalid, unenforceable or inoperative for any reason by any court
of competent jurisdiction, such holding, declaration or
pronouncement shall not adversely affect any other provision of
this Agreement, and this Agreement shall otherwise remain in full
force and effect and be enforced in accordance with its terms,
including in a manner that may be reasonably required in order to
render any provision that has been held, declared or pronounced
void, voidable, invalid, unenforceable or inoperative to become
valid, enforceable and operative.
18. Counterparts. This Agreement shall be
executed in counterparts, in which case all such counterparts
shall constitute one and the same agreement.
19. Governing Law. This Agreement shall be
construed in accordance with and governed by the laws of the
State of Ohio.
20. Attorneys' Fees. In the event any
proceeding is brought by one party against the other to enforce
or for the breach of any of the provisions of this Agreement, the
prevailing party shall be entitled in such proceeding and in any
appeal therefrom to recover reasonable attorneys' fees, together
with the costs of such proceeding therein xxxxxxxx.
XX WITNESS WHEREOF, the parties hereto have
caused this Agreement to be executed and sealed by their duly
authorized officers this of 3rd day of December, 1999.

    

        
If to the Administrator: 
        
If to the Fund:
    
    

        
TriStar Capital Management Corp. 
        00000 Xxxxxxxx Xxxxx 
        Xxxxx Xxxx, XX 00000 
        Telephone No.: (000) 000-0000
        
TriStar Investment Trust 
        00000 Xxxxxxxx Xxxxx 
        Xxxxx Xxxx, XX 00000 
        Telephone No.: (000) 000-0000
    





















    

        
TriStar Investment Trust
        
TriStar Capital Management Corp.
    
    

        
By: /s/ Xxxxxxx X. Xxxxxxxxx  
        Xxxxxxx X. Xxxxxxxxx, President 
         
        ATTEST 
         
        By: /s/ Xxxxxx X. Xxxxxxx  
        Xxxxxx X. Xxxxxxx, Vice-Pres.
        
By: /s/ Xxxxxxx X. Xxxxxxxxx 
        Xxxxxxx X. Xxxxxxxxx, President 
         
        ATTEST 
         
        By: /s/ Xxxxx X. Xxxxxxxxx 
        Xxxxx X. Xxxxxxxxx, Secretary